$760,000
SOLD MAR 4, 2025

997 Broadway Raynham, MA 02767

5 Beds
5 Baths
3,094 Sq Ft
0.52 Acres

Recently Sold

$246 Per Sq Ft

9% Above List Price

14 Days on Market

Highlights

  • Golf Course Community
  • Jogging Path
  • Storage
  • Medical Services
  • Park
  • Shops

About This Home

As of March 2025

997 Broadway consists of a two-story building containing five (5), 1-Bedroom/1-Bathroom residential units with 3,094 square feet of living area in 3,374 total gross square feet. Situated on a 0.53-acre parcel of land, the property offers ample off-street parking for residents, onsite laundry, and individual private storage units. 997 Broadway is separately metered for electricity which the tenants pay directly. The Landlord is responsible for common area electric, oil-fired heat, hot water, and domestic water and sewer. In-place rents are significantly below the current market rates; the opportunity exists to increase income via programmatic updates to the unrenovated units, common areas, and exterior to drive rental rates.

Last Agent to Sell the Property

Jason Kulik

Horvath & Tremblay Listed on: 12/09/2024

Last Buyer's Agent

Samuel Horton

Boston Connect Real Estate

Boston Connect Real Estate

Property Details

Home Type

  • Multi-Family

Est. Annual Taxes

  • $6,239

Year Built

  • Built in 1960

Home Design

  • Frame Construction
  • Shingle Roof
  • Concrete Perimeter Foundation

Interior Spaces

  • 3,094 Sq Ft Home
  • Storage
  • Partial Basement

Bedrooms and Bathrooms

  • 5 Bedrooms
  • 5 Full Bathrooms

Laundry

  • Dryer
  • Washer

Parking

  • 9 Car Parking Spaces
  • Driveway
  • Open Parking
  • Off-Street Parking

Utilities

  • Heating System Uses Oil
  • Baseboard Heating
  • Separate Meters

Additional Features

  • 0.52 Acre Lot
  • Property is near schools

Listing and Financial Details

  • Total Actual Rent $4,850
  • Rent includes unit 1(heat water hot water), unit 2(heat water hot water), unit 3(heat water hot water), unit 4(heat water hot water)
  • Assessor Parcel Number 2932292

Community Details

Overview

  • 5 Units
  • Near Conservation Area
  • Property has 1 Level

Amenities

  • Medical Services
  • Shops
  • Coin Laundry

Recreation

  • Golf Course Community
  • Park
  • Jogging Path

Building Details

  • Operating Expense $23,554
  • Net Operating Income $35,686

Property Details

Home Type

Multi-Family

Est. Annual Taxes

$6,239

Year Built

Built in 1960

Lot Details

0

Listing Details

  • Property Type: Residential Income
  • Property Sub Type: 5-9 Family
  • Year Built: 1960
  • Levels: 6
  • Buyer Agency Type: %
  • Year Built Details: Approximate
  • SUB AGENCY OFFERED: No
  • Compensation Based On: Net Sale Price
  • APOD AVAILABLE: Yes
  • ResoPropertyType: ResidentialIncome
  • ResoBuildingAreaSource: PublicRecords
  • Special Features: None
  • Stories: 6

Interior Features

  • Interior Amenities: Storage
  • Fireplace YN: No
  • Appliances: Washer, Dryer
  • Total Bedrooms: 5
  • Full Bathrooms: 5
  • Total Bathrooms: 5
  • Basement: Partial
  • Living Area: 3094
  • Spa YN: No
  • Stories Total: 6
  • MAIN LO: AN2723
  • MAIN SO: AC0831

Exterior Features

  • Construction Materials: Frame
  • Foundation Details: Concrete Perimeter
  • Home Warranty YN: No
  • Road Frontage Type: Public
  • Roof: Shingle
  • Waterfront YN: No

Garage/Parking

  • Garage YN: No
  • Open Parking YN: Yes
  • Parking Features: Paved Drive, Off Street
  • Total Parking Spaces: 9

Utilities

  • Sewer: Public Sewer
  • Heating: Baseboard, Oil
  • Electric: Individually Metered
  • Heating YN: Yes
  • Water Source: Public

Condo/Co-op/Association

  • Community Features: Shopping, Park, Walk/Jog Trails, Golf, Medical Facility, Laundromat, Conservation Area, Highway Access, House of Worship, Public School
  • Rent Includes: Unit 1(Heat,Water,Hot Water), Unit 2(Heat,Water,Hot Water), Unit 3(Heat,Water,Hot Water), Unit 4(Heat,Water,Hot Water)
  • Senior Community YN: No

Lot Info

  • Parcel Number: 2932292
  • Zoning: BD
  • Farm Land Area Units: Square Feet
  • Lot Size Acres: 0.52
  • Lot Size Sq Ft: 22999
  • Lot Size Units: Acres
  • ResoLotSizeUnits: Acres

Tax Info

  • Tax Year: 2024
  • Tax Annual Amount: 6239

Multi Family

  • Net Operating Income: 35686
  • Number Of Units Total: 5
  • Operating Expense: 23554
  • Total Actual Rent: 4850
  • LEVELS 1: 1
  • Basement Included Sq Ft: No
  • LEVELS 4: 1
  • LEVELS 3: 1
  • LEASE 4: N
  • LEASE 3: N
  • LEASE 2: N
  • LEASE 1: Y
  • FLRS 3: 1

Range of Values:

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Value Increase
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Percent Increase
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Adjusted for Inflation
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Home Values in the Area

Source: Public Records

Average Home Value in this Area





Source: Public Records

Property History

Date Event Price List to Sale Price per Sq Ft
03/04/2025 03/04/25 Sold $760,000 +8.6% $246 / Sq Ft
12/23/2024 12/23/24 Pending -- -- --
12/09/2024 12/09/24 For Sale $700,000 -- $226 / Sq Ft
Source: MLS Property Information Network (MLS PIN)

Tax History Compared to Growth

Source: Public Records

Tax History

Year Tax Paid Tax Assessment Tax Assessment Total Assessment is a certain percentage of the fair market value that is determined by local assessors to be the total taxable value of land and additions on the property. Land Improvement
2025 $6,310 $521,500 $192,300 $329,200
2024 $6,239 $502,300 $173,100 $329,200
2023 $6,355 $467,300 $163,500 $303,800
2022 $6,424 $433,200 $153,900 $279,300
2021 $6,082 $414,000 $134,700 $279,300
2020 $5,855 $406,300 $127,000 $279,300
2019 $5,672 $398,600 $119,300 $279,300
2018 $5,395 $362,100 $105,800 $256,300
2017 $5,355 $356,300 $100,000 $256,300
2016 $5,280 $352,500 $96,200 $256,300
2015 $4,869 $319,500 $99,400 $220,100
Source: Public Records

Agents Affiliated with this Home

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Map

Source: MLS Property Information Network (MLS PIN)

MLS Number: 73318581

MLS Property Information Network (MLS PIN)