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Fall River 02724
549 Penn St
$460,000
● House - Off Market

549 Penn St

Fall River, MA 02724
bedrooms
3 Beds
bathrooms
1 Bath
square feet
1,350 Ft²
$2,529
Est. Monthly

About This Property

This spacious house is located in the south end of Fall River. Recently renovated with a new roof, new windows, all new plumbing, all new electric, new heating and air conditioning for year-round comfort. This home boasts beautiful hardwood floors throughout. It features 3 bedrooms, 1 bathroom with a convenient first floor laundry room, mud room and large garage. The wide open basement offers potential for additional finished space. This home is truly a gem with endless possibilities. MUST SEE!!!
Unit Size
1,350 Ft²
Days on Market
-
Land Size
0.22 acres
Price per sqft
$340
Property Type
House
Property Taxes
$275
HOA Dues
-
Year Built
1962

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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 #73197472)

Price History

Date / Event Date Event Price
Mar 7, 2024 Sold
Premium
Sold
Feb 21, 2024 In contract -
In contract
Jan 29, 2024 Listed by OwnerEntry.com $459,000
Listed by OwnerEntry.com
Oct 24, 2023 Sold
Premium
Sold

Property Highlights

Garage
Parking Available
Air Conditioning

Building Info

Overview

    General

  • Year Built: 1962
  • Effective Year Built: 1962
  • Building Count: 1
  • Total Rooms: 5
  • Bedroom Count: 3
  • Bathroom Count: 2
  • Full Bathrooms: 1
  • Partial Bathrooms: 2
  • Building Condition: 2
  • Building Quality: 0
  • Construction Type: 6
  • Building Style: 11
  • Exterior Walls Type: 18
  • Interior Walls Type: 0
  • Roof Shape Type: 8
  • Roof Cover Type: 15
  • Floor Count: 100
  • Living Units: 1
  • Floor Cover: 0
  • Basement Type: 7
  • Basement Area: 1,316
  • Garage Type: 1
  • Parking Space Count: 1
  • Patio Type: 0
  • Porch Type: 0
  • Pool Type: 0

    Dimensions

  • Lot Size Square Feet: 9,631
  • Total Building Area: 1,316
  • Gross Building Area: 3,194
  • Building Area: 1,316
  • Building Area Measurement: L

    Heating and Cooling

  • Air Conditioning: 0
  • Heating: 10
  • Heated Square Feet: 1,316
  • Heating Fuel Type: 3

    Utilities

  • Sewer System: 0
  • Water Service: 0

Building

  • Building Type: 0
  • Property Class: R
  • Land Acres: 0000000221
  • Standard Land Use Code: 1001
  • County Land Use Code: 101

Neighborhood

  • School District Name: Fall River School District
  • Census Tract: 640400

Zoning

  • Zoning: R-4

Geography

  • Parcel: FALL M:0B-07 B:0000 L:0010
  • Lot: 10
  • Municipality: FALL RIVER
  • Latitude: 41.6824
  • Longitude: -71.1814

    Address

  • Full Address: 549 Penn St
  • Address - House Number: 549
  • Address - Street Name: Penn
  • Address - Suffix Type: St
  • State: MA
  • City Name: Fall River
  • Carrier Code: C087
  • 4-Digit Zip Code: 1941
  • Zip Code: 02724

Valuation

    Tax

  • Tax Year: 2023
  • Tax Amount: $329,600
  • Initial Tax Delinquent Year: 2020

    Appraisal Valuation

  • Standard Deviation: 0.0884
  • Valuation Date: Mar 13, 2024
  • Confidence Score: 92
  • Final Value: 467,104
  • High Value: 508,417
  • Low Value: 425,791

    Assessments Valuation

  • Assessed Year: 2023
  • Assessed Total Value: $268,600
  • Assessed Land Value: $107,400
  • Assessed Improvements Value: $161,200

    Sales

  • Current Sale Contract Date: Mar 07, 2024
  • Current Sale Recording Date: Mar 07, 2024
  • Current Sale Price:
    Premium
  • Current Sale Document Type: O
  • Current Sale Input Document Number: 2855
  • Previous Sale Recording Date: Oct 24, 2023
  • Previous Sale Contract Date: Oct 24, 2023
  • Previous Sale Amount: $230,000
  • Previous Sale Document Type: 35
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

71

Average Home Size

2592 ft²

Average Home Age

86.2 years

Currently For Sale

208 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# 73197472

Frequently Asked Questions

When was property at 549 Penn Street built and last sold?
The property at 549 Penn Street was built in 1962 and last sold on Mar 7, 2024 for $460,000.
How much is this home worth?
The estimated value of the home located at 549 Penn Street is $459,812.
What are some comparable homes to 549 Penn Street?
There are currently no comparable homes to 549 Penn Street.
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