34 Fairmount St New Bedford, MA 02740

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3 beds · 2 baths · 1,722 sq ft · Lot Size: 9,148 sq ft · Single Family Home · Rockdale North
Est. Property Value: $471,526

High Demand Long-Term RentalValued below Market MedianOwned for Less Than 5 YearsOwner Age 55 - 65

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34 Fairmount St is in the Rockdale North neighborhood of New Bedford, MA. It is located in Bristol County and ZIP code 02740. This Single Family Home was built in 1913 and is approximately 112 years old. The single family home spans 1722 sq ft with 3 bedrooms and 2 bathrooms and sits on a 9148 sq ft lot. According to public records, it was last sold in 2020 for $360,000 and has a tax-assessed value of $466,165, which is $274 per sq ft. The Rockdale North area of New Bedford has 5 residential homes with an average size of 1782 sq ft. Analyze and compare real estate investment strategies for properties like this home at 34 Fairmount St New Bedford, MA 02740 with Property Intel by Whitepages.

Owners & Occupancy for 34 Fairmount St

This property is owned by John J Cosmo. Owner contact information includes 4 phone numbers and 2 email addresses.

Property Owners

OccupationRetired, Fire Departmant
Cell Phone(508) ***-****View Cell Phone
Residence***************
Landline(508) 997-8103
Distance from Property**********
Email Address********@yahoo.comView Email
View All Owner Info

Occupancy

Current Occupancy*****View Occupancy
Resident 1************ age 63

Property Financials for 34 Fairmount St

34 Fairmount St, New Bedford, MA has no known mortgage. The Bristol county assessment for 2024 values it at $466,165, with annual taxes of $5,063.

Property Tax

Purchase DateJuly 23, 2020
Property Tax Amount$5,063 in 2024
Purchase Price$360,000
Assessed Value$466,165 on 2024

Investment Potential for 34 Fairmount St

The property has a current estimated value of $471,526, which is 16% below the neighborhood median, based on public records. It last sold on July 23, 2020 for $360K. Projected long-term
is $43,800 annually ($3,650 per month) with a 92% occupancy rate.

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Long-Term

Gross Rental
$43,800 per year($3,650 per month)
Net Operating Income
$*****View Net Operating Income
Cap Rate
****%View Cap Rate
Occupancy Rate
92%in 02740 zip code
 
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Property Details for 34 Fairmount St

Property Details

Property Sq Ft

Living Area

1,722 sq ft

3% below market

Lot Size

9,148 sq ft

77% below market

Price Per Sq Ft

Living Area

$274 / sq ft

18% below market

Lot Size Area

$52 / sq ft

266% above market

Property condition, age, exterior, etc. for 34 Fairmou…
Longitude: -70.952241 Latitude: 41.640712 Parcel Number (APN): NEWB-000062-000000-000101…

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Discover more single family homes near 34 Fairmount St in New Bedford, Massachusetts. Get property details like ownership length, owner age, and occupancy status to help you find the best real estate opportunities in this neighborhood.

Market Benchmarks

Compare data for 34 Fairmount St in Bristol County to the median in the neighborhood area and surrounding markets, where available.
View neighborhood benchmarks
Property
State
Difference
$471,526
$553,061
-$81,536 (-15%)
$******
$770,357
$13,408 (2%)
YoY Price Change
****%
1.99%
-306%
Year Built
1913
1962
-49 years
Living Space
1,722 sq ft
1,570 sq ft
152 (10%)
$ Per Living Sq Ft
$274
$347
-$73 (-21%)
Lot Size
9,148 sq ft
15,246 sq ft
-6098 (-40%)
$ Per Lot Sq Ft
$52
$34
$17 (50%)

Net Operating Income
$*****
$28,945
$493 (2%)
Annual Revenue
$43,800
$44,400
-$600 (-1%)
$*****
$15,932
-$1,570 (-10%)
Net Operating Income
$*****
$28,945
$493 (2%)
Cap Rate
****%
5.27%
—
View Neighborhood Data
Home Value Comparison: Property vs. Local and Regional 3-Bed Single Family Home Medians

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