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Fall River 02721
28 Terrace St.
$324,000
● House - Off Market

28 Terrace St.

Fall River, MA 02721
bedrooms
3 Beds
bathrooms
2 Baths
square feet
1,400 Ft²
$334,737
RealtyHop Estimate
4.64%
Since Nov 1, 2022
National-US
Primary Model

About This Property

Come take a look at this hidden gem offering 3 Beds, and 2 full baths. Property was completely gutted and renovated in 2010 so all of your big ticket items have been taken care of. First floor offers open floor plan with hardwood flooring, kitchen with center island and stainless appliances, dining room, living room, bedroom, full bath, and laundry room. Second floor offers additional 2 good sized bedrooms with hardwood throughout, and a full bath. Exterior is vinyl sided with a driveway and fenced in yard. Located on a small street with minimal traffic.
Unit Size
1,400 Ft²
Days on Market
-
Land Size
0.06 acres
Price per sqft
$229
Property Type
House
Property Taxes
$273
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 #73020519)

Price History

Date / Event Date Event Price
Oct 14, 2022 Sold
Premium
Sold
Aug 2, 2022 Listed by Paiva Real Estate Services, LLC $319,900
Listed by Paiva Real Estate Services, LLC
Feb 12, 2018 Sold
Premium
Sold
Oct 18, 2017 Listed by Paiva Real Estate Services, LLC $218,000
Listed by Paiva Real Estate Services, LLC
Jun 7, 2010 Sold
Premium
Sold
Show More

Property Highlights

Parking Available

Building Info

Overview

    General

  • Year Built: 1900
  • Effective Year Built: 1900
  • Building Count: 1
  • Total Rooms: 9
  • Bedroom Count: 3
  • Bathroom Count: 2
  • Full Bathrooms: 2
  • Partial Bathrooms: 2
  • Building Condition: 3
  • 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: 800
  • Garage Type: 0
  • Parking Space Count: 0
  • Patio Type: 0
  • Porch Type: 0
  • Pool Type: 0

    Dimensions

  • Lot Size Square Feet: 2,823
  • Total Building Area: 1,400
  • Gross Building Area: 2,560
  • Building Area: 1,400
  • Building Area Measurement: L

    Heating and Cooling

  • Air Conditioning: 0
  • Heating: 4
  • Heated Square Feet: 1,400
  • Heating Fuel Type: 3

    Utilities

  • Sewer System: 0
  • Water Service: 0

Building

  • Building Type: 0
  • Property Class: R
  • Land Acres: 0000000065
  • Standard Land Use Code: 1001
  • County Land Use Code: 101

Neighborhood

  • School District Name: Fall River School District
  • Census Tract: 640600

Zoning

  • Zoning: A-3

Geography

  • Parcel: FALL M:0I-24 B:0000 L:0033
  • Lot: 33
  • Municipality: FALL RIVER
  • Latitude: 41.69
  • Longitude: -71.1512

    Address

  • Full Address: 28 Terrace St
  • Address - House Number: 28
  • Address - Street Name: Terrace
  • Address - Suffix Type: St
  • State: MA
  • City Name: Fall River
  • Carrier Code: C053
  • 4-Digit Zip Code: 3924
  • Zip Code: 02721

Valuation

    Tax

  • Tax Year: 2023
  • Tax Amount: $353,000
  • Initial Tax Delinquent Year: 2023

    Appraisal Valuation

  • Standard Deviation: 0.2052
  • Valuation Date: Mar 13, 2024
  • Confidence Score: 72
  • Final Value: 369,082
  • High Value: 444,837
  • Low Value: 293,327

    Assessments Valuation

  • Assessed Year: 2023
  • Assessed Total Value: $287,700
  • Assessed Land Value: $78,600
  • Assessed Improvements Value: $209,100

    Sales

  • Current Sale Contract Date: Oct 14, 2022
  • Current Sale Recording Date: Oct 14, 2022
  • Current Sale Price:
    Premium
  • Current Sale Document Type: O
  • Current Sale Input Document Number: 18151
  • Previous Sale Recording Date: Feb 12, 2018
  • Previous Sale Amount: $221,000
  • 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:

$499,900

Sale Price/ft²

$241

Below Asking

0.02%

Average Days on Market

70

Average Home Size

2652 ft²

Average Home Age

86.8 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# 73020519

Frequently Asked Questions

When was property at 28 Terrace Street built and last sold?
The property at 28 Terrace Street was built in 1900 and last sold on Oct 14, 2022 for $324,000.
How much is this home worth?
The estimated value of the home located at 28 Terrace Street is $321,559.
What are some comparable homes to 28 Terrace Street?
There are currently no comparable homes to 28 Terrace Street.
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