2 months on rocket

289 Bank St, Fall River, MA, 02720

$435,000

Home List Price

$5,166*

Closing Credit

0 Baths
4,829 SqFt
$90/SqFt
Multi
Schools Nearby

Location

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289 Bank St, Fall River$435,000

Buyer Closing Credits

$5,166*

1.25% Loan Amount

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Property Highlights

Home TypeMulti Family
ParkingOther
Year Built1920
MLS #73201042
Lot Size0.18 Acres
StatusActive

About 289 Bank St

Welcome to 289 Bank Street! This expansive mixed-use property, strategically positioned at the corner of Bank St and High St in Historic downtown Fall River, presents a compelling investment opportunity. Having undergone a comprehensive exterior rehabilitation, the property boasts new vinyl siding, windows, roof, and exquisite stone work. The second and third floors feature sliders leading to walkout areas, offering the possibility of creating scenic decks with captivating views of downtown Fall River. Ideally suited for professional offices or up to 8 residential units, the versatile layout accommodates various potential uses. Totaling 4,800 sqft, this property beckons with unlimited potential. Seize the chance to be part of Fall River's flourishing growth. The location, coupled with the recent enhancements, positions this property as an excellent prospect for astute investors. Additionally, the seller owns nearby properties, allowing for consideration of a lucrative package deal.

Property Details

Property Features

Property Information:

  • Year Built: 1920
  • Living Area: 4,829 SqFt

Listing Office:

  • Office Name: revolv Real Estate
  • Listing Agent: Melissa Carvalho

Exterior Features

Exterior Information:

  • Exterior: Stone Wall

Parking Information:

  • Parking: Other

Lot Features

Lot Information:

  • Lot: Corner Lot
  • Lot Size: 0.18 Acres

School Info

Assigned Schools Information:

  • B M C Durfee High School, Public District Grades 9-12
  • Morton Middle School, Public District Grades 6-8
  • Mary Fonseca Elementary School, Public District Grades KG-5

Other

Directions Information:

  • Directions: Corner of Bank St and High St

Price Information

Listing Price Info

Price Summary:

  • List Price: $435,000
  • Price Per SqFt: $90/SqFt

Tax Information:

  • Annual Amount: $4,683
  • Tax Year: 2021
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Housing Market Comparison

See how this home compares to others in Fall River, MA.

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Fall River, MA

City

Med. Sold Price

$435.8K

Med. Price/SqFt

$217

Avg. Days On Market

31

# of Sold Homes

40

289 Bank St vs Fall River

79 DAYS ON ROCKET

+48 Days

$435,000

-$835 Less

$90/SqFt

-$127 Less

KEY TAKEAWAY

This property is $835 less than the Median Sold Price and $127/SqFt less than other homes in Fall River, MA.

Based on homes sold in the last 12 months

MLS Details

MLS Information:

  • MLS Name: MLS Property Information Network
  • MLS Number: #73201042

Listing Office:

  • Office Name: revolv Real Estate
  • Listing Agent: Melissa Carvalho

IDX Disclaimer: The property listing data and information set forth herein were provided to MLS Property Information Network, Inc. from third party sources, including sellers, lessors and public records, and were compiled by MLS Property Information Network, Inc. The property listing data and information are for the personal, non commercial use of consumers having a good faith interest in purchasing or leasing listed properties of the type displayed to them and may not be used for any purpose other than to identify prospective properties which such consumers may have a good faith interest in purchasing or leasing. MLS Property Information Network, Inc. and its subscribers disclaim any and all representations and warranties as to the accuracy of the property listing data and information set forth herein. We may make use of information provided by users of this website - see our Terms of Use for more details on our privacy policy.
Data displayed may be a portion of, and not a complete set of all listings published in the MLS.

Note: Any Compensation information or listing brokers offer of compensation displayed is only applicable to other member participants of the source MLS.

Last updated on: 4/28/2024, 9:25:14 AM Eastern. If you have any questions regarding the accuracy of this data, please contact us at help@rockethomes.com.

Property Sales & Tax

Tax History

YEARPROP. TAXASSESSMENT
2021$4,683$338,600
2020$4,036$279,300
2019$3,680$252,400
2018$3,442$235,400
2017$3,318$237,000

History based on county public records data.

Payment Calculator

$2,239

Per Month

Recommended Financing

30-Year Fixed

Rate/APR

7.5% / 6.68%

Total Monthly Payment

$1,371

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Schools

Schools Nearby

The school rating is a score out of 10, where 10 is the highest and 1 is the lowest. Assigned schools have a bold outline.

Elementary School

school-card-donut-2119646
2
/10

  • Mary Fonseca Elementary School

  • 160 N Wall St

  • 0.72 miles

  • Public District Grades KG-5

Middle School

school-card-donut-2119647
3
/10

  • Morton Middle School

  • 1135 N Main St

  • 0.99 miles

  • Public District Grades 6-8

High School

school-card-donut-2119648
2
/10

  • B M C Durfee High School

  • 360 Elsbree St

  • 1.41 miles

  • Public District Grades 9-12

All data from GreatSchools

Neighborhood

What Are The Neighbors Like?

The neighbors living near this home have an average income of $12,412. Typical income of Fall River, MA residents is less than $35k annually. Residents typically live in single, no kids family. The majority of residents in this area have high school diploma education.

All data provided by Home Junction and Claritas

Rocket Homes›Massachusetts›Bristol County›Fall River›02720›289 Bank St

This home is located at 289 Bank St in Fall River, MA and zip code 02720. This 4,829 square foot home, which was built in 1920, sits on a 0.18 acre lot. It has been listed on Rocket Homes since February 09, 2024 and is currently priced at $435,000.

In March 2024 more than 26 listings in Fall River, MA were sold above the asking price. During the same period more than 2 listings were sold at asking price, while more than 12 were sold below. Between February 2024 and March 2024, Fall River, MA real estate market has seen increase in the number of listings by 4.9%. The median list price of listings available in March 2024 was $435,835, while the average time on the real estate market was 31 days.

From Rocket Homes Real Estate and based on county public records data.

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