NOT LISTED FOR SALE

1 Azalea Ln Chilmark, MA 02535

Chilmark Neighborhood

Estimated Value: $4,843,000 - $6,600,727

5 Beds
3.5 Baths
2,511 Sq Ft
$2,326/Sq Ft Est. Value

Last Sold November 24, 2020

Last sale price $6,000,000 $2,389 Per Sq Ft

Est. 3% decrease in value since last sale

Current estimated payment $32,352/month

88 Days on Market

About This Home

As of November 2020

"NOTE: Sale price of $6,000,000 was for the property in unfinished condition - mostly gutted down to the studs." Rarest of the rare - Ocean-view Chilmark home with swimming pool, 440 feet of private ocean beach, and big, beauteous ocean views. The house is being completely renovated and price shown is for the completed product. For buyers interested in purchasing the property at a lower price and taking over the construction project, full documentation is available to show 1) what has been done and how much it cost, 2) what is left to do and how much it will cost, and 3) proposed timeline for the completion of the work. Note that the images shown are of the house BEFORE renovation. Detached garage.

Last Agent to Sell the Property

Mark Jenkins

Wallace & Co. Sotheby's Listed on: 08/27/2020

Last Buyer's Agent

Mark Jenkins

Wallace & Co. Sotheby's Listed on: 08/27/2020

Home Details

Home Type

  • Single Family

Est. Annual Taxes

  • $11,000

Year Built

  • 1982

Lot Details

  • 8 Acre Lot

Home Design

  • 2,511 Sq Ft Home

Bedrooms and Bathrooms

  • 5 Bedrooms

Utilities

  • Well
  • Septic Tank
  • Cable TV Available

Listing and Financial Details

  • Tax Lot 5
  • $2,863,700 per year additional tax assessments

Home Details

Home Type

Single Family

Est. Annual Taxes

$11,000

Year Built

1982

Lot Details

0

Listing Details

  • Property Sub Type: Single Family Residence
  • Property Type: Residential
  • Frontage: Oceanfront
  • Lot Features: See attached documents
  • LotSizeAcres: 8
  • View: Ocean
  • Association Fees: 5000
  • Association Fee Inclusions: Tennis and road
  • Co List Office Mls Id: 741
  • Building Area Total: 2511
  • Has Fireplace?: No
  • Effective Year Built: 2018
  • Year Built: 1982
  • Special Features: None
  • Year Built: 1982

Interior Features

  • Appliances: Stove: y, Washer: y
  • Has Basement: None
  • Full Bathrooms: 3
  • Half Bathrooms: 1
  • Total Bedrooms: 5
  • Fireplace Features: 2
  • Flooring: 1
  • Interior Amenities: AC,Ins,Irr, Floor 1: Dramatic entryway, living room, dining room, kitchen, master bedroom with en suite bath and four guest bedrooms., Floor 2: Viewing deck
  • Main Level Bedrooms: 5
  • Total Bedrooms: 8

Exterior Features

  • Pool Private: No
  • Exterior Features: Deck, Garden, Patio, P/Pool, PvtBch, PubBch, WViews, Cov
  • Foundation Details: Partial unfinished concrete basement & concrete piers
  • Other Structures: Garage

Garage/Parking

  • Parking Features: Yes

Utilities

  • Heating: GFHA
  • Sewer: Septic Tank
  • Utilities: Cbl
  • Water Source: Well

Lot Info

  • Lot Size Sq Ft: 348480
  • Land Lease Expiration Date: 2021-08-25
  • Zoning: RES

Multi Family

  • Number Of Units Furnished: Unfurnished

Tax Info

  • Tax Annual Amount: 11000
  • Tax Lot: 5
  • Tax Map Number: 29
  • Tax Other Annual Assessment Amount: 2863700
  • Tax Year: 2018

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
Aug 27, 2020
Closed on
Nov 10, 2020
Sold by
Azalea Real Estate Llc
Bought by
Leff Adam B
Seller's Agent
Mark Jenkins
Wallace & Co. Sotheby's
Buyer's Agent
Mark Jenkins
Wallace & Co. Sotheby's
List Price
$7,500,000
Sold Price
$6,000,000
Premium/Discount to List
-$1,500,000
-20%
Current Estimated Value
$5,840,242

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
-$159,758
Avg. Annual Appreciation
0.17%

Purchase Details

Listed on
Jul 20, 2015
Closed on
Jun 8, 2016
Sold by
Beach Bluff T
Bought by
Azalea Real Estate Llc
Seller's Agent
Thomas Wallace
Wallace & Co. Sotheby's International Realty
Buyer's Agent
Non Member
mv.unknownoffice
List Price
$4,950,000
Sold Price
$4,192,000
Premium/Discount to List
-$758,000
-15.31%

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Avg. Annual Appreciation
8.35%
Original Mortgage
$2,400,000
Interest Rate
3.66%
Mortgage Type
Purchase Money Mortgage

Purchase Details

Closed on
Apr 2, 1982
Bought by
Beach Bluff T
Source: Public Records

Range of Values:

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Average Value
Not Available
List Price
Sold Price
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Home Values in the Area

Source: Public Records

Average Home Value in this Area

Source: Public Records

Purchase History

Date Buyer Sale Price Title Company
Leff Adam B $6,000,000 None Available
Azalea Real Estate Llc $4,192,000 --
Beach Bluff T $210,000 --
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Previous Owner Azalea Real Estate Llc $2,400,000
Source: Public Records

Property History

Date Event Price Change Sq Ft Price
11/24/2020 11/24/20 Sold $6,000,000 -20.0% $2,389 / Sq Ft
11/23/2020 11/23/20 Pending -- -- --
08/27/2020 08/27/20 For Sale $7,500,000 +78.9% $2,987 / Sq Ft
06/08/2016 06/08/16 Sold $4,192,000 -15.3% $1,669 / Sq Ft
06/01/2016 06/01/16 Pending -- -- --
07/20/2015 07/20/15 For Sale $4,950,000 -- $1,971 / Sq Ft
Source: LINK (Vineyard)

Tax History Compared to Growth

Source: Public Records

Tax History

Year Tax Paid Tax Assessment Tax Assessment Total Assessment is a certain percentage of the fair market value that is determined by local assessors to be the total taxable value of land and additions on the property. Land Improvement
2025 $18,121 $8,053,700 $5,555,200 $2,498,500
2024 $16,508 $7,786,900 $5,377,000 $2,409,900
2023 $15,814 $6,013,100 $4,135,800 $1,877,300
2022 $16,234 $5,756,800 $4,135,800 $1,621,000
2021 $12,499 $4,295,200 $2,920,900 $1,374,300
2020 $12,031 $4,206,800 $2,863,700 $1,343,100
2019 $11,831 $4,108,100 $2,863,700 $1,244,400
2018 $11,297 $4,108,100 $2,863,700 $1,244,400
2017 $11,582 $4,321,800 $3,101,900 $1,219,900
2016 $11,627 $4,290,300 $3,101,900 $1,188,400
2015 $11,322 $4,305,000 $3,101,900 $1,203,100
2014 $9,902 $3,992,600 $3,105,500 $887,100
Source: Public Records

Agents Affiliated with this Home

  • M

    Seller's Agent in 2020

    Mark Jenkins

    Wallace & Co. Sotheby's

  • Thomas Wallace

    Seller's Agent in 2016

    Thomas Wallace

    Wallace & Co. Sotheby's International Realty

    (508) 627-2777

    7 in this area

    42 Total Sales

    Thomas Wallace
    Section Image

  • N

    Buyer's Agent in 2016

    Non Member

    mv.unknownoffice

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Map

Source: LINK (Vineyard)

MLS Number: 37179

APN: CHIL-000029-000000-000005

Massachusetts Dukes County Chilmark 02535 Chilmark

1 Azalea Ln, Chilmark, MA

This home is located at 1 Azalea Ln, Chilmark, MA 02535 since 27 August 2020 and is currently estimated at $5,840,242, approximately $2,325 per square foot. This property was built in 1982. 1 Azalea Ln is a home located in Dukes County with nearby schools including Martha's Vineyard Regional High School.

Disclaimer: Certain information contained herein is derived from information provided by parties other than Homes.com. All information provided is deemed reliable, but is not guaranteed to be accurate and should be independently verified.

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