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Fall River 02720
54 Hanover St
$210,000
● House - Off Market

54 Hanover St

Fall River, MA 02720
bedrooms
5 Beds
bathrooms
3 Baths, 1 Half Bath
square feet
3,442 Ft²
$267,305
RealtyHop Estimate
33.72%
Since Nov 1, 2020
National-US
Primary Model

About This Property

Newly Offered/SPACIOUS 3,442 Colonial Recently Used as a Multi Family/Being Sold in "As-Is" Condition-List Price Reflects Work Needed/OFF Street Parking/PRIVATE Corner Lot w/Side Yard-2 OFF STREET Parking Spaces/Gated-Fenced Yard/5 Bedrooms-3.5 Baths/City Water, Sewer & Gas-TWO Separate Gas Heating Units/Full Basement-Interior Access-Washer & Dryer Hook-Ups/Updated Furnace/Super Convenient Commuting Location-Close to Highways(6, 24, 79 & 195)AND Walking Distance to Ruggles Park & Charlton Memorial Hospital/GREAT Value!
Unit Size
3,442 Ft²
Days on Market
-
Land Size
0.13 acres
Price per sqft
$58
Property Type
House
Property Taxes
$274
HOA Dues
-
Year Built
1900

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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 #72706212)

Price History

Date / Event Date Event Price
Oct 2, 2020 Sold
Premium
Sold
Aug 7, 2020 Listed by Realty One Group, LLC $199,900
Listed by Realty One Group, LLC

Property Highlights

Parking Available
Fireplace

Building Info

Overview

    General

  • Year Built: 1900
  • Effective Year Built: 1900
  • Building Count: 1
  • Total Rooms: 11
  • Bedroom Count: 5
  • Bathroom Count: 3
  • Full Bathrooms: 2
  • Partial Bathrooms: 3
  • Building Condition: 3
  • Building Quality: 0
  • Construction Type: 6
  • Building Style: 24
  • 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: 1,576
  • Garage Type: 0
  • Parking Space Count: 0
  • Patio Type: 0
  • Porch Type: 0
  • Pool Type: 0

    Dimensions

  • Lot Size Square Feet: 5,445
  • Total Building Area: 3,442
  • Gross Building Area: 4,769
  • Building Area: 3,442
  • Building Area Measurement: L

    Heating and Cooling

  • Air Conditioning: 0
  • Heating: 16
  • Heated Square Feet: 3,442
  • Heating Fuel Type: 3

    Utilities

  • Sewer System: 0
  • Water Service: 0

Building

  • Building Type: 0
  • Property Class: R
  • Land Acres: 0000000125
  • Standard Land Use Code: 1001
  • County Land Use Code: 101

Neighborhood

  • School District Name: Fall River School District
  • Census Tract: 641700

Zoning

  • Zoning: G

Geography

  • Parcel: FALL M:0M-26 B:0000 L:0054
  • Lot: 54
  • Municipality: FALL RIVER
  • Latitude: 41.7058
  • Longitude: -71.1456

    Address

  • Full Address: 54 Hanover St
  • Address - House Number: 54
  • Address - Street Name: Hanover
  • Address - Suffix Type: St
  • State: MA
  • City Name: Fall River
  • Carrier Code: C012
  • 4-Digit Zip Code: 5222
  • Zip Code: 02720

Valuation

    Tax

  • Tax Year: 2023
  • Tax Amount: $432,000
  • Initial Tax Delinquent Year: 2023

    Appraisal Valuation

  • Standard Deviation: 0.2013
  • Valuation Date: Mar 06, 2024
  • Confidence Score: 72
  • Final Value: 474,348
  • High Value: 569,822
  • Low Value: 378,874

    Assessments Valuation

  • Assessed Year: 2023
  • Assessed Total Value: $352,100
  • Assessed Land Value: $102,200
  • Assessed Improvements Value: $249,900

    Sales

  • Current Sale Contract Date: Sep 24, 2020
  • Current Sale Recording Date: Oct 02, 2020
  • Current Sale Price:
    Premium
  • Current Sale Document Type: O
  • Current Sale Input Document Number: 18061
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

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Last Updated: 4 months ago
Data Source: MLS PIN, MLS# 72706212

Frequently Asked Questions

When was property at 54 Hanover Street built and last sold?
The property at 54 Hanover Street was built in 1900 and last sold on Sep 24, 2020 for $210,000.
How much is this home worth?
The estimated value of the home located at 54 Hanover Street is $203,188.
What are some comparable homes to 54 Hanover Street?
There are currently no comparable homes to 54 Hanover Street.
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