NOT LISTED FOR SALE

15 Cummings Way Edgartown, MA 02539

Edgartown Neighborhood

Estimated Value: $3,151,714 - $4,282,000

5 Beds
3.5 Baths
2,015 Sq Ft
$1,860/Sq Ft Est. Value

Last Sold September 27, 2018

Last sale price $2,300,000 $1,141 Per Sq Ft

Est. 63% increase in value since last sale

Current estimated payment $20,362/month

147 Days on Market

Highlights

  • Wood Flooring
  • No HOA
  • Tennis Courts
  • 1 Fireplace
  • Screened Porch
  • Views

About This Home

As of September 2018

This charming 5-bedroom home is perfectly located on a quiet street just steps from Downtown Edgartown. With a large backyard, unfinished walk-out basement, and distant views of Edgartown Harbor from the second floor, this property has multiple intriguing features. Whether you are looking for a summer retreat, an investment property with a strong rental history, or a renovation project this property has a lot of options to consider.

Last Agent to Sell the Property

Bonnie Pierce

Wallace & Co. Sotheby's International Realty License #448003508 Listed on: 03/19/2018

Wallace & Co. Sotheby's International Realty

Last Buyer's Agent

Peyton Wallace

Wallace & Co. Sotheby's International Realty License #9088292

Home Details

Home Type

  • Single Family

Est. Annual Taxes

  • $4,710

Year Built

  • Built in 1920

Lot Details

  • 0.28 Acre Lot
  • Property is zoned R5

Parking

  • Assigned Parking

Home Design

  • Asphalt Roof
  • Shingle Siding

Interior Spaces

  • 2,015 Sq Ft Home
  • 1-Story Property
  • 1 Fireplace
  • Screened Porch
  • Wood Flooring
  • Property Views

Kitchen

  • Electric Range
  • Dishwasher

Bedrooms and Bathrooms

  • 5 Bedrooms
  • Primary bedroom located on second floor

Laundry

  • Electric Dryer
  • Washer

Utilities

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

Additional Features

  • Outdoor Shower
  • Property is near a golf course

Listing and Financial Details

  • Assessor Parcel Number 29B45

Community Details

Overview

  • No Home Owners Association

Recreation

  • Tennis Courts
  • Bike Trail

Home Details

Home Type

Single Family

Est. Annual Taxes

$4,710

Year Built

Built in 1920

Lot Details

0

Listing Details

  • Property Type: Residential
  • Property Sub Type: Single Family Residence
  • Year Built: 1920
  • Lot Size Acres: 0.28
  • Road Frontage Type: Public
  • Directions: South Water Street to Cummings Way - house is next to the last on the left #15
  • Architectural Style: Other
  • Carport Y N: No
  • Garage Yn: No
  • 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: 5
  • Full Bathrooms: 3
  • Half Bathrooms: 1
  • Fireplaces: 1
  • Fireplace: Yes
  • Flooring: Hardwood
  • Living Area: 2015
  • Stories: 1
  • Room Bedroom3 Features: Bedroom 3
  • Dining Room Features: Dining Room
  • Room Bedroom4 Level: Second
  • Living Room Living Room Level: First
  • Kitchen Description: Floor: Wood
  • Bedroom 2 Description: Floor: Wood
  • Room Bedroom4 Features: Bedroom 4
  • Master Bedroom Master Bedroom Level: Second
  • Primary Bedroom Description: Floor: Wood
  • Bedroom 3 Description: Floor: Wood
  • Room Bedroom3 Level: First
  • Room Bedroom2 Level: First
  • Room Bedroom2 Features: Bedroom 2
  • Master Bedroom Features: Primary Bedroom
  • Room Kitchen Features: Kitchen
  • Living Room Features: Living Room
  • Dining Room Dining Room Level: First

Exterior Features

  • Exterior Features: Outdoor Shower
  • Lot Features: Bike Path, Shopping, Near Golf Course, Public Tennis, In Town Location
  • Pool Features: None
  • Pool Private: No
  • View: Yes
  • Waterfront: No
  • Construction Type: Shingle Siding
  • Foundation Details: Other
  • Patio And Porch Features: Screened
  • Roof: Asphalt, Other

Garage/Parking

  • Parking Features: Assigned

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

Schools

  • Junior High Dist: Martha's Vineyard

Lot Info

  • Zoning: R5
  • Land Lease: No
  • Lot Size Sq Ft: 12197
  • Parcel #: 29B45
  • ResoLotSizeUnits: Acres

Tax Info

  • Tax Year: 2017
  • Tax Annual Amount: 4710
  • Tax Book Number: 1338

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
Mar 19, 2018
Closed on
Sep 27, 2018
Sold by
Muller John and Muller Susan
Bought by
Erdman Carleton P and Erdman Debra B
Seller's Agent
Bonnie Pierce
Wallace & Co. Sotheby's International Realty
Buyer's Agent
Peyton Wallace
Wallace & Co. Sotheby's International Realty
List Price
$2,750,000
Sold Price
$2,300,000
Premium/Discount to List
-$450,000
-16.36%
Current Estimated Value
$3,748,679

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$1,448,679
Avg. Annual Appreciation
7.06%
Original Mortgage
$600,000
Outstanding Balance
$517,496
Interest Rate
4%
Mortgage Type
New Conventional
Estimated Equity
$3,231,183

Purchase Details

Closed on
Dec 20, 2013
Sold by
Muller Funding T and Muller Paul F
Bought by
Muller James E
Source: Public Records

Range of Values:

--
Value Increase
--
Percent Increase
--
Adjusted for Inflation
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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
Erdman Carleton P $2,300,000 --
Muller James E -- --
Kuebler Carolibe G -- --
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Open Erdman Carleton P $600,000
Previous Owner Kuebler Carolibe G $290,000
Source: Public Records

Property History

Date Event Price List to Sale Price per Sq Ft
09/27/2018 09/27/18 Sold $2,300,000 -16.4% $1,141 / Sq Ft
08/13/2018 08/13/18 Pending -- -- --
03/19/2018 03/19/18 For Sale $2,750,000 -- $1,365 / 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 $6,776 $2,557,100 $2,248,400 $308,700
2024 $6,402 $2,510,500 $2,248,400 $262,100
2023 $6,172 $2,449,400 $2,162,700 $286,700
2022 $7,343 $2,423,301 $2,075,301 $348,000
2021 $7,265 $2,214,990 $1,866,990 $348,000
2020 $7,113 $2,123,244 $1,787,544 $335,700
2019 $4,906 $1,267,600 $993,000 $274,600
2018 $4,502 $1,163,400 $973,500 $189,900
2017 $4,711 $1,327,000 $804,700 $522,300
2016 $4,685 $1,294,200 $804,700 $489,500
2015 $4,268 $1,229,900 $761,100 $468,800
Source: Public Records

Agents Affiliated with this Home

  • Bonnie Pierce

    Seller's Agent in 2018

    Bonnie Pierce

    Wallace & Co. Sotheby's International Realty

    (508) 367-2303

    31 in this area

    48 Total Sales

    Bonnie Pierce
    Section Image

  • P

    Buyer's Agent in 2018

    Peyton Wallace

    Wallace & Co. Sotheby's International Realty

See All Agents

Map

Source: Martha's Vineyard MLS

MLS Number: 21801615

Martha

APN: EDGA-000029B-000045

Massachusetts Dukes County Edgartown 02539 Edgartown

15 Cummings Way, Edgartown, MA

Not Listed for Sale

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