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Methuen Town 01844
53 Riverview Ave
$590,000
● House - Off Market

53 Riverview Ave

Methuen, MA 01844
bedrooms
4 Beds
bathrooms
2 Baths, 1 Half Bath
square feet
1,800 Ft²
$600,798
RealtyHop Estimate
4.49%
Since Mar 1, 2023
National-US
Primary Model

About This Property

** Multiple offers received, offer deadline 4pm Tuesday November 29 ** When opportunity knocks, will you answer? Check out this garrison colonial at the end of a quiet cul-de-sac in desirable West Methuen, and the Marsh School District. Some of the things you'll love are the hardwood floors on the first floor, updated vinyl windows throughout the home, an oversized 2 car garage, big back yard with an above ground pool, main floor laundry area, spacious deck for entertaining, newer high efficiency gas boiler, and solar panels that run just $100 a month for all of your power needs. Seller is able to accommodate a quick closing, so moving in before the holidays is a real possibility!
Unit Size
1,800 Ft²
Days on Market
-
Land Size
0.57 acres
Price per sqft
$319
Property Type
House
Property Taxes
$494
HOA Dues
-
Year Built
1989

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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 #73060592)

Price History

Date / Event Date Event Price
Feb 28, 2023 Sold
Premium
Sold
Dec 2, 2022 In contract -
In contract
Nov 24, 2022 Listed by RE/MAX Prof Associates $575,000
Listed by RE/MAX Prof Associates
Nov 30, 2009 Sold
Premium
Sold
Sep 17, 2009 Listed by RE/MAX Prof Associates $379,900
Listed by RE/MAX Prof Associates
Show More

Property Highlights

Garage
Parking Available

Building Info

Overview

    General

  • Year Built: 1989
  • Effective Year Built: 1989
  • Building Count: 1
  • Total Rooms: 8
  • Bedroom Count: 4
  • Bathroom Count: 3
  • Full Bathrooms: 2
  • Partial Bathrooms: 3
  • Building Condition: 3
  • Building Quality: 0
  • Construction Type: 6
  • Building Style: 5
  • 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: 7
  • Basement Area: 864
  • Garage Type: 1
  • Parking Space Count: 1
  • Patio Type: 0
  • Porch Type: 0
  • Pool Type: 12

    Dimensions

  • Lot Size Square Feet: 24,999
  • Total Building Area: 1,800
  • Gross Building Area: 3,288
  • Building Area: 1,800
  • Building Area Measurement: L

    Heating and Cooling

  • Air Conditioning: 0
  • Heating: 10
  • Heated Square Feet: 1,800
  • Heating Fuel Type: 3

    Utilities

  • Sewer System: 0
  • Water Service: 0

Building

  • Building Type: 0
  • Property Class: R
  • Land Acres: 0000000574
  • Standard Land Use Code: 1001
  • County Land Use Code: 101

Neighborhood

  • School District Name: Methuen School District
  • School Tax School District: METHUEN SD
  • Census Tract: 252102

Zoning

  • Zoning: RB

Geography

  • Account Number: 14718
  • Parcel: METH M:00315 B:00129B L:00024C
  • Block: 129B
  • Lot: 24C
  • Municipality: METHUEN
  • Latitude: 42.7132
  • Longitude: -71.2235

    Address

  • Full Address: 53 Riverview Ave
  • Address - House Number: 53
  • Address - Street Name: Riverview
  • Address - Suffix Type: Ave
  • State: MA
  • City Name: Methuen
  • Carrier Code: R012
  • 4-Digit Zip Code: 1909
  • Zip Code: 01844

Valuation

    Tax

  • Tax Year: 2023
  • Tax Amount: $633,800

    Appraisal Valuation

  • Standard Deviation: 0.1712
  • Valuation Date: Jan 17, 2024
  • Confidence Score: 78
  • Final Value: 626,966
  • High Value: 734,323
  • Low Value: 519,610

    Assessments Valuation

  • Assessed Year: 2023
  • Assessed Total Value: $541,700
  • Assessed Land Value: $212,500
  • Assessed Improvements Value: $329,200

    Sales

  • Current Sale Contract Date: Feb 28, 2023
  • Current Sale Recording Date: Feb 28, 2023
  • Current Sale Price:
    Premium
  • Current Sale Document Type: O
  • Current Sale Input Document Number: 2874
  • Previous Sale Recording Date: Nov 30, 2009
  • Previous Sale Amount: $372,000
  • 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 Methuen Town

Stats & Trends

Median Asking:

$599,900

Sale Price/ft²

$325

Below Asking

0.01%

Average Days on Market

52

Average Home Size

2195 ft²

Average Home Age

55.4 years

Currently For Sale

69 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

Click here to view more rentals in the neighborhood.
Last Updated: 4 months ago
Data Source: MLS PIN, MLS# 73060592

Frequently Asked Questions

When was property at 53 Riverview Avenue built and last sold?
The property at 53 Riverview Avenue was built in 1989 and last sold on Feb 28, 2023 for $590,000.
How much is this home worth?
The estimated value of the home located at 53 Riverview Avenue is $570,647.
What are some comparable homes to 53 Riverview Avenue?
There are currently no comparable homes to 53 Riverview Avenue.
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