1 Commercial Street, Provincetown, MA 02657

1 Commercial Street Provincetown MA 02657
Click to view the Official Assessors Field Card Print Report
Owner Information
Owner 1
Provincetown Lsof Invest. LLC
Owner 2
Owner's Address
225 Water St Suite A-125 Plymouth, MA 02360
Market Sale Information
Most recent sale date
12/22/2023
Previous sale date
9/15/1986
Transfer document #
36152-136
Previous transfer document
5300-113
Grantor
Provincetown Inn LTD Prtn
Previous grantor
Provincetown Inn Cooperat
Most recent sale price
$21,642,020.00
Previous sale price
$100.00
Site Information
Property ID
5-1-2-0
Lot Size
6.03
Use Code
301 - Motels
Zoning
R1
Building Style
Hotel/Motel
Number of Rooms
62
Stories
2
Number of Beds
54
Year Built
1925
Number of full baths
54
Condition
Number of half baths
4
Finished Area
63049
Number of Kitchen
1
Gross Living Area
Number of Fireplaces
Bsmnt floot
Number of parking
Interior walls
Drywall
Floor type
Ww/ Carpet
Solar Hot Water
No
Roof Structure
Gable
Heating type
Hot Water
Roof Cover
Asph/Comp Shin
Heating fuel
Oil
Frame type
Wood Frame
Air Condition (%)
Sidings
Wood Shingles
Assessment Information
Fiscal Year
2025
Land Value
$12,166,400.00
Total value
$19,543,300.00
Building value
$7,333,600.00
Estimated tax
$102,016.00
Yard improvement value
$43,300.00
Flood Map MassMapper Google Street View
Certified Mass Appraisal
2003200420052006200720082009201020112012201320142015201620172018201920202021202220232024$0$5,000,000$10,000,000$15,000,000$20,000,000$25,000,000Total Assessment ($)ImprovementsLandBuildingTotal Assessment
Comparable Properties
1 Commercial Street$0$5,000,000$10,000,000$15,000,000$20,000,000$25,000,000Subject PropertyTotal Assessment ($)Total Assessment
Address 1 Commercial Street
Photo
Plan
Map
Proximity
Last Sold
Price
Net Living Area
Stories
Sale Price/sft $343.26
Style Hotel/Motel
Age 1925
Rooms 62
Bedrooms 54
Full baths 54
Half baths 4
Gross Living Area
Heating Fuel Oil
Detached Garage
Lot Size 6.03
Roof Cover Asph/Comp Shin
AEM Value - Building $7,333,600.00
AEM Value - Land $12,166,400.00
AEM Value - Other $43,300.00
AEM Value - Total $19,543,300.00
# Address Last Sold Sale Price Dist(m) Style LA (sq ft) Lot(ac) BR F-HB
@ 1 Commercial Street 12/22/2023 $21,642,020 0 Hotel/Motel 63,049 6.03 54 54-4 -
  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
Subject Property4 Commercial Street7 Commercial Street Unit U47 Commercial Street Unit U18-B Commercial Street Unit U14 Pilgrims Landing7 Commercial Street Unit U27 Commercial Street Unit U57 Commercial Street Unit U38-D Commercial Street Unit UA7 Commercial Street Unit U178-D Commercial Street Unit UB8-B Commercial Street Unit U28-A Commercial Street Unit U38-A Commercial Street Unit U42 Pilgrims Landing7 Commercial Street Unit U610-A Commercial Street7 Commercial Street Unit U81 Pilgrims Landing3 Pilgrims Landing6 Pilgrims Landing6 Commercial Street2 Commercial Street43719 Commercial Street1 Commercial Street$0$5,000,000$10,000,000$15,000,000$20,000,000$25,000,000Total Assessment ($)Total Assessment
# Address Last Sold Sale Price Dist(m) Style LA (sq ft) Lot(ac) BR F-HB
@ 1 Commercial Street 12/22/2023 $21,642,020 0 Hotel/Motel 63,049 6.03 54 54-4 -
  Criteria
A 7 Commercial Street Unit U1 12/29/2021 $950,000 0.1 Condo 513 0.34 2 1-0
B 7 Commercial Street Unit U5 4/20/2007 $290,000 0.1 Condo 513 0.34 2 1-0
C 7 Commercial Street Unit U2 5/2/2022 $1 0.1 Condo 513 0.34 1 1-0
D 7 Commercial Street Unit U3 5/7/2024 $1 0.1 Condo 535 0.34 2 1-0
E 7 Commercial Street Unit U4 5/21/1998 $100 0.1 Condo 535 0.34 2 1-0
F 7 Commercial Street Unit U6 10/2/2020 $1,570,000 0.1 Condo 759 0.34 1 1-1
G 7 Commercial Street Unit U8 6/5/2015 $1 0.1 Condo 1,187 0.34 2 2-1
H 7 Commercial Street Unit U17 6/26/2012 $835,000 0.1 Condo 765 0.34 2 2-0
I 1 Pilgrims Landing 2/28/2020 $1,615,000 0.1 Antique 3,454 0.3 3 3-0
J 4 Commercial Street 12/1/2021 $1 0.1 0.19 -
K 6 Pilgrims Landing 6/4/2021 $3,500,000 0.1 Contemporary 2,462 0.37 3 3-0
L 6 Commercial Street 12/1/2021 $1 0.1 New Style 2,162 0.19 3 2-1
M 2 Pilgrims Landing 12/15/2020 $840,000 0.1 Contemporary 1,814 0.22 2 2-1
N 8-A Commercial Street Unit U3 11/12/2020 $1,325,000 0.1 Condo 915 0.15 2 1-2
O 8-A Commercial Street Unit U4 11/20/2020 $1,199,000 0.1 Condo 1,019 0.15 2 1-1
P 2 Commercial Street 4/28/2014 $1 0.1 Contemporary 6,368 1.6 2 5-0
Q 8-B Commercial Street Unit U1 11/15/2024 $1,050,000 0.1 Condo 658 0.15 1 1-0
R 8-B Commercial Street Unit U2 4/9/2019 $910,000 0.1 Condo 1,114 0.15 2 1-1
S 43719 Commercial Street 12/15/2021 $8,150,000 0.1 Mu-Antique 4,019 0.42 6 5-0
T 3 Pilgrims Landing 5/2/2024 $4,300,000 0.1 Contemporary 2,728 0.22 3 3-1
U 8-D Commercial Street Unit UA 11/26/2013 $100 0.1 Condo 952 0.22 2 2-0
V 8-D Commercial Street Unit UB 8/26/2015 $10 0.1 Condo 1,063 0.22 2 2-0
W 4 Pilgrims Landing 6/17/2024 $1 0.1 0.21 -
X 10-A Commercial Street 4/27/2023 $1 0.1 Old Style 1,932 0.09 2 3-0
Averages 2374 days $1,105,592 0.09 --- 1,499 0.32 --- ---  
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
05-1-002 1 Commercial Street