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Fall River 02720
554 Madison Street
Photo of 554 Madison Street

30

Map

Photo of 554 Madison Street
Photo of 554 Madison Street
$529,900
↓ $10K (1.9%)
● House - For Sale

554 Madison Street

Fall River, MA 02720
bedrooms
3 Beds
bathrooms
1 Bath, 1 Half Bath
square feet
2,244 Ft²
$3,024
Est. Monthly

About This Property

Located in the much sought after Highland neighborhood, this Madison Street classic ranch is perfect for the first time home buyer or someone looking to downsize. Features include an ample size open living/ dining room with hardwood floors and a fireplace. There is a spacious fully appliance kitchen and recently re-modeled bathroom. The large primary bedroom has an attached 1/2 bath The  front to back sunroom located on the south side of the home is also another charming feature of this home. The partially finished basement can be utilized many different ways conducive to your lifestyle.There is a one car detached garage,a three car tandem driveway and a fenced in yard. Easy highway access and fairly close proximity to waterfront attractions and the MBTA rail station.
Unit Size
2,244 Ft²
Days on Market
-
Land Size
0.13 acres
Price per sqft
$236
Property Type
House
Property Taxes
$422
HOA Dues
-
Year Built
1950

Listed By

Donna Catalan
Right Choice Real Estate

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Cap Rate Calculator

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Cap Rate 100% Occupancy
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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: 25 days ago (MLSPIN #73499215)

Price History

Date / Event Date Event Price
Jun 7, 2026 Price Decreased $529,900
↓ $10K (1.9%)
Price Decreased
May 12, 2026 Price Decreased $539,900
↓ $10K (1.8%)
Price Decreased
Apr 9, 2026 Listed by Lamacchia Realty, Inc. $549,900
Listed by Lamacchia Realty, Inc.
Jul 30, 2021 Sold
Premium
Sold
Jun 3, 2021 Listed by Lamacchia Realty, Inc. $359,900
Listed by Lamacchia Realty, Inc.
Show More

Property Highlights

Garage
Parking Available
Air Conditioning
Fireplace
Parking Details
Has Garage
Has Open Parking
Parking Features: Detached, Paved, Off Street, Paved
Garage Spaces: 1
Open Parking Spaces: 3
Interior Details
Half Bathrooms: 1
Full Bathrooms: 1
Appliances: Gas Water Heater, Range, Dishwasher, Refrigerator, Washer, Dryer
Rooms: 5
Has Fireplace
Fireplaces: 1
Basement: Full, Partially Finished
Exterior Details
Square Footage: 2244
Architectural Style: Ranch
Year Built Source: Public Records
Year Built: 1950
Building Area Total: 2244
Building Area Units: Square Feet
Lot Size Area: 0.13
Lot Size Units: Acres
Lot Size Acres: 0.13
Lot Size Square Feet: 5854
Water Source: Public
Financial Details
Tax Assessed Value: $442,100
Tax Annual Amount: $5,062
Utilities Details
Cooling Type: Central Air
Heating Type: Natural Gas
Sewer : Public Sewer

Building Info

Overview

    General

  • Year Built: 1950
  • Effective Year Built: 1950
  • Building Count: 1
  • Total Rooms: 5
  • Bedroom Count: 2
  • Bathroom Count: 3
  • Full Bathrooms: 2
  • Partial Bathrooms: 3
  • Building Condition: 3
  • Building Quality: 0
  • Construction Type: 6
  • Building Style: 11
  • Exterior Walls Type: 18
  • 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: 1,320
  • Garage Type: 4
  • Parking Space Count: 0
  • Patio Type: 0
  • Porch Type: 0
  • Pool Type: 0

    Dimensions

  • Lot Size Square Feet: 5,854
  • Total Building Area: 2,244
  • Gross Building Area: 2,869
  • Building Area: 2,244
  • Building Area Measurement: L

    Heating and Cooling

  • Fireplace Count: 1
  • Air Conditioning: 0
  • Heating: 10
  • Heated Square Feet: 2,244
  • Heating Fuel Type: 6

    Utilities

  • Sewer System: 0
  • Water Service: 0

Building

  • Building Type: 0
  • Property Class: R
  • Land Acres: 0000000134
  • Standard Land Use Code: 1001
  • County Land Use Code: 101

Neighborhood

  • School District Name: Fall River School District
  • Census Tract: 642300

Zoning

  • Zoning: S

Geography

  • Parcel: FALL M:0S-01 B:0000 L:0021
  • Lot: 21
  • Municipality: FALL RIVER
  • Latitude: 41.7182
  • Longitude: -71.1404

    Address

  • Full Address: 554 Madison St
  • Address - House Number: 554
  • Address - Street Name: Madison
  • Address - Suffix Type: St
  • State: MA
  • City Name: Fall River
  • Carrier Code: C026
  • 4-Digit Zip Code: 5604
  • Zip Code: 02720

Valuation

    Tax

  • Tax Year: 2023
  • Tax Amount: $478,500
  • Initial Tax Delinquent Year: 2022

    Appraisal Valuation

  • Standard Deviation: 0.1865
  • Valuation Date: Jan 17, 2024
  • Confidence Score: 75
  • Final Value: 481,552
  • High Value: 571,403
  • Low Value: 391,702

    Assessments Valuation

  • Assessed Year: 2023
  • Assessed Total Value: $390,000
  • Assessed Land Value: $143,200
  • Assessed Improvements Value: $246,800

    Sales

  • Current Sale Contract Date: Jul 30, 2021
  • Current Sale Recording Date: Jul 30, 2021
  • Current Sale Price:
    Premium
  • Current Sale Document Type: O
  • Current Sale Input Document Number: 17487
  • Previous Sale Recording Date: Nov 16, 2017
  • Previous Sale Amount: $280,000
  • Previous Sale Document Type: O
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

2688 ft²

Average Home Age

86.3 years

Currently For Sale

213 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

Click here to view more rentals in the neighborhood.
Last Updated: 25 days ago
Data Source: MLS PIN, MLS# 73499215

Frequently Asked Questions

When was property at 554 Madison Street built and last sold?
The property at 554 Madison Street was built in 1950 and last sold on Jul 30, 2021 for $366,000.
How much is this home worth?
The estimated value of the home located at 554 Madison Street is $537,006.
What are some comparable homes to 554 Madison Street?
There are currently no comparable homes to 554 Madison Street.
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