NOT LISTED FOR SALE

Estimated Value: $1,163,000 - $1,495,227

1 Bed
1 Bath
512 Sq Ft
$2,475/Sq Ft Est. Value

Last Sold August 09, 2023

Last sale price $995,000 $1,943 Per Sq Ft

Est. 27% increase in value since last sale

Current estimated payment $6,814/month

30 Days on Market

About This Home

As of August 2023

Beautiful private 1.88 acre lot in the North Abel's Hill neighborhood, amidst rolling meadows, lush trees and old stone walls. There is an existing charming 1 bedroom cottage built in 1999. The property has a three bedroom septic that has recently passed Title V, the Chilmark Board of Health has approved the system to serve a two bedroom home with the possibility of approval for a third bedroom. This is a wonderful opportunity to realize your Chilmark dream, by either working with the existing structure or designing a new home. The Chilmark Town Building Inspector has indicated that there can be interior renovations by right, and expansion beyond 800 square feet with a Special Permit from the Zoning Board of Appeals. An Accessory Structure could also be built by right, providing it meets the setback requirements. There are wetlands on the Western edge of the property that mean that any proposed expansion outside of the Building Envelope (see rough sketch in the listing packet created by the Seller's property manager) would need to go before the Chilmark Conservation Commission. The property does not have a share in the Abel's Hill Association (AHA) nor does it have rights to usage of the Abel's Hill private tennis courts or beach access. A buyer may inquire about purchasing a share from AHA, but there is no assurance as to whether a share will be made available, or at what price. Given that the house is situated in a private housing association, the owner may be expected to contribute to the cost of maintaining the shared roadways. Please contact Broker for all showings.

Last Agent to Sell the Property

Elissa Lash

Tea Lane Associates Listed on: 06/27/2022

Last Buyer's Agent

Elissa Lash

Tea Lane Associates Listed on: 06/27/2022

Home Details

Home Type

  • Single Family

Est. Annual Taxes

  • $1,705

Year Built

  • Built in 1999

Lot Details

  • 1.88 Acre Lot
  • Property is zoned R3

Interior Spaces

  • 512 Sq Ft Home
  • Pasture Views
  • Crawl Space
  • Stove

Bedrooms and Bathrooms

  • 1 Bedroom
  • 1 Full Bathroom

Utilities

  • Well
  • Septic Tank

Listing and Financial Details

  • Tax Lot 20-2
  • $489,600 per year additional tax assessments

Home Details

Home Type

Single Family

Est. Annual Taxes

$1,705

Year Built

Built in 1999

Lot Details

0

Listing Details

  • Property Sub Type: Single Family Residence
  • Property Type: Residential
  • Frontage: None
  • Lot Features: yes
  • LotSizeAcres: 1.88
  • View: None, Pasture
  • Co List Office Mls Id: 719
  • Building Area Total: 512
  • Year Built: 1999
  • reviewed: Yes
  • Special Features: None

Interior Features

  • Appliances: Stove: yes
  • Has Basement: crawl
  • Full Bathrooms: 1
  • Total Bedrooms: 1
  • Fireplace Features: no
  • Flooring: wood
  • Interior Amenities: Floor 1: One level open floor plan cottage built in 1999 with full kitchen and full bathroom.

Exterior Features

  • Pool Private: No
  • Exterior Features: PubBch
  • Foundation Details: concrete

Garage/Parking

  • Parking Features: yes

Utilities

  • Heating: PMonitor
  • Sewer: Septic Tank
  • Utilities: None
  • Water Source: Well

Lot Info

  • Lot Size Sq Ft: 81892
  • Zoning: R3

Multi Family

  • Number Of Units Furnished: Unfurnished

Tax Info

  • Tax Annual Amount: 1705.25
  • Tax Lot: 20-2
  • Tax Map Number: 24
  • Tax Other Annual Assessment Amount: 489600
  • Tax Year: 2022

Range of Values:

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Value Increase
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Percent Increase
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Adjusted for Inflation
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Average Value
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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

Property History

Date Event Price List to Sale Price per Sq Ft Prior Sale
08/09/2023 08/09/23 Sold $995,000 -39.7% $1,943 / Sq Ft
07/27/2022 07/27/22 Pending -- -- --
06/27/2022 06/27/22 For Sale $1,650,000 +100.0% $3,223 / Sq Ft
02/15/2018 02/15/18 Sold $825,000 0.0% $1,611 / Sq Ft View Prior Sale
02/15/2018 02/15/18 For Sale $825,000 -- $1,611 / 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 $2,004 $890,500 $732,000 $158,500
2024 $1,670 $787,500 $636,500 $151,000
2023 $1,598 $607,700 $489,600 $118,100
2022 $1,664 $590,000 $489,600 $100,400
2021 $7,243 $575,700 $489,600 $86,100
2020 $1,595 $557,800 $480,000 $77,800
2019 $1,591 $552,600 $480,000 $72,600
2018 $6,675 $552,600 $480,000 $72,600
2017 $1,479 $552,000 $480,000 $72,000
2016 $1,495 $551,500 $480,000 $71,500
2015 $1,453 $552,300 $480,000 $72,300
2014 $1,469 $592,200 $523,300 $68,900
Source: Public Records

Agents Affiliated with this Home

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Map

Source: LINK (Vineyard)

MLS Number: 39731

APN: CHIL-000024-000020-000002