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Fall River 02721
588 Wood St.
$315,000
● House - Off Market

588 Wood St.

Fall River, MA 02721
bedrooms
4 Beds
bathrooms
2 Baths
square feet
2,820 Ft²
$540,068
RealtyHop Estimate
68.82%
Since Oct 1, 2016
National-US
Primary Model

About This Property

Meticulous & spacious describe this magnificent split entry home in desirable area of Fall River. House has gleaming hardwood floors throughout. Completely remodeled kitchen, dining room, living room, 3 large bedrooms & large bathroom on 1st level along with wood burning fireplace insert, central air & sliding glass door to huge deck. Lower level has tile floors, completely separate functioning kitchen, another large bedroom, large bathroom, front to back family/living room with cast iron wood stove & oversized underneath garage. Huge manicured yard with 2 storage sheds. Come check it out, this one won't last.
Unit Size
2,820 Ft²
Days on Market
-
Land Size
0.39 acres
Price per sqft
$113
Property Type
House
Property Taxes
$297
HOA Dues
-
Year Built
1986

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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 #72013106)

Price History

Date / Event Date Event Price
Sep 9, 2016 Sold
Premium
Sold
May 27, 2016 Listed by Prestige Realty Experts Inc. $319,900
Listed by Prestige Realty Experts Inc.
Dec 13, 2002 Sold
Premium
Sold
Sep 4, 2002 Listed by Prestige Realty Experts Inc. $279,900
Listed by Prestige Realty Experts Inc.

Property Highlights

Parking Available
Garage
Air Conditioning
Fireplace

Building Info

Overview

    General

  • Year Built: 1986
  • Effective Year Built: 1986
  • 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: 19
  • Exterior Walls Type: 12
  • Interior Walls Type: 0
  • Roof Shape Type: 8
  • Roof Cover Type: 15
  • Floor Count: 100
  • Living Units: 1
  • Floor Cover: 0
  • Basement Type: 3
  • Basement Area: 1,698
  • Garage Type: 1
  • Parking Space Count: 0
  • Patio Type: 0
  • Porch Type: 0
  • Pool Type: 0

    Dimensions

  • Lot Size Square Feet: 17,402
  • Total Building Area: 2,958
  • Gross Building Area: 3,370
  • Building Area: 2,958
  • Building Area Measurement: L

    Heating and Cooling

  • Fireplace Count: 1
  • Air Conditioning: 13
  • Heating: 4
  • Heated Square Feet: 2,958
  • Heating Fuel Type: 3

    Utilities

  • Sewer System: 0
  • Water Service: 0

Building

  • Building Type: 0
  • Property Class: R
  • Land Acres: 0000000399
  • Standard Land Use Code: 1001
  • County Land Use Code: 101

Neighborhood

  • School District Name: Fall River School District
  • Census Tract: 640100

Zoning

  • Zoning: R-8

Geography

  • Parcel: FALL M:0D-12 B:0000 L:0033
  • Lot: 33
  • Municipality: FALL RIVER
  • Latitude: 41.664
  • Longitude: -71.1434

    Address

  • Full Address: 588 Wood St
  • Address - House Number: 588
  • Address - Street Name: Wood
  • Address - Suffix Type: St
  • State: MA
  • City Name: Fall River
  • Carrier Code: C033
  • 4-Digit Zip Code: 4433
  • Zip Code: 02721

Valuation

    Tax

  • Tax Year: 2023
  • Tax Amount: $505,900

    Appraisal Valuation

  • Standard Deviation: 0.1663
  • Valuation Date: Jan 17, 2024
  • Confidence Score: 78
  • Final Value: 531,982
  • High Value: 620,497
  • Low Value: 443,468

    Assessments Valuation

  • Assessed Year: 2023
  • Assessed Total Value: $412,300
  • Assessed Land Value: $130,700
  • Assessed Improvements Value: $281,600

    Sales

  • Current Sale Recording Date: Sep 09, 2016
  • Current Sale Price:
    Premium
  • Current Sale Document Type: O
  • Current Sale Input Document Number: 48210
  • Previous Sale Recording Date: Dec 13, 2002
  • Previous Sale Amount: $275,000
  • Previous Sale Document Type: 48
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:

$499,999

Sale Price/ft²

$241

Below Asking

0.02%

Average Days on Market

71

Average Home Size

2671 ft²

Average Home Age

84 years

Currently For Sale

202 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: 5 months ago
Data Source: MLS PIN, MLS# 72013106

Frequently Asked Questions

When was property at 588 Wood Street built and last sold?
The property at 588 Wood Street was built in 1986 and last sold on Jan 1, 1970 for $315,000.
How much is this home worth?
The estimated value of the home located at 588 Wood Street is $338,000.
What are some comparable homes to 588 Wood Street?
There are currently no comparable homes to 588 Wood Street.
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