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Fall River 02724
56 Benjamin St
$350,000
● House - Off Market

56 Benjamin St

Fall River, MA 02724
bedrooms
3 Beds
bathrooms
2 Baths, 1 Half Bath
square feet
1,620 Ft²
$395,738
RealtyHop Estimate
5.53%
Since Dec 1, 2022
National-US
Primary Model

About This Property

Welcome to this beautiful Colonial featuring 3 bedrooms, 2 and 1/2 baths and a great open feel. On the first floor you have a large kitchen, living room, dining area with a walk out to the patio and half bath that also holds the laundry units. On the second floor there are all 3 bedrooms, a full bath from the common area and a full bath attached to the primary bedroom. The exterior of the property is vinyl sided for easy maintenance, has off street parking and a fenced in yard! Some other features of the home include central air, a dishwasher and walk out basement. The property is in close proximity to many amenities and easy highway access
Unit Size
1,620 Ft²
Days on Market
-
Land Size
0.11 acres
Price per sqft
$231
Property Type
House
Property Taxes
$278
HOA Dues
-
Year Built
2005

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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 #73039681)

Price History

Date / Event Date Event Price
Dec 1, 2022 Sold
Premium
Sold
Nov 10, 2022 In contract -
In contract
Sep 22, 2022 Listed by Rhode Island Reciprocal $375,000
Listed by Rhode Island Reciprocal
May 22, 2006 Sold
Premium
Sold
Jan 26, 2006 Listed by Rhode Island Reciprocal $285,900
Listed by Rhode Island Reciprocal
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Property Highlights

Parking Available
Air Conditioning

Building Info

Overview

    General

  • Year Built: 2005
  • Effective Year Built: 2005
  • Building Count: 1
  • Bedroom Count: 0
  • Bathroom Count: 2
  • Full Bathrooms: 2
  • Partial Bathrooms: 2
  • Building Condition: 3
  • Building Quality: 0
  • Construction Type: 6
  • Building Style: 5
  • Exterior Walls Type: 19
  • Interior Walls Type: 0
  • Roof Shape Type: 1
  • Roof Cover Type: 15
  • Floor Count: 200
  • Living Units: 1
  • Floor Cover: 0
  • Basement Type: 7
  • Basement Area: 780
  • Garage Type: 0
  • Parking Space Count: 0
  • Patio Type: 0
  • Porch Type: 0
  • Pool Type: 0

    Dimensions

  • Lot Size Square Feet: 5,001
  • Total Building Area: 1,620
  • Gross Building Area: 2,545
  • Building Area: 1,620
  • Building Area Measurement: L

    Heating and Cooling

  • Air Conditioning: 13
  • Heating: 10
  • Heated Square Feet: 1,620
  • Heating Fuel Type: 3

    Utilities

  • Sewer System: 0
  • Water Service: 0

Building

  • Building Type: 0
  • Property Class: R
  • Land Acres: 0000000115
  • Standard Land Use Code: 1001
  • County Land Use Code: 101

Neighborhood

  • School District Name: Fall River School District
  • Census Tract: 640202

Zoning

  • Zoning: B-L

Geography

  • Parcel: FALL M:0B-14 B:0000 L:0063
  • Lot: 63
  • Municipality: FALL RIVER
  • Latitude: 41.6839
  • Longitude: -71.1743

    Address

  • Full Address: 56 Benjamin St
  • Address - House Number: 56
  • Address - Street Name: Benjamin
  • Address - Suffix Type: St
  • State: MA
  • City Name: Fall River
  • Carrier Code: C093
  • 4-Digit Zip Code: 2526
  • Zip Code: 02724

Valuation

    Tax

  • Tax Year: 2023
  • Tax Amount: $376,100
  • Initial Tax Delinquent Year: 2023

    Appraisal Valuation

  • Standard Deviation: 0.2052
  • Valuation Date: Mar 13, 2024
  • Confidence Score: 72
  • Final Value: 400,915
  • High Value: 483,185
  • Low Value: 318,646

    Assessments Valuation

  • Assessed Year: 2023
  • Assessed Total Value: $306,500
  • Assessed Land Value: $85,400
  • Assessed Improvements Value: $221,100

    Sales

  • Current Sale Contract Date: Nov 30, 2022
  • Current Sale Recording Date: Dec 01, 2022
  • Current Sale Price:
    Premium
  • Current Sale Document Type: O
  • Current Sale Input Document Number: 20679
  • Previous Sale Recording Date: May 22, 2006
  • Previous Sale Amount: $279,000
  • 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

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: 4 months ago
Data Source: MLS PIN, MLS# 73039681

Frequently Asked Questions

When was property at 56 Benjamin Street built and last sold?
The property at 56 Benjamin Street was built in 2005 and last sold on Nov 30, 2022 for $350,000.
How much is this home worth?
The estimated value of the home located at 56 Benjamin Street is $374,055.
What are some comparable homes to 56 Benjamin Street?
There are currently no comparable homes to 56 Benjamin Street.
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