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Fall River 02724
281 Hamlet St
$245,000
● House - Off Market

281 Hamlet St

Fall River, MA 02724
bedrooms
3 Beds
bathrooms
1 Bath, 1 Half Bath
square feet
1,152 Ft²
$291,940
RealtyHop Estimate
4.64%
Since Nov 1, 2022
National-US
Primary Model

About This Property

Affordable & comfortable. Classic cottage, set back from the street, with paved driveway.  Enter the front door to a generous-sized living room, separate dining area, applianced kitchen, new half bath. Upper level has 3 bedrooms and a full bath. Forced hot water, baseboard heat, separate water heater.  Full basement for storage and exercise equipment.  The small yard is fenced, with space for a garden or picnic table.  Off-street parking.  Only a short distance to highways and shopping areas.
Unit Size
1,152 Ft²
Days on Market
-
Land Size
0.05 acres
Price per sqft
$242
Property Type
House
Property Taxes
$212
HOA Dues
-
Year Built
1930

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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 #73025328)

Price History

Date / Event Date Event Price
Oct 7, 2022 Sold
Premium
Sold
Aug 15, 2022 Listed by Right Choice Real Estate $279,000
Listed by Right Choice Real Estate
Apr 20, 2007 Sold
Premium
Sold
Dec 15, 2006 Listed by Right Choice Real Estate $187,000
Listed by Right Choice Real Estate

Property Highlights

Parking Available
Air Conditioning

Building Info

Overview

    General

  • Year Built: 1930
  • Effective Year Built: 1930
  • 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: 18
  • 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: 756
  • Garage Type: 0
  • Parking Space Count: 0
  • Patio Type: 0
  • Porch Type: 0
  • Pool Type: 0

    Dimensions

  • Lot Size Square Feet: 2,208
  • Total Building Area: 1,152
  • Gross Building Area: 2,364
  • Building Area: 1,152
  • Building Area Measurement: L

    Heating and Cooling

  • Air Conditioning: 0
  • Heating: 10
  • Heated Square Feet: 1,152
  • Heating Fuel Type: 3

    Utilities

  • Sewer System: 0
  • Water Service: 0

Building

  • Building Type: 0
  • Property Class: R
  • Land Acres: 0000000051
  • Standard Land Use Code: 1001
  • County Land Use Code: 101

Neighborhood

  • School District Name: Fall River School District
  • Census Tract: 640201

Zoning

  • Zoning: A-3

Geography

  • Parcel: FALL M:0F-28 B:0000 L:0057
  • Lot: 57
  • Municipality: FALL RIVER
  • Latitude: 41.6885
  • Longitude: -71.1616

    Address

  • Full Address: 281 Hamlet St
  • Address - House Number: 281
  • Address - Street Name: Hamlet
  • Address - Suffix Type: St
  • State: MA
  • City Name: Fall River
  • Carrier Code: C082
  • 4-Digit Zip Code: 3342
  • Zip Code: 02724

Valuation

    Tax

  • Tax Year: 2023
  • Tax Amount: $271,200

    Appraisal Valuation

  • Standard Deviation: 0.1937
  • Valuation Date: Jan 17, 2024
  • Confidence Score: 74
  • Final Value: 302,976
  • High Value: 361,691
  • Low Value: 244,261

    Assessments Valuation

  • Assessed Year: 2023
  • Assessed Total Value: $221,000
  • Assessed Land Value: $83,300
  • Assessed Improvements Value: $137,700

    Sales

  • Current Sale Contract Date: Oct 07, 2022
  • Current Sale Recording Date: Oct 07, 2022
  • Current Sale Price:
    Premium
  • Current Sale Document Type: O
  • Current Sale Input Document Number: 17779
  • Previous Sale Recording Date: Apr 20, 2007
  • Previous Sale Amount: $184,000
  • Previous Sale Document Type: 27
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

2688 ft²

Average Home Age

86.3 years

Currently For Sale

213 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# 73025328

Frequently Asked Questions

When was property at 281 Hamlet Street built and last sold?
The property at 281 Hamlet Street was built in 1930 and last sold on Oct 7, 2022 for $245,000.
How much is this home worth?
The estimated value of the home located at 281 Hamlet Street is $278,316.
What are some comparable homes to 281 Hamlet Street?
There are currently no comparable homes to 281 Hamlet Street.
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