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Fall River 02724
542 Mount Hope Ave
$235,000
● House - Off Market

542 Mount Hope Ave

Fall River, MA 02724
bedrooms
2 Beds
bathrooms
1 Bath
square feet
1,040 Ft²
$350,893
RealtyHop Estimate
46.27%
Since Jan 1, 2020
National-US
Primary Model

About This Property

Single level living that is move in ready! Offering two (and possible three bedrooms), spacious open concept living area with gleaming hardwoods, beautiful updates in the bathroom, gorgeous backyard with shed, and incredible curb appeal in a quiet desirable neighborhood. It is extremely low-maintenance with completely updated plumbing throughout the entire house, all new electric work throughout the home and updated 200 amp breaker, new tankless hot water heater and natural gas system in-one, along with your own additional water filtration system! With all your major ticket items taken care of on this home, it's perfect for first time homebuyers or anyone thinking about downsizing!
Unit Size
1,040 Ft²
Days on Market
-
Land Size
0.17 acres
Price per sqft
$231
Property Type
House
Property Taxes
$183
HOA Dues
-
Year Built
1955

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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 #72595051)

Price History

Date / Event Date Event Price
Dec 27, 2019 Sold
Premium
Sold
Nov 21, 2019 Listed by Lands End Realty, Inc. $239,900
Listed by Lands End Realty, Inc.
Oct 28, 2005 Sold
Premium
Sold

Property Highlights

Parking Available
Air Conditioning

Building Info

Overview

    General

  • Year Built: 1955
  • Effective Year Built: 1955
  • Building Count: 1
  • Total Rooms: 5
  • Bedroom Count: 2
  • Bathroom Count: 1
  • Full Bathrooms: 1
  • Partial Bathrooms: 1
  • Building Condition: 3
  • Building Quality: 0
  • Construction Type: 6
  • Building Style: 11
  • Exterior Walls Type: 19
  • Interior Walls Type: 0
  • Roof Shape Type: 1
  • Roof Cover Type: 15
  • Floor Count: 100
  • Living Units: 1
  • Floor Cover: 0
  • Basement Type: 7
  • Basement Area: 1,040
  • Garage Type: 0
  • Parking Space Count: 0
  • Patio Type: 0
  • Porch Type: 0
  • Pool Type: 0

    Dimensions

  • Lot Size Square Feet: 7,501
  • Total Building Area: 1,820
  • Gross Building Area: 2,172
  • Building Area: 1,820
  • Building Area Measurement: L

    Heating and Cooling

  • Air Conditioning: 13
  • Heating: 10
  • Heated Square Feet: 1,820
  • Heating Fuel Type: 3

    Utilities

  • Sewer System: 0
  • Water Service: 0

Building

  • Building Type: 0
  • Property Class: R
  • Land Acres: 0000000172
  • Standard Land Use Code: 1001
  • County Land Use Code: 101

Neighborhood

  • School District Name: Fall River School District
  • Census Tract: 640300

Zoning

  • Zoning: R-4

Geography

  • Parcel: FALL M:0B-04 B:0000 L:0015
  • Lot: 15
  • Municipality: FALL RIVER
  • Latitude: 41.678
  • Longitude: -71.1835

    Address

  • Full Address: 542 Mount Hope Ave
  • Address - House Number: 542
  • Address - Street Name: Mount Hope
  • Address - Suffix Type: Ave
  • State: MA
  • City Name: Fall River
  • Carrier Code: C091
  • 4-Digit Zip Code: 1723
  • Zip Code: 02724

Valuation

    Tax

  • Tax Year: 2023
  • Tax Amount: $371,700

    Appraisal Valuation

  • Standard Deviation: 0.2026
  • Valuation Date: Jan 17, 2024
  • Confidence Score: 72
  • Final Value: 406,655
  • High Value: 489,059
  • Low Value: 324,251

    Assessments Valuation

  • Assessed Year: 2023
  • Assessed Total Value: $302,900
  • Assessed Land Value: $104,100
  • Assessed Improvements Value: $198,800

    Sales

  • Current Sale Contract Date: Dec 27, 2019
  • Current Sale Recording Date: Dec 27, 2019
  • Current Sale Price:
    Premium
  • Current Sale Document Type: O
  • Current Sale Input Document Number: 23185
  • Previous Sale Recording Date: Oct 28, 2005
  • Previous Sale Amount: $192,500
  • Previous Sale Document Type: 27
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

2629 ft²

Average Home Age

85.8 years

Currently For Sale

216 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

Rentals Near You

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Last Updated: 4 months ago
Data Source: MLS PIN, MLS# 72595051

Frequently Asked Questions

When was property at 542 MT Hope Avenue built and last sold?
The property at 542 MT Hope Avenue was built in 1955 and last sold on Dec 27, 2019 for $235,000.
How much is this home worth?
The estimated value of the home located at 542 MT Hope Avenue is $245,096.
What are some comparable homes to 542 MT Hope Avenue?
There are currently no comparable homes to 542 MT Hope Avenue.
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