NOT LISTED FOR SALE

Estimated Value: $2,488,000 - $3,403,000

7 Beds
7.5 Baths
4,595 Sq Ft
$664/Sq Ft Est. Value

Last Sold March 14, 2013

Last sale price $1,450,000 $316 Per Sq Ft

Est. 110% increase in value since last sale

Current estimated payment $17,913/month

652 Days on Market

About This Home

As of March 2013

The Nathan Mayhew house offers a gracious family gathering place for the ages, opposite Owen Park with views of the town beach and beautiful Vineyard Haven harbor, legendary for its flotilla of wooden boats.   The 1840s Greek revival classic has a rich recent history as a writers' year round family home, a successful luxury B&B and a lucrative summer rental property.  Seven gracious bedrooms, all with ensuites, most with water views, and large open plan entertaining areas are complimented by a recently renovated, spacious country kitchen.  Walking distance to the ferry, yet out of the town bustle, this grand yet comfortable home offers an attractive, low maintenace garden with lovely mature plantings, a two-car garagewith loft, and up to four additional parking spaces.  The recently reduced price makes this an outstanding opportunity to own one of the true gems of Vineyard Haven.

Last Agent to Sell the Property

Mark Jenkins

Wallace & Co. Sotheby's Listed on: 04/28/2011

Last Buyer's Agent

Neal Stiller

Cronigs Real Estate

Home Details

Home Type

  • Single Family

Est. Annual Taxes

  • $13,096

Year Built

  • 1840

Lot Details

  • 9,583 Sq Ft Lot
  • Property is zoned R10

Home Design

  • 4,595 Sq Ft Home

Bedrooms and Bathrooms

  • 7 Bedrooms

Utilities

  • Septic Tank
  • Cable TV Available

Listing and Financial Details

  • Tax Lot 8
  • $664,500 per year additional tax assessments

Home Details

Home Type

Single Family

Est. Annual Taxes

$13,096

Year Built

1840

Lot Details

0

Listing Details

  • Property Sub Type: Single Family Residence
  • Property Type: Residential
  • Frontage: None
  • Lot Features: y
  • LotSizeAcres: 0.22
  • View: None, Pasture
  • Co List Office Mls Id: 741
  • Building Area Total: 4595
  • Has Fireplace?: No
  • Effective Year Built: 1996
  • Year Built: 1840
  • Special Features: None
  • Year Built: 1840

Interior Features

  • Appliances: Stove: y, Washer: y
  • Full Bathrooms: 7
  • Half Bathrooms: 1
  • Total Bedrooms: 7
  • Fireplace Features: 5
  • Flooring: 3
  • Interior Amenities: Irr
  • Main Level Bedrooms: 2
  • Total Bedrooms: 12

Exterior Features

  • Pool Private: No
  • Exterior Features: Deck, Patio, Porch, C/Tennis, PubBch, WViews
  • Other Structures: 2-car garage.

Garage/Parking

  • Parking Features: y

Utilities

  • Heating: OFHW
  • Sewer: Septic Tank
  • Utilities: Cbl
  • Water Source: Town

Lot Info

  • Land Lease Expiration Date: 2013-03-31
  • Zoning: R10

Multi Family

  • Number Of Units Furnished: Unfurnished

Tax Info

  • Tax Annual Amount: 13096.35
  • Tax Lot: 8
  • Tax Map Number: 6D
  • Tax Other Annual Assessment Amount: 664500
  • Tax Year: 2008

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
Apr 28, 2011
Closed on
Mar 14, 2013
Sold by
Horwitz Anthony L and Brooks Geraldine
Bought by
Corrado John P and Corrado Julia A
Seller's Agent
Mark Jenkins
Wallace & Co. Sotheby's
Buyer's Agent
Neal Stiller
Cronigs Real Estate
List Price
$2,200,000
Sold Price
$1,450,000
Premium/Discount to List
-$750,000
-34.09%
Current Estimated Value
$3,050,170

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$1,600,170
Avg. Annual Appreciation
6.65%
Original Mortgage
$500,000
Interest Rate
3.54%
Mortgage Type
New Conventional

Purchase Details

Closed on
Nov 14, 2003
Sold by
Schooner View Ltd
Bought by
Horwitz Anthony L and Brooks Geraldine

Purchase Details

Closed on
Mar 18, 1996
Sold by
Grant Robert J and Grant Barbara A
Bought by
Alcott Richard C

Purchase Details

Closed on
Apr 26, 1991
Sold by
Est Rox Margaret T
Bought by
Grant Robert J and Grant Barbara A
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
Corrado John P $1,450,000 --
Horwitz Anthony L $2,250,000 --
Alcott Richard C $420,000 --
Grant Robert J $300,000 --
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Open Corrado John P $400,000
Closed Grant Robert J $500,000
Previous Owner Grant Robert J $750,000
Previous Owner Grant Robert J $1,000,000
Source: Public Records

Property History

Date Event Price Change Sq Ft Price
03/14/2013 03/14/13 Sold $1,450,000 -34.1% $316 / Sq Ft
02/08/2013 02/08/13 Pending -- -- --
04/28/2011 04/28/11 For Sale $2,200,000 -- $479 / 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 $19,945 $2,634,800 $1,380,600 $1,254,200
2024 $20,635 $2,585,900 $1,229,000 $1,356,900
2023 $19,666 $2,686,600 $1,034,400 $1,652,200
2022 $15,040 $1,728,761 $623,161 $1,105,600
2021 $15,853 $1,728,800 $623,200 $1,105,600
2020 $17,229 $1,846,600 $654,300 $1,192,300
2019 $16,933 $1,846,600 $654,300 $1,192,300
2018 $13,826 $1,463,100 $539,700 $923,400
2017 $15,351 $1,685,100 $666,300 $1,018,800
2016 $15,136 $1,652,400 $633,600 $1,018,800
2015 $14,148 $1,586,100 $481,000 $1,105,100
Source: Public Records

Agents Affiliated with this Home

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Map

Source: LINK (Vineyard)

MLS Number: 18343

APN: TISB-000006D-000000-000008