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Methuen Town 01844
889 Riverside Dr
$390,000
● House - Off Market

889 Riverside Dr

Methuen, MA 01844
bedrooms
3 Beds
bathrooms
1 Bath
square feet
1,092 Ft²
$405,290
RealtyHop Estimate
5.30%
Since Mar 1, 2022
National-US
Primary Model

About This Property

Tidy 3 bedroom ranch with one car garage under. The interior features hardwood floors and a fireplace in the living room. Updated eat-in kitchen with SS appliances and granite counters.  The bathroom has been updated as well. Central Air!  Recent interior and exterior paint.  Landscaping and retaining walls are new.  The basement has laundry hookups and the potential to be finished.   Well maintained and in a great spot for commuters with nice proximity to major routes and area conveniences.
Unit Size
1,092 Ft²
Days on Market
-
Land Size
0.11 acres
Price per sqft
$352
Property Type
House
Property Taxes
$330
HOA Dues
-
Year Built
1960

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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: 4 months ago (MLSPIN #72914878)

Price History

Date / Event Date Event Price
Feb 1, 2022 Sold
Premium
Sold
Nov 1, 2021 Listed by Redfin Corp. $384,900
Listed by Redfin Corp.
Oct 25, 2021 Sold
Premium
Sold
Sep 9, 2021 Listed by Redfin Corp. $359,900
Listed by Redfin Corp.
May 19, 2017 Sold
Premium
Sold
Show More

Property Highlights

Garage
Parking Available
Air Conditioning
Fireplace

Building Info

Overview

    General

  • Year Built: 1960
  • Effective Year Built: 1960
  • 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: 18
  • Interior Walls Type: 0
  • Roof Shape Type: 8
  • Roof Cover Type: 15
  • Floor Count: 100
  • Living Units: 1
  • Floor Cover: 0
  • Basement Type: 7
  • Basement Area: 1,092
  • Garage Type: 17
  • Parking Space Count: 1
  • Patio Type: 0
  • Porch Type: 0
  • Pool Type: 0

    Dimensions

  • Lot Size Square Feet: 4,805
  • Total Building Area: 1,092
  • Gross Building Area: 2,378
  • Building Area: 1,092
  • Building Area Measurement: L

    Heating and Cooling

  • Fireplace Count: 1
  • Air Conditioning: 13
  • Heating: 10
  • Heated Square Feet: 1,092
  • Heating Fuel Type: 6

    Utilities

  • Sewer System: 0
  • Water Service: 0

Building

  • Building Type: 0
  • Property Class: R
  • Subdivision: GLEN FOREST METHUEN
  • Land Acres: 0000000110
  • 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: 13472
  • Parcel: METH M:00618 B:00161 L:00010A
  • Block: 161
  • Lot: 10A
  • Municipality: METHUEN
  • Latitude: 42.7013
  • Longitude: -71.1951

    Address

  • Full Address: 889 Riverside Dr
  • Address - House Number: 889
  • Address - Street Name: Riverside
  • Address - Suffix Type: Dr
  • State: MA
  • City Name: Methuen
  • Carrier Code: C047
  • 4-Digit Zip Code: 7318
  • Zip Code: 01844

Valuation

    Tax

  • Tax Year: 2023
  • Tax Amount: $451,600

    Appraisal Valuation

  • Standard Deviation: 0.1817
  • Valuation Date: Jan 17, 2024
  • Confidence Score: 76
  • Final Value: 458,209
  • High Value: 541,506
  • Low Value: 374,912

    Assessments Valuation

  • Assessed Year: 2023
  • Assessed Total Value: $386,000
  • Assessed Land Value: $155,500
  • Assessed Improvements Value: $230,500

    Sales

  • Current Sale Contract Date: Feb 01, 2022
  • Current Sale Recording Date: Feb 01, 2022
  • Current Sale Price:
    Premium
  • Current Sale Document Type: O
  • Current Sale Input Document Number: 2801
  • Previous Sale Recording Date: Oct 25, 2021
  • Previous Sale Contract Date: Oct 22, 2021
  • Previous Sale Amount: $389,000
  • 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

53

Average Home Size

2221 ft²

Average Home Age

56.1 years

Currently For Sale

74 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# 72914878

Frequently Asked Questions

When was property at 889 Riverside Drive built and last sold?
The property at 889 Riverside Drive was built in 1960 and last sold on Feb 1, 2022 for $390,000.
How much is this home worth?
The estimated value of the home located at 889 Riverside Drive is $385,496.
What are some comparable homes to 889 Riverside Drive?
There are currently no comparable homes to 889 Riverside Drive.
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