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Fall River 02720
959 Ray St
Photo of 959 Ray St
Sold on Aug 7, 2025

42

Map

Photo of 959 Ray St
Photo of 959 Ray St
$470,000
● House - Off Market

959 Ray St

Fall River, MA 02720
bedrooms
4 Beds
bathrooms
2 Baths, 1 Half Bath
square feet
1,426 Ft²
$2,571
Est. Monthly
11.17%
Cap Rate

About This Property

Location, Location, Location. This 4 bedroom, 2 &1/2 bath Cape is set in the Highlands just blocks from Tansey School. Built in 1937 with expansion in 1986 this well built house could be the home of your dreams with a bit of updating. Vinyl siding, replacement windows and a newer roof, this house has hardwood floors under most of the carpets, built-in and lots of character as well as a 1 car garage and shed in this ample yard.
Unit Size
1,426 Ft²
Days on Market
-
Land Size
0.33 acres
Price per sqft
$316
Property Type
House
Property Taxes
$361
HOA Dues
-
Year Built
1937

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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: 2 years ago (MLSPIN #73395197)

Price History

Date / Event Date Event Price
Aug 7, 2025 Sold
Premium
Sold
Jun 30, 2025 In contract -
In contract
Jun 23, 2025 Listed $450,000
Listed

Property Highlights

Garage
Parking Available
Fireplace

Building Info

Overview

    General

  • Year Built: 1937
  • Effective Year Built: 1937
  • Building Count: 1
  • Total Rooms: 6
  • Bedroom Count: 3
  • Bathroom Count: 2
  • Full Bathrooms: 1
  • Partial Bathrooms: 2
  • Building Condition: 6
  • Building Quality: 0
  • Construction Type: 6
  • Building Style: 4
  • Exterior Walls Type: 18
  • Interior Walls Type: 0
  • Roof Shape Type: 1
  • Roof Cover Type: 15
  • Floor Count: 200
  • Living Units: 1
  • Floor Cover: 0
  • Basement Type: 7
  • Basement Area: 920
  • Garage Type: 4
  • Parking Space Count: 0
  • Patio Type: 0
  • Porch Type: 0
  • Pool Type: 0

    Dimensions

  • Lot Size Square Feet: 14,227
  • Total Building Area: 1,426
  • Gross Building Area: 3,194
  • Building Area: 1,426
  • Building Area Measurement: L

    Heating and Cooling

  • Fireplace Count: 1
  • Air Conditioning: 0
  • Heating: 16
  • Heated Square Feet: 1,426
  • Heating Fuel Type: 3

    Utilities

  • Sewer System: 0
  • Water Service: 0

Building

  • Building Type: 0
  • Property Class: R
  • Land Acres: 0000000327
  • Standard Land Use Code: 1001
  • County Land Use Code: 101

Neighborhood

  • School District Name: Fall River School District
  • Census Tract: 642300

Zoning

  • Zoning: S

Geography

  • Parcel: FALL M:0R-15 B:0000 L:0040
  • Lot: 40
  • Municipality: FALL RIVER
  • Latitude: 41.7226
  • Longitude: -71.1313

    Address

  • Full Address: 959 Ray St
  • Address - House Number: 959
  • Address - Street Name: Ray
  • Address - Suffix Type: St
  • State: MA
  • City Name: Fall River
  • Carrier Code: C019
  • 4-Digit Zip Code: 6419
  • Zip Code: 02720

Valuation

    Tax

  • Tax Year: 2023
  • Tax Amount: $412,000
  • Initial Tax Delinquent Year: 2024

    Appraisal Valuation

  • Standard Deviation: 0.1696
  • Valuation Date: Mar 13, 2024
  • Confidence Score: 78
  • Final Value: 428,704
  • High Value: 501,443
  • Low Value: 355,964

    Assessments Valuation

  • Assessed Year: 2023
  • Assessed Total Value: $335,800
  • Assessed Land Value: $123,500
  • Assessed Improvements Value: $212,300
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

Click here to view more rentals in the neighborhood.
Last Updated: 2 years ago
Data Source: MLS PIN, MLS# 73395197

Frequently Asked Questions

When was property at 959 Ray Street built and last sold?
The property at 959 Ray Street was built in 1937 and last sold on Jan 1, 1970 for $0.
How much is this home worth?
The estimated value of the home located at 959 Ray Street is $448,740.
What are some comparable homes to 959 Ray Street?
There are currently no comparable homes to 959 Ray Street.
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