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West Concord 01742
50 Riverside Ave
$829,000
● House - Off Market

50 Riverside Ave

Concord, MA 01742
bedrooms
3 Beds
bathrooms
1 Bath, 1 Half Bath
square feet
1,669 Ft²
$967,600
RealtyHop Estimate
7.52%
Since Jan 1, 2023
MA-Boston
Primary Model

About This Property

What a gem this lovely Colonial home located in Concord, a fantastic location for this 9 room, 3 bedroom, 1.5 bath home. Located on the main floor you will find the kitchen, living room, dining room, study/office, 1/2 bath, laundry and screened in porch for those warm summer days.  Head on up to the second floor to 3 nicely sized bedrooms with a full bathroom, an additional bonus room and office located on the 3rd floor attic. Hardwood floors throughout the whole home that will need to be refinished. The opportunities are endless! Come visit this lovely home and see all there is to offer and what possibities you can imagine for renovating. Just installed in the home are a 200 amp service and smoke detectors. The home is vacant and ready for immediate sale. Easy to show.
Unit Size
1,669 Ft²
Days on Market
-
Land Size
0.15 acres
Price per sqft
$539
Property Type
House
Property Taxes
$988
HOA Dues
-
Year Built
1910

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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 #73052946)

Price History

Date / Event Date Event Price
Dec 29, 2022 Sold
Premium
Sold
Nov 21, 2022 In contract -
In contract
Oct 28, 2022 Listed by Keller Williams Realty North Central $899,900
Listed by Keller Williams Realty North Central

Property Highlights

Parking Available

Building Info

Overview

    General

  • Year Built: 1910
  • Effective Year Built: 1960
  • Building Count: 1
  • Bedroom Count: 3
  • Bathroom Count: 2
  • Full Bathrooms: 1
  • Partial Bathrooms: 2
  • Building Condition: 6
  • Building Quality: 0
  • Construction Type: 0
  • Building Style: 16
  • Exterior Walls Type: 18
  • 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: 17
  • Parking Space Count: 0
  • Patio Type: 0
  • Porch Type: 0
  • Pool Type: 0

    Dimensions

  • Lot Size Square Feet: 6,320
  • Total Building Area: 1,669
  • Gross Building Area: 3,804
  • Building Area: 1,669
  • Building Area Measurement: L

    Heating and Cooling

  • Air Conditioning: 0
  • Heating: 10
  • Heated Square Feet: 1,669
  • Heating Fuel Type: 6

    Utilities

  • Sewer System: 0
  • Water Service: 0

Building

  • Building Type: 0
  • Property Class: R
  • Land Acres: 0000000145
  • Standard Land Use Code: 1001
  • County Land Use Code: 101

Neighborhood

  • School District Name: Concord School District
  • Census Tract: 361200

Zoning

  • Zoning: C

Geography

  • Account Number: 3701
  • Parcel: CONC M:10D B:2534
  • Block: 2534
  • Municipality: CONCORD
  • Latitude: 42.454
  • Longitude: -71.3935

    Address

  • Full Address: 50 Riverside Ave
  • Address - House Number: 50
  • Address - Street Name: Riverside
  • Address - Suffix Type: Ave
  • State: MA
  • City Name: Concord
  • Carrier Code: C019
  • 4-Digit Zip Code: 3020
  • Zip Code: 01742

Valuation

    Tax

  • Tax Year: 2024
  • Tax Amount: $1,300,000

    Appraisal Valuation

  • Standard Deviation: 0.1625
  • Valuation Date: Feb 07, 2024
  • Confidence Score: 79
  • Final Value: 1,044,352
  • High Value: 1,214,160
  • Low Value: 874,545

    Assessments Valuation

  • Assessed Year: 2024
  • Assessed Total Value: $990,100
  • Assessed Land Value: $510,100
  • Assessed Improvements Value: $480,000

    Sales

  • Current Sale Contract Date: Dec 28, 2022
  • Current Sale Recording Date: Dec 29, 2022
  • Current Sale Price:
    Premium
  • Current Sale Document Type: O
  • Current Sale Input Document Number: 188093

    Financing

  • First Mortgage Financing Type: ADJ
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 West Concord

Stats & Trends

Median Asking:

$1,198,000

Sale Price/ft²

$498

Below Asking

0.01%

Average Days on Market

58

Average Home Size

2901 ft²

Average Home Age

46.4 years

Currently For Sale

17 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# 73052946

Frequently Asked Questions

When was property at 50 Riverside Avenue built and last sold?
The property at 50 Riverside Avenue was built in 1910 and last sold on Dec 28, 2022 for $829,000.
How much is this home worth?
The estimated value of the home located at 50 Riverside Avenue is $905,476.
What are some comparable homes to 50 Riverside Avenue?
There are currently no comparable homes to 50 Riverside Avenue.
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