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 Agent to Sell the Property

Christine Potter

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

Last Buyer's Agent

Thomas Hallahan

Island Real Estate

Property Details

Home Type

  • Multi-Family

Est. Annual Taxes

  • $2,004

Year Built

  • Built in 1981 | Remodeled in 2007

Lot Details

  • 0.52

Home Design

  • 2,102 Sq Ft Home

Bedrooms and Bathrooms

  • 5 Bedrooms
  • 3 Full Bathrooms

Utilities

  • Septic Tank
  • Cable TV Available

Additional Features

  • Deck
  • 0.52 Acre Lot

Community Details

  • Association fees include road

Listing and Financial Details

  • Tax Lot 2.
  • Assessor Parcel Number 14
  • $275,400 per year additional tax assessments

Property Details

Home Type

Multi-Family

Est. Annual Taxes

$2,004

Year Built

Built in 1981 | Remodeled in 2007

Lot Details

0

Listing Details

  • Property Sub Type: Multi Family
  • Property Type: Multi Family
  • Frontage: None
  • Lot Features: grass yard and stone driveways
  • LotSizeAcres: 0.52
  • View: None
  • Association Fees: 300
  • Association Fee Inclusions: road association
  • Co List Office Mls Id: 783
  • Building Area Total: 2102
  • Has Fireplace?: No
  • Effective Year Built: 2007
  • Year Built: 1981
  • Parcel #: 14
  • Special Features: None
  • Year Built: 1981

Interior Features

  • Appliances: Stove: 2, Washer: 2
  • Has Basement: 4' crawl in Main;  crawl in Guest Irregular foundation; Main 26' x 32'  deck 19' x 10' garage 21' x 12' Main Living area =  1324 sq ft. Guest:  29' x 24' foundation plus 14' x 8' deck  Guest living area= 696sq'
  • Full Bathrooms: 3
  • Total Bedrooms: 5
  • Fireplace Features: 1 metal fireplace in Main with pipe chimney
  • Flooring: 2 in Main: 1 in Guest
  • Interior Amenities: Ins,OSh, Floor 1: Main:  Enter into good size living room with wood floors and fireplace.  Galley Kitchen. Modern  Granite counters, tiled floor with Stainless appliances. One bedroom (  queen )  down. Full Bath with new tiles and vanity. Washer/dryer and  attached one car garage.  Sun drenched deck off living area. Double sliders.. Outdoor shower around back.   A/C Mini splits  up and down although the upstairs one cools the entire house,, Floor 2: MAIN: 2 bedrooms;  loft area ( with futon ) and full bath with new tile and vanity up.
  • Main Level Bedrooms: 1
  • Total Bedrooms: 10

Exterior Features

  • Pool Private: No
  • Exterior Features: Deck, PubBch
  • Foundation Details: crawl space/ irregular
  • Other Structures: 2 outdoor showers Main house has attached garage Guest house has an attached shed off deck.

Garage/Parking

  • Parking Features: 2 driveways; 1 for each house

Utilities

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

Lot Info

  • Lot Size Sq Ft: 22651
  • Land Lease Expiration Date: 2016-03-25
  • Zoning: R20

Multi Family

  • Number Of Units Furnished: Unfurnished

Tax Info

  • Tax Annual Amount: 2004
  • Tax Lot: 2.
  • Tax Map Number: 28
  • Tax Other Annual Assessment Amount: 275400
  • Tax Year: 2016

Range of Values:

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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

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Map

Source: LINK (Vineyard)

MLS Number: 28423