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Winthrop Town 02152 Downtown Winthrop
255 Main St
$535,000
● House - Off Market

255 Main St

Winthrop, MA 02152
bedrooms
4 Beds
bathrooms
1 Bath, 1 Half Bath
square feet
2,786 Ft²
$642,337
RealtyHop Estimate
7.23%
Since Dec 1, 2022
MA-Boston
Primary Model

About This Property

Huge home- owner occupied for 30+ years waiting for you to make it your own! *Newer roof and vinyl siding* A quarter acre of land just a 2 minute drive to East Boston with a big backyard, driveway for 3 cars and an in-ground pool. No flood insurance required! Come by and check this one out at the open house this Saturday, October 1st from 12-2 if you are looking for an awesome winter project in an incredible location to be up and ready for the Spring.
Unit Size
2,786 Ft²
Days on Market
-
Land Size
0.20 acres
Price per sqft
$215
Property Type
House
Property Taxes
$497
HOA Dues
-
Year Built
1922

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Cap Rate Calculator

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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 #73041848)

Price History

Date / Event Date Event Price
Nov 22, 2022 Sold
Premium
Sold
Nov 5, 2022 In contract -
In contract
Sep 28, 2022 Listed by Engel & Volkers Boston $599,000
Listed by Engel & Volkers Boston
Nov 29, 1989 Sold
Premium
Sold

Property Highlights

Parking Available
Air Conditioning
Fireplace

Building Info

Overview

    General

  • Year Built: 1922
  • Effective Year Built: 1922
  • Building Count: 1
  • Bedroom Count: 3
  • Bathroom Count: 2
  • Full Bathrooms: 1
  • Partial Bathrooms: 2
  • Building Condition: 6
  • Building Quality: 0
  • Construction Type: 0
  • Building Style: 5
  • Exterior Walls Type: 19
  • Interior Walls Type: 0
  • Roof Shape Type: 1
  • 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: 8,759
  • Total Building Area: 1,914
  • Gross Building Area: 3,898
  • Building Area: 1,914
  • Building Area Measurement: L

    Heating and Cooling

  • Air Conditioning: 0
  • Heating: 4
  • Heated Square Feet: 1,914
  • Heating Fuel Type: 6

    Utilities

  • Sewer System: 0
  • Water Service: 0

Building

  • Building Type: 0
  • Property Class: R
  • Land Acres: 0000000201
  • 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:054 L:093
  • Lot: 93
  • Municipality: WINTHROP
  • Latitude: 42.3816
  • Longitude: -70.9847

    Address

  • Full Address: 255 Main St
  • Address - House Number: 255
  • Address - Street Name: Main
  • Address - Suffix Type: St
  • State: MA
  • City Name: Winthrop
  • Carrier Code: C060
  • 4-Digit Zip Code: 1963
  • Zip Code: 02152

Valuation

    Tax

  • Tax Year: 2024
  • Tax Amount: $625,100
  • Initial Tax Delinquent Year: 2023

    Appraisal Valuation

  • Standard Deviation: 0.1919
  • Valuation Date: Feb 07, 2024
  • Confidence Score: 74
  • Final Value: 698,652
  • High Value: 832,762
  • Low Value: 564,541

    Assessments Valuation

  • Assessed Year: 2024
  • Assessed Total Value: $599,900
  • Assessed Land Value: $328,300
  • Assessed Improvements Value: $271,600

    Sales

  • Current Sale Contract Date: Nov 17, 2022
  • Current Sale Recording Date: Nov 22, 2022
  • Current Sale Price:
    Premium
  • Current Sale Document Type: O
  • Current Sale Input Document Number: 94762
  • Previous Sale Recording Date: Nov 29, 1989
  • Previous Sale Amount: $201,900
  • 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

$448

Below Asking

0.02%

Average Days on Market

55

Average Home Size

1608 ft²

Average Home Age

74.2 years

Currently For Sale

31 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

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Last Updated: 4 months ago
Data Source: MLS PIN, MLS# 73041848

Frequently Asked Questions

When was property at 255 Main Street built and last sold?
The property at 255 Main Street was built in 1922 and last sold on Nov 17, 2022 for $535,000.
How much is this home worth?
The estimated value of the home located at 255 Main Street is $622,269.
What are some comparable homes to 255 Main Street?
There are currently no comparable homes to 255 Main Street.
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