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Fall River 02720
255 Lucille Ln
$470,000
● House - Off Market

255 Lucille Ln

Fall River, MA 02720
bedrooms
3 Beds
bathrooms
1 Bath, 1 Half Bath
square feet
1,722 Ft²
$498,617
RealtyHop Estimate
6.09%
Since Jan 1, 2023
National-US
Primary Model

About This Property

Welcome to this beautiful colonial, with an emphasis on quality,  located in the heart of the highlands. The home's main living area features an open floor plan ideal for entertaining with gleaming hardwood floors, and sliders leading out to the side deck. The kitchen includes beautiful cabinetry, granite counters, and stainless steel appliances, and connects perfectly to the dining room.   The second floor features 3 bedrooms, a tiled bath with granite counters and a double sink, and access to the bonus room above the garage that can be used as an office, playroom,  or for extra storage.  Central AC/Heat keeps you comfortable all year long. There is so much more to this home. Conveniently located near major highways, shopping centers, parks, and hospital.  Property was recently appraised above listing price.
Unit Size
1,722 Ft²
Days on Market
-
Land Size
0.28 acres
Price per sqft
$273
Property Type
House
Property Taxes
$387
HOA Dues
-
Year Built
2018

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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 #73026633)

Price History

Date / Event Date Event Price
Dec 1, 2022 Sold
Premium
Sold
Oct 9, 2022 In contract -
In contract
Oct 9, 2022 Price Decreased $470,000
↓ $10K (2.1%)
Price Decreased
Sep 27, 2022 Price Increased $479,900
↑ $10K (2.1%)
Price Increased
Aug 17, 2022 Listed by Rosewood Realty $470,000
Listed by Rosewood Realty
Show More

Property Highlights

Garage
Parking Available
Air Conditioning

Building Info

Overview

    General

  • Year Built: 2018
  • Effective Year Built: 2018
  • Building Count: 1
  • Bedroom Count: 0
  • Bathroom Count: 2
  • Full Bathrooms: 2
  • 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: 1
  • Roof Cover Type: 15
  • Floor Count: 200
  • Living Units: 1
  • Floor Cover: 0
  • Basement Type: 7
  • Basement Area: 786
  • Garage Type: 1
  • Parking Space Count: 0
  • Patio Type: 0
  • Porch Type: 0
  • Pool Type: 0

    Dimensions

  • Lot Size Square Feet: 12,057
  • Total Building Area: 1,572
  • Gross Building Area: 2,862
  • Building Area: 1,572
  • Building Area Measurement: L

    Heating and Cooling

  • Air Conditioning: 13
  • Heating: 4
  • Heated Square Feet: 1,572
  • Heating Fuel Type: 3

    Utilities

  • Sewer System: 0
  • Water Service: 0

Building

  • Building Type: 0
  • Property Class: R
  • Land Acres: 0000000277
  • Standard Land Use Code: 1001
  • County Land Use Code: 101

Neighborhood

  • School District Name: Fall River School District
  • Census Tract: 642500

Zoning

  • Zoning: B

Geography

  • Parcel: FALL M:0U-23 B:0000 L:0025
  • Lot: 25
  • Municipality: FALL RIVER
  • Latitude: 41.7308
  • Longitude: -71.1219

    Address

  • Full Address: 255 Lucille Ln
  • Address - House Number: 255
  • Address - Street Name: Lucille
  • Address - Suffix Type: Ln
  • State: MA
  • City Name: Fall River
  • Carrier Code: C046
  • 4-Digit Zip Code: 6633
  • Zip Code: 02720

Valuation

    Tax

  • Tax Year: 2023
  • Tax Amount: $508,000

    Appraisal Valuation

  • Standard Deviation: 0.1809
  • Valuation Date: Jan 17, 2024
  • Confidence Score: 76
  • Final Value: 492,582
  • High Value: 581,721
  • Low Value: 403,444

    Assessments Valuation

  • Assessed Year: 2023
  • Assessed Total Value: $414,000
  • Assessed Land Value: $143,500
  • Assessed Improvements Value: $270,500

    Sales

  • Current Sale Contract Date: Dec 01, 2022
  • Current Sale Recording Date: Dec 01, 2022
  • Current Sale Price:
    Premium
  • Current Sale Document Type: O
  • Current Sale Input Document Number: 20722
  • Previous Sale Recording Date: Nov 04, 2021
  • Previous Sale Contract Date: Nov 04, 2021
  • Previous Sale Amount: $425,000
  • Previous Sale Document Type: O

    Financing

  • First Mortgage Financing Type: ADJ
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

2674 ft²

Average Home Age

86.3 years

Currently For Sale

214 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# 73026633

Frequently Asked Questions

When was property at 255 Lucille Lane built and last sold?
The property at 255 Lucille Lane was built in 2018 and last sold on Dec 1, 2022 for $470,000.
How much is this home worth?
The estimated value of the home located at 255 Lucille Lane is $475,172.
What are some comparable homes to 255 Lucille Lane?
There are currently no comparable homes to 255 Lucille Lane.
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