188 Palmer Street # F, Fall River MA 02724 - Preview 1 188 Palmer Street # F, Fall River MA 02724 - Preview 2

188 Palmer Street # F, Fall River MA 02724

Fall River, MA 02724
$358,000
4
Beds
2
Baths
720
Sq Ft
$497
Price/Sq Ft
0.00
Acres
1987
Year Built
2
Parking
2 Family - 2 Units Up/Down
Type
44
Days on Market
Sold Listed Nov 6, 2024 • MLS# 73310354 Copied! • Updated Jan 9, 2025

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Sale Statistics

Sale Overview
Original List Price: $342,900
Final Sale Price: $358,000
Difference: +$15,100 (+4.4%)
Performance Metrics
104.4%
List to Sale Ratio
Sold above asking price
44
Days on Market
Average time
Price per Square Foot Analysis
Original $/sq ft: $476
Sale $/sq ft: $497
This property sold for $497 per square foot
Sale Summary

This property sold for 4.4% above the original asking price, indicating strong buyer demand.

The property spent 44 days on market before selling.

About this home

Attention Investors!! Opportunity knocks with this two unit condo package! Being sold along with unit A in the same building. Two condos, both two bedrooms (first floor and a top floor, best of both worlds). The units are both rented to long time tenants for $1,350.00 (Unit F) and $1,250.00 (Unit A). Professionally managed condo association. With the commuter train heading to the city this is a great investment opportunity!

BMN Estimate

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Recently Sold Nearby

Property History

Market Insights

4.2%
Price Range
47
Total Days on Market

Property Timeline

✓
Sold
Jan 9, 2025
$358,000
Property sold
Days on Market: 47
🏠
Listed for Sale
Nov 7, 2024
$342,900
Original listing
Agent: John Dator III Office: Professional Real Estate

Tax History

Year Taxes Assessment
2025 $2,217 $193,600

Financial Details

Annual Property Tax
$2,217
Tax Year 2025
Assessed Value
$193,600

Facts & Features

Home Facts

Type Residential Income
Style 2 Family - 2 Units Up/Down
Year Built 1987
Living Area 720 sq ft
Lot Size 0.0000
Bedrooms 4
Full Baths 2
Total Rooms 8

Investment Metrics

Units 2
Unit 1 Rent $1,350/mo · Y
Unit 2 Rent $1,250/mo · Y
Total Monthly Rent $2,600/mo
Gross Income $31,200
Net Operating Income $31,200
Cap Rate 9.10%
Heating None
Cooling None
Flooring None
Appliances None
Fireplace None
Basement None
Laundry None
Features None
Construction None
Architecture None
Roof None
Features None
Pool None
Spa None
Fencing None
Patio/Porch None
Features Paved Drive
Total Spaces 2
Electric None
Water Public
Sewer Public Sewer
Gas None
Other None

Financial

Annual Tax $2,217
Assessed Value $193,600
Fee Includes None
Amenities None
Optional Fee Includes None
Seller Disclosures None
Possession None
Accepted Financing None
Structure Type []
Sq Ft Source Public Record
Documents Rules & Regs (1)
County Bristol
Total market time (incl. prior listings) 47 days

Property Overview

Property Type
2 Family - 2 Units Up/Down
Listing Type
Sold
Year Built
1987
Bedrooms
4
Full Bathrooms
2
Living Area
720 sq ft
Total Rooms
8
Stories
2
Levels
2

Floor Layout

Interior Features

Flooring:
Appliances:
Interior Features:
Windows:
Basement:
Laundry:
Security:

Construction & Materials

Year Built: 1987
Structure Type:
Exterior Materials:
Roof:
Foundation: Concrete Perimeter
Stories: 2

Heating, Cooling & Utilities

Heating:
Cooling:
Hot Water:
Water Source: Public
Sewer: Public Sewer
Energy Features:

Exterior & Lot

Exterior Features:
Patio & Porch:
Fencing:
Other Structures:
Lot Features:
Road Surface:

Parking & Garage

Total Parking Spaces: 2
Parking Features: Paved Drive
School District
Fall River School District local
C-
⚠ School Safety 2024-25
8.4% Above Average
8.4% Suspensions 2.1% In-School
↑ 2.9% above state avg
E

Elementary Schools

10 schools
East Gate Christian Academy
0.7 mi
Grades PK-12
C-
John J Doran School
0.9 mi | #301 of 352 | Score: 31.3
Improved 26 spots from last year
-26.9 below state avg
525 students Diverse
Rising School Diverse Student Body
Grades PK-08
Holy Trinity School
1.0 mi
Grades PK-08
D
Henry Lord Community School
1.0 mi | #321 of 352 | Score: 29.1
Improved 12 spots from last year
-29.1 below state avg
817 students Diverse
Diverse Student Body
Grades PK-08
D
Stone PK-12 School
1.2 mi | #370 of 346 | Score: 35.9
Same rank as last year
56 students Diverse
Diverse Student Body
Grades K-12
C
Atlantis Charter School
1.7 mi | #246 of 346 | Score: 46.8
Improved 25 spots from last year
-11.4 below state avg
1,246 students Diverse
Rising School College Ready Curriculum
Grades K-12
Antioch School
1.8 mi
Grades PK-08
Espirito Santo School
1.8 mi
Grades PK-08
Holy Name School
2.2 mi
Grades PK-08
St. Michael School
2.7 mi
Grades PK-08
M

Middle Schools

3 schools
D
Matthew J Kuss Middle School
0.8 mi | #336 of 352 | Score: 27.0
Dropped 1 spots from last year
-31.2 below state avg
646 students Diverse
Diverse Student Body
Grades 06-08
C-
Talbot Innovation School
2.2 mi | #309 of 352 | Score: 30.6
Dropped 25 spots from last year
-27.6 below state avg
582 students Diverse
Diverse Student Body
Grades 06-08
C-
Morton Middle School
2.2 mi | #299 of 352 | Score: 31.4
Improved 39 spots from last year
-26.8 below state avg
751 students Diverse
Rising School Diverse Student Body
Grades 06-08
H

High Schools

6 schools
C+
Argosy Collegiate Charter School
0.3 mi | #244 of 346 | Score: 46.8
Improved 11 spots from last year
-11.4 below state avg
587 students Diverse
7 sports • 126 athletes
Early College Program College Ready Curriculum Diverse Student Body
Grades 06-12
F
Resiliency Preparatory Academy
1.5 mi | #393 of 346 | Score: 16.3
Same rank as last year
171 students Very Diverse
Diverse Student Body
Grades 07-12
Fall River Deaconess Home School
1.7 mi
Grades 06-12
C+
Diman Regional Vocational Technical High School
2.3 mi | #242 of 346 | Score: 47.1
Dropped 81 spots from last year
-11.1 below state avg
1,463 students Moderate
13 sports • 1,408 athletes
High Graduation Rate Career Tech Programs College Ready Curriculum
Grades 09-12
C+
B.M.C. Durfee High School
2.8 mi | #225 of 346 | Score: 49.2
Improved 98 spots from last year
-9 below state avg
2,642 students Diverse
18 sports • 1,452 athletes
Early College Program Rising School Career Tech Programs Strong Athletics
Grades 09-12
Bishop Connolly High School
3.0 mi
Grades 09-12
Learn about these ratings
School data provided by BMN Schools

Location

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Neighborhood

188 Palmer Street # F, Fall River MA 02724

Fall River, MA 02724

Listing Information

Listing Agent John Dator III
Listing Office Professional Real Estate
Office Phone 508-678-4703
Agent MLS ID CN255921
Office MLS ID FR0178
Listing Data Updated Jan 9, 2025 1:48 PM EST
Listing information is deemed reliable but not guaranteed. Data provided by MLS Property Information Network, Inc. All information should be independently verified.

Contact Us

BMN Boston Real Estate
BMN Boston Real Estate
Douglas Elliman
(617) 955-2224 contact@bmnboston.com
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