NOT LISTED FOR SALE

227 Brightman St Fall River, MA 02720

Western Fall River Neighborhood

Estimated Value: $505,000 - $851,000

9 Beds
3 Baths
2,453 Sq Ft
$279/Sq Ft Est. Value

Last Sold May 12, 2023

Last sale price $370,000 $151 Per Sq Ft

Est. 85% increase in value since last sale

Current estimated payment $3,962/month

31 Days on Market

About This Home

As of May 2023

Investors or owner occupied, here is a great three family investment property, located in the northern lower highlands area of the city. All units have two bedrooms and a full bath and Parlor. All units are currently occupied with all separate utilities. Vinyl siding, full basement and a small yard.

Last Agent to Sell the Property

Alchemist Real Estate Group

eXp Realty Listed on: 01/27/2023

eXp Realty

Co-Listed By

Gualter Amarelo

Red Square Real Estate LLC

Last Buyer's Agent

Zachary Conley

NextGen Realty, Inc.

Property Details

Home Type

  • Multi-Family

Est. Annual Taxes

  • $3,507

Year Built

  • Built in 1900

Lot Details

  • 3,093 Sq Ft Lot

Interior Spaces

  • 2,453 Sq Ft Home
  • Granite Flooring

Bedrooms and Bathrooms

  • 9 Bedrooms
  • 3 Full Bathrooms

Listing and Financial Details

  • Total Actual Rent $2,175
  • Assessor Parcel Number M:0S15 B:0000 L:0040,2837002

Community Details

Overview

  • 3 Units
  • Property has 1 Level

Recreation

  • Park

Building Details

  • Net Operating Income $26,100

Property Details

Home Type

Multi-Family

Est. Annual Taxes

$3,507

Year Built

Built in 1900

Lot Details

0

Listing Details

  • Property Type: Residential Income
  • Property Sub Type: 3 Family
  • Year Built: 1900
  • Year Built Details: Actual
  • SUB AGENCY OFFERED: No
  • Compensation Based On: Gross/Full Sale Price
  • APOD AVAILABLE: No
  • ResoPropertyType: ResidentialIncome
  • ResoBuildingAreaSource: PublicRecords
  • Special Features: None
  • Stories: 6

Interior Features

  • Fireplace YN: No
  • Total Bedrooms: 9
  • Full Bathrooms: 3
  • Total Bathrooms: 3
  • Living Area: 2453
  • Stories Total: 6
  • MAIN LO: AC0342
  • MAIN SO: BB9279

Exterior Features

  • Foundation Details: Granite
  • Home Warranty YN: No
  • Waterfront YN: No

Garage/Parking

  • Garage YN: No

Utilities

  • Sewer: Public Sewer
  • Water Source: Public

Condo/Co-op/Association

  • Community Features: Park, Highway Access
  • Senior Community YN: No

Lot Info

  • Parcel Number: M:0S15 B:0000 L:0040,2837002
  • Zoning: B-L
  • Farm Land Area Units: Square Feet
  • Lot Features: Easements
  • Lot Size Acres: 0.07
  • Lot Size Sq Ft: 3093
  • Lot Size Units: Acres
  • ResoLotSizeUnits: Acres

Tax Info

  • Tax Year: 2022
  • Tax Annual Amount: 3507

Multi Family

  • Net Operating Income: 26100
  • Number Of Units Total: 3
  • Total Actual Rent: 2175
  • LEVELS 1: 1
  • Basement Included Sq Ft: No
  • LEVELS 3: 1
  • LEASE 3: N
  • LEASE 2: N
  • LEASE 1: N
  • FLRS 3: 3

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
Jan 27, 2023
Closed on
May 11, 2023
Sold by
Back In The Game Llc
Bought by
Kinet Real Estate Llc
Seller's Agent
Alchemist Real Estate Group
eXp Realty
Buyer's Agent
Zachary Conley
NextGen Realty, Inc.
List Price
$439,900
Sold Price
$370,000
Premium/Discount to List
-$69,900
-15.89%
Views
430
Current Estimated Value
$683,611

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$313,611
Avg. Annual Appreciation
26.40%
Original Mortgage
$600,000
Outstanding Balance
$581,798
Interest Rate
6.32%
Mortgage Type
Purchase Money Mortgage
Estimated Equity
$101,813

Purchase Details

Closed on
Nov 24, 2020
Sold by
South Coast Cap Invs Llc
Bought by
Back In The Game Llc

Purchase Details

Closed on
Feb 15, 2005
Sold by
Rapoza Joseph C and Medeiros Kelli A
Bought by
Medeiros Kelli A

Purchase Details

Closed on
Apr 23, 2003
Sold by
Afonso Manuel M Est and Macek
Bought by
Rapoza Joseph C and Medeiros Kelli A
Source: Public Records

Range of Values:

--
Value Increase
--
Percent Increase
--
Adjusted for Inflation
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Average Value
Not Available
List Price
Sold Price
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Home Values in the Area

Source: Public Records

Average Home Value in this Area

Source: Public Records

Purchase History

Date Buyer Sale Price Title Company
Kinet Real Estate Llc $750,000 None Available
Back In The Game Llc -- None Available
Medeiros Kelli A -- --
Rapoza Joseph C -- --
Rapoza Joseph C $300,000 --
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Open Kinet Real Estate Llc $600,000
Source: Public Records

Property History

Date Event Price List to Sale Price per Sq Ft Prior Sale
05/12/2023 05/12/23 Sold $370,000 -15.9% $151 / Sq Ft
02/28/2023 02/28/23 Pending -- -- --
01/27/2023 01/27/23 For Sale $439,900 +120.0% $179 / Sq Ft
01/21/2020 01/21/20 Sold $200,000 -20.0% $82 / Sq Ft View Prior Sale
12/20/2019 12/20/19 Pending -- -- --
11/24/2019 11/24/19 For Sale $249,900 -- $102 / Sq Ft
Source: MLS Property Information Network (MLS PIN)

Tax History Compared to Growth

Source: Public Records

Tax History

Year Tax Paid Tax Assessment Tax Assessment Total Assessment is a certain percentage of the fair market value that is determined by local assessors to be the total taxable value of land and additions on the property. Land Improvement
2025 $4,688 $409,400 $105,500 $303,900
2024 $4,494 $391,100 $101,700 $289,400
2023 $3,918 $319,300 $84,000 $235,300
2022 $3,507 $277,900 $80,000 $197,900
2021 $3,341 $241,600 $76,100 $165,500
2020 $3,043 $210,600 $75,000 $135,600
2019 $2,633 $180,600 $72,200 $108,400
2018 $2,629 $179,800 $78,200 $101,600
2017 $2,465 $176,100 $74,500 $101,600
2016 $2,432 $178,400 $79,300 $99,100
2015 $2,333 $178,400 $79,300 $99,100
2014 $2,332 $185,400 $77,000 $108,400
Source: Public Records

Agents Affiliated with this Home

  • Gualter Amarelo

    Seller Co-Listing Agent in 2023

    Gualter Amarelo

    Red Square Real Estate LLC

    (774) 526-4796

    3 in this area

    13 Total Sales

    Gualter Amarelo
    Section Image

  • Z

    Buyer's Agent in 2023

    Zachary Conley

    NextGen Realty, Inc.

    (617) 982-8607

    2 in this area

    31 Total Sales

    Zachary Conley
    Section Image
  • Rita Goodrow

    Seller's Agent in 2020

    Rita Goodrow

    Goodrow Realty Group

    (508) 415-0624

    4 in this area

    36 Total Sales

    Rita Goodrow
    Section Image
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Map

Source: MLS Property Information Network (MLS PIN)

MLS Number: 73074187

MLS Property Information Network (MLS PIN)

APN: FALL-000015S-000000-000040

Massachusetts Bristol County Fall River 02720 Western Fall River

227 Brightman St, Fall River, MA

Not Listed for Sale

MultiFamily

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