NOT LISTED FOR SALE

Estimated Value: $4,573,000 - $13,289,032

7 Beds
4 Baths
3,414 Sq Ft
$2,616/Sq Ft Est. Value

Sale Details

Date Sold: March 6, 2017

Last sale price $11,750,000 $3,442 Per Sq Ft

Est. 24% decrease in value since last sale

Current estimated payment $49,939 / mo

50 Days on Market

Highlights

  • 18.5 Acre Lot
  • Fireplace
  • Garden
  • Deck
  • Patio

About This Home

As of March 2017

This waterfront estate on Seven Gates Farm is one of Chilmark's finest properties. Its unmatched beauty includes expansive water views, a sandy beach, and 18.5 spectacular rolling acres. Some of the premier views found anywhere on the Island can be enjoyed from this property. The home is a large, charming, old Vineyard shingle style home and, rare on the Island, the access to the beach from the house is a short, gently sloping path. Site 8 is located in one of the most pristine, private areas of the Island. It is part of an incomparable community comprised of approximately 1600 acres. 1000 acres are common land, mostly in conservation: gorgeous open fields, woodlands, ponds, and miles of walking and riding trails. Properties in Seven Gates Farm benefit from access to nearly 2-miles of community beach, two piers and two tennis courts. This is an opportunity to belong to a unique community, originally an assemblage of farms, dedicated to the stewardship of the land. 2% fee to SGF Corporation, see comments section.

Last Agent to Sell the Property

Shakti Reynolds

Wallace & Co. Sotheby's Listed on: 07/06/2016

Last Buyer's Agent

Shakti Reynolds

Wallace & Co. Sotheby's Listed on: 07/06/2016

Home Details

Home Type

  • Single Family

Est. Annual Taxes

  • $20,976

Year Built

  • Built in 1924 | Remodeled in 2011

Lot Details

  • 18.5 Acre Lot
  • Garden
  • Property is zoned R3

Interior Spaces

  • 3,414 Sq Ft Home
  • Fireplace
  • Stove
  • Washer

Bedrooms and Bathrooms

  • 7 Bedrooms
  • 4 Full Bathrooms

Outdoor Features

  • Deck
  • Patio

Utilities

  • Well
  • Septic Tank

Community Details

  • Association fees include corp insur., sgf taxes, beaches, docks, tennis, farm maintenance.

Listing and Financial Details

  • Tax Lot 12
  • $7,179,300 per year additional tax assessments

Home Details

Home Type

Single Family

Est. Annual Taxes

$20,976

Year Built

Built in 1924 | Remodeled in 2011

Lot Details

18.5 Acres

Listing Details

  • Property Sub Type: Single Family Residence
  • Property Type: Residential
  • Frontage: Snd
  • Lot Features: Landscaped with stone walls and path to the beach
  • LotSizeAcres: 18.5
  • View: None
  • Association Fees: 11201
  • Association Fee Inclusions: Corp insur., SGF taxes, beaches, docks, tennis, farm maintenance.
  • Co List Office Mls Id: 741
  • Building Area Total: 3414
  • Has Fireplace?: No
  • Effective Year Built: 2011
  • Year Built: 1924
  • reviewed: Yes
  • Special Features: None
  • Year Built: 1924
  • Year Renovated: 2011

Interior Features

  • Appliances: Stove: Yes, Washer: Yes
  • Has Basement: New heating system, 2011
  • Full Bathrooms: 4
  • Total Bedrooms: 7
  • Fireplace Features: yes
  • Flooring: 2
  • Interior Amenities: Ins, Floor 1: Living room, dining room, kitchen, 3-bedrooms, two full baths., Floor 2: 4-bedrooms

Exterior Features

  • Pool Private: No
  • Exterior Features: Deck, Garden, Patio, C/Tennis, AscBch, DdBch, WViews, Cov
  • Foundation Details: Full
  • Other Structures: Detached 2-car garage.

Garage/Parking

  • Parking Features: Yes

Utilities

  • Heating: OFHA
  • Sewer: Septic Tank
  • Utilities: Sat
  • Water Source: Well

Lot Info

  • Lot Size Sq Ft: 805860
  • Zoning: R3

Multi Family

  • Number Of Units Furnished: Unfurnished

Tax Info

  • Tax Annual Amount: 20976
  • Tax Lot: 12
  • Tax Map Number: 1
  • Tax Other Annual Assessment Amount: 7179300
  • Tax Year: 2016

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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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
03/06/2017 03/06/17 Sold $11,750,000 -15.8% $3,442 / Sq Ft
08/25/2016 08/25/16 Pending -- -- --
07/06/2016 07/06/16 For Sale $13,950,000 -- $4,086 / Sq Ft
Source: LINK (Vineyard)

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 $31,073 $13,810,200 $12,183,700 $1,626,500
2024 $28,284 $13,341,500 $11,772,300 $1,569,200
2023 $27,008 $10,269,300 $9,055,100 $1,214,200
2022 $23,099 $8,191,200 $7,158,500 $1,032,700
2021 $23,379 $8,034,000 $7,158,500 $875,500
2020 $22,529 $7,877,100 $7,018,200 $858,900
2019 $22,338 $7,756,200 $7,018,200 $738,000
2018 $21,330 $7,756,200 $7,018,200 $738,000
2017 $20,943 $7,814,400 $7,179,300 $635,100
2016 $21,173 $7,813,000 $7,179,300 $633,700
2015 $20,577 $7,823,900 $7,179,300 $644,600
2014 $20,372 $8,214,700 $7,835,400 $379,300
Source: Public Records

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Map

Source: LINK (Vineyard)

MLS Number: 26166

APN: CHIL-000001-000000-000012

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