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Fall River 02720
56 Read St
$235,000
● House - Off Market

56 Read St

Fall River, MA 02720
bedrooms
3 Beds
bathrooms
1 Bath
square feet
1,374 Ft²
$383,482
RealtyHop Estimate
59.85%
Since Aug 1, 2017
National-US
Primary Model

About This Property

Fall River, Great Highland Location, Gambrel Colonial, Great Home 7 room 3 bedroom, 1 bath. One of the Finest Locations, This Property is in move in condition, Lots of Updates Newer Heating and Electric.
Unit Size
1,374 Ft²
Days on Market
-
Land Size
0.11 acres
Price per sqft
$175
Property Type
House
Property Taxes
$233
HOA Dues
-
Year Built
1925

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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: 4 months ago (MLSPIN #72172056)

Price History

Date / Event Date Event Price
Jul 24, 2017 Sold
Premium
Sold
May 30, 2017 Listed by RE/MAX Right Choice $239,900
Listed by RE/MAX Right Choice
Nov 15, 2005 Sold
Premium
Sold
Sep 23, 2005 Listed by RE/MAX Right Choice $279,900
Listed by RE/MAX Right Choice

Property Highlights

Parking Available
Air Conditioning
Fireplace

Building Info

Overview

    General

  • Year Built: 1925
  • Effective Year Built: 1925
  • Building Count: 1
  • Total Rooms: 7
  • Bedroom Count: 3
  • Bathroom Count: 1
  • Full Bathrooms: 1
  • Partial Bathrooms: 1
  • Building Condition: 3
  • Building Quality: 0
  • Construction Type: 6
  • Building Style: 5
  • Exterior Walls Type: 19
  • Interior Walls Type: 0
  • Roof Shape Type: 10
  • Roof Cover Type: 15
  • Floor Count: 200
  • Living Units: 1
  • Floor Cover: 0
  • Basement Type: 7
  • Basement Area: 678
  • Garage Type: 0
  • Parking Space Count: 0
  • Patio Type: 0
  • Porch Type: 0
  • Pool Type: 0

    Dimensions

  • Lot Size Square Feet: 4,988
  • Total Building Area: 1,374
  • Gross Building Area: 2,326
  • Building Area: 1,374
  • Building Area Measurement: L

    Heating and Cooling

  • Fireplace Count: 1
  • Air Conditioning: 0
  • Heating: 10
  • Heated Square Feet: 1,374
  • 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: 642400

Zoning

  • Zoning: G

Geography

  • Parcel: FALL M:0M-04 B:0000 L:0026
  • Lot: 26
  • Municipality: FALL RIVER
  • Latitude: 41.7113
  • Longitude: -71.1412

    Address

  • Full Address: 56 Read St
  • Address - House Number: 56
  • Address - Street Name: Read
  • Address - Suffix Type: St
  • State: MA
  • City Name: Fall River
  • Carrier Code: C048
  • 4-Digit Zip Code: 5538
  • Zip Code: 02720

Valuation

    Tax

  • Tax Year: 2023
  • Tax Amount: $358,700

    Appraisal Valuation

  • Standard Deviation: 0.167
  • Valuation Date: Jan 17, 2024
  • Confidence Score: 78
  • Final Value: 383,277
  • High Value: 447,313
  • Low Value: 319,242

    Assessments Valuation

  • Assessed Year: 2023
  • Assessed Total Value: $292,300
  • Assessed Land Value: $101,800
  • Assessed Improvements Value: $190,500

    Sales

  • Current Sale Recording Date: Jul 24, 2017
  • Current Sale Price:
    Premium
  • Current Sale Document Type: O
  • Current Sale Input Document Number: 12144
  • Previous Sale Recording Date: Nov 15, 2005
  • Previous Sale Amount: $276,900
  • 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

2652 ft²

Average Home Age

86.8 years

Currently For Sale

214 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# 72172056

Frequently Asked Questions

When was property at 56 Read Street built and last sold?
The property at 56 Read Street was built in 1925 and last sold on Jan 1, 1970 for $235,000.
How much is this home worth?
The estimated value of the home located at 56 Read Street is $250,678.
What are some comparable homes to 56 Read Street?
There are currently no comparable homes to 56 Read Street.
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