11
Map
$204,900
●
Condo -
Off Market
540 Cherry #B1
Fall River, MA 02720
2 Beds
1 Bath
605 Ft²
$1,353
Est. Monthly
$213
HOA / Fees
13.82%
Cap Rate
About This Property
Welcome to Highland Terrace! Full of character and charm, this
lovely 2-bedroom condo is located in the desirable Highlands area
of Fall River. Conveniently located near Charlton hospital, local
coffee shops, restaurants, and more. This unit features off-street
parking, a private balcony, and in-unit washer/dryer hookup. Enjoy
low condo fees, beautiful landscaping, mature trees and a
historical feel throughout the property. Come see all this charming
condo has to offer!
Unit Size
605 Ft²
Days on Market
-
Land Size
-
Price per sqft
$339
Property Type
Condo
Property Taxes
$134
HOA Dues
$213
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: 3 months ago (MLSPIN #73520102)
Price History
| Date / Event | Date | Event | Price |
|---|---|---|---|
| Sep 1, 2026 | No longer available | - | |
| No longer available | |||
| Aug 3, 2026 | Price Decreased |
$204,900
↓ $5K
(2.4%) | |
| Price Decreased | |||
| Jun 9, 2026 | Price Decreased |
$209,900
↓ $10K
(4.6%) | |
| Price Decreased | |||
| May 15, 2026 | Listed by Professional Real Estate | $219,900 | |
| Listed by Professional Real Estate | |||
Property Highlights
Parking Available
Air Conditioning
Parking Details
Open Parking Spaces: 1
Interior Details
Full Bathrooms: 1
Rooms: 4
Basement: Y
Exterior Details
Has Property Attached
Square Footage: 605
Year Built Source: Public Records
Year Built: 1900
Building Name: Highland Terrace
Building Area Total: 605
Building Area Units: Square Feet
Lot Size Units: Acres
Water Source: Public
Financial Details
Tax Assessed Value: $139,300
Tax Annual Amount: $1,606
Utilities Details
Cooling Type: Window Unit(s)
Heating Type: Baseboard
Sewer : Public Sewer
Location Details
HOA/Condo/Coop Fee Includes: Water, Sewer, Insurance, Maintenance Structure, Maintenance Grounds, Trash
HOA Fee: $213
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 |
|---|---|---|---|---|---|---|---|
|
05/15/2026
|
2 Bed
|
1 Bath
|
605 ft²
|
$219,900
2 Bed
1 Bath
605 ft²
|
-
-
|
John C. Cissel III
Cornerstone Adivsory Services, LLC
| |
|
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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