331 W Main St · Somerset, PA 15501

$57,000

3 bd · 1.0 ba · 1,632 sqft · SingleFamily public records · 181 Days on market

Built 1909 2,613 sqft lot

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Why this score? — see what drove the B grade

The composite is a weighted blend of 9 inputs, each scored 0–100. Each bar is that input's sub-score; the figure is the points it added to the 100-point composite (weight × sub-score).

• Cash flow +30.0/30.0
• 1% rule +10.0/10.0
• DSCR +10.0/10.0
• ARV discount +7.5/15.0
• Schools +4.2/10.0
• Livability +3.3/5.0
• Rent growth +2.5/5.0
• Condition / age +2.5/5.0
• Appreciation +0.0/10.0

Listing remarks MLS

2 Story Brick is conveniently located near uptown Somerset, near the Middle and High School, and near the public library. The property has an old furnace that works well, and has gas hot water heat. The roof is only 6-8 years old, and the interior has been freshly painted. The property needs a new bathroom.

Key facts

• Newer windows
• 2,613 sq ft lot
• Garage

Tags

• CONVENIENT TO UPTOWN SOMERSET
• NEWER WINDOWS
• NEWER HOT WATER HEATER

What this means for you Summary

Snapshot

• This is a 3-bed/1.0-bath single-family listed at $57k.

Deal economics

• At list price, monthly cash flow is $328 ($4k/yr) — positive.
• The deal already cash-flows at list — no discount required.
• Meets the 1% rule at list price ($1k rent vs $57k).
• Recommended offer: $50k (12.0% below list) — sets the bar for market timing.
• Cap rate 13.2% vs local median 4.3% in Somerset — top-decile yield for the area; either an underpriced asset or a hidden risk that comps aren't pricing in. Stress-test before assuming the spread holds.

Location & tenants

• Location reads 66/100 on livability (#1,031 in PA) — a middle-class / working-renter tenant base. Strengths: cost of living A+, health & safety A, housing B+; Watch: amenities F, commute F, employment D-.
• Somerset Area SD (town): math 40% / reading 61% proficiency, ranked #185 of 539 in PA (top 34%) — acceptable for families but not a draw, mixed tenant base, ~2y average lease.
• Market conditions: 98 active listings in the ZIP; 1 comparable units currently listed for rent nearby; 78 units permitted in Somerset County in 2024 (0 in 5+ unit buildings).

Forward outlook

• Local home prices are declining (-3.0%/yr); year-one equity from $394 of loan paydown is wiped out by about $2k of value loss. Plan a longer hold.
• Somerset County population projected at -21% by 2050 — secular population decline; favor cash flow + early exit over multi-decade hold.
• At projected returns (-3.0% appreciation + 3.0% rent growth), your $16k cash investment doubles in ~5 years — after that, you're playing with house money.

Negotiation context

• It's been on market 181 days — a 12% lower offer ($50k) is reasonable based on typical stale-listing flexibility.
• 4 sale attempts since 2y ago; this cycle's ask has dropped $6k (10%) from the opening price — seller is motivated, your offer sets the floor, not the list.
• Current owner paid $48k; 19% above their basis — modest negotiation headroom, anchor on the comps not their cost.

Risks & watch-outs

• Watch-outs: property tax is 4.2% of price; built in 1909 — expect roof / HVAC / electrical / plumbing capex.

Recommended offer $50,160 (12.0% below list)

Questions for the listing agent

1. It's been on market 181 days. Have you received any prior offers? Is the seller open to a 12% concession, seller financing, or rate buy-down credit?
2. Built in 1909 — when were the roof, HVAC, electrical panel, plumbing, and water heater last replaced?
3. Property tax is high relative to price — has the assessment been appealed recently, and will the sale trigger a re-assessment?
4. Why hasn't it sold? Are there any deal-killer items the seller is aware of (foundation, flood, title, zoning, code violations)?
5. Is there a deadline driving the sale (1031 exchange, divorce, estate, relocation)? That informs how much negotiation room exists.
6. Schools are B-rated — typically a magnet for longer-tenancy family renters. What's the average tenant stay here, and is there a school-zone premium baked into asking?
7. What's the average days-on-market for RENTAL listings here right now (not sales)? A rising rental-DOM trend means longer vacancies and softer asking-rent achievability than the comps imply.
8. What's the recent tenant-quality profile in this submarket — average credit score on applications, eviction rate, late-payment / NSF rate, and stable-employment percentage? A property-management company in the area should have these aggregated.
9. How much new for-sale + rental construction is in the pipeline within 1–3 miles? Heavy new supply typically softens prices + rents 12–24 months out; constrained supply supports both.

Investment metrics

• 1% rule: 1.89% ✓
• Cap rate: 13.19%
• Cash-on-cash: 24.64%
• DSCR: 2.10
• GRM: 4.4

CMA / ARV

• ARV (on-the-fly): $163,200
• Comps found: 12

Show comp detail 12 sales within ~0.75 mi

Address	Dist	Beds/Ba	Sqft	Sold	Price	$/sf	Match
336 W Sanner St	0.23mi	3/1.0	1,612 (-1%)	7mo	$161,000	$100	81
255 W Sanner St	0.27mi	4/2.0 (+1)	1,642 (+1%)	10mo	$147,000	$90	69
344 W Garrett St	0.31mi	3/2.0	1,537 (-6%)	5mo	$168,000	$109	68
218 Missoura St	0.51mi	3/2.0	1,632 (0%)	7mo	$185,000	$113	66
211 N Vincent Ave	0.25mi	3/2.0	1,492 (-9%)	4mo	$175,000	$117	66
202 Fuller St	0.46mi	3/1.0	1,400 (-14%)	2mo	$33,000	$24	53
523 S Ankeny Ave	0.37mi	4/2.0 (+1)	1,736 (+6%)	12mo	$102,897	$59	53
629 Clover Hill Rd	0.58mi	3/2.0	1,781 (+9%)	5mo	$275,000	$154	50
619 W Race St	0.44mi	4/1.0 (+1)	1,454 (-11%)	9mo	$99,500	$68	49
540 S Center Ave	0.41mi	3/1.0	1,416 (-13%)	12mo	$115,000	$81	49
865 W Sanner St	0.64mi	3/2.0	1,552 (-5%)	11mo	$250,000	$161	49
789 N Edgewood Ave	0.51mi	4/1.0 (+1)	1,494 (-8%)	10mo	$130,000	$87	49

Match score weights: distance 35% · size 25% · config 20% · recency 20%. Top-matched comps best support the ARV.

Projected returns pro-forma

-3.0% appreciation · 3.0% rent growth · sell at horizon

5-year hold

• IRR: 18.1%
• Equity multiple: 1.73×
• Total profit: $11,727
• Equity at exit: $8,499

10-year hold

• IRR: 26.6%
• Equity multiple: 3.35×
• Total profit: $37,469
• Equity at exit: $4,928

Cash invested: $15,960 (down + closing). Projections, not guarantees.

Landlord ↔ Tenant lean methodology

• Overall (STATE): 62 Landlord-Friendly
• State Pennsylvania: 62 Landlord-Friendly · EVEN
• County: — inherits STATE
• City: — inherits STATE

10-day notice; Philadelphia has eviction-court diversion + some protections; otherwise moderate.

Methodology + full state rankings →

ZIP-level market 15501

• Home prices YoY: -21.2%
• Active inventory: 98
• Price-to-rent: 4.4×

Monthly cashflow live

• Estimated rent: $1,075 medium
• Mortgage (P&I): −$299
• Tax from tax record: −$199 /mo · $2,387/yr
• Insurance: −$24
• HOA: −$0
• Vacancy / Maint / Mgmt: −$226
• Net cashflow: $328

Break-even live

Break-even rent $660

Max offer price $57,000

Occupancy floor 65%

UW: 25.0% down · 7.5% · 30yr · 1.5% tax · 5.0% vac · 8.0% maint · 8.0% mgmt

Financing live

Cash to close

• Down payment: $14,250
• Closing costs: $1,710
• Reserves months: —
• Total cash needed: —

Rent comps 1 comps

Address	Beds	Baths	Sqft	Rent	$/sqft	DOM	Units	Dist
390 W Race St Somerset, PA	3.0	2.0	1653	$1,075	$0.65	43d	1	0.17mi

Listing history 24 events

1. 2026-03-02
   status Pending
2. 2026-02-13
   soldstatus $48,000 Closed 308-char remark

   Show marketing remark (308 chars)

   2 Story Brick is conveniently located near uptown Somerset, near the Middle and High School, and near the public library. The property has an old furnace that works well, and has gas hot water heat. The roof is only 6-8 years old, and the interior has been freshly painted. The property needs a new bathroom.

3. 2026-02-12
   soldstatus $48,000
4. 2025-12-30
   status Pending 308-char remark

   Show marketing remark (308 chars)

   2 Story Brick is conveniently located near uptown Somerset, near the Middle and High School, and near the public library. The property has an old furnace that works well, and has gas hot water heat. The roof is only 6-8 years old, and the interior has been freshly painted. The property needs a new bathroom.

5. 2025-11-18
   historical Expired
6. 2025-10-31
   price $110,000

   Show marketing remark (308 chars)

   2 Story Brick is conveniently located near uptown Somerset, near the Middle and High School, and near the public library. The property has an old furnace that works well, and has gas hot water heat. The roof is only 6-8 years old, and the interior has been freshly painted. The property needs a new bathroom.

7. 2025-10-31
   price $57,000 308-char remark

   Show marketing remark (308 chars)

   2 Story Brick is conveniently located near uptown Somerset, near the Middle and High School, and near the public library. The property has an old furnace that works well, and has gas hot water heat. The roof is only 6-8 years old, and the interior has been freshly painted. The property needs a new bathroom.

8. 2025-10-31
   price $57,000

   Show marketing remark (308 chars)

   2 Story Brick is conveniently located near uptown Somerset, near the Middle and High School, and near the public library. The property has an old furnace that works well, and has gas hot water heat. The roof is only 6-8 years old, and the interior has been freshly painted. The property needs a new bathroom.

9. 2025-10-31
   price $110,000

   Show marketing remark (308 chars)

   2 Story Brick is conveniently located near uptown Somerset, near the Middle and High School, and near the public library. The property has an old furnace that works well, and has gas hot water heat. The roof is only 6-8 years old, and the interior has been freshly painted. The property needs a new bathroom.

10. 2025-09-16
    price $116,000

    Show marketing remark (308 chars)

    2 Story Brick is conveniently located near uptown Somerset, near the Middle and High School, and near the public library. The property has an old furnace that works well, and has gas hot water heat. The roof is only 6-8 years old, and the interior has been freshly painted. The property needs a new bathroom.

11. 2025-09-16
    price $59,000 308-char remark

    Show marketing remark (308 chars)

    2 Story Brick is conveniently located near uptown Somerset, near the Middle and High School, and near the public library. The property has an old furnace that works well, and has gas hot water heat. The roof is only 6-8 years old, and the interior has been freshly painted. The property needs a new bathroom.

12. 2025-09-16
    price $59,000

    Show marketing remark (308 chars)

    2 Story Brick is conveniently located near uptown Somerset, near the Middle and High School, and near the public library. The property has an old furnace that works well, and has gas hot water heat. The roof is only 6-8 years old, and the interior has been freshly painted. The property needs a new bathroom.

13. 2025-09-16
    price $116,000

    Show marketing remark (308 chars)

    2 Story Brick is conveniently located near uptown Somerset, near the Middle and High School, and near the public library. The property has an old furnace that works well, and has gas hot water heat. The roof is only 6-8 years old, and the interior has been freshly painted. The property needs a new bathroom.

14. 2025-09-02
    listed $63,000 Active

    Show marketing remark (308 chars)

    2 Story Brick is conveniently located near uptown Somerset, near the Middle and High School, and near the public library. The property has an old furnace that works well, and has gas hot water heat. The roof is only 6-8 years old, and the interior has been freshly painted. The property needs a new bathroom.

15. 2025-09-02
    listed $63,000 Active 308-char remark

    Show marketing remark (308 chars)

    2 Story Brick is conveniently located near uptown Somerset, near the Middle and High School, and near the public library. The property has an old furnace that works well, and has gas hot water heat. The roof is only 6-8 years old, and the interior has been freshly painted. The property needs a new bathroom.

16. 2025-08-28
    price $122,000
17. 2025-08-20
    price $122,000
18. 2025-07-03
    price $125,000
19. 2025-07-03
    price $125,000
20. 2025-03-05
    price $129,000
21. 2025-03-05
    price $129,000
22. 2024-11-20
    listed $139,000 Active
23. 2024-11-19
    listed $139,000 Active
24. 1987-04-01
    soldstatus $35,000

ⓘ Source: listings_history table (triggers on properties + properties_extension) + one-shot backfill from property_details.listing_events for pre-trigger history.

Tax reassessment forecast PA · Partial reset (capped growth)

• Current annual tax: $2,387 · $199/mo
• Projected year-2 tax: $2,387 · $199/mo
• Expected delta: $0/yr ($0/mo · 0.0%)

ⓘ Screening estimate from a state-policy table — verify with the county assessor before closing.

Climate risk First Street

• 🌊 Flood 1/10 Low FEMA zone X (unshaded) · 0% chance over 30 yrs
• 🔥 Wildfire 1/10 Low
• 🌡 Heat 3/10 Moderate 7 d/yr ≥89°F today · 18 d/yr by 30 yrs out
• 💨 Wind 2/10 Low
• 🫁 Air quality 2/10 Low 0 unhealthy d/yr today · 1 by 30 yrs out

Taxation est. · year 1

• Rental income: $12,900
• − Mortgage interest: −$3,193
• − Property taxes: −$2,387
• − Insurance: −$285
• − Repairs & maintenance: −$1,032
• − Management: −$1,032
• − Depreciation: −$1,658
• Taxable income: $3,313
• Est. tax owed @ 24.0%: −$795
• After-tax cash flow: $3,137/yr

For passive investors: Depreciation is non-cash, so a rental often shows a tax loss while cash-flowing — sheltering income. Rental losses are passive: they offset passive income freely, and up to $25,000/yr can offset ordinary (W-2) income if you actively participate and your MAGI is under $100k (phasing out to $0 by $150k); unused losses carry forward. On sale, claimed depreciation is recaptured at up to 25%, and gains may owe capital-gains tax (a 1031 exchange can defer both). Figures are a year-1 estimate at your 24.0% rate — not tax advice; consult a CPA.

Schools (NCES district)

• District: Somerset Area SD
• NCES district ID: 4221840
• Math proficiency: 40% ▼ -15.00%
• Reading proficiency: 61% ▼ -12.00%
• Median HH income: $43,226
• Composite: 42.47/100
• National rank: #3216
• State rank: #185 of 539 in PA

Livability — Somerset

• Score: 66/100
• State rank: #1031
• US rank: #11472

Category grades

Amenities F Commute F Cost of living A+ Crime B- Employment D- Housing B+ Health & safety A User ratings F

Schools grade is shown separately in the Schools card above.

Census & demographics

• Census place: Somerset, PA
• Population (ZIP): 16,447

Population outlook (Somerset County) Hauer SSP2

• Today (2025): 71,318 people
• By 2030: 68,555 · -3.9%
• By 2040: 62,447 · -12.4%
• By 2050: 56,437 · -20.9%
• By 2075: 44,453 · -37.7%
• By 2100: 32,408 · -54.6%

Race, ethnicity, and origin ACS 2023

• Neighborhood character: Predominantly White (92%)
• Race & ethnicity: White 92% Black 3% Two or more races 2% Hispanic / Latino 2% Asian 1%
• Common ancestry: Romanian 5% Italian 1% Slovak 1%
• Foreign-born: 1% · China
• Languages at home: 97% English-only · Spanish 1% Chinese 1% Other Indo-European 1%

Political lean MEDSL · Somerset

• 2024 margin: Solid R (+57.2) · D 21.0% · R 78.3%
• 2008→2024 swing: -32.2pp toward R · 2008: -25.0pp · 2024: -57.2pp
• All cycles: 2024: R+57.2 2020: R+56.3 2016: R+55.9 2012: R+42.9 2008: R+25.0

Not yet ingested

• Civics: —

Market trends

• HPI YoY: ▼ -43.42%
• Current HPI: 160.9752
• Rent YoY: —
• Metro: —
• State GDP YoY: ▲ 1.68%
• F500 in state: 34

Industry mix (Fortune 500 HQ in PA)

Industry	F500 HQs	Revenue
▸Healthcare	2	$309B
▸Insurance	2	$27B
▸Telecommunications / Media	1	$124B
▸Industrial Distribution	1	$22B
▸Financial Services	1	$20B
▸Chemicals / Materials	1	$18B

Price history

+37.1% since first listed

24 events — show timeline

• 2026-03-02 Pending — West Penn MLS
• 2026-02-13 Sold (MLS) $48,000 West Penn MLS
• 2026-02-12 Sold (Public Records) $48,000 Public Records
• 2025-12-30 Pending — West Penn MLS
• 2025-11-18 Delisted — West Penn MLS
• 2025-10-31 Price Changed $110,000 West Penn MLS
• 2025-10-31 Price Changed $57,000 West Penn MLS
• 2025-10-31 Price Changed $57,000 West Penn MLS
• 2025-10-31 Price Changed $110,000 CSMLS
• 2025-09-16 Price Changed $116,000 West Penn MLS
• 2025-09-16 Price Changed $59,000 West Penn MLS
• 2025-09-16 Price Changed $59,000 West Penn MLS
• 2025-09-16 Price Changed $116,000 CSMLS
• 2025-09-02 Listed $63,000 West Penn MLS
• 2025-09-02 Listed $63,000 West Penn MLS
• 2025-08-28 Price Changed $122,000 West Penn MLS
• 2025-08-20 Price Changed $122,000 CSMLS
• 2025-07-03 Price Changed $125,000 CSMLS
• 2025-07-03 Price Changed $125,000 West Penn MLS
• 2025-03-05 Price Changed $129,000 CSMLS
• 2025-03-05 Price Changed $129,000 West Penn MLS
• 2024-11-20 Listed $139,000 CSMLS
• 2024-11-19 Listed $139,000 West Penn MLS
• 1987-04-01 Sold (Public Records) $35,000 Public Records

Property tax history

+1.7%/yr

Latest (2026): $2,387 · +2.9% YoY. Source: county tax records.