$120,000
●
Condo -
Off Market
540 Cherry St #7
Fall River, MA 02720
2 Beds
1 Bath
948 Ft²
$174,845
RealtyHop Estimate
45.70%
Since Feb 1, 2020
National-US
Primary Model
About This Property
Cozy condo in Fall River! This home is townhouse style with 2
levels of living. The first floor has a specious eat in
kitchen/dining area along with a large living room, bathroom,
laundry, and bedroom #1. The 2nd level of this home is a show
stopper with bedroom #2 having high cathedral ceilings and city
views from all angles. Aside from the in-unit laundry this condo
has additional bonus features such as a very large exterior parking
lot that has been newly paved and storage space for each unit in
the basement. Come take a look, this beauty will not last!
Unit Size
948 Ft²
Days on Market
-
Land Size
-
Price per sqft
$127
Property Type
Condo
Property Taxes
$113
HOA Dues
$173
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 months ago (MLSPIN #72591139)
Price History
| Date / Event | Date | Event | Price |
|---|---|---|---|
| Jan 6, 2020 | Sold | ||
| Sold | |||
| Nov 11, 2019 | Listed by RE/MAX Vantage | $120,000 | |
| Listed by RE/MAX Vantage | |||
| Dec 13, 2016 | Sold | ||
| Sold | |||
| Sep 19, 2016 | Listed by Amaral & Associates RE | $70,500 | |
| Listed by Amaral & Associates RE | |||
| | |||
|
HUGE Price Reduction!! Beautiful Highland area, 2 bedrooms 1 bath condo.Lovely balcony to just relax on and enjoy the fresh air.
| |||
| Jun 12, 2008 | Sold | ||
| Sold | |||
Show More
Property Highlights
Parking Available
Parking Details
Has Open Parking
Parking Features: Off Street, Deeded, Paved, Exclusive Parking
Interior Details
Full Bathrooms: 1
Appliances: Range, Dishwasher, Refrigerator, Washer, Dryer
Flooring Type: Vinyl, Carpet
Laundry Features: In Unit, First Floor
Rooms: 5
Basement: Y
Exterior Details
Has Property Attached
Square Footage: 948
Year Built Source: Public Records
Year Built: 1900
Waterfront Features: 3/10 to 1/2 Mile To Beach
Building Area Total: 948
Building Area Units: Square Feet
Construction Materials: Frame
Lot Size Units: Acres
Water Source: Public
Financial Details
Tax Assessed Value: $92,800
Tax Annual Amount: $1,353
Utilities Details
Cooling Type: None
Heating Type: Baseboard, Natural Gas
Sewer : Public Sewer
Location Details
HOA/Condo/Coop Fee Includes: Insurance, Maintenance Grounds, Snow Removal, Trash
HOA/Condo/Coop Amenities: Storage
HOA Fee: $173
HOA Fee Frequency: Monthly
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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