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Somerset 02726
1749 Read St
$235,000
● House - Off Market

1749 Read St

Somerset, MA 02726
bedrooms
3 Beds
bathrooms
1 Bath
square feet
1,092 Ft²
$384,329
RealtyHop Estimate
51.97%
Since Feb 1, 2019
National-US
Primary Model

About This Property

Solid Three Bedroom, One bath One Level Ranch offers great opportunity.  Located on corner lot, the property has 2 car garage under and basement has plenty of storage.  Hardwood floors, large closets and some replacement windows plus a brand new heating system!  Seller has recently connected to town sewer. Bring your vision -this diamond in the rough is a great find!
Unit Size
1,092 Ft²
Days on Market
-
Land Size
0.22 acres
Price per sqft
$232
Property Type
House
Property Taxes
$297
HOA Dues
-
Year Built
1963

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Cap Rate Calculator

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Cap Rate 100% Occupancy
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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: 6 months ago (MLSPIN #72417300)

Price History

Date / Event Date Event Price
Jan 8, 2019 Sold
Premium
Sold
Oct 30, 2018 Listed by Frank Smith Real Estate, Inc. $252,900
Listed by Frank Smith Real Estate, Inc.

Property Highlights

Parking Available
Garage

Building Info

Overview

    General

  • Year Built: 1963
  • Effective Year Built: 1963
  • Total Rooms: 5
  • Bedroom Count: 3
  • Bathroom Count: 1
  • Full Bathrooms: 1
  • Partial Bathrooms: 1
  • Building Condition: 2
  • Building Quality: 0
  • Construction Type: 3
  • Building Style: 11
  • Exterior Walls Type: 19
  • Interior Walls Type: 0
  • Roof Shape Type: 1
  • Roof Cover Type: 15
  • Floor Count: 100
  • Floor Cover: 0
  • Basement Type: 2
  • Basement Area: 1,092
  • Garage Type: 17
  • Parking Space Count: 2
  • Patio Type: 0
  • Porch Type: 0
  • Pool Type: 0

    Dimensions

  • Lot Size Square Feet: 9,365
  • Total Building Area: 1,092
  • Gross Building Area: 2,184
  • Building Area: 1,092
  • Building Area Measurement: L

    Heating and Cooling

  • Air Conditioning: 0
  • Heating: 4
  • Heated Square Feet: 1,092
  • Heating Fuel Type: 3

    Utilities

  • Sewer System: 0
  • Water Service: 0

Building

  • Building Type: 0
  • Property Class: R
  • Land Acres: 0000000215
  • Standard Land Use Code: 1001
  • County Land Use Code: 101

Neighborhood

  • School District Name: Somerset-Berkley School District
  • School Tax School District: SOMERSET SD
  • School Tax District Code 2: SOMERSET BERKLY
  • Census Tract: 644200

Zoning

  • Zoning: R1

Geography

  • Parcel: SOME M:0B9 L:0032
  • Lot: 32
  • Municipality: SOMERSET
  • Latitude: 41.7405
  • Longitude: -71.1833

    Address

  • Full Address: 1749 Read St
  • Address - House Number: 1749
  • Address - Street Name: Read
  • Address - Suffix Type: St
  • State: MA
  • City Name: Somerset
  • Carrier Code: C055
  • 4-Digit Zip Code: 1347
  • Zip Code: 02726

Valuation

    Tax

  • Tax Year: 2023
  • Tax Amount: $387,900

    Appraisal Valuation

  • Standard Deviation: 0.1923
  • Valuation Date: Jan 17, 2024
  • Confidence Score: 74
  • Final Value: 393,455
  • High Value: 469,133
  • Low Value: 317,777

    Assessments Valuation

  • Assessed Year: 2023
  • Assessed Total Value: $305,900
  • Assessed Land Value: $155,400
  • Assessed Improvements Value: $150,500

    Sales

  • Current Sale Contract Date: Jan 02, 2019
  • Current Sale Recording Date: Jan 08, 2019
  • Current Sale Price:
    Premium
  • Current Sale Document Type: 54
  • Current Sale Input Document Number: 333
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 Somerset

Stats & Trends

Median Asking:

$530,000

Sale Price/ft²

$329

Below Asking

0.01%

Average Days on Market

55

Average Home Size

1779 ft²

Average Home Age

67 years

Currently For Sale

23 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

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Last Updated: 6 months ago
Data Source: MLS PIN, MLS# 72417300

Frequently Asked Questions

When was property at 1749 Read Street built and last sold?
The property at 1749 Read Street was built in 1963 and last sold on Jan 2, 2019 for $235,100.
How much is this home worth?
The estimated value of the home located at 1749 Read Street is $262,146.
What are some comparable homes to 1749 Read Street?
There are currently no comparable homes to 1749 Read Street.
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