NOT LISTED FOR SALE

Estimated Value: $2,177,000 - $2,804,000

4 Beds
2.5 Baths
2,119 Sq Ft
$1,151/Sq Ft Est. Value

Last Sold March 23, 2012

Last sale price $575,000 $271 Per Sq Ft

Est. 324% increase in value since last sale

Current estimated payment $14,158/month

680 Days on Market

Highlights

  • 2.52 Acre Lot
  • Pasture Views
  • Deck

About This Home

As of March 2012

An opportunity to own at Pilot Hill Farm Association, which offers walking trails, through 75 acres of open space, meandering through the farm and fields and on down to the private beach. This 2.52 acre site is abutted by some of this greenbelt , awarding good privacy from other houses. The 3-story main house is a modern passive solar design with an open great room and 4 bedrooms. The 36' x 24' contemporary barn building has been used over the years as an artist studio, and features a finished interior with 2 lofts, a bathroom, and lots of white walls on which to hang art. Please note that the main house does need to be renovated.

Last Agent to Sell the Property

Robert Kendall

Kendall & Kendall Listed on: 03/16/2010

Last Buyer's Agent

Karen Brown

Martha's Vineyard Vacation Rentals

Home Details

Home Type

  • Single Family

Est. Annual Taxes

  • $5,872

Year Built

  • Built in 1979 | Remodeled in 1994

Lot Details

  • 2.52 Acre Lot
  • Property is zoned R3

Interior Spaces

  • 2,119 Sq Ft Home
  • Pasture Views
  • Stove
  • Washer

Bedrooms and Bathrooms

  • 4 Bedrooms

Outdoor Features

  • Deck

Utilities

  • Well
  • Septic Tank
  • Cable TV Available

Community Details

  • Association fees include pilot hill farm dues

Listing and Financial Details

  • Tax Lot 1
  • $537,900 per year additional tax assessments

Home Details

Home Type

Single Family

Est. Annual Taxes

$5,872

Year Built

Built in 1979 | Remodeled in 1994

Lot Details

0

Listing Details

  • Property Sub Type: Single Family Residence
  • Property Type: Residential
  • Frontage: None
  • Lot Features: Yes
  • LotSizeAcres: 2.52
  • View: None, Pasture
  • Association Fees: 1000
  • Association Fee Inclusions: Pilot Hill Farm Association Dues
  • Co List Office Mls Id: 762
  • Building Area Total: 2119
  • Has Fireplace?: No
  • Effective Year Built: 1994
  • Year Built: 1979
  • reviewed: Yes
  • Special Features: None
  • Year Built: 1979
  • Year Renovated: 1994

Interior Features

  • Appliances: Stove: Yes, Washer: Yes
  • Full Bathrooms: 2
  • Half Bathrooms: 1
  • Total Bedrooms: 4
  • Flooring: 3
  • Interior Amenities: Ins,OSh,WdStove, Floor 1: On the first level is the great room with a woodstove, kitchen and sun room, bedroom and en suite bathroom, laundry and powder room., Floor 2: From the great room of the first floor a spiral staircase takes you to the second floor with 2 bedrooms, loft hallway, and full bathroom., Floor 3: A staircase off the second floor leads to a third level with a small bedroom and en suite powder room, and a loft hallway.

Exterior Features

  • Pool Private: No
  • Exterior Features: Deck, AscBch, DdBch, Cov
  • Other Structures: The Contemporary Barn building (ca. 1676 sf) is finished inside with white drywall, a cathedral ceiling, 2 open lofts, and a bathroom.  A wonderful studio space for an artist.

Garage/Parking

  • Parking Features: Yes

Utilities

  • Heating: Other
  • Sewer: Septic Tank
  • Utilities: Cbl
  • Water Source: Well

Lot Info

  • Zoning: R3

Multi Family

  • Number Of Units Furnished: Unfurnished

Tax Info

  • Tax Annual Amount: 5872
  • Tax Lot: 1
  • Tax Map Number: 62C
  • Tax Other Annual Assessment Amount: 537900
  • Tax Year: 2010

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
Mar 16, 2010
Closed on
Mar 23, 2012
Sold by
Dark Side Rt
Bought by
Rooney John F and Ungerleider Susan C
Seller's Agent
Robert Kendall
Kendall & Kendall
Buyer's Agent
Karen Brown
Martha's Vineyard Vacation Rentals
List Price
$995,000
Sold Price
$575,000
Premium/Discount to List
-$420,000
-42.21%
Current Estimated Value
$2,439,804

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$1,864,804
Avg. Annual Appreciation
11.13%
Original Mortgage
$373,750
Outstanding Balance
$258,327
Interest Rate
4%
Mortgage Type
Adjustable Rate Mortgage/ARM
Estimated Equity
$2,181,477

Purchase Details

Closed on
May 12, 1997
Sold by
Garrett Milton and Garrett Cheryl J
Bought by
Dark Side Rt and Deighton Diane C

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$270,000
Interest Rate
7.88%
Mortgage Type
Purchase Money Mortgage

Purchase Details

Closed on
Mar 23, 1993
Sold by
Edgartown National Bk
Bought by
Garrett Milton and Garrett Cheryl J
Source: Public Records

Range of Values:

--
Value Increase
--
Percent Increase
--
Adjusted for Inflation
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Average Value
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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
Rooney John F $575,000 --
Dark Side Rt $385,000 --
Garrett Milton $240,000 --
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Open Garrett Milton $373,750
Previous Owner Garrett Milton $270,000
Source: Public Records

Property History

Date Event Price List to Sale Price per Sq Ft
03/23/2012 03/23/12 Sold $575,000 -42.2% $271 / Sq Ft
01/25/2012 01/25/12 Pending -- -- --
03/16/2010 03/16/10 For Sale $995,000 -- $470 / 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 $16,345 $2,159,200 $979,600 $1,179,600
2024 $16,428 $2,058,600 $851,100 $1,207,500
2023 $15,223 $2,079,600 $832,100 $1,247,500
2022 $13,027 $1,497,300 $449,600 $1,047,700
2021 $13,052 $1,423,300 $449,600 $973,700
2020 $12,125 $1,299,600 $449,600 $850,000
2019 $10,328 $1,126,300 $449,600 $676,700
2018 $9,366 $991,100 $449,600 $541,500
2017 $8,329 $914,300 $553,800 $360,500
2016 $8,180 $893,000 $554,100 $338,900
2015 $7,962 $892,600 $554,100 $338,500
Source: Public Records

Agents Affiliated with this Home

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Map

Source: LINK (Vineyard)

MLS Number: 19447

APN: TISB-000062C-000000-000001