23 Gray Lane, Falmouth, MA 02540

23 Gray Lane Falmouth MA 02540
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Owner Information
Owner 1
Matthew P Oloughlin
Owner 2
Ellen B Oloughlin
Owner's Address
265 Communication Way Unit 343 Hyannis, MA 02601
Market Sale Information
Most recent sale date
5/2/2022
Previous sale date
12/21/2015
Transfer document #
229821-
Previous transfer document
208327
Grantor
Heather A Klimm
Previous grantor
Gerald Valente
Most recent sale price
$2,625,000.00
Previous sale price
$1,250,000.00
Site Information
Property ID
48 03 011 211
Lot Size
1.04
Use Code
101 - Residential, single family
Zoning
RA
Building Style
Contemporary
Number of Rooms
5
Stories
Number of Beds
2
Year Built
1961
Number of full baths
2
Condition
Average
Number of half baths
1
Finished Area
2894
Number of Kitchen
Gross Living Area
Number of Fireplaces
Bsmnt floot
Number of parking
0
Interior walls
Drywall
Floor type
Hardwood
Solar Hot Water
No
Roof Structure
Flat
Heating type
Frcd Hot Air
Roof Cover
Asphalt
Heating fuel
Oil
Frame type
Wood
Air Condition (%)
Sidings
Clapboard
Assessment Information
Fiscal Year
2024
Land Value
$1,032,700.00
Total value
$1,572,300.00
Building value
$507,000.00
Estimated tax
$9,874.00
Yard improvement value
$32,600.00
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Certified Mass Appraisal
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 23 Gray Lane Photo Plan Map Proximity Last Sold Price Net Living Area Stories Sale Price/sft $907.05 Style Contemporary Age 1961 Rooms 5 Bedrooms 2 Full baths 2 Half baths 1 Gross Living Area Heating Fuel Oil Detached Garage Lot Size 1.04 Roof Cover Asphalt AEM Value - Building $507,000.00 AEM Value - Land $1,032,700.00 AEM Value - Other $32,600.00 AEM Value - Total $1,572,300.00
A) 163 Racing Beach Avenue 0.6 6/14/2024 $1,540,000 2,223 $692.76 Ranch 1996 6 3 2 0 Gas 0.59 Asphalt $612,200 $692,200 $6,100 $1,310,500
B) 5 Cumloden Drive 0.9 3/29/2024 $1,075,000 2,334 $460.58 Ranch 1973 7 4 2 1 Gas 0.94 Asphalt $443,700 $373,200 $0 $816,900
# Address Last Sold Sale Price Dist(m) Style LA (sq ft) Lot(ac) BR F-HB
@ 23 Gray Lane 5/2/2022 $2,625,000 0 Contemporary 2,894 1.04 2 2-1 -
  Criteria
A 163 Racing Beach Avenue 6/14/2024 $1,540,000 0.6 Ranch 2,223 0.59 3 2-0
B 5 Cumloden Drive 3/29/2024 $1,075,000 0.9 Ranch 2,334 0.94 4 2-1
Averages 137 days $1,307,500 0.73 --- 2,279 0.76 --- ---  

Estimation of Market Value - $1,796,686

As of today, 09/20/2024, the estimated market value of 23 Gray Lane, Falmouth considering the above 2 comparable properties is $1,796,686.

 

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
@ 23 Gray Lane 5/2/2022 $2,625,000 0 Contemporary 2,894 1.04 2 2-1 -
  Criteria
A 18 Racing Beach Avenue 11/1/2019 $100 0.0 Cape Cod 3,962 1.5 4 4-0
B 32 Gray Lane 7/16/2015 $1 0.1 Contemporary 2,926 1.5 3 2-0
C 24 Racing Beach Avenue 10/25/2013 $1,100,000 0.1 Contemporary 3,228 0.64 3 0-1
D 15 Gray Lane 6/6/2008 $1,440,000 0.1 Contemporary 4,131 0.97 4 4-1
E 37 Gray Lane 6/24/2009 $100 0.1 Custom 6,084 0.92 5 2-2
F 24 Gray Lane 5/13/2010 $887,500 0.1 Contemporary 4,072 1.48 5 2-0
G 0 Gray Lane 10/18/2022 $1 0.1 1.48 0 0-0
H 18 Gray Lane 4/7/2016 $1 0.1 Ranch 2,048 0.95 3 2-0
I 26 Racing Beach Avenue 5/21/1996 $0 0.1 Contemporary 1,308 0.99 4 1-0
J 10 Racing Beach Avenue 6/28/2018 $1 0.1 Contemporary 8,221 1 5 4-1
K 12 Gray Lane 9/6/2023 $2,755,000 0.1 Contemporary 3,971 0.92 4 2-1
L 44 Gray Lane 10/5/1987 $2,000,000 0.1 Bungalow 3,426 7.14 5 3-1
M 0 Racing Beach Avenue 9/28/2018 $1,175,000 0.1 0.69 0 0-0
N 0 Gray Lane 2/4/1971 $0 0.1 0.31 0 0-0
O 437 Sippewissett Road 12/30/1982 $140,000 0.1 Cape Cod 2,638 0.8 4 2-1
P 19 Racing Beach Avenue 9/28/2018 $1,175,000 0.1 Gambrel 2,509 0.69 6 2-0
Q 0 Racing Beach Avenue 5/21/1996 $0 0.1 2.09 0 0-0
R 433 Sippewissett Road 12/23/2015 $10 0.1 Cape Cod 2,324 0.61 3 2-0
S 0 Gray Lane 4/7/2016 $1 0.1 0.08 0 0-0
T 6 Gray Lane 1/23/1998 $309,000 0.1 Cape Cod 2,419 0.92 4 2-1
U 7 Racing Beach Avenue 7/29/2011 $687,500 0.1 Cape Cod 2,650 0.52 4 3-1
V 27 Racing Beach Avenue 2/28/2018 $965,000 0.1 Custom 5,328 1 6 0-1
Averages 5861 days $574,283 0.09 --- 2,784 1.24 --- ---  
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
48 03 011 211 23 Gray Lane