NOT LISTED FOR SALE

Estimated Value: $3,290,000 - $5,186,000

3 Beds
3 Baths
1,724 Sq Ft
$2,525/Sq Ft Est. Value

Last Sold January 27, 2020

Last sale price $2,465,000 $1,430 Per Sq Ft

Est. 77% increase in value since last sale

Current estimated payment $23,867/month

134 Days on Market

Highlights

  • Ocean Front
  • Deck
  • No HOA
  • Tennis Courts
  • Granite Countertops
  • Fireplace

About This Home

As of January 2020

No shoes, no shirt - no problem. This beach house is one of the closest homes to South Beach in all of Katama and it is just 150 yards to the Atlantic Ocean itself. Wake to the sound of the waves on South Beach and the gulls swooping overhead. Enjoy your morning coffee on the deck with views of the Ocean over the dune. A secluded path beside the house leads down to Atlantic Drive where you cross over to South Beach. It's so close you can pop home to make a sandwich and then turn around and head back to the beach for more sunning and body surfing. Upgrades have been made and the property offers a fine canvas for you to work with. The house offers a split level open floor concept with kitchen, living and dining area on one level then as you walk down a few steps there are three large bedroom and three bathrooms. Properties in this area generate significant rental income for their owners. For those who dream of Katama, this could be your dream come true.

Last Agent to Sell the Property

Bonnie Pierce

Wallace & Co. Sotheby's International Realty License #448003508 Listed on: 07/25/2019

Wallace & Co. Sotheby's International Realty

Co-Listed By

Mark Jenkins

Wallace & Co. Sotheby's International Realty License #448006617

Last Buyer's Agent

Bonnie Pierce

Wallace & Co. Sotheby's International Realty License #448003508 Listed on: 07/25/2019

Wallace & Co. Sotheby's International Realty

Home Details

Home Type

  • Single Family

Est. Annual Taxes

  • $9,527

Year Built

  • Built in 1978

Lot Details

  • 0.6 Acre Lot
  • Ocean Front
  • Near Conservation Area
  • Garden
  • Property is zoned R60

Parking

  • 1 Car Garage

Home Design

  • Shingle Roof
  • Shingle Siding

Interior Spaces

  • 1,724 Sq Ft Home
  • 1-Story Property
  • Built-In Features
  • Fireplace
  • Property Views

Kitchen

  • Electric Range
  • Dishwasher
  • Granite Countertops

Flooring

  • Carpet
  • Tile

Bedrooms and Bathrooms

  • 3 Bedrooms
  • 3 Full Bathrooms

Laundry

  • Electric Dryer
  • Washer

Outdoor Features

  • Outdoor Shower
  • Tennis Courts
  • Deck

Location

  • Property is near a golf course

Utilities

  • Forced Air Heating and Cooling System
  • Liquid Propane Gas Water Heater
  • Septic Tank

Listing and Financial Details

  • Assessor Parcel Number 5220

Community Details

Overview

  • No Home Owners Association

Recreation

  • Tennis Courts
  • Bike Trail

Home Details

Home Type

Single Family

Est. Annual Taxes

$9,527

Year Built

Built in 1978

Lot Details

0

Parking

1

Listing Details

  • Property Type: Residential
  • Property Sub Type: Single Family Residence
  • Year Built: 1978
  • Lot Size Acres: 0.6
  • Road Frontage Type: Public
  • Co List Office Mls Id: WALL
  • Co List Office Phone: 508-627-3313
  • Directions: Katama Road to Navy Way - Follow Navy Way all the way to end where Navy and Mattakesett intersect #106 on left. Owners in residence at least 24 hours notice please.
  • Garage Yn: Yes
  • Year Built Details: Actual
  • Kitchen Level: First
  • Special Features: None

Interior Features

  • Appliances: Dishwasher, Washer, Electric Range, Refrigerator, Dryer - Electric, Propane Gas Water Heater
  • Basement: Other
  • Total Bedrooms: 3
  • Full Bathrooms: 3
  • Fireplace: Yes
  • Flooring: Carpet, Tile, Other
  • Living Area: 1724
  • Stories: 1
  • Room Bedroom3 Features: Bedroom 3
  • Dining Room Features: Dining Room
  • Living Room Living Room Level: First
  • Kitchen Description: Countertops: Granite
  • Master Bedroom Master Bedroom Level: First
  • Room Bedroom3 Level: Second
  • Room Bedroom2 Level: Second
  • Room Bedroom2 Features: Bedroom 2
  • Master Bedroom Features: Primary Bedroom
  • Room Kitchen Features: Built-in Features, Kitchen
  • Living Room Features: Living Room
  • Dining Room Dining Room Level: First

Exterior Features

  • Exterior Features: Tennis Court(s), Outdoor Shower, Garden
  • Lot Features: Bike Path, School, Shopping, Near Golf Course, Public Tennis, Medical Facility, In Town Location, Harbor, Conservation Area
  • Pool Private: No
  • View: Yes
  • Waterfront Features: Ocean Front
  • Waterfront: No
  • Construction Type: Shingle Siding
  • Patio And Porch Features: Deck
  • Roof: Shingle

Garage/Parking

  • Attached Garage: No
  • Garage Spaces: 1
  • Parking Features: Detached

Utilities

  • Cooling: Central Air
  • Heating: Forced Air
  • Sewer: Septic Tank
  • Cooling Y N: Yes
  • Heating Yn: Yes
  • Water Source: Town Water

Condo/Co-op/Association

  • Association: No

Lot Info

  • Zoning: R60
  • Land Lease: No
  • Lot Size Sq Ft: 26136
  • Parcel #: 5220
  • ResoLotSizeUnits: Acres

Tax Info

  • Tax Year: 2019
  • Tax Annual Amount: 9527
  • Tax Book Number: 706-781

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
Jul 25, 2019
Closed on
Jan 17, 2020
Sold by
Yett Audrey H
Bought by
106 Mattakessett Way Llc
Seller's Agent
Bonnie Pierce
Wallace & Co. Sotheby's International Realty
Buyer's Agent
Bonnie Pierce
Wallace & Co. Sotheby's International Realty
List Price
$2,950,000
Sold Price
$2,465,000
Premium/Discount to List
-$485,000
-16.44%
Current Estimated Value
$4,353,670

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$1,888,670
Avg. Annual Appreciation
9.42%
Original Mortgage
$1,848,750
Outstanding Balance
$1,644,394
Interest Rate
3.73%
Mortgage Type
Purchase Money Mortgage
Estimated Equity
$2,466,018
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
106 Mattakessett Way Llc $2,465,000 None Available
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Open 106 Mattakessett Way Llc $1,848,750
Source: Public Records

Property History

Date Event Price Change Sq Ft Price
01/27/2020 01/27/20 Sold $2,465,000 -8.7% $1,430 / Sq Ft
12/06/2019 12/06/19 Pending -- -- --
11/06/2019 11/06/19 Price Changed $2,700,000 -8.5% $1,566 / Sq Ft
07/25/2019 07/25/19 For Sale $2,950,000 -- $1,711 / 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 $9,419 $3,554,500 $2,410,700 $1,143,800
2024 $8,678 $3,403,300 $2,410,700 $992,600
2023 $8,060 $3,198,600 $2,511,300 $687,300
2022 $8,778 $2,896,996 $2,367,796 $529,200
2021 $8,244 $2,513,393 $2,151,993 $361,400
2020 $7,764 $2,317,757 $1,956,357 $361,400
2019 $9,528 $2,461,900 $2,119,400 $342,500
2018 $7,052 $2,368,000 $2,119,400 $248,600
2017 $6,837 $1,925,800 $1,630,300 $295,500
2016 $6,756 $1,866,200 $1,598,300 $267,900
2015 $6,432 $1,853,600 $1,598,300 $255,300
Source: Public Records

Agents Affiliated with this Home

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Map

Source: Martha's Vineyard MLS

MLS Number: 21805235

Martha

APN: EDGA-000052-000020