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Methuen Town 01844
884 Riverside Drive
$335,000
● House - Off Market

884 Riverside Drive

Methuen, MA 01844
bedrooms
3 Beds
bathrooms
1 Bath
square feet
1,474 Ft²
$491,734
RealtyHop Estimate
51.30%
Since Aug 1, 2018
National-US
Primary Model

About This Property

Welcome Home! Ranch w 3 BR's 1 Bath, Open Kitchen & Dining Area, Laminate Flooring, All Appliances included, LR with Fire Place & Hardwood Floors, Generous Size Bedrooms all w Harwood Floors, Full Bath w new vanity, and sink.  All windows are Brand new w warranty transfer to Buyer. Enormous Basement For Storage, Washer & Dryer included, New Tankless Hot Water Tank, Brand New Central Air unit, 1 Car Garage Direct entry into the Kitchen, Nice landscaped yard, completely fenced in, deck, patio area w fire pit! Great Commuter Location, Walking Distance to the Riverside Park & Walk Way, Close to Shopping & Restaurants!
Unit Size
1,474 Ft²
Days on Market
-
Land Size
-
Price per sqft
$220
Property Type
House
Property Taxes
$151
HOA Dues
-
Year Built
1950

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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 #72354682)

Price History

Date / Event Date Event Price
Jul 31, 2018 Sold
Premium
Sold
Jun 27, 2018 Listed by Coco Early & Associates Windham Division LLC $325,000
Listed by Coco Early & Associates Windham Division LLC
Sep 4, 2015 Sold
Premium
Sold
May 7, 2015 Listed by Coco Early & Associates Windham Division LLC $274,900
Listed by Coco Early & Associates Windham Division LLC
Mar 29, 2010 Sold
Premium
Sold
Show More

Property Highlights

Garage
Parking Available
Air Conditioning
Fireplace

Building Info

Overview

    General

  • Year Built: 1950
  • Effective Year Built: 1950
  • Building Count: 1
  • Total Rooms: 5
  • Bedroom Count: 3
  • Bathroom Count: 1
  • Full Bathrooms: 1
  • Partial Bathrooms: 1
  • Building Condition: 3
  • Building Quality: 0
  • Construction Type: 6
  • Building Style: 11
  • Exterior Walls Type: 19
  • 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: 1,366
  • Garage Type: 1
  • Parking Space Count: 1
  • Patio Type: 0
  • Porch Type: 0
  • Pool Type: 8

    Dimensions

  • Lot Size Square Feet: 7,314
  • Total Building Area: 1,366
  • Gross Building Area: 3,308
  • Building Area: 1,366
  • Building Area Measurement: L

    Heating and Cooling

  • Fireplace Count: 1
  • Air Conditioning: 0
  • Heating: 4
  • Heated Square Feet: 1,366
  • Heating Fuel Type: 3

    Utilities

  • Sewer System: 0
  • Water Service: 0

Building

  • Building Type: 0
  • Property Class: R
  • Subdivision: METHUEN
  • Land Acres: 0000000168
  • 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: 3490
  • Parcel: METH M:00618 B:00162 L:00047
  • Block: 162
  • Lot: 47
  • Municipality: METHUEN
  • Latitude: 42.7009
  • Longitude: -71.1951

    Address

  • Full Address: 884 Riverside Dr
  • Address - House Number: 884
  • Address - Street Name: Riverside
  • Address - Suffix Type: Dr
  • State: MA
  • City Name: Methuen
  • Carrier Code: C047
  • 4-Digit Zip Code: 7312
  • Zip Code: 01844

Valuation

    Tax

  • Tax Year: 2023
  • Tax Amount: $488,500

    Appraisal Valuation

  • Standard Deviation: 0.1817
  • Valuation Date: Jan 17, 2024
  • Confidence Score: 76
  • Final Value: 512,940
  • High Value: 606,187
  • Low Value: 419,693

    Assessments Valuation

  • Assessed Year: 2023
  • Assessed Total Value: $417,500
  • Assessed Land Value: $161,600
  • Assessed Improvements Value: $255,900

    Sales

  • Current Sale Recording Date: Jul 31, 2018
  • Current Sale Price:
    Premium
  • Current Sale Document Type: O
  • Current Sale Input Document Number: 18336
  • Previous Sale Recording Date: Sep 04, 2015
  • Previous Sale Amount: $267,000
  • 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 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# 72354682

Frequently Asked Questions

When was property at 884 Riverside Drive built and last sold?
The property at 884 Riverside Drive was built in 1950 and last sold on Jan 1, 1970 for $331,000.
How much is this home worth?
The estimated value of the home located at 884 Riverside Drive is $335,219.
What are some comparable homes to 884 Riverside Drive?
There are currently no comparable homes to 884 Riverside Drive.
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