For Sale
For Rent
Blog
Property Records
Schools
SEARCH
Property Records
For Sale
For Rent
MORE
Blog
Schools
See Home Value
Somerset 02726
763 Read St
$435,000
● House - Off Market

763 Read St

Somerset, MA 02726
bedrooms
3 Beds
bathrooms
2 Baths
square feet
1,456 Ft²
$425,713
RealtyHop Estimate
0.17%
Since Jul 1, 2023
National-US
Primary Model

About This Property

Somerset 3 bedroom 2 full bath Cape on a corner fenced lot.  Updated kitchen with new tile floor and stainless steel appliances to pass with sale. Hardwood flooring throughout the main level. The formal dining room with wainscoting leads to main level bedroom, full bath and the living room with fireplace, 2nd level hosts 2 bedrooms and another full bathroom. Partially finished basement renovated in 2022. 2 car garage. Heating system was installed in 2019, hot water tank 2019, mini split for A/C (October 2022) Roof 2020, skylights and windows were replaced in 2019. Subject to sellers finding suitable housing, a property has been identified and home inspection has been completed.
Unit Size
1,456 Ft²
Days on Market
-
Land Size
0.16 acres
Price per sqft
$292
Property Type
House
Property Taxes
$349
HOA Dues
-
Year Built
1941

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: 6 months ago (MLSPIN #73091934)

Price History

Date / Event Date Event Price
Jun 30, 2023 Sold
Premium
Sold
May 19, 2023 In contract -
In contract
May 12, 2023 Price Increased $425,000
↑ $127K (42.6%)
Price Increased
May 12, 2023 Relisted $298,000
Relisted
Apr 27, 2023 In contract -
In contract
Show More

Property Highlights

Garage
Parking Available
Air Conditioning
Fireplace

Building Info

Overview

    General

  • Year Built: 1941
  • Effective Year Built: 1941
  • Total Rooms: 7
  • Bedroom Count: 3
  • Bathroom Count: 2
  • Full Bathrooms: 2
  • Partial Bathrooms: 2
  • Building Condition: 6
  • Building Quality: 0
  • Construction Type: 3
  • Building Style: 4
  • Exterior Walls Type: 18
  • Interior Walls Type: 0
  • Roof Shape Type: 1
  • Roof Cover Type: 15
  • Floor Count: 200
  • Floor Cover: 0
  • Basement Type: 2
  • Basement Area: 832
  • Garage Type: 1
  • Parking Space Count: 1
  • Patio Type: 0
  • Porch Type: 0
  • Pool Type: 0

    Dimensions

  • Lot Size Square Feet: 6,970
  • Total Building Area: 1,456
  • Gross Building Area: 2,288
  • Building Area: 1,456
  • Building Area Measurement: L

    Heating and Cooling

  • Fireplace Count: 1
  • Air Conditioning: 0
  • Heating: 10
  • Heated Square Feet: 1,456
  • Heating Fuel Type: 3

    Utilities

  • Sewer System: 0
  • Water Service: 0

Building

  • Building Type: 0
  • Property Class: R
  • Land Acres: 0000000160
  • 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:0B6 L:0120
  • Lot: 120
  • Municipality: SOMERSET
  • Latitude: 41.7363
  • Longitude: -71.1665

    Address

  • Full Address: 763 Read St
  • Address - House Number: 763
  • Address - Street Name: Read
  • Address - Suffix Type: St
  • State: MA
  • City Name: Somerset
  • Carrier Code: C064
  • 4-Digit Zip Code: 2436
  • Zip Code: 02726

Valuation

    Tax

  • Tax Year: 2023
  • Tax Amount: $453,100

    Appraisal Valuation

  • Standard Deviation: 0.1928
  • Valuation Date: Jan 17, 2024
  • Confidence Score: 74
  • Final Value: 445,824
  • High Value: 531,798
  • Low Value: 359,849

    Assessments Valuation

  • Assessed Year: 2023
  • Assessed Total Value: $357,300
  • Assessed Land Value: $140,200
  • Assessed Improvements Value: $217,100

    Sales

  • Current Sale Contract Date: Jun 30, 2023
  • Current Sale Recording Date: Jun 30, 2023
  • Current Sale Price:
    Premium
  • Current Sale Document Type: O
  • Current Sale Input Document Number: 9187
  • Previous Sale Recording Date: Sep 18, 2019
  • Previous Sale Contract Date: Sep 18, 2019
  • Previous Sale Amount: $298,900
  • Previous Sale Document Type: O
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

54

Average Home Size

1758 ft²

Average Home Age

66.9 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

Rentals Near You

Click here to view more rentals in the neighborhood.
Last Updated: 6 months ago
Data Source: MLS PIN, MLS# 73091934

Frequently Asked Questions

When was property at 763 Read Street built and last sold?
The property at 763 Read Street was built in 1941 and last sold on Jun 30, 2023 for $435,000.
How much is this home worth?
The estimated value of the home located at 763 Read Street is $426,581.
What are some comparable homes to 763 Read Street?
There are currently no comparable homes to 763 Read Street.
Recent Neighborhood News
Haunted NYC Real Estate: 6 Spooky Stories Behind the Addresses
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
Popular Searches
Somerset Homes for Sale
Somerset Houses for Sale
Somerset Condos for Sale
Somerset Multifamily for Sale
Somerset Land for Sale
Somerset Commercial for Sale
Somerset Homes with Basements
Somerset Homes with Pools
Nearby Cities
Taunton Homes for Sale
Fall River Homes for Sale
Tiverton Homes for Sale
Ocean Grove Homes for Sale
North Westport Homes for Sale
Nearby Property Records
Bristol County, MA Property Records
Bristol County, RI Property Records
Newport County, RI Property Records
Providence County, RI Property Records
Plymouth County, MA Property Records
Kent County, RI Property Records
Norfolk County, MA Property Records
Washington County, RI Property Records
Nearby Counties
Taunton Homes for Sale
Fall River Homes for Sale
Swansea Homes for Sale
Westport Homes for Sale
Rehoboth Homes for Sale
Tiverton Homes for Sale
Portsmouth Homes for Sale
Bristol Homes for Sale
Top Real Estate Agents
Top Agents in Somerset
Top Agents in Taunton
Top Agents in Taunton
Top Agents in Fall River
Top Agents in Fall River
Top Agents in 02780
Top Agents in 02720
Top Agents in 02721