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Lawrence 01841 Tower Hill
462 Riverside Dr
$218,000
● House - Off Market

462 Riverside Dr

Lawrence, MA 01841
bedrooms
3 Beds
bathrooms
2 Baths
square feet
2,042 Ft²
$419,310
RealtyHop Estimate
86.44%
Since Feb 1, 2015
National-US
Primary Model

About This Property

Come see this Contemporary Home with fantastic river views that was totally rebuilt in 1986. This well maintained home offers spacious rooms with many recent updates and upgrades. Recent updates include; boiler, roof and siding 8 years old. Granite counters, stove and refrigerator 3 years old plus brand new bedroom carpets and several recently painted rooms. This home is 2x6 construction with Anderson windows/custom blinds, solid hardwood doors and natural woodwork. B1 zoning = Local Business District.
Unit Size
2,042 Ft²
Days on Market
-
Land Size
0.11 acres
Price per sqft
$110
Property Type
House
Property Taxes
$284
HOA Dues
-
Year Built
1986

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Cap Rate Calculator

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Cap Rate 100% Occupancy
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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 #71739168)

Price History

Date / Event Date Event Price
Jan 30, 2015 Sold
Premium
Sold
Sep 6, 2014 Listed by RE/MAX Insight $224,900
Listed by RE/MAX Insight

Property Highlights

Fireplace
Parking Available

Building Info

Overview

    General

  • Year Built: 1986
  • Effective Year Built: 1986
  • Building Count: 1
  • Total Rooms: 6
  • Bedroom Count: 2
  • Bathroom Count: 2
  • Full Bathrooms: 2
  • Partial Bathrooms: 2
  • Building Condition: 6
  • Building Quality: 0
  • Construction Type: 0
  • Building Style: 21
  • Exterior Walls Type: 19
  • Interior Walls Type: 0
  • Roof Shape Type: 1
  • Roof Cover Type: 15
  • Floor Count: 200
  • 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: 5,000
  • Total Building Area: 2,042
  • Gross Building Area: 3,582
  • Building Area: 2,042
  • Building Area Measurement: L

    Heating and Cooling

  • Air Conditioning: 0
  • Heating: 10
  • Heated Square Feet: 2,042
  • Heating Fuel Type: 3

    Utilities

  • Sewer System: 0
  • Water Service: 0

Building

  • Building Type: 0
  • Property Class: R
  • Land Acres: 0000000115
  • Standard Land Use Code: 1001
  • County Land Use Code: 101

Neighborhood

  • School District Name: Lawrence School District
  • School Tax School District: LAWRENCE SD
  • Census Tract: 251400

Geography

  • Account Number: 224 0000 0003 A
  • Parcel: LAWR M:0224 B:0000 L:0003
  • Lot: 3
  • Municipality: LAWRENCE
  • Latitude: 42.6958
  • Longitude: -71.1836

    Address

  • Full Address: 462 Riverside Dr
  • Address - House Number: 462
  • Address - Street Name: Riverside
  • Address - Suffix Type: Dr
  • State: MA
  • City Name: Lawrence
  • Carrier Code: C010
  • 4-Digit Zip Code: 4830
  • Zip Code: 01841

Valuation

    Tax

  • Tax Year: 2024
  • Tax Amount: $423,700

    Appraisal Valuation

  • Standard Deviation: 0.1579
  • Valuation Date: Mar 06, 2024
  • Confidence Score: 80
  • Final Value: 561,337
  • High Value: 650,003
  • Low Value: 472,672

    Assessments Valuation

  • Assessed Year: 2024
  • Assessed Total Value: $458,000
  • Assessed Land Value: $117,600
  • Assessed Improvements Value: $340,400

    Sales

  • Current Sale Recording Date: Jan 30, 2015
  • Current Sale Price:
    Premium
  • Current Sale Document Type: O
  • Current Sale Input Document Number: 2149
  • Previous Sale Recording Date: May 12, 2005
  • 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 Tower Hill

Stats & Trends

Median Asking:

$629,900

Sale Price/ft²

$294

Below Asking

0.01%

Average Days on Market

71

Average Home Size

2548 ft²

Average Home Age

125 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

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Last Updated: 4 months ago
Data Source: MLS PIN, MLS# 71739168

Frequently Asked Questions

When was property at 462 Riverside Drive built and last sold?
The property at 462 Riverside Drive was built in 1986 and last sold on Jan 1, 1970 for $218,000.
How much is this home worth?
The estimated value of the home located at 462 Riverside Drive is $240,313.
What are some comparable homes to 462 Riverside Drive?
There are currently no comparable homes to 462 Riverside Drive.
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