263 Grand Avenue, Falmouth, MA 02540

Owner Information
Owner 1
Falmouth Heights Real Estate LLC
Owner 2
Owner's Address
18 Saint Marys St Newton, MA 02462
Market Sale Information
Most recent sale date
5/18/2021
Previous sale date
4/9/1999
Transfer document #
34124-176
Previous transfer document
12191-0032
Grantor
Falmouth Property LLC
Previous grantor
Grand Avenue Properties Inc
Most recent sale price
$5,600,000.00
Previous sale price
$800,000.00
Site Information
Property ID
46B 12 019 071
Lot Size
0.18
Use Code
302 - Inns, Resorts or Tourist Homes
Zoning
B3
Building Style
Motel
Number of Rooms
12
Stories
Number of Beds
12
Year Built
1960
Number of full baths
12
Condition
Average
Number of half baths
0
Finished Area
3162
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 (%)
1
Sidings
Wood Shingle
Assessment Information
Fiscal Year
2025
Land Value
$1,322,800.00
Total value
$1,672,000.00
Building value
$340,900.00
Estimated tax
$9,814.00
Yard improvement value
$8,300.00
Certified Mass Appraisal
20082009201020112012201320142015201620172018201920202021202220232024$0$200,000$400,000$600,000$800,000$1,000,000$1,200,000$1,400,000$1,600,000$1,800,000Total Assessment ($)ImprovementsLandBuildingTotal Assessment
Comparable Properties
263 Grand Avenue$0$200,000$400,000$600,000$800,000$1,000,000$1,200,000$1,400,000$1,600,000$1,800,000Subject PropertyTotal Assessment ($)Total Assessment
Address 263 Grand Avenue
Photo
Plan
Map
Proximity
Last Sold
Price
Net Living Area
Stories
Sale Price/sft $1,771.03
Style Motel
Age 1960
Rooms 12
Bedrooms 12
Full baths 12
Half baths 0
Gross Living Area
Heating Fuel Gas
Detached Garage
Lot Size 0.18
Roof Cover Asphalt
AEM Value - Building $340,900.00
AEM Value - Land $1,322,800.00
AEM Value - Other $8,300.00
AEM Value - Total $1,672,000.00
# Address Last Sold Sale Price Dist(m) Style LA (sq ft) Lot(ac) BR F-HB
@ 263 Grand Avenue 5/18/2021 $5,600,000 0 Motel 3,162 0.18 12 12-0 -
  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 Copy to Clipboard
Subject Property42 Grand Avenue260 Grand Avenue29 Grand Avenue286 Grand Avenue Unit 4U44 Grand Avenue49 Grand Avenue35 Grand Avenue286 Grand Avenue Unit 3U286 Grand Avenue Unit 1U286 Grand Avenue Unit 2U52 Crescent Avenue11 Walden Avenue Unit 2AU263 Grand Avenue11 Walden Avenue Unit 2BU7 Walden Avenue Unit 1BU7 Walden Avenue Unit 1AU25 Central Park Avenue286 Grand Avenue Unit 8U39 Grand Avenue8 Walden Avenue8 Forest Avenue286 Grand Avenue Unit 6U286 Grand Avenue Unit 7U293 Grand Avenue286 Grand Avenue Unit 5U286 Grand Avenue Unit 9U1 Quinapoxet Avenue$0$500,000$1,000,000$1,500,000$2,000,000$2,500,000$3,000,000$3,500,000$4,000,000Total Assessment ($)Total Assessment
# Address Last Sold Sale Price Dist(m) Style LA (sq ft) Lot(ac) BR F-HB
@ 263 Grand Avenue 5/18/2021 $5,600,000 0 Motel 3,162 0.18 12 12-0 -
  Criteria
A 269 Grand Avenue 5/18/2021 $5,600,000 0.0 Restaurant 6,141 0.15 0 0-0
B 0 Central Park Avenue 5/18/2021 $5,600,000 0.0 0.06 0 0-0
C 24 Central Park Avenue 5/18/2021 $5,600,000 0.0 Motel 4,068 0.09 12 0-0
D 0 Massachusetts Avenue 5/18/2021 $5,600,000 0.0 0.17 0 0-0
E 261 Grand Avenue 8/18/2011 $1 0.0 Conventional 4,049 0.27 10 2-0
F 16 Massachusetts Avenue 11/29/2016 $1,700,000 0.0 Conventional 3,834 0.2 7 7-1
G 286 Grand Avenue Unit 1U 11/15/2024 $2,000,000 0.0 Condo A 1,671 0 2 2-0
H 286 Grand Avenue Unit 2U 11/20/2024 $2,100,000 0.0 Condo A 1,760 0 3 3-0
I 286 Grand Avenue Unit 3U 6/6/2025 $1,530,000 0.0 Condo A 1,567 0 2 2-1
J 286 Grand Avenue Unit 4U 7/24/2023 $5,500,000 0.0 Condo A 1,504 0 1 1-1
K 286 Grand Avenue Unit 5U 7/24/2023 $2,850,000 0.0 Condo A 3,097 0 4 2-0
L 286 Grand Avenue Unit 6U 7/24/2023 $2,850,000 0.0 Condo A 3,094 0 3 2-1
M 286 Grand Avenue Unit 7U 9/21/2023 $2,625,000 0.0 Condo A 2,752 0 3 3-1
N 286 Grand Avenue Unit 8U 7/24/2023 $2,450,000 0.0 Condo A 2,423 0 3 2-1
O 286 Grand Avenue Unit 9U 3/18/2024 $2,500,000 0.0 Restaurant 5,352 0 0 0-1
P 0 Central Park Avenue 12/29/2003 $0 0.0 0.26 0 0-0
Q 11 Massachusetts Avenue 3/18/2024 $10 0.0 Cape Cod 1,440 0.17 4 1-1
R 15 Pennsylvania Avenue 10/31/2002 $0 0.0 Colonial 3,315 0.17 4 3-1
S 9 Nantucket Avenue 4/17/2008 $100 0.0 Conventional 2,846 0.18 5 2-0
T 11 Pennsylvania Avenue 8/7/2023 $1,550,000 0.1 Gambrel 1,594 0.16 4 2-1
U 16 Pennsylvania Avenue 6/6/2012 $100 0.1 Colonial 2,895 0.26 4 2-1
V 2 Nantucket Avenue 1/22/1987 $0 0.1 Conventional 2,113 0.18 5 2-0
W 9 Massachusetts Avenue 8/27/2024 $10 0.1 Colonial 2,204 0.17 4 2-1
X 25 Central Park Avenue 8/25/1910 $0 0.1 4.25 0 0-0
Y 10 Nantucket Avenue 2/12/2019 $100 0.1 Colonial 2,007 0.09 4 1-1
Z 247 Grand Avenue 11/23/1992 $162,500 0.1 Contemporary 6,587 0.27 4 4-1
- 14 Pennsylvania Avenue 7/27/2015 $10 0.1 Conventional 2,328 0.17 4 1-0
- 16 Nantucket Avenue 7/8/2024 $2,315,000 0.1 Colonial 2,302 0.08 2 3-1
- 8 Massachusetts Avenue 6/4/2025 $770,000 0.1 Ranch 1,050 0.09 3 1-0
- 6 Central Park Avenue 2/15/2024 $10 0.1 Colonial 2,765 0.17 6 1-0
- 0 Indiana Avenue 5/21/1999 $41,819 0.1 0.26 0 0-0
- 3 Massachusetts Avenue 5/26/2010 $560,000 0.1 Conventional 1,765 0.17 4 2-1
- 6 Massachusetts Avenue 5/14/2014 $760,000 0.1 Colonial 1,912 0.09 3 3-0
- 5 Pennsylvania Avenue 4/7/2008 $1 0.1 Ranch 1,056 0.16 3 1-0
- 20 Nantucket Avenue 7/15/2022 $2,300,000 0.1 Contemporary 2,613 0.09 3 2-1
- 52 Crescent Avenue 11/14/2005 $940,000 0.1 Custom 4,095 0.2 5 4-1
- 24 Nantucket Avenue Unit A 5/4/2015 $590,000 0.1 Condo A 1,560 0 3 2-1
- 24 Nantucket Avenue Unit B 10/30/2020 $680,000 0.1 Condo A 1,408 0 2 2-1
- 24 Nantucket Avenue Unit C 8/24/2007 $739,000 0.1 Condo A 1,780 0 3 2-1
- 49 Grand Avenue 8/4/1998 $199,000 0.1 Conventional 1,710 0.12 4 1-1
- 1 Massachusetts Avenue 4/17/2015 $290,000 0.1 Bungalow 1,105 0.09 2 1-0
- 39 Grand Avenue 9/27/2018 $1,245,000 0.1 Colonial 4,399 0.34 4 0-0
- 59 Grand Avenue 6/17/2022 $720,000 0.1 Ranch 680 0.17 1 1-1
- 241 Grand Avenue 11/19/1999 $0 0.1 Motel 23,784 0.98 33 33-0
- 260 Grand Avenue 6/8/1905 $3,000 0.1 3 0 0-0
- 8 Pennsylvania Avenue 9/9/2011 $100 0.1 0.09 0 0-0
- 7 Walden Avenue Unit 1AU 7/2/2024 $100 0.1 Condo A 3,268 0 4 2-0
- 7 Walden Avenue Unit 1BU 7/10/2017 $1,450,000 0.1 Condo A 3,103 0 3 2-0
- 11 Walden Avenue Unit 2AU 12/29/2017 $1 0.1 Condo A 2,277 0 3 1-0
- 11 Walden Avenue Unit 2BU 2/23/2012 $1 0.1 Condo A 3,108 0 3 2-1
- 1 Pennsylvania Avenue 9/9/2011 $100 0.1 Cape Cod 1,586 0.17 4 2-0
- 35 Grand Avenue 5/18/2020 $1 0.1 Conventional 2,380 0.21 4 3-1
- 5 Indiana Avenue 12/6/2024 $1,360,000 0.1 Family Conv 1,961 0.13 4 2-0
- 293 Grand Avenue 4/26/2012 $750,000 0.1 Conventional 4,352 0.17 5 3-1
- 8 Forest Avenue 5/22/2015 $1,575,000 0.1 Colonial 3,920 0.58 5 3-1
- 4 Pennsylvania Avenue 9/9/2011 $100 0.1 Apartments 1,475 0.17 2 3-0
- 29 Grand Avenue 10/24/2013 $1 0.1 Colonial 1,440 0.2 3 2-0
- 8 Walden Avenue 11/8/2023 $100 0.1 Custom 3,226 0.26 4 1-1
- 3 Indiana Avenue 5/19/2017 $897,000 0.1 Gambrel 1,248 0.09 4 1-0
- 28 Nantucket Avenue Unit A 9/9/2011 $100 0.1 Family Conv 1,858 0.26 4 2-0
- 44 Grand Avenue 6/3/2021 $10 0.1 Cape Cod 2,136 0.15 4 3-1
- 42 Grand Avenue 10/19/2018 $335,000 0.1 0.17 0 0-0
- 1 Quinapoxet Avenue 10/3/2023 $3,775,000 0.1 Custom 3,150 0.14 4 3-1
- 13 Worcester Avenue 7/21/2015 $100 0.1 Colonial 1,924 0.13 3 2-1
- 7 Central Park Court 8/13/2012 $100 0.1 Colonial 3,536 0.46 6 3-0
- 71 Grand Avenue 7/2/2003 $1 0.1 Bungalow 1,252 0.09 4 1-1
Averages 4655 days $1,098,689 0.08 --- 2,573 0.25 --- ---  
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
46B12 019 071 263 Grand Avenue