40 North Main Street, Falmouth, MA 02540

40 North Main Street Falmouth MA 02540
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Owner Information
Owner 1
Inn On The Square LLC
Owner 2
Owner's Address
C/O Newport Hotel Group, 28 Jacome Way Middletown, RI 02842
Market Sale Information
Most recent sale date
6/16/2005
Previous sale date
7/29/1993
Transfer document #
177024-
Previous transfer document
130880
Grantor
Falmouth Square Inn LTD Prtn
Previous grantor
David Wald
Most recent sale price
$3,820,000.00
Previous sale price
$1,921,000.00
Site Information
Property ID
38A 01 069 000
Lot Size
2.02
Use Code
301 - Motels
Zoning
B3
Building Style
Motel
Number of Rooms
48
Stories
Number of Beds
48
Year Built
1986
Number of full baths
0
Condition
Average
Number of half baths
0
Finished Area
28434
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
Asphalt
Heating fuel
Gas
Frame type
Wood
Air Condition (%)
Sidings
Wood Shingle
Assessment Information
Fiscal Year
2024
Land Value
$1,515,600.00
Total value
$4,424,000.00
Building value
$2,874,200.00
Estimated tax
$27,782.00
Yard improvement value
$34,200.00
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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 40 North Main Street Photo Plan Map Proximity Last Sold Price Net Living Area Stories Sale Price/sft $134.35 Style Motel Age 1986 Rooms 48 Bedrooms 48 Full baths 0 Half baths 0 Gross Living Area Heating Fuel Gas Detached Garage Lot Size 2.02 Roof Cover Asphalt AEM Value - Building $2,874,200.00 AEM Value - Land $1,515,600.00 AEM Value - Other $34,200.00 AEM Value - Total $4,424,000.00
# Address Last Sold Sale Price Dist(m) Style LA (sq ft) Lot(ac) BR F-HB
@ 40 North Main Street 6/16/2005 $3,820,000 0 Motel 28,434 2.02 48 0-0 -
  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
@ 40 North Main Street 6/16/2005 $3,820,000 0 Motel 28,434 2.02 48 0-0 -
  Criteria
A 15 Depot Avenue 12/2/2011 $1 0.0 Office Build 3,735 0.24 0 0-1
B 25 Depot Avenue 12/8/2004 $360,000 0.0 Family Conv 2,141 0.17 4 3-0
C 49 North Main Street 9/22/1978 $100 0.0 Store 9,235 0.72 0 0-0
D 25 North Main Street 9/22/1978 $100 0.0 Office Build 888 0.2 0 0-0
E 21 North Main Street 3/1/2023 $416,000 0.0 Office Build 857 0.04 0 0-0
F 14 Depot Avenue 8/14/1964 $0 0.1 Auto Dealer 13,816 0.3 0 0-0
G 0 Depot Avenue 8/14/1964 $0 0.1 0.19 0 0-0
H 24 Depot Avenue 1/30/1979 $60,000 0.1 0.27 0 0-0
I 10 North Main Street 1/23/2003 $550,000 0.1 ServSta 2Bay 1,950 0.34 0 0-0
J 88 Palmer Avenue 7/1/1983 $79,000 0.1 Conventional 2,240 0.68 4 2-1
K 13 North Main Street 1/31/2020 $100 0.1 Family Conv 2,520 0.48 4 4-0
L 115 Palmer Avenue 10/31/2001 $700,000 0.1 Store 4,633 0.95 0 0-4
M 140 Palmer Avenue 1/1/1969 $0 0.1 Club, Lounge 6,869 0.73 0 0-2
N 127 Palmer Avenue 11/23/2018 $100 0.1 Family Conv 3,415 0.59 5 3-1
O 6 North Main Street 11/2/2010 $200,000 0.1 Store 0.13 0 0-0
P 43 Depot Avenue 6/14/2023 $100 0.1 Conventional 1,668 0.44 0 1-1
Q 0 Depot Avenue-Off 9/11/1968 $0 0.1 0.16 0 0-0
R 0 Depot Avenue-Off 8/6/1965 $0 0.1 0.13 0 0-0
S 80 Palmer Avenue 2/6/2009 $755,000 0.1 Conventional 2,467 0.37 4 3-0
T 0 Depot Avenue 3/1/2023 $684,000 0.1 0.05 0 0-0
U 4 Main Street 11/29/1982 $108,000 0.1 Family Conv 3,442 0.34 6 4-0
V 152 Palmer Avenue 10/16/1996 $0 0.1 Family Conv 3,244 0.36 5 5-0
W 0 Depot Avenue 1/1/1972 $0 0.1 0.13 0 0-0
X 0 Depot Avenue 12/31/1986 $62,500 0.1 1.39 0 0-0
Y 20 Main Street 12/23/1994 $142,500 0.1 Cape Cod 1,428 0.23 2 2-0
Z 16 Main Street 7/3/2019 $325,682 0.1 Colonial 2,364 0.24 4 1-0
- 34 Depot Avenue Unit 1AU 9/28/2022 $707,500 0.1 Condo A 1,792 0 3 2-1
- 34 Depot Avenue Unit 2AU 7/21/2023 $1 0.1 Condo A 1,792 0 3 2-1
- 34 Depot Avenue Unit 3BU 1/9/2004 $329,000 0.1 Condo A 1,201 0 2 2-1
- 34 Depot Avenue Unit 4BU 2/8/2023 $1 0.1 Condo A 1,928 0 3 1-1
- 34 Depot Avenue Unit 5CU 6/16/2020 $10 0.1 Condo A 1,667 0 3 2-1
- 34 Depot Avenue Unit 6CU 12/30/2003 $329,000 0.1 Condo A 1,332 0 3 2-1
- 34 Depot Avenue Unit 7CU 7/1/2015 $395,000 0.1 Condo A 1,724 0 3 1-1
- 34 Depot Avenue Unit 8DU 9/8/2017 $1 0.1 Condo A 1,811 0 3 2-1
- 34 Depot Avenue Unit 9DU 4/26/2004 $370,000 0.1 Condo A 1,118 0 2 2-1
- 34 Depot Avenue Unit 10EU 12/22/2014 $385,000 0.1 Condo A 1,724 0 3 2-1
- 34 Depot Avenue Unit 11EU 11/18/2016 $360,000 0.1 Condo A 1,172 0 2 2-1
- 34 Depot Avenue Unit 12EU 7/16/2004 $444,100 0.1 Condo A 1,815 0 3 2-1
- 34 Depot Avenue Unit 13FU 9/25/2023 $575,000 0.1 Condo A 1,213 0 2 2-1
- 34 Depot Avenue Unit 14FU 6/25/2012 $375,000 0.1 Condo A 1,719 0 3 2-1
- 0 Locust Street-Off 7/25/1974 $31,000 0.1 0.56 0 0-0
- 70 Palmer Avenue 3/28/2013 $657,500 0.1 Conventional 3,312 0.36 5 0-1
- 135 Palmer Avenue 11/23/2018 $100 0.1 Cape Cod 1,477 0.19 4 1-0
- 50 Depot Avenue 1/1/1900 $0 0.1 Office/Whse 6,813 0.14 0 0-2
- 19 Locust Street 5/21/2024 $570,000 0.1 Office Build 2,234 0.44 0 1-3
- 81 Palmer Avenue 5/31/2018 $2,300,000 0.1 Bed & Brkfst 5,638 0.88 12 6-1
- 0 Depot Avenue-Off 1/1/1968 $0 0.1 0.02 0 0-0
- 24 Main Street 9/13/2023 $100 0.1 Cape Cod 2,837 0.3 5 2-1
- 1 Main Street 2/1/2010 $500,000 0.1 Colonial 4,012 0.38 6 0-0
- 160 Palmer Avenue 1/26/2001 $238,000 0.1 Cape Cod 1,632 0.31 3 1-0
- 54 Depot Avenue 3/1/2023 $684,000 0.1 Garage/Ofc 780 1.04 0 0-0
- 64 Palmer Avenue 7/29/2016 $425,000 0.1 Cape Cod 1,368 0.13 3 2-0
- 29 Locust Street 5/12/1998 $230,000 0.1 NightclubBar 2,678 0.62 0 0-2
- 73 Palmer Avenue 3/8/1995 $199,900 0.1 Family Conv 3,577 0.61 5 2-0
- 9 Katharine Lee Bates 8/14/2012 $369,000 0.1 Conventional 1,272 0.38 3 2-0
- 157 Palmer Avenue 11/16/1993 $0 0.1 Colonial 3,690 0.45 5 2-1
- 12 Hewins Street 9/5/2002 $0 0.1 Colonial 4,301 0.28 4 2-1
- 0 Depot Avenue-Off 10/22/1985 $1 0.1 0.62 0 0-0
Averages 8747 days $257,197 0.09 --- 2,320 0.3 --- ---  
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
38A01 069 000 40 North Main Street