NOT LISTED FOR SALE

Estimated Value: $463,000 - $655,000

7 Beds
2 Baths
3,553 Sq Ft
$149/Sq Ft Est. Value

Last Sold December 02, 2021

Last sale price $320,000 $90 Per Sq Ft

Est. 89% increase in value since last sale

Current estimated payment $3,654/month

3 Days on Market

About This Home

As of December 2021

Amazing opportunity to invest in this Victorian multi-family home in the desirable Lower Highlands neighborhood of Fall River. With over 3500 square feet of space spread out over 3 spacious floors, this home has endless potential with the possibility of a third unit and solid rental income to be generated. The first unit features a double parlor with large windows, pocket doors, 2 bedrooms, dining area and a kitchen with an oversized pantry. The second unit, which currently occupies the second and third floor offers the same layout, with a spiral staircase leading up to the third floor. This third floor offers 3 additional bedrooms as well as multiple partially finished rooms that are waiting for the new owner to bring them to their full potential. The basement has washer/dryer hook ups and separate utilities for each unit. Additional features include off street parking. Perfect opportunity for contractors, investors or those with a rehab loan. Group showing Mon 9/13 @ 3:30 pm.

Last Agent to Sell the Property

Julie Ruggiero

New Road Realty Listed on: 09/07/2021

Last Buyer's Agent

Kory Blythe Silva

Keller Williams Coastal

Keller Williams Coastal

Property Details

Home Type

  • Multi-Family

Year Built

  • 1900

Lot Details

  • 4,356

Interior Spaces

  • Property has 1 Level

Property Details

Home Type

Multi-Family

Year Built

1900

Lot Details

0

Listing Details

  • Property Type: Residential Income
  • Property Sub Type: Multi Family
  • SUB AGENCY OFFERED: No
  • Compensation Based On: Net Sale Price
  • APOD AVAILABLE: No
  • Directions: Please Use GPS
  • Garage Yn: No
  • Year Built Details: Actual
  • Special Features: None
  • Year Built: 1900

Interior Features

  • Appliances: Gas Water Heater
  • Has Basement: Full, Unfinished
  • MAIN LO: AN6458
  • MAIN SO: BB9714
  • Full Bathrooms: 2
  • Total Bedrooms: 7
  • Fireplace: Yes
  • Fireplaces: 1
  • Stories: 3

Exterior Features

  • Foundation Details: Concrete Perimeter
  • Construction Type: Frame
  • Disclosures: Subject To Obtaining License To Sell From Massachusetts Probate Court. Will Not Pass Certain Types Of Financing.
  • Waterfront: No

Garage/Parking

  • Parking Features: Paved Drive
  • Open Parking: Yes
  • Total Parking Spaces: 2

Utilities

  • Electric: 100 Amp Service
  • Sewer: Public Sewer
  • Water Source: Public

Lot Info

  • LOT SIZE: 4491
  • Farm Land Area Units: Square Feet
  • Lot Size Sq Ft: 4356
  • Zoning: A-2

Multi Family

  • LEVELS 1: 1
  • LEASE 2: N
  • LEASE 1: N
  • Number Of Units Total: 2

Tax Info

  • Tax Annual Amount: 4211
  • Tax Book Number: 2208
  • Tax Year: 2021

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
Sep 7, 2021
Closed on
Dec 2, 2021
Sold by
Mcmillan R Est
Bought by
Burns Amber and Howard Sakai
Seller's Agent
Julie Ruggiero
New Road Realty
Buyer's Agent
Kory Blythe Silva
Keller Williams Coastal
List Price
$359,000
Sold Price
$320,000
Premium/Discount to List
-$39,000
-10.86%
Current Estimated Value
$605,283

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$285,283
Avg. Annual Appreciation
13.06%
Original Mortgage
$441,897
Outstanding Balance
$403,799
Interest Rate
3.09%
Mortgage Type
FHA
Estimated Equity
$126,124

Purchase Details

Closed on
Mar 27, 1990
Sold by
Machado James M
Bought by
Mcmillan Robert

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$79,200
Interest Rate
10.15%
Mortgage Type
Purchase Money Mortgage
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
Burns Amber $320,000 None Available
Mcmillan Robert $99,000 --
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Open Burns Amber $441,897
Previous Owner Mcmillan Robert $83,750
Previous Owner Mcmillan Robert $90,000
Previous Owner Mcmillan Robert $88,000
Previous Owner Mcmillan Robert $79,200
Source: Public Records

Property History

Date Event Price List to Sale Price per Sq Ft
12/02/2021 12/02/21 Sold $320,000 -10.9% $90 / Sq Ft
09/11/2021 09/11/21 Pending -- -- --
09/07/2021 09/07/21 For Sale $359,000 -- $101 / 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 $5,870 $512,700 $124,500 $388,200
2024 $5,343 $465,000 $119,800 $345,200
2023 $5,104 $416,000 $102,700 $313,300
2022 $4,647 $368,200 $93,400 $274,800
2021 $4,211 $304,500 $86,400 $218,100
2020 $3,695 $255,700 $82,700 $173,000
2019 $3,046 $238,100 $78,700 $159,400
2018 $3,269 $223,600 $77,300 $146,300
2017 $3,032 $216,600 $78,900 $137,700
2016 $2,945 $216,100 $82,100 $134,000
2015 $2,787 $213,100 $79,100 $134,000
2014 $2,893 $230,000 $83,200 $146,800
Source: Public Records

Agents Affiliated with this Home

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Map

Source: MLS Property Information Network (MLS PIN)

MLS Number: 72890663

MLS Property Information Network (MLS PIN)

APN: FALL-000009O-000000-000058