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Fall River 02721
520 Norman St
$420,000
● House - Off Market

520 Norman St

Fall River, MA 02721
bedrooms
3 Beds
bathrooms
2 Baths
square feet
2,552 Ft²
$467,900
RealtyHop Estimate
17.00%
Since Jul 1, 2021
National-US
Primary Model

About This Property

Don't miss out on your opportunity to purchase this well maintained three-bedroom Raised Ranch conveniently located just minutes from Rt. 24 and the Tiverton RI line.  There is plenty of space for your family with three bedrooms, two FULL kitchens, a large living room on each level, dining area, and a bonus room in the basement for your home office. This home also features central air conditioning, lawn irrigation and a storage shed below the back deck .Offers due Monday , May 10th by 5pm.
Unit Size
2,552 Ft²
Days on Market
-
Land Size
0.24 acres
Price per sqft
$157
Property Type
House
Property Taxes
$336
HOA Dues
-
Year Built
1985

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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: 5 years ago (MLSPIN #72825194)

Price History

Date / Event Date Event Price
Jun 15, 2021 Sold
Premium
Sold
May 4, 2021 Listed by Right Choice Real Estate $399,900
Listed by Right Choice Real Estate

Property Highlights

Air Conditioning
Garage

Building Info

Overview

    General

  • Year Built: 1985
  • Effective Year Built: 1985
  • Building Count: 1
  • Total Rooms: 5
  • Bedroom Count: 2
  • Bathroom Count: 2
  • Full Bathrooms: 2
  • Partial Bathrooms: 2
  • Building Condition: 3
  • Building Quality: 0
  • Construction Type: 6
  • Building Style: 19
  • 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: 3
  • Basement Area: 1,352
  • Garage Type: 1
  • Parking Space Count: 1
  • Patio Type: 0
  • Porch Type: 0
  • Pool Type: 0

    Dimensions

  • Lot Size Square Feet: 10,254
  • Total Building Area: 2,696
  • Gross Building Area: 3,176
  • Building Area: 2,696
  • Building Area Measurement: L

    Heating and Cooling

  • Fireplace Count: 1
  • Air Conditioning: 13
  • Heating: 4
  • Heated Square Feet: 2,696
  • Heating Fuel Type: 3

    Utilities

  • Sewer System: 0
  • Water Service: 0

Building

  • Building Type: 0
  • Property Class: R
  • Land Acres: 0000000235
  • Standard Land Use Code: 1001
  • County Land Use Code: 101

Neighborhood

  • School District Name: Fall River School District
  • Census Tract: 640100

Zoning

  • Zoning: R-8

Geography

  • Parcel: FALL M:0D-12 B:0000 L:0066
  • Lot: 66
  • Municipality: FALL RIVER
  • Latitude: 41.6634
  • Longitude: -71.1445

    Address

  • Full Address: 520 Norman St
  • Address - House Number: 520
  • Address - Street Name: Norman
  • Address - Suffix Type: St
  • State: MA
  • City Name: Fall River
  • Carrier Code: C033
  • 4-Digit Zip Code: 4410
  • Zip Code: 02721

Valuation

    Tax

  • Tax Year: 2023
  • Tax Amount: $466,500
  • Initial Tax Delinquent Year: 2021

    Appraisal Valuation

  • Standard Deviation: 0.1736
  • Valuation Date: Jan 17, 2024
  • Confidence Score: 77
  • Final Value: 487,150
  • High Value: 571,720
  • Low Value: 402,580

    Assessments Valuation

  • Assessed Year: 2023
  • Assessed Total Value: $380,200
  • Assessed Land Value: $123,200
  • Assessed Improvements Value: $257,000

    Sales

  • Current Sale Contract Date: Jun 14, 2021
  • Current Sale Recording Date: Jun 15, 2021
  • Current Sale Price:
    Premium
  • Current Sale Document Type: O
  • Current Sale Input Document Number: 13548
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

2688 ft²

Average Home Age

86.3 years

Currently For Sale

213 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 years ago
Data Source: MLS PIN, MLS# 72825194

Frequently Asked Questions

When was property at 520 Norman Street built and last sold?
The property at 520 Norman Street was built in 1985 and last sold on Jun 14, 2021 for $420,000.
How much is this home worth?
The estimated value of the home located at 520 Norman Street is $0.
What are some comparable homes to 520 Norman Street?
There are currently no comparable homes to 520 Norman Street.
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