NOT LISTED FOR SALE

46 Narragansett Ave Oak Bluffs, MA 02557

Oak Bluffs Neighborhood

Estimated Value: $2,483,794

15 Beds
15 Baths
4,294 Sq Ft
$578/Sq Ft Est. Value

Last Sold October 19, 2018

Last sale price $1,575,000 $367 Per Sq Ft

Est. 58% increase in value since last sale

Current estimated payment $14,164/month

339 Days on Market

Highlights

  • Deck
  • Screened Porch
  • 3-minute walk to Ocean Park
  • Furnished
  • Garden

About This Home

As of October 2018

The Narragansett House is a gorgeous Victorian Inn, Built in 1880. Narragansett House has been an Inn for 138 years, and owned and lovingly operated by the same family for the past 31 years. Ideally located a couple of blocks from sandy beaches, fine restaurants, and shopping. This Multi-Use Property is presently run as 80% commercial and 20% residential, and could easily be converted to a private residence. This beautiful Inn is in the highly sought-after Copeland District neighborhood 1.5 blocks from Circuit Ave and 2 blocks from the beach. Situated on one of the largest lots in the area, the Narragansett House with 13 guest rooms all with private baths, some with balconies and ac/heat splits. The inviting and spacious wrap-around porch, and front parlor feature period details and stained-glass windows overlook beautiful perennial gardens. The Private owner’s quarters located on the main floor has an open living-kitchen area, 2 bedrooms, 2 bathrooms, an office and private porch with gardens. Being sold fully furnished (less a dozen or so personal items) a fully turn key operation, bed linens and comforters and towels.

Last Agent to Sell the Property

Leslie Graham

Anchor Realty of Martha's Vineyard Listed on: 06/23/2017

Last Buyer's Agent

Fred Roven

Martha's Vineyard Buyer Agents

Home Details

Home Type

  • Single Family

Est. Annual Taxes

  • $8,556

Year Built

  • Built in 1880 | Remodeled in 2007

Lot Details

  • 6,098 Sq Ft Lot
  • Garden
  • Property is zoned R1

Interior Spaces

  • 4,294 Sq Ft Home
  • Furnished
  • Screened Porch
  • Crawl Space

Bedrooms and Bathrooms

  • 15 Bedrooms
  • 15 Full Bathrooms

Outdoor Features

  • Deck

Utilities

  • Septic Tank
  • Cable TV Available

Community Details

  • Association fees include municipal sewer grinder on property, betterment fees are till 2027, 2017 fee $1098.82, 2018 fee is $1080.50

Listing and Financial Details

  • Tax Lot 28
  • $366,900 per year additional tax assessments

Home Details

Home Type

Single Family

Est. Annual Taxes

$8,556

Year Built

Built in 1880 | Remodeled in 2007

Lot Details

0

Listing Details

  • Property Sub Type: Single Family Residence
  • Property Type: Residential
  • Frontage: None
  • Lot Features: Landscaped
  • LotSizeAcres: 0.1399
  • View: None, Res
  • Association Fee Inclusions: Municipal sewer grinder on property, betterment fees are till 2027, 2017 fee $1098.82, 2018 fee is $1080.50
  • Co List Office Mls Id: 924
  • Building Area Total: 4294
  • Has Fireplace?: No
  • Effective Year Built: 2007
  • Year Built: 1880
  • Parcel #: 0
  • reviewed: Yes
  • Special Features: None
  • Year Built: 1880
  • Year Renovated: 2007

Interior Features

  • Appliances: Stove: Jenn-Air 2007, Washer: Maytag (2017 NEW)
  • Has Basement: crawl
  • Full Bathrooms: 15
  • Total Bedrooms: 15
  • Flooring: 2
  • Interior Amenities: MiniSplit, Floor 1: Front wrap around porch, with main foyer, with original cranberry Victorian windows. Coffee room off the hallway. Guest rooms 12 (Queen) &14 (King or 2 Twins) are in Main Entrance of Inn. Around the back of the Inn are 3 more guest rooms (9,10,11) Rooms 9 & 10 both are Queen with A/C. 11 King or 2 Twins, is the efficiency apartment unit, with mini fridge, microwave, kitchen counter and sink, and a larger bathroom. Owners apartment underwent some renovations in 2004 with new back wall and roof and wood grain composite flooring. Private screened in porch & deck. Inside the walls are painted a warm color with an open living room, tastefully updated kitchen, and nice appliances, 36" GE refrigerator, and tiled private bathroom with pedestal sink and shower stall. 2 bedrooms, and extra room for office, or other living space. A Laundry room, kitchenette and storage room complete the first floor. 3 heat zones with a propane Viesman Boiler, FHW baseboard, Floor 2: Up the narrow Victorian staircase, you land at Room 1 (Queen) on your left -private princess porch that overlooks Jane's beautiful gardens, the Grace Church and street activity. Room 2 has King or 2 Twins, mini split and private porch, with a bath across the hall. Room 3 -Queen, and has the original details of the old Turret that was taken away by a hurricane. Room 4 is a large room w King or (2 Twins) and larger bathroom (a/c unit) . Room 5, Queen has a mini split. Room 6 - Queen, has a/c. Room 7 Queen & porch overlooking front street and gardens. Room 8 - Queen, has a/c. A fire escape staircase connected to 2nd floor, has been just repainted in May.

Exterior Features

  • Pool Private: No
  • Exterior Features: Deck, Garden, Porch, C/Tennis, PubBch, ScrPorch
  • Foundation Details: crawl, brick pillions

Garage/Parking

  • Parking Features: 1 spot, street parking

Utilities

  • Heating: GFHW
  • Sewer: Septic Tank
  • Utilities: Cbl
  • Water Source: Town

Lot Info

  • Lot Size Sq Ft: 6098
  • Zoning: R1

Multi Family

  • Number Of Units Furnished: Furnished

Tax Info

  • Tax Annual Amount: 8556
  • Tax Lot: 28
  • Tax Map Number: 11
  • Tax Other Annual Assessment Amount: 366900
  • Tax Year: 2017

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
Jun 23, 2017
Closed on
Oct 19, 2018
Sold by
Lofgren Paul F and Lofgren Jane E
Bought by
Inkwell House Rt
Seller's Agent
Leslie Graham
Anchor Realty of Martha's Vineyard
Buyer's Agent
Fred Roven
Martha's Vineyard Buyer Agents
List Price
$2,100,000
Sold Price
$1,575,000
Premium/Discount to List
-$525,000
-25%
Current Estimated Value
$2,483,794

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$908,794
Avg. Annual Appreciation
6.60%
Original Mortgage
$1,074,500
Outstanding Balance
$937,028
Interest Rate
4.5%
Mortgage Type
Purchase Money Mortgage
Estimated Equity
$1,546,766

Purchase Details

Closed on
Jun 12, 1986
Bought by
Lofgren Paul F and Lofgren Jane E
Source: Public Records

Range of Values:

--
Value Increase
--
Percent Increase
--
Adjusted for Inflation
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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
Inkwell House Rt $1,575,000 --
Lofgren Paul F $235,000 --
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Open Inkwell House Rt $1,074,500
Source: Public Records

Property History

Date Event Price List to Sale Price per Sq Ft
10/19/2018 10/19/18 Sold $1,575,000 -25.0% $367 / Sq Ft
05/28/2018 05/28/18 Pending -- -- --
06/23/2017 06/23/17 For Sale $2,100,000 -- $489 / 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 $13,031 $2,653,900 $864,000 $1,789,900
2024 $13,512 $2,649,400 $785,200 $1,864,200
2023 $12,691 $2,435,900 $762,900 $1,673,000
2022 $11,904 $1,763,500 $574,700 $1,188,800
2021 $10,674 $1,448,300 $489,100 $959,200
2020 $9,714 $1,305,700 $465,800 $839,900
2019 $8,039 $1,045,400 $406,200 $639,200
2018 $7,886 $1,007,200 $366,900 $640,300
2017 $7,265 $891,400 $338,400 $553,000
2016 $6,624 $816,800 $348,900 $467,900
2015 $6,253 $785,500 $348,900 $436,600
2014 $6,250 $800,300 $299,400 $500,900
Source: Public Records

Agents Affiliated with this Home

  • L

    Seller's Agent in 2018

    Leslie Graham

    Anchor Realty of Martha's Vineyard

  • F

    Buyer's Agent in 2018

    Fred Roven

    Martha's Vineyard Buyer Agents

See All Agents

Map

Source: LINK (Vineyard)

MLS Number: 32203

APN: OAKB-000011-000028

Massachusetts Dukes County Oak Bluffs Oak Bluffs

46 Narragansett Ave, Oak Bluffs, MA

Not Listed for Sale

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