NOT LISTED FOR SALE

Estimated Value: $2,385,000 - $2,950,000

4 Beds
4 Baths
2,080 Sq Ft
$1,269/Sq Ft Est. Value

Last Sold September 16, 2022

Last sale price $2,200,000 $1,058 Per Sq Ft

Est. 20% increase in value since last sale

Current estimated payment $14,482/month

6 Days on Market

Highlights

  • Ocean Front
  • No HOA
  • Tile Flooring
  • 1.93 Acre Lot
  • Cooling Available
  • Baseboard Heating

About This Home

As of September 2022

Coastal Katama With Water Views - Located in the heart of Katama, with the iconic Katama Airfield and FARM Institute nearby, this contemporary beach house is ideal for enjoying all the best of Katama and South Beach. Three floors of living spaces and two levels of decks enjoy sweeping views across 180 acres of Katama Plains conservation land - with big open skies that meet the horizon at South Beach and the sparkling blue Atlantic Ocean beyond. The large wraparound deck is a perfect retreat for warm summer days lounging with a book or sunbathing -- and the multiple outdoor dining areas are perfect for morning coffee and alfresco dining with family and/or friends while enjoying a brilliant evening sunset. Set on nearly two acres, the property has an expansive yard with lawn area for badminton, croquet and other yard games -- and there is plenty of room to add a pool, hot tub and/or fire pit. This idyllic location provides easy access to South Beach, and the nearby bike path. Property has a solid rental history of $80,000+ year and price includes all furnishings/content ((estimated value of $30,000) a $20,000 landscaping credit, and potential rental income to transfer at closing.

Last Agent to Sell the Property

Wendy Harman

Compass License #448009827 Listed on: 05/18/2022

Compass

Last Buyer's Agent

Non Member

mv.unknownoffice License #0

Home Details

Home Type

  • Single Family

Est. Annual Taxes

  • $4,640

Year Built

  • Built in 1981

Lot Details

  • 1.93 Acre Lot
  • Ocean Front
  • Dirt Road
  • Property is zoned R60

Parking

  • Garage

Interior Spaces

  • 2,080 Sq Ft Home
  • 3-Story Property
  • Ocean Views

Flooring

  • Carpet
  • Laminate
  • Tile

Bedrooms and Bathrooms

  • 4 Bedrooms
  • 4 Full Bathrooms

Utilities

  • Cooling Available
  • Baseboard Heating
  • Well
  • Electric Water Heater
  • Septic Tank

Community Details

  • No Home Owners Association

Listing and Financial Details

  • Assessor Parcel Number 45272

Home Details

Home Type

Single Family

Est. Annual Taxes

$4,640

Year Built

Built in 1981

Lot Details

0

Listing Details

  • Property Type: Residential
  • Property Sub Type: Single Family Residence
  • Year Built: 1981
  • Lot Size Acres: 1.93
  • Road Frontage Type: Public
  • Road Surface Type: Dirt
  • Directions: Follow Herring Creek Road (Right Fork), turn left at Katama Kitchen + Airfield onto Mattakesett Way. Follow until the third driveway on the left, marked with ''11'' and white entrance gate.
  • Garage Yn: Yes
  • Year Built Details: Actual
  • Special Features: VirtualTour

Interior Features

  • Appliances: Electric Water Heater, Water Heater
  • Total Bedrooms: 4
  • Full Bathrooms: 4
  • Fireplace: No
  • Flooring: Carpet, Tile, Laminate
  • Living Area: 2080
  • Stories: 3

Exterior Features

  • Pool Private: No
  • View: Ocean
  • View: Yes
  • Waterfront Features: Ocean Front
  • Waterfront: No

Utilities

  • Cooling: Other
  • Heating: Baseboard
  • Sewer: Septic Tank
  • Cooling Y N: Yes
  • Heating Yn: Yes
  • Water Source: Well

Condo/Co-op/Association

  • Association: No

Lot Info

  • Zoning: R60
  • Land Lease: No
  • Lot Size Sq Ft: 84071
  • Parcel #: 45272
  • ResoLotSizeUnits: Acres

Tax Info

  • Tax Year: 2021
  • Tax Annual Amount: 4640
  • Tax Book Number: 1469

Ownership History

Date Name Owned For Owner Type

Purchase Details

Closed on
Jun 5, 2018
Sold by
Towns Bradley J and Towns Melissa
Bought by
Edgartown Escape Llc
Current Estimated Value
$2,639,928

Purchase Details

Closed on
May 13, 1998
Sold by
Hamel Carolyn W and Hamel Paul G
Bought by
Towns Bradley I and Galbraith Melissa

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$269,200
Interest Rate
7.08%
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
Edgartown Escape Llc -- --
Towns Bradley I $339,000 --
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Previous Owner Towns Bradley I $139,000
Previous Owner Towns Bradley I $246,000
Previous Owner Towns Bradley I $269,200
Previous Owner Towns Bradley I $345,000
Source: Public Records

Property History

Date Event Price Change Sq Ft Price
09/16/2022 09/16/22 Sold $2,200,000 -8.1% $1,058 / Sq Ft
05/26/2022 05/26/22 Pending -- -- --
05/19/2022 05/19/22 For Sale $2,395,000 -- $1,151 / 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 $5,836 $2,202,100 $795,500 $1,406,600
2024 $5,073 $1,989,600 $795,500 $1,194,100
2023 $4,418 $1,753,300 $822,300 $931,000
2022 $4,622 $1,525,400 $814,800 $710,600
2021 $4,640 $1,414,700 $704,100 $710,600
2020 $4,068 $1,214,400 $647,000 $567,400
2019 $4,425 $1,143,300 $627,900 $515,400
2018 $3,862 $1,021,100 $570,800 $450,300
2017 $3,725 $1,049,400 $608,900 $440,500
2016 $3,586 $990,700 $513,000 $477,700
2015 $2,985 $860,200 $513,000 $347,200
Source: Public Records

Agents Affiliated with this Home

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Map

Source: Martha's Vineyard MLS

MLS Number: 32200145

Martha

APN: EDGA-000045-000027-000002