NOT LISTED FOR SALE

7 Pennacook Ave Oak Bluffs, MA 02557

Oak Bluffs Neighborhood

Estimated Value: $2,306,245 - $2,998,000

8 Beds
4.5 Baths
4,738 Sq Ft
$535/Sq Ft Est. Value

Last Sold November 13, 2020

Last sale price $1,510,000 $319 Per Sq Ft

Est. 68% increase in value since last sale

Current estimated payment $14,693/month

444 Days on Market

Highlights

  • Deck
  • Victorian Architecture
  • No HOA
  • Wood Flooring
  • Private Yard
  • 1-minute walk to Waban Park

About This Home

As of November 2020

In the coveted Copeland District, steps from beach and town: Dunmere-by-the-Sea, a soaring, three-story edifice was once an elegant hotel of Oak Bluffs' heyday as a swinging Victorian resort. For the past 40-plus years, this ''wedding cake'' with panaromic views of Nantucket Sound has served its owners well as a three-unit apartment building with vacation tenants from as near as Boston and as far as Budapest. Updates over the years have spared many elements of period charm. Each unit enjoys bright and spacious floor-through living, with open common areas, full kitchens and baths, two-plus bedrooms and water views. Continue the lucrative landlord tradition. Or create condos, subject to town permitting. Or transform the edifice into an amazing single-family domain.

Last Agent to Sell the Property

Shelley Christiansen

Landmarks Real Estate of Martha's Vineyard License #448010024 Listed on: 07/15/2019

Last Buyer's Agent

Fred Roven

Martha's Vineyard Buyer Agents License #448002509

Property Details

Home Type

  • Multi-Family

Est. Annual Taxes

  • $8,879

Year Built

  • Built in 1880

Lot Details

  • 6,534 Sq Ft Lot
  • Private Yard

Home Design

  • Victorian Architecture
  • Asphalt Roof
  • Clapboard

Interior Spaces

  • 4,738 Sq Ft Home
  • 3-Story Property
  • Wood Flooring
  • Property Views

Bedrooms and Bathrooms

  • 8 Bedrooms

Basement

  • Basement Fills Entire Space Under The House
  • Interior Basement Entry

Outdoor Features

  • Outdoor Shower
  • Deck
  • Porch

Utilities

  • No Cooling
  • No Heating
  • Electric Water Heater
  • Septic Tank

Community Details

  • No Home Owners Association

Listing and Financial Details

  • Assessor Parcel Number 10850

Property Details

Home Type

Multi-Family

Est. Annual Taxes

$8,879

Year Built

Built in 1880

Lot Details

0

Listing Details

  • Property Type: Residential Income
  • Property Sub Type: Multi Family
  • Year Built: 1880
  • Lot Size Acres: 0.15
  • Directions: From Circuit Avenue: Proceed up Pennacook almost all the way to Sea View Avenue. No. 7 is on the left, behind Isabelle's Beach House
  • Architectural Style: Victorian
  • Garage Yn: No
  • Year Built Details: Approximate
  • Special Features: None

Interior Features

  • Appliances: Electric Water Heater, Water Heater
  • Basement: Full, Interior Entry
  • Total Bedrooms: 8
  • Full Bathrooms: 4
  • Half Bathrooms: 1
  • Fireplace: No
  • Flooring: Wood
  • Living Area: 4738
  • Stories: 3

Exterior Features

  • Exterior Features: Private Yard, Outdoor Shower
  • Pool Features: None
  • Pool Private: No
  • View: Yes
  • Waterfront: No
  • Home Warranty: No
  • Construction Type: Clapboard
  • Patio And Porch Features: Deck, Porch
  • Roof: Asphalt

Utilities

  • Cooling: None
  • Heating: None
  • Sewer: Septic Tank
  • Cooling Y N: No
  • Heating Yn: No
  • Water Source: Town Water

Condo/Co-op/Association

  • Association: No

Lot Info

  • Zoning: R1
  • Lot Size Sq Ft: 6534
  • Parcel #: 10850
  • ResoLotSizeUnits: Acres

Tax Info

  • Tax Year: 2019
  • Tax Annual Amount: 8879
  • Tax Book Number: 347-463

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
Jul 15, 2019
Closed on
Nov 6, 2020
Sold by
Haney James E
Bought by
Vandyke Kahina
Seller's Agent
Shelley Christiansen
Landmarks Real Estate of Martha's Vineyard
Buyer's Agent
Fred Roven
Martha's Vineyard Buyer Agents
List Price
$1,870,000
Sold Price
$1,510,000
Premium/Discount to List
-$360,000
-19.25%
Current Estimated Value
$2,535,311

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$1,025,311
Avg. Annual Appreciation
11.46%
Original Mortgage
$1,132,500
Outstanding Balance
$1,019,194
Interest Rate
2.8%
Mortgage Type
Purchase Money Mortgage
Estimated Equity
$1,511,682

Purchase Details

Closed on
Jul 11, 1987
Bought by
Haney James E and Haney Anne
Source: Public Records

Range of Values:

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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
Vandyke Kahina $1,510,000 None Available
Haney James E $65,000 --
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Open Vandyke Kahina $1,132,500
Source: Public Records

Property History

Date Event Price Change Sq Ft Price
11/13/2020 11/13/20 Sold $1,510,000 -10.7% $319 / Sq Ft
10/01/2020 10/01/20 Pending -- -- --
03/09/2020 03/09/20 Price Changed $1,690,000 -5.6% $357 / Sq Ft
10/05/2019 10/05/19 Price Changed $1,790,000 -4.3% $378 / Sq Ft
07/15/2019 07/15/19 For Sale $1,870,000 -- $395 / 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 $10,544 $2,087,900 $1,173,000 $914,900
2024 $10,212 $1,952,500 $1,065,900 $886,600
2023 $9,868 $1,868,900 $1,035,700 $833,200
2022 $10,335 $1,522,100 $780,200 $741,900
2021 $9,415 $1,277,500 $665,000 $612,500
2020 $8,924 $1,199,500 $633,300 $566,200
2019 $8,880 $1,154,700 $581,000 $573,700
2018 $8,514 $1,087,400 $508,800 $578,600
2017 $8,366 $1,026,500 $510,700 $515,800
2016 $7,915 $976,000 $526,500 $449,500
2015 $7,525 $945,400 $526,500 $418,900
2014 $7,464 $955,700 $528,400 $427,300
Source: Public Records

Agents Affiliated with this Home

  • S

    Seller's Agent in 2020

    Shelley Christiansen

    Landmarks Real Estate of Martha's Vineyard

  • Fred Roven

    Buyer's Agent in 2020

    Fred Roven

    Martha's Vineyard Buyer Agents

    (508) 662-3205

    2 in this area

    3 Total Sales

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Map

Source: Martha's Vineyard MLS

MLS Number: 21805216

Martha

APN: OAKB-000010-000085

Massachusetts Dukes County Oak Bluffs Oak Bluffs

7 Pennacook Ave, Oak Bluffs, MA

This home is located at 7 Pennacook Ave, Oak Bluffs, MA 02557 since 15 July 2019 and is currently estimated at $2,535,311, approximately $535 per square foot. This property was built in 1880. 7 Pennacook Ave is a home located in Dukes County with nearby schools including Oak Bluffs Elementary School, Martha's Vineyard Regional High School, and Vineyard Montessori School.

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