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Newton 02464 Newton Upper Falls
43 River Ave
$740,000
● House - Off Market

43 River Ave

Newton, MA 02464
bedrooms
2 Beds
bathrooms
1 Bath
square feet
918 Ft²
$849,445
RealtyHop Estimate
6.85%
Since Mar 1, 2022
MA-Boston
Primary Model

About This Property

Location, Location, Location. Sun drenched quaint bungelow on a serene, private dead end street. Level lot overlooking the Charles River in the desirable Upper Falls area of Newton. Great opportunity to get into Newton at this price point! This lovely home features 2 bedrooms, 1 bathroom, an eat-in kitchen and a spacious deck off of the living room that is perfect for hours of entertaining or relaxation. Great condo alternative! Close to shopping, restaurants, schools, highways and everything else Newton has to offer. A must see!
Unit Size
918 Ft²
Days on Market
-
Land Size
0.28 acres
Price per sqft
$866
Property Type
House
Property Taxes
$523
HOA Dues
-
Year Built
1930

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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 #72921289)

Price History

Date / Event Date Event Price
Feb 4, 2022 Sold
Premium
Sold
Nov 18, 2021 Listed by Coldwell Banker Realty - Newton $795,000
Listed by Coldwell Banker Realty - Newton

Property Highlights

Air Conditioning

Building Info

Overview

    General

  • Year Built: 1930
  • Effective Year Built: 1930
  • Building Count: 1
  • Total Rooms: 4
  • Bedroom Count: 2
  • Bathroom Count: 1
  • Full Bathrooms: 1
  • Partial Bathrooms: 1
  • Building Condition: 6
  • Building Quality: 0
  • Construction Type: 2
  • Building Style: 3
  • Exterior Walls Type: 19
  • Interior Walls Type: 0
  • Roof Shape Type: 1
  • Roof Cover Type: 15
  • Floor Count: 100
  • Floor Cover: 0
  • Basement Type: 7
  • Basement Area: 918
  • Garage Type: 0
  • Parking Space Count: 0
  • Patio Type: 0
  • Porch Type: 0
  • Pool Type: 0

    Dimensions

  • Lot Size Square Feet: 12,050
  • Total Building Area: 918
  • Gross Building Area: 2,270
  • Building Area: 918
  • Building Area Measurement: L

    Heating and Cooling

  • Air Conditioning: 0
  • Heating: 16
  • Heated Square Feet: 918
  • Heating Fuel Type: 6

    Utilities

  • Sewer System: 0
  • Water Service: 0

Building

  • Building Type: 0
  • Property Class: R
  • Land Acres: 0000000277
  • Standard Land Use Code: 1001
  • County Land Use Code: 101

Neighborhood

  • School District Name: Newton School District
  • School Tax School District: NEWTON SD
  • Census Tract: 374100

Zoning

  • Zoning: MR1

Geography

  • Account Number: 51043 0003
  • District: 207
  • Parcel: NEWT S:51 B:043 L:0003
  • Block: 43
  • Lot: 3
  • Municipality: NEWTON
  • Latitude: 42.312
  • Longitude: -71.2264

    Address

  • Full Address: 43 River Ave
  • Address - House Number: 43
  • Address - Street Name: River
  • Address - Suffix Type: Ave
  • State: MA
  • City Name: Newton Upper Falls
  • Carrier Code: C095
  • 4-Digit Zip Code: 1324
  • Zip Code: 02464

Valuation

    Tax

  • Tax Year: 2024
  • Tax Amount: $716,000

    Appraisal Valuation

  • Standard Deviation: 0.214
  • Valuation Date: Mar 13, 2024
  • Confidence Score: 70
  • Final Value: 888,524
  • High Value: 1,078,723
  • Low Value: 698,326

    Assessments Valuation

  • Assessed Year: 2024

    Sales

  • Current Sale Contract Date: Feb 04, 2022
  • Current Sale Recording Date: Feb 04, 2022
  • Current Sale Price:
    Premium
  • Current Sale Document Type: O
  • Current Sale Input Document Number: 19933
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 Newton Upper Falls

Stats & Trends

Median Asking:

$1,299,000

Sale Price/ft²

$542

Below Asking

0.01%

Average Days on Market

53

Average Home Size

2365 ft²

Average Home Age

69.5 years

Currently For Sale

10 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# 72921289

Frequently Asked Questions

When was property at 43 River Avenue built and last sold?
The property at 43 River Avenue was built in 1930 and last sold on Feb 4, 2022 for $740,000.
How much is this home worth?
The estimated value of the home located at 43 River Avenue is $784,144.
What are some comparable homes to 43 River Avenue?
There are currently no comparable homes to 43 River Avenue.
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