NOT LISTED FOR SALE

Estimated Value: $1,417,000 - $2,768,000

2 Beds
1 Bath
850 Sq Ft
$2,509/Sq Ft Est. Value

Last Sold December 17, 2014

Last sale price $935,000 $1,100 Per Sq Ft

Est. 133% increase in value since last sale

Current estimated payment $12,796/month

214 Days on Market

Highlights

  • Waterfront
  • Deck
  • No HOA
  • 0.88 Acre Lot
  • Wood Flooring
  • Cottage

About This Home

As of December 2014

The Mermaid Boathouse: Simply Charming Water View Cottage On East Chop. Perched on a gentle slope overlooking Crystal Lake -- with lovely views of the ocean beyond -- this magical cottage evokes all the images of quintessential island living. This picture-perfect home has been featured in magazines like Coastal Living, Country Homes and Better Homes and Gardens. The open-designed living/dining and kitchen areas are highlighted by an entire wall of picture windows and a cozy window seat, all which maximize the amazing water views. Outside, the expansive mahogany deck, with retractable awning, is adorned with a row of white Adirondack chairs and chaise lounges, the perfect place to watch the ferries go by or read a book. Furnishings available separately for turnkey opportunity.

Last Agent to Sell the Property

Wendy Harman

Point B Realty License #448009827 Listed on: 05/01/2014

Point B Realty

Last Buyer's Agent

Lynn Buder

Landmarks Real Estate of Martha's Vineyard

Home Details

Home Type

  • Single Family

Est. Annual Taxes

  • $8,955

Year Built

  • Built in 1900 | Remodeled

Lot Details

  • 0.88 Acre Lot
  • Waterfront
  • Dirt Road
  • Gentle Sloping Lot
  • Property is zoned R2

Parking

  • Off-Street Parking

Home Design

  • Cottage
  • Block Foundation
  • Pitched Roof
  • Asphalt Roof
  • Shingle Siding
  • Clapboard

Interior Spaces

  • 850 Sq Ft Home
  • 1-Story Property
  • Laundry Room
  • Property Views

Kitchen

  • Electric Range
  • Microwave

Flooring

  • Wood
  • Tile

Bedrooms and Bathrooms

  • 2 Bedrooms
  • 1 Full Bathroom

Outdoor Features

  • Outdoor Shower
  • Deck
  • Patio
  • Porch

Location

  • Property is near a golf course

Utilities

  • Central Air
  • Heating Available
  • Electric Water Heater

Listing and Financial Details

  • Assessor Parcel Number OAKB1220

Community Details

Overview

  • No Home Owners Association

Recreation

  • Bike Trail

Home Details

Home Type

Single Family

Est. Annual Taxes

$8,955

Year Built

Built in 1900 | Remodeled

Lot Details

0

Listing Details

  • Property Type: Residential
  • Property Sub Type: Single Family Residence
  • Year Built: 1900
  • Lot Size Acres: 0.88
  • Road Surface Type: Dirt
  • Directions: From East Chop Drive, turn onto Namas Avenue. House is located on the right. Note: During summer, there are tenants in residence and a 48-hour showing notice is required except for showings on turnover days.
  • Architectural Style: Cottage
  • Carport Y N: No
  • Garage Yn: No
  • Kitchen Level: First
  • Special Features: VirtualTour

Interior Features

  • Appliances: Microwave, Electric Range, Refrigerator, Electric Water Heater
  • Total Bedrooms: 2
  • Full Bathrooms: 1
  • Fireplace: No
  • Flooring: Tile, Wood
  • Living Area: 850
  • Stories: 1
  • Room Bedroom3 Features: Bedroom 3
  • Living Room Living Room Level: First
  • Master Bedroom Master Bedroom Level: First
  • Room Bedroom3 Level: First
  • Room Bedroom2 Level: First
  • Room Bedroom2 Features: Bedroom 2
  • Master Bedroom Features: Primary Bedroom
  • Room Kitchen Features: Kitchen
  • Living Room Features: Living Room

Exterior Features

  • Exterior Features: Outdoor Shower
  • Lot Features: Bike Path, Medical Facility, Near Golf Course, Gentle Sloping, Views
  • Pool Private: No
  • View: Yes
  • Waterfront Features: Fresh
  • Waterfront: Yes
  • Construction Type: Clapboard, Shingle Siding
  • Foundation Details: Block
  • Patio And Porch Features: Deck, Porch, Patio
  • Property Condition: Updated/Remodeled
  • Roof: Asphalt, Pitched

Garage/Parking

  • Parking Features: Off Street, Stone/Gravel

Utilities

  • Cooling: Central Air
  • Heating: Other
  • Laundry Features: Laundry Room, First Floor
  • Cooling Y N: Yes
  • Heating Yn: Yes
  • Water Source: Town Water

Condo/Co-op/Association

  • Association: No

Schools

  • Junior High Dist: Martha's Vineyard

Lot Info

  • Zoning: R2
  • Land Lease: No
  • Lot Size Sq Ft: 38332
  • Parcel #: OAKB1220
  • ResoLotSizeUnits: Acres

Tax Info

  • Tax Year: 2014
  • Tax Annual Amount: 8955
  • Tax Book Number: 60146

Ownership History

Date Name Owned For Owner Type

Purchase Details

Closed on
Feb 11, 2016
Sold by
Purday Nicholas and Coon Catherine
Bought by
Purday & Coon Management
Current Estimated Value
$2,178,269

Purchase Details

Listed on
May 1, 2014
Closed on
Dec 17, 2014
Sold by
Katz Miller Ft
Bought by
Purday Nicholas and Coon Catherine
Seller's Agent
Wendy Harman
Point B Realty
Buyer's Agent
Lynn Buder
Landmarks Real Estate of Martha's Vineyard
List Price
$1,175,000
Sold Price
$935,000
Premium/Discount to List
-$240,000
-20.43%

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Avg. Annual Appreciation
8.29%

Purchase Details

Closed on
Jul 10, 2014
Sold by
Katz Jill
Bought by
Katz Miller Ft

Purchase Details

Closed on
Jan 14, 2004
Sold by
Denson Barbara D
Bought by
Katz Jill A

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$500,000
Interest Rate
5.98%
Mortgage Type
Purchase Money Mortgage
Source: Public Records

Range of Values:

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Average Value
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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
Purday & Coon Management -- --
Purday Nicholas $935,000 --
Katz Miller Ft -- --
Katz Jill A $1,000,000 --
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Previous Owner Katz Jill A $430,000
Previous Owner Katz Jill A $500,000
Previous Owner Denson Barbara $75,000
Source: Public Records

Property History

Date Event Price Change Sq Ft Price
12/17/2014 12/17/14 Sold $935,000 -20.4% $1,100 / Sq Ft
12/01/2014 12/01/14 Pending -- -- --
05/01/2014 05/01/14 For Sale $1,175,000 -- $1,382 / Sq Ft
Source: Martha's Vineyard MLS

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 $10,442 $2,067,700 $1,488,300 $579,400
2024 $10,001 $1,912,200 $1,352,500 $559,700
2023 $9,583 $1,815,000 $1,314,100 $500,900
2022 $9,561 $1,408,100 $1,011,100 $397,000
2021 $81 $1,245,500 $888,900 $356,600
2020 $8,763 $1,177,800 $846,600 $331,200
2019 $74 $1,143,100 $818,300 $324,800
2018 $8,596 $1,097,800 $769,100 $328,700
2017 $8,078 $991,200 $850,600 $140,600
2016 $7,996 $985,900 $876,900 $109,000
2015 $7,866 $988,200 $876,900 $111,300
2014 $8,718 $1,116,200 $994,200 $122,000
Source: Public Records

Agents Affiliated with this Home

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Map

Source: Martha's Vineyard MLS

MLS Number: 21403892

Martha

APN: OAKB-000001-000022