For Sale
For Rent
Blog
Property Records
Schools
SEARCH
Property Records
For Sale
For Rent
MORE
Blog
Schools
See Home Value
Winthrop Town 02152 Downtown Winthrop
148 Read Street
$360,000
● House - Off Market

148 Read Street

Winthrop, MA 02152
bedrooms
3 Beds
bathrooms
1 Bath, 1 Half Bath
square feet
1,547 Ft²
$514,805
RealtyHop Estimate
56.05%
Since Aug 1, 2017
MA-Boston
Primary Model

About This Property

Yes, it needs updating etc. BUT... IT IS PRICED ACCORDINGLY!  This three bedroom Cape could be transformed back into the lovely home that it once was.  Good news is the oil heating system is about four years old, electric was updated to 200 AMP panel, the roof is one layer and approx.five years old., replacement windows and hardwood flooring throughout.  There is an attached garage and large fenced in yard with above ground pool.  House is being sold in "as is" condition. This is your opportunity to live in Winthrop by the Sea, new state of the art Middle and High Schools, miles of beaches, and so close to Logan Airport and downtown Boston.
Unit Size
1,547 Ft²
Days on Market
-
Land Size
0.16 acres
Price per sqft
$213
Property Type
House
Property Taxes
$413
HOA Dues
-
Year Built
1940

Payment Calculator

Home Price
Down Payment
%
Loan Term
Interest %

Your Estimated Monthly Payment

Principal + Interest:
Property Tax:
HOA:
Home Insurance:
Mortgage Insurance:

Cap Rate Calculator

Purchase Price
Monthly Property Taxes
Monthly Rental Income
Maintenance & HOA
Income Per Year
Expenses Per Year
Operating Profit Per Year
Cap Rate 100% Occupancy
N/A (extreme outlier)

What does this mean?

Based on our analysis, the cap rate of this property is 1.25%. A negative cap rate indicates that the property might not be feasible as an income-producing asset. The median cap rate for a near zip code 11238 is 4.23%.

How much can I actually make?

Actual monthly rental income may vary between $4,760 and $7,140 depending on unit-specific characteristics. You can change the amount using the slider to further explore.

How is cap rate calculated?

Cap Rate = Net Operating Income (NOI) / Property Asset Value.

When calculating the cap rate, we assume 100% occupancy. Leverage (mortgage) is not considered.

Cap Rate provided by RealtyHop and RentHop, learn more about cap rate here.

Last updated: 4 months ago (MLSPIN #72116090)

Price History

Date / Event Date Event Price
Jul 13, 2017 Sold
Premium
Sold
Feb 6, 2017 Listed by Highland Real Estate $329,900
Listed by Highland Real Estate
Oct 18, 2001 Sold
Premium
Sold
Aug 15, 2001 Listed by Highland Real Estate $249,900
Listed by Highland Real Estate

Property Highlights

Garage
Parking Available
Air Conditioning
Fireplace

Building Info

Overview

    General

  • Year Built: 1940
  • Effective Year Built: 1940
  • Building Count: 1
  • Total Rooms: 6
  • Bedroom Count: 3
  • Bathroom Count: 2
  • Full Bathrooms: 1
  • Partial Bathrooms: 2
  • Building Condition: 6
  • Building Quality: 0
  • Construction Type: 0
  • Building Style: 4
  • Exterior Walls Type: 18
  • Interior Walls Type: 0
  • Roof Shape Type: 11
  • Roof Cover Type: 15
  • Floor Count: 200
  • Living Units: 1
  • Floor Cover: 0
  • Basement Type: 0
  • Basement Area: 0
  • Garage Type: 0
  • Parking Space Count: 0
  • Patio Type: 0
  • Porch Type: 0
  • Pool Type: 0

    Dimensions

  • Lot Size Square Feet: 7,139
  • Total Building Area: 1,547
  • Gross Building Area: 3,033
  • Building Area: 1,547
  • Building Area Measurement: L

    Heating and Cooling

  • Air Conditioning: 0
  • Heating: 10
  • Heated Square Feet: 1,547
  • Heating Fuel Type: 6

    Utilities

  • Sewer System: 0
  • Water Service: 0

Building

  • Building Type: 0
  • Property Class: R
  • Land Acres: 0000000164
  • Standard Land Use Code: 1001
  • County Land Use Code: 101

Neighborhood

  • School District Name: Winthrop School District
  • School Tax School District: WINTHROP SD
  • Census Tract: 180200

Geography

  • Parcel: WINT M:060 L:001
  • Lot: 1
  • Municipality: WINTHROP
  • Latitude: 42.3834
  • Longitude: -70.9882

    Address

  • Full Address: 148 Read St
  • Address - House Number: 148
  • Address - Street Name: Read
  • Address - Suffix Type: St
  • State: MA
  • City Name: Winthrop
  • Carrier Code: C060
  • 4-Digit Zip Code: 2760
  • Zip Code: 02152

Valuation

    Tax

  • Tax Year: 2024
  • Tax Amount: $609,200

    Appraisal Valuation

  • Standard Deviation: 0.2611
  • Valuation Date: Feb 07, 2024
  • Confidence Score: 62
  • Final Value: 668,008
  • High Value: 842,440
  • Low Value: 493,576

    Assessments Valuation

  • Assessed Year: 2024
  • Assessed Total Value: $584,600
  • Assessed Land Value: $334,900
  • Assessed Improvements Value: $249,700

    Sales

  • Current Sale Recording Date: Jul 13, 2017
  • Current Sale Price:
    Premium
  • Current Sale Document Type: O
  • Current Sale Input Document Number: 61016
  • Previous Sale Recording Date: Oct 18, 2001
  • Previous Sale Amount: $255,102
  • Previous Sale Document Type: 27
Data used for valuation calculations is provided by RealtyHop, and other third party sources
Request mortgage information redaction

Comparables

Unit
Status
Type
Beds
Baths
ft²
Price/ft²
Asking Price
Listed On
Closing Price
Sold On
HOA + Taxes

About Downtown Winthrop

Stats & Trends

Median Asking:

$629,000

Sale Price/ft²

$452

Below Asking

0.02%

Average Days on Market

55

Average Home Size

1721 ft²

Average Home Age

77.3 years

Currently For Sale

28 Listings
Based on RH Advisors, Inc. calculations of home data from MLS and/or public records.

Similar Homes for Sale

Currently no similar homes around

Nearby Rentals

Rentals Near You

Click here to view more rentals in the neighborhood.
Last Updated: 4 months ago
Data Source: MLS PIN, MLS# 72116090

Frequently Asked Questions

When was property at 148 Read Street built and last sold?
The property at 148 Read Street was built in 1940 and last sold on Jan 1, 1970 for $360,000.
How much is this home worth?
The estimated value of the home located at 148 Read Street is $351,977.
What are some comparable homes to 148 Read Street?
There are currently no comparable homes to 148 Read Street.
Recent Neighborhood News
Lake House Prices Near NYC in 2026: What Waterfront Actually Costs (Labor Day Buyer's Guide)
9 New York City Seafood and Raw Bars
Why Some NYC Tenement Apartments Had Bathtubs in the Kitchen
The Current Status of iBuying in 2026: What To Know
Popular Searches
Winthrop Town Homes for Sale
Winthrop Town Houses for Sale
Winthrop Town Condos for Sale
Winthrop Town Multifamily for Sale
Winthrop Town Commercial for Sale
Winthrop Town Homes with Basements
Winthrop Town Homes with Pools
Winthrop Town Homes with Parking
Nearby Cities
Boston Homes for Sale
Somerville Homes for Sale
Malden Homes for Sale
Revere Homes for Sale
Melrose Homes for Sale
Everett Homes for Sale
Chelsea Homes for Sale
Hull Homes for Sale
Nearby Property Records
Suffolk County, MA Property Records
Norfolk County, MA Property Records
Middlesex County, MA Property Records
Essex County, MA Property Records
Plymouth County, MA Property Records
Bristol County, MA Property Records
Rockingham County, NH Property Records
Providence County, RI Property Records
Neighborhoods
South End Real Estate
Back Bay Real Estate
Maplewood Real Estate
D Street - West Broadway Real Estate
West Revere Real Estate
Thompson Square - Bunker Hill Real Estate
Glendale Real Estate
North End Real Estate
Nearby Counties
Boston Homes for Sale
Somerville Homes for Sale
Malden Homes for Sale
Revere Homes for Sale
Melrose Homes for Sale
Everett Homes for Sale
Chelsea Homes for Sale
Hull Homes for Sale
Top Real Estate Agents
Top Agents in Downtown Winthrop
Top Agents in Winthrop Town
Top Agents in Boston
Top Agents in Boston
Top Agents in Somerville
Top Agents in Somerville
Top Agents in 02127
Top Agents in 02148