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Fall River 02720
31 Merritt St
$370,000
● House - Off Market

31 Merritt St

Fall River, MA 02720
bedrooms
2 Beds
bathrooms
1 Bath
square feet
2,073 Ft²
$431,746
RealtyHop Estimate
17.00%
Since Jul 1, 2021
National-US
Primary Model

About This Property

We will start showing this beautiful very well maintained Highlands home on April 24 starting at 10:00 am. Call and reserve an appointment. Ready or your customer to move right in and enjoy this lovely location. This listing is up to date in almost every category you could consider The huge family room with its gas fireplace is the focal point of the home. The modern kitchen with dining area is just off the entrance foyer as is the formal dining as well One of the two bedrooms has a large sunroom attached for year round use with an outdoor patio next to it. The lot is private and has over 15,000 square feet of land, a two stall garage is under the family room.
Unit Size
2,073 Ft²
Days on Market
-
Land Size
0.36 acres
Price per sqft
$178
Property Type
House
Property Taxes
$338
HOA Dues
-
Year Built
1960

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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: 5 years ago (MLSPIN #72813893)

Price History

Date / Event Date Event Price
Jun 2, 2021 Sold
Premium
Sold
Apr 13, 2021 Listed by Home Advantage Real Estate, Inc. $369,000
Listed by Home Advantage Real Estate, Inc.

Property Highlights

Parking Available
Fireplace

Building Info

Overview

    General

  • Year Built: 1960
  • Effective Year Built: 1960
  • Building Count: 1
  • Total Rooms: 5
  • Bedroom Count: 2
  • Bathroom Count: 2
  • Full Bathrooms: 1
  • Partial Bathrooms: 2
  • Building Condition: 3
  • Building Quality: 0
  • Construction Type: 6
  • Building Style: 11
  • Exterior Walls Type: 18
  • Interior Walls Type: 0
  • Roof Shape Type: 1
  • Roof Cover Type: 15
  • Floor Count: 100
  • Living Units: 1
  • Floor Cover: 0
  • Basement Type: 7
  • Basement Area: 1,312
  • Garage Type: 17
  • Parking Space Count: 2
  • Patio Type: 0
  • Porch Type: 0
  • Pool Type: 0

    Dimensions

  • Lot Size Square Feet: 15,730
  • Total Building Area: 2,073
  • Gross Building Area: 3,185
  • Building Area: 2,073
  • Building Area Measurement: L

    Heating and Cooling

  • Fireplace Count: 1
  • Air Conditioning: 13
  • Heating: 4
  • Heated Square Feet: 2,073
  • Heating Fuel Type: 3

    Utilities

  • Sewer System: 0
  • Water Service: 0

Building

  • Building Type: 0
  • Property Class: R
  • Land Acres: 0000000361
  • Standard Land Use Code: 1001
  • County Land Use Code: 101

Neighborhood

  • School District Name: Fall River School District
  • Census Tract: 642500

Zoning

  • Zoning: S

Geography

  • Parcel: FALL M:0U-12 B:0000 L:0019
  • Lot: 19
  • Municipality: FALL RIVER
  • Latitude: 41.7297
  • Longitude: -71.1282

    Address

  • Full Address: 31 Merritt St
  • Address - House Number: 31
  • Address - Street Name: Merritt
  • Address - Suffix Type: St
  • State: MA
  • City Name: Fall River
  • Carrier Code: C023
  • 4-Digit Zip Code: 6601
  • Zip Code: 02720

Valuation

    Tax

  • Tax Year: 2023
  • Tax Amount: $457,700
  • Initial Tax Delinquent Year: 2022

    Appraisal Valuation

  • Standard Deviation: 0.1865
  • Valuation Date: Jan 17, 2024
  • Confidence Score: 75
  • Final Value: 473,525
  • High Value: 561,877
  • Low Value: 385,172

    Assessments Valuation

  • Assessed Year: 2023
  • Assessed Total Value: $373,000
  • Assessed Land Value: $155,600
  • Assessed Improvements Value: $217,400

    Sales

  • Current Sale Contract Date: Jun 01, 2021
  • Current Sale Recording Date: Jun 02, 2021
  • Current Sale Price:
    Premium
  • Current Sale Document Type: O
  • Current Sale Input Document Number: 12677
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

71

Average Home Size

2691 ft²

Average Home Age

83.4 years

Currently For Sale

200 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: 5 years ago
Data Source: MLS PIN, MLS# 72813893

Frequently Asked Questions

When was property at 31 Merritt Street built and last sold?
The property at 31 Merritt Street was built in 1960 and last sold on Jun 1, 2021 for $370,000.
How much is this home worth?
The estimated value of the home located at 31 Merritt Street is $382,224.
What are some comparable homes to 31 Merritt Street?
There are currently no comparable homes to 31 Merritt Street.
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