NOT LISTED FOR SALE

Estimated Value: $8,247,068 - $9,767,000

5 Beds
6.5 Baths
7,500 Sq Ft
$1,186/Sq Ft Est. Value

Last Sold November 06, 2020

Last sale price $5,500,000 $733 Per Sq Ft

Est. 62% increase in value since last sale

Current estimated payment $48,761/month

114 Days on Market

Highlights

  • Private Pool
  • No HOA
  • Attached Garage
  • Wood Flooring
  • Tennis Courts
  • Views

About This Home

As of November 2020

Located on charming and quiet Pierce Lane yet only blocks from the activities of downtown Edgartown, lies this grand and distinctively styled 5-bedroom residence. The 8,500 square feet of well appointed living space features a 2-story entrance foyer with grand staircase, large living room with fireplace, a gourmet kitchen with eat-in area, dining room and TV room/den with fireplace. The above-mentioned room all have French doors leading to covered porches, one with fireplace and one with built-in exterior grill. There is a ground floor bedroom and four 2nd floor bedrooms, all with private baths. The luxurious master suite has a fireplace as well as a private deck with exterior fireplace. The lower level offers a boat themed billiard/game room with bar, theatre room and large exercise room with sauna, steam shower and full bath. This level also offers interior entrance to a finished 2-car garage. The residence is in excellent condition and lies behind mature tall privets on the street side, while offering a large rear private yard with swimming pool, Jacuzzi and water view of Vineyard Sound. One must see this property to appreciate all that it offers.

Last Agent to Sell the Property

Gerret Conover

LandVest MV License #448000784 Listed on: 06/09/2020

Co-Listed By

Thomas Leclair

LandVest MV License #448011924

Last Buyer's Agent

Gerret Conover

LandVest MV License #448000784 Listed on: 06/09/2020

Home Details

Home Type

  • Single Family

Est. Annual Taxes

  • $17,713

Year Built

  • Built in 2002

Lot Details

  • 0.44 Acre Lot
  • Paved or Partially Paved Lot
  • Property is zoned R5

Parking

  • Attached Garage

Interior Spaces

  • 7,500 Sq Ft Home
  • 2-Story Property
  • Property Views
  • Finished Basement

Flooring

  • Wood
  • Carpet

Bedrooms and Bathrooms

  • 5 Bedrooms

Pool

  • Private Pool

Utilities

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

Listing and Financial Details

  • Assessor Parcel Number 20B43

Community Details

Overview

  • No Home Owners Association

Recreation

  • Tennis Courts
  • Bike Trail

Home Details

Home Type

Single Family

Est. Annual Taxes

$17,713

Year Built

Built in 2002

Lot Details

0

Listing Details

  • Property Type: Residential
  • Property Sub Type: Single Family Residence
  • Year Built: 2002
  • Lot Size Acres: 0.44
  • Road Frontage Type: Public
  • Road Surface Type: Paved
  • Co List Office Mls Id: LDVST
  • Co List Office Phone: 508-627-3757
  • Directions: Call listing broker
  • Garage Yn: Yes
  • Year Built Details: Actual
  • ResoBuildingAreaSource: Appraiser
  • Special Features: None

Interior Features

  • Appliances: Propane Gas Water Heater
  • Basement: Finished
  • Total Bedrooms: 5
  • Full Bathrooms: 6
  • Half Bathrooms: 1
  • Fireplace: No
  • Flooring: Carpet, Hardwood
  • Living Area: 7500
  • Stories: 2
  • ResoLivingAreaSource: Appraiser

Exterior Features

  • Lot Features: Bike Path, Shopping, School, Public Tennis, In Town Location
  • Pool Features: Private
  • Pool Private: Yes
  • View: Yes
  • Waterfront: No

Garage/Parking

  • Attached Garage: Yes
  • Parking Features: Attached

Utilities

  • Cooling: Central Air
  • Heating: Forced Air
  • Sewer: Public Sewer
  • Cooling Y N: Yes
  • Heating Yn: Yes
  • Water Source: Town Water

Condo/Co-op/Association

  • Association: No

Lot Info

  • Zoning: R5
  • Land Lease: No
  • Lot Size Sq Ft: 19166
  • Parcel #: 20B43
  • ResoLotSizeUnits: Acres

Tax Info

  • Tax Year: 2020
  • Tax Annual Amount: 17712.98

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
Jun 9, 2020
Closed on
Oct 26, 2020
Sold by
Janis L Krums Irt
Bought by
Maccowatt Thomas H and Maccowatt Anne L
Seller's Agent
Gerret Conover
LandVest MV
Buyer's Agent
Gerret Conover
LandVest MV
List Price
$5,925,000
Sold Price
$5,500,000
Premium/Discount to List
-$425,000
-7.17%
Current Estimated Value
$8,897,023

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$3,397,023
Avg. Annual Appreciation
10.36%
Original Mortgage
$3,300,000
Outstanding Balance
$2,945,823
Interest Rate
2.85%
Mortgage Type
Purchase Money Mortgage
Estimated Equity
$5,951,200

Purchase Details

Closed on
Dec 26, 2012
Sold by
Krums-Kane Elita
Bought by
Janis Krums Irt

Purchase Details

Closed on
Aug 20, 2001
Sold by
Behr Frederic H and Behr Peter V
Bought by
Kane Daniel and Krums Elita
Source: Public Records

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

Purchase History

Date Buyer Sale Price Title Company
Maccowatt Thomas H $5,500,000 None Available
Janis Krums Irt -- --
Kane Daniel $1,425,000 --
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Open Maccowatt Thomas H $3,300,000
Previous Owner Behr Peter $210,000
Previous Owner Behr Peter $20,000
Previous Owner Behr Peter $10,000
Source: Public Records

Property History

Date Event Price Change Sq Ft Price
11/06/2020 11/06/20 Sold $5,500,000 0.0% $732 / Sq Ft
11/06/2020 11/06/20 Sold $5,500,000 -7.2% $733 / Sq Ft
09/28/2020 09/28/20 Pending -- -- --
06/09/2020 06/09/20 For Sale $5,925,000 -5.2% $790 / Sq Ft
05/31/2019 05/31/19 For Sale $6,250,000 -- $832 / 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 $21,315 $8,043,400 $1,890,300 $6,153,100
2024 $19,120 $7,498,200 $1,890,300 $5,607,900
2023 $18,265 $7,247,900 $1,920,600 $5,327,300
2022 $16,373 $5,403,500 $1,425,400 $3,978,100
2021 $14,988 $4,569,400 $1,282,300 $3,287,100
2020 $15,125 $4,514,900 $1,227,800 $3,287,100
2019 $17,208 $4,446,600 $1,159,500 $3,287,100
2018 $16,080 $4,101,100 $1,159,500 $2,941,600
2017 $15,377 $4,331,500 $1,227,800 $3,103,700
2016 $14,396 $3,976,900 $1,227,800 $2,749,100
2015 $13,785 $3,972,600 $1,223,500 $2,749,100
Source: Public Records

Agents Affiliated with this Home

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Map

Source: Martha's Vineyard MLS

MLS Number: 32000254

Martha

APN: EDGA-000020B-000043