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245 Madison Street

245 Madison Street, Fall River, MA 02720
Property in Fall River
Sold May 17, 2021
$369,000
$363,298 by Movement Mortgage
Mortgage Due May 17, 2051
Sold Apr 18, 2018
$265,500
$238,950 by Home Point Finl Corp
Mortgage Due Apr 18, 2048
Local assessors in Fall River, MA have categorized 245 Madison Street as a residential type of property. The home was built in 1900 and is 124 years old. The property's lot size has been calculated to be 4,674 square feet. Sharp-eyed aficionados of architecture will notice that the home on the property was built in a colonial style. Now, let's dive a bit deeper into the details surrounding the home on the property. There are 8 rooms in the home. Of these, 4 have been legally categorized as bedrooms. For more details, please view your local government regulations on what counts as a legal bedroom. As for the restroom situation, there are 2 full bathrooms. There are also 3 partial bathrooms. This is a 2 story home so residents will need to have climb at least one set of stairs on a daily basis. If we look only at the heated or air conditioned part of the building, then 245 Madison Street has a total of 2,196 sqft of living area. Note that this number does not include the square footage of the garage, basement, and/or porch into its calculations.

Curious to learn more about the home? Our team of data engineers have sourced the most up-to-date information from the local assessors office to share with you. Moving onto specific details regarding the building. Our sources show that the building condition is good. It might sound scary but did you know that buildings can move depending on the weather? Both hot and cold weather can have severe impact on the longevity of your home structure depending on how much your home moves. Hence why architects pay a lot of attention to the type of control joints used in the construction process. Just so you know, this home was built with frame control joints. The building has a hip style roof that was made of asphalt. Lots of alum/vinyl siding were used in the construction of the exterior walls of the home. The home's a steam heating system is the primary heating source and it is being fueled with oil. There is a single fireplace in the home which may result in additional cleaning fees for the homeowner. Here at RealtyHop, we've focused a lot of our efforts into gathering up-to-date and accurate data for our users. Based on our sources, 245 Madison Street was last sold in May 14, 2021 for $369,000. According to our calculations, that's $168.03 per sqft. Prior to that sales transaction, the property was sold for $265,500 in Jan 1, 1970. Current property owners are expected to pay $4,450 in taxes per year. The property on 245 Madison Street was last assessed in 2023. As a result of that assessment, the total value of the property was placed at $362,700. To break that down further, the land itself was valued at $101,500. While improvements to the property were assessed at a total of $261,200. Based on our records, the total assessed value for this property has been marked as more than the total market value as of this moment. Which is pretty atypical. Purchasing a home can require a lot of financial power in this day and age but not everyone has the savings to do so. As a result, many will get a mortgage loan to aid them in one of the most finance-intensive purchases of their lives. It's important when shopping for a mortgage to aim the best possible rate you can get. The lower your interest rate, the better as it can mean more money saved in the long run. In the following guide, we'll cover our best tips for how to get the best mortgage rate to your situation. This property is not listed for sale at this point in time but RealtyHop is constantly updating our inventory of available sales listings in real time. Don't want to miss out on this property? You can save the listing to your favorites by signing up for a RealtyHop account or you can check back frequently for updates.

Building Features

Parking

Off Street Parking

Location

Corner Lot
This property description is generated based on publicly available data.

Building Info

Overview

    General

  • Year Built: 1900
  • Effective Year Built: 1900
  • Building Count: 1
  • Total Rooms: 8
  • Bedroom Count: 4
  • Bathroom Count: 3
  • Full Bathrooms: 2
  • Partial Bathrooms: 3
  • Building Condition: Good
  • Construction Type: Frame
  • Building Style: Colonial
  • Exterior Walls Type: Alum/Vinyl siding
  • Roof Shape Type: Hip
  • Roof Cover Type: Asphalt
  • Floor Count: 2
  • Living Units: 1
  • Basement Type: Unfinished basement
  • Basement Area: 968
  • Parking Space Count: 0

    Dimensions

  • Lot Size Square Feet: 4,674
  • Total Building Area: 2,196
  • Gross Building Area: 3,925
  • Building Area: 2,196
  • Building Area Measurement: Living Area

    Heating and Cooling

  • Fireplace Count: 1
  • Air Conditioning: unknown
  • Heating: Steam
  • Heated Square Feet: 2,196
  • Heating Fuel Type: Oil

    Utilities

  • Sewer System: unknown
  • Water Service: unknown

Building

  • Property Class: Residential
  • Land Acres: 0.107
  • Standard Land Use Code: Single family residential

Ownership

  • Current Owner : WALLWORTH JONATHAN W
  • Current Owner 2: WALLWORTH JENNIFER
  • Previous Owner : PIMENTAL JOHN
  • Owner Before Previous Owner: ROBINSON JOHN E

Neighborhood

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

Zoning

  • Zoning: G

Geography

  • Parcel: FALL M:0M-03 B:0000 L:0007
  • Lot: 7
  • Municipality: FALL RIVER
  • Latitude: 41.714
  • Longitude: -71.1415

    Address

  • Full Address: 245 Madison St
  • Address - House Number: 245
  • Address - Street Name: Madison
  • Address - Suffix Type: St
  • State: MA
  • City Name: Fall River
  • Carrier Code: C028
  • 4-Digit Zip Code: 5515
  • Zip Code: 02720

Valuation

    Tax

  • Tax Year: 2023
  • Tax Amount: $4,450

    Appraisal Valuation

  • Standard Deviation: 0.167
  • Valuation Date: Jan 17, 2024
  • Confidence Score: 78
  • Final Value: 478,843
  • High Value: 558,845
  • Low Value: 398,841

    Open Liens

  • Total Open Liens: 1
  • Total Open Liens Amount: $363,298
  • First Open Lien Mortgage Lender: MOVEMENT MORTGAGE
  • First Open Lien Mortgage Recording Date: May 17, 2021
  • First Open Lien Mortgage Loan Amount: $363,298
  • First Open Lien Mortgage Term: 360
  • First Open Lien Mortgage Position: 1
  • First Open Lien Mortgage Loan Type: FHA
  • First Open Lien Mortgage Loan Due Date: May 17, 2051

    Assessments Valuation

  • Assessed Year: 2023
  • Assessed Total Value: $362,700
  • Assessed Land Value: $101,500
  • Assessed Improvements Value: $261,200

    Sales

  • Current Sale Contract Date: May 14, 2021
  • Current Sale Recording Date: May 17, 2021
  • Current Sale Transaction ID: 11836216711
  • Current Sale Price: $369,000
  • Current Sale Document Type: Quit Claim Deed (arm's length)
  • Current Sale Input Document Number: 11153
  • Previous Sale Recording Date: Apr 18, 2018
  • Previous Sale Amount: $265,500
  • Previous Sale Document Type: Quit Claim Deed (arm's length)

    Last Sale Mortgage

  • First Mortgage Lender: MOVEMENT MORTGAGE
  • First Mortgage Transaction Date: May 17, 2021
  • First Mortgage Loan Amount: $363,298
  • First Mortgage Terms: 360
  • First Mortgage Loan Type: FHA

    Previous Mortgages

  • Previous Mortgage Lender: HOME POINT FINL CORP
  • Previous Mortgage Transaction Date: Apr 18, 2018
  • Previous Mortgage Loan Amount: $238,950
  • Previous Mortgage Term: 360
  • Previous Mortgage Loan Type: New Conventional
  • Previous Mortgage Loan Due Date: Apr 18, 2048

About Fall River



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Frequently Asked Questions

What neighborhood is 245 Madison Street located in?
The 245 Madison Street is a located in the neighborhood of Fall River in Fall River, Fall River.
What is the average sales price for listings in 245 Madison Street?
The average sales price for units in 245 Madison Street is $0 currently.

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