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Methuen Town 01844
832 Riverside Drive
$380,000
● House - Off Market

832 Riverside Drive

Methuen, MA 01844
bedrooms
3 Beds
bathrooms
2 Baths
square feet
2,116 Ft²
$514,439
RealtyHop Estimate
41.33%
Since Jun 1, 2020
National-US
Primary Model

About This Property

Don't Miss this Outstanding 3 Bedroom Cape featuring 2nd floor Master Suite w/walk-in closet, sitting area and home office or exercise area. 1st Floor offers an Entertaining size Living rm w/fireplace, Open concept Kitchen to Dining room, full Bath and 2 additional Bedrooms.  Need more space? Entertain in the oversized lower level Great Room with 3/4 Bath. Walk right out to the unbelievable back yard overlooking the Merrimack River.  Plenty of off street parking plus garage under. This home is just minutes to commuter rail, shopping, highways, parks and more!
Unit Size
2,116 Ft²
Days on Market
-
Land Size
0.32 acres
Price per sqft
$172
Property Type
House
Property Taxes
$343
HOA Dues
-
Year Built
1940

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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 #72637464)

Price History

Date / Event Date Event Price
May 22, 2020 Sold
Premium
Sold
Mar 24, 2020 Listed by RE/MAX Insight $364,000
Listed by RE/MAX Insight
Jan 20, 2011 Sold
Premium
Sold
Sep 20, 2010 Listed by RE/MAX Insight $154,900
Listed by RE/MAX Insight
Nov 17, 1999 Sold
Premium
Sold
Show More

Property Highlights

Parking Available
Garage
Fireplace

Building Info

Overview

    General

  • Year Built: 1940
  • Effective Year Built: 1940
  • Building Count: 1
  • Total Rooms: 4
  • Bedroom Count: 2
  • Bathroom Count: 2
  • Full Bathrooms: 2
  • Partial Bathrooms: 2
  • Building Condition: 6
  • Building Quality: 0
  • Construction Type: 6
  • Building Style: 4
  • Exterior Walls Type: 18
  • Interior Walls Type: 0
  • Roof Shape Type: 1
  • Roof Cover Type: 15
  • Floor Count: 100
  • Living Units: 1
  • Floor Cover: 0
  • Basement Type: 7
  • Basement Area: 1,144
  • Garage Type: 17
  • Parking Space Count: 1
  • Patio Type: 0
  • Porch Type: 0
  • Pool Type: 0

    Dimensions

  • Lot Size Square Feet: 13,909
  • Total Building Area: 2,116
  • Gross Building Area: 3,464
  • Building Area: 2,116
  • Building Area Measurement: L

    Heating and Cooling

  • Fireplace Count: 1
  • Air Conditioning: 0
  • Heating: 10
  • Heated Square Feet: 2,116
  • Heating Fuel Type: 3

    Utilities

  • Sewer System: 0
  • Water Service: 0

Building

  • Building Type: 0
  • Property Class: R
  • Subdivision: BELMONT PARK PLAN 232
  • Land Acres: 0000000319
  • 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: 252101

Zoning

  • Zoning: RG

Geography

  • Account Number: 10692
  • Parcel: METH M:00618 B:00162 L:00065
  • Block: 162
  • Lot: 65
  • Municipality: METHUEN
  • Latitude: 42.7004
  • Longitude: -71.1932

    Address

  • Full Address: 832 Riverside Dr
  • Address - House Number: 832
  • Address - Street Name: Riverside
  • Address - Suffix Type: Dr
  • State: MA
  • City Name: Methuen
  • Carrier Code: C047
  • 4-Digit Zip Code: 7310
  • Zip Code: 01844

Valuation

    Tax

  • Tax Year: 2023
  • Tax Amount: $494,800

    Appraisal Valuation

  • Standard Deviation: 0.1817
  • Valuation Date: Jan 17, 2024
  • Confidence Score: 76
  • Final Value: 541,693
  • High Value: 640,166
  • Low Value: 443,219

    Assessments Valuation

  • Assessed Year: 2023
  • Assessed Total Value: $422,900
  • Assessed Land Value: $177,400
  • Assessed Improvements Value: $245,500

    Sales

  • Current Sale Contract Date: May 13, 2020
  • Current Sale Recording Date: May 22, 2020
  • Current Sale Price:
    Premium
  • Current Sale Document Type: O
  • Current Sale Input Document Number: 12129
  • Previous Sale Recording Date: Jan 20, 2011
  • Previous Sale Amount: $152,500
  • 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

$326

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# 72637464

Frequently Asked Questions

When was property at 832 Riverside Drive built and last sold?
The property at 832 Riverside Drive was built in 1940 and last sold on May 13, 2020 for $380,000.
How much is this home worth?
The estimated value of the home located at 832 Riverside Drive is $384,807.
What are some comparable homes to 832 Riverside Drive?
There are currently no comparable homes to 832 Riverside Drive.
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