$2,900,000
SOLD JUL 10, 2020
4 Beds
3.5 Baths
3,718 Sq Ft
1.51 Acres

Recently Sold

$780 Per Sq Ft

3% Below List Price

8 Days on Market

Highlights

  • 1.51 Acre Lot
  • Corner Lot
  • Bike Trail
  • Cape Cod Architecture
  • Forced Air Heating and Cooling System
  • Near Conservation Area

About This Home

As of July 2020

Exciting opportunity for you to complete this newly constructed 4 bedroom Katama home. Architecturally designed custom ''Vineyard Beach House'' is ready for drywall or plaster(your choice) and your decorating ideas. Home is being sold in its current state: rough inspections complete and recently insulated. Over 3,700 sq. ft. designed to fit your lifestyle and you can work with the current builder or bring in your own builder to finish the home and meet your high expectations! Room for a pool and detached garage/studio. 1.5 acre lot is approximately 1 mile from South Beach for enjoying the sand and the surf and about the same distance to Katama Bay for shell fishing, kayaking and boating. Or get your ''over the sand permit'' and enjoy the day at Norton Point! Sea Breezes and a Salty Scent is ready for you at this Island Retreat.

Last Agent to Sell the Property

Douglas Reece

RE/MAX on Island License #448002294 Listed on: 05/19/2020

Last Buyer's Agent

Stacy Ickes

Donnelly + Co. License #448011923

Home Details

Home Type

  • Single Family

Est. Annual Taxes

  • $3,838

Year Built

  • Built in 2019

Lot Details

  • 1.51 Acre Lot
  • The property's road front is unimproved
  • Property fronts a private road
  • Near Conservation Area
  • Corner Lot
  • Level Lot
  • Property is zoned R60

HOA Fees

  • $50 Monthly HOA Fees

Home Design

  • Cape Cod Architecture
  • Concrete Perimeter Foundation

Interior Spaces

  • 3,718 Sq Ft Home
  • 2-Story Property

Bedrooms and Bathrooms

  • 4 Bedrooms

Basement

  • Basement Fills Entire Space Under The House
  • Interior Basement Entry

Utilities

  • Forced Air Heating and Cooling System
  • Electric Water Heater
  • Fuel Tank
  • Septic Tank

Listing and Financial Details

  • Assessor Parcel Number 45/551

Community Details

Overview

  • Association fees include road maintenance

Recreation

  • Bike Trail

Home Details

Home Type

Single Family

Est. Annual Taxes

$3,838

Year Built

Built in 2019

Lot Details

0

HOA Fees

$50 per month

Listing Details

  • Property Type: Residential
  • Property Sub Type: Single Family Residence
  • Year Built: 2019
  • Lot Size Acres: 1.51
  • Road Frontage Type: Private Road
  • Road Surface Type: Unimproved
  • Directions: Pease's Point Way South to Katama Fork. Bear left on Katama Dr for about 1.5 miles to Beach Plum Meadows on right. Turn right. First house on left
  • Architectural Style: Cape Cod
  • Garage Yn: No
  • Year Built Details: Actual,Under Construction
  • Special Features: None

Interior Features

  • Appliances: Electric Water Heater, Water Heater
  • Basement: Full, Walk-Out Access, Interior Entry
  • Total Bedrooms: 4
  • Other Equipment: Fuel Tank(s)
  • Full Bathrooms: 3
  • Half Bathrooms: 1
  • Fireplace: No
  • Flooring: Other
  • Living Area: 3718
  • Stories: 2

Exterior Features

  • Lot Features: Bike Path, Conservation Area, Corner Lot, Level
  • Pool Private: No
  • Waterfront: No
  • Foundation Details: Concrete Perimeter, Poured

Utilities

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

Condo/Co-op/Association

  • Association Fee: 600
  • Association Fee Frequency: Annually
  • Association: Yes

Fee Information

  • Association Fee Includes: Road Maintenance

Lot Info

  • Zoning: R60
  • Land Lease: No
  • Lot Size Sq Ft: 65776
  • Parcel #: 45/551
  • ResoLotSizeUnits: Acres

Tax Info

  • Tax Year: 2020
  • Tax Annual Amount: 3838

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
May 19, 2020
Closed on
Jul 9, 2020
Sold by
Grant Halcott and Grant Catherine
Bought by
Lotfi Morteza and Hassanein Jinous
Seller's Agent
Douglas Reece
RE/MAX on Island
Buyer's Agent
Stacy Ickes
Donnelly + Co.
List Price
$3,000,000
Sold Price
$2,900,000
Premium/Discount to List
-$100,000
-3.33%
Current Estimated Value
$5,915,853

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$3,015,853
Avg. Annual Appreciation
15.80%
Original Mortgage
$3,600,000
Interest Rate
3.49%
Mortgage Type
Purchase Money Mortgage

Purchase Details

Listed on
Feb 14, 2018
Closed on
Feb 14, 2018
Sold by
Silberstein Thomas J and Newman Elizabeth
Bought by
Grant Halcott and Grant Catherine
Seller's Agent
Non Member
mv.unknownoffice
List Price
$1,200,000
Sold Price
$1,200,000

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Avg. Annual Appreciation
44.44%

Purchase Details

Closed on
Sep 21, 2004
Sold by
Richardson Barbara F and Richardson Preston T
Bought by
Newman Elizabeth and Silberstein Thomas J

Purchase Details

Closed on
Oct 21, 2002
Sold by
Wetu Land Co Llc
Bought by
Richardson Preston T and Richardson Barbara F

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$137,000
Interest Rate
6.18%
Mortgage Type
Purchase Money Mortgage
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 $2,900,000 None Available
Not Resolvable $1,200,000 --
Deed $690,000 --
Deed $152,310 --
Source: Public Records

Mortgage History

Date Status Loan Amount Loan Type
Open $3,500,000 Adjustable Rate Mortgage/ARM
Closed $3,600,000 Purchase Money Mortgage
Previous Owner $700,000 Stand Alone Refi Refinance Of Original Loan
Previous Owner $137,000 Purchase Money Mortgage
Source: Public Records

Property History

Date Event Price Change Sq Ft Price
07/10/2020 07/10/20 Sold $2,900,000 -3.3% $780 / Sq Ft
05/27/2020 05/27/20 Pending -- -- --
05/19/2020 05/19/20 For Sale $3,000,000 +150.0% $807 / Sq Ft
02/14/2018 02/14/18 Sold $1,200,000 0.0% --
02/14/2018 02/14/18 Sold $1,200,000 0.0% --
02/14/2018 02/14/18 For Sale $1,200,000 -7.3% --
01/11/2018 01/11/18 Pending -- -- --
08/15/2017 08/15/17 For Sale $1,295,000 -- --
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 $14,967 $5,648,100 $1,367,400 $4,280,700
2024 $13,832 $5,424,300 $1,367,400 $4,056,900
2023 $14,375 $5,704,500 $1,424,700 $4,279,800
2022 $6,978 $2,303,000 $1,343,300 $959,700
2021 $5,245 $1,599,200 $1,220,400 $378,800
2020 $3,717 $1,109,500 $1,109,500 $0
2019 $4,651 $1,201,900 $1,201,900 $0
2018 $3,416 $1,201,900 $1,201,900 $0
2017 $3,282 $924,600 $924,600 $0
2016 $3,105 $857,600 $857,600 $0
2015 $2,976 $857,600 $857,600 $0
Source: Public Records

Agents Affiliated with this Home

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Map

Source: Martha's Vineyard MLS

MLS Number: 32000205

Martha

APN: EDGA-000045-000055-000001