NOT LISTED FOR SALE

194 Old Main Rd Unit 1-6 North Falmouth, MA 02556

Estimated Value: $1,227,756

4 Beds
6 Baths
4,844 Sq Ft
$253/Sq Ft Est. Value

Last Sold December 30, 2016

Last sale price $595,000 $123 Per Sq Ft

Est. 106% increase in value since last sale

Current estimated payment $7,015/month

282 Days on Market

Highlights

  • Medical Services
  • 1.14 Acre Lot
  • No HOA
  • North Falmouth Elementary School Rated A-
  • Wood Flooring
  • Tennis Courts

About This Home

As of December 2016

Incredible investment opportunity. Six unit business zoned apartment building in sought after village location out of the flood zone. Annual income approximately $61,600 per year. 6 separate natural gas meters for heat and hot water. 7 electric meters includes one extra for common area lighting. Tenants are all tenants at will. Unit 5 (former owner quarters) rents at $950. + Unit # 6 rents for $895. Enjoy the close proximity of the village stores, elementary school, bike path, ball park, playground, library, tennis and beach in this sought after area.

Last Agent to Sell the Property

Matina Heisler

Real Estate Associates Listed on: 03/22/2016

Last Buyer's Agent

Matina Heisler

Real Estate Associates

Property Details

Home Type

  • Multi-Family

Est. Annual Taxes

  • $4,771

Year Built

  • Built in 1840

Lot Details

  • 1.14 Acre Lot
  • Near Conservation Area

Parking

  • 8 Parking Spaces

Home Design

  • Stone Foundation
  • Frame Construction
  • Pitched Roof
  • Asphalt Roof
  • Shingle Siding
  • Plaster

Interior Spaces

  • 4,844 Sq Ft Home
  • 2-Story Property
  • Sheet Rock Walls or Ceilings
  • Partial Basement

Flooring

  • Wood
  • Carpet
  • Vinyl

Outdoor Features

  • Screened Patio

Location

  • Property is near place of worship
  • Property is near shops

Utilities

  • No Cooling
  • Heating Available
  • Gas Water Heater
  • Phone Available
  • Cable TV Available

Listing and Financial Details

  • Tenant pays for electricity, gas
  • Assessor Parcel Number 05A01007002

Community Details

Overview

  • No Home Owners Association
  • 6 Units

Amenities

  • Medical Services

Recreation

  • Tennis Courts
  • Bike Trail

Property Details

Home Type

Multi-Family

Est. Annual Taxes

$4,771

Year Built

Built in 1840

Lot Details

0

Listing Details

  • Has Basement: Bulkhead Access, Partial
  • Property Sub Type: Multi Family
  • Prop. Type: Commercial Sale
  • Lot Size Acres: 1.14
  • Water Body Name: Megansett
  • Directions: Route 28 to exit Rte 151 to N. Falmouth Village south on Old Main Road just past Wild Harbor Road to # 194
  • Garage Yn: No
  • Special Features: None
  • Stories: 2

Interior Features

  • Appliances: Gas Water Heater, Water Heater
  • Number Of Buildings: 1
  • Fireplace: No
  • Flooring: Vinyl, Carpet, Wood

Exterior Features

  • Exterior Features: Yard
  • Lot Features: Bike Path, School, Medical Facility, Major Highway, House of Worship, Shopping, Public Tennis, Conservation Area
  • Waterfront: No
  • Construction Type: Shingle Siding, Plaster, Sheet Rock, Frame
  • Foundation Details: Stone
  • Patio And Porch Features: Screens - Some
  • Roof: Asphalt, Pitched

Garage/Parking

  • Open Parking: No
  • Parking Features: Parking Lot
  • Total Parking Spaces: 8

Utilities

  • Sewer: Septic
  • Cooling: None
  • Gas Company: On Site
  • Utilities: Cable Available, High Speed Internet, Electricity Available, Natural Gas Available, Phone Available
  • Laundry Features: Some Units
  • Green Building Features: Dining Area - Some, Phone - All
  • Cooling Y N: No
  • Heating Yn: Yes
  • Water Source: Public

Condo/Co-op/Association

  • Association: No

Schools

  • Junior High Dist: Falmouth

Lot Info

  • Zoning: b-3,res
  • Current Use: Other
  • Lot Size Sq Ft: 49658
  • Parcel #: 05A01007002
  • ResoLotSizeUnits: Acres

Building Info

  • Year Built: 1840

Rental Info

  • Tenant Pays: Electricity, Gas

Tax Info

  • Tax Year: 2016
  • Tax Annual Amount: 4771

Multi Family

  • Number Of Units Total: 6

Ownership History

Date Name Owned For Owner Type

Purchase Details

Closed on
Jan 14, 2022
Sold by
Bourget-Mendes Cynthia M and Mendes Mark L
Bought by
Mendes 194 Nt
Current Estimated Value
$1,227,756

Purchase Details

Listed on
Mar 22, 2016
Closed on
Dec 30, 2016
Sold by
Neil F Powell Nt
Bought by
Bourget Mendes Cynthia M and Mendes Mark L
Seller's Agent
Matina Heisler
Real Estate Associates
Buyer's Agent
Matina Heisler
Real Estate Associates
List Price
$650,000
Sold Price
$595,000
Premium/Discount to List
-$55,000
-8.46%

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Avg. Annual Appreciation
8.58%
Original Mortgage
$420,000
Interest Rate
3.94%
Mortgage Type
Commercial

Purchase Details

Closed on
Oct 4, 2016
Sold by
Powell Neil F
Bought by
Neil F Powell Nt
Source: Public Records

Range of Values:

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Average Value
Not Available
List Price
Sold Price
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Home Values in the Area

Source: Public Records

Average Home Value in this Area

Source: Public Records

Purchase History

Date Buyer Sale Price Title Company
Mendes 194 Nt -- None Available
Bourget Mendes Cynthia M $595,000 --
Neil F Powell Nt -- --
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Previous Owner Bourget Mendes Cynthia M $420,000
Source: Public Records

Property History

Date Event Price List to Sale Price per Sq Ft
12/30/2016 12/30/16 Sold $595,000 -8.5% $123 / Sq Ft
12/30/2016 12/30/16 Pending -- -- --
03/22/2016 03/22/16 For Sale $650,000 -- $134 / Sq Ft
Source: Cape Cod & Islands Association of REALTORS®

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 $5,992 $1,020,800 $369,800 $651,000
2024 $5,961 $949,200 $323,600 $625,600
2023 $5,754 $831,500 $254,200 $577,300
2022 $6,449 $801,100 $224,100 $577,000
2021 $5,843 $687,400 $205,400 $482,000
2020 $5,727 $666,700 $186,700 $480,000
2019 $5,430 $634,400 $186,700 $447,700
2018 $5,334 $633,000 $186,700 $446,300
2017 $5,089 $596,600 $186,700 $409,900
2016 $4,771 $570,000 $186,700 $383,300
2015 $4,668 $570,000 $186,700 $383,300
2014 $4,513 $553,800 $196,500 $357,300
Source: Public Records

Agents Affiliated with this Home

  • M

    Seller's Agent in 2016

    Matina Heisler

    Real Estate Associates

See All Agents

Map

Source: Cape Cod & Islands Association of REALTORS®

MLS Number: 21602861

Cape Cod & Islands Association of REALTORS®

APN: FALM-000005A-000001-000007-000002

Massachusetts Barnstable County North Falmouth 02556

194 Old Main Rd Unit 1-6, North Falmouth, MA

This home is located at 194 Old Main Rd Unit 1-6, North Falmouth, MA 02556 since 22 March 2016 and is currently estimated at $1,227,756, approximately $253 per square foot. This property was built in 1840. 194 Old Main Rd Unit 1-6 is a home located in Barnstable County with nearby schools including North Falmouth Elementary School, Morse Pond School, and Lawrence School.

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