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Fall River 02721
56 Terrace St
$240,000
● House - Off Market

56 Terrace St

Fall River, MA 02721
bedrooms
3 Beds
bathrooms
1 Bath
square feet
1,144 Ft²
$351,605
RealtyHop Estimate
46.56%
Since Oct 1, 2019
National-US
Primary Model

About This Property

Beautiful three bedroom Raised Ranch with Open Floor Plan in one of Fall River's most desirable neighborhoods. Close to shopping and highways yet located in a very quiet area close to the new bicycle path. Square footage does not include partially finished basement. Needs some TLC. Private fenced in yard with a deck that has direct access from the dining room. Washer Dryer hookups in the basement. Buyers and Buyers Agent to verify all information. Data herein deemed reliable but not guaranteed.
Unit Size
1,144 Ft²
Days on Market
-
Land Size
0.09 acres
Price per sqft
$210
Property Type
House
Property Taxes
$242
HOA Dues
-
Year Built
2000

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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 #72508218)

Price History

Date / Event Date Event Price
Sep 19, 2019 Sold
Premium
Sold
May 29, 2019 Listed by revolv Real Estate $239,900
Listed by revolv Real Estate
May 21, 2001 Sold
Premium
Sold

Property Highlights

Garage
Parking Available
Air Conditioning

Building Info

Overview

    General

  • Year Built: 2000
  • Effective Year Built: 2000
  • Building Count: 1
  • Total Rooms: 6
  • Bedroom Count: 3
  • Bathroom Count: 1
  • Full Bathrooms: 1
  • Partial Bathrooms: 1
  • Building Condition: 6
  • Building Quality: 0
  • Construction Type: 6
  • Building Style: 19
  • Exterior Walls Type: 19
  • Interior Walls Type: 0
  • Roof Shape Type: 8
  • Roof Cover Type: 15
  • Floor Count: 100
  • Living Units: 1
  • Floor Cover: 0
  • Basement Type: 7
  • Basement Area: 800
  • Garage Type: 1
  • Parking Space Count: 1
  • Patio Type: 0
  • Porch Type: 0
  • Pool Type: 0

    Dimensions

  • Lot Size Square Feet: 3,916
  • Total Building Area: 1,292
  • Gross Building Area: 2,428
  • Building Area: 1,292
  • Building Area Measurement: L

    Heating and Cooling

  • Air Conditioning: 13
  • Heating: 10
  • Heated Square Feet: 1,292
  • Heating Fuel Type: 3

    Utilities

  • Sewer System: 0
  • Water Service: 0

Building

  • Building Type: 0
  • Property Class: R
  • Land Acres: 0000000090
  • Standard Land Use Code: 1001
  • County Land Use Code: 101

Neighborhood

  • School District Name: Fall River School District
  • Census Tract: 640600

Zoning

  • Zoning: A-3

Geography

  • Parcel: FALL M:0I-24 B:0000 L:0098
  • Lot: 98
  • Municipality: FALL RIVER
  • Latitude: 41.6896
  • Longitude: -71.1513

    Address

  • Full Address: 56 Terrace St
  • Address - House Number: 56
  • Address - Street Name: Terrace
  • Address - Suffix Type: St
  • State: MA
  • City Name: Fall River
  • Carrier Code: C053
  • 4-Digit Zip Code: 3924
  • Zip Code: 02721

Valuation

    Tax

  • Tax Year: 2023
  • Tax Amount: $352,600

    Appraisal Valuation

  • Standard Deviation: 0.2028
  • Valuation Date: Jan 17, 2024
  • Confidence Score: 72
  • Final Value: 376,579
  • High Value: 452,968
  • Low Value: 300,190

    Assessments Valuation

  • Assessed Year: 2023
  • Assessed Total Value: $287,400
  • Assessed Land Value: $79,300
  • Assessed Improvements Value: $208,100

    Sales

  • Current Sale Contract Date: Sep 14, 2019
  • Current Sale Recording Date: Sep 19, 2019
  • Current Sale Price:
    Premium
  • Current Sale Document Type: O
  • Current Sale Input Document Number: 15856
  • Previous Sale Recording Date: May 21, 2001
  • Previous Sale Amount: $145,000
  • 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

2629 ft²

Average Home Age

85.8 years

Currently For Sale

216 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

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Last Updated: 4 months ago
Data Source: MLS PIN, MLS# 72508218

Frequently Asked Questions

When was property at 56 Terrace Street built and last sold?
The property at 56 Terrace Street was built in 2000 and last sold on Sep 14, 2019 for $240,000.
How much is this home worth?
The estimated value of the home located at 56 Terrace Street is $246,099.
What are some comparable homes to 56 Terrace Street?
There are currently no comparable homes to 56 Terrace Street.
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