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Fall River 02721
562 Cambridge St
$361,000
● House - Off Market

562 Cambridge St

Fall River, MA 02721
bedrooms
4 Beds
bathrooms
1 Bath, 1 Half Bath
square feet
1,748 Ft²
$355,595
RealtyHop Estimate
0.17%
Since Jul 1, 2023
National-US
Primary Model

About This Property

BOM due to buyers financing! This well kept home with a fenced in yard with 1- 2 car garage offers just the right amount of space for you to be able to enjoy the out doors. In the kitchen granite counter tops compliment the stainless steel appliances.. All of the major renovations have been done as there are vinyl windows, vinyl siding and a newer roof.  New hardwood floors installed on main level in 2020. New energy efficient heating system (installed in 2019), hot water tank ( installed in December of 2022). A partially finished basement offers a great space to do your laundry and keep organized. With all of these new updates there is nothing left for you to do except move in, but act fast this property will not last long!!
Unit Size
1,748 Ft²
Days on Market
-
Land Size
0.13 acres
Price per sqft
$203
Property Type
House
Property Taxes
$250
HOA Dues
-
Year Built
1930

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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 #73078369)

Price History

Date / Event Date Event Price
Jun 20, 2023 Sold
Premium
Sold
May 5, 2023 In contract -
In contract
Apr 24, 2023 Relisted $162,500
Relisted
Mar 6, 2023 In contract -
In contract
Feb 11, 2023 Listed by JT Realty Group LLC $355,000
Listed by JT Realty Group LLC
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Property Highlights

Garage
Parking Available
Air Conditioning

Building Info

Overview

    General

  • Year Built: 1930
  • Effective Year Built: 1930
  • Building Count: 1
  • Total Rooms: 7
  • Bedroom Count: 4
  • Bathroom Count: 2
  • Full Bathrooms: 1
  • Partial Bathrooms: 2
  • Building Condition: 3
  • Building Quality: 0
  • Construction Type: 6
  • Building Style: 24
  • 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: 1,040
  • Garage Type: 4
  • Parking Space Count: 0
  • Patio Type: 0
  • Porch Type: 0
  • Pool Type: 0

    Dimensions

  • Lot Size Square Feet: 5,606
  • Total Building Area: 1,748
  • Gross Building Area: 2,860
  • Building Area: 1,748
  • Building Area Measurement: L

    Heating and Cooling

  • Air Conditioning: 0
  • Heating: 16
  • Heated Square Feet: 1,748
  • Heating Fuel Type: 3

    Utilities

  • Sewer System: 0
  • Water Service: 0

Building

  • Building Type: 0
  • Property Class: R
  • Land Acres: 0000000129
  • Standard Land Use Code: 1001
  • County Land Use Code: 101

Neighborhood

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

Zoning

  • Zoning: R-4

Geography

  • Parcel: FALL M:0F-10 B:0000 L:0006
  • Lot: 6
  • Municipality: FALL RIVER
  • Latitude: 41.6861
  • Longitude: -71.1496

    Address

  • Full Address: 562 Cambridge St
  • Address - House Number: 562
  • Address - Street Name: Cambridge
  • Address - Suffix Type: St
  • State: MA
  • City Name: Fall River
  • Carrier Code: C036
  • 4-Digit Zip Code: 3810
  • Zip Code: 02721

Valuation

    Tax

  • Tax Year: 2023
  • Tax Amount: $342,500
  • Initial Tax Delinquent Year: 2024

    Appraisal Valuation

  • Standard Deviation: 0.2033
  • Valuation Date: Jan 17, 2024
  • Confidence Score: 72
  • Final Value: 389,754
  • High Value: 469,021
  • Low Value: 310,487

    Assessments Valuation

  • Assessed Year: 2023
  • Assessed Total Value: $279,100
  • Assessed Land Value: $85,900
  • Assessed Improvements Value: $193,200

    Sales

  • Current Sale Contract Date: Jun 20, 2023
  • Current Sale Recording Date: Jun 20, 2023
  • Current Sale Price:
    Premium
  • Current Sale Document Type: O
  • Current Sale Input Document Number: 8547
  • Previous Sale Recording Date: Aug 01, 2014
  • Previous Sale Amount: $162,500
  • 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

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# 73078369

Frequently Asked Questions

When was property at 562 Cambridge Street built and last sold?
The property at 562 Cambridge Street was built in 1930 and last sold on Jun 20, 2023 for $361,000.
How much is this home worth?
The estimated value of the home located at 562 Cambridge Street is $354,158.
What are some comparable homes to 562 Cambridge Street?
There are currently no comparable homes to 562 Cambridge Street.
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