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Methuen Town 01844
899 Riverside Dr
$240,000
● House - Off Market

899 Riverside Dr

Methuen, MA 01844
bedrooms
2 Beds
bathrooms
1 Bath
square feet
936 Ft²
$383,196
RealtyHop Estimate
59.85%
Since Aug 1, 2017
National-US
Primary Model

About This Property

Come and see the value in this West Methuen home.  This cape has a newer hot air furnace & central air, newer electrical panel, updated kitchen, hardwood flooring, vinyl siding and replacement windows.  The second floor is unfinished just waiting for your future expansion possibilities.  If you have been watching the market, you know this will not be around long!  Make your appointment today.
Unit Size
936 Ft²
Days on Market
-
Land Size
0.10 acres
Price per sqft
$256
Property Type
House
Property Taxes
$234
HOA Dues
-
Year Built
1940

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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 #72178671)

Price History

Date / Event Date Event Price
Jul 26, 2017 Sold
Premium
Sold
Jun 8, 2017 Listed by Century 21 McLennan & Company $239,721
Listed by Century 21 McLennan & Company
Jul 13, 2015 Sold
Premium
Sold
Apr 23, 2015 Listed by Century 21 McLennan & Company $199,721
Listed by Century 21 McLennan & Company
Jul 22, 2011 Sold
Premium
Sold
Show More

Property Highlights

Parking Available
Air Conditioning

Building Info

Overview

    General

  • Year Built: 1940
  • Effective Year Built: 1940
  • Building Count: 1
  • Total Rooms: 5
  • Bedroom Count: 2
  • Bathroom Count: 1
  • Full Bathrooms: 1
  • Partial Bathrooms: 1
  • Building Condition: 6
  • Building Quality: 0
  • Construction Type: 6
  • Building Style: 4
  • 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: 936
  • Garage Type: 0
  • Parking Space Count: 0
  • Patio Type: 0
  • Porch Type: 0
  • Pool Type: 0

    Dimensions

  • Lot Size Square Feet: 4,173
  • Total Building Area: 936
  • Gross Building Area: 2,916
  • Building Area: 936
  • Building Area Measurement: L

    Heating and Cooling

  • Air Conditioning: 13
  • Heating: 4
  • Heated Square Feet: 936
  • Heating Fuel Type: 6

    Utilities

  • Sewer System: 0
  • Water Service: 0

Building

  • Building Type: 0
  • Property Class: R
  • Subdivision: GLEN FOREST
  • Land Acres: 0000000096
  • 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: 3260
  • Parcel: METH M:00618 B:00161 L:00005
  • Block: 161
  • Lot: 5
  • Municipality: METHUEN
  • Latitude: 42.7013
  • Longitude: -71.1961

    Address

  • Full Address: 899 Riverside Dr
  • Address - House Number: 899
  • 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: $360,000

    Appraisal Valuation

  • Standard Deviation: 0.1874
  • Valuation Date: Jan 17, 2024
  • Confidence Score: 75
  • Final Value: 396,295
  • High Value: 470,586
  • Low Value: 322,004

    Assessments Valuation

  • Assessed Year: 2023
  • Assessed Total Value: $307,700
  • Assessed Land Value: $154,000
  • Assessed Improvements Value: $153,700

    Sales

  • Current Sale Recording Date: Jul 26, 2017
  • Current Sale Price:
    Premium
  • Current Sale Document Type: O
  • Current Sale Input Document Number: 18997
  • Previous Sale Recording Date: Jul 13, 2015
  • Previous Sale Amount: $199,000
  • 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

$325

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

Currently no nearby rentals
Last Updated: 4 months ago
Data Source: MLS PIN, MLS# 72178671

Frequently Asked Questions

When was property at 899 Riverside Drive built and last sold?
The property at 899 Riverside Drive was built in 1940 and last sold on Jan 1, 1970 for $240,000.
How much is this home worth?
The estimated value of the home located at 899 Riverside Drive is $245,994.
What are some comparable homes to 899 Riverside Drive?
There are currently no comparable homes to 899 Riverside Drive.
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