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Fall River 02723
1316 Locust St
$265,250
● House - Off Market

1316 Locust St

Fall River, MA 02723
bedrooms
4 Beds
bathrooms
2 Baths, 1 Half Bath
square feet
2,970 Ft²
$330,049
RealtyHop Estimate
32.55%
Since Dec 1, 2020
National-US
Primary Model

About This Property

This charming colonial located on Locust St. in Fall River MA! Town records says 3 bedroom but there are 4 bedroom upstairs,1.5 baths,  just under 3000 sqft. of living area, nice backyard, garage and much more! Don't miss the opportunity to check out this great home! First showing Saturday 26th & Sunday 27th 1-230 scheduled every 15 min call/ text for appointment. Accompanied showings required.  Highest and best by Monday 28th 5pm.  All info supplied by the owner, public record or a third party. The broker has not verified. It is recommended buyer independently verify all information.
Unit Size
2,970 Ft²
Days on Market
-
Land Size
0.11 acres
Price per sqft
$84
Property Type
House
Property Taxes
$291
HOA Dues
-
Year Built
1935

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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: 5 years ago (MLSPIN #72729667)

Price History

Date / Event Date Event Price
Nov 24, 2020 Sold
Premium
Sold
Sep 20, 2020 Listed by Lion Gate Real Estate, Inc. $249,000
Listed by Lion Gate Real Estate, Inc.

Property Highlights

Garage

Building Info

Overview

    General

  • Year Built: 1935
  • Effective Year Built: 1935
  • Building Count: 1
  • Total Rooms: 6
  • Bedroom Count: 3
  • Bathroom Count: 2
  • Full Bathrooms: 1
  • Partial Bathrooms: 2
  • Building Condition: 3
  • Building Quality: 0
  • Construction Type: 6
  • Building Style: 5
  • Exterior Walls Type: 19
  • Interior Walls Type: 0
  • Roof Shape Type: 10
  • Roof Cover Type: 15
  • Floor Count: 200
  • Living Units: 1
  • Floor Cover: 0
  • Basement Type: 9
  • Basement Area: 955
  • Garage Type: 1
  • Parking Space Count: 0
  • Patio Type: 0
  • Porch Type: 0
  • Pool Type: 0

    Dimensions

  • Lot Size Square Feet: 4,735
  • Total Building Area: 2,970
  • Gross Building Area: 3,697
  • Building Area: 2,970
  • Building Area Measurement: L

    Heating and Cooling

  • Air Conditioning: 0
  • Heating: 10
  • Heated Square Feet: 2,970
  • Heating Fuel Type: 6

    Utilities

  • Sewer System: 0
  • Water Service: 0

Building

  • Building Type: 0
  • Property Class: R
  • Land Acres: 0000000109
  • Standard Land Use Code: 1001
  • County Land Use Code: 101

Neighborhood

  • School District Name: Fall River School District
  • Census Tract: 641700

Zoning

  • Zoning: G

Geography

  • Parcel: FALL M:0L-15 B:0000 L:0012
  • Lot: 12
  • Municipality: FALL RIVER
  • Latitude: 41.7032
  • Longitude: -71.1352

    Address

  • Full Address: 1316 Locust St
  • Address - House Number: 1316
  • Address - Street Name: Locust
  • Address - Suffix Type: St
  • State: MA
  • City Name: Fall River
  • Carrier Code: C008
  • 4-Digit Zip Code: 1450
  • Zip Code: 02723

Valuation

    Tax

  • Tax Year: 2023
  • Tax Amount: $415,200

    Appraisal Valuation

  • Standard Deviation: 0.2038
  • Valuation Date: Jan 17, 2024
  • Confidence Score: 72
  • Final Value: 450,363
  • High Value: 542,173
  • Low Value: 358,554

    Assessments Valuation

  • Assessed Year: 2023
  • Assessed Total Value: $338,400
  • Assessed Land Value: $102,900
  • Assessed Improvements Value: $235,500

    Sales

  • Current Sale Contract Date: Nov 04, 2020
  • Current Sale Recording Date: Nov 24, 2020
  • Current Sale Price:
    Premium
  • Current Sale Document Type: O
  • Current Sale Input Document Number: 22221
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

2629 ft²

Average Home Age

85.8 years

Currently For Sale

216 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: 5 years ago
Data Source: MLS PIN, MLS# 72729667

Frequently Asked Questions

When was property at 1316 Locust Street built and last sold?
The property at 1316 Locust Street was built in 1935 and last sold on Nov 4, 2020 for $265,250.
How much is this home worth?
The estimated value of the home located at 1316 Locust Street is $0.
What are some comparable homes to 1316 Locust Street?
There are currently no comparable homes to 1316 Locust Street.
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