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Fall River 02721
494 Spencer St
$155,000
● House - Off Market

494 Spencer St

Fall River, MA 02721
bedrooms
3 Beds
bathrooms
1 Bath, 1 Half Bath
square feet
1,950 Ft²
$364,935
RealtyHop Estimate
115.94%
Since Dec 1, 2012
National-US
Primary Model

About This Property

Easy Money!!  A little landscaping and cosmetic work should significantly increase the value of this neglected 3 bedroom 1.5 bath ranch in desirable area of qualitiy homes.  Featuring large eat-in kitchen with slider to deck.It has all the basics and more, but make no mistake it's a fixer upper and priced accordingly.
Unit Size
1,950 Ft²
Days on Market
-
Land Size
0.32 acres
Price per sqft
$87
Property Type
House
Property Taxes
$206
HOA Dues
-
Year Built
1976

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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 #71422278)

Price History

Date / Event Date Event Price
Nov 9, 2012 Sold
Premium
Sold
Aug 14, 2012 Listed by Keller Williams Realty $169,000
Listed by Keller Williams Realty
Apr 23, 1999 Sold
Premium
Sold

Property Highlights

Parking Available

Building Info

Overview

    General

  • Year Built: 1976
  • Effective Year Built: 1976
  • Building Count: 1
  • Total Rooms: 6
  • Bedroom Count: 3
  • Bathroom Count: 2
  • Full Bathrooms: 1
  • Partial Bathrooms: 2
  • Building Condition: 2
  • Building Quality: 0
  • Construction Type: 6
  • Building Style: 11
  • 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: 1,040
  • Garage Type: 1
  • Parking Space Count: 1
  • Patio Type: 0
  • Porch Type: 0
  • Pool Type: 0

    Dimensions

  • Lot Size Square Feet: 13,978
  • Total Building Area: 1,950
  • Gross Building Area: 3,054
  • Building Area: 1,950
  • Building Area Measurement: L

    Heating and Cooling

  • Air Conditioning: 0
  • Heating: 4
  • Heated Square Feet: 1,950
  • Heating Fuel Type: 3

    Utilities

  • Sewer System: 0
  • Water Service: 0

Building

  • Building Type: 0
  • Property Class: R
  • Land Acres: 0000000321
  • Standard Land Use Code: 1001
  • County Land Use Code: 101

Neighborhood

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

Zoning

  • Zoning: S

Geography

  • Parcel: FALL M:0D-07 B:0000 L:0085
  • Lot: 85
  • Municipality: FALL RIVER
  • Latitude: 41.6675
  • Longitude: -71.1449

    Address

  • Full Address: 494 Spencer St
  • Address - House Number: 494
  • Address - Street Name: Spencer
  • Address - Suffix Type: St
  • State: MA
  • City Name: Fall River
  • Carrier Code: C016
  • 4-Digit Zip Code: 4514
  • Zip Code: 02721

Valuation

    Tax

  • Tax Year: 2023
  • Tax Amount: $347,400

    Appraisal Valuation

  • Standard Deviation: 0.2028
  • Valuation Date: Jan 17, 2024
  • Confidence Score: 72
  • Final Value: 404,754
  • High Value: 486,858
  • Low Value: 322,649

    Assessments Valuation

  • Assessed Year: 2023
  • Assessed Total Value: $283,100
  • Assessed Land Value: $127,100
  • Assessed Improvements Value: $156,000

    Sales

  • Current Sale Recording Date: Nov 09, 2012
  • Current Sale Price:
    Premium
  • Current Sale Document Type: O
  • Current Sale Input Document Number: 00000004
  • Previous Sale Recording Date: Apr 23, 1999
  • Previous Sale Amount: $125,000
  • Previous Sale Document Type: 48
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

2629 ft²

Average Home Age

85.8 years

Currently For Sale

216 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: 4 months ago
Data Source: MLS PIN, MLS# 71422278

Frequently Asked Questions

When was property at 494 Spencer Street built and last sold?
The property at 494 Spencer Street was built in 1976 and last sold on Jan 1, 1970 for $155,000.
How much is this home worth?
The estimated value of the home located at 494 Spencer Street is $188,454.
What are some comparable homes to 494 Spencer Street?
There are currently no comparable homes to 494 Spencer Street.
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