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Winthrop Town 02152 Downtown Winthrop
640 Pleasant Street
$280,000
● House - Off Market

640 Pleasant Street

Winthrop, MA 02152
bedrooms
2 Beds
bathrooms
1 Bath
square feet
1,221 Ft²
$480,951
RealtyHop Estimate
81.49%
Since Sep 1, 2014
MA-Boston
Primary Model

About This Property

Great opportunity to get in to Winthrop! Hard to find single at this price!  Home needs some TLC but is in a great location over looking the beautiful marsh!  Nice corner lot with a fenced in yard.  Garage for a small car or storage!  This house has allot potential!  Beautiful fireplace in the living room that is open to the dining room. Large basement featuring a 2nd fireplace just waiting to become a finished space!  Landscaping has been well maintained.  If your are an investor looking to do a quick flip here it is!  Or a homebuyer trying to get into Winthrop under $300 price range and not afraid of a little work!  Updated electrical service! This home has great bones and looking for its new owner to bring it back to life!  "Sold As Is"  OFFERS IN BY MONDAY 7/13 by 4pm
Unit Size
1,221 Ft²
Days on Market
-
Land Size
0.13 acres
Price per sqft
$217
Property Type
House
Property Taxes
$354
HOA Dues
-
Year Built
1950

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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: 6 months ago (MLSPIN #71712209)

Price History

Date / Event Date Event Price
Aug 28, 2014 Sold
Premium
Sold
Jul 10, 2014 Listed by Cottage Hill Real Estate $265,000
Listed by Cottage Hill Real Estate

Property Highlights

Garage
Parking Available
Air Conditioning
Fireplace

Building Info

Overview

    General

  • Year Built: 1950
  • Effective Year Built: 1950
  • Building Count: 1
  • Bedroom Count: 2
  • Bathroom Count: 1
  • Full Bathrooms: 1
  • Partial Bathrooms: 1
  • Building Condition: 6
  • Building Quality: 0
  • Construction Type: 0
  • Building Style: 4
  • Exterior Walls Type: 18
  • Interior Walls Type: 0
  • Roof Shape Type: 1
  • Roof Cover Type: 15
  • Floor Count: 100
  • 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: 5,494
  • Total Building Area: 1,266
  • Gross Building Area: 3,514
  • Building Area: 1,266
  • Building Area Measurement: L

    Heating and Cooling

  • Air Conditioning: 0
  • Heating: 10
  • Heated Square Feet: 1,266
  • Heating Fuel Type: 3

    Utilities

  • Sewer System: 0
  • Water Service: 0

Building

  • Building Type: 0
  • Property Class: R
  • Land Acres: 0000000126
  • 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:059 L:012
  • Lot: 12
  • Municipality: WINTHROP
  • Latitude: 42.3837
  • Longitude: -70.9917

    Address

  • Full Address: 640 Pleasant St
  • Address - House Number: 640
  • Address - Street Name: Pleasant
  • Address - Suffix Type: St
  • State: MA
  • City Name: Winthrop
  • Carrier Code: C060
  • 4-Digit Zip Code: 2750
  • Zip Code: 02152

Valuation

    Tax

  • Tax Year: 2024
  • Tax Amount: $564,500

    Appraisal Valuation

  • Standard Deviation: 0.1953
  • Valuation Date: Feb 07, 2024
  • Confidence Score: 73
  • Final Value: 611,269
  • High Value: 730,704
  • Low Value: 491,834

    Assessments Valuation

  • Assessed Year: 2024
  • Assessed Total Value: $541,700
  • Assessed Land Value: $326,500
  • Assessed Improvements Value: $215,200

    Sales

  • Current Sale Recording Date: Aug 28, 2014
  • Current Sale Price:
    Premium
  • Current Sale Document Type: 35
  • Current Sale Input Document Number: 70588

    Financing

  • First Mortgage Financing Type: UNK
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:

$649,000

Sale Price/ft²

$434

Below Asking

0.02%

Average Days on Market

55

Average Home Size

1662 ft²

Average Home Age

75.2 years

Currently For Sale

37 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# 71712209

Frequently Asked Questions

When was property at 640 Pleasant Street built and last sold?
The property at 640 Pleasant Street was built in 1950 and last sold on Jan 1, 1970 for $280,000.
How much is this home worth?
The estimated value of the home located at 640 Pleasant Street is $287,153.
What are some comparable homes to 640 Pleasant Street?
There are currently no comparable homes to 640 Pleasant Street.
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