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Methuen Town 01844
898 Riverside Dr
$350,000
● House - Off Market

898 Riverside Dr

Methuen, MA 01844
bedrooms
2 Beds
bathrooms
1 Bath
square feet
792 Ft²
$377,551
RealtyHop Estimate
14.44%
Since Sep 1, 2021
National-US
Primary Model

About This Property

Looking to buy your first home or down size...this is it!  Perfect opportunity in Fabulous Methuen location.   Offering Gleaming hardwood flooring, large eat in kitchen,  freshly painted interior,  huge detached garage.  Enjoy your beautiful fenced in back  yard that would be perfect for outdoor entertaining.  Close to shopping, public transportation, easy access to highways and park.  FHA/VA buyers welcome! Highest & Best due by Tuesday 6/29/21 by 6pm.
Unit Size
792 Ft²
Days on Market
-
Land Size
0.25 acres
Price per sqft
$417
Property Type
House
Property Taxes
$278
HOA Dues
-
Year Built
1947

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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: 5 years ago (MLSPIN #72856779)

Price History

Date / Event Date Event Price
Aug 12, 2021 Sold
Premium
Sold
Jun 25, 2021 Listed by Home Realty Group LLC $329,900
Listed by Home Realty Group LLC

Property Highlights

Garage
Parking Available

Building Info

Overview

    General

  • Year Built: 1947
  • Effective Year Built: 1953
  • Building Count: 1
  • Total Rooms: 4
  • Bedroom Count: 2
  • 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: 792
  • Garage Type: 4
  • Parking Space Count: 1
  • Patio Type: 0
  • Porch Type: 0
  • Pool Type: 0

    Dimensions

  • Lot Size Square Feet: 11,099
  • Total Building Area: 792
  • Gross Building Area: 1,715
  • Building Area: 792
  • Building Area Measurement: L

    Heating and Cooling

  • Air Conditioning: 0
  • Heating: 18
  • Heated Square Feet: 792
  • Heating Fuel Type: 6

    Utilities

  • Sewer System: 0
  • Water Service: 0

Building

  • Building Type: 0
  • Property Class: R
  • Land Acres: 0000000255
  • 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: 10477
  • Parcel: METH M:00518 B:00162 L:00045
  • Block: 162
  • Lot: 45
  • Municipality: METHUEN
  • Latitude: 42.7008
  • Longitude: -71.1964

    Address

  • Full Address: 898 Riverside Dr
  • Address - House Number: 898
  • Address - Street Name: Riverside
  • Address - Suffix Type: Dr
  • State: MA
  • City Name: Methuen
  • Carrier Code: C047
  • 4-Digit Zip Code: 7320
  • Zip Code: 01844

Valuation

    Tax

  • Tax Year: 2023
  • Tax Amount: $408,300

    Appraisal Valuation

  • Standard Deviation: 0.1874
  • Valuation Date: Jan 17, 2024
  • Confidence Score: 75
  • Final Value: 415,529
  • High Value: 493,426
  • Low Value: 337,632

    Assessments Valuation

  • Assessed Year: 2023
  • Assessed Total Value: $349,000
  • Assessed Land Value: $170,600
  • Assessed Improvements Value: $178,400

    Sales

  • Current Sale Contract Date: Aug 12, 2021
  • Current Sale Recording Date: Aug 12, 2021
  • Current Sale Price:
    Premium
  • Current Sale Document Type: O
  • Current Sale Input Document Number: 27142
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

$325

Below Asking

0.01%

Average Days on Market

53

Average Home Size

2194 ft²

Average Home Age

55.1 years

Currently For Sale

76 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: 5 years ago
Data Source: MLS PIN, MLS# 72856779

Frequently Asked Questions

When was property at 898 Riverside Drive built and last sold?
The property at 898 Riverside Drive was built in 1947 and last sold on Aug 12, 2021 for $350,000.
How much is this home worth?
The estimated value of the home located at 898 Riverside Drive is $333,077.
What are some comparable homes to 898 Riverside Drive?
There are currently no comparable homes to 898 Riverside Drive.
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