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Fall River 02720
353 Archer
$395,000
● House - Off Market

353 Archer

Fall River, MA 02720
bedrooms
3 Beds
bathrooms
2 Baths, 1 Half Bath
square feet
1,404 Ft²
$2,147
Est. Monthly

About This Property

Welcome to 353 Archer Street! This beautiful cape nestled within the picturesque Fall River Highlands has so much to offer! This home features a first floor bedroom, replacement windows, central air, and hardwood floors throughout the first level. In addition to a large bedroom off the kitchen, the first level offers a lovely dining area that flows through to the beautiful living room with fireplace. The upstairs offers two bedrooms separated by a full bathroom. The basement is partially finished and offers a bonus room with full bath as well. Finally, the backyard offers a lovely space to entertain and a shed for additional storage. Next showings at Open House Friday November 3rd from 5:00-6:30pm. Seller reserves the right to accept an offer at any time.
Unit Size
1,404 Ft²
Days on Market
-
Land Size
0.11 acres
Price per sqft
$267
Property Type
House
Property Taxes
$305
HOA Dues
-
Year Built
1947

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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 #73172971)

Price History

Date / Event Date Event Price
Dec 19, 2023 Sold
Premium
Sold
Nov 5, 2023 In contract -
In contract
Oct 22, 2023 Listed by Lamacchia Realty, Inc. $375,000
Listed by Lamacchia Realty, Inc.
Aug 31, 1990 Sold
Premium
Sold

Property Highlights

Air Conditioning
Fireplace

Building Info

Overview

    General

  • Year Built: 1947
  • Effective Year Built: 1947
  • Building Count: 1
  • Total Rooms: 6
  • Bedroom Count: 3
  • Bathroom Count: 3
  • Full Bathrooms: 2
  • Partial Bathrooms: 3
  • Building Condition: 6
  • Building Quality: 0
  • Construction Type: 6
  • Building Style: 4
  • 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: 720
  • Garage Type: 0
  • Parking Space Count: 0
  • Patio Type: 0
  • Porch Type: 0
  • Pool Type: 0

    Dimensions

  • Lot Size Square Feet: 4,840
  • Total Building Area: 1,404
  • Gross Building Area: 2,478
  • Building Area: 1,404
  • Building Area Measurement: L

    Heating and Cooling

  • Fireplace Count: 1
  • Air Conditioning: 0
  • Heating: 16
  • Heated Square Feet: 1,404
  • Heating Fuel Type: 3

    Utilities

  • Sewer System: 0
  • Water Service: 0

Building

  • Building Type: 0
  • Property Class: R
  • Land Acres: 0000000111
  • Standard Land Use Code: 1001
  • County Land Use Code: 101

Neighborhood

  • School District Name: Fall River School District
  • Census Tract: 642300

Zoning

  • Zoning: S

Geography

  • Parcel: FALL M:0R-15 B:0000 L:0031
  • Lot: 31
  • Municipality: FALL RIVER
  • Latitude: 41.7237
  • Longitude: -71.1307

    Address

  • Full Address: 353 Archer St
  • Address - House Number: 353
  • Address - Street Name: Archer
  • Address - Suffix Type: St
  • State: MA
  • City Name: Fall River
  • Carrier Code: C019
  • 4-Digit Zip Code: 6548
  • Zip Code: 02720

Valuation

    Tax

  • Tax Year: 2023
  • Tax Amount: $366,300

    Appraisal Valuation

  • Standard Deviation: 0.0891
  • Valuation Date: Jan 17, 2024
  • Confidence Score: 92
  • Final Value: 379,962
  • High Value: 413,842
  • Low Value: 346,081

    Assessments Valuation

  • Assessed Year: 2023
  • Assessed Total Value: $298,500
  • Assessed Land Value: $114,000
  • Assessed Improvements Value: $184,500

    Sales

  • Current Sale Contract Date: Dec 19, 2023
  • Current Sale Recording Date: Dec 19, 2023
  • Current Sale Price:
    Premium
  • Current Sale Document Type: O
  • Current Sale Input Document Number: 17417
  • Previous Sale Recording Date: Aug 31, 1990
  • Previous Sale Amount: $130,000
  • 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

2629 ft²

Average Home Age

85.8 years

Currently For Sale

216 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# 73172971

Frequently Asked Questions

When was property at 353 Archer Street built and last sold?
The property at 353 Archer Street was built in 1947 and last sold on Dec 19, 2023 for $395,000.
How much is this home worth?
The estimated value of the home located at 353 Archer Street is $381,675.
What are some comparable homes to 353 Archer Street?
There are currently no comparable homes to 353 Archer Street.
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