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Provincetown Listing Of The Week – 8 Washington Ave. $1.895M

 

8 Washington Avenue is a classic Cape in the near East End just off Commercial Street. It has four bedrooms, a den and three baths all in 1,634 square feet. It is being marketed for $1.895M. One of the best!!

 

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MLS REMARKS: This handsome Classic Antique Provincetown home has been tastefully and thoughtfully updated to make a comfortable, easy to love, spacious home with lots of space for great entertaining. The open plan kitchen, living/great room opens out onto a very private patio, perfect for summer dinner parties, cocktails under the stars or an afternoon basking in the summer sun. There are four spacious bedrooms, a large den, 3 baths, nooks and crannies, perfect for a momentary escape with a good book or glass of wine – all of this just a half a block to the beach, shopping, fine dining, Provincetown’s world-renowned art galleries, nightlife and the summer ferry from Boston. In addition, there is a storage room that is just screaming to become a cabana/bar that leads onto the private patio. Listing courtesy of Seascape Realty.

 

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Provincetown 1st Quarter Results Preview

Early First Quarter Results – Will they determine the direction of the spring market?

It has been an interesting Q1 , with weather issues, political issues, and the continuing stubborn lack of inventory. There are only 40 condos on the market vs 67 last year at this time.

Despite these issues condominium sales are set to surpass last years first quarter sales by close to 30% – 30 sales vs 20 sales last year. This is a good sign of continuing strength in the market.  The average sale price is $507K and 60% of those sales were under $500K. This is a very popular price point and there were several really great properties that sold. Below are four examples.

 

SOLD $375K, studio, 329 sf
23 Winthrop St #1 – SOLD $375K, studio, 329 sf
SOLD $390K, 1/1, 330 sf
26 Pleasant St #3 – SOLD $390K, 1/1, 330 sf

 

 

 

 

 

 

 

 

 

163 Bradford #2 SOLD $397K, 1/1, 425 sf
163 Bradford #2 – SOLD $397K, 1/1, 425 sf
12 Commercial St #7, SOLD $480K, 1/1, 734 sf
12 Commercial St #7, SOLD $480K, 1/1, 734 sf

 

 

 

 

 

 

 

 

 

 

Single family home sales have been sluggish with only four selling so far this year. Last year a total of 12 had sold  in the first quarter. There are only 19 homes on the market vs 26 last year.

The economy remains strong even with the volatility in the stock market. Our outer Cape markets are feeling the same inventory pinch as markets nationwide – with absorption rates and prices increasing in both the condo and single family markets. Slightly higher interest rates should have little effect as rates have remained historically low.

Market performance will depend on new inventory entering the market coupled with buyer demand remaining strong. The complete Goode and Farmer Report will be out in early April. Look for it – and I will keep you updated throughout the spring market with new listings, current sales, and many other posts of interest.

See all properties for sale at Beachfront-Realty.com

 

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Provincetown – Listing Of The Week- 501 Commercial St #4 – $985K

501 Commercial Street #4A is a floor through unit on the west side of the building with incredible views of the harbor and downtown.  It has two bedrooms and two baths in 1,272 square feet and is being marketed or $985K.

 

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MLS Remarks: Stunning water views of Cape Cod Bay and the harbor from this corner upper floor-through condo located in the Historic Ice House. The elevator takes you to a spacious two bedroom, two bath condominium with a large living and dining room connecting to an open kitchen. The well insulated home features cork floors, ~8 ft. ceilings, central air and heating and lots of storage. Both of the large bedrooms offer roof top views of the East End Gallery district. One of the bedrooms has an en-suite bathroom. There are windows along the west side of the unit running from the kitchen to the double set of sliders leading to the deck overlooking the water. The condo includes in-unit w/d, additional hall storage and one assigned parking space.

 

See all available properties for sale at Beachfront-Realty.com.

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Provincetown Sale Of The Week – 28 Cottage Street – $1.25M

 

28 Cottage Street is a four unit multi family property ready for development. It was being marketed for $1.250M and recently sold for $1.250M.  The building has a total of eight bedrooms and four bathrooms in its current configuration with 2,455 square feet. It has a great location and a decent size lot of 4,792 square feet.

 

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MLS REMARKS: West End multi family renovation opportunity. Parking for 2-4 cars. Septic plan drawn but not yet approved by Board of Health.

See all available properties for sale at Beachfront-Realty.com.

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Provincetown – Listing Of The Week – 3 Race Road #D – $789K

 

3 Race Road #D is a two bedroom two bath stand alone condo in the West End. It has 838 square feet. We are launching this property this week with a listing price of $789K.

 

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OLYMPUS DIGITAL CAMERA

 

 

 

 

 

 

 

 

 

MLS REMARKS: New windows, and new shingles on this two bedroom two bath freestanding condominium in the West End. Beautifully furnished and ready for the 2018 season.

Thoughtfully designed throughout, this two level cottage packs a lot in the square footage with a great use of space. The first floor has an open floor plan with a well sized living room with a gas fireplace. There is a granite and stainless kitchen with a dining alcove. The charming guest bedroom has vaulted ceilings and plenty of closet space. The custom full bath has unique stone work, including travertine and river rock. The laundry center is on this floor. The second floor master bedroom suite has vaulted ceilings, a water closet and stone and marble shower with heated flooring. There are many design details like mahogany doors and frosted sliding glass panels.The large exclusive use deck extends the living area and is great for outdoor entertaining. There is one parking space and weekly rentals are permitted.

 

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OLYMPUS DIGITAL CAMERA

 

 

 

 

 

 

 

 

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Provincetown – The Highest And Lowest Priced Single Family Homes Sold In 2017

$420,000 to $3,329,000 – the range of prices of single family homes sold in Provincetown in 2017. Below are the three highest priced and the three lowest priced houses sold. As with condos the range is wide and indicative of the varied affordability present in the Provincetown market. Yes, the “Trophy” home sales take up lots of the energy and certainly are important and memorable in their own right, as they anchor the high end, but they sometimes overshadow the numerous sales of more moderately priced homes that represent most of the market.

 

The three highest priced sales (low to high)

82 Commercial $3.235M – seven bedrooms and four baths in 3,294 square feet.

 

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MLS REMARKS: This historic and iconic property is truly a Masterpiece property. Occupying one of the largest lots in the West End and known for its sweeping lawn and picket fence, the house has received the finest renovation, from top to bottom, inside to out.  Now featuring a stunning new master suite with reclaimed wood floors and walls, and a master bath with all Waterworks fixtures and tile. The kitchen is top of the line with marble counters, Wolf range, integrated SubZero fridge. Several living spaces in addition to the many bedrooms, plus 2 laundry rooms. Outside, enjoy beautiful landscaping, with decks, patios, a serene bluestone courtyard, outdoor shower, shed, and a privately sited hot tub. Prkng for 4+.

 

8 TH 3.25M – three bedrooms and four baths with 3,548 square feet.

 

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MLS REMARKS: You will find this custom built, 3BD/3.5 BA home sited high on a hill in a coveted West End location, with sweeping,panoramic views of Provincetown Harbor, Rooftop views to the Monument and even a peek of the ocean. Built in 2002 with an upside-down floor plan encompassing 3,548 square feet, amenities include wood floors throughout, a double sided fireplace,   mature gardens and an irrigation system. The kitchen has granite counters and commercial grade Viking appliances. The large, wrap-around deck offers plenty of room for entertaining. . Each of the 3 bedrooms offers an en-suite marble & limestone bath.

 

19 Commercial 3.329M – three bedrooms and four baths, 2,525 square feet.

 

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MLS REMARKS: Once in a lifetime waterfront opportunity in the heart of the historic West End! No detail was overlooked in this 2011 custom rebuild. Enter into the vast living space where the view of the bay will instantly captivate you. Designed for entertaining, guests will move easily through the open floor plan layout. The home is richly appointed with gleaming hickory floors, stunning coffered ceilings, and beautiful moldings. The chef’s kitchen features a large center island, a 6 burner Wolf Range and stone countertops. A large gas fireplace with custom mantle surround is the centerpiece of the living room, which comfortably houses two sitting areas and a large dining room.

 

The three lowest priced sales.  (low to high).

37 Court Street – $420K – two bedrooms and one bath, 720 square feet.

 

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MLS REMARKS: As the lowest priced single family home currently on the market in Provincetown, this property offers enormous potential & expansion possibilities. This corner lot ranch home offers an open, spacious livingroom/diningroom area with wood-burning fireplace, hardwood floors, galley kitchen w/pantry, master bedroom, guest bedroom, 1 bath, oil heat, gas stove. There is a large fenced-in yard area & off-street parking for 2+ cars. This home is on town sewer & water & just a short walk to Commercial St, and beach. This property is being sold in ‘AS IS’ condition. Information is deemed to be reliable, but not guaranteed. Buyer to verify all facts & details.

 

22 Kimberly Ave – $550K – two bedrooms and two baths – 1,764 square feet.

 

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MLS REMARKS: This whimsical home, owned by a local artist, is located in sought after Meadowview Heights Association close to town yet nestled on a quiet cul-de-sac lot. Open living room area with a floor to ceiling center brick fireplace, cathedral ceiling and skylight. Two bedrooms, living room with fireplace, large loft and two full bathrooms. Home is in need of updating or a great site to build your dream home.

 

 

 

 

290 Bradford Street – $575K – two bedrooms and one bath – 636 square feet.

 

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MLS REMARKS: Tucked away behind trees and privacy fencing, is this sweet two bedroom house, which is not a condo. The living/dining area is bright and sunny. Against one wall is a brick, wood-burning fireplace. The dining area is set into an over-size bay window. One bedroom is located at the front of the cottage, and the second is at the back. It has a sliding door that leads to a private patio. There are wood floors through-out. For a compact parcel, this property has a number of spots to enjoy the outdoors. There is a covered patio at the front door, a private patio at the back of the property, & along the west side you have room for gardening.

 

See all available properties for sale at Beachfront-Realty.com.

 

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Provincetown Sale Of The Week – 6 Telegraph Hill- $3.6M

6 Telegraph Hill is one of the eight homes on Telegraph Hill. With three bedrooms, six baths and and 5,508 square feet, and wonderful outside spaces –  this home just might be the best on the Hill. We were fortunate to have participated in the buyer side of this sale.

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MLS REMARKS: Capture the amazing water and town views from the moment you enter this exceptional home atop Provincetown’s Telegraph Hill. The main level with 3 fireplaces, dining room, butler’s pantry, eat-in kitchen, den, and large living room offers panoramic views from room to room and fine finishes throughout. The kitchen is a Chef’s delight – linen white Wood-Mode cabinets, center island w/ Carrara marble, built in Subzero, 2 dishwashers and 6 burner Wolf stove. On the 2nd level a superb master suite awaits with a private living area, a spacious well-appointed bath and bedroom with fireplace and views of the waterways, rooftops and iconic Monument. There are 2 guestrooms with en suite baths and water views from east to west. The home’s garden level provides an additional living area with full bath, bath, 2 car heated garage, and a dumbwaiter. The wraparound porch, 3 slate patios, and heated infinity pool provide vantage points to enjoy the unmatched views and beautifully landscaped grounds.

 

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The Goode and Farmer Report – January 2018

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Provincetown Listing Of The Week – 184 Commercial St. – $1.549M

184 Commercial Street is a mixed use building with 4,252 square feet. It consists of a large street level retail space and a total of four bedrooms and six bathrooms on the second and third floors. It is directly across from Bubbula’s in the near West End. It is being marketed for $1.549M.

 

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MLS REMARKS: Mixed use commercial and residential building ideally located in a high traffic high visibility location in the center of Provincetown. 1st floor has one 1780 SF retail space with office and lavatories. Top shelf remodel of this space was done in 2010. 2nd and 3rd floors have 2500 SF of residential space with 3 kitchen and 4 bedrooms. There are adjoining doors and stairs so the spaces can be configured as one pleases. Nice waterviews, multiple decks. Extensive renovations have been done over the years but it needs a little more to put it over the top. Septic has passed inspection. Partial basement for storage. The building is not in a designated FEMA flood zone.

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Provincetown – Studs to Shingles – The Busiest Four Corners – Race Road and Franklin Street

 

There is an amazing amount of construction going at the intersection of Race Road and Franklin Street in the West End. Two single family homes are being built; approximately 10 condos are being built, and a newly renovated condo is on the market. This great neighborhood is only a five minute walk to Commercial Street with a wonderful balance of single family homes and condos in a variety of architectural styles.

 

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The old Ronnie White property at 65 Franklin Street is being developed into ten (plus or minus) condos. The first two units are framed and being closed up for winter interior finishing. These reverse floor plan one bedroom plus condos are looking great. We hear they will be in the $700’s. More details will follow as soon as available.

 

65 Franklin Street
65 Franklin Street

 

 

 

 

 

 

 

 

 

 

The corner property at 15 Race Road was subdivided into two lots. 15 Race Road and 70 Franklin Street. The single family house at 15 Race Road is up and looking great. It has three bedrooms and three baths with 1,700 square feet. It looks like it will be done by summer. It is under contract with an asking price of  $1.350M. The google earth picture still shows the old buildings which were demolished to be replace by two new single family homes.

 

15 Race Road
15 Race Road

 

 

 

 

 

 

 

 

 

 

The other house with a 70 Franklin Street address isn’t in the ground yet. It will be a three bedroom three bath house with 1,712 square feet. Its is also under contract with an asking price of $1.349M. The rendering is shown below.

 

70 Franklin Street
70 Franklin Street

 

 

 

 

 

 

 

 

 

 

73 Franklin Street was developed into two condos.  #2 is on the market for $899K.  It is a fully renovated two bedroom, 2.5 bath condo with 1,123 square feet, with a private deck and gardens and parking for two.

 

73 Franklin St #2
73 Franklin St #2

 

 

 

 

 

 

 

 

 

 

View all properties for sale at Beachfront-Realty.com.