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Fall River 02720
107 Nichols Street
$490,000
● House - Off Market

107 Nichols Street

Fall River, MA 02720
bedrooms
3 Beds
bathrooms
2 Baths
square feet
2,951 Ft²
$497,199
RealtyHop Estimate
-0.56%
Since Sep 1, 2023
National-US
Primary Model

About This Property

This is a beautiful Executive Ranch located in the highly desirable Highland Neighborhood of Fall River. The lot is well-maintained with lovely landscaping, and the home itself features 3 bedrooms, 2 baths, and 2 car garage and 7 spacious rooms with gleaming hardwood floors. The eat-in kitchen, formal dining and living room, and bonus room office or sitting room provide ample space for entertaining. The bedrooms are generously sized with plenty of closet space, and the partially finished basement offers almost 1000 sq/ft of additional living space. This home includes central air and is fully applianced and even includes a bonus screened-in porch area.
Unit Size
2,951 Ft²
Days on Market
-
Land Size
0.28 acres
Price per sqft
$169
Property Type
House
Property Taxes
$372
HOA Dues
-
Year Built
1954

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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 #73125390)

Price History

Date / Event Date Event Price
Aug 15, 2023 Sold
Premium
Sold
Jul 19, 2023 In contract -
In contract
Jul 5, 2023 Price Decreased $500,000
↓ $50K (9.1%)
Price Decreased
Jun 23, 2023 Price Increased $549,900
↑ $50K (10%)
Price Increased
Jun 13, 2023 Listed by Lamacchia Realty, Inc. $500,000
Listed by Lamacchia Realty, Inc.
Show More

Property Highlights

Garage
Parking Available
Air Conditioning

Building Info

Overview

    General

  • Year Built: 1954
  • Effective Year Built: 1954
  • Building Count: 1
  • Total Rooms: 7
  • Bedroom Count: 3
  • Bathroom Count: 2
  • Full Bathrooms: 1
  • Partial Bathrooms: 2
  • Building Condition: 6
  • Building Quality: 0
  • Construction Type: 6
  • Building Style: 11
  • Exterior Walls Type: 18
  • Interior Walls Type: 0
  • Roof Shape Type: 8
  • Roof Cover Type: 15
  • Floor Count: 100
  • Living Units: 1
  • Floor Cover: 0
  • Basement Type: 7
  • Basement Area: 1,967
  • Garage Type: 1
  • Parking Space Count: 0
  • Patio Type: 0
  • Porch Type: 0
  • Pool Type: 0

    Dimensions

  • Lot Size Square Feet: 12,001
  • Total Building Area: 2,951
  • Gross Building Area: 4,664
  • Building Area: 2,951
  • Building Area Measurement: L

    Heating and Cooling

  • Air Conditioning: 0
  • Heating: 16
  • Heated Square Feet: 2,951
  • Heating Fuel Type: 3

    Utilities

  • Sewer System: 0
  • Water Service: 0

Building

  • Building Type: 0
  • Property Class: R
  • Land Acres: 0000000276
  • 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-03 B:0000 L:0060
  • Lot: 60
  • Municipality: FALL RIVER
  • Latitude: 41.7209
  • Longitude: -71.1345

    Address

  • Full Address: 107 Nichols St
  • Address - House Number: 107
  • Address - Street Name: Nichols
  • Address - Suffix Type: St
  • State: MA
  • City Name: Fall River
  • Carrier Code: C019
  • 4-Digit Zip Code: 6313
  • Zip Code: 02720

Valuation

    Tax

  • Tax Year: 2023
  • Tax Amount: $446,800

    Appraisal Valuation

  • Standard Deviation: 0.1651
  • Valuation Date: Jan 17, 2024
  • Confidence Score: 79
  • Final Value: 483,484
  • High Value: 563,324
  • Low Value: 403,644

    Assessments Valuation

  • Assessed Year: 2023
  • Assessed Total Value: $364,100
  • Assessed Land Value: $121,200
  • Assessed Improvements Value: $242,900

    Sales

  • Current Sale Contract Date: Aug 15, 2023
  • Current Sale Recording Date: Aug 15, 2023
  • Current Sale Price:
    Premium
  • Current Sale Document Type: O
  • Current Sale Input Document Number: 54642
  • Previous Sale Recording Date: Jun 22, 2000
  • Previous Sale Amount: $169,000
  • Previous Sale Document Type: 48
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

71

Average Home Size

2597 ft²

Average Home Age

86.2 years

Currently For Sale

207 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# 73125390

Frequently Asked Questions

When was property at 107 Nichols Street built and last sold?
The property at 107 Nichols Street was built in 1954 and last sold on Aug 15, 2023 for $490,000.
How much is this home worth?
The estimated value of the home located at 107 Nichols Street is $520,019.
What are some comparable homes to 107 Nichols Street?
There are currently no comparable homes to 107 Nichols Street.
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