251 Bank St Fall River, MA 02720
Lower Highlands NeighborhoodEstimated Value: $658,734
6
Beds
5
Baths
5,421
Sq Ft
$122/Sq Ft
Est. Value
Highlights
- Medical Services
- Corner Lot
- Coin Laundry
- Property is near public transit
- Shops
- Carpet
About This Home
As of November 2023Investors take notice. Check out this mixed use property located downtown, walking distance to many city amenities and minutes from the new commuter rail. Main level was formerly operating as legal offices and offers 2 private offices, conference room, reception area, waiting are, kitchen, bath plus central air. On the second level you can find 1 studio apartment, (2) 1 bedroom apartments (one currently rented). The attic is a walk up, previously used as storage but can be finished and used for additional office space. On the Rock Street side of the building you will find 2 storefronts, office space and a bath. Off street parking for approx 6 cars. So many options for this property.
Property Details
Home Type
- Multi-Family
Est. Annual Taxes
- $7,942
Year Built
- Built in 1836
Lot Details
- 4,591 Sq Ft Lot
- Corner Lot
Home Design
- 5,421 Sq Ft Home
- Stone Foundation
- Shingle Roof
Flooring
- Carpet
- Laminate
Bedrooms and Bathrooms
- 6 Bedrooms
- 5 Full Bathrooms
Partially Finished Basement
- Walk-Out Basement
- Basement Fills Entire Space Under The House
Parking
- 4 Car Parking Spaces
- Driveway
- Open Parking
- Off-Street Parking
Location
- Property is near public transit
- Property is near schools
Utilities
- Natural Gas Connected
Listing and Financial Details
- Total Actual Rent $650
- Assessor Parcel Number M:0N04 B:0000 L:0026,2833156
Community Details
Overview
- 4 Units
- Property has 1 Level
Amenities
- Medical Services
- Shops
- Coin Laundry
Building Details
- Net Operating Income $7,800
Ownership History
Date
Name
Owned For
Owner Type
Purchase Details
Closed on
Apr 19, 2013
Sold by
Gamache Roger
Bought by
Quintal Daniel
Current Estimated Value
Purchase Details
Closed on
Feb 14, 2002
Sold by
Corey Betsy M
Bought by
251 Bank Street Llc
Home Financials for this Owner
Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$157,500
Interest Rate
7.14%
Mortgage Type
Commercial
Similar Homes in Fall River, MA
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Home Values in the Area
Average Home Value in this Area
Purchase History
| Date | Buyer | Sale Price | Title Company |
|---|---|---|---|
| Quintal Daniel | -- | -- | |
| Quintal Daniel | -- | -- | |
| 251 Bank Street Llc | $210,000 | -- | |
| 251 Bank Street Llc | $210,000 | -- |
Source: Public Records
Mortgage History
| Date | Status | Borrower | Loan Amount |
|---|---|---|---|
| Previous Owner | Corey Betsy M | $124,034 | |
| Previous Owner | Corey Betsy M | $157,500 | |
| Previous Owner | Corey Betsy M | $30,000 |
Source: Public Records
Property History
| Date | Event | Price | Change | Sq Ft Price |
|---|---|---|---|---|
| 11/28/2023 11/28/23 | Sold | $407,500 | -14.2% | $75 / Sq Ft |
| 11/09/2023 11/09/23 | Price Changed | $475,000 | -5.0% | $88 / Sq Ft |
| 09/18/2023 09/18/23 | For Sale | $499,900 | -- | $92 / Sq Ft |
Source: MLS Property Information Network (MLS PIN)
Tax History Compared to Growth
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 | $8,906 | $407,900 | $115,600 | $292,300 |
| 2024 | $8,906 | $372,000 | $110,000 | $262,000 |
| 2023 | $0 | $308,300 | $99,900 | $208,400 |
| 2022 | $8,333 | $308,300 | $99,900 | $208,400 |
| 2021 | $0 | $306,900 | $98,500 | $208,400 |
| 2020 | $0 | $306,600 | $103,000 | $203,600 |
| 2019 | $0 | $271,800 | $103,000 | $168,800 |
| 2018 | $0 | $269,900 | $103,000 | $166,900 |
| 2017 | $0 | $269,900 | $103,000 | $166,900 |
| 2016 | -- | $269,900 | $103,000 | $166,900 |
| 2015 | $6,893 | $269,900 | $103,000 | $166,900 |
| 2014 | $6,893 | $269,900 | $103,000 | $166,900 |
Source: Public Records
Agents Affiliated with this Home
-
Cindy Ferry
Seller's Agent in 2023
Cindy Ferry
Keller Williams South Watuppa
2 in this area
114 Total Sales
-
Scott Aceto
Buyer's Agent in 2023
Scott Aceto
Smith and Oak Real Estate Co.
(401) 464-2617
1 in this area
37 Total Sales
Map
Source: MLS Property Information Network (MLS PIN)
MLS Number: 73160414
APN: FALL-000004N-000000-000026
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