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Sale Of The Week

Provincetown sale of the week.

20 Bradford Street sold for $607,500. It is a adorable small single family that you all know at the top of the Bradford Street Hill near Franklin Street.  It has 2 beds and 2 baths and 994 sf. Its always been a great looking small cape house, sandwiched in between two much larger buildings on Bradford Street. The complete renovation of the house in 2007 created a well crafted updated house with terrific outside spaces.

 

20 Bradford

 

MLS COPY: This charming two bedroom, single family home was totally renovated in 2007. The high ceilinged living room has wood floors, a gas fireplace, and French doors leading to a bluestone patio and sunny garden with deck. There is a high end kitchen with stainless steel appliances and 5 burner gas stove. A half bath completes this level. Upstairs are a guest bedroom and a master bedroom, which share a full bath with large, marble walled, glass enclosed shower. A cozy deck has stairs leading to a rooftop deck with panoramic harbor views. Gas hot water heat, parking(1), full basement(shoulder height) excellent rental income (2500/wk)

 

 

 

 

It packed a lot into the small lot of 1,700 sf. lot. Two beds, two baths, a great kitchen,a deck off the 2nd floor bedrooms and a roof deck – along with a good sized back yard .

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$1M Plus Sales To Date

The $1M+ market sales

Six properties have sold so far this year worth $9.8M.  Including three single family properties, one condo and two inns. Buyer activity is strong with elevated demand for high quality East and West End singles.

21 Bradford Street Ext. #13, sold for $1.015M. It is a 3 bedroom, 4 bath condo with 2,244 square feet.

 

21 BSE #13

MLS COPY: This quality construction luxury townhome features a first floor living area with a gourmet kitchen with a tile floor, oversized center island and sitting area, perfect for gathering. There are granite countertops, custom cabinetry, Jenn-Air appliances and it opens to a patio and gardens. The living room has a gas fireplace, maple floors, crown molding and double sitting areas. There is a welcoming front covered porch. Upstairs you will find a master bedroom with a rear balcony, en suite bath with double vanity, tiled shower stall & a separate soaking tub. Two additional bedrooms also have en suite private baths. The 3rd floor bedroom has a separate sitting area & opens to the 2 level roof deck with Jacuzzi & views of Provincetown. This quality home is just a short walk to the moors, National Seashore & all that Provincetown has to offer.

 

 

 

 

 

73 Commercial Street sold for $2,850M. It is a 3 bedroom, 4 bath West End single family with 2,418 square feet.

 

73 CommercialMLS COPY: West End waterfront living at its absolute best! Lovingly renovated and restored, each level of this exquisite residence offers a feast for the eyes. Perched at the peak of the house, is the master suite with a beamed cathedral ceiling, ensuite bath and home office. The views from this level are wide and stunning. On the second floor is the main living room with beamed ceilings, built-ins and a large bayside deck. There is also a guest bedroom and full bath on this level. The first floor has another guest bedroom with ensuite BA. The large eat-in kitchen with high end appliances opens onto a deck and the lush lawn and well tended gardens. This backyard setting is unparalleled.

 

75 Franklin Street sold for $ 1M. It is a 4 bedroom, 4 bath single family home in the West End with 3,064 square feet.

 

75 Franklin

MLS COPY: West End Arts & Crafts Gem built in 2001. The first floor features a living room with afield stone fireplace and a separate library reading room. There is a two story dining room, modern kitchen with stainless appliances and granite counter tops and a wall of windows that opens to the private backyard. There are also 2 guest bedrooms and a bath on the first floor. Upstairs you will find a master bedroom and tiled bath suite complete with a sitting room and a study with a private deck, perfect for morning coffee. On the lower level there is a library, a full bath and ample storage. Outside there is a well landscaped yard, a storage shed, ample parking.

 

 

4 West Vine St sold for $1.225M. It is a two unit West End home with 2,1o4 square feet.

4 W VineMLS COPY: Rarely available West End home! This antique two-family is supremely located in the heart of the historic West End village, just steps to the beach. The 1st floor is beautifully renovated with gleaming pine floors, 2 amply sized bedrooms each with en-suite tiled bathrooms, granite counters, a large dining area, gas fireplace, and office nook. The unit is accessed from the front yard, with its lush lawn, surrounded by a white picket fence. Upstairs, the other apartment has a large living room with a view to the water past Captain Jack’s wharf, a formal dining room, kitchen, bedroom and bath. On site parking & lovely grounds round out this offering. Enjoy turnkey rental income from both units.

 

7 Cook Street, The Inn At Cook Street sold for $1.650M.

 

7 Cook INNMLS COPY: You’ll be enchanted by this lovely property, a 3-building compound which is presently run as a successful B&B, the Inn at Cook Street, with a total of 8 licensed rooms. The main house was built in 1836 and has been lovingly restored and impeccably maintained. With 4 guest rooms and 2 suites in the main house, other features include a new high-end kitchen, pine floors, custom moldings, several fireplaces,3 rooms with outside entrances, and lots of light. Also on the property are two free standing cottages, one with a kitchen. The grounds are beautifully landscaped, and feature a koi pond and an irrigation system. There is parking for 3 cars. Great income.

 

 

7 Central Street Inn, formerly The Central House sold for $2.060M.

 

7 Central INNMLS COPY: The Carriage House is one of Provincetown’s premier Bed & Breakfasts, providing discerning travelers the perfect blend of luxurious space, amenities, privacy and location. Just a half block off Commercial Street,in the heart of the West End, this property is beautifully situated for a year round business.Each of the 13 licensed rooms offers AC, flat scrn TVs,DVD/CD players, sumptuous linens, refrigerators, high-end toiletries & complimentary wi-fi. Many of the guest rooms enjoy private patios, and the beautiful common courtyard features an inviting hot tub and a sauna. The enclosed front porch is a cozy place to sit by the fire. Prkng for 10 cars on-site & a 2 rm manager’s suite complete the offering. This B&B is a member of the Distinctive Inns of Provincetown. Offered beautifully furnished.

 

 

In a recent post, The Million Dollar Plus Market In Provincetown, I illustrated many of the properties on the market in this segment.

Last year 11 properties over $1M sold year to date with $17.6M in sales volume, including 6 single family homes, 2 multi family properties and 2 Hotel/Motel/Inns.

 

 

 

 

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Not Your Grandaddy’s Cottages!

 

Interesting post by Scott re. a cottage development on Cape.

Not Your Granddaddy’s Cottages

Posted by Scott Van Voorhis May 22, 2014 09:32 AM

The Heritage Sands flak pitched the oceanfront project as emblematic of a growing trend towards old-fashioned, cottage-style vacation homes on the Cape.

Goodbye McMansions and hello little seaside cabins.

OK, these are definitely not McMansions. But it would be a stretch to call the upscale homes taking shape at the new Heritage Sands development in Dennis Port cottages, at least in the classic Cape sense of a one or two room getaway that might have been built by your grandfather over a weekend.

The first phase of the 63-unit project is taking shape on a prime, eight-acre stretch of Nantucket Sound waterfront. Previously an RV park called Grindells, it is set to open this fall.

Illustration, Heritage Sands.png

So first a little reality check. Ranging in size from 900 to more than1,300 square feet, we are talking about weekend getaways pads that are more the size of a small home than a cottage.

Nor are the prices particularly cottage-like, ranging from $365,000 – about the value of my Natick home – to $671,000. That’s a lot of cash period, let alone for a second home.

All that said, I think the concept is kind of cool, even if it is way out of my price range – and that of a lot of other buyers out there well.

Instead of mansioning off the waterfront with another ostentatious estate, the project will bring dozens of families down to the seashore, with the project taking shape right along the beach.

Of course, the old Grindells provided a similar escape for the RV crowd, but sorry, an RV parking lot, however affordable, is not my thing.

Not alone, a number of other cottage-style developments are also taking shape in other Cape towns, including Mashpee and Brewster, the Heritage Sands flak helpfully pointed out.

One thing you can’t do is camp out year round at your new Cape escape on Heritage Sands year round. While you can stay as much as you want from April 1 to October 31, buyers are rationed on the number of off-season days they can spend in their cottages.

Seems a bit odd, since the homes have heat, but I don’t have the answer to that one right now.

While it’s easy to poke fun of the humble spin given to these new, upscale and ultramodern vacation homes – after all, they are far from your 1930s style seaside camps and cabins – times and expectations change.

“The old cottages reflect the space standard of a bygone era,” Daniel Fortier, Dennis Port’s town planner, told the Cape Cod Times. “What people were willing to go to 80 years ago and the amenities they want today are very different.”

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Birders Dream On Shank Painter Pond Wildlife Sanctuary

Check out the Video and sounds of Shank Painter Pond Wildlife Sanctuary…steps outside the back doors of 46 Shank Painter Road.

The surprise is that this gorgeous house on the pond is in the near West End of Provincetown and only 5 minutes from Commercial Street close to all. This 14 year old contemporary Cape has a luxurious chefs kitchen with double ovens, 2 large bedroom suites, a sauna, hot tub and two out door dining areas, a separate den…and a meditation room! 46 Shank Painter Road is being marketed for $998,000.

 

front of house 1
Front of house at 46 Shank Painter Road
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Rear of house from Shank Painter Pond showing multiple decks

 

 

 

 

 

 

 

 

 

 

 

46 Shank Painter Road is being marketed for $998,000.

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The Million Dollar Plus Market In Provincetown

In many markets the “high-end” or above $1M market is the most visible market. The same holds true in Provincetown. The big waterfront homes, the “trophy” properties, the East End and West End compounds all draw interest and gossip. But interestingly enough many of these homes are wonderful family and year round properties, very accessible and in fact well priced for the amount of house and value that you get.

There are currently 37 properties (single family and condos) on the market above $1M representing 23% of the available  inventory of 157 properties. In stark contrast only 13% of 2013 sales were for properties with selling prices over $1M. This means that properties take a little longer to sell in this price segment as there is more competition for buyers eyes and dollars. We need to remember that the second home market in a ny price point is not as fast paced and dramatic as the primary home market. For many this means a more relaxed buying and selling process.

See nine of my favorites below.  Click on the address for a link to the property detail on Beachfront Realty.com.

8 Kimberly Lane, $1.050M, 4/5, 1,946 sf.
8 Kimberly Lane, $1.050M, 4/5, 1,946 sf.
5 Heathers Way, $1.075M, 3/4, 2,933 sf.
5 Heathers Way, $1.075M, 3/4, 2,933 sf.
21 Bradford St Ext #17, $1.125M, 3/4, 2,160 sf condo.
21 Bradford St Ext #17, $1.125M, 3/4, 2,160 sf.

 

 

 

 

 

 

 

416 Commercial St. $1.295M, 4/2, 2,742 sf.
416 Commercial St. $1.295M, 4/2, 2,742 sf.
10 R Commercial St 1.795M, 4/4, 2,914 sf.
10 R Commercial St 1.795M, 4/4, 2,914 sf.
524 Commercial St. $1.725M, 3/4, 3000 sf.
524 Commercial St. $1.725M, 3/4, 3000 sf.

 

 

 

 

 

 

 

 

67 Commercial St #4, $1.899M, 2/2, 969 sf.
67 Commercial St #4, $1.899M, 2/2, 969 sf.
7 Telegraph Hill, $2.599M, 3/4, 3,736 sf.
7 Telegraph Hill, $2.599M, 3/4, 3,736 sf.
10 Harbour Drive, 5/6, 4,233 sf.
10 Harbour Drive, 5/6, 4,233 sf.

 

 

 

 

 

 

 

 

As you can see from the choices above these available properties represent all styles – traditional large Cape, Antique, modern – there are even 3 condominiums available in this price range.

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Unique Cape Cod Listings – CurbedCapeCod

CurbedCapeCod’s a fun post includes one Provincetown artists studio –

10 Unique Cape & Islands’ Listings 

 

by Jazmine Donaldson

It’s time once again for Curbed Comparisons, where we break down what you can get at the same price point, style or size in various Cape and Islands neighborhoods. This week, the most unique listings we could find.

uniquemay.jpg

What do Julia Roberts, a Broadway producer, wildlife galore, and Sigmund Freud all have in common? They’re all mentioned in Cape and Islands’ listings, of course. Behold, a special edition of Curbed Comparisons featuring 10 of the most unique listings from Cape Cod, Martha’s Vineyard and Nantucket.

DOCKUMINIUM
Kicking off at Kingman Yacht Center with a Dockominium lease for 99 years (began in 1989). “The slip will house a vessel up to 40 feet in length and 14 feet wide” and is yours for $135,000.
1 SHIPYARD LANE, POCASSET, MA 02559
JULIA ROBERTS
Per the brokerbabble, “Julia Roberts stayed in this guest house.” The folks over at The Real Cape were unimpressed, but if you are and you’ve got $2.7 million, ocean views and a celebrity connection await.
16 MASSACHUSETTS COURT, FALMOUTH, MA 02540
AIRPARK ABODE
Located in Falmouth Airpark, here’s a 4BR, 3.5BA with its very own hangar featuring “direct access to the end of the runway and… enough room for cars, a small boat, motorcycles and an airplane.” Asking price is $836,000.
49 QUIMBY LANE, EAST FALMOUTH, MA 02536
PLAYBILL: NEW SEABURY
The house itself is a typical 1972 Contemporary, but “multiple living areas and decks once hosted elegant parties thrown by the previous owner a renown Broadway producer.” Perhaps that’s who left the piano behind? Regardless, the New Seabury spread is yours for $375,000.
197 FELLS POND ROAD, MASHPEE, MA 02649
FREUD +/- CROQUET
When we first wrote about this dreamy Colonial back in October, the listing was claiming a Sigmund Freud connection, but no longer. Per the current brokerbabble, “it is recorded that the first game of croquet in America was played on this lawn.” Either way, some sort of bragging rights are yours for $839,000.
86 PUTNAM AVENUE, COTUIT, MA 02635
CAMP RETREAT
“Calling all artists, writers, hunters and those with the desire for solitude,” your 2.5 acre camp retreat on the Great Marsh awaits. It’s “wildlife galore” for $125,000.
311 NAVIGATION ROAD, WEST BARNSTABLE, MA 02668
ARTIST STUDIO
Here’s a 334-square-foot year-round artist studio in the West End with parking. Asking price is $129,900.
19 MEADOW ROAD, PROVINCETOWN, MA 02657
LEGAL EAGLE
Calling all wonkish legal historians, “This dramatic retreat has been the long-time summer sanctuary of the former U.S. Attorney General Nicholas Katzenbach.” Yup, and it’s yours for $3.5 million.
THUMB POINT ROAD, VINEYARD HAVEN, MA 02568
HANGAR H-7
“Hangar #H-7 is the second largest private hangar at the Martha’s Vineyard Airport. It currently garages a Cessna Citation Jet C-525.” The hangar, minus the jet, is asking $175,000.
MARTHA’S VINEYARD AIRPORT (MVY), 71 AIRPORT ROAD, WEST TISBURY, MA 02568
CANDLE FACTORY
“This building is believed to have once been a candle factory” and is now a 3BD single-family on the market for $1,195,000.
1 HIGH STREET, NANTUCKET, MA 02554
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Goode and Farmer Report – Provincetown, Truro and Wellfleet Q1 2014

While it is tough to identify trends in the first quarter – especially a quarter rocked nationally and locally by severe winter weather, local sales and prices are bucking the national trends that show moderating sales numbers. First quarter results here on the outer cape were surprisingly strong given the relentless winter weather.

The average price of condos sold in Provincetown was up 25%. Single-family prices were up 6%. And in Wellfleet, 48% more single-family properties sold than last year. Total sales in Provincetown were up 22% from 31 sales in the first quarter of 2013 to 38 sales in 2014. Total volume closed was up 33% from $18.5M to $24.7M this year.

There were 24 condominium sales in the first quarter vs. 16 last year, an increase of 50%. And total condo sales volume increased 87% to $11M. The average sale price for condominiums in Provincetown was up 25% to $460K from $368K in 2013. Average days on market for condos decreased by an average of 37. The average price per square foot for condos sold was $500, up from $410 psf in the 1st quarter of 2013.

The average sale price for a single-family home was up 6% to an average sale price of $1.086M from $1.02M in 2013. Single-family home sales in Provincetown decreased by 33% to 6 from 9. Many of us feel that this is a result of lower inventory and not a true indication of market strength.

Provincetown continues to lead the way on the outer Cape with higher prices and higher sales volume. It continues to attract international buyers and buyers from around the country who have visited over the years who now want to have a home here on the Outer Cape.

This market dynamic continues to build the case for a strong spring market. It remains an historically opportune time for those sellers who have been waiting on the sidelines to put their property on the market. This strong demand for Provincetown real estate by more confident buyers has proven itself in higher sales numbers. The snow is gone and temperatures are finally above 40. Let the spring market begin.

 

Provincetown Chart

 

 

 

 

 

 

 

 

 

 

 

Other towns on the Outer Cape did relatively well too. The average sales price for single-family properties in Truro was up 19% to $733K from $617K in 2013. The number of sales was down to 8 sales from 14 last year. The Truro market consists mostly of single-family homes.

In Wellfleet, the average sales price of single-family properties sold increased 2% to $521K from $510K last year. The number of sales increased by 44% to 13 from 9 in 2013. Wellfleet is predominantly a single-family sales market as well.

 

Trueo Wellfleet chart

 

 

 

 

 

 

 

 

 

 

 

While these numbers are relatively strong it is always difficult to identify trends in the first quarter The one constant in each town and each category is increasing prices, even with the weather and a shortage of inventory. This illustrates a very resilient market and strong buyer demand.

Buyers do need more choices though as inventory remains low. Positive buyer and seller attitudes coupled with a continuation of relatively low mortgage rates and an improving economy bode well for 2014 being a great year to jump into the market.

Please call or stop in if you are considering selling or buying, or if you are just curious as to what your home is worth. Our business philosophy has always been that the best-informed buyers and sellers are most satisfied with their real estate results. And that’s what we do best!

 

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Favorite Listing Of The Week

If there ever was a quintessential West End Cottage this is surely it. 12 Atwood Avenue #B, offered at $525,000 is a 696 square feet one bedroom cottage in the West End.

 

12 Atwood Ave #2

 

 

 

 

 

 

 

This charming wood frame cottage is set back from a private unpaved lane behind a honeysuckle covered white picket fence. This 696 square foot 1 bedroom 2 story cottage is the ultimate Provincetown retreat. The living room is at the front of the Cottage and has a large wood burning fireplace. There is a dining room/den next to the kitchen in the rear of the first floor. The entire second floor is a large bedroom and bath with large windows and wonderful sight lines to lovely Atwood Avenue.

 

living room 2

living room 3

kitchen 1

dining

 

 

 

 

 

 

The Cottage at 12 Atwood Avenue has just been organized into an independent 2 unit condo complex. The Cottage has a large exclusive use garden area, parking and 696 square feet.

 

bedroom 2

garden 1

kitchen 2

garden umbrella

 

 

 

 

 

 

The Cottage is a rare offering providing charm and  privacy.  It is a block from the bay, a block from Victors Restaurant, and in an association crafted for independent living. Offered at $525,000.

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Listing Of The Week

Our favorite new listing of week, and not just because it is ours! 596 Commercial Street #1. This is a 2 bedroom 2 bath 1,085 square foot townhouse with an incredible water view deck off the master bedroom and is being marketed at $580K.

 

596 Com #4

596 comm 2

596 Comm

596 Com beach

 

 

 

 

 

MLS COPY: Water view townhouse with deeded beach access on Commercial St in a charming East End neighborhood. Updates in recent years include kitchen, bathrooms and flooring. 2 bedrooms and 2 full baths. Private balcony off the master with a nice water view. Washer and dryer in unit. 1 pet per unit is allowed and rentals of one month or longer are permitted. 1 off street parking space.

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$459K On The Cape

I  love Curbed Boston/Cape Cod “comparison” posts. While our business is focused mostly in Provincetown and Truro it’s always interesting to see whats happening “up Cape”. There are some terrific deals here.

What $459,000 Can Buy You Around Cape Co

 Jazmine Donaldson

It’s time once again for Curbed Comparisons, where we break down what you can get at the same price point, style or size in five different Cape and Islands neighborhoods. This week, listings for $459,000.

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Here now, 10 Cape Cod properties asking $459,000 – seasonal, year round, fixer uppers, turn-key, upside-down, a lakefront cottage, condos, and space for the in-laws – with a little something for everyone.

What $459K Can Buy Around Cape Cod
BOURNE
Kicking off in the village of Gray Gables with an updated 2BR, 1BA ranch across from the Cape Cod Canal. The 1,183 square footer was built in 1948 and is asking $459K.
95 JEFFERSON ROAD, BUZZARDS BAY, MA 02532
FALMOUTH
Here’s a Sippewissett townhouse with 3BR, 2.5BA in 1,611 square feet. The two-level unit was built in 1998 and asking $459K.
37 CARLSON LANE, FALMOUTH, MA 02540
SANDWICH
This 4BR, 3.5BA East Sandwich Cape comes with a first floor master, 1BR in-law, and multiple fireplaces. The 2,922 square footer hit the market in September looking for $479K and is now asking $459K.
5 RIDGEWOOD DRIVE, EAST SANDWICH, MA 02537
MASHPEE
Here’s another renovated 2BR, 1BA ranch, this one in the village of Popponesset with deeded rights to Popponesset Beach (say that fast, five times). The 1,128 square footer on .15 acres was built in 1960 and is asking $459K.
38 UNCLE EDWARDS ROAD, MASHPEE, MA 02649
CENTERVILLE
Behold, a “charming 1 bedroom, 1 bath cottage on 0.51 Ac. overlooking Wequaquet Lake.” The 512 square footer sits on .51 acres and features a private dock. The spread hit the market in 2011 looking for $595K, but three chops have brought the ask down to $459K.
107 HUCKINS NECK ROAD, CENTERVILLE, MA 02632
DENNIS
In Dennis Village, here’s a 3BD, 2BA “Adorable Story Book Half Cape With Distant Bay Views.” The 1,441 square footer on .57 acres last sold in 2008 for $440K and is now listed for $459K.
26 PACKET DRIVE, DENNIS, MA 02638
SOUTH YARMOUTH
“Overlooking the 7th and the 16th hole” in Par 11 Estates is this 1,668 square foot 3BD, 2BA ranch. Located on the appropriately named Driving Tee Circle, the renovated digs are yours for $459K.
106 DRIVING TEE CIRCLE, SOUTH YARMOUTH, MA 02664
CHATHAM
Look, a ranch! Built in 1982, this 3BR, 2BA on .3 acres is “tucked back off the road” and features central air. Yours for $459K.
192 ORLEANS ROAD, NORTH CHATHAM, MA 02650
ORLEANS
The brokerbabble starts off by calling this property “unique” and we couldn’t agree more. Built in 1950, this 4BR, 3BA saltbox-and-then-some sits on 1.14 acres on the fun sounding Frost Fish Lane and is yours for $459K.
15 FROST FISH LANE, ORLEANS, MA 02653
TRURO
Finally, to a 3BR, 2BA upside-down contemporary with multiple decks and natural landscaping “so you can spend more time relaxing and enjoying this wonderful retreat without upkeep.” The 1,742 square footer on .81 acres hit the market in May 2013 for $479K, but is now yours for $459K.
9 GLACIER DRIVE, TRURO, MA 02631