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Middlesex
31 Riverside Drive
$280,000
● House - Off Market

31 Riverside Drive

North Reading, MA 01864
bedrooms
3 Beds
bathrooms
1 Bath
square feet
1,038 Ft²
$598,900
RealtyHop Estimate
106.59%
Since Aug 1, 2003
MA-Boston
Primary Model

About This Property

A LOVELY HOME W/BEAUTIFUL WATERFRONT LOC.FRESHLY PAINTED KIT W/NEW CT FLR,RECESSED LITES & NEW STOVE.UPDATED BATH W/TILE FL,LR W/HW,FP.NEW FURNACE MAY '03.HOME WARRANTY.PORCH OVLKS LG GRASSY YD & RIVER.FISH & CANOE IN YOUR BACKYARD!
Unit Size
1,038 Ft²
Days on Market
-
Land Size
0.32 acres
Price per sqft
$279
Property Type
House
Property Taxes
$249
HOA Dues
-
Year Built
1935

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Cap Rate Calculator

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Cap Rate 100% Occupancy
N/A (extreme outlier)

What does this mean?

Based on our analysis, the cap rate of this property is 1.25%. A negative cap rate indicates that the property might not be feasible as an income-producing asset. The median cap rate for a near zip code 11238 is 4.23%.

How much can I actually make?

Actual monthly rental income may vary between $4,760 and $7,140 depending on unit-specific characteristics. You can change the amount using the slider to further explore.

How is cap rate calculated?

Cap Rate = Net Operating Income (NOI) / Property Asset Value.

When calculating the cap rate, we assume 100% occupancy. Leverage (mortgage) is not considered.

Cap Rate provided by RealtyHop and RentHop, learn more about cap rate here.

Last updated: 4 years ago (MLSPIN #30724885)

Price History

Date / Event Date Event Price
Jul 30, 2003 Sold
Premium
Sold
May 22, 2003 Listed by Century 21 Spindler & O'Neil Associates $289,900
Listed by Century 21 Spindler & O'Neil Associates
Dec 29, 1998 Sold
Premium
Sold

Property Highlights

Fireplace

Building Info

Overview

    General

  • Year Built: 1935
  • Effective Year Built: 1935
  • Total Rooms: 6
  • Bedroom Count: 3
  • Bathroom Count: 2
  • Full Bathrooms: 2
  • Partial Bathrooms: 2
  • Building Condition: 6
  • Building Quality: 0
  • Construction Type: 3
  • Building Style: 15
  • Exterior Walls Type: 19
  • Interior Walls Type: 0
  • Roof Shape Type: 1
  • Roof Cover Type: 15
  • Floor Count: 100
  • Floor Cover: 0
  • Basement Type: 2
  • Basement Area: 1,038
  • Garage Type: 0
  • Parking Space Count: 0
  • Patio Type: 0
  • Porch Type: 0
  • Pool Type: 0

    Dimensions

  • Lot Size Square Feet: 14,375
  • Lot Size Frontage Feet: 0
  • Total Building Area: 1,516
  • Building Area: 1,516
  • Building Area Measurement: L

    Heating and Cooling

  • Fireplace Count: 1
  • Air Conditioning: 13
  • Heating: 10
  • Heated Square Feet: 1,516
  • Heating Fuel Type: 6

    Utilities

  • Sewer System: 0
  • Water Service: 0

Building

  • Building Type: 0
  • Property Class: R
  • Land Acres: 0000000330
  • Standard Land Use Code: 1001
  • County Land Use Code: 101

Neighborhood

  • School District Name: North Reading School District
  • School Tax School District: NO READING SD
  • Census Tract: 330102

Zoning

  • Zoning: RA

Geography

  • District: 213
  • Parcel: NREA M:078.0 B:0000 L:0020.0
  • Lot: 20.0
  • Municipality: NORTH READING
  • Latitude: 42.5728
  • Longitude: -71.0399

    Address

  • Full Address: 31 Riverside Dr
  • Address - House Number: 31
  • Address - Street Name: Riverside
  • Address - Suffix Type: Dr
  • State: MA
  • City Name: North Reading
  • Carrier Code: C004
  • 4-Digit Zip Code: 2929
  • Zip Code: 01864

Valuation

    Tax

  • Tax Year: 2024
  • Tax Amount: $767,900

    Appraisal Valuation

  • Standard Deviation: 0.1674
  • Valuation Date: Mar 13, 2024
  • Confidence Score: 78
  • Final Value: 645,066
  • High Value: 753,102
  • Low Value: 537,031

    Assessments Valuation

  • Assessed Year: 2024
  • Assessed Total Value: $581,300
  • Assessed Land Value: $346,200
  • Assessed Improvements Value: $235,100

    Sales

  • Current Sale Recording Date: Jul 30, 2003
  • Current Sale Price:
    Premium
  • Current Sale Document Type: 27
  • Current Sale Input Document Number: 3008
  • Previous Sale Recording Date: Dec 29, 1998
  • Previous Sale Amount: $169,900
  • Previous Sale Document Type: 27
Data used for valuation calculations is provided by RealtyHop, and other third party sources
Request mortgage information redaction

Comparables

Unit
Status
Type
Beds
Baths
ft²
Price/ft²
Asking Price
Listed On
Closing Price
Sold On
HOA + Taxes

About Middlesex

Stats & Trends

Median Asking:

$810,000

Sale Price/ft²

$439

Below Asking

0.01%

Average Days on Market

55

Average Home Size

2700 ft²

Average Home Age

62.6 years

Currently For Sale

3165 Listings
Based on RH Advisors, Inc. calculations of home data from MLS and/or public records.

Similar Homes for Sale

Currently no similar homes around

Nearby Rentals

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Last Updated: 4 years ago
Data Source: MLS PIN, MLS# 30724885

Frequently Asked Questions

When was property at 31 Riverside Drive built and last sold?
The property at 31 Riverside Drive was built in 1935 and last sold on Jan 1, 1970 for $280,000.
How much is this home worth?
The estimated value of the home located at 31 Riverside Drive is $0.
What are some comparable homes to 31 Riverside Drive?
There are currently no comparable homes to 31 Riverside Drive.
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