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Saugus 01906 Lynnhurst
61 Riverbank Road
$560,000
● House - Off Market

61 Riverbank Road

Saugus, MA 01906
bedrooms
3 Beds
bathrooms
1 Bath
square feet
1,440 Ft²
$522,484
RealtyHop Estimate
-1.04%
Since Oct 1, 2023
MA-Boston
Primary Model

About This Property

Welcoming 6 room 3 bedroom Cape Cod style home boasting great, open concept living room, dining area and updated kitchen featuring maple cabinets, granite counter tops and newer stainless steel appliances, desirable and sunny first floor family room with walls of windows overlooking yard, convenient 1st floor bedroom and full nicely updated bath complete the first level.  Second level features two additional bedrooms with ample closet space.  Two finished rooms in the lower level and additional area for future expansion.  Hardwood flooring throughout, security system, vinyl replacement windows, circular driveway, nicely manicured fenced yard with deck, storage shed, portable bar, patio area with firepit & newer above ground pool, just in time for summer enjoyment!  Conveniently located just outside of Saugus Center.
Unit Size
1,440 Ft²
Days on Market
-
Land Size
0.29 acres
Price per sqft
$367
Property Type
House
Property Taxes
$484
HOA Dues
-
Year Built
1936

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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 #73142799)

Price History

Date / Event Date Event Price
Sep 14, 2023 Sold
Premium
Sold
Aug 8, 2023 In contract -
In contract
Aug 1, 2023 Listed by Carpenito Real Estate, Inc. $528,000
Listed by Carpenito Real Estate, Inc.
May 30, 2014 Sold
Premium
Sold
Mar 12, 2014 Listed by Carpenito Real Estate, Inc. $339,900
Listed by Carpenito Real Estate, Inc.
Show More

Property Highlights

Parking Available

Building Info

Overview

    General

  • Year Built: 1936
  • Effective Year Built: 1936
  • Building Count: 1
  • Total Rooms: 6
  • Bedroom Count: 2
  • Bathroom Count: 1
  • Full Bathrooms: 1
  • Partial Bathrooms: 1
  • Building Condition: 6
  • Building Quality: 0
  • Construction Type: 6
  • Building Style: 4
  • 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: 2
  • Basement Area: 1,050
  • Garage Type: 0
  • Parking Space Count: 0
  • Patio Type: 0
  • Porch Type: 0
  • Pool Type: 0

    Dimensions

  • Lot Size Square Feet: 12,794
  • Total Building Area: 1,440
  • Gross Building Area: 3,060
  • Building Area: 1,440
  • Building Area Measurement: L

    Heating and Cooling

  • Air Conditioning: 0
  • Heating: 10
  • Heated Square Feet: 1,440
  • Heating Fuel Type: 6

    Utilities

  • Sewer System: 0
  • Water Service: 0

Building

  • Building Type: 0
  • Property Class: R
  • Land Acres: 0000000294
  • Standard Land Use Code: 1001
  • County Land Use Code: 101

Neighborhood

  • School District Name: Saugus School District
  • School Tax School District: SAUGUS SD
  • Census Tract: 208302

Zoning

  • Zoning: NA

Geography

  • Account Number: 1217012
  • Parcel: SAUG M:009-F B:0002 L:0013
  • Block: 2
  • Lot: 13
  • Municipality: SAUGUS
  • Latitude: 42.4662
  • Longitude: -71.0044

    Address

  • Full Address: 61 Riverbank Rd
  • Address - House Number: 61
  • Address - Street Name: Riverbank
  • Address - Suffix Type: Rd
  • State: MA
  • City Name: Saugus
  • Carrier Code: C019
  • 4-Digit Zip Code: 2269
  • Zip Code: 01906

Valuation

    Tax

  • Tax Year: 2024
  • Tax Amount: $602,800

    Appraisal Valuation

  • Standard Deviation: 0.1813
  • Valuation Date: Mar 06, 2024
  • Confidence Score: 76
  • Final Value: 614,475
  • High Value: 725,883
  • Low Value: 503,067

    Assessments Valuation

  • Assessed Year: 2024
  • Assessed Total Value: $566,000
  • Assessed Land Value: $334,100
  • Assessed Improvements Value: $231,900

    Sales

  • Current Sale Contract Date: Sep 14, 2023
  • Current Sale Recording Date: Sep 14, 2023
  • Current Sale Price:
    Premium
  • Current Sale Document Type: O
  • Current Sale Input Document Number: 20230914002020
  • Previous Sale Recording Date: May 30, 2014
  • Previous Sale Amount: $328,000
  • 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 Lynnhurst

Stats & Trends

Median Asking:

$627,400

Sale Price/ft²

$403

Below Asking

0.01%

Average Days on Market

61

Average Home Size

3529 ft²

Average Home Age

34.2 years

Currently For Sale

9 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# 73142799

Frequently Asked Questions

When was property at 61 Riverbank Road built and last sold?
The property at 61 Riverbank Road was built in 1936 and last sold on Sep 14, 2023 for $560,000.
How much is this home worth?
The estimated value of the home located at 61 Riverbank Road is $523,901.
What are some comparable homes to 61 Riverbank Road?
There are currently no comparable homes to 61 Riverbank Road.
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