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Fall River 02720
571 Herman St
$255,000
● House - Off Market

571 Herman St

Fall River, MA 02720
bedrooms
3 Beds
bathrooms
1 Bath
square feet
1,632 Ft²
$623,364
RealtyHop Estimate
115.32%
Since Jul 1, 2012
National-US
Primary Model

About This Property

Great Highlands location! Well maintained oversize  ranch with gleaming hardwoods throughout. Some of the outstanding features include: original kitchen and bath with tile floors, built in hutch in the formal dining room, fireplace living room with french doors that leads out to a 3 season room overlooking private grounds,central air plus a 2 car garage...  A must see!!!
Unit Size
1,632 Ft²
Days on Market
-
Land Size
0.33 acres
Price per sqft
$177
Property Type
House
Property Taxes
$214
HOA Dues
-
Year Built
1956

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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 #71278629)

Price History

Date / Event Date Event Price
Dec 31, 2020 Sold
Premium
Sold
Oct 4, 2020 Listed by Bay Market Real Estate $425,000
Listed by Bay Market Real Estate
Jun 28, 2012 Sold
Premium
Sold
Aug 22, 2011 Listed by Bay Market Real Estate $289,500
Listed by Bay Market Real Estate

Property Highlights

Garage
Parking Available
Air Conditioning
Fireplace

Building Info

Overview

    General

  • Year Built: 1956
  • Effective Year Built: 1980
  • Building Count: 1
  • Total Rooms: 6
  • Bedroom Count: 3
  • Bathroom Count: 2
  • Full Bathrooms: 2
  • Partial Bathrooms: 2
  • Building Condition: 3
  • Building Quality: 0
  • Construction Type: 6
  • Building Style: 11
  • Exterior Walls Type: 18
  • Interior Walls Type: 0
  • Roof Shape Type: 1
  • Roof Cover Type: 15
  • Floor Count: 100
  • Living Units: 1
  • Floor Cover: 0
  • Basement Type: 7
  • Basement Area: 1,632
  • Garage Type: 1
  • Parking Space Count: 0
  • Patio Type: 0
  • Porch Type: 0
  • Pool Type: 0

    Dimensions

  • Lot Size Square Feet: 14,301
  • Total Building Area: 1,662
  • Gross Building Area: 3,886
  • Building Area: 1,662
  • Building Area Measurement: L

    Heating and Cooling

  • Fireplace Count: 1
  • Air Conditioning: 13
  • Heating: 10
  • Heated Square Feet: 1,662
  • Heating Fuel Type: 3

    Utilities

  • Sewer System: 0
  • Water Service: 0

Building

  • Building Type: 0
  • Property Class: R
  • Land Acres: 0000000328
  • Standard Land Use Code: 1001
  • County Land Use Code: 101

Neighborhood

  • School District Name: Fall River School District
  • Census Tract: 642500

Zoning

  • Zoning: S

Geography

  • Parcel: FALL M:0U-19 B:0000 L:0021
  • Lot: 21
  • Municipality: FALL RIVER
  • Latitude: 41.7302
  • Longitude: -71.1263

    Address

  • Full Address: 571 Herman St
  • Address - House Number: 571
  • Address - Street Name: Herman
  • Address - Suffix Type: St
  • State: MA
  • City Name: Fall River
  • Carrier Code: C046
  • 4-Digit Zip Code: 6617
  • Zip Code: 02720

Valuation

    Tax

  • Tax Year: 2023
  • Tax Amount: $464,800

    Appraisal Valuation

  • Standard Deviation: 0.1787
  • Valuation Date: Jan 17, 2024
  • Confidence Score: 76
  • Final Value: 491,765
  • High Value: 579,683
  • Low Value: 403,847

    Assessments Valuation

  • Assessed Year: 2023
  • Assessed Total Value: $378,800
  • Assessed Land Value: $106,200
  • Assessed Improvements Value: $272,600

    Sales

  • Current Sale Contract Date: Dec 30, 2020
  • Current Sale Recording Date: Dec 31, 2020
  • Current Sale Price:
    Premium
  • Current Sale Document Type: O
  • Current Sale Input Document Number: 52134
  • Previous Sale Recording Date: Jun 28, 2012
  • Previous Sale Amount: $255,000
  • 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 Fall River

Stats & Trends

Median Asking:

$499,900

Sale Price/ft²

$241

Below Asking

0.02%

Average Days on Market

70

Average Home Size

2674 ft²

Average Home Age

86.3 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

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Last Updated: 4 months ago
Data Source: MLS PIN, MLS# 71278629

Frequently Asked Questions

When was property at 571 Herman Street built and last sold?
The property at 571 Herman Street was built in 1956 and last sold on Dec 30, 2020 for $400,000.
How much is this home worth?
The estimated value of the home located at 571 Herman Street is $423,491.
What are some comparable homes to 571 Herman Street?
There are currently no comparable homes to 571 Herman Street.
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