488 South Street, Hyannis, MA 02601

488 South Street Hyannis MA 02601
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Owner Information
Owner 1
RM Cape Capital LLC
Owner 2
Owner's Address
Pending Verification ,
Market Sale Information
Most recent sale date
4/25/2024
Previous sale date
5/13/2008
Transfer document #
36331-87
Previous transfer document
22904-0309
Grantor
David L Colombo
Previous grantor
David L Colombo
Most recent sale price
$715,000.00
Previous sale price
$1.00
Site Information
Property ID
308-141
Lot Size
0.43
Use Code
326 - Eating and Drinking Establishments
Zoning
HVB
Building Style
Restaurant
Number of Rooms
Stories
1
Number of Beds
0
Year Built
1900
Number of full baths
1
Condition
Number of half baths
Finished Area
5504
Number of Kitchen
Gross Living Area
7444
Number of Fireplaces
Bsmnt floot
Number of parking
Interior walls
Drywall
Floor type
Carpet
Solar Hot Water
No
Roof Structure
Gable/Hip
Heating type
Hot Air
Roof Cover
Wood Shingle
Heating fuel
Gas
Frame type
WOOD FRAME
Air Condition (%)
Sidings
Clapboard
Assessment Information
Fiscal Year
2024
Land Value
$232,800.00
Total value
$1,076,000.00
Building value
$793,100.00
Estimated tax
$10,682.00
Yard improvement value
$50,100.00
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Certified Mass Appraisal
Comparable Properties
  • Total Appraisal
  • Building Appraisal
  • Land Appraisal
  • Last Sale Price
  • Net Living Area
  • Number of Bedrooms
  • Lot Size
  • Year Built
Address 488 South Street Photo Plan Map Proximity Last Sold Price Net Living Area Stories Sale Price/sft $129.91 Style Restaurant Age 1900 Rooms Bedrooms 0 Full baths 1 Half baths Gross Living Area 7444 Heating Fuel Gas Detached Garage Lot Size 0.43 Roof Cover Wood Shingle AEM Value - Building $793,100.00 AEM Value - Land $232,800.00 AEM Value - Other $50,100.00 AEM Value - Total $1,076,000.00
# Address Last Sold Sale Price Dist(m) Style LA (sq ft) Lot(ac) BR F-HB
@ 488 South Street 4/25/2024 $715,000 0 Restaurant 5,504 0.43 0 1- -
  Criteria

Estimation of Market Value

No comparable properties were found using the default criteria. Please click on the columns in the Comparables table and expand the criteria until at least 3 comparable properties are identified

 

In estimating the current market value, RealtyInSite follows the sales comparison (market) approach which is an approach based on the principles of supply and demand (principle of change) and the principle of substitution. The principle of substitution assumes that a prudent person will pay no more for a property than it would cost to purchase a comparable substitute property.

 

Comparable sales data are applied to arrive at an estimate of value. By default, comparable properties are those properties located within 1 mile of the subject property that have sold within the last 6 months and have a similar size of living area. The table shown above lists the comparable properties that were considered. Note that which properties are considered comparables can be adjusted by varying the selection criteria or deleting non-representative properties.

Neighboring Properties
Mailing Labels
  • Total Appraisal
  • Building Appraisal
  • Land Appraisal
  • Last Sale Price
  • Net Living Area
  • Number of Bedrooms
  • Lot Size
  • Year Built
# Address Last Sold Sale Price Dist(m) Style LA (sq ft) Lot(ac) BR F-HB
@ 488 South Street 4/25/2024 $715,000 0 Restaurant 5,504 0.43 0 1- -
  Criteria
A 645 Main Street 4/29/2024 $545,000 0.0 Ret/Rest/Apt 3,068 0.14 0 0-
B 649 Main Street 3/29/2013 $1 0.0 Finan Inst. 2,101 0.1 1 1-2
C 641 Main Street-Lot 132 2/2/1982 $107,797 0.0 Finan Inst. 3,817 0.17 0 0-
D 655 Main Street 4/25/2024 $410,000 0.0 Vacant Land 0.15 -
E 478 South Street 9/1/2010 $525,000 0.0 Office Bldg 2,045 0.42 0 0-
F 631 Main Street 7/9/1991 $85,000 0.0 Military 6,752 0.25 0 0-
G 659 Main Street 9/15/2014 $15,500 0.0 Vacant Land 0.18 -
H 627 Main Street 6/29/2005 $675,000 0.0 Fast Food,REG 2,405 0.22 0 0-
I 667 Main Street 6/8/2015 $0 0.0 Ret/Rest/Apt 3,474 0.1 4 4-
J 509 South Street $0 0.0 Vacant Land 0.83 -
K 675 Main Street-PARCEL B 2/10/2006 $375,000 0.1 Ret/Rest/Apt 1,837 0.04 1 0-
L 16 Sea Street 8/10/2020 $350,000 0.1 Ret/Rest/Apt 2,097 0.04 2 2-
M 20 Sea Street-LOT 1 8/6/1998 $165,000 0.1 Ret/Rest/Apt 4,987 0.18 0 0-
N 525 South Street 12/27/2012 $1,000,000 0.1 Ret/Rest/Apt 9,240 0.2 4 4-
O 640 Main Street 11/15/2010 $1,350,000 0.1 Ret/Rest/Apt 13,522 0.58 0 0-
P 615 Main Street Unit 1 9/30/2013 $129,900 0.1 Condominium 1,439 0 2 1-1
Q 615 Main Street Unit 2 8/24/2012 $240,000 0.1 Condominium 2,357 0 2 1-1
R 615 Main Street Unit 3 10/8/2015 $260,000 0.1 Condominium 1,533 0 2 1-1
S 615 Main Street Unit 4 4/17/2007 $459,000 0.1 Condominium 1,576 0 2 1-1
T 615 Main Street Unit 5 1/31/2013 $194,000 0.1 Condominium 1,376 0 2 1-1
U 615 Main Street Unit 6 10/14/2005 $110,000 0.1 Condominium 1,250 0 2 2-0
V 615 Main Street Unit 7 5/22/2014 $162,500 0.1 Condominium 1,273 0 2 2-0
W 615 Main Street Unit 8 8/31/2005 $299,900 0.1 Condominium 1,279 0 2 2-
X 615 Main Street Unit 9 9/23/2011 $135,000 0.1 Condominium 1,365 0 2 1-1
Y 615 Main Street Unit 10 9/12/2014 $228,250 0.1 Condominium 1,363 0 2 1-1
Z 615 Main Street Unit 11 10/16/2013 $215,000 0.1 Condominium 1,508 0 2 2-
- 615 Main Street Unit 12 8/30/2005 $319,000 0.1 Condominium 1,407 0 2 1-1
- 615 Main Street Unit 13 3/6/2007 $400,000 0.1 Retail Condo 2,228 0 0 2-0
- 617 Main Street Unit 14 6/23/2005 $550,000 0.1 Motel Condo 4,259 0 0 2-0
- 450 South Street 7/2/2004 $475,000 0.1 Office Bldg 3,775 0.62 0 2-
- 67 Sea Street 6/22/2001 $10 0.1 Apartments 27,600 3.51 0 0-0
- 674 Main Street-LOTS A and B 6/30/2003 $385,000 0.1 Military 8,740 0.43 0 0-
- 50 Sea Street 6/6/2018 $366,500 0.1 Restaurant 1,704 0.25 0 0-
- 24 Newton Street 2/15/2019 $318,000 0.1 Family Conver 1,837 0.27 3 2-0
- 17 Newton Street Unit 1A 8/24/2018 $315,000 0.1 Condominium 1,536 0 4 1-1
- 15 Newton Street Unit 2B 12/10/2020 $307,000 0.1 Condominium 1,884 0 1 3-1
- 459 South Street 7/13/2005 $120,000 0.1 Vacant Land 0.16 -
- 684 Main Street 10/1/2018 $500,000 0.1 Military 4,200 0.09 0 0-
- 535 South Street 10/4/2001 $165,000 0.1 Finan Inst. 3,180 0.08 3 4-1
- 36 Newton Street 5/6/2020 $430,000 0.1 Cape Cod 1,730 0.29 4 2-0
- 539 South Street 4/6/2011 $260,000 0.1 Store 1,140 0.09 0 0-
- 605 Main Street 11/9/2023 $785,000 0.1 Ret/Rest/Apt 5,347 0.16 2 1-
- 353 Stevens Street 9/27/1973 $0 0.1 Store 3,692 0.2 1 0-
- 451 South Street 5/28/2004 $260,000 0.1 Conventional 1,389 0.17 2 2-0
- 16 Oak Neck Road 2/27/2020 $280,000 0.1 Conventional 1,320 0.09 3 2-0
- 620 Main Street 3/1/2001 $450,000 0.1 Shop Ctr-Nbhd 6,767 0.32 0 0-
- 25 Newton Street 6/25/2019 $449,000 0.1 Conventional 2,275 0.21 5 2-0
- 662 Main Street 5/8/2018 $6,100,000 0.1 Hotel 15,866 3.17 1 0-
- 14 Potter Avenue 3/28/2019 $156,666 0.1 Cape Cod 1,465 0.2 2 1-1
- 599 Main Street-Lots 2-3 3/31/2010 $639,000 0.1 Ret/Rest/Apt 3,514 0.33 1 0-
- 17 Sea Street Extension 4/19/2000 $182,500 0.1 Conventional 2,017 0.32 3 1-0
- 438 South Street 7/12/2004 $1 0.1 Conventional 2,620 0.35 4 4-0
- 15 Oak Neck Road Unit 1 12/12/2007 $129,000 0.1 Condominium 1,014 0 2 1-1
- 15 Oak Neck Road Unit 2 1/15/2019 $124,000 0.1 Condominium 1,036 0 2 1-1
- 15 Oak Neck Road Unit 3 7/15/1985 $67,500 0.1 Condominium 1,014 0 2 1-1
- 15 Oak Neck Road Unit 4 4/15/1994 $30,000 0.1 Condominium 1,014 0 2 1-1
- 15 Oak Neck Road Unit 5 8/23/2018 $1 0.1 Condominium 364 0 1 1-0
- 15 Oak Neck Road Unit 6 2/24/2016 $130,000 0.1 Condominium 1,014 0 2 1-1
- 15 Oak Neck Road Unit 7 5/16/2007 $175,000 0.1 Condominium 1,036 0 2 1-1
- 15 Oak Neck Road Unit 8 9/15/2006 $160,000 0.1 Condominium 1,014 0 2 1-1
- 15 Oak Neck Road Unit 9 11/8/2024 $375,000 0.1 Condominium 1,014 0 2 1-1
- 15 Oak Neck Road Unit 10 11/8/2024 $375,000 0.1 Condominium 1,036 0 2 1-1
- 15 Oak Neck Road Unit 11 11/8/2018 $145,000 0.1 Condominium 1,014 0 2 1-1
- 15 Oak Neck Road Unit 12 7/31/2018 $145,000 0.1 Condominium 1,014 0 2 1-1
- 15 Oak Neck Road Unit 13 11/16/2018 $1 0.1 Condominium 1,036 0 2 1-1
- 15 Oak Neck Road Unit 14 1/11/2002 $95,000 0.1 Condominium 1,014 0 2 1-1
- 15 Oak Neck Road Unit 15 12/11/1997 $0 0.1 Condominium 1,014 0 2 1-1
- 15 Oak Neck Road Unit 16 10/30/2019 $145,000 0.1 Condominium 1,036 0 2 1-1
- 15 Oak Neck Road Unit 17 3/27/2002 $120,000 0.1 Condominium 1,014 0 2 1-1
- 434 South Street 4/17/2012 $100,000 0.1 Vacant Land 0.28 -
- 616 Main Street-Lot 63 2/26/2008 $1 0.1 Store 4,061 0.2 0 0-
- 40 Newton Street 9/20/2010 $0 0.1 Cape Cod 1,164 0.29 2 1-0
- 701 Main Street-LOT 20B 8/28/2008 $380,000 0.1 Store 2,250 0.13 0 0-
- 22 Oak Neck Road 12/16/2015 $237,750 0.1 Camp 584 0.15 2 1-0
- 24 Potter Avenue 3/21/2014 $232,500 0.1 Cape Cod 1,347 0.21 3 2-0
- 35 Newton Street 11/28/2023 $545,000 0.1 Conventional 1,535 0.21 3 1-0
- 74 Sea Street 7/29/2009 $121,000 0.1 Ranch 824 0.24 2 1-0
- 700 Main Street-LOT 2 4/15/2016 $1,600,000 0.1 Military 9,672 0.44 0 0-
- 597 Main Street 1/23/2001 $39,800 0.1 Conventional 1,626 0.23 2 2-0
- 705 Main Street-LOT 22 2/3/1986 $85,000 0.1 Store 1,380 0.1 0 0-
- 606 Main Street 9/5/2018 $800,000 0.1 Ret/Rest/Apt 9,694 0.29 1 0-
- 595 Main Street-Lot 116 7/18/2017 $100 0.1 Store 11,010 0.41 0 0-
- 44 Maple Avenue 11/13/2018 $0 0.1 Conventional 2,442 0.21 4 2-0
- 325 Stevens Street 4/15/1990 $1 0.1 Heavy Indust 9,075 0.42 0 0-
- 439 South Street 8/31/2015 $265,000 0.1 Conventional 1,325 0.26 3 2-0
- 445 South Street 8/29/2008 $450,000 0.1 2,968 0.63 6 6-0
- 11 Potter Avenue 3/29/2024 $815,000 0.1 Office Bldg 3,374 0.18 0 0-
- 4 Bacon Terrace Unit A-B-C 12/13/2004 $1 0.1 Condo Office 3,692 0 0 2-1
- 82 Sea Street 5/10/2019 $250,000 0.1 Conventional 1,287 0.33 4 1-1
- 34 Potter Avenue 6/19/2009 $1 0.1 Cape Cod 1,283 0.21 2 1-0
- 428 South Street 9/28/2007 $502,600 0.1 Cape Cod 1,951 0.22 3 1-1
- 707 Main Street 12/23/2020 $1 0.1 Office Bldg 1,347 0.13 0 0-
- 84 Sea Street 10/14/2016 $263,000 0.1 Antique 1,277 0.11 2 3-0
- 17 Potter Avenue 2/24/1993 $175,000 0.1 3,480 0.22 8 8-0
- 45 Newton Street 2/9/2016 $341,550 0.1 Antique 2,927 0.27 4 1-1
- 39 Oak Neck Road 4/17/2019 $275,000 0.1 Ranch 1,008 0.13 2 1-0
- 712 Main Street 1/10/2020 $470,000 0.1 Office Bldg 3,415 0.25 0 3-
- 3 Bacon Terrace 9/5/2018 $800,000 0.1 Family Conver 1,773 0.07 3 3-0
- 600 Main Street 5/3/2010 $0 0.1 Ret/Rest/Apt 5,951 0.3 3 3-
- 585 Main Street 4/13/2006 $0 0.1 Shop Ctr-Nbhd 5,400 0.18 0 0-
- 21 Maple Avenue 9/30/2015 $199,000 0.1 Conventional 1,501 0.18 4 2-0
- 15 Maple Avenue 4/16/2010 $160,000 0.1 Ranch 1,000 0.18 3 2-0
Averages 5149 days $329,141 0.08 --- 2,956 0.22 --- ---  
DISCLAIMER: The information in this report was collected from the concerned Assessors Office and Registry of Deeds.  Compu-Links disclaims any and all representations or warranties as to the accuracy of this information
308-141 488 South Street