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Fall River 02721
298 Sterling Street
$480,000
● House - Off Market

298 Sterling Street

Fall River, MA 02721
bedrooms
3 Beds
bathrooms
2 Baths
square feet
2,048 Ft²
$485,438
RealtyHop Estimate
5.53%
Since Dec 1, 2022
National-US
Primary Model

About This Property

Beautiful large very clean colonial with three bedrooms and two baths on a large corner lot in Maplewood, one of Fall River's most desirable neighborhoods.Home has hardwood floors in all common areas, large kitchen with granite countertops with a large island. C/A, beautiful atrium staircase. Finished room in basement that is used as an art studio, or whatever you want it to be, maybe a mancave. Brand new tankless hot water.  Home is only ten years old and built by one of Fall River's best builders, the quality shows throughout this home. Homes like this in this area don't come up often so, if you're looking for a forever home be sure to check this one out. No Showings until Sunday September 18th, see open house instructions.
Unit Size
2,048 Ft²
Days on Market
-
Land Size
0.20 acres
Price per sqft
$225
Property Type
House
Property Taxes
$350
HOA Dues
-
Year Built
2012

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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 #73035387)

Price History

Date / Event Date Event Price
Nov 15, 2022 Sold
Premium
Sold
Sep 27, 2022 In contract -
In contract
Sep 27, 2022 Relisted $242,500
Relisted
Sep 20, 2022 In contract -
In contract
Sep 12, 2022 Listed by Keller Williams South Watuppa $460,000
Listed by Keller Williams South Watuppa
Show More

Property Highlights

Parking Available
Air Conditioning

Building Info

Overview

    General

  • Year Built: 2012
  • Effective Year Built: 2012
  • Building Count: 1
  • Bedroom Count: 0
  • Bathroom Count: 2
  • Full Bathrooms: 1
  • 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: 1,020
  • Garage Type: 0
  • Parking Space Count: 0
  • Patio Type: 0
  • Porch Type: 0
  • Pool Type: 0

    Dimensions

  • Lot Size Square Feet: 8,812
  • Total Building Area: 2,048
  • Gross Building Area: 3,257
  • Building Area: 2,048
  • Building Area Measurement: L

    Heating and Cooling

  • Air Conditioning: 13
  • Heating: 4
  • Heated Square Feet: 2,048
  • Heating Fuel Type: 3

    Utilities

  • Sewer System: 0
  • Water Service: 0

Building

  • Building Type: 0
  • Property Class: R
  • Subdivision: ROSLYN NEW SUBURB
  • Land Acres: 0000000202
  • Standard Land Use Code: 1001
  • County Land Use Code: 101

Neighborhood

  • School District Name: Fall River School District
  • Census Tract: 640100

Zoning

  • Zoning: R-8

Geography

  • Parcel: FALL M:0D-16 B:0000 L:0022
  • Lot: 22
  • Municipality: FALL RIVER
  • Latitude: 41.6662
  • Longitude: -71.1542

    Address

  • Full Address: 298 Sterling St
  • Address - House Number: 298
  • Address - Street Name: Sterling
  • Address - Suffix Type: St
  • State: MA
  • City Name: Fall River
  • Carrier Code: C016
  • 4-Digit Zip Code: 3112
  • Zip Code: 02721

Valuation

    Tax

  • Tax Year: 2023
  • Tax Amount: $479,500
  • Initial Tax Delinquent Year: 2023

    Appraisal Valuation

  • Standard Deviation: 0.1826
  • Valuation Date: Mar 13, 2024
  • Confidence Score: 76
  • Final Value: 501,250
  • High Value: 592,805
  • Low Value: 409,696

    Assessments Valuation

  • Assessed Year: 2023
  • Assessed Total Value: $390,800
  • Assessed Land Value: $106,700
  • Assessed Improvements Value: $284,100

    Sales

  • Current Sale Contract Date: Nov 15, 2022
  • Current Sale Recording Date: Nov 15, 2022
  • Current Sale Price:
    Premium
  • Current Sale Document Type: O
  • Current Sale Input Document Number: 19697
  • Previous Sale Recording Date: Aug 31, 2012
  • Previous Sale Amount: $242,500
  • 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# 73035387

Frequently Asked Questions

When was property at 298 Sterling Street built and last sold?
The property at 298 Sterling Street was built in 2012 and last sold on Nov 15, 2022 for $480,000.
How much is this home worth?
The estimated value of the home located at 298 Sterling Street is $463,085.
What are some comparable homes to 298 Sterling Street?
There are currently no comparable homes to 298 Sterling Street.
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