481 Commercial Street Unit 1, Provincetown MA 02657
Provincetown, MA 02657
$1,210,000
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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 8 similar properties sold within 0.5 miles in the last 90 days
This Property
$1,070/sq ft
Area Median
$1,463/sq ft
Difference
26.9%
This property sold below the area median, potentially representing good value for the buyer.
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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Recently Sold Nearby
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
| Date | Event | Price | Change | $/sqft | Details |
|---|---|---|---|---|---|
| 12/18/2024 | ✓ Sold | $1,210,000 | - | - | Property sold |
| 04/24/2024 | 🏠 Listed for Sale | $1,195,000 | - | - | Original listing |
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
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
HOA & Community
HOA Fee
$1,268 Monthly
Fee Includes
Gas, Water, Sewer, Insurance, Maintenance Grounds, Snow Removal, Trash, Reserve Funds
Amenities
Hot Water, Garden Area
Optional Fee Includes
None
MA Disclosures
Seller Disclosures
None
Additional Details
Possession
None
Accepted Financing
None
Structure Type
["Detached"]
Unit/Building
Unit 1
Sq Ft Source
Field Card
Documents
None
County
Barnstable
Total market time (incl. prior listings)
130 days
Property Overview
Property Type
Condominium
Listing Type
Sold
Year Built
1950
Bedrooms
1
Full Bathrooms
2
Living Area
1,131 sq ft
Total Rooms
3
Stories
1
Entry Level
1
Floor Layout
Interactive room guide
Floor Layout
Display Options
Outdoor Areas
Patio & porchDeck - Wood
Room Markers
BABathroom (4)
BRBedroom (5)
DDining (1)
KKitchen (1)
LLiving (2)
OOffice (1)
Conceptual diagram based on MLS room data. It is not to scale and is not a substitute for architectural plans or on-site measurements.
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:
Nearby Schools
School District
Provincetown School District local
School Safety
2024-25
0.0%
Very Low (Safest)
5.5% below state avg
Elementary Schools
1 school
B-
Provincetown Schools
0.7 mi
|
#200 of 352
|
Score: 40.6
Improved 92 spots from last year
-17.6 below state avg
152 students
Diverse
Rising School
Diverse Student Body
Grades PK-08
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Location
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Neighborhood
481 Commercial Street Unit 1, Provincetown MA 02657
Provincetown, MA 02657
Listing Information
Listing Office
Gibson Sotheby's International Realty
Office Phone
508-487-2430
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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