$1,175,000
SOLD MAY 30, 2025
2 Beds
2.5 Baths
1,338 Sq Ft
$811/mo HOA Fee

Recently Sold

$878 Per Sq Ft

9% Below List Price

105 Days on Market

Highlights

  • Property is near a marina
  • Wood Flooring
  • Landscaped
  • Morse Pond School Rated A-
  • Property is near shops
  • Central Air

About This Home

As of May 2025

Set along the shores of Falmouth Heights, this exquisite 2 bed, 2.5 bath condo embodies coastal elegance with breathtaking views of the Sound overlooking Martha's Vineyard. Park in the lower-level garage and ride the elevator up to your door. Enter into the open living / dining room and adjacent renovated kitchen complete with white cabinetry, stainless appliances, sleek Quartz countertops and a breakfast bar for casual dining. The ocean breeze drifts through the open sliders and natural light floods the space granting stunning vistas of the blue waters beyond. The expansive 40' deck provides a prime viewing spot for the 4th of July fireworks and the Falmouth Road Race. The 2 bedrooms are havens of comfort and relaxation, each with its own access to the deck. Imagine waking up to the sun rising over the horizon or falling asleep to the soothing sound of waves splashing below. The 2 full en suite baths are elegantly designed. In unit laundry and a guest half bath complete this space. Terrace Gables, set on an acre atop Falmouth Heights, has a Gunite pool, ample guest parking, and is conveniently located near Falmouth Heights Beach, restaurants, and the Falmouth Yacht Club. No pets.

Last Agent to Sell the Property

Kerry Duggan

Ermine Lovell Real Estate, LLC License #9586830 Listed on: 01/16/2025

Co-Listed By

Patricia Dillon

Ermine Lovell Real Estate, LLC License #9051886

Last Buyer's Agent

Member Non

cci.unknownoffice

Property Details

Home Type

  • Condominium

Est. Annual Taxes

  • $6,124

Year Built

  • Built in 1989 | Remodeled

HOA Fees

  • $811 Monthly HOA Fees

Parking

  • 1 Car Garage

Interior Spaces

  • 1,338 Sq Ft Home
  • 1-Story Property

Flooring

  • Wood
  • Tile

Bedrooms and Bathrooms

  • 2 Bedrooms

Location

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

Utilities

  • Central Air
  • Heating Available
  • Electric Water Heater
  • Septic Tank

Additional Features

  • Property is near a marina
  • Landscaped

Listing and Financial Details

  • Assessor Parcel Number 46B 08 001 011AU

Community Details

Overview

  • Association fees include reserve funds
  • 21 Units

Recreation

  • Snow Removal

Property Details

Home Type

Condominium

Est. Annual Taxes

$6,124

Year Built

Built in 1989 | Remodeled

Lot Details

0

HOA Fees

$811 per month

Parking

1

Listing Details

  • Property Sub Type: Condominium
  • Prop. Type: Residential
  • Road Frontage Type: Public
  • Road Surface Type: Paved
  • Co List Office Mls Id: LOVE
  • Co List Office Phone: 508-548-0703
  • Ownership: Condo
  • Directions: Rt. 28 to Falmouth Heights Rd. Left on Grand Ave. Slight right on Manchester Ave. Right on Forest Ave. Left on Quinapoxet Ave. Guest parking lot on right.
  • Building Name: Terrace Gables
  • Carport Y N: No
  • Garage Yn: Yes
  • New Construction: No
  • Property Attached Yn: Yes
  • Structure Type: Flat
  • Special Features: None
  • Stories: 1

Interior Features

  • Appliances: Electric Water Heater
  • Total Bedrooms: 2
  • Full Bathrooms: 2
  • Half Bathrooms: 1
  • Entry Location: Middle Level
  • Fireplace: No
  • Flooring: Hardwood, Tile

Exterior Features

  • Lot Features: Marina, House of Worship, Shopping, South of Route 28
  • Pool Private: No
  • Waterfront: No
  • Home Warranty: No
  • Property Condition: Updated/Remodeled, Actual

Garage/Parking

  • Attached Garage: No
  • Garage Spaces: 1
  • Open Parking: No
  • Total Parking Spaces: 2

Utilities

  • Sewer: Septic Tank
  • Cooling: Central Air
  • Cooling Y N: Yes
  • Heating Yn: Yes

Condo/Co-op/Association

  • Amenities: Maintenance Structure, Snow Removal, Pool, Landscaping
  • Association Fee: 811
  • Association Fee Frequency: Monthly
  • Association: Yes

Fee Information

  • Association Fee Includes: Reserve Funds

Schools

  • Junior High Dist: Falmouth

Lot Info

  • Zoning: R
  • Land Lease: No
  • Parcel #: 46B 08 001 011AU

Building Info

  • Year Built: 1989

Tax Info

  • Tax Year: 2024
  • Tax Annual Amount: 6124
  • Tax Book Number: 35781

Multi Family

  • Number Of Units In Community: 21

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
Jan 16, 2025
Closed on
May 12, 2025
Sold by
Schepis Joseph A and Schepis Margaret
Bought by
Jacobs Donald and Jacobs Paula
Seller's Agent
Kerry Duggan
Ermine Lovell Real Estate, LLC
Buyer's Agent
Member Non
cci.unknownoffice
List Price
$1,295,000
Sold Price
$1,175,000
Premium/Discount to List
-$120,000
-9.27%
Views
58

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Avg. Annual Appreciation
87.18%

Purchase Details

Closed on
Aug 13, 2019
Sold by
Teller David F and Teller Judith G
Bought by
David F Teller Jr Ft and Teller

Purchase Details

Closed on
May 14, 2018
Sold by
Quinapoxet Avenue T and Quinapoxet Barron
Bought by
Teller David F and Teller Judith G

Purchase Details

Closed on
Aug 2, 2011
Sold by
Hamm Robert A and Hamm Theresa M
Bought by
Quinapoxet Avenue T and Quinapoxet Barron

Purchase Details

Closed on
Oct 16, 2001
Sold by
Picone Robert
Bought by
Hamm Robert A and Hamm Theresa M

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$568,000
Interest Rate
6.93%
Mortgage Type
Purchase Money Mortgage

Purchase Details

Closed on
Dec 15, 1995
Sold by
J H Williams Rt and Williams
Bought by
Picone Robert A

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$125,000
Interest Rate
7.43%
Mortgage Type
Purchase Money Mortgage

Purchase Details

Closed on
Jan 12, 1990
Sold by
Harborside Falmouth
Bought by
Williams James H
Source: Public Records

Similar Homes in the area

  • 286 Grand Ave Unit 4, Falmouth, MA 02540

    $1,445,000

    • 1 Bed
    • 1.5 Baths
    • 1,551 Sq Ft
    • 286 Grand Ave
    • Unit 4
    • Falmouth, MA

    Unit 4 is an oversized one bedroom with an ideal layout for living with an ocean breeze at all times! Amongst the most cherished properties in Falmouth Heights, The Casino Wharf Residences offer timeless connection to Vineyard Sound and the best of Cape Cod living. The beachfront jewel offers residents with a private beach oasis, surrounded by open grassy fields, shimmering water views, and

    William Senne Senne

    Section Image
  • 480 Main St Unit 1, Falmouth, MA 02540

    $955,000

    • 3 Beds
    • 2.5 Baths
    • 2,222 Sq Ft
    • 480 Main St
    • Unit 1
    • Falmouth, MA

    Steps from the charm and culture of Main Street, yet offering the privacy and presence of a standalone home, 480 Main Street Unit 1 is a masterfully restored residence immersed in the heart of Falmouth Village. Designed for those who appreciate architectural integrity and effortless living, this three-level home lives like a private retreat--paired with the low-maintenance benefits of condominium

    Guthrie Schofield Group Berkshire Hathaway HomeServices Robert Paul Properties

    Section Image
  • 533 Woods Hole Rd Unit E202, Falmouth, MA 2543

    $1,325,000

    • 2 Beds
    • 2.5 Baths
    • 1,466 Sq Ft
    • 533 Woods Hole Rd
    • Unit E202
    • Falmouth, MA

    Walk to Woods Hole Village - Construction Pricing! Luxury Townhome within walking distance to Woods Hole Village - Ready Late 2025. Welcome home to Lighthouse Station at Woods Hole, a 55+ community perched on 5.3 acres overlooking Little Harbor & Vineyard Sound. Enjoy this lovely, 1466+ SF 2 bedroom/2.5 bath one-level unit on the 2nd story overlooking a quiet, wooded neighborhood. This unit

    Mark Bogosian Waterside Real Estate LLC

    Section Image
  • 213 N Falmouth Hwy Unit 5A, North Falmouth, MA 02556

    $1,050,000

    • 3 Beds
    • 2.5 Baths
    • 1,856 Sq Ft
    • 213 N Falmouth Hwy
    • Unit 5A
    • North Falmouth, MA

    Sophistication Meets Comfort in New Construction! Welcome to Wild Harbor Condominiums--a thoughtfully designed 16-unit duplex community nearing completion in a prime coastal setting. Ideally located near picturesque Old Silver Beach, the Shining Sea Bikeway, and charming North Falmouth Village, this development offers a perfect blend of elegance and accessibility, just minutes from the Bourne

    Kerrie Marzot Sotheby's International Realty

    Section Image
  • 213 N Falmouth Hwy Unit 5B, North Falmouth, MA 02556

    $1,050,000

    • 3 Beds
    • 2.5 Baths
    • 1,856 Sq Ft
    • 213 N Falmouth Hwy
    • Unit 5B
    • North Falmouth, MA

    Sophistication Meets Comfort in New Construction! Welcome to Wild Harbor Condominiums--a thoughtfully designed 16-unit duplex community nearing completion in a prime coastal setting. Ideally located near picturesque Old Silver Beach, the Shining Sea Bikeway, and charming North Falmouth Village, this development offers a perfect blend of elegance and accessibility, just minutes from the Bourne

    Kerrie Marzot Sotheby's International Realty

    Section Image

Range of Values:

Collateral Analytics

Collateral Analytics Collateral Analytics AVMs (Automated Valuation Model) employ a number of statistical approaches combined with neighborhood-specific comparable selection guarantees the most up-to-date and precise valuations.

Not Available

Collateral Analytics does not have data for the current month. Please view the chart for historical values.

ICE

ICE Mortgage Technology ICE Mortgage Technology’s AVM (Automated Valuation Model) is a state-of-the-art online residential property valuation tool that provides a quick and accurate estimate of the value of almost any home in the U.S.

Not Available

ICE Mortgage Technology does not have data for the current month. Please view the chart for historical values.

First American

First American First American Data & Analytics’ next-generation AVM combines unrivaled data assets with a blended ensemble of valuation models to produce highly accurate, reliable valuations you can trust.

Not Available

First American does not have data for the current month. Please view the chart for historical values.

Quantarium

Quantarium Quantarium’s valuation service, repeatedly proven the industry’s most accurate and comprehensive, is supercharged with a self-learning and auto-tuning AI engine that continually becomes smarter and more accurate as it processes daily inputs from the industry’s leading RE data lake.

Not Available

Quantarium does not have data for the current month. Please view the chart for historical values.

Average Value
Not Available
List Price
Sold Price
Create a Home Valuation Report for This Property
The Home Valuation Report is an in-depth analysis detailing your home's value as well as a comparison with similar homes in the area

Home Values in the Area

Source: Public Records

Average Home Value in this Area





Source: Public Records

Purchase History

Date Type Sale Price Title Company
Deed $1,175,000 None Available
Deed $1,175,000 None Available
Quit Claim Deed -- --
Deed $565,000 --
Deed $565,000 --
Deed $550,000 --
Deed $550,000 --
Deed $710,000 --
Deed $710,000 --
Deed $250,000 --
Deed $250,000 --
Deed $400,000 --
Deed $400,000 --
Source: Public Records

Mortgage History

Date Status Loan Amount Loan Type
Previous Owner $568,000 Purchase Money Mortgage
Previous Owner $125,000 Purchase Money Mortgage
Source: Public Records

Property History

Date Event Price Change Sq Ft Price
05/30/2025 05/30/25 Sold $1,175,000 -9.3% $878 / Sq Ft
05/01/2025 05/01/25 Pending -- -- --
01/16/2025 01/16/25 For Sale $1,295,000 +3.2% $968 / Sq Ft
05/12/2023 05/12/23 Sold $1,255,000 +9.1% $938 / Sq Ft
04/03/2023 04/03/23 Pending -- -- --
04/01/2023 04/01/23 For Sale $1,150,000 -- $859 / 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
2024 $6,124 $975,200 $0 $975,200
2023 $4,039 $583,700 $0 $583,700
2022 $4,433 $550,700 $0 $550,700
2021 $4,480 $527,100 $0 $527,100
2020 $4,528 $527,100 $0 $527,100
2019 $4,343 $507,400 $0 $507,400
2018 $4,320 $482,900 $0 $482,900
2017 $4,276 $501,300 $0 $501,300
2016 $4,196 $501,300 $0 $501,300
2015 $4,106 $501,300 $0 $501,300
2014 $4,191 $514,200 $0 $514,200
Source: Public Records

Agents Affiliated with this Home

See All Agents

Map

Source: Cape Cod & Islands Association of REALTORS®

MLS Number: 22500187

Cape Cod & Islands Association of REALTORS®

APN: FALM-000046B-000008-000001-000011-AU