NOT LISTED FOR SALE

886 Cherry St Fall River, MA 02720

Oak Grove Village Neighborhood

Estimated Value: $482,495 - $646,000

7 Beds
3 Baths
4,104 Sq Ft
$140/Sq Ft Est. Value

Last Sold October 06, 2021

Last sale price $395,000 $96 Per Sq Ft

Est. 45% increase in value since last sale

Current estimated payment $3,450/month

8 Days on Market

About This Home

As of October 2021

Fantastic investment opportunity! This well maintained 3-Family property is priced to sell. All tenants are Tenants at Will and willing to stay. 1st floor is empty and ready for owner occupied if desired. Utilities are all separate for each unit. 1st and 2nd floor are 2 bed and 3rd floor is a 3 bed. All units are hardwood through out with some carpeting and walls newly painted. Kitchen in 1st & 2nd floors have been updated. This is a must see. Open house Sunday 7/25 11:30-1. Call listing agent for individual appointments today before it is gone.

Last Agent to Sell the Property

Dawn Langton

Cedar Ridge Custom Homes & Rlty Listed on: 07/21/2021

Last Buyer's Agent

Sonia Connolly

Tesla Realty Group LLC

Tesla Realty Group LLC

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: Gross/Full Sale Price
  • APOD AVAILABLE: No
  • Directions: GPS
  • Garage Yn: No
  • Year Built Details: Actual
  • Special Features: None
  • Year Built: 1900

Interior Features

  • Appliances: Unit 1(Range,Refrigerator), Unit 2(Range,Refrigerator), Unit 3(Range,Refrigerator), Gas Water Heater,Leased Heater
  • MAIN LO: NB2229
  • MAIN SO: AN5038
  • Full Bathrooms: 3
  • Total Bedrooms: 7
  • Fireplace: No
  • Flooring: Vinyl,Hardwood, Unit 1(undefined), Unit 2(Hardwood Floors), Unit 3(Hardwood Floors)
  • Interior Amenities: Unit 1 Rooms(Living Room,Dining Room,Kitchen), Unit 2 Rooms(Living Room,Dining Room,Kitchen), Unit 3 Rooms(Living Room,Dining Room,Kitchen)
  • Stories: 6

Exterior Features

  • Roof: Shingle
  • Exterior Features: Unit 1 Balcony/Deck, Unit 2 Balcony/Deck, Unit 3 Balcony/Deck
  • Foundation Details: Granite
  • Fencing: Fenced/Enclosed
  • Patio And Porch Features: Porch
  • Waterfront: No

Utilities

  • HEAT UNITS: 2
  • Electric: 100 Amp Service
  • Sewer: Public Sewer
  • Water Source: Public

Lot Info

  • LOT SIZE: 2422
  • Farm Land Area Units: Square Feet
  • Lot Size Sq Ft: 2613.6
  • Zoning: M

Multi Family

  • LEASE 3: N
  • LEASE 2: N
  • LEASE 1: N
  • FLRS 3: 3
  • Annual Gross Income: 22800
  • Property Net Operating Income: 22800
  • Number Of Units Total: 3
  • Total Actual Rent: 2850

Tax Info

  • Tax Annual Amount: 3697
  • Tax Book Number: 7710
  • Tax Year: 2021

Ownership History

Date Name Owned For Owner Type

Purchase Details

Closed on
Jul 7, 2011
Sold by
Medeiros John P and Soares Patricia A
Bought by
Correa Gary L
Current Estimated Value
$574,374

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$138,750
Outstanding Balance
$95,860
Interest Rate
4.6%
Mortgage Type
Purchase Money Mortgage
Estimated Equity
$478,514
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
Correa Gary L $185,000 --
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Open Correa Gary L $138,750
Source: Public Records

Property History

Date Event Price List to Sale Price per Sq Ft
10/06/2021 10/06/21 Sold $395,000 -8.6% $96 / Sq Ft
07/29/2021 07/29/21 Pending -- -- --
07/21/2021 07/21/21 For Sale $432,000 -- $105 / 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 $5,362 $468,300 $122,200 $346,100
2024 $5,131 $446,600 $117,600 $329,000
2023 $4,566 $372,100 $100,800 $271,300
2022 $3,917 $310,400 $91,600 $218,800
2021 $3,697 $267,300 $84,800 $182,500
2020 $3,326 $230,200 $81,200 $149,000
2019 $2,852 $195,600 $77,300 $118,300
2018 $2,662 $182,100 $75,900 $106,200
2017 $2,570 $183,600 $77,400 $106,200
2016 $2,509 $184,100 $80,600 $103,500
2015 $2,369 $181,100 $77,600 $103,500
2014 $2,454 $195,100 $81,700 $113,400
Source: Public Records

Agents Affiliated with this Home

  • D

    Seller's Agent in 2021

    Dawn Langton

    Cedar Ridge Custom Homes & Rlty

    (508) 326-8842

    1 in this area

    8 Total Sales

    Dawn Langton
    Section Image
  • Sonia Connolly

    Buyer's Agent in 2021

    Sonia Connolly

    Tesla Realty Group LLC

    (508) 863-2010

    1 in this area

    30 Total Sales

    Sonia Connolly
    Section Image
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Map

Source: MLS Property Information Network (MLS PIN)

MLS Number: 72869354

MLS Property Information Network (MLS PIN)

APN: FALL-000008M-000000-000070

Massachusetts Bristol County Fall River 02720 Oak Grove Village

886 Cherry St, Fall River, MA

Not Listed for Sale

MultiFamily

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