NOT LISTED FOR SALE

359 Main St Falmouth, MA 02540

Falmouth Village Neighborhood

Estimated Value: $2,287,890

25 Beds
27 Baths
13,588 Sq Ft
$168/Sq Ft Est. Value

Last Sold March 22, 2024

Last sale price $3,200,000 $236 Per Sq Ft

Est. 29% decrease in value since last sale

Current estimated payment $12,911/month

64 Days on Market

Highlights

  • 0.57 Acre Lot
  • Wood Flooring
  • Tankless Water Heater
  • Morse Pond School Rated A-
  • No HOA
  • 3-minute walk to Village Science Playground

About This Home

As of March 2024

This once in a lifetime opportunity is very special. Once known as the Falmouth Hotel, this mixed-use building can be used as a combination of residential and commercial. The location is in the heart of the city, on sewer. Luxury Condominiums? Workforce Housing? Restaurant/Commercial and Residential? This is a well-positioned blank canvas. Take note developers, this is a legacy project that needs renovation. Once developed, this prominent location has the potential to shape the culture of downtown Falmouth as a central location for generations to enjoy.

Last Agent to Sell the Property

Regan Southworth Group

Berkshire Hathaway HomeServices Robert Paul Properties Listed on: 01/09/2024

Last Buyer's Agent

Azarian Team

Kinlin Grover Compass

Property Details

Home Type

  • Multi-Family

Est. Annual Taxes

  • $9,338

Year Built

  • Built in 1890

Lot Details

  • 0.57 Acre Lot

Home Design

  • Stone Foundation
  • Asphalt Roof
  • Clapboard

Interior Spaces

  • 13,588 Sq Ft Home
  • 3-Story Property
  • Interior Basement Entry

Flooring

  • Wood
  • Carpet
  • Laminate
  • Tile

Bedrooms and Bathrooms

  • 25 Bedrooms

Utilities

  • No Cooling
  • Forced Air Heating System
  • Tankless Water Heater

Community Details

  • No Home Owners Association

Listing and Financial Details

  • Assessor Parcel Number 47B 01 013 000

Property Details

Home Type

Multi-Family

Est. Annual Taxes

$9,338

Year Built

Built in 1890

Lot Details

0

Listing Details

  • Has Basement: Bulkhead Access, Interior Entry
  • Property Sub Type: Multi Family
  • Prop. Type: Residential Income
  • Lot Size Acres: 0.57
  • Directions: take route 28 south from bourne bridge. right on palmer, right on main, hotel on right on main section.
  • Architectural Style: Other
  • Garage Yn: No
  • New Construction: No
  • Special Features: None
  • Stories: 3

Interior Features

  • Appliances: Electric Water Heater, Tankless Water Heater
  • Total Bedrooms: 25
  • Full Bathrooms: 23
  • Half Bathrooms: 4
  • Fireplace: No
  • Flooring: Hardwood, Carpet, Tile, Laminate, Wood

Exterior Features

  • Exterior Features: None
  • Waterfront: No
  • Home Warranty: No
  • Construction Type: Clapboard
  • Foundation Details: Stone
  • Property Condition: Actual
  • Roof: Asphalt

Utilities

  • Sewer: Public Sewer
  • Cooling: None
  • Heating: Forced Air
  • Cooling Y N: No
  • Heating Yn: Yes
  • Water Source: Public

Condo/Co-op/Association

  • Association: No

Schools

  • Junior High Dist: Falmouth

Lot Info

  • Zoning: B2
  • Lot Size Sq Ft: 24799
  • Parcel #: 47B 01 013 000
  • ResoLotSizeUnits: Acres

Building Info

  • Year Built: 1890

Tax Info

  • Tax Year: 2024
  • Tax Annual Amount: 9338.42
  • Tax Book Number: 12989

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
Jan 9, 2024
Closed on
Mar 22, 2024
Sold by
Fbp Associates Inc
Bought by
Main Street 359 Llc
Seller's Agent
Regan Southworth Group
Berkshire Hathaway HomeServices Robert Paul Properties
Buyer's Agent
Azarian Team
Kinlin Grover Compass
List Price
$3,200,000
Sold Price
$3,200,000
Views
212
Current Estimated Value
$2,287,890

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
-$912,110

Purchase Details

Closed on
May 4, 2000
Sold by
Filippone Anthony
Bought by
Fbp Assocs Inc
Source: Public Records

Range of Values:

--
Value Increase
--
Percent Increase
--
Adjusted for Inflation
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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
Main Street 359 Llc $3,200,000 None Available
Main Street 359 Llc $3,200,000 None Available
Main Street 359 Llc $3,200,000 None Available
Fbp Assocs Inc $602,500 --
Fbp Assocs Inc $602,500 --
Source: Public Records

Property History

Date Event Price List to Sale Price per Sq Ft
03/22/2024 03/22/24 Sold $3,200,000 0.0% $236 / Sq Ft
03/14/2024 03/14/24 Pending -- -- --
01/09/2024 01/09/24 For Sale $3,200,000 -- $236 / 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 $10,365 $1,765,700 $630,000 $1,135,700
2024 $9,066 $1,443,700 $572,000 $871,700
2023 $8,805 $1,272,400 $497,400 $775,000
2022 $9,347 $1,161,100 $422,800 $738,300
2021 $9,120 $1,072,900 $402,900 $670,000
2020 $9,050 $1,053,600 $402,900 $650,700
2019 $8,731 $1,020,000 $402,900 $617,100
2018 $8,600 $1,000,000 $391,300 $608,700
2017 $8,195 $960,700 $381,300 $579,400
2016 $8,041 $960,700 $381,300 $579,400
2015 $7,833 $956,400 $381,300 $575,100
2014 $7,546 $925,900 $353,500 $572,400
Source: Public Records

Agents Affiliated with this Home

  • R

    Seller's Agent in 2024

    Regan Southworth Group

    Berkshire Hathaway HomeServices Robert Paul Properties

  • A

    Buyer's Agent in 2024

    Azarian Team

    Kinlin Grover Compass

See All Agents

Map

Source: Cape Cod & Islands Association of REALTORS®

MLS Number: 22400068

Cape Cod & Islands Association of REALTORS®

APN: FALM-000047B-000001-000013

Massachusetts Barnstable County Falmouth 02540 Falmouth Village

359 Main St, Falmouth, MA

Not Listed for Sale

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