$31,000
●
Condo -
Off Market
540 Cherry Street #5
Fall River, MA 02720
1 Bed
1 Bath
425 Ft²
$75,469
RealtyHop Estimate
75.92%
Since Mar 1, 2016
National-US
Primary Model
About This Property
1 bedroom condo, secondfloor, new windows, only 21 condominiums in
complex. Currently occupied.
Unit Size
425 Ft²
Days on Market
-
Land Size
-
Price per sqft
$101
Property Type
Condo
Property Taxes
$64
HOA Dues
$100
Year Built
-
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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 months ago (MLSPIN #71867202)
Price History
| Date / Event | Date | Event | Price |
|---|---|---|---|
| Feb 4, 2016 | Sold | ||
| Sold | |||
| Jul 2, 2015 | Listed by Russ G. Realty Group | $42,900 | |
| Listed by Russ G. Realty Group | |||
| | |||
|
1 bedroom condo, secondfloor, new windows, only 21 condominiums in complex. Currently occupied.
| |||
Property Highlights
Parking Available
Air Conditioning
Parking Details
Parking Features: Off Street
Interior Details
Full Bathrooms: 1
Appliances: Range, Dishwasher, Refrigerator
Flooring Type: Vinyl, Carpet
Laundry Features: Common Area
Rooms: 3
Basement: N
Exterior Details
Square Footage: 425
Security Features: Intercom
Year Built Source: Public Records
Year Built: 1900
Building Name: Highland Terrace Condominiums
Building Area Total: 425
Building Area Units: Square Feet
Window Features: Insulated Windows
Construction Materials: Frame
Lot Size Units: Acres
Tax Lot: 3812
Water Source: Public
Financial Details
Tax Map Number: om-28
Tax Assessed Value: $60,900
Tax Annual Amount: $766
Utilities Details
Cooling Type: Window Unit(s)
Heating Type: Central
Sewer : Public Sewer
Location Details
HOA/Condo/Coop Fee Includes: Water, Sewer, Insurance, Maintenance Structure, Maintenance Grounds, Snow Removal, Trash, Road Maintenance
HOA/Condo/Coop Amenities: Hot Water, Laundry
HOA Fee: $100
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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