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Lawrence 01841 Tower Hill
479 Riverside Drive
$219,000
● House - Off Market

479 Riverside Drive

Lawrence, MA 01841
bedrooms
3 Beds
bathrooms
2 Baths
square feet
1,800 Ft²
$382,904
RealtyHop Estimate
66.55%
Since Mar 1, 2017
National-US
Primary Model

About This Property

Great opportunity to own this lovely well maintained 3 bedroom Ranch. Property has lots to offer with a finished lower level, possible a 4th bedroom, full bath and Laundry area with plenty of storage. First floor offers tiled kitchen with beautiful tile back splash, huge living room, spacious bedrooms, full bath and gleaming hardwood floors.   Newer roof, windows and attached garage. Lead compliance certificate on hand. Nothing to do but move in.
Unit Size
1,800 Ft²
Days on Market
-
Land Size
0.12 acres
Price per sqft
$128
Property Type
House
Property Taxes
$184
HOA Dues
-
Year Built
1964

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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 #72038518)

Price History

Date / Event Date Event Price
Jul 15, 2021 Sold
Premium
Sold
May 27, 2021 Listed by Guevara Realty $315,000
Listed by Guevara Realty
Feb 6, 2017 Sold
Premium
Sold
Jul 14, 2016 Listed by Guevara Realty $229,900
Listed by Guevara Realty
Feb 27, 2015 Sold
Premium
Sold
Show More

Property Highlights

Parking Available
Garage

Building Info

Overview

    General

  • Year Built: 1964
  • Effective Year Built: 1964
  • 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: 0
  • Building Style: 11
  • Exterior Walls Type: 19
  • 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: 5,320
  • Total Building Area: 1,000
  • Gross Building Area: 1,832
  • Building Area: 1,000
  • Building Area Measurement: L

    Heating and Cooling

  • Air Conditioning: 0
  • Heating: 10
  • Heated Square Feet: 1,000
  • Heating Fuel Type: 6

    Utilities

  • Sewer System: 0
  • Water Service: 0

Building

  • Building Type: 0
  • Property Class: R
  • Land Acres: 0000000122
  • 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: 225 0000 0030 A
  • Parcel: LAWR M:0225 B:0000 L:0030
  • Lot: 30
  • Municipality: LAWRENCE
  • Latitude: 42.6969
  • Longitude: -71.1853

    Address

  • Full Address: 479 Riverside Dr
  • Address - House Number: 479
  • Address - Street Name: Riverside
  • Address - Suffix Type: Dr
  • State: MA
  • City Name: Lawrence
  • Carrier Code: C010
  • 4-Digit Zip Code: 4827
  • Zip Code: 01841

Valuation

    Tax

  • Tax Year: 2024
  • Tax Amount: $331,400

    Appraisal Valuation

  • Standard Deviation: 0.1896
  • Valuation Date: Mar 06, 2024
  • Confidence Score: 80
  • Final Value: 444,682
  • High Value: 514,921
  • Low Value: 374,442

    Assessments Valuation

  • Assessed Year: 2024
  • Assessed Total Value: $358,300
  • Assessed Land Value: $119,700
  • Assessed Improvements Value: $238,600

    Sales

  • Current Sale Contract Date: Jul 15, 2021
  • Current Sale Recording Date: Jul 15, 2021
  • Current Sale Price:
    Premium
  • Current Sale Document Type: O
  • Current Sale Input Document Number: 125329
  • Previous Sale Recording Date: Feb 06, 2017
  • Previous Sale Contract Date: Feb 03, 2017
  • Previous Sale Amount: $219,000
  • 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 Tower Hill

Stats & Trends

Median Asking:

$629,900

Sale Price/ft²

$294

Below Asking

0.01%

Average Days on Market

71

Average Home Size

4670 ft²

Average Home Age

118 years

Currently For Sale

11 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

Rentals Near You

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Last Updated: 4 months ago
Data Source: MLS PIN, MLS# 72038518

Frequently Asked Questions

When was property at 479 Riverside Drive built and last sold?
The property at 479 Riverside Drive was built in 1964 and last sold on Jul 15, 2021 for $326,000.
How much is this home worth?
The estimated value of the home located at 479 Riverside Drive is $319,437.
What are some comparable homes to 479 Riverside Drive?
There are currently no comparable homes to 479 Riverside Drive.
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