NOT LISTED FOR SALE

21 Tea Ln Chilmark, MA 02535

Chilmark Neighborhood

Estimated Value: $1,497,261 - $4,316,000

5.16 Acres
$437,464 Price per Acre
224,770 Sq Ft Lot

Sale Details

Date Sold: April 10, 2023

Last sale price $1,300,000

Est. 74% increase in value since last sale

Current estimated payment $12,648 / mo

170 Days on Market

About This Lot

As of April 2023

Exciting opportunity to build your Chilmark dream home on this private 5.2 acre lot. Located just off Tea Lane, this magical lot features stonewalls, mature trees and a desirable rolling topography. Approved for a 6-bedroom residence, the dramatic ridgeline offers the ideal homesite. The land is mostly surrounded by Martha’s Vineyard Land Bank with easy access to the miles of hiking trails at Tea Lane Farm. Chilmark residents enjoy exclusive access to both Lucy Vincent Beach and Squibnocket Beach on the Atlantic Ocean.

Last Agent to Sell the Property

Alyssa Halisky

Wallace & Co. Sotheby's Listed on: 09/24/2022

Last Buyer's Agent

Madelyn Silvia

Wallace & Co. Sotheby's

Range of Values:

--
Value Increase
--
Percent Increase
--
Adjusted for Inflation
Collateral Analytics

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Average Value
Not Available
List Price
Sold Price
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Property Details

Property Type

  • Land

Est. Annual Taxes

  • $1,946

Lot Details

  • 5.16 Acre Lot
  • Property is zoned R3

Utilities

  • Well
  • Septic Tank

Listing and Financial Details

  • Tax Lot 39
  • $689,900 per year additional tax assessments

Property Details

Property Type

Land

Est. Annual Taxes

$1,946

Lot Details

5.16 Acres

Listing Details

  • Property Sub Type: Unimproved Land
  • Property Type: Land
  • Frontage: None
  • Lot Features: None
  • LotSizeAcres: 5.16
  • View: None, Res
  • Co List Office Mls Id: 741
  • reviewed: Yes
  • Special Features: None

Interior Features

  • Possible Use: 6 bedroom septic plan approved

Exterior Features

  • Pool Private: No

Utilities

  • Sewer: Septic Tank
  • Water Source: Well

Lot Info

  • Lot Size Sq Ft: 224769
  • Zoning: R3

Tax Info

  • Tax Annual Amount: 1945.52
  • Tax Lot: 39
  • Tax Map Number: 12
  • Tax Other Annual Assessment Amount: 689900
  • Tax Year: 2023

Ownership History

We collect this data history from publicly available records. To have your information removed, we recommend requesting removal directly through your county’s website.

Date Name Owned For Owner Type

Purchase Details

Listed on
Sep 24, 2022
Closed on
Apr 5, 2023
Sold by
Lunbeck Elizabeth
Bought by
Seller's Agent
Alyssa Halisky
Wallace & Co. Sotheby's
Buyer's Agent
Madelyn Silvia
Wallace & Co. Sotheby's
List Price
$1,375,000
Sold Price
$1,300,000
Premium/Discount to List
-$75,000
-5.45%
Current Estimated Value
$2,257,315

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$957,315
Avg. Annual Appreciation
17.57%

Purchase Details

Listed on
Sep 24, 2022
Closed on
Mar 20, 2023
Sold by
Gerstle Gary L and Lunbeck Elizabeth
Bought by
Lunbeck Elizabeth
Seller's Agent
Alyssa Halisky
Wallace & Co. Sotheby's
Buyer's Agent
Madelyn Silvia
Wallace & Co. Sotheby's
List Price
$1,375,000
Sold Price
$1,300,000
Premium/Discount to List
-$75,000
-5.45%

Purchase Details

Listed on
Feb 18, 2021
Closed on
Apr 27, 2021
Sold by
Defeo Melinda R and Rabbitt Cindy L
Bought by
Gerstle Gary L and Lunbeck Elizabeth
Seller's Agent
Thomas Wallace
Wallace & Co. Sotheby's
Buyer's Agent
Alyssa Halisky
Wallace & Co. Sotheby's
List Price
$947,000
Sold Price
$947,000

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Avg. Annual Appreciation
17.64%

Purchase Details

Closed on
Oct 16, 1991
Bought by
Rabbitt Cindy Lou and Rabbitt Melinda R
Source: Public Records

Home Values in the Area

Source: Public Records

Average Home Value in this Area

Source: Public Records

Agents Specializing in Chilmark, MA

  • Wendy Harman Real Estate Agent - Point B Realty

    Wendy Harman

    Point B Realty

    (774) 252-9876

    87 Total Sales

    5 in Chilmark

    $9K - $8.5M Price Range

    Wendy Harman
     Section Image
  • Tom Wallace Real Estate Agent - Wallace & Co. Sotheby's International Realty

    Tom Wallace

    Wallace & Co. Sotheby's International Realty

    (774) 310-4454

    38 Total Sales

    7 in Chilmark

    $1.3M - $25M Price Range

    Tom Wallace
     Section Image
  • Alyssa Halisky Real Estate Agent - Wallace & Co. Sotheby's International Realty

    Alyssa Halisky

    Wallace & Co. Sotheby's International Realty

    (774) 713-9430

    68 Total Sales

    5 in Chilmark

    $1.3M - $25M Price Range

    Alyssa Halisky
     Section Image
  • Mark Jenkins Real Estate Agent - Wallace & Co. Sotheby's International Realty

    Mark Jenkins

    Wallace & Co. Sotheby's International Realty

    (774) 425-7402

    52 Total Sales

    5 in Chilmark

    $2.8M - $10.5M Price Range

    Mark Jenkins
     Section Image
  • Katherine Donahue Real Estate Agent - Sandpiper Realty Inc

    Katherine Donahue

    Sandpiper Realty Inc

    (855) 578-2096

    80 Total Sales

    4 in Chilmark

    $1.4M - $1.5M Price Range

    Katherine Donahue
     Section Image
  • Bonnie Pierce Real Estate Agent - Wallace & Co. Sotheby's International Realty

    Bonnie Pierce

    Wallace & Co. Sotheby's International Realty

    (774) 268-5255

    49 Total Sales

    4 in Chilmark

    $2.8M - $10.5M Price Range

    Bonnie Pierce
     Section Image
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Purchase History

We collect this data history from publicly available records. To have your information removed, we recommend requesting removal directly through your county’s website.

Date Buyer Sale Price Title Company
$1,300,000 None Available
Lunbeck Elizabeth -- None Available
Gerstle Gary L $947,000 None Available
Rabbitt Cindy Lou -- --
Source: Public Records

Mortgage History

We collect this data history from publicly available records. To have your information removed, we recommend requesting removal directly through your county’s website.

Date Status Borrower Loan Amount
Open $2,000,000
Source: Public Records

Property History

We collect this data history from publicly available records. To have your information removed, we recommend requesting removal directly through your county’s website.

Date Event Price List to Sale Price per Sq Ft Prior Sale
04/10/2023 04/10/23 Sold $1,300,000 -5.5% --
03/13/2023 03/13/23 Pending -- -- --
09/24/2022 09/24/22 For Sale $1,375,000 +45.2% --
04/28/2021 04/28/21 Sold $947,000 0.0% -- View Prior Sale
02/22/2021 02/22/21 Pending -- -- --
02/18/2021 02/18/21 For Sale $947,000 -- --
Source: LINK (Vineyard)

Tax History

We collect this data history from publicly available records. To have your information removed, we recommend requesting removal directly through your county’s website.

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 $2,321 $1,031,400 $1,031,400 $0
2024 $1,901 $896,900 $896,900 $0
2023 $1,814 $689,900 $689,900 $0
2022 $1,946 $689,900 $689,900 $0
2021 $2,008 $689,900 $689,900 $0
2020 $1,934 $676,300 $676,300 $0
2019 $1,948 $676,300 $676,300 $0
2018 $1,860 $676,300 $676,300 $0
2017 $1,812 $676,300 $676,300 $0
2016 $1,833 $676,300 $676,300 $0
2015 $1,779 $676,300 $676,300 $0
2014 $1,796 $724,000 $724,000 $0
Source: Public Records

Agents Affiliated with this Home

  • AH

    Seller's Agent in 2023

    Alyssa Halisky

    Wallace & Co. Sotheby's

  • MS

    Buyer's Agent in 2023

    Madelyn Silvia

    Wallace & Co. Sotheby's

  • TW

    Seller's Agent in 2021

    Thomas Wallace

    Wallace & Co. Sotheby's

See All Agents

Map

Source: LINK (Vineyard)

MLS Number: 40137

APN: CHIL-000012-000000-000039

Massachusetts Dukes County Chilmark 02535 Chilmark

21 Tea Ln, Chilmark, MA

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