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Fall River 02720
240 Chestnut St
$410,000
● House - Off Market

240 Chestnut St

Fall River, MA 02720
bedrooms
3 Beds
bathrooms
1 Bath
square feet
1,945 Ft²
$412,576
RealtyHop Estimate
-0.56%
Since Sep 1, 2023
National-US
Primary Model

About This Property

BACK ON MARKET! Financing Fell Thru. Here's your chance to call this Beautiful Home, Home. Location! Location! Location! Highly desirable Highlands Area! MOVE RIGHT IN to this newly COMPLETELY RENOVATED Bungalow with Farmers Porch and detached single stall garage. Impeccable Craftsmanship throughout! Stainless Steel Appliances, Granite Countertops, Recessed LED Lighting, Hardwood Flooring throughout, Replacement Windows, Smart Nest Thermostat, large Master with cathedral ceilings. Newer heating system, hot water tank and electric. Deck in the backyard off the kitchen. Walk to schools, close to shopping, hospital, highways, Bristol Community College and upcoming new T-Station. This home is a true gem. MUST SEE!
Unit Size
1,945 Ft²
Days on Market
-
Land Size
0.08 acres
Price per sqft
$213
Property Type
House
Property Taxes
$287
HOA Dues
-
Year Built
1935

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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 #73134406)

Price History

Date / Event Date Event Price
Aug 10, 2023 Sold
Premium
Sold
Aug 3, 2023 In contract -
In contract
Jul 25, 2023 Price Increased $414,900
↑ $165K (66%)
Price Increased
Jul 25, 2023 Relisted $250,000
Relisted
Jul 19, 2023 In contract -
In contract
Show More

Property Highlights

Garage
Parking Available

Building Info

Overview

    General

  • Year Built: 1935
  • Effective Year Built: 1935
  • Building Count: 1
  • Total Rooms: 6
  • Bedroom Count: 2
  • Bathroom Count: 1
  • Full Bathrooms: 1
  • Partial Bathrooms: 1
  • 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: 100
  • Living Units: 1
  • Floor Cover: 0
  • Basement Type: 7
  • Basement Area: 846
  • Garage Type: 4
  • Parking Space Count: 0
  • Patio Type: 0
  • Porch Type: 0
  • Pool Type: 0

    Dimensions

  • Lot Size Square Feet: 3,507
  • Total Building Area: 1,242
  • Gross Building Area: 2,836
  • Building Area: 1,242
  • Building Area Measurement: L

    Heating and Cooling

  • Air Conditioning: 0
  • Heating: 4
  • Heated Square Feet: 1,242
  • Heating Fuel Type: 3

    Utilities

  • Sewer System: 0
  • Water Service: 0

Building

  • Building Type: 0
  • Property Class: R
  • Land Acres: 0000000081
  • Standard Land Use Code: 1001
  • County Land Use Code: 101

Neighborhood

  • School District Name: Fall River School District
  • Census Tract: 642400

Zoning

  • Zoning: S

Geography

  • Parcel: FALL M:0P-09 B:0000 L:0036
  • Lot: 36
  • Municipality: FALL RIVER
  • Latitude: 41.713
  • Longitude: -71.1325

    Address

  • Full Address: 240 Chestnut St
  • Address - House Number: 240
  • Address - Street Name: Chestnut
  • Address - Suffix Type: St
  • State: MA
  • City Name: Fall River
  • Carrier Code: C050
  • 4-Digit Zip Code: 7104
  • Zip Code: 02720

Valuation

    Tax

  • Tax Year: 2023
  • Tax Amount: $384,900
  • Initial Tax Delinquent Year: 2024

    Appraisal Valuation

  • Standard Deviation: 0.1935
  • Valuation Date: Mar 13, 2024
  • Confidence Score: 74
  • Final Value: 408,256
  • High Value: 487,285
  • Low Value: 329,228

    Assessments Valuation

  • Assessed Year: 2023
  • Assessed Total Value: $313,700
  • Assessed Land Value: $113,300
  • Assessed Improvements Value: $200,400

    Sales

  • Current Sale Contract Date: Aug 10, 2023
  • Current Sale Recording Date: Aug 10, 2023
  • Current Sale Price:
    Premium
  • Current Sale Document Type: O
  • Current Sale Input Document Number: 10992
  • Previous Sale Recording Date: Mar 10, 2023
  • Previous Sale Contract Date: Mar 10, 2023
  • Previous Sale Amount: $250,000
  • 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 Fall River

Stats & Trends

Median Asking:

$504,500

Sale Price/ft²

$241

Below Asking

0.02%

Average Days on Market

71

Average Home Size

2649 ft²

Average Home Age

84.1 years

Currently For Sale

205 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: 5 months ago
Data Source: MLS PIN, MLS# 73134406

Frequently Asked Questions

When was property at 240 Chestnut Street built and last sold?
The property at 240 Chestnut Street was built in 1935 and last sold on Aug 10, 2023 for $410,000.
How much is this home worth?
The estimated value of the home located at 240 Chestnut Street is $423,370.
What are some comparable homes to 240 Chestnut Street?
There are currently no comparable homes to 240 Chestnut Street.
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