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Northborough 01532
40 Riley Road
$528,000
● House - Off Market

40 Riley Road

Northborough, MA 01532
bedrooms
3 Beds
bathrooms
1 Bath
square feet
1,434 Ft²
$449,753
RealtyHop Estimate
0.17%
Since Jul 1, 2023
National-US
Primary Model

About This Property

Offers due, 5/8/23 5:00 pm. Beautiful Northborough home close to Juniper Hills Golf Course and Ellsworth McAfee Park.  This updated home has been lovingly maintained for over 60 years, happily awaiting a new owner! Featuring: Great open floor plan. Six gracious rooms. Three sunny bedrooms with large closets. One full bath with double sinks and tile surround tub. Living room with large bow window. Sunny 2-year-old quartz and stainless-steel kitchen. Spacious basement family room awaiting  your pool table, games, and sectional with giant TV. Recessed lights, freshly painted, hardwood and engineered laminate floors,  updated kitchen and baths. Enjoy gardening and relaxing on your new deck gazing out to your picturesque, oversized yard.
Unit Size
1,434 Ft²
Days on Market
-
Land Size
0.77 acres
Price per sqft
$313
Property Type
House
Property Taxes
$426
HOA Dues
-
Year Built
1955

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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: 5 months ago (MLSPIN #73107809)

Price History

Date / Event Date Event Price
Jun 15, 2023 Sold
Premium
Sold
May 11, 2023 In contract -
In contract
May 5, 2023 Listed by Berkshire Hathaway HomeServices Commonwealth Real Estate $449,000
Listed by Berkshire Hathaway HomeServices Commonwealth Real Estate
Jan 30, 2019 Sold
Premium
Sold

Property Highlights

Parking Available
Air Conditioning

Building Info

Overview

    General

  • Year Built: 1955
  • Effective Year Built: 1955
  • Building Count: 1
  • Total Rooms: 5
  • Bedroom Count: 3
  • Bathroom Count: 1
  • Full Bathrooms: 1
  • Partial Bathrooms: 1
  • Building Condition: 3
  • Building Quality: 0
  • Construction Type: 3
  • 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: 7
  • Basement Area: 864
  • Garage Type: 0
  • Parking Space Count: 0
  • Patio Type: 0
  • Porch Type: 0
  • Pool Type: 0

    Dimensions

  • Lot Size Square Feet: 53,801
  • Total Building Area: 864
  • Gross Building Area: 1,868
  • Building Area: 864
  • Building Area Measurement: L

    Heating and Cooling

  • Air Conditioning: 0
  • Heating: 4
  • Heated Square Feet: 864
  • Heating Fuel Type: 6

    Utilities

  • Sewer System: 0
  • Water Service: 0

Building

  • Building Type: 0
  • Property Class: R
  • Land Acres: 0000001235
  • Standard Land Use Code: 1001
  • County Land Use Code: 101

Neighborhood

  • School District Name: Northborough-Southborough School District
  • Census Tract: 740101

Zoning

  • Zoning: RC

Geography

  • Parcel: NBOR M:0740 L:0016
  • Lot: 16
  • Municipality: NORTHBOROUGH
  • Latitude: 42.3114
  • Longitude: -71.6486

    Address

  • Full Address: 40 Riley Rd
  • Address - House Number: 40
  • Address - Street Name: Riley
  • Address - Suffix Type: Rd
  • State: MA
  • City Name: Northborough
  • Carrier Code: C007
  • 4-Digit Zip Code: 1823
  • Zip Code: 01532

Valuation

    Tax

  • Tax Year: 2024
  • Tax Amount: $578,200

    Appraisal Valuation

  • Standard Deviation: 0.1707
  • Valuation Date: Mar 13, 2024
  • Confidence Score: 78
  • Final Value: 498,432
  • High Value: 583,554
  • Low Value: 413,311

    Assessments Valuation

  • Assessed Year: 2024
  • Assessed Total Value: $404,900
  • Assessed Land Value: $207,800
  • Assessed Improvements Value: $197,100

    Sales

  • Current Sale Contract Date: Jun 15, 2023
  • Current Sale Recording Date: Jun 15, 2023
  • Current Sale Price:
    Premium
  • Current Sale Document Type: O
  • Current Sale Input Document Number: 47162
  • Previous Sale Recording Date: Jan 30, 2019
  • Previous Sale Contract Date: Jan 30, 2019
  • Previous Sale Amount: $250,000
  • Previous Sale Document Type: O
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 Northborough

Stats & Trends

Median Asking:

$649,950

Sale Price/ft²

$329

Below Asking

0.02%

Average Days on Market

57

Average Home Size

2133 ft²

Average Home Age

71.7 years

Currently For Sale

13 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: 5 months ago
Data Source: MLS PIN, MLS# 73107809

Frequently Asked Questions

When was property at 40 Riley Road built and last sold?
The property at 40 Riley Road was built in 1955 and last sold on Jun 15, 2023 for $528,000.
How much is this home worth?
The estimated value of the home located at 40 Riley Road is $463,575.
What are some comparable homes to 40 Riley Road?
There are currently no comparable homes to 40 Riley Road.
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