NOT LISTED FOR SALE

225 E Chop Dr Oak Bluffs, MA 02557

Estimated Value: $3,415,000 - $4,007,000

3 Beds
3.5 Baths
2,449 Sq Ft
$1,518/Sq Ft Est. Value

Last Sold September 18, 2020

Last sale price $2,300,000 $939 Per Sq Ft

Est. 62% increase in value since last sale

Current estimated payment $21,218/month

105 Days on Market

Highlights

  • Waterfront
  • Pasture Views
  • Deck

About This Home

As of September 2020

Please contact listing agent for special circumstances in this sale. Tempting buy on "Telegraph Hill"! This is the perfect “Nautical Neighborhood” to begin (or continue) your family legacy on Martha’s Vineyard. Recently renovated to create a touch of class, this elegant, distinctive home overlooks Vineyard Sound and the East Chop Lighthouse. The home was completely re-designed and rebuilt (by South Mountain Company) in 2014-15 to take advantage of the never-ending water view and finished in custom detail to meet the high standards of the owner. From the moment you enter, you will be “wowed” by the view and quality of craftsmanship. There is beautiful Birch flooring that runs throughout most of the home including the upscale, gourmet “cooks” kitchen. And...What a difference a well-designed kitchen makes! This includes a center island work station where you can chop ingredients, roll out pizza dough or cut fresh flowers from the garden. All appliances are “top of the line” and the custom-built walnut cabinets are 2nd to none. From the kitchen, you will enjoy the water view, a glowing fire in the Stone fireplace and be part of all the activities in the wide-open dining/living room. The substantial rear deck and an expansive green lawn look over Vineyard Sound to Cape and beyond. You will enjoy the lighted evening shorelines along Vineyard Sound, glowing sunsets and sunrises and on the 4th of July, view the numerous firework displays from Edgartown to Falmouth and beyond...simply spectacular! Be sure to see the attached document "Marketing Material" for a list of the property features. Rentals in place for summer 2020

Last Agent to Sell the Property

Doug Reece

On-Island Realty Listed on: 02/14/2020

Home Details

Home Type

  • Single Family

Est. Annual Taxes

  • $22,752

Year Built

  • Built in 1950 | Remodeled in 2015

Lot Details

  • 0.51 Acre Lot
  • Waterfront
  • Property is zoned R2

Interior Spaces

  • 2,449 Sq Ft Home
  • Pasture Views

Bedrooms and Bathrooms

  • 3 Bedrooms

Outdoor Features

  • Deck

Utilities

  • Heat Pump System
  • Septic Tank
  • Cable TV Available

Listing and Financial Details

  • Tax Lot 83
  • Assessor Parcel Number 1
  • $1,839,700 per year additional tax assessments

Home Details

Home Type

Single Family

Est. Annual Taxes

$22,752

Year Built

Built in 1950 | Remodeled in 2015

Lot Details

0

Listing Details

  • Property Sub Type: Single Family Residence
  • Property Type: Residential
  • Frontage: Waterfront
  • Lot Features: Agreement of Restrictive Covenants and View Easements in Book 828 Page 287., Level grassy yard
  • LotSizeAcres: 0.505
  • View: None, Pasture
  • Co List Office Mls Id: 743
  • Building Area Total: 2449
  • Has Fireplace?: No
  • Effective Year Built: 2015
  • Year Built: 1950
  • Parcel #: 1
  • reviewed: Yes
  • Special Features: None
  • Year Built: 1950
  • Year Renovated: 2015

Interior Features

  • Possible Use: Case File No. 320
  • Appliances: Stove: La Cornue (gas), Washer: Whirlpool
  • Has Basement: partial unfinished. Good storage
  • Full Bathrooms: 3
  • Half Bathrooms: 1
  • Total Bedrooms: 3
  • Fireplace Features: 2
  • Flooring: Birch, Italian Tile
  • Interior Amenities: A,AC,Ins,Irr,OSh, Floor 1: Welcoming portico invites you into this single level, split bedroom, custom-designed/built home. The elegant master bedroom is separated from the guest wing by a spectacular great room complete with beautiful stone accent around the gas fireplace, bar area and custom woodwork throughout. Much of the finish is from "reclaimed" Cypress and Fir"; just one of the numerous classy touches. Each bedroom is en-suite and the office area looks over Vineyard Sound, where you will watch the very active view of boats coming and going., Floor 2: none, Floor 3: none

Exterior Features

  • Pool Private: No
  • Exterior Features: Deck, Tennis, PvtBch, PubBch, WViews, Cov
  • Foundation Details: concrete
  • Other Structures: Storage Shed

Garage/Parking

  • Parking Features: 4-6 off street

Utilities

  • Heating: Heat Pump
  • Sewer: Septic Tank
  • Utilities: Cbl
  • Water Source: Town

Lot Info

  • Lot Size Sq Ft: 22000
  • Zoning: R2

Multi Family

  • Number Of Units Furnished: Unfurnished

Tax Info

  • Tax Annual Amount: 22752
  • Tax Lot: 83
  • Tax Map Number: 2
  • Tax Other Annual Assessment Amount: 1839700
  • Tax Year: 2020

Ownership History

Date Name Owned For Owner Type

Purchase Details

Closed on
May 17, 2022
Sold by
Carter Joseph C and Manson-Carter Rae
Bought by
Carter Rt
Current Estimated Value
$3,716,735

Purchase Details

Listed on
Feb 14, 2020
Closed on
Sep 11, 2020
Sold by
Parham Joseph G Jr Est
Bought by
Manson-Carter Rae and Carter Joseph C
Seller's Agent
Doug Reece
On-Island Realty
List Price
$2,790,000
Sold Price
$2,300,000
Premium/Discount to List
-$490,000
-17.56%

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Avg. Annual Appreciation
9.69%
Original Mortgage
$1,200,000
Interest Rate
2.8%
Mortgage Type
Purchase Money Mortgage
Source: Public Records

Range of Values:

--
Value Increase
--
Percent Increase
--
Adjusted for Inflation
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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
Carter Rt -- None Available
Manson-Carter Rae $2,300,000 None Available
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Previous Owner Manson-Carter Rae $1,200,000
Source: Public Records

Property History

Date Event Price List to Sale Price per Sq Ft Prior Sale
09/18/2020 09/18/20 Sold $2,300,000 -17.6% $939 / Sq Ft
05/29/2020 05/29/20 Pending -- -- --
02/14/2020 02/14/20 For Sale $2,790,000 +21.3% $1,139 / Sq Ft
11/20/2013 11/20/13 Sold $2,300,000 -16.4% $977 / Sq Ft View Prior Sale
09/05/2013 09/05/13 Pending -- -- --
07/01/2013 07/01/13 For Sale $2,750,000 -- $1,168 / Sq Ft
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 $19,076 $3,777,500 $2,321,100 $1,456,400
2024 $18,847 $3,603,700 $2,109,300 $1,494,400
2023 $18,102 $3,428,400 $2,049,500 $1,378,900
2022 $17,577 $2,588,600 $1,496,200 $1,092,400
2021 $21,596 $2,930,300 $1,931,700 $998,600
2020 $21,141 $2,841,500 $1,839,700 $1,001,800
2019 $21,077 $2,740,800 $1,758,500 $982,300
2018 $20,792 $2,655,400 $1,739,800 $915,600
2017 $16,493 $2,023,700 $1,709,200 $314,500
2016 $15,609 $1,924,700 $1,762,100 $162,600
2015 $17,346 $2,179,200 $1,762,100 $417,100
2014 $15,736 $2,014,800 $1,640,200 $374,600
Source: Public Records

Agents Affiliated with this Home

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Map

Source: LINK (Vineyard)

MLS Number: 36309

APN: OAKB-000002-000083-000001