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Fall River 02721
589 2nd St
$360,000
● House - Off Market

589 2nd St

Fall River, MA 02721
bedrooms
2 Beds
bathrooms
2 Baths
square feet
1,428 Ft²
$362,974
RealtyHop Estimate
4.00%
Since Oct 1, 2022
National-US
Primary Model

About This Property

Fall River- Spacious raised ranch consisting of 6 rooms 2 bedrooms and 2 baths. This wonderful home has an open floor plan with lovely eat in kitchen with easy access to the enormous deck with sliders. Good Sized living room, Formal dining room,  Plenty of room in these bedrooms each with closets. Finished lower level with family room and 2nd bathroom. Vinyl sided. 1 car oversized garage. Central A/C. Walk in closet.
Unit Size
1,428 Ft²
Days on Market
-
Land Size
0.11 acres
Price per sqft
$244
Property Type
House
Property Taxes
$276
HOA Dues
-
Year Built
2001

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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 #73006797)

Price History

Date / Event Date Event Price
Sep 30, 2022 Sold
Premium
Sold
Jul 3, 2022 Listed by Migneault REALTORS® $349,000
Listed by Migneault REALTORS®
Jul 31, 2002 Sold
Premium
Sold
May 30, 2002 Sold
Premium
Sold
Mar 16, 2002 Listed by Migneault REALTORS® $179,900
Listed by Migneault REALTORS®
Show More

Property Highlights

Garage
Parking Available
Air Conditioning

Building Info

Overview

    General

  • Year Built: 2001
  • Effective Year Built: 2001
  • Building Count: 1
  • Total Rooms: 5
  • Bedroom Count: 3
  • Bathroom Count: 1
  • Full Bathrooms: 1
  • Partial Bathrooms: 1
  • Building Condition: 3
  • 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: 896
  • Garage Type: 1
  • Parking Space Count: 1
  • Patio Type: 0
  • Porch Type: 0
  • Pool Type: 0

    Dimensions

  • Lot Size Square Feet: 4,552
  • Total Building Area: 1,428
  • Gross Building Area: 2,868
  • Building Area: 1,428
  • Building Area Measurement: L

    Heating and Cooling

  • Air Conditioning: 13
  • Heating: 4
  • Heated Square Feet: 1,428
  • Heating Fuel Type: 3

    Utilities

  • Sewer System: 0
  • Water Service: 0

Building

  • Building Type: 0
  • Property Class: R
  • Land Acres: 0000000104
  • Standard Land Use Code: 1001
  • County Land Use Code: 101

Neighborhood

  • School District Name: Fall River School District
  • Census Tract: 640901

Zoning

  • Zoning: A-3

Geography

  • Parcel: FALL M:0G-07 B:0000 L:0069
  • Lot: 69
  • Municipality: FALL RIVER
  • Latitude: 41.6946
  • Longitude: -71.1593

    Address

  • Full Address: 589 2nd St
  • Address - House Number: 589
  • Address - Street Name: 2nd
  • Address - Suffix Type: St
  • State: MA
  • City Name: Fall River
  • Carrier Code: C009
  • 4-Digit Zip Code: 1858
  • Zip Code: 02721

Valuation

    Tax

  • Tax Year: 2023
  • Tax Amount: $377,300

    Appraisal Valuation

  • Standard Deviation: 0.2556
  • Valuation Date: Jan 17, 2024
  • Confidence Score: 63
  • Final Value: 378,105
  • High Value: 474,785
  • Low Value: 281,425

    Assessments Valuation

  • Assessed Year: 2023
  • Assessed Total Value: $307,500
  • Assessed Land Value: $85,100
  • Assessed Improvements Value: $222,400

    Sales

  • Current Sale Contract Date: Sep 30, 2022
  • Current Sale Recording Date: Sep 30, 2022
  • Current Sale Price:
    Premium
  • Current Sale Document Type: O
  • Current Sale Input Document Number: 17249
  • Previous Sale Recording Date: May 30, 2002
  • Previous Sale Amount: $176,000
  • 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

2688 ft²

Average Home Age

86.3 years

Currently For Sale

213 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# 73006797

Frequently Asked Questions

When was property at 589 2nd Street built and last sold?
The property at 589 2nd Street was built in 2001 and last sold on Sep 30, 2022 for $360,000.
How much is this home worth?
The estimated value of the home located at 589 2nd Street is $351,197.
What are some comparable homes to 589 2nd Street?
There are currently no comparable homes to 589 2nd Street.
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