12 days on rocket

488-494 Ridge St, Fall River, MA, 02724

$2,449,500

Home List Price

$10,000*

Closing Credit

18 Bedrooms
9 Full Baths
7,000 SqFt
$350/SqFt
Multi
Schools Nearby

Location

Image provided by Mapbox

Get An Agent. Get A Mortgage.

Save BIG.

Rocket Homes logo

488-494 Ridge St, Fall River$2,449,500

Buyer Closing Credits

$10,000*

1.25% Loan Amount

Rocket Homes logo

Still Have Questions? Contact Us.

Contact Us Phone Number1 (855) 200-2001

Property Highlights

Home TypeMulti Family
Year Built1900
BasementYes
ViewCity
MLS #73241095
Lot Size0.16 Acres
StatusActive

About 488-494 Ridge St

This spacious 9-unit property is located in the South end of the city, close to Saint Anne's Hospital. The property consists of 2 separate buildings on one parcel. The back building contains 3 large (3) bedroom units, and the front building layout consists of three (2) bedroom units and three (1) bedroom units. This property is to be sold as a package together with the North end property located at 293 Crescent Street of 6 units for a combined total package of 15 apartments. Perfect property for investors with a projected gross income of 300K plus. Possible owner financing available for well qualified buyers. Neither seller nor agent, make any representations as to the accuracy of any information contained herein. Buyer(s) and buyer(s) agent must conduct their own due diligence, verification, research and are relying solely on the same. SELLERS HAVE NEVER OCCUPIED PROPERTY.

Property Details

Property Features

Property Information:

  • Year Built: 1900
  • Living Area: 7,000 SqFt

Listing Office:

  • Office Name: Keller Williams Realty
  • Listing Agent: Vasco Cabral

Interior Features

Interior Information:

  • Appliances: Washer, Dryer, Range, Refrigerator
  • Basement: Yes
  • Flooring Type: Carpet, Varies, Hardwood
  • Interior: Laundry Room, Living Room, Kitchen, Family Room

Bedroom and Bathroom Information:

  • Full Bathrooms: 9
  • Total Bedroom Count: 18

Exterior Features

Exterior Information:

  • View: City
  • Exterior: Rain Gutters

Lot Features

Lot Information:

  • Lot: Level
  • Lot Size: 0.16 Acres

School Info

Assigned Schools Information:

  • B M C Durfee High School, Public District Grades 9-12
  • Matthew J Kuss Middle School, Public District Grades 6-8
  • William S Greene, Public District Grades PK-5

Other

Directions Information:

  • Directions: USE GPS

Price Information

Listing Price Info

Price Summary:

  • List Price: $2,449,500
  • Price Per SqFt: $350/SqFt

Agent Commission:

  • Buyer's Agent Commission: 2%
House and calculator

What can I afford?

Understand what home price range makes sense for your budget.

Housing Market Comparison

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

Map thumbnail provided by MapBox

Fall River, MA

City

Med. Sold Price

$445K

Med. Price/SqFt

$223

Avg. Days On Market

47

# of Sold Homes

44

488-494 Ridge St vs Fall River

12 DAYS ON ROCKET

-35 Days

$2,449,500

+$2.0M More

$350/SqFt

+$127 More

KEY TAKEAWAY

This property is $2.0M more than the Median Sold Price and $127/SqFt more 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: #73241095

Listing Office:

  • Office Name: Keller Williams Realty
  • Listing Agent: Vasco Cabral

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: 6/3/2024, 12:20:34 PM Eastern. If you have any questions regarding the accuracy of this data, please contact us at help@rockethomes.com.

Property Sales & Tax

We're sorry, we currently don't have sales or tax history data for this listing.

Payment Calculator

$12.2K

Per Month

Recommended Financing

30-Year Fixed

Rate/APR

7.5% / 6.68%

Total Monthly Payment

$7,410

Powered By

Rocket Mortgage

Advertisement

NMLS#3030

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-8013404
2
/10

  • William S Greene

  • 409 Cambridge St

  • 0.60 miles

  • Public District Grades PK-5

Middle School

school-card-donut-8013405
2
/10

  • Matthew J Kuss Middle School

  • 52 Globe Mills Ave

  • 0.93 miles

  • Public District Grades 6-8

High School

school-card-donut-8013406
2
/10

  • B M C Durfee High School

  • 360 Elsbree St

  • 2.41 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 $36,333. Residents of Fall River, MA typically earn between $35k-100k each year. The majority of families are single, no kids. 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›02724›488-494 Ridge St

This home is located at 488-494 Ridge St in Fall River, MA and zip code 02724. This 7,000 square foot home, which was built in 1900, sits on a 0.16 acre lot. Features: 18 bedrooms, 9 bathrooms. It has been listed on Rocket Homes since May 21, 2024 and is currently priced at $2,449,500.

While more than 26 listings in Fall River, MA in May 2024 were sold above asking price, there were more than 4 listings sold at asking price, and more than 14 were sold below. The number of listings in Fall River, MA increased by 7.4% between April 2024 and May 2024. In May 2024, listings were on the market for 47 days. During the same period, the median list price in this real estate market was $445,000.

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

More Resources