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Methuen Town 01844
907 Riverside Dr
$465,000
● House - Off Market

907 Riverside Dr

Methuen, MA 01844
bedrooms
4 Beds
bathrooms
1 Bath
square feet
1,836 Ft²
$2,584
Est. Monthly

About This Property

Welcome home to this move-in ready 4 bedroom Cape! Featuring a partially finished and heated basement with a walk-out to the backyard providing you with tons of potential to add more square footage to your home. Sitting on a double lot, abutting Laurel Ave, gives you plenty of room to enjoy your spacious backyard. This is the perfect combination of comfort and space. It's a must see! Join us for the Open Houses, this Saturday 11/18 and Sunday 11/19 at 11am-1pm.
Unit Size
1,836 Ft²
Days on Market
-
Land Size
0.32 acres
Price per sqft
$245
Property Type
House
Property Taxes
$374
HOA Dues
-
Year Built
1955

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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 #73180924)

Price History

Date / Event Date Event Price
Dec 21, 2023 Sold
Premium
Sold
Nov 21, 2023 In contract -
In contract
Nov 16, 2023 Listed by Keller Williams Gateway Realty $449,900
Listed by Keller Williams Gateway Realty

Property Highlights

Garage
Parking Available
Air Conditioning

Building Info

Overview

    General

  • Year Built: 1955
  • Effective Year Built: 1955
  • Building Count: 1
  • Total Rooms: 6
  • Bedroom Count: 3
  • Bathroom Count: 1
  • Full Bathrooms: 1
  • Partial Bathrooms: 1
  • 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: 200
  • Living Units: 1
  • Floor Cover: 0
  • Basement Type: 7
  • Basement Area: 918
  • Garage Type: 4
  • Parking Space Count: 1
  • Patio Type: 0
  • Porch Type: 0
  • Pool Type: 0

    Dimensions

  • Lot Size Square Feet: 6,386
  • Total Building Area: 1,836
  • Gross Building Area: 2,932
  • Building Area: 1,836
  • Building Area Measurement: L

    Heating and Cooling

  • Air Conditioning: 0
  • Heating: 10
  • Heated Square Feet: 1,836
  • Heating Fuel Type: 6

    Utilities

  • Sewer System: 0
  • Water Service: 0

Building

  • Building Type: 0
  • Property Class: R
  • Land Acres: 0000000147
  • 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: 12379
  • Parcel: METH M:00618 B:00161 L:00002D
  • Block: 161
  • Lot: 2D
  • Municipality: METHUEN
  • Latitude: 42.7012
  • Longitude: -71.1971

    Address

  • Full Address: 907 Riverside Dr
  • Address - House Number: 907
  • 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: $448,700
  • Initial Tax Delinquent Year: 2024

    Appraisal Valuation

  • Standard Deviation: 0.1499
  • Valuation Date: Mar 27, 2024
  • Confidence Score: 81
  • Final Value: 493,463
  • High Value: 567,475
  • Low Value: 419,451

    Assessments Valuation

  • Assessed Year: 2023
  • Assessed Total Value: $383,500
  • Assessed Land Value: $159,300
  • Assessed Improvements Value: $224,200

    Sales

  • Current Sale Contract Date: Dec 21, 2023
  • Current Sale Recording Date: Dec 21, 2023
  • Current Sale Price:
    Premium
  • Current Sale Document Type: O
  • Current Sale Input Document Number: 21068
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

2191 ft²

Average Home Age

55.3 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

Click here to view more rentals in the neighborhood.
Last Updated: 4 months ago
Data Source: MLS PIN, MLS# 73180924

Frequently Asked Questions

When was property at 907 Riverside Drive built and last sold?
The property at 907 Riverside Drive was built in 1955 and last sold on Dec 21, 2023 for $465,000.
How much is this home worth?
The estimated value of the home located at 907 Riverside Drive is $463,405.
What are some comparable homes to 907 Riverside Drive?
There are currently no comparable homes to 907 Riverside Drive.
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