NOT LISTED FOR SALE

140 State Rd Chilmark, MA 02535

Chilmark Neighborhood

Estimated Value: $3,894,000 - $5,824,000

3 Beds
2 Baths
2,042 Sq Ft
$2,451/Sq Ft Est. Value

Last Sold November 20, 2019

Last sale price $4,400,000 $2,155 Per Sq Ft

Est. 14% increase in value since last sale

Current estimated payment $28,698/month

488 Days on Market

About This Home

As of November 2019

Spectacular waterfront property with private dock on Stonewall Pond. Breathtaking one-of-a kind views across Stonewall Pond out to the Atlantic Ocean as well as stunning views of Quitsa Pond. This magical property is known as the "Lorca" home because the current owners purchased it in 1972 from the Garcia Lorca estate. With modern upgrades, this is a year round home which evokes old Vineyard charm and features water views from almost every room. Built in 1939 "Lorca" was expanded in 1973 and has been been lovingly renovated and maintained over the past 40 years. There are 3 bedrooms and 2 bathrooms, an open living room, kitchen and dining room, an adjacent family room with fireplace and wonderful picture windows to maximize the water views. Dine al fresco on one of the 2 large decks and enjoy magical moon-rises and spectacular sunsets with 360 degree water views from the roof top deck. Stroll down the gently sloping yard to a private dock and enjoy sailing, kayaking, swimming and paddle boarding. Boat from Stonewall Pond under Hariffs Bridge to Quitsa and Menemsha ponds and then out to the Vineyard Sound or take a quiet moment at home to simply relax in the surrounding beauty. The sunrises and sunsets here are breathtaking and watching the moon rise over the pond is spectacular. It's just a short walk (.3 miles), boat or drive to nearby private association Stonewall ocean beach. This is an amazing opportunity to own a very special Chilmark waterfront property that is surrounded by nature. This one-of-a-kind property is part of a 3 home compound also being offered for sale together for $9,250, 000 ( link id 33559) and the other two homes "Lenom/Boathouse" are being offered separately as well for $4,950,000 ( link ID 34994)

Last Agent to Sell the Property

Abby Rabinovitz

Tea Lane Associates Listed on: 05/18/2018

Last Buyer's Agent

Robert Kenney

Tea Lane Associates

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
May 18, 2018
Closed on
Nov 12, 2019
Sold by
Stonewall Rt 2
Bought by
Liebel Gene R
Seller's Agent
Abby Rabinovitz
Tea Lane Associates
Buyer's Agent
Robert Kenney
Tea Lane Associates
List Price
$5,500,000
Sold Price
$4,400,000
Premium/Discount to List
-$1,100,000
-20%
Current Estimated Value
$5,004,180

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$604,180
Avg. Annual Appreciation
4.69%

Purchase Details

Closed on
Aug 15, 2003
Sold by
Stonewall Rt and Alden
Bought by
Atlantic Trust Co Na and Alden

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$1,575,000
Interest Rate
5.46%
Mortgage Type
Purchase Money Mortgage
Source: Public Records

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Range of Values:

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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
Liebel Gene R $4,400,000 --
Atlantic Trust Co Na $2,100,000 --
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Previous Owner Atlantic Trust Co Na $1,575,000
Source: Public Records

Property History

Date Event Price Change Sq Ft Price
11/20/2019 11/20/19 Sold $4,400,000 -20.0% $2,155 / Sq Ft
09/18/2019 09/18/19 Pending -- -- --
05/18/2018 05/18/18 For Sale $5,500,000 -- $2,693 / 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 $9,867 $4,385,200 $3,556,300 $828,900
2024 $8,994 $4,242,400 $3,442,300 $800,100
2023 $8,661 $3,293,000 $2,647,700 $645,300
2022 $9,053 $3,210,300 $2,647,700 $562,600
2021 $9,146 $3,142,800 $2,647,700 $495,100
2020 $8,112 $2,836,300 $2,511,800 $324,500
2019 $8,096 $2,811,100 $2,511,800 $299,300
2018 $7,731 $2,811,100 $2,511,800 $299,300
2017 $7,517 $2,805,000 $2,511,700 $293,300
2016 $7,597 $2,803,200 $2,511,700 $291,500
2015 $7,372 $2,803,200 $2,511,700 $291,500
2014 $7,858 $3,168,400 $2,968,000 $200,400
Source: Public Records

Agents Affiliated with this Home

  • A

    Seller's Agent in 2019

    Abby Rabinovitz

    Tea Lane Associates

  • R

    Buyer's Agent in 2019

    Robert Kenney

    Tea Lane Associates

See All Agents

Map

Source: LINK (Vineyard)

MLS Number: 33561

APN: CHIL-000033-000000-000017

Massachusetts Dukes County Chilmark 02535 Chilmark

140 State Rd, Chilmark, MA

This home is located at 140 State Rd, Chilmark, MA 02535 since 18 May 2018 and is currently estimated at $5,004,180, approximately $2,450 per square foot. This property was built in 1973. 140 State Rd is a home located in Dukes County with nearby schools including Martha's Vineyard Regional High School.

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