NOT LISTED FOR SALE
10 Beds
10.5 Baths
5,600 Sq Ft
0.25 Acre Lot

Sale Details

Date Sold: June 18, 2019

Last sale price $2,700,000 $482 Per Sq Ft

About This Home

As of June 2019

Property consists of two separate buildings with a total of five bright and spacious condo units. Located only a short walk to Edgartown's shops, restaurants, and art gallery's, this development is a prime location for someone looking for a commercially-zoned B2 investment property with terrific rental income potential. Each unit features cherry cabinets, stainless steel appliances, granite counter tops, central AC, ceiling fans, hardwood floors, full basements and more! All units have Hunter Douglas window treatments and all-weather Adirondack chairs on each porch. The complex features one 1 bed/1.5 bath unit, three 2 bed/2bath units and one 3 bed/3 bath unit, all offered partially furnished. There is also private parking on the property. The complex has been professionally maintained, and has a great rental history. All units are currently leased year round, which would allow a buyer to see rental income right away.

Last Agent to Sell the Property

LINK Email Cache

LINK Listed on: 06/18/2019

Property Details

Home Type

  • Multi-Family

Year Built

  • Built in 2008

Lot Details

  • 0.25

Interior Spaces

  • 5,600 Sq Ft Home
  • Partially Furnished
  • Basement Fills Entire Space Under The House
  • Washer

Bedrooms and Bathrooms

  • 10 Bedrooms

Additional Features

  • Porch
  • 10,890 Sq Ft Lot
  • Cable TV Available

Listing and Financial Details

  • Tax Lot 81
  • $432,100 per year additional tax assessments

Property Details

Home Type

Multi-Family

Year Built

Built in 2008

Lot Details

0.25 Acres

Listing Details

  • Property Sub Type: Multi Family
  • Property Type: Multi Family
  • Frontage: None
  • Lot Features: None
  • LotSizeAcres: 0.25
  • View: None
  • Co List Office Mls Id: 2
  • Building Area Total: 5600
  • Has Fireplace?: No
  • Year Built: 2008
  • reviewed: Yes
  • Special Features: None

Interior Features

  • Appliances: Stove: GE Stainless, Washer: Yes
  • Has Basement: Full, unfinished basements
  • Full Bathrooms: 10
  • Half Bathrooms: 1
  • Total Bedrooms: 10
  • Fireplace Features: None
  • Flooring: Hardwood, Tile
  • Interior Amenities: AC,Irr

Exterior Features

  • Pool Private: No
  • Exterior Features: Porch
  • Foundation Details: Poured Concrete

Garage/Parking

  • Parking Features: Off street, one space per unit

Utilities

  • Heating: GFHA
  • Sewer: Twn
  • Utilities: Cbl
  • Water Source: Town

Lot Info

  • Lot Size Sq Ft: 10890
  • Zoning: B2

Multi Family

  • Number Of Units Furnished: Partially

Tax Info

  • Tax Lot: 81
  • Tax Map Number: 20A
  • Tax Other Annual Assessment Amount: 432100
  • Tax Year: 2019

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
Jun 18, 2019
Closed on
Jun 17, 2019
Sold by
Bought by
Seller's Agent
LINK Email Cache
LINK
Sold Price
$2,700,000

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$1,600,000
Interest Rate
0.041%
Mortgage Type
Purchase Money Mortgage

Purchase Details

Closed on
Oct 20, 2008
Sold by
Bought by

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$775,000
Interest Rate
0.0641%
Mortgage Type
Commercial

Purchase Details

Closed on
Aug 8, 2008
Sold by
Bought by
Source: Public Records
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Home Values in the Area

Source: Public Records

Average Home Value in this Area





Source: Public Records

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
$2,700,000 --
-- --
$900,000 --
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 $1,600,000
Previous Owner $900,000
Previous Owner $775,000
Previous Owner $104,000
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
06/18/2019 06/18/19 Sold $2,700,000 -- $482 / Sq Ft
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 $6,270 $2,366,200 $762,600 $1,603,600
2024 $6,034 $2,366,200 $762,600 $1,603,600
2023 $5,853 $2,322,700 $719,100 $1,603,600
2022 $5,958 $1,966,200 $561,700 $1,404,500
2021 $6,196 $1,889,000 $484,500 $1,404,500
2020 $5,086 $1,518,300 $445,200 $1,073,100
2019 $5,825 $1,505,200 $432,100 $1,073,100
2018 $5,014 $1,453,700 $380,600 $1,073,100
2017 $4,868 $1,371,200 $406,000 $965,200
2016 $4,826 $1,333,100 $367,900 $965,200
2015 $4,522 $1,303,100 $337,900 $965,200
Source: Public Records

Agents Affiliated with this Home

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Map

Source: LINK (Vineyard)

MLS Number: 35455

APN: EDGA M:020A B:0081 L:

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