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Fall River 02720
491 Herman
$335,000
● House - Off Market

491 Herman

Fall River, MA 02720
bedrooms
3 Beds
bathrooms
1 Bath
square feet
1,304 Ft²
$414,396
RealtyHop Estimate
33.72%
Since Nov 1, 2020
National-US
Primary Model

About This Property

This Highlands ranch is "Ready to Go". It has a great floor plan and has been lovingly maintained over the years.One feature that you may love is its privacy on 13000 square feet of land with the parklike backyard for your enjoyment. Full AC assures a comfortable summer indoors. Location, location ,location and close to highway access for commuters.. Two fireplaces, the living room one is gas fired, the basement fireplace is wood burning. The kitchen has a breakfast area in addition to the dining area.  a breezeway connects to the install garage.    The basement has plumbing in place for a half bath
Unit Size
1,304 Ft²
Days on Market
-
Land Size
0.32 acres
Price per sqft
$238
Property Type
House
Property Taxes
$274
HOA Dues
-
Year Built
1955

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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: 4 years ago (MLSPIN #72714121)

Price History

Date / Event Date Event Price
Oct 26, 2020 Sold
Premium
Sold
Aug 21, 2020 Listed by Anne Whiting Real Estate $309,900
Listed by Anne Whiting Real Estate
Oct 7, 1975 Sold
Premium
Sold

Property Highlights

Air Conditioning
Garage
Parking Available

Building Info

Overview

    General

  • Year Built: 1955
  • Effective Year Built: 1955
  • Building Count: 1
  • Total Rooms: 5
  • Bedroom Count: 3
  • Bathroom Count: 1
  • Full Bathrooms: 1
  • Partial Bathrooms: 1
  • Building Condition: 6
  • Building Quality: 0
  • Construction Type: 6
  • Building Style: 11
  • Exterior Walls Type: 18
  • 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: 1,304
  • Garage Type: 1
  • Parking Space Count: 0
  • Patio Type: 0
  • Porch Type: 0
  • Pool Type: 0

    Dimensions

  • Lot Size Square Feet: 13,809
  • Total Building Area: 1,304
  • Gross Building Area: 3,097
  • Building Area: 1,304
  • Building Area Measurement: L

    Heating and Cooling

  • Fireplace Count: 1
  • Air Conditioning: 13
  • Heating: 4
  • Heated Square Feet: 1,304
  • Heating Fuel Type: 3

    Utilities

  • Sewer System: 0
  • Water Service: 0

Building

  • Building Type: 0
  • Property Class: R
  • Land Acres: 0000000317
  • Standard Land Use Code: 1001
  • County Land Use Code: 101

Neighborhood

  • School District Name: Fall River School District
  • Census Tract: 642500

Zoning

  • Zoning: S

Geography

  • Parcel: FALL M:0U-19 B:0000 L:0004
  • Lot: 4
  • Municipality: FALL RIVER
  • Latitude: 41.7304
  • Longitude: -71.1276

    Address

  • Full Address: 491 Herman St
  • Address - House Number: 491
  • Address - Street Name: Herman
  • Address - Suffix Type: St
  • State: MA
  • City Name: Fall River
  • Carrier Code: C046
  • 4-Digit Zip Code: 6615
  • Zip Code: 02720

Valuation

    Tax

  • Tax Year: 2023
  • Tax Amount: $377,400
  • Initial Tax Delinquent Year: 2022

    Appraisal Valuation

  • Standard Deviation: 0.1865
  • Valuation Date: Jan 17, 2024
  • Confidence Score: 75
  • Final Value: 412,457
  • High Value: 489,415
  • Low Value: 335,499

    Assessments Valuation

  • Assessed Year: 2023
  • Assessed Total Value: $307,600
  • Assessed Land Value: $105,700
  • Assessed Improvements Value: $201,900

    Sales

  • Current Sale Contract Date: Oct 20, 2020
  • Current Sale Recording Date: Oct 26, 2020
  • Current Sale Price:
    Premium
  • Current Sale Document Type: O
  • Current Sale Input Document Number: 19714
  • Previous Sale Recording Date: Oct 07, 1975
  • Previous Sale Amount: $31,500
  • 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

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 years ago
Data Source: MLS PIN, MLS# 72714121

Frequently Asked Questions

When was property at 491 Herman Street built and last sold?
The property at 491 Herman Street was built in 1955 and last sold on Oct 20, 2020 for $335,000.
How much is this home worth?
The estimated value of the home located at 491 Herman Street is $0.
What are some comparable homes to 491 Herman Street?
There are currently no comparable homes to 491 Herman Street.
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