24 Otis Road, Hyannis, MA 02601

24 Otis Road Hyannis MA 02601

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Owner Information

Owner 1

Charles M Derrick & Frances W

Owner 2

Owner's Address

221 White Ash Circle Hendersonville, NC 28739

Market Sale Information

Most recent sale date

4/15/1987

Previous sale date

12/15/1982

Transfer document #

C110440-

Previous transfer document

C90470-0

Grantor

Milton R Derrick

Previous grantor

Most recent sale price

$74,000.00

Previous sale price

$39,000.00

Site Information

Property ID

311-058

Lot Size

0.19

Use Code

101 - Residential, single family

Zoning

Building Style

Cape Cod

Number of Rooms

Stories

1.75

Number of Beds

Year Built

1949

Number of full baths

Condition

Number of half baths

Finished Area

1302

Number of Kitchen

Gross Living Area

2322

Number of Fireplaces

Bsmnt floot

Number of parking

Interior walls

Drywall

Floor type

Carpet

Solar Hot Water

Roof Structure

Gable/Hip

Heating type

Hot Water

Roof Cover

Asph/F Gls/Cmp

Heating fuel

Oil

Frame type

Air Condition (%)

Sidings

Wood Shingle

Assessment Information

Fiscal Year

2024

Land Value

$127,800.00

Total value

$383,000.00

Building value

$235,600.00

Estimated tax

$2,075.00

Yard improvement value

$19,600.00

Flood Map MassMapper Google Street View

Certified Mass Appraisal

Realty Insiter's Estimated Market Value

$564,522 to $471,943

$564,522 - By Sales Comparison

	Living area (sqft)	Sale price
Subject Property
Comparables	1,159	$502,650
	sft x ($502,650/1,159 sft)	$564,522

$471,943 - By Uniform CAMA Approach

	Assessed value	Sale price
Subject Property
Comparables	$407,920	$502,650
	x ($502,650/$407,920)	$471,943

Comparable Properties

Mailing Labels $Valuation Report

Total Appraisal
Building Appraisal
Land Appraisal
Last Sale Price
Net Living Area
Number of Bedrooms
Lot Size
Year Built

Address 24 Otis Road	Proximity	Last Sold	Price	Net Living Area	Stories	Sale Price/sft $56.84	Style Cape Cod	Age 1949	Rooms 7	Bedrooms 4	Full baths 1	Half baths 0	Gross Living Area 2322	Heating Fuel Oil	Lot Size 0.19	Roof Cover Asph/F Gls/Cmp	AEM Value - Building $235,600.00	AEM Value - Land $127,800.00	AEM Value - Other $19,600.00	AEM Value - Total $383,000.00
A) 62 Baxter Road	0.0	7/11/2024	$600,000	1,054	1	$569.26	Ranch	1941	7	3	2	0	2113	Gas	0.48	Asph/F Gls/Cmp	$188,900	$140,800	$28,800	$358,500
B) 53 Spruce Street	0.2	8/6/2024	$500,000	1,176	1.5	$425.17	Cape Cod	1937	5	2	1	1	2292	Gas	0.2	Asph/F Gls/Cmp	$214,300	$128,900	$27,000	$370,200
C) 27 Compass Circle	0.2	10/23/2024	$500,000	1,080	1	$462.96	Ranch	1979	6	3	1	1	2564	Gas	0.24	Asph/F Gls/Cmp	$252,800	$133,000	$38,600	$424,400
D) 55 Kings Way	0.3	9/10/2024	$380,000	1,382	1	$274.96	Ranch	1941	5	3	1	0	1873	Gas	0.16	Asph/F Gls/Cmp	$246,000	$124,500	$15,700	$386,200
E) 70 Walton Avenue	0.3	11/1/2024	$569,000	1,461	1.5	$389.46	Cape Cod	1953	6	4	2	0	3123	Gas	0.36	Asph/F Gls/Cmp	$297,600	$137,300	$40,000	$474,900
F) 107 Linden Street	0.3	7/29/2024	$625,000	1,070	1	$584.11	Cape Cod	1981	6	3	2	1	2804	Gas	0.26	Asph/F Gls/Cmp	$236,200	$134,400	$32,200	$402,800
G) 157 Compass Circle	0.4	10/21/2024	$330,000	1,080	1	$305.56	Ranch	1979	6	3	1	0	2356	Oil	0.29	Asph/F Gls/Cmp	$252,800	$135,300	$31,400	$419,500
H) 84 Hampshire Avenue	0.6	8/23/2024	$490,000	1,176	1	$416.67	Ranch	1963	5	3	2	0	2660	Oil	0.23	Asph/F Gls/Cmp	$238,100	$132,000	$37,000	$407,100
I) 11 Eldridge Avenue	0.7	8/12/2024	$482,500	1,006	1	$479.62	Ranch	1973	6	4	2	0	2180	Gas	0.31	Asph/F Gls/Cmp	$220,900	$135,800	$39,900	$396,600
J) 73 Uncle Willies Way	0.7	5/28/2024	$550,000	1,108	1	$496.39	Ranch	1978	4	2	2	0	2828	Gas	0.25	Asph/F Gls/Cmp	$258,100	$134,100	$46,800	$439,000

Estimation of Market Value - $518,232

As of today, 11/25/2024, the estimated market value of 24 Otis Road, Hyannis considering the above 10 comparable properties is $518,232.

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)

F-HB

24 Otis Road

4/15/1987

$74,000

Cape Cod

1,302

0.19

1-0

Criteria

A	30 Otis Road	6/15/1987	$75,000	0.0	Colonial	1,496	0.2	3	1-1
B	16 Otis Road	7/15/1985	$59,900	0.0	Ranch	816	0.2	2	1-0
C	10 Otis Road	8/28/2019	$0	0.0	Ranch	624	0.19	2	1-0
D	29 Bearse Road	8/27/2014	$245,000	0.0	Ranch	1,460	0.62	3	2-0
E	44 Pilgrim Lane	4/21/2006	$178,000	0.0	Ranch	684	0.18	2	1-0
F	55 Pilgrim Lane	10/28/2022	$345,000	0.0	Ranch	844	0.15	2	1-0
G	19 Bearse Road	1/27/2017	$225,000	0.0	Cape Cod	1,267	0.38	3	1-1
H	49 Bearse Road	1/29/2016	$600,000	0.0	Service Shop	3,900	0.97	0	0-
I	51 Pilgrim Lane	10/29/2019	$235,000	0.0	Ranch	684	0.14	2	1-0
J	39 Otis Road	3/26/2012	$73,250	0.0	Ranch	684	0.18	2	1-0
K	9 Otis Road	4/13/2020	$1	0.0	Ranch	1,228	0.37	3	1-0
L	62 Baxter Road	7/11/2024	$600,000	0.0	Ranch	1,054	0.48	3	2-0
M	45 Otis Road	10/15/1995	$1	0.0	Ranch	684	0.13	2	1-0
N	45 Pilgrim Lane	6/10/2005	$1	0.0	Ranch	1,098	0.13	2	1-0
O	18 Pilgrim Lane	5/22/2024	$375,000	0.1	Ranch	748	0.12	2	1-0
P	37 Hallett Road	12/2/2002	$0	0.1	Ranch	684	0.11	2	1-0
Q	39 Pilgrim Lane	8/3/1983	$39,900	0.1	Ranch	918	0.14	2	1-0
R	20 Bearse Road	1/22/2016	$220,000	0.1	Finan Inst.	640	0.12	2	1-
S	86 Baxter Road	4/11/2017	$0	0.1	Ranch	907	0.14	2	1-1
T	160 Hinckley Road	4/28/2023	$550,000	0.1	Cape Cod	1,426	0.48	5	2-0
U	150 Hinckley Road	6/18/2010	$1	0.1	Ranch	1,216	0.22	3	2-0
V	28 Bearse Road	5/10/2019	$175,000	0.1	Vacant Land		0.23		-
W	33 Pilgrim Lane	3/31/2009	$139,200	0.1	Ranch	1,052	0.14	2	1-0
X	117 Lewis Street	10/16/2014	$1	0.1	Conventional	1,316	0.2	4	2-0
Y	111 Lewis Street	7/15/1993	$68,000	0.1	Cape Cod	1,267	0.2	4	1-0
Z	45 Hallett Road	12/3/2008	$136,000	0.1	Ranch	1,228	0.22	3	1-0
-	125 Lewis Street	11/20/2019	$10	0.1	Ranch	672	0.22	2	1-0
-	170 Hinckley Road	5/18/2005	$1	0.1	Ranch	874	0.21	3	1-0
-	4 Bearse Road	11/26/2002	$0	0.1	Cape Cod	1,008	0.18	3	1-0
-	101 Lewis Street	1/6/2017	$278,000	0.1	Cape Cod	1,614	0.41	3	2-0
-	94 Baxter Road	11/4/2020	$245,000	0.1	Camp	684	0.16	2	1-0
-	27 Pilgrim Lane	6/4/2010	$115,000	0.1	Ranch	684	0.14	2	1-0
-	176 Hinckley Road	11/15/2019	$251,000	0.1	Ranch	832	0.2	3	1-0
-	83 Baxter Road	8/28/2008	$1	0.1	Cape Cod	2,465	0.26	5	3-0
-	25 Falmouth Road-Route 28	1/9/2015	$1,200,000	0.1	Garage/Office	21,538	1.23	0	0-
-	63 Baxter Road	10/1/2004	$1	0.1	Cape Cod	2,948	0.35	5	3-1
-	411 Barnstable Road	11/29/2017	$13,950,000	0.1	Lg Ret Condo	13,446	1.47	0	0-
-	182 Hinckley Road	7/28/2000	$105,600	0.1	Ranch	972	0.21	3	1-0
-	21 Pilgrim Lane	3/7/2016	$144,300	0.1	Ranch	684	0.13	2	1-0
-	45 Falmouth Road-Route 28	10/20/2018	$0	0.1	Auto Sales Rpr	11,037	0.78	0	0-
-	91 Baxter Road	6/25/1969	$0	0.1	Ranch	844	0.2	2	1-0
-	395 Barnstable Road	7/8/2016	$100	0.1	Store	7,096	0.46	0	0-
-	188 Hinckley Road	6/14/1940	$0	0.1	Ranch	832	0.2	2	1-0
-	85 Lewis Street	10/7/2009	$1	0.1	Ranch	960	0.51	2	1-0
-	153 Hinckley Road	12/1/2020	$1	0.1	Ranch	684	0.19	2	1-0
-	163 Hinckley Road	12/1/2000	$118,500	0.1	Ranch	720	0.2	2	1-0
-	15 Pilgrim Lane	2/13/2004	$170,000	0.1	Ranch	684	0.14	2	1-0
-	149 Hinckley Road	9/25/2015	$1	0.1	Ranch	684	0.19	2	1-1
-	167 Hinckley Road	12/10/1980	$0	0.1	Ranch	906	0.2	3	1-0
-	143 Hinckley Road	5/6/1998	$53,000	0.1	Ranch	684	0.19	2	1-0
-	417 Barnstable Road	2/14/2018	$3,375,000	0.1	Branch Bank	6,534	0.92		-
-	173 Hinckley Road	5/26/2017	$230,000	0.1	Ranch	832	0.2	3	1-0
-	97 Baxter Road	3/13/2020	$302,000	0.1	Ranch	1,366	0.2	3	1-1
-	32 Baxter Road Unit 1	12/15/1988	$92,250	0.1	Indust Condo	1,862	0	0	0-1
-	32 Baxter Road Unit 2	12/15/1988	$92,250	0.1	Indust Condo	1,862	0	0	0-0
-	32 Baxter Road Unit 3	9/20/2012	$70,000	0.1	Indust Condo	1,600	0	0	0-0
-	32 Baxter Road Unit 4	7/17/2018	$95,000	0.1	Indust Condo	1,091	0	0	0-1
-	32 Baxter Road Unit 5	5/10/2023	$190,000	0.1	Indust Condo	968	0	0	0-0
-	32 Baxter Road Unit 6	5/2/2023	$400,000	0.1	Indust Condo	968	0	0	0-0
-	32 Baxter Road Unit 7	5/2/2023	$400,000	0.1	Indust Condo	1,452	0	0	0-1
-	32 Baxter Road Unit 8	8/31/2012	$240,000	0.1	Indust Condo	924	0	0	0-1
-	375 Barnstable Road	10/13/1987	$0	0.1	Mini-Mart/Gas	1,930	0.31	0	0-
-	363 Barnstable Road	10/22/2012	$0	0.1	Service Shop	7,277	0.68	0	0-
-	177 Hinckley Road	6/5/1998	$0	0.1	Ranch	1,061	0.2	4	1-0
-	55 Falmouth Road-Route 28	1/26/2024	$1,400,000	0.1	Gas Station	9,600	0.58	0	0-
-	7 Pilgrim Lane	12/19/2016	$184,000	0.1	Camp	684	0.12	2	1-0
-	18 Sycamore Street	5/30/2024	$475,000	0.1	Ranch	864	0.14	3	1-0
-	183 Hinckley Road	6/18/2010	$90,000	0.1	Ranch	872	0.2	2	1-0
-	103 Baxter Road	4/26/2019	$260,000	0.1	Ranch	856	0.21	2	1-0
-	61 Falmouth Road-Route 28	11/5/2020	$475,000	0.1	Finan Inst.	2,182	0.21	3	2-2
-	194 Hinckley Road	10/12/2023	$390,000	0.1	Ranch	1,050	0.6	3	1-0
-	10 Sycamore Street	10/5/2017	$1	0.1	Ranch	1,104	0.12	2	1-1
-	114 Baxter Road	10/15/1983	$0	0.1	Ranch	748	0.11	2	1-0
-	189 Hinckley Road	6/14/1940	$0	0.1	Ranch	832	0.2	3	1-0
-	73 Lewis Street	3/8/2011	$145,000	0.1	Ranch	1,264	0.13	3	1-0
-	78 Lewis Street	4/10/2018	$100	0.1	Ranch	1,370	0.44	3	1-1
-	23 Sycamore Street	10/5/2017	$1	0.1	Ranch	1,008	0.36	3	2-0
-	339 Barnstable Road	4/29/2002	$310,000	0.1	Ret/Rest/Apt	1,932	0.19	1	1-
-	111 Baxter Road	10/15/2013	$1	0.1	Ranch	1,193	0.22	2	2-0
-	73 Falmouth Road-Route 28	5/2/2023	$3,200,000	0.1	Ind/Offc/Whse	10,956	1.29	0	0-
-	20 Baxter Road	11/5/2010	$1	0.1	Garage	2,520	0.21	0	0-
-	195 Hinckley Road	7/22/2019	$225,000	0.1	Ranch	786	0.19	3	1-0
-	400 Barnstable Road	3/12/2008	$250,000	0.1	Commercial	7,446	0.51	0	0-

Averages

5748 days

$407,956

0.08

---

2,150

0.28

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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

311-058 24 Otis Road