NOT LISTED FOR SALE

16 Hye Rd Unit MAIN & GUEST Edgartown, MA 02539

Edgartown Neighborhood
5 Beds
3 Baths
2,102 Sq Ft
0.52 Acres

Last Sold March 17, 2016

Last sale price $675,000 $321 Per Sq Ft

330 Days on Market

About This Home

As of March 2016

MINI COMPOUND, TWO for the price of ONE. On a semi-wooded, nicely landscaped 1/2 acre lot . On bike path and Bus route. MAIN HOUSE: Very light and airy 3 bedrooms with loft and 2 bathrooms. A fully equipped, updated kitchen with granite counters and stainless steel appliances. Cathedral ceiling, centered fireplace and wood floors in living/dining area with double sliders that opens onto a large  sun soaked deck.  A bedroom, full bath, laundry and attached 1 car garage  and Washer/dryer completes the 1st floor. 2nd floor offers an open loft, 2 bedrooms and full bath . Gas FHA heat ( system located in 4' crawl space) with electric baseboard backup. Next door is the GUEST HOUSE, all on one level.. with renovated galley kitchen and tile floor. Living room new hardwood flooring, with sliders that open to a private deck with attached storage. Two carpeted bedrooms and a full bath completes the interior. Washer/dryer across from bathroom. Both houses have outside showers.  Close to town, bike path, beaches and bus route.  Rare DUAL income offering with GREAT RENTAL HISTORY. ( averages over $55k annually) . Updates include 10 year old architectural roofs in BOTH.  Mini splits for a/c in Main house ( upstairs and down)..  Newer,updated kitchens in BOTH. Updated wood flooring and tile baths. Edgartown T to hook up to sewer system is already installed at Hye Road .  A buyer could trench from Hye Rd to houses and hook  into a grinder pump should they wish to convert from private septic to town sewer.  Currently the homes share a private septic system. Rental income for past 3 years on file. $ 24,000 for Main in season. Guest house has been seasonally rented for $9000. Both homes show winter incomes. 2015: $ 1500 + in MAIN// $ 1,150+ in GUEST HOUSE.  Hot water tanks about 8 years old. Rinnai  propane heater in guest  with original electric baseboard units. Updates include hardwood floors; new kitchens; hot water tanks ( 2008 approx. ).Some shingles and trim and deck boards replaced. Mini splits for a/c added along the way as tenants request a/c .  Needed to keep up with rental competition.  Trees and shrubs trimmed . Outdoor showers a must for tenants along with wi fi. This property offers the BEST of two worlds! Rent one and live in the other. Main house is light, airy and has a modern vacation home feel where as the adorable guest house is more of a traditional cape style. Nice lot; great separation between the two.

Last Listed By

Christine Potter

Martha's Vineyard R.E. Listed on: 04/22/2015

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

Property History

Date Event Price Change Sq Ft Price
03/17/2016 03/17/16 Sold $675,000 -6.9% $321 / Sq Ft
03/17/2016 03/17/16 Pending -- -- --
04/22/2015 04/22/15 For Sale $725,000 -- $345 / Sq Ft
Source: LINK (Vineyard)

Tax History Compared to Growth

Source: Public Records

Agents Affiliated with this Home

  • C

    Seller's Agent in 2016

    Christine Potter

    Martha's Vineyard R.E.

  • T

    Buyer's Agent in 2016

    Thomas Hallahan

    Island Real Estate

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Map

Source: LINK (Vineyard)

MLS Number: 28423

Massachusetts Dukes County Edgartown 02539 Edgartown

16 Hye Rd Unit MAIN & GUEST, Edgartown, MA

Homes for Sale in Edgartown, MA

This home is located at 16 Hye Rd Unit MAIN & GUEST, Edgartown, MA 02539 since 22 April 2015. This property was built in 1981. 16 Hye Rd Unit MAIN & GUEST is a home located in Dukes County with nearby schools including Edgartown Elementary School and Martha's Vineyard Regional High School.

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