378 Commercial Street, Provincetown, MA 02657 (MLS# 22105988)
378 Commercial Street, Provincetown, MA 02657
$2,600,000
Property Type:
Commercial
Square Footage:
4,992
Lot Size (sq. ft.):
5,140
Status:
Closed
Current Price:
$2,600,000
List Date:
10/19/2021
Last Modified:
9/29/2024
Description
As colorful on the inside as it is on the outside, The Somerset House Inn, is a stand-out property on Provincetown's Commercial Street. In the heart of the gallery district, and set back from the street, the large front deck and beautiful gardens create an inviting oasis. The property offers 12 well-appointed guest rooms, comfortable common areas, on-site parking, ample space for owners and staff. Under current ownership for the last 16 years, the inn provides many fine amenities through a wide array of rooms. All rooms have: private baths, individually controlled a/c and heat, mini refrigerators, TV's, WIFI access, and quality bedding. Select rooms are oversized with seating areas, some have views of the bay, monument or townscape and fireplace rooms are a favorite in the cooler months. The fully renovated kitchen enables the preparation of a wonderful breakfast experience or special occasion event for guests. The common spaces are inviting - a lounge like living room with oversized windows and doors leading to a large deck to enjoy morning coffee, a lazy afternoon or an evening cocktail, while taking in the activities along Commercial Street and Provincetown Bay.
Supplements: The innkeepers are able to retreat to their own living area, with private bath, after a busy day of hosting. There are also bonus areas that have been traditionally used for in-house staff and 3 onsite parking spaces, with others leased nearby. This architectural gem is a very special property that awaits it next stewards to continue the long tradition of providing quality accommodations to Provincetown visitors from around the world.
More Information MLS# 22105988
Contract Info
List Price/SqFt: 539.86
Start Showing Date: 2021-10-19
Status: Closed
Original List Price: 2695000
Sold Price: $2,600,000
Current Price: $2,600,000
List Date: 2021-09-30
Legal and Taxes
Town: Provincetown
Village: Provincetown
Estimated Annual Taxes: 12225
Building Assessments: 1433400
Other Assessments: 0
Total Assessment: 1805800
Title Reference - Book: 19572-154
Underground Fuel Tank: Unknown
Flood Ins Required: Not Verified
Lead Base Paint: Unknown
Asbestos: Unknown
Elevation Certificate: No
Mass Use Code: 10 - Multiple Use Property
Street #: 378
Street Name: Commercial
Street Suffix: Street
County: Barnstable
State: MA
Zip Code: 02657
Tax ID: 12-2-40-0
Tax Year: 2021
General Property Info
Region: Outer Cape
Primary Sub-Type: Bed & Breakfast
School District: Provincetown
Secondary Sub-Type: Hotel/Motel
Zoning: TCC
Renovated: No
# of Buildings: 1
Stories: 2
Field Card SqFt: 4992
# of Units: 13
Additional SqFt Source: Unknown
Condo: No
Association: No
Business w/Real Estate: Yes
Lot Size SqFt: 5140
Lot Size Source: Field Card
Acres: 0.12
Waterfront: No
Waterview: Yes
Water Body View: Provincetown Harbor
Waterview Type: Bay/Harbor
Residential Units: Yes
Total # Res Units: 13
Commercial Units: No
Industrial Units: No
Property Includes Recording Devices: No
Total Finished Space: 4992
Year Built: 1840
Remarks & Misc
Public Remarks: As colorful on the inside as it is on the outside, The Somerset House Inn, is a stand-out property on Provincetown's Commercial Street. In the heart of the gallery district, and set back from the street, the large front deck and beautiful gardens create an inviting oasis. The property offers 12 well-appointed guest rooms, comfortable common areas, on-site parking, ample space for owners and staff. Under current ownership for the last 16 years, the inn provides many fine amenities through a wide array of rooms. All rooms have: private baths, individually controlled a/c and heat, mini refrigerators, TV's, WIFI access, and quality bedding. Select rooms are oversized with seating areas, some have views of the bay, monument or townscape and fireplace rooms are a favorite in the cooler months. The fully renovated kitchen enables the preparation of a wonderful breakfast experience or special occasion event for guests. The common spaces are inviting - a lounge like living room with oversized windows and doors leading to a large deck to enjoy morning coffee, a lazy afternoon or an evening cocktail, while taking in the activities along Commercial Street and Provincetown Bay.
Directions to Property: Route 6 to Conwell, to Bradford Street, Left on Bradford Street, Right on Pearl Street, Property at corner of Pearl and Commercial
Status Change Info
Concessions: No
Estimated Selling Date: 2022-02-14
Sold Price/SqFt: 520.83
SP/AV: 1.44
Under Contract Date: 2021-10-28
Sold Date: 2022-02-04
Sold Price: $2,600,000
Special Listing Cond
None: 1
Lot Features
Corner Lot: 1
Basement Description
Interior Access: 1
Building/Business
Business Name: Somerset House Inn
Business Operating: Yes
Conforming Use: Yes
Present Use
Hotel/Motel: 1
Parking Features
Off Street: 1
Business Includes
Business Includes Comments: Name, Good will, FF&E
Business Name: 1
Equipment: 1
Goodwill: 1
Waterview Direction
South: 1
Foundation Details
Brick/Mortar: 1
Water View Desc
Bay: 1
Beach Description
Bay: 1
Beach Ownership
None: 1
Floors
Carpet: 1
Tile: 1
Wood: 1
Walls
Sheet Rock: 1
Utilities
Cable: 1
Electricity: 1
Gas: 1
High Speed Internet: 1
Sewer
Public Sewer: 1
Exterior Features
Sign: 1
Building Features
Private Yard: 1
Fencing
Fenced: 1
Roof Description
Asphalt: 1
Siding Description
Shingle: 1
Heating
Hot Water: 1
Cooling
Wall Unit(s): 1
Fuel Type
Oil: 1
Water
Public: 1
Hot Water
Water Heater: 1
Hot Water Source
Electric: 1
Seasonal
Year Round: 1
Gas
On Site: 1
Owner Living Qtrs
1 Bedroom: 1
Kitchen
Dishwasher: 1
Gas Stove: 1
Microwave: 1
Refrigerator: 1
Miscellaneous
Deck - All: 1
Patio - All: 1
TV - All: 1
Baths
Full - All: 1
Property Features
Special Listing Cond: None
Present Use: Hotel/Motel
Business Includes: Business Name; Equipment; Goodwill
Lot Features: Corner Lot
Parking Features: Off Street
Waterview Direction: South
Water View Desc: Bay
Beach Description: Bay
Beach Ownership: None
Floors: Carpet; Tile; Wood
Walls: Sheet Rock
Foundation Details: Brick/Mortar
Basement Description: Interior Access
Building Features: Private Yard
Fencing: Fenced
Roof Description: Asphalt
Siding Description: Shingle
Heating: Hot Water
Cooling: Wall Unit(s)
Fuel Type: Oil
Water: Public
Hot Water: Water Heater
Hot Water Source: Electric
Seasonal: Year Round
Utilities: Cable; Electricity; Gas; High Speed Internet
Sewer: Public Sewer
Gas: On Site
Owner Living Qtrs: 1 Bedroom
Miscellaneous: Deck - All; Patio - All; TV - All
Kitchen: Dishwasher; Gas Stove; Microwave; Refrigerator
Baths: Full - All
Documents
Listing Office:
William Raveis Real Estate & Home Services
Listing Agent:
Robert Tosner
Last Updated: September - 29 - 2024
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