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Fall River 02721
359 Detroit St
$479,000
● House - Off Market

359 Detroit St

Fall River, MA 02721
bedrooms
3 Beds
bathrooms
2 Baths, 1 Half Bath
square feet
1,920 Ft²
$508,026
RealtyHop Estimate
5.86%
Since Feb 1, 2023
National-US
Primary Model

About This Property

NEW CONSTRUCTION -To be completed mid-December 2022. Charming contemporary colonial house. Featuring an open floor plan connecting the living room, kitchen, and dining areas. The open foyer makes for a grand and airy main entrance. The second floor features a primary bedroom with a walk-in closet and a full bathroom. Hardwood flooring throughout the whole house and quartz countertops for the kitchen and all bathrooms. Total of 3 bedrooms, 2 full bathrooms, and a half bathroom with laundry room conveniently on the first floor. The farmer's porch adds the desired charm and a cozy feel to this home. All renderings and pictures shown are for illustration purposes only, final finishes may vary. There is still time to choose many of the finish details and colors!
Unit Size
1,920 Ft²
Days on Market
-
Land Size
0.15 acres
Price per sqft
$250
Property Type
House
Property Taxes
$100
HOA Dues
-
Year Built
2022

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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: 5 months ago (MLSPIN #73055037)

Price History

Date / Event Date Event Price
Jan 6, 2023 Sold
Premium
Sold
Nov 16, 2022 In contract -
In contract
Nov 3, 2022 Listed by Paiva Real Estate Services, LLC $479,900
Listed by Paiva Real Estate Services, LLC
Apr 11, 2022 Sold
Premium
Sold

Property Highlights

Parking Available
Air Conditioning

Building Info

Overview

    General

  • Year Built: 2022
  • Effective Year Built: 2022
  • Building Count: 1
  • Bedroom Count: 0
  • Bathroom Count: 2
  • Full Bathrooms: 2
  • Partial Bathrooms: 2
  • Building Condition: 3
  • Building Quality: 0
  • Construction Type: 0
  • Building Style: 5
  • Exterior Walls Type: 19
  • Interior Walls Type: 0
  • Roof Shape Type: 1
  • Roof Cover Type: 15
  • Floor Count: 200
  • Floor Cover: 0
  • Basement Type: 7
  • Basement Area: 960
  • Garage Type: 0
  • Parking Space Count: 0
  • Patio Type: 0
  • Porch Type: 0
  • Pool Type: 0

    Dimensions

  • Lot Size Square Feet: 6,403
  • Total Building Area: 1,920
  • Gross Building Area: 3,372
  • Building Area: 1,920
  • Building Area Measurement: L

    Heating and Cooling

  • Air Conditioning: 13
  • Heating: 4
  • Heated Square Feet: 1,920
  • Heating Fuel Type: 3

    Utilities

  • Sewer System: 0
  • Water Service: 0

Building

  • Building Type: 0
  • Property Class: R
  • Land Acres: 0000000147
  • Standard Land Use Code: 1001
  • County Land Use Code: 101

Neighborhood

  • School District Name: Fall River School District
  • Census Tract: 640800

Zoning

  • Zoning: IND

Geography

  • Parcel: FALL M:0E-24 B:0000 L:0090
  • Lot: 90
  • Municipality: FALL RIVER
  • Latitude: 41.6777
  • Longitude: -71.1437

    Address

  • Full Address: 359 Detroit St
  • Address - House Number: 359
  • Address - Street Name: Detroit
  • Address - Suffix Type: St
  • State: MA
  • City Name: Fall River
  • Carrier Code: C034
  • 4-Digit Zip Code: 4920
  • Zip Code: 02721

Valuation

    Tax

  • Tax Year: 2023
  • Tax Amount: $529,900
  • Initial Tax Delinquent Year: 2023

    Appraisal Valuation

  • Standard Deviation: 0.1823
  • Valuation Date: Jan 17, 2024
  • Confidence Score: 76
  • Final Value: 502,363
  • High Value: 593,984
  • Low Value: 410,742

    Assessments Valuation

  • Assessed Year: 2023
  • Assessed Total Value: $431,900
  • Assessed Land Value: $104,400
  • Assessed Improvements Value: $327,500

    Sales

  • Current Sale Contract Date: Jan 05, 2023
  • Current Sale Recording Date: Jan 06, 2023
  • Current Sale Price:
    Premium
  • Current Sale Document Type: O
  • Current Sale Input Document Number: 214
  • Previous Sale Recording Date: Apr 11, 2022
  • Previous Sale Contract Date: Apr 11, 2022
  • Previous Sale Amount: $130,000
  • Previous Sale Document Type: O

    Financing

  • First Mortgage Financing Type: ADJ
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

72

Average Home Size

2677 ft²

Average Home Age

82.7 years

Currently For Sale

202 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 months ago
Data Source: MLS PIN, MLS# 73055037

Frequently Asked Questions

When was property at 359 Detroit Street built and last sold?
The property at 359 Detroit Street was built in 2022 and last sold on Jan 5, 2023 for $479,000.
How much is this home worth?
The estimated value of the home located at 359 Detroit Street is $486,854.
What are some comparable homes to 359 Detroit Street?
There are currently no comparable homes to 359 Detroit Street.
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