NOT LISTED FOR SALE

511 Ocean St Hyannis, MA 2601

Estimated Value: $957,453

4 Beds
5 Baths
2,700 Sq Ft
$355/Sq Ft Est. Value

Last Sold June 28, 2022

Last sale price $780,000 $289 Per Sq Ft

Est. 23% increase in value since last sale

Current estimated payment $5,555/month

34 Days on Market

Highlights

  • Property is near a marina
  • Cape Cod Architecture
  • No HOA
  • Medical Services
  • 2 Fireplaces
  • 3-minute walk to Aselton Park

About This Home

As of June 2022

Location Location Location are what this 'Lodging House' has to offer. This home has 4 beds and 5 baths which are separated into 4 studio suites that are independently leased plus a possible owner's suite in basement with Bed and Bath. There is a shared kitchen in the basement, but each unit has a microwave, refrigerator, toaster oven and coffee pot. Flood insurance will be required by a bank. There is currently no flood insurance on the property. All utilities are included in the monthly rents.

Last Agent to Sell the Property

Annie Hart Cool Team

Sotheby's International Realty Listed on: 03/30/2022

Last Buyer's Agent

John Cotton

Sotheby's International Realty License #89182

Sotheby's International Realty

Property Details

Home Type

  • Multi-Family

Est. Annual Taxes

  • $5,454

Year Built

  • Built in 1962

Lot Details

  • 6,970 Sq Ft Lot
  • Level Lot

Home Design

  • Cape Cod Architecture
  • Pitched Roof
  • Asphalt Roof
  • Shingle Siding
  • Concrete Perimeter Foundation

Interior Spaces

  • 2,700 Sq Ft Home
  • 2-Story Property
  • 2 Fireplaces
  • Laminate Flooring

Kitchen

  • Electric Range
  • Freezer
  • Dishwasher

Bedrooms and Bathrooms

  • 4 Bedrooms
  • 5 Full Bathrooms

Basement

  • Walk-Out Basement
  • Basement Fills Entire Space Under The House

Parking

  • Paved Parking
  • Open Parking
  • Off-Street Parking

Outdoor Features

  • Property is near a marina
  • Outbuilding

Location

  • Property is near shops and worship

Utilities

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

Community Details

  • No Home Owners Association
  • Medical Services

Listing and Financial Details

  • Total Actual Rent $5,100
  • The owner pays for gas, water, sewer, heat, electricity
  • Assessor Parcel Number 324049

Property Details

Home Type

Multi-Family

Est. Annual Taxes

$5,454

Year Built

Built in 1962

Lot Details

0

Listing Details

  • Has Basement: Walk-Out Access, Full
  • Property Sub Type: Multi Family
  • Prop. Type: Residential Income
  • Lot Size Acres: 0.16
  • Road Frontage Type: Public
  • Road Surface Type: Paved
  • Directions: south street to ocean
  • Architectural Style: Cape
  • Carport Y N: No
  • Garage Yn: No
  • New Construction: No
  • Special Features: None
  • Stories: 2

Interior Features

  • Appliances: Gas Water Heater, Water Heater, Dishwasher, Refrigerator, Electric Range, Freezer
  • Total Bedrooms: 4
  • Owner Pays: Gas, Water, Sewer, Heat, Electricity
  • Full Bathrooms: 5
  • Fireplaces: 2
  • Fireplace: Yes
  • Flooring: Laminate

Exterior Features

  • Exterior Features: Yard
  • Lot Features: Marina, School, Medical Facility, Major Highway, House of Worship, Shopping, Level, South of 6A
  • Waterfront: No
  • Home Warranty: No
  • Construction Type: Shingle Siding
  • Foundation Details: Concrete Perimeter
  • Other Structures: Outbuilding
  • Property Condition: Actual
  • Roof: Asphalt, Pitched

Garage/Parking

  • Open Parking: Yes
  • Parking Features: Off Street, Paved

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: Barnstable

Lot Info

  • Zoning: RB
  • Lot Size Sq Ft: 6970
  • Parcel #: 324049
  • ResoLotSizeUnits: Acres

Building Info

  • Year Built: 1962

Tax Info

  • Tax Year: 2022
  • Tax Annual Amount: 5454
  • Tax Book Number: D1360593

Multi Family

  • Total Actual Rent: 5100

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
Mar 30, 2022
Closed on
Jun 28, 2022
Sold by
Walker Sandra L
Bought by
Everest 599 Rathun St Llc
Seller's Agent
Annie Hart Cool Team
Sotheby's International Realty
Buyer's Agent
John Cotton
Sotheby's International Realty
List Price
$749,000
Sold Price
$780,000
Premium/Discount to List
$31,000
4.14%
Current Estimated Value
$957,453

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$177,453
Avg. Annual Appreciation
5.94%
Original Mortgage
$600,000
Outstanding Balance
$568,611
Interest Rate
5.3%
Mortgage Type
Purchase Money Mortgage
Estimated Equity
$388,842

Purchase Details

Closed on
Apr 23, 1999
Sold by
Dempsey Marie T
Bought by
Walker Sandra Lee and Walker James M

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$177,500
Interest Rate
7.02%
Mortgage Type
Commercial

Purchase Details

Closed on
Apr 11, 1996
Sold by
Secured Capital Corp
Bought by
Dempsey Marie T
Source: Public Records

Range of Values:

--
Value Increase
--
Percent Increase
--
Adjusted for Inflation
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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
Everest 599 Rathun St Llc $800,000 None Available
Walker Sandra Lee $192,500 --
Walker Sandra Lee $192,500 --
Dempsey Marie T $82,000 --
Dempsey Marie T $82,000 --
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Open Everest 599 Rathun St Llc $600,000
Previous Owner Walker Sandra Lee $177,500
Source: Public Records

Property History

Date Event Price List to Sale Price per Sq Ft
06/28/2022 06/28/22 Sold $780,000 +4.1% $289 / Sq Ft
05/04/2022 05/04/22 Pending -- -- --
03/30/2022 03/30/22 For Sale $749,000 -- $277 / 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 $6,588 $710,700 $282,200 $428,500
2024 $5,845 $645,900 $282,200 $363,700
2023 $6,153 $642,900 $279,200 $363,700
2022 $5,335 $461,100 $178,900 $282,200
2021 $5,356 $449,700 $190,000 $259,700
2020 $4,568 $370,500 $167,700 $202,800
2019 $4,494 $357,200 $177,000 $180,200
2018 $4,100 $333,300 $176,500 $156,800
2017 $3,967 $330,900 $181,400 $149,500
2016 $4,010 $341,900 $192,400 $149,500
2015 $3,894 $336,600 $178,800 $157,800
Source: Public Records

Agents Affiliated with this Home

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Map

Source: Cape Cod & Islands Association of REALTORS®

MLS Number: 22201329

Cape Cod & Islands Association of REALTORS®

APN: HYAN-000324-000000-000049