397 Palmer Avenue, Falmouth, MA 02540

397 Palmer Avenue Falmouth MA 02540
Owner Information
Owner 1
Marthas Vineyard Savings Bank
Owner 2
Owner's Address
P O Box 1069 Edgartown, MA 02539
Market Sale Information
Most recent sale date
4/3/2014
Previous sale date
1/4/1983
Transfer document #
28067-73
Previous transfer document
03644-0239
Grantor
Td Bank Na
Previous grantor
Harman Realty & Trading Co
Most recent sale price
$1,200,000.00
Previous sale price
$85,000.00
Site Information
Property ID
38 04 034 000
Lot Size
1.39
Use Code
341 - Bank Buildings
Zoning
GR
Building Style
Branch Bank
Number of Rooms
0
Stories
Number of Beds
0
Year Built
1984
Number of full baths
0
Condition
Average
Number of half baths
2
Finished Area
3030
Number of Kitchen
Gross Living Area
Number of Fireplaces
Bsmnt floot
Number of parking
0
Interior walls
Drywall
Floor type
Carpet
Solar Hot Water
No
Roof Structure
Gable/Hip
Heating type
Frcd Hot Air
Roof Cover
WoodShingle
Heating fuel
Gas
Frame type
Wood
Air Condition (%)
Sidings
Clapboard
Assessment Information
Fiscal Year
2024
Land Value
$706,400.00
Total value
$1,471,400.00
Building value
$678,400.00
Estimated tax
$9,240.00
Yard improvement value
$86,600.00
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 397 Palmer Avenue Photo Plan Map Proximity Last Sold Price Net Living Area Stories Sale Price/sft $396.04 Style Branch Bank Age 1984 Rooms 0 Bedrooms 0 Full baths 0 Half baths 2 Gross Living Area Heating Fuel Gas Detached Garage Lot Size 1.39 Roof Cover WoodShingle AEM Value - Building $678,400.00 AEM Value - Land $706,400.00 AEM Value - Other $86,600.00 AEM Value - Total $1,471,400.00
# Address Last Sold Sale Price Dist(m) Style LA (sq ft) Lot(ac) BR F-HB
@ 397 Palmer Avenue 4/3/2014 $1,200,000 0 Branch Bank 3,030 1.39 0 0-2 -
  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
  • 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
@ 397 Palmer Avenue 4/3/2014 $1,200,000 0 Branch Bank 3,030 1.39 0 0-2 -
  Criteria
A 31 Jones Road 10/17/2022 $669,000 0.0 Conventional 1,694 0.39 3 2-0
B 11 Bauer Lane 10/5/2018 $425,000 0.0 Family Duplx 2,836 0.65 4 2-0
C 400 Palmer Avenue 7/31/2000 $350,000 0.0 1.03 0 0-0
D 373 Palmer Avenue 11/6/2023 $100 0.0 Family Conv 2,401 0.8 5 3-0
E 0 Palmer Avenue 6/30/2000 $0 0.0 0.05 0 0-0
F 417 Palmer Avenue 12/15/2022 $100 0.1 ShopCtrLocal 13,412 1.2 0 0-0
G 376 Palmer Avenue 12/2/1988 $0 0.1 Cape Cod 1,926 0.29 2 1-1
H 17 Bauer Lane 12/31/2018 $305,000 0.1 Cape Cod 2,055 0.35 4 2-1
I 0 Palmer Avenue 12/2/1988 $0 0.1 0.12 0 0-0
J 4 Bauer Lane 5/20/2016 $212,000 0.1 Ranch 1,354 0.25 3 1-0
K 40 Jones Road 9/23/1999 $500,000 0.1 Office Build 745 1.01 0 0-1
L 2 Bauer Lane 10/16/2020 $100 0.1 Ranch 1,588 0.26 2 2-0
M 355 Palmer Avenue 7/11/2023 $1 0.1 Family Conv 1,876 0.52 6 3-0
N 432 Palmer Avenue 6/30/2000 $0 0.1 Commercial 2,448 0.27 0 1-0
O 8 Bauer Lane 1/24/1997 $7,800 0.1 Garage 0.36 0 0-0
P 435 Palmer Avenue 1/9/2013 $1,250,000 0.1 Fast Food 3,500 0.46 0 0-2
Q 356 Palmer Avenue 5/24/1996 $350,000 0.1 Restaurant 3,216 0.84 0 0-0
R 0 Bauer Lane 12/31/2018 $305,000 0.1 0.42 0 0-0
S 65 Jones Road 11/19/2018 $1 0.1 Gambrel 1,042 1 4 1-0
T 345 Palmer Avenue 3/12/2004 $100 0.1 Cape Cod 1,816 0.49 3 1-0
U 0 Palmer Avenue 1/1/1900 $0 0.1 0.09 0 0-0
V 0 Palmer Avenue 6/30/2000 $0 0.1 0.1 0 0-0
W 350 Palmer Avenue 5/24/1996 $350,000 0.1 Conventional 1,433 0.39 2 1-1
X 337 Palmer Avenue 3/4/2005 $81,250 0.1 Family Conv 2,018 0.47 4 2-0
Y 71 Jones Road 6/9/2021 $560,000 0.1 Cape Cod 846 0.59 3 1-1
Z 0 Palmer Avenue-Off 5/20/1983 $0 0.1 0.36 0 0-0
- 26 Comanche Drive 5/15/2003 $0 0.1 Colonial 3,014 0.55 4 2-1
- 454 Palmer Avenue 1/4/1983 $0 0.1 OthMunicipal 1,193 0.32 0 0-0
- 336 Palmer Avenue 5/1/1953 $0 0.1 Club, Lounge 3,860 0.58 0 0-0
- 0 Ter Heun Drive 6/22/1962 $0 0.1 2.12 0 0-0
- 46 Jones Road 1/1/1900 $0 0.1 Church 770 10.77 0 1-0
Averages 10150 days $173,079 0.08 --- 1,776 0.87 --- ---  
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
38 04 034 000 397 Palmer Avenue