$40,500
●
Condo -
Off Market
540 Cherry St #3
Fall River, MA 02720
1 Bed
1 Bath
615 Ft²
$77,555
RealtyHop Estimate
80.78%
Since May 1, 2015
National-US
Primary Model
About This Property
FOLLOW SHOWING INSTRUCTIONS - Offers should include proof of funds
(if cash offer) or pre-approval (if financing) and will be required
for final acceptance. Great location for this garden style condo
close to schools, shopping, New Boston Road, Robeson St and
local/area highway systems. Nice first floor 1 bedroom unit close
to all city amenities. This unit is full of natural light with 14
windows. Inside there is a good size eat in kitchen, large living
room with hardwood floors and bedroom with hardwood floors.
Unit Size
615 Ft²
Days on Market
-
Land Size
-
Price per sqft
$70
Property Type
Condo
Property Taxes
$73
HOA Dues
$128
Year Built
-
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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 years ago (MLSPIN #71774391)
Price History
| Date / Event | Date | Event | Price |
|---|---|---|---|
| Apr 30, 2015 | Sold | ||
| Sold | |||
| Dec 4, 2014 | Listed by Roberts Associates Real Estate | $42,900 | |
| Listed by Roberts Associates Real Estate | |||
| Aug 11, 2014 | Sold | ||
| Sold | |||
| Jun 15, 2005 | Sold | ||
| Sold | |||
| Mar 25, 2005 | Listed | $110,000 | |
| Listed | |||
 | |||
|
Absolutely immaculate condo in desirable Highland Terrace area available for immediate occupancy. New counter tops,kitchen cabinets and flooring. Exotic bamboo hardwood flooring in kitchen, hallway and living room. This condo is in Perfect, just like NEW condition. Call listing agent today for showing appointment. Super opportunity for First Time Home Buyer, with today's programs, this could be cheaper than rent!!!!
| |||
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Property Highlights
Interior Details
Full Bathrooms: 1
Rooms: 3
Basement: N
Exterior Details
Entry Level: 1
Year Built Source: Public Records
Year Built Details: Approximate
PropertySubType: Condominium
Building Name: Highland Terrace Condo
Structure Type: Garden
Stories (Total): 1
Building Area Units: Square Feet
Construction Materials: Frame
Lead Paint: Unknown
Lot Size Units: Acres
Zoning: Res
Parcel Number: M:0M28 B:0000 L:3810, 2832946
Water Source: Public
Financial Details
Tax Map Number: 0M-28
Tax Assessed Value: $69,800
Tax Annual Amount: $878
Utilities Details
Cooling Type: None
Heating Type: Baseboard, Natural Gas
Sewer : Public Sewer
Location Details
HOA/Condo/Coop Fee Includes: Insurance, Maintenance Structure, Maintenance Grounds
Association Fee Frequency: Monthly
HOA Fee: $128
Community Features: Public Transportation, Shopping, Park, Walk/Jog Trails, Highway Access, Public School
Complex is Completed
Management: Professional - Off Site
Comparables
Unit
Status
Status
Type
Beds
Baths
ft²
Price/ft²
Price/ft²
Asking Price
Listed On
Listed On
Closing Price
Sold On
Sold On
HOA + Taxes
Past Sales
| Date | Unit | Beds | Baths | Sqft | Price | Closed | Listed By |
|---|---|---|---|---|---|---|---|
|
11/11/2019
|
2 Bed
|
1 Bath
|
948 ft²
|
$120,000
2 Bed
1 Bath
948 ft²
|
$120,000
01/06/2020
|
Team ROSO
RE/MAX Vantage
| |
|
02/22/2019
|
2 Bed
|
1 Bath
|
893 ft²
|
$119,900
2 Bed
1 Bath
893 ft²
|
$110,000
-8.26%
07/31/2019
|
Derrick Demers
Conway - Mattapoisett
| |
|
04/11/2017
|
2 Bed
|
1 Bath
|
605 ft²
|
$59,900
2 Bed
1 Bath
605 ft²
|
$57,500
-4.01%
07/07/2017
|
Muhammad Mushtaq
Weichert, REALTORS® - SBA Group
| |
|
09/19/2016
|
2 Bed
|
1 Bath
|
948 ft²
|
$70,500
2 Bed
1 Bath
948 ft²
|
$70,000
-0.71%
12/13/2016
|
Sandra Codner
Amaral & Associates RE
| |
|
07/02/2015
|
1 Bed
|
1 Bath
|
425 ft²
|
$42,900
1 Bed
1 Bath
425 ft²
|
$31,000
-27.74%
02/04/2016
|
Russell Guerriero
Russ G. Realty Group
| |
|
12/04/2014
|
1 Bed
|
1 Bath
|
615 ft²
|
$42,900
1 Bed
1 Bath
615 ft²
|
$40,500
-5.59%
04/30/2015
|
CHARLES ROBERTS
ROBERTS ASSOCIATES
| |
|
04/24/2008
|
2 Bed
|
1 Bath
|
948 ft²
|
$139,900
2 Bed
1 Bath
948 ft²
|
$135,900
-2.86%
06/12/2008
|
Norma Brion
Ponte & Associates Real Estate
| |
|
03/25/2005
|
1 Bed
|
1 Bath
|
615 ft²
|
$110,000
1 Bed
1 Bath
615 ft²
|
$105,000
-4.55%
06/15/2005
|
David Lenger
HomeSmart First Class Realty
| |
|
12/02/2003
|
1 Bed
|
1 Bath
|
615 ft²
|
$79,000
1 Bed
1 Bath
615 ft²
|
$71,900
-8.99%
01/30/2004
|
Geraldine Lovely
Cheryl Darnbrough Real Estate
| |
|
04/24/2003
|
2 Bed
|
1 Bath
|
800 ft²
|
$98,000
2 Bed
1 Bath
800 ft²
|
$96,500
-1.53%
06/12/2003
|
Alda Moniz
Affordable Real Estate, Inc.
| |
|
07/19/2001
|
Loft
|
1 Bath
|
-
|
$45,900
Loft
1 Bath
|
$45,900
08/13/2001
|
Ronald Rusin
Right Choice Real Estate
|
Building Info
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