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Fall River 02720
405 Reading St
$245,000
● House - Off Market

405 Reading St

Fall River, MA 02720
bedrooms
3 Beds
bathrooms
1 Bath, 1 Half Bath
square feet
1,426 Ft²
$378,807
RealtyHop Estimate
51.58%
Since Jul 1, 2018
National-US
Primary Model

About This Property

MOTIVATED SELLER! 3 BEDROOM, 1.5 BATH CAPE WITH HARDWOOD FLOORS THROUGHOUT.  HOME FEATURES L ARGE BEDROOMS, FIREPLACE, SCREENED IN PORCH, AND ONE STALL GARAGE.
Unit Size
1,426 Ft²
Days on Market
-
Land Size
0.11 acres
Price per sqft
$175
Property Type
House
Property Taxes
$244
HOA Dues
-
Year Built
1926

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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 months ago (MLSPIN #72291763)

Price History

Date / Event Date Event Price
Jun 18, 2018 Sold
Premium
Sold
Mar 9, 2018 Listed by Cameron Real Estate Group - Fall River $249,900
Listed by Cameron Real Estate Group - Fall River
Dec 21, 2012 Sold
Premium
Sold
Apr 1, 2003 Sold
Premium
Sold
Sep 13, 2002 Listed by Equity Real Estate $230,000
Listed by Equity Real Estate
3 BEDROOM 1.5 BATH HOME WITH HARDWOOD FLOORS, FIREPLACE, FORMAL DINING AND LIVING ROOMS, SUN PORCH, NEW WINDOWS, VINYL SIDED, ONE STALL GARAGE.

Property Highlights

Garage
Parking Available
Air Conditioning
Fireplace

Building Info

Overview

    General

  • Year Built: 1926
  • Effective Year Built: 1926
  • Building Count: 1
  • Total Rooms: 7
  • Bedroom Count: 3
  • Bathroom Count: 2
  • Full Bathrooms: 1
  • Partial Bathrooms: 2
  • 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: 200
  • Living Units: 1
  • Floor Cover: 0
  • Basement Type: 7
  • Basement Area: 907
  • Garage Type: 4
  • Parking Space Count: 0
  • Patio Type: 0
  • Porch Type: 0
  • Pool Type: 0

    Dimensions

  • Lot Size Square Feet: 4,652
  • Total Building Area: 1,426
  • Gross Building Area: 2,899
  • Building Area: 1,426
  • Building Area Measurement: L

    Heating and Cooling

  • Fireplace Count: 1
  • Air Conditioning: 0
  • Heating: 16
  • Heated Square Feet: 1,426
  • Heating Fuel Type: 3

    Utilities

  • Sewer System: 0
  • Water Service: 0

Building

  • Building Type: 0
  • Property Class: R
  • Land Acres: 0000000107
  • 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-04 B:0000 L:0058
  • Lot: 58
  • Municipality: FALL RIVER
  • Latitude: 41.7235
  • Longitude: -71.1328

    Address

  • Full Address: 405 Reading St
  • Address - House Number: 405
  • Address - Street Name: Reading
  • Address - Suffix Type: St
  • State: MA
  • City Name: Fall River
  • Carrier Code: C019
  • 4-Digit Zip Code: 6527
  • Zip Code: 02720

Valuation

    Tax

  • Tax Year: 2023
  • Tax Amount: $425,800

    Appraisal Valuation

  • Standard Deviation: 0.2016
  • Valuation Date: Jan 17, 2024
  • Confidence Score: 72
  • Final Value: 429,429
  • High Value: 516,006
  • Low Value: 342,852

    Assessments Valuation

  • Assessed Year: 2023
  • Assessed Total Value: $347,000
  • Assessed Land Value: $113,800
  • Assessed Improvements Value: $233,200

    Sales

  • Current Sale Recording Date: Jun 18, 2018
  • Current Sale Price:
    Premium
  • Current Sale Document Type: O
  • Current Sale Input Document Number: 9746
  • Previous Sale Recording Date: Dec 21, 2012
  • Previous Sale Amount: $209,000
  • Previous Sale Document Type: O
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# 72291763

Frequently Asked Questions

When was property at 405 Reading Street built and last sold?
The property at 405 Reading Street was built in 1926 and last sold on Jan 1, 1970 for $245,000.
How much is this home worth?
The estimated value of the home located at 405 Reading Street is $258,583.
What are some comparable homes to 405 Reading Street?
There are currently no comparable homes to 405 Reading Street.
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