NOT LISTED FOR SALE

11 Azalea Ln Chilmark, MA 02535

Chilmark Neighborhood

Estimated Value: $5,575,000 - $7,592,000

5 Beds
4.5 Baths
3,750 Sq Ft
$1,732/Sq Ft Est. Value

Last Sold July 31, 2020

Last sale price $3,750,000 $1,000 Per Sq Ft

Est. 73% increase in value since last sale

Current estimated payment $35,466/month

52 Days on Market

About This Home

As of July 2020

With 425 ft of private ocean beach, this offering deserves its reputation as the "ultimate beach house". The 5-bedroom home has been completely renovated to the highest specifications with a focus on bold contemporary choices to take advantage of the views and setting. The beach stairs provide access to a wide swath of sand that many consider the most beautiful stretch of beach on Martha's Vineyard. The property is being offered mostly furnished. To fully appreciate this extraordinary setting, view the images in the "photo gallery" and watch this drone video:

Last Agent to Sell the Property

Mark Jenkins

Wallace & Co. Sotheby's Listed on: 05/29/2020

Last Buyer's Agent

Cassie Courtney

Wallace & Co. Sotheby's

Home Details

Home Type

  • Single Family

Est. Annual Taxes

  • $11,000

Year Built

  • 1994

Lot Details

  • 8 Acre Lot

Interior Spaces

  • 3,750 Sq Ft Home
  • Partially Furnished

Bedrooms and Bathrooms

  • 5 Bedrooms

Utilities

  • Well
  • Septic Tank
  • Cable TV Available

Listing and Financial Details

  • Tax Lot 7
  • $2,730,000 per year additional tax assessments

Home Details

Home Type

Single Family

Est. Annual Taxes

$11,000

Year Built

1994

Lot Details

0

Listing Details

  • Property Sub Type: Single Family Residence
  • Property Type: Residential
  • Frontage: Oceanfront
  • Lot Features: y
  • LotSizeAcres: 8
  • View: Ocean
  • Association Fees: 5000
  • Association Fee Inclusions: Tennis and road
  • Co List Office Mls Id: 741
  • Building Area Total: 3750
  • Has Fireplace?: No
  • Effective Year Built: 2016
  • Year Built: 1994
  • Special Features: None
  • Year Built: 1994

Interior Features

  • Possible Use: 945
  • Appliances: Stove: y, Washer: y
  • Full Bathrooms: 4
  • Half Bathrooms: 1
  • Total Bedrooms: 5
  • Fireplace Features: 1
  • Flooring: 1.5
  • Interior Amenities: A,Ins,OSh, Floor 1: All living space is on the first floor with the exception of ..., Floor 2: ... half story waterview office and half story gym/playroom
  • Main Level Bedrooms: 5
  • Total Bedrooms: 10

Exterior Features

  • Pool Private: No
  • Exterior Features: WViews, Deck, Patio, Porch, PvtBch, C/Tennis, Cov, PubBch
  • Foundation Details: y

Garage/Parking

  • Parking Features: y

Utilities

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

Lot Info

  • Lot Size Sq Ft: 348480
  • Land Lease Expiration Date: 2021-05-21
  • Zoning: RES

Multi Family

  • Number Of Units Furnished: Partially

Tax Info

  • Tax Annual Amount: 11000
  • Tax Lot: 7
  • Tax Map Number: 29
  • Tax Other Annual Assessment Amount: 2730000
  • Tax Year: 2019

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
May 29, 2020
Closed on
Jul 21, 2020
Sold by
Lucy Beach Llc
Bought by
Schargel Gail E and Powell William M
Seller's Agent
Mark Jenkins
Wallace & Co. Sotheby's
Buyer's Agent
Cassie Courtney
Wallace & Co. Sotheby's
List Price
$4,000,000
Sold Price
$3,750,000
Premium/Discount to List
-$250,000
-6.25%
Current Estimated Value
$6,494,484

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$2,744,484
Avg. Annual Appreciation
11.92%

Purchase Details

Listed on
Aug 10, 2012
Closed on
Aug 10, 2012
Sold by
Azalea Lane Llc
Bought by
Lucy Beach Llc
Seller's Agent
LINK Email Cache
LINK
Sold Price
$4,000,000

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Avg. Annual Appreciation
-0.81%
Original Mortgage
$2,000,000
Interest Rate
3.7%
Mortgage Type
Purchase Money Mortgage

Purchase Details

Closed on
May 1, 2009
Sold by
Frankel Randolph B
Bought by
Azalea Lane Llc

Purchase Details

Closed on
Apr 3, 2009
Sold by
Randolph B Frankel Ret and Frankel Randolph B
Bought by
Frankel Randolph B

Purchase Details

Closed on
Feb 26, 2009
Sold by
Frankel Randolph B
Bought by
Randolph B Frankel Ret and Frankel Randolph B
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
Schargel Gail E $3,750,000 None Available
Lucy Beach Llc $4,000,000 --
Azalea Lane Llc $2,475,000 --
Frankel Randolph B -- --
Randolph B Frankel Ret -- --
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Previous Owner Lucy Beach Llc $800,000
Previous Owner Lucy Beach Llc $1,818,107
Previous Owner Lucy Beach Llc $2,000,000
Previous Owner Frankel Randolph B $2,000,000
Previous Owner Frankel Randolph B $800,000
Previous Owner Frankel Randolph B $1,870,000
Source: Public Records

Property History

Date Event Price Change Sq Ft Price
07/31/2020 07/31/20 Sold $3,750,000 -6.3% $1,000 / Sq Ft
07/20/2020 07/20/20 Pending -- -- --
05/29/2020 05/29/20 For Sale $4,000,000 0.0% $1,067 / Sq Ft
08/10/2012 08/10/12 Sold $4,000,000 -- $1,000 / 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 $14,022 $6,231,800 $4,084,500 $2,147,300
2024 $12,826 $6,050,200 $3,954,300 $2,095,900
2023 $12,270 $4,665,300 $3,041,600 $1,623,700
2022 $10,655 $3,778,500 $2,291,900 $1,486,600
2021 $10,774 $3,702,300 $2,534,900 $1,167,400
2020 $11,065 $3,868,900 $2,723,500 $1,145,400
2019 $10,890 $3,781,400 $2,723,500 $1,057,900
2018 $10,399 $3,781,400 $2,723,500 $1,057,900
2017 $10,077 $3,760,200 $2,723,500 $1,036,700
2016 $10,169 $3,752,300 $2,723,500 $1,028,800
2015 $9,899 $3,763,900 $2,723,500 $1,040,400
2014 $10,014 $4,038,000 $3,342,000 $696,000
Source: Public Records

Agents Affiliated with this Home

  • M

    Seller's Agent in 2020

    Mark Jenkins

    Wallace & Co. Sotheby's

  • C

    Buyer's Agent in 2020

    Cassie Courtney

    Wallace & Co. Sotheby's

  • L

    Seller's Agent in 2012

    LINK Email Cache

    LINK

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Map

Source: LINK (Vineyard)

MLS Number: 36676

APN: CHIL-000029-000000-000007

Massachusetts Dukes County Chilmark 02535 Chilmark

11 Azalea Ln, Chilmark, MA

This home is located at 11 Azalea Ln, Chilmark, MA 02535 since 29 May 2020 and is currently estimated at $6,494,484, approximately $1,731 per square foot. This property was built in 1994. 11 Azalea Ln is a home located in Dukes County with nearby schools including Martha's Vineyard Regional High School.

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