NOT LISTED FOR SALE

Estimated Value: $745,209 - $958,000

2 Beds
1 Bath
576 Sq Ft
$1,502/Sq Ft Est. Value

Last Sold February 28, 2020

Last sale price $425,000 $738 Per Sq Ft

Est. 104% increase in value since last sale

Current estimated payment $4,845/month

75 Days on Market

About This Home

As of February 2020

Introductory price of $515,000!! Two contiguous lots, with frontage on three roads, form a partially wooded parcel with many possibilities. The existing two bedroom house sits centered on the property. Just 1.8 Miles to Main Street, Edgartown, it is an easy 1/4 mile walk down 21st Street to Sengekontacket Pond for swimming, kite surfing, kayaking, sailing, fishing-- and even clamming! Access the open ocean under the bridge from the pond. Perfectly situated on the #1 bus route with bus stops only feet from the property, it is just a few blocks to State Beach and three minutes to the Triangle. Island enthusiasts will love the location! This combined .38 acre parcel is currently on a 2 BR septic, but could support three bedrooms with a Town approved enhanced 3 BR system. R20 zoning also allows for the possibility of both a house and guest house with permit. A wonderful place to create your own retreat in Edgartown. The property is being sold as is at this time. As improvements are made to the property by the current owner, the price may be expected to increase. Call for further details.

Last Agent to Sell the Property

Leslie C. Floyd

Portfolio Real Estate, Inc. Listed on: 09/06/2019

Last Buyer's Agent

Vera Thornton

Vera Thornton MV INC

Home Details

Home Type

  • Single Family

Est. Annual Taxes

  • $1,305

Year Built

  • 1981

Lot Details

  • 0.38 Acre Lot
  • Property is zoned R20

Interior Spaces

  • 576 Sq Ft Home
  • Crawl Space

Bedrooms and Bathrooms

  • 2 Bedrooms
  • 1 Full Bathroom

Utilities

  • Septic Tank

Listing and Financial Details

  • Tax Lot 56.2
  • $226,800 per year additional tax assessments

Home Details

Home Type

Single Family

Est. Annual Taxes

$1,305

Year Built

1981

Lot Details

0

Listing Details

  • Property Sub Type: Single Family Residence
  • Property Type: Residential
  • Co List Office Mls Id: 811
  • Special Features: None
  • Year Built: 1981

Interior Features

  • Appliances: Washer: Hookup
  • Has Basement: Crawlspace
  • Full Bathrooms: 1
  • Total Bedrooms: 2
  • Fireplace Features: 0
  • Interior Amenities: Ins,OSh, Floor 1: Open Living and Kitchen Area with a slider out to the Deck. Two bedrooms and a full bath.
  • Main Level Bedrooms: 2
  • Total Bedrooms: 3

Exterior Features

  • Pool Private: No
  • Foundation Details: Pouted concrete

Utilities

  • Sewer: Septic Tank
  • Utilities: None
  • Water Source: Town

Lot Info

  • Lot Size Sq Ft: 16552
  • Land Lease Expiration Date: 2020-02-04
  • Zoning: R20

Multi Family

  • Number Of Units Furnished: Unfurnished

Tax Info

  • Tax Annual Amount: 1305
  • Tax Lot: 56.2
  • Tax Map Number: 12B
  • Tax Other Annual Assessment Amount: 226800
  • Tax Year: 2019

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
Sep 6, 2019
Closed on
Feb 25, 2020
Sold by
National Homebuyers Llc
Bought by
Ribeiro Carlos and Ribeiro Valtriza
Seller's Agent
Leslie C. Floyd
Portfolio Real Estate, Inc.
Buyer's Agent
Vera Thornton
Vera Thornton MV INC
List Price
$515,000
Sold Price
$425,000
Premium/Discount to List
-$90,000
-17.48%
Current Estimated Value
$865,052

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$440,052
Avg. Annual Appreciation
14.71%
Original Mortgage
$100,000
Outstanding Balance
$89,480
Interest Rate
3.6%
Mortgage Type
New Conventional
Estimated Equity
$812,255

Purchase Details

Closed on
Jul 26, 2019
Sold by
Citimortgage Inc
Bought by
National Homebuyers Llc

Purchase Details

Closed on
Sep 28, 2018
Sold by
Lotz Nancy E
Bought by
Citimortgage Inc

Purchase Details

Closed on
Jun 11, 2007
Sold by
Est Hazelton Timothy J and Mcquillan Martin Conser
Bought by
Lotz Nancy E

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
6.17%
Mortgage Type
Purchase Money Mortgage

Purchase Details

Closed on
Oct 15, 2004
Sold by
Hazelton Laurie
Bought by
Hazelton Timothy J
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 Buyer Sale Price Title Company
Ribeiro Carlos $425,000 None Available
National Homebuyers Llc $150,000 --
Citimortgage Inc $355,537 --
Lotz Nancy E $300,000 --
Hazelton Timothy J -- --
Citimortgage Inc $355,537 --
Lotz Nancy E $300,000 --
Hazelton Timothy J -- --
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Open Ribeiro Carlos $100,000
Previous Owner Hazelton Timothy J $266,000
Previous Owner Lotz Nancy E $270,000
Source: Public Records

Property History

Date Event Price Change Sq Ft Price
02/28/2020 02/28/20 Sold $425,000 -17.5% $738 / Sq Ft
11/20/2019 11/20/19 Pending -- -- --
09/06/2019 09/06/19 For Sale $515,000 -- $894 / 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 $1,573 $593,400 $305,600 $287,800
2024 $1,474 $578,200 $305,600 $272,600
2023 $1,241 $492,300 $277,200 $215,100
2022 $1,241 $409,500 $263,300 $146,200
2021 $1,291 $393,600 $239,400 $154,200
2020 $1,171 $349,600 $239,400 $110,200
2019 $1,304 $337,000 $226,800 $110,200
2018 $1,121 $289,400 $219,600 $69,800
2017 $1,077 $303,500 $244,000 $59,500
2016 $992 $273,900 $219,600 $54,300
2015 $843 $242,800 $196,200 $46,600
Source: Public Records

Agents Affiliated with this Home

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Map

Source: LINK (Vineyard)

MLS Number: 35830

APN: EDGA-000012B-000056-000002