$389,900
●
Condo -
Off Market
550 Spring St. #5
Fall River, MA 02721
3 Beds
3 Baths,
1
Half Bath
1,920 Ft²
$2,145
Est. Monthly
$230
HOA / Fees
8.66%
Cap Rate
About This Property
Welcome to the Five on Spring townhomes. New Construction located
in the Fall River arts overlay district close by to downtown,
highway access, bus terminal station and just over 1 mile from the
SouthCoast MBTA commuter rail. Each unit offers 3 floors of a
spacious modern design with just over 1900 sq ft of living space, 3
beds, 2.5 baths, central heating/AC, all cabinetry with quartz
countertops, laundry hook ups in each unit, 2 deeded parking
spaces, and much more.
Unit Size
1,920 Ft²
Days on Market
-
Land Size
-
Price per sqft
$203
Property Type
Condo
Property Taxes
-
HOA Dues
$230
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: 3 years ago (MLSPIN #73217663)
Price History
| Date / Event | Date | Event | Price |
|---|---|---|---|
| Jun 17, 2024 | Sold | ||
| Sold | |||
| Apr 1, 2024 | In contract | - | |
| In contract | |||
| Mar 29, 2024 | Listed by Paiva Real Estate Services, LLC | $389,900 | |
| Listed by Paiva Real Estate Services, LLC | |||
Property Highlights
Parking Available
Air Conditioning
Parking Details
Parking Features: Off Street, Assigned, Deeded
Interior Details
Half Bathrooms: 1
Full Bathrooms: 2
Appliances: Range, Dishwasher, Microwave, Refrigerator, Plumbed For Ice Maker
Laundry Features: Electric Dryer Hookup
Rooms: 10
Basement: N
Exterior Details
Entry Level: 1
Year Built Source: Owner
Year Built Details: Actual
PropertySubType: Condominium
Building Name: Five On Spring Condominiums
Stories (Total): 3
Building Area Units: Square Feet
Construction Materials: Frame
Lead Paint: None
Lot Size Units: Acres
Zoning: CBD
Parcel Number: 2833579
Water Source: Public
Utilities Details
Utilities: for Gas Range, for Electric Dryer, Icemaker Connection
Cooling Type: Central Air
Heating Type: Central, Forced Air, Natural Gas
Sewer : Public Sewer
Location Details
HOA/Condo/Coop Fee Includes: Insurance, Snow Removal
Association Fee Frequency: Monthly
HOA Fee: $230
Community Features: Public Transportation, Shopping, Park, Medical Facility, Highway Access, House of Worship, Public School
Pets Allowed: Yes
Management: Professional - Off Site
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 |
|---|---|---|---|---|---|---|---|
|
11/20/2025
|
3 Bed
|
2 Bath
|
1920 ft²
|
$419,000
3 Bed
2 Bath
1920 ft²
|
-
-
|
Jane Kalife Paul
Conway - Mattapoisett
| |
|
03/29/2024
|
3 Bed
|
3 Bath
|
1920 ft²
|
$389,900
3 Bed
3 Bath
1920 ft²
|
$389,900
06/17/2024
|
Gerald Francois
Realty World Related Realty Group
| |
|
03/23/2024
|
3 Bed
|
3 Bath
|
1920 ft²
|
$384,900
3 Bed
3 Bath
1920 ft²
|
$391,900
+1.82%
05/10/2024
|
Erica Arruda
Keller Williams Coastal
| |
|
03/08/2024
|
3 Bed
|
3 Bath
|
1920 ft²
|
$384,900
3 Bed
3 Bath
1920 ft²
|
$385,000
+0.03%
04/25/2024
|
Tayla Andre
Thumbprint Realty, LLC
| |
|
02/10/2024
|
3 Bed
|
3 Bath
|
1920 ft²
|
$379,900
3 Bed
3 Bath
1920 ft²
|
$380,000
+0.03%
04/03/2024
|
Fred Grizotte
Paiva Real Estate Services, LLC
| |
|
11/29/2023
|
3 Bed
|
3 Bath
|
1920 ft²
|
$379,900
3 Bed
3 Bath
1920 ft²
|
$385,000
+1.34%
03/22/2024
|
Fred Grizotte
Paiva Real Estate Services, LLC
|
Building Info
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