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481 Commercial Street Unit 1, Provincetown MA 02657

Provincetown, MA 02657
$1,210,000
Est. $8,089/month
1
Beds
2
Baths
1,131
Sq Ft
$1,070
Price/Sq Ft
1950
Year Built
198
Days on Market
Closed Listed Apr 24, 2024 • MLS# 73228148 Copied!

About this home

FREE-STANDING, WATERFRONT COTTAGEThis rarely available, free-standing, waterfront cottage is located in Provincetown’s East End Gallery District. The 1,131 SF condo provides 1 BR, large den, 2 full baths, gas fireplace, 1 parking, in-unit washer & dryer, exclusive deck and an excellent rental history, making it an ideal getaway home or investment.The recently upgraded kitchen extends into the open living & dining area with a fireplace and water views. The large den has a sliding glass doors leading to the 31’ long exclusive deck.Condo fees have proven to be an excellent value as they include on-site concierge-level management, complete rental services, cleanings, flood & master insurance, common electric, water, gardening, maintenance and reserves. This is ideal for owners who want their home managed worry-free.Pets allowed. Offered furnished.The 2023 net rental income was $42K and expect $50K in 2024. Seller welcomes offers with requests for buyer concessions.

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Property Overview

Property Type
Condominium
Listing Type
For Sale
Year Built
1950
Bedrooms
1
Full Bathrooms
2
Living Area
1,131 sq ft
Total Rooms
3
Stories
1
Entry Level
1

Sale Statistics

Sale Overview
Original List Price: $1,495,000
Final Sale Price: $1,210,000
Difference: $285,000 (-19.1%)
Performance Metrics
80.9%
List to Sale Ratio
Sold below asking price
198
Days on Market
Extended listing
Price per Square Foot Analysis
Original $/sq ft: $1,322
Sale $/sq ft: $1,070
This property sold for $1,070 per square foot
Sale Summary

This property sold for 19.1% below the original asking price.

At 198 days on market, this property took longer than average to sell.

Nearby Sales Comparison

Based on 4 similar properties sold within 0.5 miles in the last 90 days

This Property
$1,070/sq ft
Area Average
$1,560/sq ft
Difference
31.4%

This property sold below the area average, potentially representing good value for the buyer.

Facts & Features

Home Facts

Type Residential
Style Condominium
Year Built 1950
Living Area 1,131 sq ft
Bedrooms 1
Full Baths 2
Total Rooms 3

Interior

Heating Electric Baseboard, Electric, Wall Furnace, Propane
Cooling Wall Unit(s), Ductless
Flooring Wood, Carpet, Vinyl / Vct
Appliances Range, Dishwasher, Microwave, Refrigerator, Freezer, Washer, Dryer
Fireplace None
Fireplaces 1
Basement N
Laundry In Unit
Features None

Exterior

Construction None
Architecture None
Roof Rubber
Features Deck - Wood
Pool None
Spa None
Fencing None
Patio/Porch Deck - Wood

Parking

Features Assigned
Total Spaces 1

Utilities

Electric None
Water Public
Sewer Public Sewer
Gas None
Other None

Financial

Annual Tax $6,031
Assessed Value $1,081,000

Interior Features

Flooring: Wood, Carpet, Vinyl / VCT
Appliances: Range, Dishwasher, Microwave, Refrigerator, Freezer, Washer, Dryer
Interior Features:
Windows:
Basement: N
Laundry: In Unit
Security:

Construction & Materials

Year Built: 1950
Structure Type: Detached
Exterior Materials:
Roof: Rubber
Foundation:
Stories: 1

Heating, Cooling & Utilities

Heating: Electric Baseboard, Electric, Wall Furnace, Propane
Cooling: Wall Unit(s), Ductless
Hot Water:
Water Source: Public
Sewer: Public Sewer
Energy Features:

Exterior & Lot

Exterior Features: Deck - Wood
Patio & Porch: Deck - Wood
Fencing:
Other Structures:
Lot Features:
Road Surface:

Parking & Garage

Total Parking Spaces: 1
Parking Features: Assigned

Special Features

Fireplaces: 1
Fireplace Type:
Waterfront: Yes
Waterfront Type: Waterfront, Harbor, Direct Access, Bay, 0 to 1/10 Mile To Beach
Community Amenities:

Location

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Neighborhood

481 Commercial Street Unit 1, Provincetown MA 02657

Provincetown, MA 02657

Walkability

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Nearby Schools

School information not available for this location.

Monthly Payment Calculator

Monthly Payment
$0
Principal, interest, taxes & insurance
Loan Amount
$0
After down payment
Total Interest
$0
Over life of loan
Total Cost
$0
Including down payment
%
Down: $0
%

Monthly Payment Breakdown

Principal & Interest $0
Property Tax $503
Homeowners Insurance $200
HOA Fee $1,268/mo
PMI (if <20% down) $0

Loan Summary

Total of 360 payments $0
Total principal paid $0
Total interest paid $0

Rate Impact

-0.5% Rate
$0/mo
Save $0/mo
Current Rate
$0/mo
+0.5% Rate
$0/mo
Cost $0/mo

Payment Over Time

Interest
Principal
Year 1
95% Interest
Year 15
50/50
Year 30
95% Principal
* Estimates only. Actual payments may vary. Consult with a lender for accurate figures.

Property History

Market Insights

1.2%
Price Range
130
Total Days on Market

Property Timeline

Sold
Dec 18, 2024
$1,210,000
Property sold
Days on Market: 130
🏠
Listed for Sale
Apr 24, 2024
$1,195,000
Original listing
Agent: David Krohn Office: Gibson Sotheby's International Realty

Price & Status History

Date Event Price Change
Apr 24, 2024 New Listing Added $1,195,000

Market Statistics

Days on Market
198 days
Price per Sq Ft
$1,070

Tax History

Year Taxes Assessment
2024 $6,031 $1,081,000

Financial Details

Annual Property Tax
$6,031
Tax Year 2024
HOA Fee
$1,268
Monthly
Assessed Value
$1,081,000

Listing Information

Listing Agent David Krohn
Listing Office Gibson Sotheby's International Realty
Agent MLS ID CN251996
Office MLS ID AN6145
Listing Data Updated Dec 18, 2024 6:51 PM EST
Listing information is deemed reliable but not guaranteed. Data provided by MLS Property Information Network, Inc. All information should be independently verified.

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Market Analytics for Provincetown, MA

Real-time market trends and pricing data for this area

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