$5,500,000
SOLD NOV 6, 2020
5 Beds
6.5 Baths
7,500 Sq Ft
0.44 Acres

Recently Sold

$733 Per Sq Ft

7% Below List Price

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 lies this grand and distinctively styled 5-bedroom residence. The 7,500 sf of well appointed living space features a 2-story entrance foyer with grand staircase, living room, gourmet kitchen with eat-in area, dining room and TV room/den. The above-mentioned room all have French doors leading to covered porches, one with fireplace and one with built-in exterior grill. There are 5 bedrooms, all with private baths. The luxurious master suite has a fireplace and private deck with exterior fireplace. The lower level offers a billiard room with bar, theatre room and exercise room with sauna, steam shower and full bath. The residence is in excellent condition and offers a large private yard with swimming pool, Jacuzzi and water view of Vineyard Sound.

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
$8,181,539

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$2,681,539
Avg. Annual Appreciation
10.09%
Original Mortgage
$3,300,000
Outstanding Balance
$2,965,682
Interest Rate
2.85%
Mortgage Type
Purchase Money Mortgage
Estimated Equity
$5,693,274

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

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Range of Values:

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Home Values in the Area

Source: Public Records

Average Home Value in this Area





Source: Public Records

Purchase History

Date Type Sale Price Title Company
Not Resolvable $5,500,000 None Available
Deed -- --
Deed $1,425,000 --
Source: Public Records

Mortgage History

Date Status Loan Amount Loan Type
Open $3,300,000 Purchase Money Mortgage
Previous Owner $210,000 No Value Available
Previous Owner $20,000 No Value Available
Previous Owner $10,000 No Value Available
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