NOT LISTED FOR SALE

88 Prospect St Fall River, MA 02720

Lower Highlands Neighborhood

Estimated Value: $481,478 - $675,000

6 Beds
3 Baths
4,221 Sq Ft
$132/Sq Ft Est. Value

Last Sold September 30, 2022

Last sale price $400,000 $95 Per Sq Ft

Est. 48% increase in value since last sale

Current estimated payment $3,653/month

8 Days on Market

Highlights

  • Granite Flooring
  • Fenced
  • Heating Available

About This Home

As of September 2022

Great opportunity to own this large 3 family home located on a large lot in the Fall River lower highlands. Nice size apartments with 2 large bedrooms and great living space, the third floor has the potential to be a 3-bedroom unit. This home has vinyl siding, with the first floor having forced hot air, and the second and third having hot water baseboard. Located in a desirable area on a large fenced-in lot offering privacy and some water views from the second and third floor units and off-street parking for 4+ cars. The second-floor unit is currently vacant making this a great owner-occupied or investor opportunity.

Last Agent to Sell the Property

Christopher Terry

E Z Home Search Real Estate Inc. Listed on: 07/06/2022

Last Buyer's Agent

Maria Araujo

White House Realty

Property Details

Home Type

  • Multi-Family

Est. Annual Taxes

  • $5,294

Year Built

  • Built in 1900

Lot Details

  • 9,365 Sq Ft Lot
  • Fenced

Interior Spaces

  • 4,221 Sq Ft Home
  • Granite Flooring
  • Interior Basement Entry

Bedrooms and Bathrooms

  • 6 Bedrooms
  • 3 Full Bathrooms

Parking

  • 4 Car Parking Spaces
  • Off-Street Parking

Utilities

  • Heating Available
  • Gas Water Heater

Listing and Financial Details

  • Total Actual Rent $1,200
  • Assessor Parcel Number M:0O11 B:0000 L:0048,2834122

Community Details

Overview

  • 3 Units
  • Property has 1 Level

Building Details

  • Net Operating Income $14,400

Property Details

Home Type

Multi-Family

Est. Annual Taxes

$5,294

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: Approximate
  • SUB AGENCY OFFERED: No
  • Compensation Based On: Net Sale Price
  • APOD AVAILABLE: No
  • ResoPropertyType: ResidentialIncome
  • ResoBuildingAreaSource: PublicRecords
  • Special Features: None
  • Stories: 6

Interior Features

  • Interior Amenities: Unit 1 Rooms(Living Room,Kitchen), Unit 2 Rooms(Living Room,Kitchen), Unit 3 Rooms(Living Room,Dining Room,Kitchen)
  • Fireplace YN: No
  • Appliances: Unit 1(Range,Refrigerator), Unit 2(Range,Refrigerator), Unit 3(Range,Refrigerator), Gas Water Heater
  • Total Bedrooms: 6
  • Full Bathrooms: 3
  • Total Bathrooms: 3
  • Basement: Interior Entry
  • Living Area: 4221
  • Stories Total: 6
  • MAIN LO: AC0589
  • MAIN SO: FR0005

Exterior Features

  • Fencing: Fenced/Enclosed
  • Foundation Details: Granite
  • Road Frontage Type: Public
  • Waterfront YN: No

Garage/Parking

  • Garage YN: No
  • Parking Features: Off Street
  • Total Parking Spaces: 4

Utilities

  • Sewer: Public Sewer
  • Heating: Unit 1(Forced Air), Unit 2(Hot Water Baseboard), Unit 3(Hot Water Baseboard)
  • Heating YN: Yes
  • Water Source: Public

Lot Info

  • Parcel Number: M:0O11 B:0000 L:0048,2834122
  • Zoning: A-2
  • Farm Land Area Units: Square Feet
  • Lot Size Acres: 0.21
  • Lot Size Sq Ft: 9365
  • Lot Size Units: Acres
  • ResoLotSizeUnits: Acres

Tax Info

  • Tax Year: 2022
  • Tax Annual Amount: 5294

Multi Family

  • Net Operating Income: 14400
  • Number Of Units Total: 3
  • Total Actual Rent: 1200
  • 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
Jul 6, 2022
Closed on
Sep 30, 2022
Sold by
Medeiros Joseph
Bought by
Homes Innova Llc
Seller's Agent
Christopher Terry
E Z Home Search Real Estate Inc.
Buyer's Agent
Maria Araujo
White House Realty
List Price
$399,900
Sold Price
$400,000
Premium/Discount to List
$100
0.03%
Current Estimated Value
$591,513

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$191,513
Avg. Annual Appreciation
10.63%
Original Mortgage
$345,100
Outstanding Balance
$328,911
Interest Rate
5.13%
Mortgage Type
Purchase Money Mortgage
Estimated Equity
$228,709
Source: Public Records

Range of Values:

--
Value Increase
--
Percent Increase
--
Adjusted for Inflation
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Average Value
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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
Homes Innova Llc $400,000 None Available
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Open Homes Innova Llc $345,100
Source: Public Records

Property History

Date Event Price List to Sale Price per Sq Ft
09/30/2022 09/30/22 Sold $400,000 0.0% $95 / Sq Ft
07/15/2022 07/15/22 Pending -- -- --
07/06/2022 07/06/22 For Sale $399,900 -- $95 / 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 $6,720 $586,900 $119,700 $467,200
2024 $6,449 $561,300 $117,400 $443,900
2023 $5,991 $488,300 $105,800 $382,500
2022 $5,294 $419,500 $99,800 $319,700
2021 $4,818 $348,400 $95,300 $253,100
2020 $4,284 $296,500 $91,000 $205,500
2019 $3,751 $257,300 $95,100 $162,200
2018 $3,436 $235,000 $95,800 $139,200
2017 $3,290 $235,000 $95,800 $139,200
2016 $3,192 $234,200 $98,700 $135,500
2015 $3,063 $234,200 $98,700 $135,500
2014 $3,117 $247,800 $98,700 $149,100
Source: Public Records

Agents Affiliated with this Home

  • Christopher Terry

    Seller's Agent in 2022

    Christopher Terry

    E Z Home Search Real Estate Inc.

    (774) 930-4595

    1 in this area

    69 Total Sales

    Christopher Terry
    Section Image

  • M

    Buyer's Agent in 2022

    Maria Araujo

    White House Realty

    Section Image
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Map

Source: MLS Property Information Network (MLS PIN)

MLS Number: 73007868

MLS Property Information Network (MLS PIN)

APN: FALL-000011O-000000-000048

Massachusetts Bristol County Fall River 02720 Lower Highlands

88 Prospect St, Fall River, MA

Not Listed for Sale

MultiFamily

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