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Hillsborough 03054
8 Riley Lane
$410,000
● House - Off Market

8 Riley Lane

Merrimack, NH 03054
bedrooms
5 Beds
bathrooms
2 Baths, 1 Half Bath
square feet
2,724 Ft²
$768,145
RealtyHop Estimate
86.44%
Since Feb 1, 2015
National-US
Primary Model

About This Property

Original owners.....1st time on the market.  Fabulous 4 bedroom colonial with additional bonus room or 5th bedroom on the 3rd floor.  Soaring cathedral ceiling, palladium window and fireplace wall flanked by bookcases sets the tone for the family room. The kitchen w/ maple cabinets & tile flooring opens to a 40' patio with a built in fire pit.  There is also room for expansion in the unfinished walkout lower level. Other amenities include Generator hook-up, central AC and irrigation. This home tucked into an existing neighborhood yet conveniently located for highway access, schools and shopping.
Unit Size
2,724 Ft²
Days on Market
-
Land Size
-
Price per sqft
$151
Property Type
House
Property Taxes
$697
HOA Dues
-
Year Built
2000

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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: 6 months ago (MLSPIN #71761266)

Price History

Date / Event Date Event Price
Aug 4, 2020 Sold
Premium
Sold
Jun 3, 2020 Listed by Keller Williams Realty $495,000
Listed by Keller Williams Realty
Jan 9, 2015 Sold
Premium
Sold
Oct 24, 2014 Listed by Keller Williams Realty $412,000
Listed by Keller Williams Realty

Property Highlights

Garage
Parking Available
Air Conditioning
Fireplace

Building Info

Overview

    General

  • Year Built: 2000
  • Effective Year Built: 2000
  • Building Count: 1
  • 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: 19
  • Interior Walls Type: 0
  • Roof Shape Type: 1
  • Roof Cover Type: 15
  • Floor Count: 300
  • Living Units: 1
  • Floor Cover: 0
  • Basement Type: 7
  • Basement Area: 1,292
  • Garage Type: 1
  • Parking Space Count: 2
  • Patio Type: 0
  • Porch Type: 0
  • Pool Type: 0

    Dimensions

  • Lot Size Square Feet: 22,956
  • Total Building Area: 3,335
  • Gross Building Area: 6,373
  • Building Area: 3,335
  • Building Area Measurement: L

    Heating and Cooling

  • Fireplace Count: 1
  • Air Conditioning: 13
  • Heating: 4
  • Heated Square Feet: 3,335
  • Heating Fuel Type: 3

    Utilities

  • Sewer System: 0
  • Water Service: 0

Building

  • Building Type: 0
  • Property Class: R
  • Land Acres: 0000000527
  • Standard Land Use Code: 1001
  • County Land Use Code: 101

Neighborhood

  • School District Name: Merrimack School District
  • School Tax School District: MERRIMACK
  • Census Tract: 014302

Zoning

  • Zoning: RESIDE

Geography

  • Assessors Map Reference: 4C
  • Parcel: MRMK M:0004C L:000047 S:000025
  • Lot: 47
  • Municipality: MERRIMACK
  • Latitude: 42.8541
  • Longitude: -71.5209

    Address

  • Full Address: 8 Riley Ln
  • Address - House Number: 8
  • Address - Street Name: Riley
  • Address - Suffix Type: Ln
  • State: NH
  • City Name: Merrimack
  • Carrier Code: R002
  • 4-Digit Zip Code: 3963
  • Zip Code: 03054

Valuation

    Tax

  • Tax Year: 2023
  • Tax Amount: $1,067,800
  • Initial Tax Delinquent Year: 2022

    Appraisal Valuation

  • Standard Deviation: 0.1356
  • Valuation Date: Jan 03, 2024
  • Confidence Score: 84
  • Final Value: 727,010
  • High Value: 825,663
  • Low Value: 628,357

    Assessments Valuation

  • Assessed Year: 2023
  • Assessed Total Value: $549,000
  • Assessed Land Value: $208,500
  • Assessed Improvements Value: $340,500

    Sales

  • Current Sale Contract Date: Aug 03, 2020
  • Current Sale Recording Date: Aug 04, 2020
  • Current Sale Price:
    Premium
  • Current Sale Document Type: 71
  • Current Sale Input Document Number: 200041330
  • Previous Sale Recording Date: Jan 09, 2015
  • Previous Sale Amount: $410,000
  • Previous Sale Document Type: 71
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 Hillsborough

Stats & Trends

Median Asking:

$525,000

Sale Price/ft²

$214

Below Asking

0.01%

Average Days on Market

49

Average Home Size

3355 ft²

Average Home Age

58.8 years

Currently For Sale

679 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

Unit for rent at 93 Sentry, Merrimack, 03054

$2,700 /mo

  • 2 Beds
  • 1 Bath
  • 1,426 ft²
93 Sentry, Merrimack, 03054 Listing by Christine Anzalone
Unit for rent at 15 Merrill, Merrimack, 03054

$5,500 /mo

  • 6 Beds
  • 3 Baths
  • 4,986 ft²
15 Merrill, Merrimack, 03054 Listing by Luciane Ortis

Rentals Near You

Click here to view more rentals in the neighborhood.
Last Updated: 6 months ago
Data Source: MLS PIN, MLS# 71761266

Frequently Asked Questions

When was property at 8 Riley Lane built and last sold?
The property at 8 Riley Lane was built in 2000 and last sold on Aug 3, 2020 for $510,000.
How much is this home worth?
The estimated value of the home located at 8 Riley Lane is $507,988.
What are some comparable homes to 8 Riley Lane?
There are currently no comparable homes to 8 Riley Lane.
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