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Methuen Town 01844
914 Riverside Dr
$450,000
● House - Off Market

914 Riverside Dr

Methuen, MA 01844
bedrooms
4 Beds
bathrooms
1 Bath, 1 Half Bath
square feet
1,344 Ft²
$2,754
Est. Monthly

About This Property

Need 4 bedrooms? Or a large 2 story heated garage? Lovely and sunny 4 Bedroom Cape on Riverside Drive. Quality construction, built in 1949. Same owners since 1960. Perfect for commuters with quick access to Rte. 93. Corner lot, mature plantings, fantastic 2 story garage that will fit 3 or 4 cars. The garage is heated and it has a large second floor. The house had a new roof put on in 2023. It has replacement windows, hardwood floors, a full bath down and a half bath up. Lovely sunroom. Easy maintenance white siding and a cement driveway complete the easy living here. Lots of closets too. The laundry is in the basement (nice and dry) and the ceilings are high enough for one to finish off a room or two down there. Come take a look at this story book cape. There are lots of windows, so it is sunny and bright!
Unit Size
1,344 Ft²
Days on Market
-
Land Size
0.19 acres
Price per sqft
$365
Property Type
House
Property Taxes
$349
HOA Dues
-
Year Built
1949

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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 #73175666)

Price History

Date / Event Date Event Price
Dec 15, 2023 Sold
Premium
Sold
Nov 22, 2023 In contract -
In contract
Nov 20, 2023 Relisted $489,900
Relisted
Nov 14, 2023 In contract -
In contract
Oct 31, 2023 Listed by Hart Of New England Realty $489,900
Listed by Hart Of New England Realty

Property Highlights

Garage
Parking Available
Air Conditioning

Building Info

Overview

    General

  • Year Built: 1949
  • Effective Year Built: 1949
  • Building Count: 1
  • Total Rooms: 6
  • Bedroom Count: 4
  • Bathroom Count: 2
  • Full Bathrooms: 1
  • Partial Bathrooms: 2
  • 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: 200
  • Living Units: 1
  • Floor Cover: 0
  • Basement Type: 7
  • Basement Area: 768
  • Garage Type: 4
  • Parking Space Count: 1
  • Patio Type: 0
  • Porch Type: 0
  • Pool Type: 0

    Dimensions

  • Lot Size Square Feet: 8,168
  • Total Building Area: 1,344
  • Gross Building Area: 2,400
  • Building Area: 1,344
  • Building Area Measurement: L

    Heating and Cooling

  • Air Conditioning: 0
  • Heating: 16
  • Heated Square Feet: 1,344
  • Heating Fuel Type: 6

    Utilities

  • Sewer System: 0
  • Water Service: 0

Building

  • Building Type: 0
  • Property Class: R
  • Land Acres: 0000000188
  • 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: 11942
  • Parcel: METH M:00518 B:00162 L:00036
  • Block: 162
  • Lot: 36
  • Municipality: METHUEN
  • Latitude: 42.7006
  • Longitude: -71.1978

    Address

  • Full Address: 914 Riverside Dr
  • Address - House Number: 914
  • 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: $418,200

    Appraisal Valuation

  • Standard Deviation: 0.0799
  • Valuation Date: Jan 17, 2024
  • Confidence Score: 94
  • Final Value: 504,680
  • High Value: 545,009
  • Low Value: 464,352

    Assessments Valuation

  • Assessed Year: 2023
  • Assessed Total Value: $357,400
  • Assessed Land Value: $150,000
  • Assessed Improvements Value: $207,400

    Sales

  • Current Sale Contract Date: Dec 15, 2023
  • Current Sale Recording Date: Dec 15, 2023
  • Current Sale Price:
    Premium
  • Current Sale Document Type: O
  • Current Sale Input Document Number: 20723
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

2218 ft²

Average Home Age

56.4 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

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Last Updated: 4 months ago
Data Source: MLS PIN, MLS# 73175666

Frequently Asked Questions

When was property at 914 Riverside Drive built and last sold?
The property at 914 Riverside Drive was built in 1949 and last sold on Dec 15, 2023 for $450,000.
How much is this home worth?
The estimated value of the home located at 914 Riverside Drive is $488,812.
What are some comparable homes to 914 Riverside Drive?
There are currently no comparable homes to 914 Riverside Drive.
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