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Fall River 02721
591 Chicago St
$459,900
● House - Off Market

591 Chicago St

Fall River, MA 02721
bedrooms
4 Beds
bathrooms
2 Baths
square feet
2,016 Ft²
$453,403
RealtyHop Estimate
0.78%
Since Jun 1, 2022
National-US
Primary Model

About This Property

Welcome Home to this beautifully landscaped  4 bedroom 2 bathroom home set in desirable neighborhood of Fall River . Granite countertops in kitchen, with pot filler above stove. Heated kitchen floors. Hardwood floors throughout first floor.  Beautiful porcelain tiles in Bathroom (heated floors). Pellet stove in great room to enjoy on the cold winter days. Walk down to the lower level that has 1 bedroom and a full bath and rec room. Also includes a laundry area, office, and storage area. . While exiting the great room on to the patio enjoy your summer BBQ with a roll out awning. Garage is 24X24 fully insulated and dry walled, with its own separate electrical panel. Home comes with back up generator system.
Unit Size
2,016 Ft²
Days on Market
-
Land Size
0.14 acres
Price per sqft
$223
Property Type
House
Property Taxes
$298
HOA Dues
-
Year Built
1962

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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 #72953902)

Price History

Date / Event Date Event Price
May 31, 2022 Sold
Premium
Sold
Mar 16, 2022 Listed by HomeSmart Heritage Realty $449,900
Listed by HomeSmart Heritage Realty
Jan 9, 2020 Sold
Premium
Sold
Nov 15, 2019 Listed by HomeSmart Heritage Realty $250,000
Listed by HomeSmart Heritage Realty
Oct 18, 2019 Sold
Premium
Sold

Property Highlights

Garage
Parking Available
Air Conditioning

Building Info

Overview

    General

  • Year Built: 1962
  • Effective Year Built: 1962
  • 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: 11
  • Exterior Walls Type: 19
  • Interior Walls Type: 0
  • Roof Shape Type: 1
  • Roof Cover Type: 15
  • Floor Count: 100
  • Living Units: 1
  • Floor Cover: 0
  • Basement Type: 3
  • Basement Area: 1,512
  • Garage Type: 4
  • Parking Space Count: 0
  • Patio Type: 0
  • Porch Type: 0
  • Pool Type: 0

    Dimensions

  • Lot Size Square Feet: 5,985
  • Total Building Area: 2,016
  • Gross Building Area: 2,352
  • Building Area: 2,016
  • Building Area Measurement: L

    Heating and Cooling

  • Air Conditioning: 0
  • Heating: 16
  • Heated Square Feet: 2,016
  • Heating Fuel Type: 3

    Utilities

  • Sewer System: 0
  • Water Service: 0

Building

  • Building Type: 0
  • Property Class: R
  • Land Acres: 0000000137
  • Standard Land Use Code: 1001
  • County Land Use Code: 101

Neighborhood

  • School District Name: Fall River School District
  • Census Tract: 640800

Zoning

  • Zoning: IND

Geography

  • Parcel: FALL M:0E-24 B:0000 L:0024
  • Lot: 24
  • Municipality: FALL RIVER
  • Latitude: 41.6773
  • Longitude: -71.1453

    Address

  • Full Address: 591 Chicago St
  • Address - House Number: 591
  • Address - Street Name: Chicago
  • Address - Suffix Type: St
  • State: MA
  • City Name: Fall River
  • Carrier Code: C052
  • 4-Digit Zip Code: 4916
  • Zip Code: 02721

Valuation

    Tax

  • Tax Year: 2023
  • Tax Amount: $398,900

    Appraisal Valuation

  • Standard Deviation: 0.167
  • Valuation Date: Jan 17, 2024
  • Confidence Score: 78
  • Final Value: 429,922
  • High Value: 501,750
  • Low Value: 358,093

    Assessments Valuation

  • Assessed Year: 2023
  • Assessed Total Value: $325,100
  • Assessed Land Value: $102,700
  • Assessed Improvements Value: $222,400

    Sales

  • Current Sale Contract Date: May 31, 2022
  • Current Sale Recording Date: May 31, 2022
  • Current Sale Price:
    Premium
  • Current Sale Document Type: O
  • Current Sale Input Document Number: 10016
  • Previous Sale Recording Date: Jan 09, 2020
  • Previous Sale Contract Date: Jan 09, 2020
  • Previous Sale Amount: $240,500
  • 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

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

Click here to view more rentals in the neighborhood.
Last Updated: 4 months ago
Data Source: MLS PIN, MLS# 72953902

Frequently Asked Questions

When was property at 591 Chicago Street built and last sold?
The property at 591 Chicago Street was built in 1962 and last sold on May 31, 2022 for $459,900.
How much is this home worth?
The estimated value of the home located at 591 Chicago Street is $454,578.
What are some comparable homes to 591 Chicago Street?
There are currently no comparable homes to 591 Chicago Street.
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