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Worcester
40 Riverside Dr
$250,000
● House - Off Market

40 Riverside Dr

Auburn, MA 01501
bedrooms
4 Beds
bathrooms
1 Bath
square feet
1,330 Ft²
$395,722
RealtyHop Estimate
52.26%
Since Jun 1, 2018
National-US
Primary Model

About This Property

A MUST SEE! This freshly painted 4 bedroom, 1 bath cape offers spectacular views of Pondville Pond. Stairs to a private dock with approx 227' of water frontage. The home is on a dead-end cul-de-sac with a large flat yard.  Brand new furnace, plumbing, on demand water heater and updated electric all in 2015/2016. The 3 season porch offers a peaceful spot to enjoy all the wildlife that call this pond home. Located in high demand area close to all major routes.
Unit Size
1,330 Ft²
Days on Market
-
Land Size
-
Price per sqft
$195
Property Type
House
Property Taxes
$270
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 months ago (MLSPIN #72290838)

Price History

Date / Event Date Event Price
May 1, 2018 Sold
Premium
Sold
Mar 8, 2018 Listed by Keller Williams Realty $259,900
Listed by Keller Williams Realty
Sep 10, 2015 Sold
Premium
Sold
Jan 26, 2015 Listed by Keller Williams Realty $229,900
Listed by Keller Williams Realty

Property Highlights

Parking Available

Building Info

Overview

    General

  • Year Built: 1935
  • Effective Year Built: 1935
  • Building Count: 1
  • Total Rooms: 6
  • Bedroom Count: 4
  • Bathroom Count: 2
  • Full Bathrooms: 1
  • Partial Bathrooms: 2
  • Building Condition: 6
  • Building Quality: 0
  • Construction Type: 0
  • Building Style: 3
  • Exterior Walls Type: 19
  • Interior Walls Type: 0
  • Roof Shape Type: 1
  • Roof Cover Type: 20
  • 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: 16,585
  • Total Building Area: 1,155
  • Gross Building Area: 2,632
  • Building Area: 1,155
  • Building Area Measurement: L

    Heating and Cooling

  • Air Conditioning: 0
  • Heating: 10
  • Heated Square Feet: 1,155
  • Heating Fuel Type: 6

    Utilities

  • Sewer System: 0
  • Water Service: 0

Building

  • Building Type: 0
  • Property Class: R
  • Land Acres: 0000000381
  • Standard Land Use Code: 1001
  • County Land Use Code: 101

Neighborhood

  • School District Name: Auburn School District
  • School Tax School District: AUBURN SD
  • Census Tract: 736500

Geography

  • Account Number: 5599
  • District: 17
  • Parcel: AUBU M:0058 L:0017
  • Lot: 17
  • Municipality: AUBURN
  • Latitude: 42.1904
  • Longitude: -71.8217

    Address

  • Full Address: 40 Riverside Dr
  • Address - House Number: 40
  • Address - Street Name: Riverside
  • Address - Suffix Type: Dr
  • State: MA
  • City Name: Auburn
  • Carrier Code: C010
  • 4-Digit Zip Code: 3223
  • Zip Code: 01501

Valuation

    Tax

  • Tax Year: 2024
  • Tax Amount: $500,600

    Appraisal Valuation

  • Standard Deviation: 0.1784
  • Valuation Date: Mar 13, 2024
  • Confidence Score: 76
  • Final Value: 406,729
  • High Value: 479,293
  • Low Value: 334,165

    Assessments Valuation

  • Assessed Year: 2024
  • Assessed Total Value: $335,300
  • Assessed Land Value: $122,500
  • Assessed Improvements Value: $212,800

    Sales

  • Current Sale Recording Date: May 01, 2018
  • Current Sale Price:
    Premium
  • Current Sale Document Type: O
  • Current Sale Input Document Number: 41486
  • Previous Sale Recording Date: Sep 10, 2015
  • Previous Sale Amount: $215,000
  • 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 Worcester

Stats & Trends

Median Asking:

$499,900

Sale Price/ft²

$281

Below Asking

0.02%

Average Days on Market

57

Average Home Size

2429 ft²

Average Home Age

62.8 years

Currently For Sale

1936 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 months ago
Data Source: MLS PIN, MLS# 72290838

Frequently Asked Questions

When was property at 40 Riverside Drive built and last sold?
The property at 40 Riverside Drive was built in 1935 and last sold on Jan 1, 1970 for $250,000.
How much is this home worth?
The estimated value of the home located at 40 Riverside Drive is $265,058.
What are some comparable homes to 40 Riverside Drive?
There are currently no comparable homes to 40 Riverside Drive.
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