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Fall River 02723
279 Pitman Street
$300,000
● House - Off Market

279 Pitman Street

Fall River, MA 02723
bedrooms
3 Beds
bathrooms
1 Bath, 1 Half Bath
square feet
1,480 Ft²
$327,143
RealtyHop Estimate
5.53%
Since Dec 1, 2022
National-US
Primary Model

About This Property

Welcome to 279 Pitman Street!. This spacious home offers so much potential including a possible in law opportunity. Inside features include an enclosed porch, 3 bedrooms and a bonus room, 2 full baths, kitchen, living room and dining room. Can be purchased with 3 family next door at 257 pitman Street as a package deal or separate. Driveway to be installed. Make this home your own and schedule a showing today! Estate sale being sold as is.
Unit Size
1,480 Ft²
Days on Market
-
Land Size
0.16 acres
Price per sqft
$209
Property Type
House
Property Taxes
$257
HOA Dues
-
Year Built
1900

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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 #73035304)

Price History

Date / Event Date Event Price
Nov 16, 2022 Sold
Premium
Sold
Oct 1, 2022 In contract -
In contract
Sep 27, 2022 Price Decreased $310,000
↓ $15K (4.6%)
Price Decreased
Sep 24, 2022 Price Increased $325,000
↑ $15K (4.8%)
Price Increased
Sep 12, 2022 Listed by RE/MAX Vantage $310,000
Listed by RE/MAX Vantage

Property Highlights

Air Conditioning

Building Info

Overview

    General

  • Year Built: 1900
  • Effective Year Built: 1900
  • Building Count: 1
  • Total Rooms: 6
  • Bedroom Count: 3
  • Bathroom Count: 2
  • Full Bathrooms: 1
  • Partial Bathrooms: 2
  • Building Condition: 6
  • Building Quality: 0
  • Construction Type: 6
  • Building Style: 15
  • 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: 1,400
  • Garage Type: 4
  • Parking Space Count: 0
  • Patio Type: 0
  • Porch Type: 0
  • Pool Type: 0

    Dimensions

  • Lot Size Square Feet: 6,804
  • Total Building Area: 1,480
  • Gross Building Area: 3,484
  • Building Area: 1,480
  • Building Area Measurement: L

    Heating and Cooling

  • Air Conditioning: 0
  • Heating: 4
  • Heated Square Feet: 1,480
  • Heating Fuel Type: 3

    Utilities

  • Sewer System: 0
  • Water Service: 0

Building

  • Building Type: 0
  • Property Class: R
  • Land Acres: 0000000156
  • Standard Land Use Code: 1001
  • County Land Use Code: 101

Neighborhood

  • School District Name: Fall River School District
  • Census Tract: 641400

Zoning

  • Zoning: A-3

Geography

  • Parcel: FALL M:0J-20 B:0000 L:0037
  • Lot: 37
  • Municipality: FALL RIVER
  • Latitude: 41.6837
  • Longitude: -71.1319

    Address

  • Full Address: 279 Pitman St
  • Address - House Number: 279
  • Address - Street Name: Pitman
  • Address - Suffix Type: St
  • State: MA
  • City Name: Fall River
  • Carrier Code: C012
  • 4-Digit Zip Code: 2849
  • Zip Code: 02723

Valuation

    Tax

  • Tax Year: 2023
  • Tax Amount: $328,100

    Appraisal Valuation

  • Standard Deviation: 0.2038
  • Valuation Date: Jan 17, 2024
  • Confidence Score: 72
  • Final Value: 366,108
  • High Value: 440,743
  • Low Value: 291,472

    Assessments Valuation

  • Assessed Year: 2023
  • Assessed Total Value: $267,400
  • Assessed Land Value: $86,800
  • Assessed Improvements Value: $180,600

    Sales

  • Current Sale Contract Date: Nov 15, 2022
  • Current Sale Recording Date: Nov 16, 2022
  • Current Sale Price:
    Premium
  • Current Sale Document Type: O
  • Current Sale Input Document Number: 19769
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

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Last Updated: 4 months ago
Data Source: MLS PIN, MLS# 73035304

Frequently Asked Questions

When was property at 279 Pitman Street built and last sold?
The property at 279 Pitman Street was built in 1900 and last sold on Nov 15, 2022 for $300,000.
How much is this home worth?
The estimated value of the home located at 279 Pitman Street is $317,720.
What are some comparable homes to 279 Pitman Street?
There are currently no comparable homes to 279 Pitman Street.
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