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Fall River 02720
498 Reading St
$265,000
● House - Off Market

498 Reading St

Fall River, MA 02720
bedrooms
4 Beds
bathrooms
2 Baths
square feet
1,519 Ft²
$409,840
RealtyHop Estimate
46.38%
Since Dec 1, 2019
National-US
Primary Model

About This Property

Call this your home in the heart of the historical Highland neighborhood. This 4 bedroom corner lot home has a lot to offer, fireplace, screened in porch, 2 full baths, 2 car garage, replacement windows, life time roof that is only 4 years old, deck off the master bedroom, and hardwood floors to say the least. Call today to see this home for your self!
Unit Size
1,519 Ft²
Days on Market
-
Land Size
0.09 acres
Price per sqft
$184
Property Type
House
Property Taxes
$338
HOA Dues
-
Year Built
1940

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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 months ago (MLSPIN #72564528)

Price History

Date / Event Date Event Price
Nov 18, 2019 Sold
Premium
Sold
Sep 12, 2019 Listed by Weichert, REALTORS® - SBA Group $279,990
Listed by Weichert, REALTORS® - SBA Group
Feb 21, 2001 Sold
Premium
Sold

Property Highlights

Garage
Parking Available
Air Conditioning
Fireplace

Building Info

Overview

    General

  • Year Built: 1940
  • Effective Year Built: 1940
  • Building Count: 1
  • Total Rooms: 7
  • Bedroom Count: 3
  • Bathroom Count: 2
  • Full Bathrooms: 2
  • 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: 884
  • Garage Type: 1
  • Parking Space Count: 0
  • Patio Type: 0
  • Porch Type: 0
  • Pool Type: 0

    Dimensions

  • Lot Size Square Feet: 4,112
  • Total Building Area: 1,519
  • Gross Building Area: 3,759
  • Building Area: 1,519
  • Building Area Measurement: L

    Heating and Cooling

  • Fireplace Count: 1
  • Air Conditioning: 0
  • Heating: 16
  • Heated Square Feet: 1,519
  • Heating Fuel Type: 3

    Utilities

  • Sewer System: 0
  • Water Service: 0

Building

  • Building Type: 0
  • Property Class: R
  • Subdivision: ALFRED H LEEMING
  • Land Acres: 0000000094
  • 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:0U-18 B:0000 L:0010
  • Lot: 10
  • Municipality: FALL RIVER
  • Latitude: 41.7248
  • Longitude: -71.1328

    Address

  • Full Address: 498 Reading St
  • Address - House Number: 498
  • Address - Street Name: Reading
  • Address - Suffix Type: St
  • State: MA
  • City Name: Fall River
  • Carrier Code: C019
  • 4-Digit Zip Code: 6541
  • Zip Code: 02720

Valuation

    Tax

  • Tax Year: 2023
  • Tax Amount: $435,300

    Appraisal Valuation

  • Standard Deviation: 0.2016
  • Valuation Date: Jan 17, 2024
  • Confidence Score: 72
  • Final Value: 442,512
  • High Value: 531,726
  • Low Value: 353,298

    Assessments Valuation

  • Assessed Year: 2023
  • Assessed Total Value: $354,800
  • Assessed Land Value: $97,300
  • Assessed Improvements Value: $257,500

    Sales

  • Current Sale Contract Date: Nov 18, 2019
  • Current Sale Recording Date: Nov 18, 2019
  • Current Sale Price:
    Premium
  • Current Sale Document Type: O
  • Current Sale Input Document Number: 20220
  • Previous Sale Recording Date: Feb 21, 2001
  • Previous Sale Amount: $165,000
  • 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

2652 ft²

Average Home Age

86.8 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

Rentals Near You

Click here to view more rentals in the neighborhood.
Last Updated: 4 months ago
Data Source: MLS PIN, MLS# 72564528

Frequently Asked Questions

When was property at 498 Reading Street built and last sold?
The property at 498 Reading Street was built in 1940 and last sold on Nov 18, 2019 for $265,000.
How much is this home worth?
The estimated value of the home located at 498 Reading Street is $286,181.
What are some comparable homes to 498 Reading Street?
There are currently no comparable homes to 498 Reading Street.
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