$199,000
SOLD SEP 14, 2012

7 Pitch Pine Ln Oak Bluffs, MA 02557

Oak Bluffs Neighborhood
0.93 Acre
$213,978 Price per Acre
40,511 Sq Ft Lot

Recently Sold

23% Below List Price

141 Days on Market

About This Lot

As of May 2013

FULLY STAKED BOUNDS with "flags" make it easy to view the potential of this property. Established "Vineyard Hills" neighborhood. Close to Sailing Camp, Lagoon, and not far from town and beaches. Nearly one acre, lightly wooded, with a gentle slope, ideal for a walk-out basement or garage. The location, at the end of a cul-de-sac, allows for minimal traffic and maximum privacy. Build your ideal home or consider a modular in this prime location. No septic work has been done. Town water is available at street. Most homes in the area are 3-4 bedroom homes. Paved roads, maintained by Road Associaion. Frontage along paved road is about 179 ft. Well suited for maximum curb-appeal. See directions below. Please advise Listing Agent of any drive-bys or interested customers. Well priced below assessed value.

Last Agent to Sell the Property

Frank Markwica

Sandpiper Realty Listed on: 03/22/2012

Property Details

Property Type

  • Land

Est. Annual Taxes

  • $2,053

Lot Details

  • 0.93 Acre Lot
  • Property is zoned R3

Utilities

  • Septic Tank

Listing and Financial Details

  • Tax Lot 2.65
  • $272,700 per year additional tax assessments

Property Details

Property Type

Land

Est. Annual Taxes

$2,053

Lot Details

0

Listing Details

  • Property Sub Type: Unimproved Land
  • Property Type: Land
  • Co List Office Mls Id: 717
  • Special Features: None

Exterior Features

  • Pool Private: No

Utilities

  • Sewer: Septic Tank
  • Water Source: Town

Lot Info

  • Lot Size Sq Ft: 40511
  • Number Of Lots: 1
  • Land Lease Expiration Date: 2012-12-31
  • Zoning: R3

Tax Info

  • Tax Annual Amount: 2053
  • Tax Lot: 2.65
  • Tax Map Number: 28
  • Tax Other Annual Assessment Amount: 272700
  • Tax Year: 2012

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
Dec 11, 2012
Closed on
May 7, 2013
Sold by
Reagan Rt
Bought by
Delorenzo Peter and Delorenzo Jennifer
Seller's Agent
Michele Moore
Island Real Estate
Buyer's Agent
Nora Jardin
Island Real Estate
List Price
$695,000
Sold Price
$685,000
Premium/Discount to List
-$10,000
-1.44%
Current Estimated Value
$1,719,335

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$1,034,335
Avg. Annual Appreciation
7.75%
Original Mortgage
$200,000
Outstanding Balance
$143,254
Interest Rate
3.57%
Mortgage Type
New Conventional
Estimated Equity
$1,576,081

Purchase Details

Listed on
Mar 22, 2012
Closed on
Sep 14, 2012
Sold by
Pitch Pine Realty Llc
Bought by
Reagan Rt
Seller's Agent
Frank Markwica
Sandpiper Realty
List Price
$260,000
Sold Price
$199,000
Premium/Discount to List
-$61,000
-23.46%

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Avg. Annual Appreciation
589.94%

Purchase Details

Closed on
Jan 22, 2007
Sold by
Karafotias George
Bought by
Pitch Pine Realty Llc
Source: Public Records

Range of Values:

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Average Value
Not Available
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 Type Sale Price Title Company
Not Resolvable $685,000 --
Not Resolvable $199,000 --
Deed -- --
Source: Public Records

Mortgage History

Date Status Loan Amount Loan Type
Open $200,000 New Conventional
Closed $200,000 New Conventional
Source: Public Records

Property History

Date Event Price Change Sq Ft Price
05/07/2013 05/07/13 Sold $685,000 -1.4% $343 / Sq Ft
04/23/2013 04/23/13 Pending -- -- --
12/11/2012 12/11/12 For Sale $695,000 +249.2% $348 / Sq Ft
09/14/2012 09/14/12 Sold $199,000 -23.5% --
08/10/2012 08/10/12 Pending -- -- --
03/22/2012 03/22/12 For Sale $260,000 -- --
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 $7,462 $1,477,600 $623,400 $854,200
2024 $7,641 $1,460,900 $566,500 $894,400
2023 $7,387 $1,399,100 $504,600 $894,500
2022 $7,045 $1,037,500 $362,800 $674,700
2021 $6,607 $896,500 $341,900 $554,600
2020 $6,651 $893,900 $325,600 $568,300
2019 $6,900 $897,300 $339,300 $558,000
2018 $6,876 $878,200 $317,700 $560,500
2017 $6,249 $766,700 $301,100 $465,600
2016 $5,736 $707,300 $310,500 $396,800
2015 $5,223 $656,200 $289,000 $367,200
2014 $4,103 $525,300 $287,400 $237,900
Source: Public Records

Agents Affiliated with this Home

  • M

    Seller's Agent in 2013

    Michele Moore

    Island Real Estate

  • N

    Buyer's Agent in 2013

    Nora Jardin

    Island Real Estate

  • F

    Seller's Agent in 2012

    Frank Markwica

    Sandpiper Realty

See All Agents

Map

Source: LINK (Vineyard)

MLS Number: 22781

APN: OAKB-000028-000002-000065

Massachusetts Dukes County Oak Bluffs Oak Bluffs

7 Pitch Pine Ln, Oak Bluffs, MA

This home is located at 7 Pitch Pine Ln, Oak Bluffs, MA 02557 and is currently priced at $199,000. 7 Pitch Pine Ln is a home located in Dukes County with nearby schools including Oak Bluffs Elementary School and Martha's Vineyard Regional High School.

Disclaimer: Certain information contained herein is derived from information provided by parties other than Homes.com. All information provided is deemed reliable, but is not guaranteed to be accurate and should be independently verified.

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