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Fall River 02720
585 Nichols St
$375,000
● House - Off Market

585 Nichols St

Fall River, MA 02720
bedrooms
3 Beds
bathrooms
2 Baths
square feet
1,008 Ft²
$417,505
RealtyHop Estimate
4.64%
Since Nov 1, 2022
National-US
Primary Model

About This Property

Well-built and beautifully maintained, this spacious ranch features 3 bedrooms and 2 full bathrooms, with additional living space in the finished basement. Sliding doors off the dining room open to the large deck, which overlooks the expansive backyard. The basement level offers natural light through the full windows, double vanities in the bathroom, and the main bedroom with a walk-in cedar closet. Located in the sought-after Highlands, there is easy access to schools, colleges, hospitals, highways, restaurants and more. This wonderful home has been lovingly cared for and maintained for many years, pride of ownership shines through.
Unit Size
1,008 Ft²
Days on Market
-
Land Size
0.23 acres
Price per sqft
$396
Property Type
House
Property Taxes
$229
HOA Dues
-
Year Built
1966

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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 #73025123)

Price History

Date / Event Date Event Price
Oct 25, 2022 Sold
Premium
Sold
Sep 27, 2022 In contract -
In contract
Sep 27, 2022 Relisted $399,000
Relisted
Sep 20, 2022 In contract -
In contract
Aug 13, 2022 Listed by Jackie Durfee Real Estate $399,000
Listed by Jackie Durfee Real Estate
Show More

Property Highlights

Parking Available
Air Conditioning

Building Info

Overview

    General

  • Year Built: 1966
  • Effective Year Built: 1966
  • Building Count: 1
  • Total Rooms: 5
  • Bedroom Count: 3
  • Bathroom Count: 2
  • Full Bathrooms: 2
  • Partial Bathrooms: 2
  • Building Condition: 6
  • 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: 1,008
  • Garage Type: 0
  • Parking Space Count: 0
  • Patio Type: 0
  • Porch Type: 0
  • Pool Type: 0

    Dimensions

  • Lot Size Square Feet: 10,001
  • Total Building Area: 1,008
  • Gross Building Area: 2,184
  • Building Area: 1,008
  • Building Area Measurement: L

    Heating and Cooling

  • Air Conditioning: 0
  • Heating: 16
  • Heated Square Feet: 1,008
  • Heating Fuel Type: 3

    Utilities

  • Sewer System: 0
  • Water Service: 0

Building

  • Building Type: 0
  • Property Class: R
  • Land Acres: 0000000230
  • 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:0R-17 B:0000 L:0011
  • Lot: 11
  • Municipality: FALL RIVER
  • Latitude: 41.7193
  • Longitude: -71.1258

    Address

  • Full Address: 585 Nichols St
  • Address - House Number: 585
  • Address - Street Name: Nichols
  • Address - Suffix Type: St
  • State: MA
  • City Name: Fall River
  • Carrier Code: C019
  • 4-Digit Zip Code: 7321
  • Zip Code: 02720

Valuation

    Tax

  • Tax Year: 2023
  • Tax Amount: $300,600
  • Initial Tax Delinquent Year: 2023

    Appraisal Valuation

  • Standard Deviation: 0.2016
  • Valuation Date: Jan 17, 2024
  • Confidence Score: 72
  • Final Value: 350,869
  • High Value: 421,607
  • Low Value: 280,130

    Assessments Valuation

  • Assessed Year: 2023
  • Assessed Total Value: $245,000
  • Assessed Land Value: $102,400
  • Assessed Improvements Value: $142,600

    Sales

  • Current Sale Contract Date: Oct 25, 2022
  • Current Sale Recording Date: Oct 25, 2022
  • Current Sale Price:
    Premium
  • Current Sale Document Type: O
  • Current Sale Input Document Number: 18629
  • Previous Sale Recording Date: Sep 21, 1973
  • Previous Sale Amount: $30,500
  • 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

71

Average Home Size

2632 ft²

Average Home Age

85.6 years

Currently For Sale

212 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# 73025123

Frequently Asked Questions

When was property at 585 Nichols Street built and last sold?
The property at 585 Nichols Street was built in 1966 and last sold on Oct 25, 2022 for $375,000.
How much is this home worth?
The estimated value of the home located at 585 Nichols Street is $395,761.
What are some comparable homes to 585 Nichols Street?
There are currently no comparable homes to 585 Nichols Street.
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