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Brockton 02302
56 River St
$305,000
● House - Off Market

56 River St

Brockton, MA 02302
bedrooms
3 Beds
bathrooms
1 Bath
square feet
738 Ft²
$297,733
RealtyHop Estimate
-0.72%
Since Sep 1, 2023
MA-Boston
Primary Model

About This Property

This home is perfect for a first time home buyer looking to build instant equity by fixing it up as you live in it . All major updates have been completed roof and heating system are six years old, the hot water tank is two years old.This could also be an opportunity for an investor to build or add on to make it a two family possibilities are endless. Inventory is low, don't wait before it's gone!
Unit Size
738 Ft²
Days on Market
-
Land Size
0.36 acres
Price per sqft
$406
Property Type
House
Property Taxes
$286
HOA Dues
-
Year Built
1925

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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: 5 months ago (MLSPIN #73135758)

Price History

Date / Event Date Event Price
Aug 21, 2023 Sold
Premium
Sold
Jul 17, 2023 In contract -
In contract
Jul 13, 2023 Listed by RE/MAX Synergy $299,900
Listed by RE/MAX Synergy
Sep 29, 2017 Sold
Premium
Sold
Jul 17, 2002 Sold
Premium
Sold

Property Highlights

Parking Available
Air Conditioning

Building Info

Overview

    General

  • Year Built: 1925
  • Effective Year Built: 1925
  • Building Count: 1
  • Total Rooms: 5
  • Bedroom Count: 3
  • Bathroom Count: 1
  • Full Bathrooms: 1
  • Partial Bathrooms: 1
  • Building Condition: 6
  • Building Quality: 0
  • Construction Type: 0
  • Building Style: 3
  • Exterior Walls Type: 18
  • Interior Walls Type: 0
  • Roof Shape Type: 0
  • Roof Cover Type: 0
  • Floor Count: 200
  • Living Units: 1
  • Floor Cover: 0
  • Basement Type: 2
  • Basement Area: 0
  • Garage Type: 1
  • Parking Space Count: 0
  • Patio Type: 0
  • Porch Type: 0
  • Pool Type: 0

    Dimensions

  • Lot Size Square Feet: 15,734
  • Total Building Area: 770
  • Gross Building Area: 770
  • Building Area: 770
  • Building Area Measurement: L

    Heating and Cooling

  • Air Conditioning: 0
  • Heating: 10
  • Heated Square Feet: 770
  • Heating Fuel Type: 6

    Utilities

  • Sewer System: 0
  • Water Service: 0

Building

  • Building Type: 0
  • Property Class: R
  • Land Acres: 0000000361
  • Standard Land Use Code: 1001
  • County Land Use Code: 101

Neighborhood

  • School District Name: Brockton School District
  • Census Tract: 511000

Zoning

  • Zoning: R2

Geography

  • Account Number: 162-062
  • Parcel: BROC M:162 R:062 S:
  • Municipality: BROCKTON
  • Latitude: 42.0935
  • Longitude: -71.0134

    Address

  • Full Address: 56 River St
  • Address - House Number: 56
  • Address - Street Name: River
  • Address - Suffix Type: St
  • State: MA
  • City Name: Brockton
  • Carrier Code: C052
  • 4-Digit Zip Code: 2363
  • Zip Code: 02302

Valuation

    Tax

  • Tax Year: 2024
  • Tax Amount: $347,600

    Appraisal Valuation

  • Standard Deviation: 0.1713
  • Valuation Date: Mar 13, 2024
  • Confidence Score: 78
  • Final Value: 338,626
  • High Value: 396,640
  • Low Value: 280,613

    Assessments Valuation

  • Assessed Year: 2024
  • Assessed Total Value: $289,200
  • Assessed Land Value: $141,300
  • Assessed Improvements Value: $147,900

    Sales

  • Current Sale Contract Date: Aug 21, 2023
  • Current Sale Recording Date: Aug 21, 2023
  • Current Sale Price:
    Premium
  • Current Sale Document Type: O
  • Current Sale Input Document Number: 53485
  • Previous Sale Recording Date: Sep 29, 2017
  • Previous Sale Amount: $170,000
  • 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 Brockton

Stats & Trends

Median Asking:

$509,900

Sale Price/ft²

$325

Below Asking

0.02%

Average Days on Market

60

Average Home Size

1704 ft²

Average Home Age

74.4 years

Currently For Sale

177 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

Unit for rent at 20 Haverhill St, MA, 02301

$1,695 /mo

  • 1 Bed
  • 1 Bath
20 Haverhill St, MA, 02301 Listing by Rick Rivera
Unit for rent at 54 Haverhill St, MA, 02301

$1,695 /mo

  • 1 Bed
  • 1 Bath
54 Haverhill St, MA, 02301 Listing by Rick Rivera

Rentals Near You

Click here to view more rentals in the neighborhood.
Last Updated: 5 months ago
Data Source: MLS PIN, MLS# 73135758

Frequently Asked Questions

When was property at 56 River Street built and last sold?
The property at 56 River Street was built in 1925 and last sold on Aug 21, 2023 for $305,000.
How much is this home worth?
The estimated value of the home located at 56 River Street is $301,071.
What are some comparable homes to 56 River Street?
There are currently no comparable homes to 56 River Street.
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