Seller's Agent in 2017
Gen Pappas
Lamacchia Realty, Inc.
(508) 951-0637
65 Total Sales
502 S Main St Fall River, MA 02721
Corky Row NeighborhoodEstimated Value: $526,076
7
Beds
7
Baths
4,783
Sq Ft
$110/Sq Ft
Est. Value
About This Home
As of January 2017Multi-use property situated on corner lot in central business district. Two store fronts & 5 fully rented apartments. Very well maintained with newer roof, updated electric & good sized apartments in great condition. Off street parking for 3 vehicles, and location is very convenient for tenants & provides ample exposure for any business situated in the storefronts . Excellent return on investment with net income at approximately $26,000/year.
Property Details
Home Type
Multi-Family
Est. Annual Taxes
$6,725
Year Built
1914
Lot Details
0
Listing Details
- Lot Description: Corner, Paved Drive
- Property Type: Multi-family
- Lead Paint: Unknown
- Insc: 3000
- Special Features: None
- Property Sub Type: MultiFamily
- Year Built: 1914
Interior Features
- Has Basement: Yes
- Number of Rooms: 17
- Amenities: Public Transportation, Shopping, Park, Walk/Jog Trails, Medical Facility, Laundromat, Highway Access, House of Worship, Private School, Public School
- Electric: 100 Amps, Individually Metered
- Flooring: Vinyl, Hardwood
- Basement: Full, Interior Access, Concrete Floor
- Total Levels: 5
Exterior Features
- Roof: Asphalt/Fiberglass Shingles
- Construction: Frame
- Exterior: Vinyl
- Exterior Features: Gutters, Screens
- Foundation: Other (See Remarks)
Garage/Parking
- Parking: Off-Street, Paved Driveway
- Parking Spaces: 3
Utilities
- Heat Zones: 7
- Hot Water: Natural Gas
- Utility Connections: for Gas Range
- Sewer: City/Town Sewer
- Water: City/Town Water
- Electric: 1592
Condo/Co-op/Association
- Total Units: 7
Lot Info
- Assessor Parcel Number: M:0I-08 B:0000 L:0049
- Zoning: CBD
Multi Family
- APOD Available: Yes
- Appliances Common: Washer, Dryer
- Cooling Units: 2
- Expenses Year End: 12/14
- Foundation: IRR
- Heat Units: 7
- Total Bedrooms: 7
- Total Floors: 9
- Total Full Baths: 5
- Total Half Baths: 2
- Total Levels: 3
- Total Rms: 15
- Total Rent_1: 3855
Ownership History
Date
Name
Owned For
Owner Type
Purchase Details
Listed on
Aug 8, 2015
Closed on
Jan 19, 2017
Sold by
Blt Rt and Llewellyn
Bought by
Elle Kai Llc
Seller's Agent
Gen Pappas
Lamacchia Realty, Inc.
Buyer's Agent
Matthew Straight
Coldwell Banker Realty - Leominster
List Price
$329,000
Sold Price
$279,000
Premium/Discount to List
-$50,000
-15.2%
Current Estimated Value
Home Financials for this Owner
Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$247,076
Avg. Annual Appreciation
7.41%
Original Mortgage
$209,250
Outstanding Balance
$172,069
Interest Rate
4.13%
Mortgage Type
Commercial
Estimated Equity
$354,007
Purchase Details
Closed on
Jul 24, 2003
Sold by
Llewellyn Barbara and Llewellyn Timothy C
Bought by
Blt Rt
Purchase Details
Closed on
Apr 25, 2003
Sold by
502 S Main St Rt
Bought by
Llewellyn Barbara and Llewellyn Timothy
Home Financials for this Owner
Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$130,588
Interest Rate
5.64%
Mortgage Type
Commercial
Purchase Details
Closed on
Aug 5, 1996
Sold by
Sun Shine Realty Co
Bought by
Hall Joseph
Create a Home Valuation Report for This Property
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Home Values in the Area
Average Home Value in this Area
Purchase History
| Date | Buyer | Sale Price | Title Company |
|---|---|---|---|
| Elle Kai Llc | $279,000 | -- | |
| Elle Kai Llc | $279,000 | -- | |
| Elle Kai Llc | $279,000 | -- | |
| Blt Rt | -- | -- | |
| Blt Rt | -- | -- | |
| Llewellyn Barbara | $293,000 | -- | |
| Llewellyn Barbara | $293,000 | -- | |
| Hall Joseph | $70,000 | -- | |
| Hall Joseph | $70,000 | -- |
Source: Public Records
Mortgage History
| Date | Status | Borrower | Loan Amount |
|---|---|---|---|
| Open | Elle Kai Llc | $209,250 | |
| Closed | Elle Kai Llc | $209,250 | |
| Previous Owner | Hall Joseph | $130,588 |
Source: Public Records
Property History
| Date | Event | Price | List to Sale | Price per Sq Ft |
|---|---|---|---|---|
| 01/19/2017 01/19/17 | Sold | $279,000 | -6.7% | $58 / Sq Ft |
| 11/10/2016 11/10/16 | Pending | -- | -- | -- |
| 03/08/2016 03/08/16 | Price Changed | $299,000 | -9.1% | $63 / Sq Ft |
| 08/08/2015 08/08/15 | For Sale | $329,000 | -- | $69 / 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 | $6,725 | $656,200 | $106,600 | $549,600 |
| 2024 | $6,725 | $585,300 | $102,700 | $482,600 |
| 2023 | $0 | $490,100 | $84,800 | $405,300 |
| 2022 | $5,250 | $416,000 | $80,800 | $335,200 |
| 2021 | $0 | $345,600 | $76,900 | $268,700 |
| 2020 | $0 | $285,400 | $75,700 | $209,700 |
| 2019 | $0 | $258,200 | $72,900 | $185,300 |
| 2018 | $0 | $245,100 | $79,000 | $166,100 |
| 2017 | $0 | $241,400 | $75,300 | $166,100 |
| 2016 | -- | $219,500 | $80,100 | $139,400 |
| 2015 | -- | $219,500 | $80,100 | $139,400 |
| 2014 | -- | $227,900 | $77,700 | $150,200 |
Source: Public Records
Agents Affiliated with this Home
-
Gen Pappas
-
Matthew Straight
Buyer's Agent in 2017
Matthew Straight
Coldwell Banker Realty - Leominster
(978) 799-3560
158 Total Sales
Map
Source: MLS Property Information Network (MLS PIN)
MLS Number: 71886471
APN: FALL-000008I-000000-000049
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