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Fall River 02724
389 Mount Hope Ave
$195,000
● House - Off Market

389 Mount Hope Ave

Fall River, MA 02724
bedrooms
3 Beds
bathrooms
1 Bath
square feet
1,159 Ft²
$320,597
RealtyHop Estimate
68.82%
Since Oct 1, 2016
National-US
Primary Model

About This Property

This home will not last, located off South Main Street with some distant water views this is a great home. Located on a corner lot with a nice size yard close to all amenities such as schools, shopping, parks and local/area highway systems. Walking in the front door to the left you have a nice size living room with a picture window to the front. This room is open to the kitchen and dining area behind. This floor also has a den with sliders to a rear deck, 1 bedroom and the full bathroom. The second floor has 2 additional bedrooms that have some nice built in storage. The basement is not finished but has potential for additional living area.
Unit Size
1,159 Ft²
Days on Market
-
Land Size
0.09 acres
Price per sqft
$164
Property Type
House
Property Taxes
$192
HOA Dues
-
Year Built
1950

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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: 6 months ago (MLSPIN #72035207)

Price History

Date / Event Date Event Price
Sep 26, 2016 Sold
Premium
Sold
Jul 8, 2016 Listed by Roberts Associates Real Estate $189,900
Listed by Roberts Associates Real Estate

Property Highlights

Building Info

Overview

    General

  • Year Built: 1950
  • Effective Year Built: 1950
  • Building Count: 1
  • Total Rooms: 5
  • Bedroom Count: 3
  • Bathroom Count: 1
  • Full Bathrooms: 1
  • Partial Bathrooms: 1
  • Building Condition: 3
  • Building Quality: 0
  • Construction Type: 6
  • Building Style: 4
  • Exterior Walls Type: 19
  • 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: 840
  • Garage Type: 0
  • Parking Space Count: 0
  • Patio Type: 0
  • Porch Type: 0
  • Pool Type: 0

    Dimensions

  • Lot Size Square Feet: 4,095
  • Total Building Area: 1,159
  • Gross Building Area: 2,602
  • Building Area: 1,159
  • Building Area Measurement: L

    Heating and Cooling

  • Air Conditioning: 0
  • Heating: 4
  • Heated Square Feet: 1,159
  • Heating Fuel Type: 3

    Utilities

  • Sewer System: 0
  • Water Service: 0

Building

  • Building Type: 0
  • Property Class: R
  • Land Acres: 0000000094
  • Standard Land Use Code: 1001
  • County Land Use Code: 101

Neighborhood

  • School District Name: Fall River School District
  • Census Tract: 640300

Zoning

  • Zoning: R-8

Geography

  • Parcel: FALL M:0A-09 B:0000 L:0029
  • Lot: 29
  • Municipality: FALL RIVER
  • Latitude: 41.6782
  • Longitude: -71.1864

    Address

  • Full Address: 389 Mount Hope Ave
  • Address - House Number: 389
  • Address - Street Name: Mount Hope
  • Address - Suffix Type: Ave
  • State: MA
  • City Name: Fall River
  • Carrier Code: C086
  • 4-Digit Zip Code: 1624
  • Zip Code: 02724

Valuation

    Tax

  • Tax Year: 2023
  • Tax Amount: $343,600

    Appraisal Valuation

  • Standard Deviation: 0.2026
  • Valuation Date: Jan 17, 2024
  • Confidence Score: 72
  • Final Value: 373,055
  • High Value: 448,651
  • Low Value: 297,460

    Assessments Valuation

  • Assessed Year: 2023
  • Assessed Total Value: $280,000
  • Assessed Land Value: $101,000
  • Assessed Improvements Value: $179,000

    Sales

  • Current Sale Recording Date: Sep 26, 2016
  • Current Sale Price:
    Premium
  • Current Sale Document Type: 71
  • Current Sale Input Document Number: 16455
  • Previous Sale Recording Date: Sep 20, 2016
  • Previous Sale Amount: $130,309
  • Previous Sale Document Type: 34
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:

$504,500

Sale Price/ft²

$241

Below Asking

0.02%

Average Days on Market

72

Average Home Size

2655 ft²

Average Home Age

84.7 years

Currently For Sale

201 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

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Last Updated: 6 months ago
Data Source: MLS PIN, MLS# 72035207

Frequently Asked Questions

When was property at 389 MT Hope Avenue built and last sold?
The property at 389 MT Hope Avenue was built in 1950 and last sold on Jan 1, 1970 for $195,000.
How much is this home worth?
The estimated value of the home located at 389 MT Hope Avenue is $192,875.
What are some comparable homes to 389 MT Hope Avenue?
There are currently no comparable homes to 389 MT Hope Avenue.
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