NOT LISTED FOR SALE

5 Ocean View Farm Rd Chilmark, MA 02535

Chilmark Neighborhood

Estimated Value: $2,100,000 - $2,914,000

3 Beds
1.5 Baths
1,342 Sq Ft
$1,832/Sq Ft Est. Value

Last Sold August 02, 2023

Last sale price $2,410,000 $1,796 Per Sq Ft

Est. 2% increase in value since last sale

Current estimated payment $14,132/month

2 Days on Market

Highlights

  • Ocean Front
  • Wood Flooring
  • Cooling System Mounted In Outer Wall Opening
  • Contemporary Architecture
  • 1 Fireplace
  • Heat Pump System

About This Home

As of August 2023

A summer house with views to Squibnocket and Aquinnah. Ocean views are seen from the first floor and the second floor and there's a glimpse of Chilmark Pond as well. According to Chilmark's zoning this parcel should support a new house of 3,225 square feet by right (larger with a special permit), with 24 feet in height. Current house is sited on highest point of the parcel. House is heated and air-conditioned with a heat pump. There are miles of crosstown walking trails at your doorstep from Ocean View Preserve to Fulling Mill, Peaked Hill and beyond. Lucy Vincent Beach is just 1.3 miles away. Please note: House is being sold ''as is''. . Buyer to honor tenant lease through September 30, 2023.

Last Agent to Sell the Property

Russell Maloney

Russel Maloney Real Estate License #448014360 Listed on: 06/20/2023

Last Buyer's Agent

Non Member

mv.unknownoffice License #0

Home Details

Home Type

  • Single Family

Est. Annual Taxes

  • $3,189

Year Built

  • Built in 1971

Lot Details

  • 1.9 Acre Lot
  • Ocean Front
  • Dirt Road
  • Property is zoned 3-3

HOA Fees

  • $50 Monthly HOA Fees

Home Design

  • Contemporary Architecture

Interior Spaces

  • 1,342 Sq Ft Home
  • 1-Story Property
  • 1 Fireplace
  • Wood Flooring
  • Ocean Views

Bedrooms and Bathrooms

  • 3 Bedrooms

Utilities

  • Cooling System Mounted In Outer Wall Opening
  • Heat Pump System
  • Well
  • Electric Water Heater
  • Cesspool

Community Details

  • Association fees include road maintenance

Listing and Financial Details

  • Assessor Parcel Number 251090

Home Details

Home Type

Single Family

Est. Annual Taxes

$3,189

Year Built

Built in 1971

Lot Details

0

HOA Fees

$50 per month

Listing Details

  • Property Type: Residential
  • Property Sub Type: Single Family Residence
  • Year Built: 1971
  • Lot Size Acres: 1.9
  • Road Surface Type: Dirt
  • Directions: Tenant in place, no drivebys. 24 hour notice required. Please call listing broker.
  • Architectural Style: Contemporary
  • Garage Yn: No
  • Year Built Details: Actual
  • Special Features: None

Interior Features

  • Appliances: Electric Water Heater, Water Heater
  • Total Bedrooms: 3
  • Full Bathrooms: 1
  • Half Bathrooms: 1
  • Fireplaces: 1
  • Fireplace: Yes
  • Flooring: Hardwood
  • Living Area: 1342
  • Stories: 1

Exterior Features

  • Pool Private: No
  • View: Ocean
  • View: Yes
  • Waterfront Features: Ocean Front
  • Waterfront: No
  • Foundation Details: Other

Utilities

  • Cooling: Fixed Wall System
  • Heating: Heat Pump
  • Sewer: Cesspool
  • Cooling Y N: Yes
  • Heating Yn: Yes
  • Water Source: Well

Condo/Co-op/Association

  • Association Fee: 600
  • Association Fee Frequency: Annually
  • Association: Yes

Fee Information

  • Association Fee Includes: Road Maintenance

Lot Info

  • Zoning: 3-3
  • Land Lease: No
  • Lot Size Sq Ft: 82764
  • Parcel #: 251090
  • ResoLotSizeUnits: Acres

Tax Info

  • Tax Year: 2023
  • Tax Annual Amount: 3189
  • Tax Book Number: 1548

Ownership History

Date Name Owned For Owner Type

Purchase Details

Closed on
Oct 26, 2020
Sold by
Pesch Barbara B
Bought by
Barbara B Pesch 2020 T B and Barbara Pesch
Total Days on Market
2
Current Estimated Value
$2,458,795
Source: Public Records

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Range of Values:

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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
Barbara B Pesch 2020 T B -- None Available
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Open Barbara B Pesch 2020 T $250,000
Previous Owner Pesch Barbara B $510,000
Previous Owner Pesch Barbara B $15,000
Source: Public Records

Property History

Date Event Price Change Sq Ft Price
08/02/2023 08/02/23 Sold $2,410,000 +33.9% $1,796 / Sq Ft
06/23/2023 06/23/23 Pending -- -- --
06/20/2023 06/20/23 For Sale $1,800,000 -- $1,341 / Sq Ft
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 $4,136 $1,838,400 $1,505,700 $332,700
2024 $3,545 $1,672,000 $1,468,800 $203,200
2023 $3,190 $1,212,900 $1,056,100 $156,800
2022 $3,359 $1,191,300 $1,056,100 $135,200
2021 $3,406 $1,170,500 $1,056,100 $114,400
2020 $3,287 $1,149,200 $1,035,400 $113,800
2019 $881 $1,139,000 $1,035,400 $103,600
2018 $3,132 $1,139,000 $1,035,400 $103,600
2017 $3,051 $1,138,500 $1,035,500 $103,000
2016 $3,080 $1,136,500 $1,035,500 $101,000
2015 $2,989 $1,136,500 $1,035,500 $101,000
2014 $2,530 $1,020,000 $901,500 $118,500
Source: Public Records

Agents Affiliated with this Home

  • Russell Maloney

    Seller's Agent in 2023

    Russell Maloney

    Russel Maloney Real Estate

    (774) 563-0633

    Section Image

  • N

    Buyer's Agent in 2023

    Non Member

    mv.unknownoffice

See All Agents

Map

Source: Martha's Vineyard MLS

MLS Number: 32300200

Martha

APN: CHIL-000025-000000-000109

Massachusetts Dukes County Chilmark 02535 Chilmark

5 Ocean View Farm Rd, Chilmark, MA

This home is located at 5 Ocean View Farm Rd, Chilmark, MA 02535 since 20 June 2023 and is currently estimated at $2,458,795, approximately $1,832 per square foot. This property was built in 1971. 5 Ocean View Farm Rd is a home located in Dukes County with nearby schools including Martha's Vineyard Regional High School.

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