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Fall River 02723
88 Monarch St
$265,000
● House - Off Market

88 Monarch St

Fall River, MA 02723
bedrooms
5 Beds
bathrooms
2 Baths
square feet
1,800 Ft²
$388,338
RealtyHop Estimate
44.36%
Since Mar 1, 2020
National-US
Primary Model

About This Property

RARE FIND HOME with IN-LAW SET UP READY TO MOVE IN. This home is very deceiving from the outside but once you walk in your not going to believe your eyes..This house is huge, large bedrooms, enormous living room, storage in attic, perfect in-law in finished lower level, private yard, built outside pizza oven/fire pit, new boiler, new electric, newer roof, home was sanded, painted and sealed 3 years ago.
Unit Size
1,800 Ft²
Days on Market
-
Land Size
0.19 acres
Price per sqft
$149
Property Type
House
Property Taxes
$217
HOA Dues
-
Year Built
1958

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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 #72589613)

Price History

Date / Event Date Event Price
Feb 21, 2020 Sold
Premium
Sold
Nov 7, 2019 Listed by Ponte & Associates Real Estate $269,000
Listed by Ponte & Associates Real Estate
Oct 20, 2006 Sold
Premium
Sold
Apr 13, 2006 Listed by Ponte & Associates Real Estate $269,900
Listed by Ponte & Associates Real Estate

Property Highlights

Parking Available
Air Conditioning
Fireplace

Building Info

Overview

    General

  • Year Built: 1958
  • Effective Year Built: 1958
  • Building Count: 1
  • Total Rooms: 6
  • 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: 8
  • Roof Cover Type: 15
  • Floor Count: 100
  • Living Units: 1
  • Floor Cover: 0
  • Basement Type: 7
  • Basement Area: 1,300
  • Garage Type: 0
  • Parking Space Count: 0
  • Patio Type: 0
  • Porch Type: 0
  • Pool Type: 0

    Dimensions

  • Lot Size Square Feet: 8,089
  • Total Building Area: 2,470
  • Gross Building Area: 4,002
  • Building Area: 2,470
  • Building Area Measurement: L

    Heating and Cooling

  • Fireplace Count: 1
  • Air Conditioning: 0
  • Heating: 16
  • Heated Square Feet: 2,470
  • Heating Fuel Type: 3

    Utilities

  • Sewer System: 0
  • Water Service: 0

Building

  • Building Type: 0
  • Property Class: R
  • Land Acres: 0000000186
  • Standard Land Use Code: 1001
  • County Land Use Code: 101

Neighborhood

  • School District Name: Fall River School District
  • Census Tract: 641600

Zoning

  • Zoning: S

Geography

  • Parcel: FALL M:0L-07 B:0000 L:0004
  • Lot: 4
  • Municipality: FALL RIVER
  • Latitude: 41.6952
  • Longitude: -71.1291

    Address

  • Full Address: 88 Monarch St
  • Address - House Number: 88
  • Address - Street Name: Monarch
  • Address - Suffix Type: St
  • State: MA
  • City Name: Fall River
  • Carrier Code: C007
  • 4-Digit Zip Code: 3406
  • Zip Code: 02723

Valuation

    Tax

  • Tax Year: 2023
  • Tax Amount: $387,700

    Appraisal Valuation

  • Standard Deviation: 0.1951
  • Valuation Date: Jan 17, 2024
  • Confidence Score: 74
  • Final Value: 406,873
  • High Value: 486,267
  • Low Value: 327,478

    Assessments Valuation

  • Assessed Year: 2023
  • Assessed Total Value: $316,000
  • Assessed Land Value: $104,600
  • Assessed Improvements Value: $211,400

    Sales

  • Current Sale Contract Date: Dec 19, 2019
  • Current Sale Recording Date: Feb 21, 2020
  • Current Sale Price:
    Premium
  • Current Sale Document Type: O
  • Current Sale Input Document Number: 3035
  • Previous Sale Recording Date: Oct 20, 2006
  • Previous Sale Amount: $240,000
  • 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

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

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Last Updated: 4 months ago
Data Source: MLS PIN, MLS# 72589613

Frequently Asked Questions

When was property at 88 Monarch Street built and last sold?
The property at 88 Monarch Street was built in 1958 and last sold on Dec 19, 2019 for $265,000.
How much is this home worth?
The estimated value of the home located at 88 Monarch Street is $272,833.
What are some comparable homes to 88 Monarch Street?
There are currently no comparable homes to 88 Monarch Street.
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