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Fall River 02720
1031 Ray St
$255,000
● House - Off Market

1031 Ray St

Fall River, MA 02720
bedrooms
3 Beds
bathrooms
2 Baths
square feet
1,464 Ft²
$402,468
RealtyHop Estimate
54.85%
Since Apr 1, 2018
National-US
Primary Model

About This Property

Do you want a Highlands Colonial with lots of fabulous period detail mixed with just the right amount of modern convenience? Then this is the house for you! The kitchen and baths have been updated but the impressive woodwork remains. There is a deck off the dining room to a sunken spa and large fenced in yard. Electric, heat and windows have been updated making it more energy efficient. Cozy up by the fireplace in the winter and enjoy the deck with the electric awning in the summer. You couldn't ask for a better location! It has a country feel with the conveniences of the city. Come home to all the charm this Colonial has to offer!
Unit Size
1,464 Ft²
Days on Market
-
Land Size
0.16 acres
Price per sqft
$178
Property Type
House
Property Taxes
$267
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 #72266317)

Price History

Date / Event Date Event Price
Mar 16, 2018 Sold
Premium
Sold
Dec 27, 2017 Listed by Beautiful Day Real Estate $259,900
Listed by Beautiful Day Real Estate
Jun 5, 1998 Sold
Premium
Sold

Property Highlights

Garage
Parking Available
Fireplace

Building Info

Overview

    General

  • Year Built: 1940
  • Effective Year Built: 1940
  • Building Count: 1
  • Total Rooms: 6
  • Bedroom Count: 3
  • Bathroom Count: 2
  • Full Bathrooms: 2
  • Partial Bathrooms: 2
  • Building Condition: 3
  • Building Quality: 0
  • Construction Type: 6
  • Building Style: 5
  • Exterior Walls Type: 18
  • Interior Walls Type: 0
  • Roof Shape Type: 8
  • Roof Cover Type: 15
  • Floor Count: 200
  • Living Units: 1
  • Floor Cover: 0
  • Basement Type: 7
  • Basement Area: 624
  • Garage Type: 4
  • Parking Space Count: 0
  • Patio Type: 0
  • Porch Type: 0
  • Pool Type: 0

    Dimensions

  • Lot Size Square Feet: 7,096
  • Total Building Area: 1,337
  • Gross Building Area: 2,777
  • Building Area: 1,337
  • Building Area Measurement: L

    Heating and Cooling

  • Fireplace Count: 1
  • Air Conditioning: 0
  • Heating: 16
  • Heated Square Feet: 1,337
  • Heating Fuel Type: 3

    Utilities

  • Sewer System: 0
  • Water Service: 0

Building

  • Building Type: 0
  • Property Class: R
  • Land Acres: 0000000163
  • Standard Land Use Code: 1001
  • County Land Use Code: 101

Neighborhood

  • School District Name: Fall River School District
  • Census Tract: 642300

Zoning

  • Zoning: S

Geography

  • Parcel: FALL M:0R-15 B:0000 L:0033
  • Lot: 33
  • Municipality: FALL RIVER
  • Latitude: 41.7236
  • Longitude: -71.131

    Address

  • Full Address: 1031 Ray St
  • Address - House Number: 1031
  • Address - Street Name: Ray
  • Address - Suffix Type: St
  • State: MA
  • City Name: Fall River
  • Carrier Code: C019
  • 4-Digit Zip Code: 6514
  • Zip Code: 02720

Valuation

    Tax

  • Tax Year: 2023
  • Tax Amount: $387,000
  • Initial Tax Delinquent Year: 2022

    Appraisal Valuation

  • Standard Deviation: 0.1826
  • Valuation Date: Jan 17, 2024
  • Confidence Score: 76
  • Final Value: 425,797
  • High Value: 503,568
  • Low Value: 348,026

    Assessments Valuation

  • Assessed Year: 2023
  • Assessed Total Value: $315,400
  • Assessed Land Value: $116,200
  • Assessed Improvements Value: $199,200

    Sales

  • Current Sale Recording Date: Mar 16, 2018
  • Current Sale Price:
    Premium
  • Current Sale Document Type: O
  • Current Sale Input Document Number: 3935
  • Previous Sale Recording Date: Jun 05, 1998
  • Previous Sale Amount: $55,000
  • Previous Sale Document Type: 27
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 Fall River

Stats & Trends

Median Asking:

$499,900

Sale Price/ft²

$241

Below Asking

0.02%

Average Days on Market

70

Average Home Size

2652 ft²

Average Home Age

86.8 years

Currently For Sale

214 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

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Last Updated: 4 months ago
Data Source: MLS PIN, MLS# 72266317

Frequently Asked Questions

When was property at 1031 Ray Street built and last sold?
The property at 1031 Ray Street was built in 1940 and last sold on Jan 1, 1970 for $255,000.
How much is this home worth?
The estimated value of the home located at 1031 Ray Street is $269,635.
What are some comparable homes to 1031 Ray Street?
There are currently no comparable homes to 1031 Ray Street.
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