2040 Ocean Street, Marshfield, MA 02050

Owner Information
Owner 1
George N Lang & Feng Z
Owner 2
Lang Ocean Street Realty Trust
Owner's Address
2040 Ocean Street Marshfield, MA 02050
Market Sale Information
Most recent sale date
4/18/2003
Previous sale date
2/1/1991
Transfer document #
24854-149
Previous transfer document
10136-311
Grantor
2040 Ocean Street Trust
Previous grantor
Rafferty Family Trust
Most recent sale price
$400,000.00
Previous sale price
$250,000.00
Site Information
Property ID
G08-06-01
Lot Size
0.56
Use Code
326 - Eating and Drinking Establishments
Zoning
B-2
Building Style
Restaurant
Number of Rooms
0
Stories
Number of Beds
0
Year Built
1971
Number of full baths
0
Condition
Good
Number of half baths
1
Finished Area
1323
Number of Kitchen
Gross Living Area
Number of Fireplaces
Bsmnt floot
Number of parking
0
Interior walls
Drywall
Floor type
Lino/Vinyl
Solar Hot Water
No
Roof Structure
Flat
Heating type
Forced H/A
Roof Cover
Tar+Gravel
Heating fuel
Gas
Frame type
Steel
Air Condition (%)
Sidings
Brick Venr
Assessment Information
Fiscal Year
2024
Land Value
$418,000.00
Total value
$583,600.00
Building value
$159,700.00
Estimated tax
$6,606.00
Yard improvement value
$5,900.00
Certified Mass Appraisal
20152016201720182019202020212022$0$100,000$200,000$300,000$400,000$500,000$600,000$700,000Total Assessment ($)ImprovementsLandBuildingTotal Assessment
Comparable Properties
2040 Ocean Street$0$100,000$200,000$300,000$400,000$500,000$600,000$700,000Subject PropertyTotal Assessment ($)Total Assessment
Address 2040 Ocean Street
Photo
Plan
Map
Proximity
Last Sold
Price
Net Living Area
Stories
Sale Price/sft $302.34
Style Restaurant
Age 1971
Rooms 0
Bedrooms 0
Full baths 0
Half baths 1
Gross Living Area
Heating Fuel Gas
Detached Garage
Lot Size 0.56
Roof Cover Tar+Gravel
AEM Value - Building $159,700.00
AEM Value - Land $418,000.00
AEM Value - Other $5,900.00
AEM Value - Total $583,600.00
# Address Last Sold Sale Price Dist(m) Style LA (sq ft) Lot(ac) BR F-HB
@ 2040 Ocean Street 4/18/2003 $400,000 0 Restaurant 1,323 0.56 0 0-1 -
  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 Property0 Willow Street2076 Ocean Street2040 Ocean Street2054 Ocean Street883 Moraine Street2016 Ocean Street1994 Ocean Street2084 Ocean Street2036 Ocean Street2021 Ocean Street2025 Ocean Street2033 Ocean Street2075 Ocean Street$0$500,000$1,000,000$1,500,000$2,000,000$2,500,000Total Assessment ($)Total Assessment
# Address Last Sold Sale Price Dist(m) Style LA (sq ft) Lot(ac) BR F-HB
@ 2040 Ocean Street 4/18/2003 $400,000 0 Restaurant 1,323 0.56 0 0-1 -
  Criteria
A 2036 Ocean Street 1/20/2021 $785,000 0.0 Office 4,480 0.67 2 1-2
B 2054 Ocean Street 8/28/2019 $490,000 0.0 Service St 1,644 0.31 0 0-1
C 2016 Ocean Street 10/29/2021 $725,000 0.1 Office 3,107 0.62 0 0-2
D 2033 Ocean Street 12/23/2019 $50,000 0.1 Boarding Hse 4,480 1.4 8 8-1
E 2021 Ocean Street 1/5/2021 $800,000 0.1 Office 3,042 0.54 3 2-4
F 2076 Ocean Street 11/26/1986 $0 0.1 Antique 1,738 1.6 4 1-0
G 2075 Ocean Street 11/26/1986 $0 0.1 Store 2,352 4.33 0 0-1
H 2025 Ocean Street 5/3/2017 $1 0.1 Victorian 2,281 0.58 2 2-0
I 0 Willow Street 12/20/1961 $0 0.1 4.3 0 0-0
J 883 Moraine Street 6/13/2023 $465,000 0.1 Office-Med 1,726 0.84 0 2-0
K 2084 Ocean Street 1/31/2005 $1 0.1 Take Out 684 1.17 0 0-1
L 1994 Ocean Street 1/1/1901 $0 0.1 Church/Syn 2,665 0.47 0 0-0
Averages 9745 days $276,250 0.08 --- 2,350 1.4 --- ---  
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
G08-06-01 2040 Ocean Street