NOT LISTED FOR SALE

5 S Gate Island Rd Otis, MA 01029

Estimated Value: $662,000 - $809,000

2 Beds
1 Bath
672 Sq Ft
$1,097/Sq Ft Est. Value

Last Sold January 11, 2022

Last sale price $644,300 $959 Per Sq Ft

Est. 14% increase in value since last sale

Current estimated payment $4,279/month

5 Days on Market

Highlights

  • Docks
  • Lake View
  • Deck
  • Access To Lake
  • Waterfront
  • Vaulted Ceiling

About This Home

As of January 2022

Otis Reservoir waterfront at it's finest. Have you ever dreamed of living on an island? Here is your chance; just drive over the bridge to your quaint, peaceful piece of paradise, & relax by the water. Charming Ranch Cabin with 2 bedroom house with open Living room, dining room and a lovely updated kitchen. There is a beautiful stone fireplace, lots of natural light throughout, wood floors, storage under the house and deck to relax with friends and family. SWIM, SAIL & FISH WITH WHOLE FAMILY!

Last Agent to Sell the Property

Craig Kahn

ALL SEASONS REALTY GROUP License #9518377 Listed on: 07/21/2021

Last Buyer's Agent

Suzanne Bergeron

COLDWELL BANKER REALTY License #125748

COLDWELL BANKER REALTY

Home Details

Home Type

  • Single Family

Est. Annual Taxes

  • $3,822

Year Built

  • 1948

Lot Details

  • 5,585 Sq Ft Lot
  • Waterfront
  • Landscaped

Property Views

  • Lake
  • Scenic Vista
  • Seasonal

Home Design

  • Cabin
  • Wood Frame Construction
  • Asphalt Shingled Roof
  • Fiberglass Roof
  • Aluminum Siding

Interior Spaces

  • 672 Sq Ft Home
  • Vaulted Ceiling
  • Fireplace
  • Wood Flooring
  • Unfinished Basement
  • Partial Basement
  • Range

Bedrooms and Bathrooms

  • 2 Bedrooms
  • Main Floor Bedroom
  • 1 Full Bathroom

Laundry

  • Dryer
  • Washer

Parking

  • No Garage
  • Off-Street Parking

Outdoor Features

  • Access To Lake
  • Docks
  • Deck
  • Exterior Lighting

Schools

  • Farmington River Elementary School
  • Choice Middle School
  • Choice High School

Utilities

  • Zoned Heating and Cooling
  • Well
  • Electric Water Heater
  • Private Sewer

Home Details

Home Type

Single Family

Est. Annual Taxes

$3,822

Year Built

1948

Lot Details

0

Listing Details

  • Property Type: Residential - Single Family
  • Property Type: Residential
  • Style: Cabin | Ranch
  • Accessibility: 1st Fl Bdrm | 1st Flr Full Bath
  • Construction: Wood Frame
  • Directions: RT 23 to West Shore Road to Tolland Road to Kibbe Road, right onto Gate Island Road
  • Marketing Headline: Otis Reservoir Waterfront
  • Views: Lake | Water | Scenic | Seasonal
  • Estimated Year Built: 1948
  • Right Of Way: Unk
  • Special Features: None
  • Property Sub Type: Detached
  • Year Built: 1948

Interior Features

  • Appliances Included: Dryer, Washer, Range, Refrigerator
  • Total Bedrooms: 2
  • Total Bathrooms: 1.00
  • Total Full Baths: 1
  • Basement: Partial, Unfinished
  • Interior Amenities: Fireplace (s) | Vaulted Ceilings
  • Floor: Wood
  • Sq Ft Liv Apx: 672.00
  • Stove Permit: Unk
  • Total Rooms: 4

Exterior Features

  • Exterior Amenities: Deck | Landscaped | Lighting | Dock
  • Roof: Asphalt Shingles | Fiberglass
  • Waterfront: Dock | Motorized Vehicles | Frontage on Water | Lake Access | Lake
  • Waterfront Lake Pond Name: Otis Reservoir
  • Exterior Siding: Aluminum

Garage/Parking

  • Parking Spaces Type: Off Street
  • Garage: None

Utilities

  • Electric Type: 200 Amp
  • Fuel: Electric
  • Hot Water: Electric
  • Sewer: Private
  • Underground Oil Tank: Unk
  • Water: Well
  • Flood Hazard Area: Unk
  • Heat Cool Vent: Electric | Multizone

Schools

  • Elementary School: Farmington River
  • Middle School: Choice
  • High School: Choice

Lot Info

  • Estimated Acres: 0.13
  • Total Assessed Value: 451200.00
  • Assessed Year: 2021.00
  • Lot Size Sq Ft: 5585.00
  • Map Ref: OTIS M:17-C L:22
  • Right To Farm Comm: No
  • Zoning: Residential
  • Lot Dimensions: 5585
  • Easement: Unk
  • Survey: Unk

Tax Info

  • Taxes: 3822.00
  • Tax Year: 2021

MLS Schools

  • Elementary School: Farmington River
  • High School: Choice
  • Middle School: Choice

Ownership History

Date Name Owned For Owner Type

Purchase Details

Closed on
Aug 29, 1997
Sold by
Morneau Robert F and Morneau Norman
Bought by
Judd Paul E and Pollard Julie
Current Estimated Value
$737,244

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$85,000
Outstanding Balance
$13,103
Interest Rate
7.41%
Mortgage Type
Purchase Money Mortgage
Estimated Equity
$724,141
Source: Public Records

Range of Values:

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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
Judd Paul E $130,000 --
Judd Paul E $130,000 --
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Open Judd Paul E $20,000
Open Judd Paul E $85,000
Closed Judd Paul E $85,000
Source: Public Records

Property History

Date Event Price List to Sale Price per Sq Ft
01/11/2022 01/11/22 Sold $644,300 +7.4% $959 / Sq Ft
07/26/2021 07/26/21 Pending -- -- --
07/21/2021 07/21/21 For Sale $599,900 -- $893 / Sq Ft
Source: Berkshire County Board of REALTORS®

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 $4,391 $679,700 $527,200 $152,500
2024 $4,020 $620,400 $454,500 $165,900
2023 $3,334 $503,600 $337,700 $165,900
2022 $3,524 $454,700 $325,600 $129,100
2021 $3,822 $451,200 $347,800 $103,400
2020 $3,747 $449,300 $347,800 $101,500
2019 $3,720 $449,300 $347,800 $101,500
2018 $3,682 $449,300 $347,800 $101,500
2017 $3,630 $449,300 $347,800 $101,500
2016 $3,527 $449,300 $347,800 $101,500
2015 $3,008 $399,500 $299,200 $100,300
Source: Public Records

Agents Affiliated with this Home

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Map

Source: Berkshire County Board of REALTORS®

MLS Number: 235120

Berkshire County Board of REALTORS®

APN: OTIS-000017C-000000-000022