NOT LISTED FOR SALE

Estimated Value: $7,685,000 - $24,399,605

4.4 Acres
$3,645,978 Price per Acre
191,664 Sq Ft Lot

Last Sold February 15, 2018

Last sale price $10,800,000

Est. 49% increase in value since last sale

Current estimated payment $90,552/month

178 Days on Market

Highlights

  • Views of Trees
  • Waterfront
  • 4.4 Acre Lot

About This Lot

As of February 2018

This 4.4-acre parcel of land is arguably one of the finest on the Edgartown waterfront and offers the opportunity to create an unparalleled family compound. The lot is nicely contoured and the building envelope sits up high, with expansive and unobstructed water views of Katama Bay. The lot will accommodate as many as 10 bedrooms, a guesthouse and any number of accessory structures. There is over 320 ft. of shoreline and a new deep-water pier in place. The newly created Bayside Association offers 5 spectacular waterfront lots with 25 acres of common land creating complete privacy, beautiful open fields and a range of unique potential amenities. From the moment that one drives through the gates, there is a special feeling to this property. The pristine setting is breathtaking and the careful planning of this association assures that this address will become one of the best the island offers. This opportunity is a must see if you are considering creating a significant Edgartown harbor front residence.

Last Agent to Sell the Property

Gerrett Conover

Landvest MV Listed on: 07/28/2017

Property Details

Property Type

  • Land

Est. Annual Taxes

  • $28,223

Lot Details

  • 4.4 Acre Lot
  • Waterfront
  • Property is zoned R60

Additional Features

  • Views of Trees
  • Septic Tank

Listing and Financial Details

  • Tax Lot 159.14
  • $7,665,700 per year additional tax assessments

Property Details

Property Type

Land

Est. Annual Taxes

$28,223

Lot Details

0

Listing Details

  • Property Sub Type: Unimproved Land
  • Property Type: Land
  • Frontage: Waterfront
  • LotSizeAcres: 4.4
  • View: Hbr, Trees/Woods
  • Co List Office Mls Id: 786
  • Special Features: None

Exterior Features

  • Pool Private: No
  • Exterior Features: WViews

Utilities

  • Sewer: Septic Tank
  • Water Source: Town

Lot Info

  • Lot Size Sq Ft: 191664
  • Land Lease Expiration Date: 2018-03-01
  • Zoning: R60

Tax Info

  • Tax Annual Amount: 28223
  • Tax Lot: 159.14
  • Tax Map Number: 36
  • Tax Other Annual Assessment Amount: 7665700
  • Tax Year: 2000

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
Jul 28, 2017
Closed on
Feb 15, 2018
Sold by
Red Bull 7 Rt
Bought by
Stanton Daniel W and Stanton Mary B
Seller's Agent
Gerrett Conover
Landvest MV
List Price
$14,000,000
Sold Price
$10,800,000
Premium/Discount to List
-$3,200,000
-22.86%
Current Estimated Value
$16,042,303

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$5,242,303
Avg. Annual Appreciation
5.11%
Original Mortgage
$6,000,000
Interest Rate
3.95%
Mortgage Type
Commercial

Purchase Details

Closed on
Feb 11, 2016
Sold by
Red Tara Hills T
Bought by
Red Bull 7 Rt

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$4,000,000
Interest Rate
3.65%
Mortgage Type
Unknown

Purchase Details

Closed on
Dec 31, 2015
Sold by
Tara Hills T
Bought by
Blue Tara Hills T
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
Stanton Daniel W $10,800,000 --
Blue Bird 6 Rt -- --
Red Bull 7 Rt -- --
Blue Bird 6 Rt -- --
Green Field 8 Rt -- --
Blue Tara Hills T -- --
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Open Stanton Daniel W $6,000,000
Source: Public Records

Property History

Date Event Price Change Sq Ft Price
02/15/2018 02/15/18 Sold $10,800,000 -22.9% --
01/22/2018 01/22/18 Pending -- -- --
07/28/2017 07/28/17 For Sale $14,000,000 -- --
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 $65,984 $24,899,600 $11,486,100 $13,413,500
2024 $60,819 $23,850,400 $11,486,100 $12,364,300
2023 $59,445 $23,589,200 $11,123,000 $12,466,200
2022 $61,583 $20,324,278 $10,770,778 $9,553,500
2021 $54,711 $16,680,137 $10,859,537 $5,820,600
2020 $44,672 $13,334,837 $10,859,537 $2,475,300
2019 $29,882 $7,721,400 $7,665,700 $55,700
2018 $28,348 $7,721,400 $7,665,700 $55,700
2017 $27,411 $7,721,400 $7,665,700 $55,700
2016 $26,926 $7,438,100 $7,382,400 $55,700
2015 $26,742 $7,706,700 $7,651,000 $55,700
Source: Public Records

Agents Affiliated with this Home

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Map

Source: LINK (Vineyard)

MLS Number: 32386

APN: EDGA-000036-000159-000014