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New Bedford 02745
223 River Rd
$599,000
● House - Off Market

223 River Rd

New Bedford, MA 02745
bedrooms
3 Beds
bathrooms
2 Baths, 1 Half Bath
square feet
2,592 Ft²
$3,178
Est. Monthly

About This Property

This beautifully remodeled 3-level home offers a blend of modern comfort and serene surroundings. Located on the Acushnet/New Bedford line, the property sits in a quiet, scenic neighborhood directly across from a well-maintained conservation park, offering peaceful views and outdoor enjoyment. The first floor provides an exciting opportunity to create a rental unit or additional living space. The home boasts a large yard, perfect for outdoor activities, and a cozy side porch ideal for relaxing. Every detail of this home has been thoughtfully updated, making it move-in ready.
Unit Size
2,592 Ft²
Days on Market
-
Land Size
0.36 acres
Price per sqft
$231
Property Type
House
Property Taxes
$236
HOA Dues
-
Year Built
1869

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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: 5 months ago (MLSPIN #73290138)

Price History

Date / Event Date Event Price
Dec 16, 2024 Sold
Premium
Sold
Dec 9, 2024 In contract -
In contract
Sep 14, 2024 Listed by Home Bound Realty $599,000
Listed by Home Bound Realty
Mar 28, 2023 Sold
Premium
Sold
Mar 17, 2023 In contract -
In contract
Show More

Property Highlights

Parking Available
Air Conditioning

Building Info

Overview

    General

  • Year Built: 1869
  • Effective Year Built: 1869
  • Building Count: 1
  • Total Rooms: 14
  • Bedroom Count: 5
  • Bathroom Count: 2
  • Full Bathrooms: 1
  • Partial Bathrooms: 2
  • Building Condition: 4
  • Building Quality: 0
  • Construction Type: 6
  • Building Style: 5
  • Exterior Walls Type: 1
  • 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: 300
  • Garage Type: 0
  • Parking Space Count: 0
  • Patio Type: 0
  • Porch Type: 0
  • Pool Type: 0

    Dimensions

  • Lot Size Square Feet: 15,808
  • Total Building Area: 2,592
  • Gross Building Area: 3,547
  • Building Area: 2,592
  • Building Area Measurement: L

    Heating and Cooling

  • Air Conditioning: 0
  • Heating: 18
  • Heated Square Feet: 2,592
  • Heating Fuel Type: 3

    Utilities

  • Sewer System: 0
  • Water Service: 0

Building

  • Building Type: 0
  • Property Class: R
  • Land Acres: 0000000363
  • Standard Land Use Code: 1001
  • County Land Use Code: 101

Neighborhood

  • School District Name: New Bedford School District
  • Census Tract: 650300

Zoning

  • Zoning: RB

Geography

  • Account Number: 18113
  • Parcel: NEWB M:0119 L:0017
  • Lot: 17
  • Municipality: NEW BEDFORD
  • Latitude: 41.6804
  • Longitude: -70.9188

    Address

  • Full Address: 223 River Rd
  • Address - House Number: 223
  • Address - Street Name: River
  • Address - Suffix Type: Rd
  • State: MA
  • City Name: New Bedford
  • Carrier Code: C001
  • 4-Digit Zip Code: 6233
  • Zip Code: 02745

Valuation

    Tax

  • Tax Year: 2024
  • Tax Amount: $283,400
  • Initial Tax Delinquent Year: 2024

    Appraisal Valuation

  • Standard Deviation: 0.2656
  • Valuation Date: Apr 03, 2024
  • Confidence Score: 62
  • Final Value: 379,003
  • High Value: 479,667
  • Low Value: 278,339

    Assessments Valuation

  • Assessed Year: 2024
  • Assessed Total Value: $236,200
  • Assessed Land Value: $158,700
  • Assessed Improvements Value: $77,500

    Sales

  • Current Sale Contract Date: Mar 28, 2023
  • Current Sale Recording Date: Mar 28, 2023
  • Current Sale Price:
    Premium
  • Current Sale Document Type: O
  • Current Sale Input Document Number: 5222
  • Previous Sale Recording Date: Mar 25, 2022
  • Previous Sale Contract Date: Mar 24, 2022
  • Previous Sale Amount: $220,500
  • Previous Sale Document Type: O
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 New Bedford

Stats & Trends

Median Asking:

$475,000

Sale Price/ft²

$274

Below Asking

0.02%

Average Days on Market

63

Average Home Size

2236 ft²

Average Home Age

98.9 years

Currently For Sale

177 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

Unit for rent at 330 Main St, Other, MA, 02719

$1,175 /mo

  • 1 Bed
  • 1 Bath
330 Main St, Other, MA, 02719 Listing by Rick Rivera

Rentals Near You

Click here to view more rentals in the neighborhood.
Last Updated: 5 months ago
Data Source: MLS PIN, MLS# 73290138

Frequently Asked Questions

When was property at 223 River Road built and last sold?
The property at 223 River Road was built in 1869 and last sold on Mar 28, 2023 for $210,000.
How much is this home worth?
The estimated value of the home located at 223 River Road is $602,978.
What are some comparable homes to 223 River Road?
There are currently no comparable homes to 223 River Road.
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