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Essex 01951
31 Riverview Dr
$287,500
● House - Off Market

31 Riverview Dr

Newbury, MA 01951
bedrooms
3 Beds
bathrooms
1 Bath
square feet
1,040 Ft²
$555,764
RealtyHop Estimate
85.87%
Since Jul 1, 2014
National-US
Primary Model

About This Property

Cozy 3 bedroom 1 bath ranch in a wonderful family neighborhood located on a private 1/3 acre lot.  One car garage also provides plenty of storage. Enjoy your large private deck off the rear of the house overlooking the wooded lot. A great school system to raise your family. This is move in condition and won't last!
Unit Size
1,040 Ft²
Days on Market
-
Land Size
0.34 acres
Price per sqft
$288
Property Type
House
Property Taxes
$256
HOA Dues
-
Year Built
1974

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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 months ago (MLSPIN #71670544)

Price History

Date / Event Date Event Price
Jun 20, 2014 Sold
Premium
Sold
Apr 27, 2014 Listed by The Martin Group, Inc. $299,000
Listed by The Martin Group, Inc.
Jan 31, 2007 Sold
Premium
Sold
Feb 6, 2006 Listed by The Martin Group, Inc. $324,900
Listed by The Martin Group, Inc.

Property Highlights

Garage
Parking Available
Air Conditioning

Building Info

Overview

    General

  • Year Built: 1974
  • Effective Year Built: 1974
  • Building Count: 1
  • Total Rooms: 5
  • Bedroom Count: 3
  • Bathroom Count: 1
  • Full Bathrooms: 1
  • Partial Bathrooms: 1
  • Building Condition: 6
  • Building Quality: 0
  • Construction Type: 6
  • Building Style: 11
  • Exterior Walls Type: 18
  • Interior Walls Type: 0
  • Roof Shape Type: 1
  • Roof Cover Type: 15
  • Floor Count: 100
  • Living Units: 1
  • Floor Cover: 0
  • Basement Type: 0
  • Basement Area: 0
  • Garage Type: 0
  • Parking Space Count: 0
  • Patio Type: 0
  • Porch Type: 0
  • Pool Type: 0

    Dimensions

  • Lot Size Square Feet: 14,671
  • Total Building Area: 1,092
  • Gross Building Area: 1,236
  • Building Area: 1,092
  • Building Area Measurement: L

    Heating and Cooling

  • Air Conditioning: 0
  • Heating: 4
  • Heated Square Feet: 1,092
  • Heating Fuel Type: 6

    Utilities

  • Sewer System: 0
  • Water Service: 0

Building

  • Building Type: 0
  • Property Class: R
  • Land Acres: 0000000337
  • Standard Land Use Code: 1001
  • County Land Use Code: 101

Neighborhood

  • School District Name: Triton School District
  • School Tax School District: TRITON SD
  • Census Tract: 269100

Zoning

  • Zoning: AR4

Geography

  • Parcel: NEWB M:0R48 B:0000 L:00028
  • Lot: 28
  • Municipality: NEWBURY
  • Latitude: 42.7909
  • Longitude: -70.8472

    Address

  • Full Address: 31 Riverview Dr
  • Address - House Number: 31
  • Address - Street Name: Riverview
  • Address - Suffix Type: Dr
  • State: MA
  • City Name: Newbury
  • Carrier Code: C012
  • 4-Digit Zip Code: 1808
  • Zip Code: 01951

Valuation

    Tax

  • Tax Year: 2024
  • Tax Amount: $387,800

    Appraisal Valuation

  • Standard Deviation: 0.1713
  • Valuation Date: Jan 17, 2024
  • Confidence Score: 78
  • Final Value: 588,563
  • High Value: 689,395
  • Low Value: 487,732

    Assessments Valuation

  • Assessed Year: 2024
  • Assessed Total Value: $504,900
  • Assessed Land Value: $290,700
  • Assessed Improvements Value: $214,200

    Sales

  • Current Sale Recording Date: Jun 20, 2014
  • Current Sale Price:
    Premium
  • Current Sale Document Type: O
  • Current Sale Input Document Number: 62000470
  • Previous Sale Recording Date: Jan 31, 2007
  • Previous Sale Amount: $300,000
  • 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 Essex

Stats & Trends

Median Asking:

$699,000

Sale Price/ft²

$384

Below Asking

0.01%

Average Days on Market

54

Average Home Size

2597 ft²

Average Home Age

73.2 years

Currently For Sale

1387 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

Unit for rent at 16 Chestnut, Newburyport, 01950

$3,700 /mo

  • 2 Beds
  • 1 Bath
  • 2,706 ft²
16 Chestnut, Newburyport, 01950

Rentals Near You

Click here to view more rentals in the neighborhood.
Last Updated: 4 months ago
Data Source: MLS PIN, MLS# 71670544

Frequently Asked Questions

When was property at 31 Riverview Drive built and last sold?
The property at 31 Riverview Drive was built in 1974 and last sold on Jan 1, 1970 for $287,500.
How much is this home worth?
The estimated value of the home located at 31 Riverview Drive is $308,119.
What are some comparable homes to 31 Riverview Drive?
There are currently no comparable homes to 31 Riverview Drive.
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