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Fall River 02720
500 Montgomery St
$394,000
● House - Off Market

500 Montgomery St

Fall River, MA 02720
bedrooms
4 Beds
bathrooms
2 Baths
square feet
2,683 Ft²
$2,557
Est. Monthly

About This Property

North end desirable highland area 4 bedroom 2 baths. Nice outside patio w/ Bose sound system and projector. Open floor plan living/ dining room. Working wood fireplace insert with blower. Bose surround sound and TV in living room. Large Master bedroom w bath, 2 large walk-in closets, 2 car garage w electric and off-street parking total of 4 cars. Mature landscaping, cozy front porch.
Unit Size
2,683 Ft²
Days on Market
-
Land Size
0.12 acres
Price per sqft
$163
Property Type
House
Property Taxes
$407
HOA Dues
-
Year Built
1933

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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 #73156932)

Price History

Date / Event Date Event Price
Jan 31, 2024 Sold
Premium
Sold
Dec 12, 2023 In contract -
In contract
Nov 3, 2023 Price Decreased $437,900
↓ $11K (2.4%)
Price Decreased
Oct 4, 2023 Price Increased $448,500
↑ $11K (2.4%)
Price Increased
Sep 7, 2023 Listed by Keller Williams Coastal $437,900
Listed by Keller Williams Coastal
Show More

Property Highlights

Garage
Parking Available
Fireplace

Building Info

Overview

    General

  • Year Built: 1933
  • Effective Year Built: 1933
  • Building Count: 1
  • Total Rooms: 7
  • Bedroom Count: 4
  • Bathroom Count: 3
  • Full Bathrooms: 2
  • Partial Bathrooms: 3
  • 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: 962
  • Garage Type: 4
  • Parking Space Count: 0
  • Patio Type: 0
  • Porch Type: 0
  • Pool Type: 0

    Dimensions

  • Lot Size Square Feet: 5,393
  • Total Building Area: 1,721
  • Gross Building Area: 2,991
  • Building Area: 1,721
  • Building Area Measurement: L

    Heating and Cooling

  • Fireplace Count: 1
  • Air Conditioning: 0
  • Heating: 16
  • Heated Square Feet: 1,721
  • Heating Fuel Type: 6

    Utilities

  • Sewer System: 0
  • Water Service: 0

Building

  • Building Type: 0
  • Property Class: R
  • Land Acres: 0000000124
  • 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:0008
  • Lot: 8
  • Municipality: FALL RIVER
  • Latitude: 41.7249
  • Longitude: -71.131

    Address

  • Full Address: 500 Montgomery St
  • Address - House Number: 500
  • Address - Street Name: Montgomery
  • Address - Suffix Type: St
  • State: MA
  • City Name: Fall River
  • Carrier Code: C019
  • 4-Digit Zip Code: 6516
  • Zip Code: 02720

Valuation

    Tax

  • Tax Year: 2023
  • Tax Amount: $488,000

    Appraisal Valuation

  • Standard Deviation: 0.0891
  • Valuation Date: Mar 06, 2024
  • Confidence Score: 92
  • Final Value: 426,040
  • High Value: 464,050
  • Low Value: 388,030

    Assessments Valuation

  • Assessed Year: 2023
  • Assessed Total Value: $397,700
  • Assessed Land Value: $98,400
  • Assessed Improvements Value: $299,300

    Sales

  • Current Sale Contract Date: Jan 31, 2024
  • Current Sale Recording Date: Jan 31, 2024
  • Current Sale Price:
    Premium
  • Current Sale Document Type: O
  • Current Sale Input Document Number: 1275
  • Previous Sale Recording Date: May 21, 2018
  • Previous Sale Amount: $288,000
  • 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

71

Average Home Size

2597 ft²

Average Home Age

86.2 years

Currently For Sale

207 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# 73156932

Frequently Asked Questions

When was property at 500 Montgomery Street built and last sold?
The property at 500 Montgomery Street was built in 1933 and last sold on Jan 31, 2024 for $394,000.
How much is this home worth?
The estimated value of the home located at 500 Montgomery Street is $451,633.
What are some comparable homes to 500 Montgomery Street?
There are currently no comparable homes to 500 Montgomery Street.
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