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Fall River 02721
397 Tower St
$110,000
● House - Off Market

397 Tower St

Fall River, MA 02721
bedrooms
2 Beds
bathrooms
1 Bath
square feet
1,156 Ft²
$181,254
RealtyHop Estimate
64.78%
Since Apr 1, 2017
National-US
Primary Model

About This Property

Great Location! Single level Ranch with 2 large bedrooms and a large yard as well.  Property offers nice open floor plan with a handicap ramp on the side of the house. Walking distance the Maplewood Park. State law requires Smoke/Carbon Monoxide detectors be installed for properties having combustible fuel heaters/furnaces, fireplaces, hot water heaters, clothes dryers, cooking appliances, or an attached garage, but seller is exempt from this requirement. Repairs:Plumbing does not hold pressure, Defective paint surfaces, Replace missing floor covering, Bathroom faucet is leaking.Replace missing floor covering. Selling Broker commission up to 3% of purchase price. (IE) INSURED WITH ESCROW. Eligible for FHA 203K - Finance Terms: Cash, Conventional, and FHA
Unit Size
1,156 Ft²
Days on Market
-
Land Size
0.24 acres
Price per sqft
$95
Property Type
House
Property Taxes
$164
HOA Dues
-
Year Built
1951

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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 #72100593)

Price History

Date / Event Date Event Price
Mar 10, 2017 Sold
Premium
Sold
Dec 10, 2016 Listed by CENTURY 21 Associates Realty, LLC $110,000
Listed by CENTURY 21 Associates Realty, LLC
Nov 3, 2016 Sold
Premium
Sold

Property Highlights

Parking Available

Building Info

Overview

    General

  • Year Built: 1951
  • Effective Year Built: 1951
  • Building Count: 1
  • Total Rooms: 4
  • Bedroom Count: 2
  • Bathroom Count: 1
  • Full Bathrooms: 1
  • Partial Bathrooms: 1
  • Building Condition: 6
  • Building Quality: 0
  • Construction Type: 6
  • Building Style: 11
  • Exterior Walls Type: 19
  • Interior Walls Type: 0
  • Roof Shape Type: 8
  • Roof Cover Type: 15
  • Floor Count: 100
  • Living Units: 1
  • Floor Cover: 0
  • Basement Type: 0
  • Basement Area: 0
  • Garage Type: 0
  • Parking Space Count: 0
  • Patio Type: 0
  • Porch Type: 0
  • Pool Type: 0

    Dimensions

  • Lot Size Square Feet: 10,502
  • Total Building Area: 1,156
  • Gross Building Area: 1,156
  • Building Area: 1,156
  • Building Area Measurement: L

    Heating and Cooling

  • Air Conditioning: 0
  • Heating: 10
  • Heated Square Feet: 1,156
  • Heating Fuel Type: 3

    Utilities

  • Sewer System: 0
  • Water Service: 0

Building

  • Building Type: 0
  • Property Class: R
  • Land Acres: 0000000241
  • Standard Land Use Code: 1001
  • County Land Use Code: 101

Neighborhood

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

Zoning

  • Zoning: B-L

Geography

  • Parcel: FALL M:0E-06 B:0000 L:0039
  • Lot: 39
  • Municipality: FALL RIVER
  • Latitude: 41.6796
  • Longitude: -71.1602

    Address

  • Full Address: 397 Tower St
  • Address - House Number: 397
  • Address - Street Name: Tower
  • Address - Suffix Type: St
  • State: MA
  • City Name: Fall River
  • Carrier Code: C029
  • 4-Digit Zip Code: 2454
  • Zip Code: 02721

Valuation

    Tax

  • Tax Year: 2023
  • Tax Amount: $274,100
  • Initial Tax Delinquent Year: 2024

    Appraisal Valuation

  • Standard Deviation: 0.2028
  • Valuation Date: Jan 17, 2024
  • Confidence Score: 72
  • Final Value: 305,580
  • High Value: 367,567
  • Low Value: 243,593

    Assessments Valuation

  • Assessed Year: 2023
  • Assessed Total Value: $223,400
  • Assessed Land Value: $106,800
  • Assessed Improvements Value: $116,600

    Sales

  • Current Sale Recording Date: Mar 10, 2017
  • Current Sale Price:
    Premium
  • Current Sale Document Type: 71
  • Current Sale Input Document Number: 4029
  • Previous Sale Recording Date: Nov 03, 2016
  • Previous Sale Amount: $86,817
  • 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:

$499,900

Sale Price/ft²

$241

Below Asking

0.02%

Average Days on Market

70

Average Home Size

2674 ft²

Average Home Age

86.3 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

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Last Updated: 4 months ago
Data Source: MLS PIN, MLS# 72100593

Frequently Asked Questions

When was property at 397 Tower Street built and last sold?
The property at 397 Tower Street was built in 1951 and last sold on Jan 1, 1970 for $110,000.
How much is this home worth?
The estimated value of the home located at 397 Tower Street is $122,123.
What are some comparable homes to 397 Tower Street?
There are currently no comparable homes to 397 Tower Street.
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