NOT LISTED FOR SALE

Estimated Value: $1,117,000 - $1,199,000

5 Beds
3 Baths
1,664 Sq Ft
$694/Sq Ft Est. Value

Last Sold March 21, 2022

Last sale price $900,000 $541 Per Sq Ft

Est. 36% increase in value since last sale

Current estimated payment $7,234/month

66 Days on Market

Highlights

  • Medical Services
  • Property is near public transit
  • Shops
  • City View
  • Tennis Courts
  • Near Conservation Area

About This Home

As of March 2022

Charming older cape in town convenient location. The main part of the house on two floors contains living room, kitchen-dining combo, 2 bedrooms and 1 full baths; on the upper floor another bedroom and full bath which can be accessed separately. Laundry facilities and large deck off kitchen complete the main part of the home. The finished basement contains an accessory apartment with 2 bedrooms, one full bath, open plan living-dining-kitchen and laundry facilities. A deck off the kitchen and a private yard area,. There is a small detached garage with loft; perfect studio or office. Large side yard. The Tisbury School is across the street with playground; walk to town and shopping. On site parking for 4-5 cars.

Last Agent to Sell the Property

Carmine Cerone

Martha's Vineyard Island Wide Realty, Inc. License #448002225 Listed on: 11/06/2021

Last Buyer's Agent

Carmine Cerone

Martha's Vineyard Island Wide Realty, Inc. License #448002225 Listed on: 11/06/2021

Property Details

Home Type

  • Multi-Family

Est. Annual Taxes

  • $4,328

Year Built

  • Built in 1950

Lot Details

  • 10,200 Sq Ft Lot
  • Near Conservation Area
  • Sloped Lot

Home Design

  • Duplex
  • Block Foundation
  • Frame Construction
  • Shingle Roof

Interior Spaces

  • 1,664 Sq Ft Home
  • Property has 2 Levels
  • City Views
  • Washer

Bedrooms and Bathrooms

  • 5 Bedrooms
  • 3 Full Bathrooms

Finished Basement

  • Walk-Out Basement
  • Basement Fills Entire Space Under The House

Parking

  • 4 Car Parking Spaces
  • Off-Street Parking

Location

  • Property is near public transit
  • Property is near schools

Utilities

  • No Cooling
  • Heating Available
  • Electric Water Heater
  • Sewer Inspection Required for Sale

Listing and Financial Details

  • Total Actual Rent $5,000
  • Rent includes unit 1(water), unit 2(water)
  • Tax Lot 36
  • Assessor Parcel Number 24A/36,2450687

Community Details

Amenities

  • Medical Services
  • Shops

Recreation

  • Tennis Courts

Additional Features

  • 28 Units
  • Net Operating Income $33,600

Property Details

Home Type

Multi-Family

Est. Annual Taxes

$4,328

Year Built

Built in 1950

Lot Details

0

Listing Details

  • Property Type: Residential Income
  • Property Sub Type: 2 Family - 2 Units Up/Down
  • Year Built: 1950
  • Buyer Agency: 2.5
  • Transaction Broker: 2.0
  • Year Built Details: Actual,Renovated Since
  • SUB AGENCY OFFERED: No
  • Year Round: Yes
  • Compensation Based On: Gross/Full Sale Price
  • APOD AVAILABLE: No
  • ResoPropertyType: ResidentialIncome
  • ResoBuildingAreaSource: PublicRecords
  • Special Features: None
  • Stories: 3

Interior Features

  • Flooring: Unit 1(undefined)
  • Interior Amenities: Unit 1 Rooms(Living Room,Dining Room,Kitchen), Unit 2 Rooms(Living RM/Dining RM Combo)
  • Fireplace YN: No
  • Appliances: Unit 1(Range,Refrigerator,Washer,Dryer), Unit 2(Range,Refrigerator,Washer,Dryer), Electric Water Heater
  • Total Bedrooms: 5
  • Full Bathrooms: 3
  • Total Bathrooms: 3
  • Total Bathrooms: 3
  • Basement: Full, Finished, Walk-Out Access
  • Living Area: 1664
  • Stories Total: 3
  • MAIN LO: AN1777
  • LIST PRICE PER Sq Ft: 555.89
  • PRICE PER Sq Ft: 540.87
  • MAIN SO: AN1777

Exterior Features

  • Construction Materials: Frame
  • Foundation Details: Block
  • Home Warranty YN: No
  • Road Frontage Type: Public
  • Roof: Shingle
  • View: City View(s)
  • View YN: Yes
  • Waterfront Features: Beach Front, Harbor, 1/2 to 1 Mile To Beach, Beach Ownership(Public)
  • Waterfront YN: No

Garage/Parking

  • Garage YN: No
  • Parking Features: Off Street
  • Total Parking Spaces: 4

Utilities

  • Sewer: Inspection Required for Sale
  • Cooling: Unit 1(None), Unit 2(None)
  • Heating: Unit 1(Propane), Unit 2(Propane)
  • Cooling Y N: No
  • Heating YN: Yes
  • Water Source: Public

Condo/Co-op/Association

  • Community Features: Public Transportation, Shopping, Tennis Court(s), Medical Facility, Conservation Area, Public School
  • Rent Includes: Unit 1(Water), Unit 2(Water)
  • Senior Community YN: No

Lot Info

  • Parcel Number: 24A/36,2450687
  • Zoning: res
  • Farm Land Area Units: Square Feet
  • Lot Features: Sloped
  • Lot Size Acres: 0.23
  • Lot Size Area: 0.23
  • Lot Size Sq Ft: 10200
  • Lot Size Units: Acres
  • PAGE: 67
  • ResoLotSizeUnits: Acres

Tax Info

  • Tax Year: 2022
  • Tax Annual Amount: 4328
  • Tax Book Number: 754
  • Tax Lot: 36
  • Tax Map Number: 24A

Multi Family

  • Gross Income: 60000
  • Net Operating Income: 33600
  • Number Of Units Total: 28
  • Total Actual Rent: 5000
  • LEVELS 1: 2
  • LEVELS 2: 1
  • LEASE 2: N
  • LEASE 1: N
  • FLRS 1: 1
  • FLRS 2: 2

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
Nov 6, 2021
Closed on
Mar 21, 2022
Sold by
Maclachlan Ian
Bought by
West Spring Cottage Llc
Seller's Agent
Carmine Cerone
Martha's Vineyard Island Wide Realty, Inc.
Buyer's Agent
Carmine Cerone
Martha's Vineyard Island Wide Realty, Inc.
Sold Price
$900,000
Current Estimated Value
$1,221,809

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$321,809
Avg. Annual Appreciation
9.07%
Original Mortgage
$720,000
Outstanding Balance
$681,416
Interest Rate
4.16%
Mortgage Type
Purchase Money Mortgage
Estimated Equity
$524,396

Purchase Details

Closed on
Jan 22, 1999
Sold by
Charpentier Michelle M
Bought by
Maclachlan Ian

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$148,000
Interest Rate
6.7%
Mortgage Type
Purchase Money Mortgage
Source: Public Records

Range of Values:

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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
West Spring Cottage Llc $900,000 None Available
Maclachlan Ian $185,000 --
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Open West Spring Cottage Llc $720,000
Previous Owner Maclachlan Ian $1,743,000
Previous Owner Maclachlan Ian $333,000
Previous Owner Maclachlan Ian $238,000
Previous Owner Maclachlan Ian $148,000
Source: Public Records

Property History

Date Event Price Change Sq Ft Price
03/21/2022 03/21/22 Sold $900,000 -2.7% $541 / Sq Ft
01/12/2022 01/12/22 Pending -- -- --
11/29/2021 11/29/21 For Sale -- -- --
11/26/2021 11/26/21 Pending -- -- --
11/06/2021 11/06/21 For Sale $925,000 -- $556 / Sq Ft
Source: MLS Property Information Network (MLS PIN)

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 $5,828 $769,900 $399,200 $370,700
2024 $5,435 $681,100 $366,500 $314,600
2023 $5,128 $700,600 $367,300 $333,300
2022 $4,652 $534,700 $241,700 $293,000
2021 $4,227 $461,000 $241,700 $219,300
2020 $4,244 $454,900 $241,700 $213,200
2019 $4,075 $444,400 $231,200 $213,200
2018 $3,689 $390,400 $223,000 $167,400
2017 $3,521 $386,500 $225,300 $161,200
2016 $3,340 $364,600 $200,400 $164,200
2015 $2,745 $307,700 $155,900 $151,800
Source: Public Records

Agents Affiliated with this Home

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Map

Source: MLS Property Information Network (MLS PIN)

MLS Number: 72917325

MLS Property Information Network (MLS PIN)

APN: TISB-000024A-000000-000036