NOT LISTED FOR SALE

Estimated Value: $705,000 - $910,000

4 Beds
3 Baths
1,618 Sq Ft
$503/Sq Ft Est. Value

Last Sold April 07, 2021

Last sale price $525,000 $324 Per Sq Ft

Est. 55% increase in value since last sale

Current estimated payment $4,649/month

23 Days on Market

Highlights

  • Property is near a marina
  • Medical Services
  • Wood Flooring
  • Morse Pond School Rated A-
  • Contemporary Architecture
  • No HOA

About This Home

As of April 2021

Own an income producing Multi-Family 4 bedroom/3 bath home in downtown Falmouth. Wonderful location 1/4 mile to Falmouth Marina & all the amenities Falmouth has to offer including shopping, restaurants, coffee shops, schools, etc. Less than a mile to Surf Dr Beach. 1st floor unit features 3 bed/2 bath with a huge front facing living/dining room which opens to the kitchen. Great porch to enjoy during the warmer months for morning coffee or afternoon relaxation. Master bedroom with private 3/4 bath. 2nd floor unit features 1 bedroom/1 bath with light & bright spacious living room opening to the kitchen/dining area. Full basement, separate gas heat, separate hot water heaters & electric per unit, attic space for additional storage & quiet dead end private street location make this the perfect investment property! 2 y/o roof, TLC & cosmetic updates needed to bring this property to it's original glory. Passing Title V. Buyer/Buyer's agent to verifying all info contained herein.

Last Agent to Sell the Property

Mary Tynell

Keller Williams Realty License #9060545 Listed on: 01/31/2021

Keller Williams Realty

Last Buyer's Agent

Laurie-Ann Webster

Today Real Estate License #9563666

Property Details

Home Type

  • Multi-Family

Est. Annual Taxes

  • $3,225

Year Built

  • Built in 1940

Lot Details

  • 0.26 Acre Lot
  • Lot Dimensions are 87 x 131
  • Property fronts a private road
  • Dirt Road
  • Street terminates at a dead end
  • Level Lot

Home Design

  • Contemporary Architecture
  • Block Foundation
  • Pitched Roof
  • Asphalt Roof
  • Shingle Siding
  • Vinyl Siding
  • Concrete Perimeter Foundation

Interior Spaces

  • 1,618 Sq Ft Home
  • 2-Story Property
  • Built-In Features
  • Dining Area
  • Electric Range
  • Washer Hookup

Flooring

  • Wood
  • Wall to Wall Carpet
  • Laminate
  • Tile
  • Vinyl

Bedrooms and Bathrooms

  • 4 Bedrooms
  • Walk-In Closet
  • 3 Full Bathrooms

Basement

  • Basement Fills Entire Space Under The House
  • Partial Basement
  • Interior Basement Entry
  • Crawl Space

Parking

  • 2 Parking Spaces
  • Paved Parking
  • Open Parking

Outdoor Features

  • Property is near a marina
  • Porch

Location

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

Utilities

  • No Cooling
  • Forced Air Heating System
  • Furnace
  • Gas Water Heater
  • Septic Tank

Community Details

  • No Home Owners Association
  • Medical Services

Listing and Financial Details

  • Total Actual Rent $3,200
  • The owner pays for water
  • Assessor Parcel Number 47B 05 025A 000B

Property Details

Home Type

Multi-Family

Est. Annual Taxes

$3,225

Year Built

Built in 1940

Lot Details

0

Listing Details

  • Has Basement: Full, Partial, Interior Entry, Crawl Space
  • Property Sub Type: 2 Family
  • Prop. Type: Residential Income
  • Lot Size Acres: 0.26
  • Lot Size: 87 x 131
  • Road Frontage Type: Dead End Street, Private Road
  • Road Surface Type: Dirt
  • Directions: Main St to Nye Rd to Wright Way or Queen to Nye to Wright Way
  • Architectural Style: Contemporary
  • Carport Y N: No
  • Garage Yn: No
  • New Construction: No
  • Special Features: None
  • Stories: 2

Interior Features

  • Appliances: Gas Water Heater, Electric Water Heater, Water Heater, Electric Range, Refrigerator
  • Total Bedrooms: 4
  • Interior Amenities: Walk-In Closet(s), HU Cable TV, Built-in Features, Dining Area, Walk-in Closet
  • Owner Pays: Water
  • Full Bathrooms: 3
  • Entry Location: Unit 1: First Floor,Unit 1: Street Level,Unit 2: Second Floor
  • Fireplace: No
  • Flooring: Vinyl, Carpet, Tile, Laminate, Wood, Wall to Wall, Wood Floor, Vinyl Floor, Tile Floor
  • Main Level Bathrooms: 2

Exterior Features

  • Exterior Features: Yard
  • Lot Features: In Town Location, School, Medical Facility, House of Worship, Shopping, Marina, Level, South of Route 28
  • Waterfront: No
  • Home Warranty: No
  • Construction Type: Shingle Siding, Vinyl/Aluminum
  • Foundation Details: Block, Concrete Perimeter
  • Patio And Porch Features: Porch
  • Property Condition: Approximate
  • Roof: Asphalt, Pitched

Garage/Parking

  • Open Parking: Yes
  • Parking Features: Paved
  • Total Parking Spaces: 2

Utilities

  • Sewer: Septic Tank
  • Cooling: None
  • Heating: Forced Air, Furnace, Electric Stove
  • Gas Company: Gas Meter
  • Laundry Features: Washer Hookup, Electric Dryer Hookup
  • Cooling Y N: No
  • Heating Yn: Yes
  • Water Source: Public

Condo/Co-op/Association

  • Association: No

Schools

  • Junior High Dist: Falmouth

Lot Info

  • Zoning: GR
  • Lot Size Sq Ft: 11326
  • Parcel #: 47B 05 025A 000B
  • ResoLotSizeUnits: Acres

Building Info

  • Year Built: 1940

Tax Info

  • Tax Year: 2020
  • Tax Annual Amount: 3225
  • Tax Book Number: 13125-0036

Multi Family

  • Total Actual Rent: 3200

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
Jan 31, 2021
Closed on
Apr 7, 2021
Sold by
Brown Edward B and Brown Elaine C
Bought by
Hayes Michael W and Hayes Donna M
Seller's Agent
Mary Tynell
Keller Williams Realty
Buyer's Agent
Laurie-Ann Webster
Today Real Estate
List Price
$599,000
Sold Price
$525,000
Premium/Discount to List
-$74,000
-12.35%
Current Estimated Value
$813,718

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$288,718
Avg. Annual Appreciation
10.23%
Original Mortgage
$393,750
Outstanding Balance
$354,935
Interest Rate
2.9%
Mortgage Type
Purchase Money Mortgage
Estimated Equity
$458,783

Purchase Details

Closed on
Jul 12, 2000
Sold by
Mcghee John and Mcghee Sandra
Bought by
Brown Edward B and Brown Elaine C

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$199,920
Interest Rate
8.5%
Mortgage Type
Purchase Money Mortgage

Purchase Details

Closed on
Jun 27, 1997
Sold by
Hart Harold and Falco Josephine
Bought by
Mcghee John and Mcghee Sandra

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$96,300
Interest Rate
7.81%
Mortgage Type
Purchase Money Mortgage
Source: Public Records

Range of Values:

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Average Value
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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
Hayes Michael W $525,000 None Available
Hayes Michael W $525,000 None Available
Brown Edward B $249,900 --
Brown Edward B $249,900 --
Mcghee John $107,000 --
Mcghee John $107,000 --
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Open Hayes Michael W $393,750
Closed Hayes Michael W $393,750
Previous Owner Mcghee John $199,920
Previous Owner Mcghee John $96,300
Source: Public Records

Property History

Date Event Price List to Sale Price per Sq Ft
04/07/2021 04/07/21 Sold $525,000 -12.4% $324 / Sq Ft
02/26/2021 02/26/21 Pending -- -- --
02/02/2021 02/02/21 For Sale $599,000 -- $370 / 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 $3,814 $649,800 $304,000 $345,800
2024 $3,695 $588,400 $277,100 $311,300
2023 $3,705 $535,400 $277,100 $258,300
2022 $3,830 $475,800 $215,800 $260,000
2021 $3,992 $469,600 $215,800 $253,800
2020 $3,226 $375,500 $196,200 $179,300
2019 $3,147 $367,600 $196,200 $171,400
2018 $3,033 $353,800 $196,200 $157,600
2017 $2,900 $340,000 $196,200 $143,800
2016 $2,796 $334,100 $196,200 $137,900
2015 $2,707 $330,500 $196,200 $134,300
2014 $2,603 $319,400 $196,200 $123,200
Source: Public Records

Agents Affiliated with this Home

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Map

Source: Cape Cod & Islands Association of REALTORS®

MLS Number: 22100450

Cape Cod & Islands Association of REALTORS®

APN: FALM-000047B-000005-000025A-000000-B