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Fall River 02720
2831 N Main St
$170,000
● House - Off Market

2831 N Main St

Fall River, MA 02720
bedrooms
2 Beds
bathrooms
1 Bath
square feet
969 Ft²
$241,933
RealtyHop Estimate
51.30%
Since Aug 1, 2018
National-US
Primary Model

About This Property

Check out this adorable 2 bedroom cottage style home in Steepbrook area of Fall River!  Perfect starter home at a very reasonable price.  Built and owned by the same family since 1930, this unique home is in move in condition but could benefit from interior cosmetic updates.  First floor features galley style kitchen with SS appliances, large living room & dining room; 2nd level has full bath & 2 bedrooms with full walk up access to large attic perfect for storage or expansion possibilities. Recent improvements include cedar impression vinyl siding and newer heating system & oil tank.  Private back yard w/shed and one car attached garage.  Home is being sold in " as is" condition to settle an estate.
Unit Size
969 Ft²
Days on Market
-
Land Size
0.10 acres
Price per sqft
$165
Property Type
House
Property Taxes
$195
HOA Dues
-
Year Built
1930

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Cap Rate Calculator

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Cap Rate 100% Occupancy
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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 #72342302)

Price History

Date / Event Date Event Price
May 4, 2021 Sold
Premium
Sold
Mar 15, 2021 Listed by RE/MAX Right Choice $229,900
Listed by RE/MAX Right Choice
Jul 12, 2018 Sold
Premium
Sold
Jun 8, 2018 Listed by RE/MAX Right Choice $159,900
Listed by RE/MAX Right Choice

Property Highlights

Garage
Fireplace

Building Info

Overview

    General

  • Year Built: 1930
  • Effective Year Built: 1930
  • Building Count: 1
  • Total Rooms: 5
  • Bedroom Count: 2
  • Bathroom Count: 1
  • Full Bathrooms: 1
  • Partial Bathrooms: 1
  • 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: 691
  • Garage Type: 17
  • Parking Space Count: 1
  • Patio Type: 0
  • Porch Type: 0
  • Pool Type: 0

    Dimensions

  • Lot Size Square Feet: 4,447
  • Total Building Area: 969
  • Gross Building Area: 2,263
  • Building Area: 969
  • Building Area Measurement: L

    Heating and Cooling

  • Fireplace Count: 1
  • Air Conditioning: 0
  • Heating: 16
  • Heated Square Feet: 969
  • Heating Fuel Type: 3

    Utilities

  • Sewer System: 0
  • Water Service: 0

Building

  • Building Type: 0
  • Property Class: R
  • Land Acres: 0000000102
  • Standard Land Use Code: 1001
  • County Land Use Code: 101

Neighborhood

  • School District Name: Fall River School District
  • Census Tract: 642200

Zoning

  • Zoning: S

Geography

  • Parcel: FALL M:0T-21 B:0000 L:0046
  • Lot: 46
  • Municipality: FALL RIVER
  • Latitude: 41.7357
  • Longitude: -71.1331

    Address

  • Full Address: 2831 N Main St
  • Address - House Number: 2831
  • Street Direction: N
  • Address - Street Name: Main
  • Address - Suffix Type: St
  • State: MA
  • City Name: Fall River
  • Carrier Code: C047
  • 4-Digit Zip Code: 1523
  • Zip Code: 02720

Valuation

    Tax

  • Tax Year: 2023
  • Tax Amount: $307,600

    Appraisal Valuation

  • Standard Deviation: 0.2016
  • Valuation Date: Jan 17, 2024
  • Confidence Score: 72
  • Final Value: 333,831
  • High Value: 401,135
  • Low Value: 266,528

    Assessments Valuation

  • Assessed Year: 2023
  • Assessed Total Value: $250,700
  • Assessed Land Value: $102,700
  • Assessed Improvements Value: $148,000

    Sales

  • Current Sale Contract Date: May 04, 2021
  • Current Sale Recording Date: May 04, 2021
  • Current Sale Price:
    Premium
  • Current Sale Document Type: O
  • Current Sale Input Document Number: 10165
  • Previous Sale Recording Date: Jul 12, 2018
  • Previous Sale Amount: $170,000
  • 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# 72342302

Frequently Asked Questions

When was property at 2831 North Main Street built and last sold?
The property at 2831 North Main Street was built in 1930 and last sold on May 4, 2021 for $250,000.
How much is this home worth?
The estimated value of the home located at 2831 North Main Street is $234,646.
What are some comparable homes to 2831 North Main Street?
There are currently no comparable homes to 2831 North Main Street.
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