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Fall River 02721
706 Spencer St
$260,000
● House - Off Market

706 Spencer St

Fall River, MA 02721
bedrooms
2 Beds
bathrooms
1 Bath, 1 Half Bath
square feet
1,060 Ft²
$375,380
RealtyHop Estimate
42.19%
Since May 1, 2020
National-US
Primary Model

About This Property

Great starter home or perfect downsize property. Remodeled and ready to go. Large lot plenty of room to have a garden or just relax on the summer weekends. First floor features a remodeled kitchen and living room (open floor concept), home office, washer/dryer location, full bath. Second floor features 2 good size bedrooms with 1/2 bath.
Unit Size
1,060 Ft²
Days on Market
-
Land Size
0.29 acres
Price per sqft
$249
Property Type
House
Property Taxes
$218
HOA Dues
-
Year Built
1980

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Cap Rate Calculator

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Cap Rate 100% Occupancy
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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 #72628537)

Price History

Date / Event Date Event Price
Jun 25, 2021 Sold
Premium
Sold
May 12, 2021 Listed by Ponte & Associates Real Estate $299,900
Listed by Ponte & Associates Real Estate
May 1, 2020 Sold
Premium
Sold
Mar 5, 2020 Listed by Ponte & Associates Real Estate $264,000
Listed by Ponte & Associates Real Estate
Aug 9, 2019 Sold
Premium
Sold
Show More

Property Highlights

Parking Available
Air Conditioning

Building Info

Overview

    General

  • Year Built: 1980
  • Effective Year Built: 2005
  • Building Count: 1
  • Total Rooms: 4
  • Bedroom Count: 2
  • Bathroom Count: 2
  • Full Bathrooms: 1
  • Partial Bathrooms: 2
  • Building Condition: 3
  • Building Quality: 0
  • Construction Type: 6
  • Building Style: 5
  • Exterior Walls Type: 19
  • Interior Walls Type: 0
  • Roof Shape Type: 1
  • Roof Cover Type: 15
  • Floor Count: 200
  • Living Units: 1
  • Floor Cover: 0
  • Basement Type: 0
  • Basement Area: 0
  • Garage Type: 0
  • Parking Space Count: 0
  • Patio Type: 0
  • Porch Type: 0
  • Pool Type: 0

    Dimensions

  • Lot Size Square Feet: 12,685
  • Total Building Area: 960
  • Gross Building Area: 1,264
  • Building Area: 960
  • Building Area Measurement: L

    Heating and Cooling

  • Air Conditioning: 13
  • Heating: 10
  • Heated Square Feet: 960
  • Heating Fuel Type: 3

    Utilities

  • Sewer System: 0
  • Water Service: 0

Building

  • Building Type: 0
  • Property Class: R
  • Land Acres: 0000000291
  • Standard Land Use Code: 1001
  • County Land Use Code: 101

Neighborhood

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

Zoning

  • Zoning: S

Geography

  • Parcel: FALL M:0D-08 B:0000 L:0055
  • Lot: 55
  • Municipality: FALL RIVER
  • Latitude: 41.6665
  • Longitude: -71.14

    Address

  • Full Address: 706 Spencer St
  • Address - House Number: 706
  • Address - Street Name: Spencer
  • Address - Suffix Type: St
  • State: MA
  • City Name: Fall River
  • Carrier Code: C016
  • 4-Digit Zip Code: 4539
  • Zip Code: 02721

Valuation

    Tax

  • Tax Year: 2023
  • Tax Amount: $332,100
  • Initial Tax Delinquent Year: 2022

    Appraisal Valuation

  • Standard Deviation: 0.2028
  • Valuation Date: Jan 17, 2024
  • Confidence Score: 72
  • Final Value: 354,968
  • High Value: 426,974
  • Low Value: 282,962

    Assessments Valuation

  • Assessed Year: 2023
  • Assessed Total Value: $270,700
  • Assessed Land Value: $125,800
  • Assessed Improvements Value: $144,900

    Sales

  • Current Sale Contract Date: Jun 25, 2021
  • Current Sale Recording Date: Jun 25, 2021
  • Current Sale Price:
    Premium
  • Current Sale Document Type: O
  • Current Sale Input Document Number: 52678
  • Previous Sale Recording Date: May 01, 2020
  • Previous Sale Contract Date: Apr 23, 2020
  • Previous Sale Amount: $260,000
  • 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# 72628537

Frequently Asked Questions

When was property at 706 Spencer Street built and last sold?
The property at 706 Spencer Street was built in 1980 and last sold on Jun 25, 2021 for $326,000.
How much is this home worth?
The estimated value of the home located at 706 Spencer Street is $298,395.
What are some comparable homes to 706 Spencer Street?
There are currently no comparable homes to 706 Spencer Street.
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