NOT LISTED FOR SALE

Estimated Value: $2,207,000 - $3,144,000

1.62 Acres
$1,779,761 Price per Acre
70,567 Sq Ft Lot

Last Sold February 10, 2021

Last sale price $2,000,000

Est. 44% increase in value since last sale

Current estimated payment $15,958/month

2 Days on Market

Highlights

  • 1.62 Acre Lot
  • No HOA
  • Bike Trail
  • Wooded Lot
  • Tennis Courts
  • Level Lot

About This Lot

As of February 2021

An exciting land opportunity in the heart of Katama with easy access to South Beach. Located in a well-established high-end Edgartown neighborhood, this 1.6 acre lot features unmatched privacy while offering easy access to Downtown Edgartown shops and restaurants and the Katama General Store. An ideal setting for your Martha's Vineyard home, this location can support a substantial 4-bedroom home and potential for pool. Surrounded by multi-million-dollar homes, this is a premier setting not to be missed!

Last Agent to Sell the Property

Alyssa Halisky

Wallace & Co. Sotheby's International Realty License #448007129 Listed on: 01/29/2021

Wallace & Co. Sotheby's International Realty

Last Buyer's Agent

Buyer Unrepresented

mv.UnrepBuyer License #0

Property Details

Property Type

  • Land

Est. Annual Taxes

  • $2,310

Lot Details

  • 1.62 Acre Lot
  • Dirt Road
  • Level Lot
  • Wooded Lot
  • Property is zoned R60

Utilities

  • Private Sewer
  • Cable TV Available

Listing and Financial Details

  • Assessor Parcel Number 371202

Community Details

Overview

  • No Home Owners Association

Recreation

  • Tennis Courts
  • Bike Trail

Property Details

Property Type

Land

Est. Annual Taxes

$2,310

Lot Details

0

Listing Details

  • Property Type: Land
  • Property Sub Type: Residential
  • Lot Size Acres: 1.62
  • Road Surface Type: Dirt
  • Directions: Slough Cove Road to West Street. Lot is on the right right after #28. OR Herring Creek Road to Proprietors Lane. Proprietors Lane turns into West Street. Lot on left.
  • Special Features: None

Exterior Features

  • Lot Features: Bike Path, Public Tennis, Level, Wooded
  • Waterfront: No

Utilities

  • Sewer: Private Sewer
  • Utilities: Cable Available
  • Electric: At Street
  • Electricity On Property: No

Condo/Co-op/Association

  • Association: No

Lot Info

  • Zoning: R60
  • Lot Size Sq Ft: 70567
  • Parcel #: 371202
  • ResoLotSizeUnits: Acres

Tax Info

  • Tax Year: 2020
  • Tax Annual Amount: 2310
  • Tax Book Number: 1559

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
Jan 29, 2021
Closed on
Feb 6, 2021
Sold by
32 West Street Llc
Bought by
Dunsmuir Llc
Seller's Agent
Alyssa Halisky
Wallace & Co. Sotheby's International Realty
Buyer's Agent
Buyer Unrepresented
mv.UnrepBuyer
List Price
$2,295,000
Sold Price
$2,000,000
Premium/Discount to List
-$295,000
-12.85%
Total Days on Market
2
Current Estimated Value
$2,883,213

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$883,213
Avg. Annual Appreciation
7.21%
Original Mortgage
$975,000
Outstanding Balance
$896,924
Interest Rate
3.99%
Mortgage Type
Purchase Money Mortgage
Estimated Equity
$1,846,633

Purchase Details

Listed on
Jan 29, 2021
Closed on
Jan 5, 2021
Sold by
West Acres T
Bought by
32 West Llc
Seller's Agent
Alyssa Halisky
Wallace & Co. Sotheby's International Realty
Buyer's Agent
Buyer Unrepresented
mv.UnrepBuyer
List Price
$2,295,000
Sold Price
$2,000,000
Premium/Discount to List
-$295,000
-12.85%

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$975,000
Outstanding Balance
$896,924
Interest Rate
3.99%
Mortgage Type
Purchase Money Mortgage
Estimated Equity
$1,846,633
Source: Public Records

Range of Values:

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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
Dunsmuir Llc $2,000,000 None Available
32 West Llc $1,300,000 None Available
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Open Dunsmuir Llc $975,000
Source: Public Records

Property History

Date Event Price Change Sq Ft Price
02/10/2021 02/10/21 Sold $2,000,000 -12.9% --
02/01/2021 02/01/21 Pending -- -- --
01/29/2021 01/29/21 For Sale $2,295,000 -- --
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 $2,972 $1,121,600 $1,121,600 $0
2024 $2,860 $1,121,600 $1,121,600 $0
2023 $2,849 $1,130,600 $1,130,600 $0
2022 $2,423 $799,700 $799,700 $0
2021 $2,263 $689,800 $689,800 $0
2020 $2,123 $633,800 $633,800 $0
2019 $2,381 $615,200 $615,200 $0
2018 $2,248 $559,200 $559,200 $0
2017 $2,118 $596,500 $596,500 $0
2016 $1,817 $501,800 $501,800 $0
2015 $1,741 $501,800 $501,800 $0
Source: Public Records

Agents Affiliated with this Home

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Map

Source: Martha's Vineyard MLS

MLS Number: 32100028

Martha

APN: EDGA-000037-000120-000002