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16 Madison Avenue

16 Madison Avenue, Vineyard Haven, MA 02568
Property in Oak Bluffs
Sold Aug 01, 2023
$1,700,000
$726,200 by Martha Vineyard Saving Bank
Mortgage Due Aug 01, 2053
Sold Oct 09, 2015
$935,000
$635,000 by Marthas Vineyard Sb
Mortgage Due Oct 09, 2023
16 Madison Avenue has been categorized by the local assessors in Vineyard Haven, MA as a residential type of property. The building on the property was first built in 1987 and is 37 years old. However, we must point out that the home was most recently renovated and altered in 2005. The home has a total of 6 rooms. 3 of these rooms are legally considered as bedrooms. Residents will have access to 2 full bathrooms. There are 2 partial bathrooms in the home. The building has a total of 2 stories. In addition, 16 Madison Avenue has 1,480 sqft of living area. The living area typically only takes into consideration the heated or air conditioned part of the building. The area measurement of the land has been determined as 9,583 square feet. Fans of architecture and design would be interested in knowing that the building on the property was built in a contemporary style.

Want to learn more? We've sourced additional information from the local assessor's office that we've shared on this page with you. Moving on to the building itself. The condition of the building has been evaluated as good. The building has a gable style roof made of asphalt. The exterior walls of the building are made of wood siding. The inside of the home is being cooled with air conditioning at the moment. In terms of heating, it is utilizing a hot water heating system and being fueled with gas. Here at RealtyHop, we've focused a lot of our efforts into gathering up-to-date and accurate data for our users. Based on our sources, 16 Madison Avenue was last sold in Aug 1, 2023 for $1,700,000. According to our calculations, that's $1,148.65 per sqft. Prior to that sales transaction, the property was sold for $935,000 in Jan 1, 1970. Current property owners are expected to pay $7,886 in taxes per year. The property on 16 Madison Avenue was last assessed in 2024. As a result of that assessment, the total value of the property was placed at $1,507,800. To break that down further, the land itself was valued at $787,600. While improvements to the property were assessed at a total of $720,200. Based on our records, the total assessed value for this property has been marked as more than the total market value as of this moment. Which is pretty atypical. As you can see, there are a lot of things to consider when purchasing a home. For example, have you evaluated your own Debt-To-Income ratio (DTI) and understood how this may impact the number of loan options you have access to? Don't worry, we'll cover the basics such as what a DTI ratio is, how to calculate yours, what most lenders consider to be an ideal ratio, and also provide our tips on how you can improve your score if it is on the higher side.This property is not listed for sale at this point in time but RealtyHop is constantly updating our inventory of available sales listings in real time. Don't want to miss out on this property? You can save the listing to your favorites by signing up for a RealtyHop account or you can check back frequently for updates.

This property description is generated based on publicly available data.

Building Info

Overview

    General

  • Year Built: 1987
  • Effective Year Built: 2005
  • Building Count: 1
  • Total Rooms: 6
  • Bedroom Count: 3
  • Bathroom Count: 2
  • Full Bathrooms: 2
  • Partial Bathrooms: 2
  • Building Condition: Good
  • Building Style: Contemporary
  • Exterior Walls Type: Wood siding
  • Roof Shape Type: Gable
  • Roof Cover Type: Asphalt
  • Floor Count: 2
  • Living Units: 1
  • Basement Area: 0
  • Parking Space Count: 0

    Dimensions

  • Lot Size Square Feet: 9,583
  • Total Building Area: 1,480
  • Gross Building Area: 2,952
  • Building Area: 1,480
  • Building Area Measurement: Living Area

    Heating and Cooling

  • Air Conditioning: Yes
  • Heating: Hot water
  • Heated Square Feet: 1,480
  • Heating Fuel Type: Gas

    Utilities

  • Sewer System: unknown
  • Water Service: unknown

Building

  • Property Class: Residential
  • Land Acres: 0.22
  • Standard Land Use Code: Single family residential

Ownership

  • Current Owner : 1ST VACATION HOME NT
  • Current Owner 2: COOGAN
  • Previous Owner : KAUFMAN DONALD E
  • Previous Owner 2: KAUFMAN VALERIE R
  • Owner Before Previous Owner: MACARTHUR 3RD WILLIAM O
  • Owner Before Previous Owner 2: MACARTHUR LISA F
  • Ownership Rights Codes: Revocable Trust
  • Current Owner Is a Corporation Indicator: Yes

Neighborhood

  • School District Name: Martha's Vineyard School District
  • Census Tract: 200200

Geography

  • Account Number: 431
  • Parcel: OAKB M:0004 B:0053 L:003
  • Block: 53
  • Lot: 3
  • Municipality: OAK BLUFFS
  • Latitude: 41.4647
  • Longitude: -70.569

    Address

  • Full Address: 16 Madison Ave
  • Address - House Number: 16
  • Address - Street Name: Madison
  • Address - Suffix Type: Ave
  • State: MA
  • City Name: Oak Bluffs
  • Zip Code: 02557

Valuation

    Tax

  • Tax Year: 2024
  • Tax Amount: $7,886

    Appraisal Valuation

  • Standard Deviation: 0.2728
  • Valuation Date: Mar 06, 2024
  • Confidence Score: 60
  • Final Value: 1,719,982
  • High Value: 2,189,169
  • Low Value: 1,250,796

    Open Liens

  • Total Open Liens: 2
  • Total Open Liens Amount: $1,360,000
  • First Open Lien Mortgage Lender: MARTHA VINEYARD SAVING BANK
  • First Open Lien Mortgage Recording Date: Aug 01, 2023
  • First Open Lien Mortgage Loan Amount: $726,200
  • First Open Lien Mortgage Term: 360
  • First Open Lien Mortgage Position: 1
  • First Open Lien Mortgage Loan Type: Purchase Money Mortgage
  • First Open Lien Mortgage Loan Due Date: Aug 01, 2053
  • Second Open Lien Mortgage Lender: MARTHA VINEYARD SAVING BANK
  • Second Open Lien Mortgage Recording Date: Aug 01, 2023
  • Second Open Lien Mortgage Loan Amount: $633,800
  • Second Open Lien Mortgage Term: 360
  • Second Open Lien Mortgage Position: 2
  • Second Open Lien Mortgage Loan Type: 2nd Mortgage made to cover Down Payment
  • Second Open Lien Mortgage Loan Due Date: Sep 01, 2053

    Assessments Valuation

  • Assessed Year: 2024
  • Assessed Total Value: $1,507,800
  • Assessed Land Value: $787,600
  • Assessed Improvements Value: $720,200

    Sales

  • Current Sale Contract Date: Aug 01, 2023
  • Current Sale Recording Date: Aug 01, 2023
  • Current Sale Transaction ID: 11910911730
  • Current Sale Price: $1,700,000
  • Current Sale Document Type: Quit Claim Deed (arm's length)
  • Current Sale Input Document Number: 3651
  • Previous Sale Recording Date: Oct 09, 2015
  • Previous Sale Amount: $935,000
  • Previous Sale Document Type: Quit Claim Deed (arm's length)

    Last Sale Mortgage

  • First Mortgage Lender: MARTHA VINEYARD SAVING BANK
  • First Mortgage Transaction Date: Aug 01, 2023
  • First Mortgage Loan Amount: $726,200
  • First Mortgage Terms: 360
  • First Mortgage Loan Type: Purchase Money Mortgage

    Previous Mortgages

  • Previous Mortgage Lender: MARTHAS VINEYARD SB
  • Previous Mortgage Transaction Date: Oct 09, 2015
  • Previous Mortgage Loan Amount: $635,000
  • Previous Mortgage Term: 95
  • Previous Mortgage Loan Type: Purchase Money Mortgage
  • Previous Mortgage Loan Due Date: Oct 09, 2023

About Dukes



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Frequently Asked Questions

What neighborhood is 16 Madison Avenue located in?
The 16 Madison Avenue is a located in the neighborhood of Oak Bluffs in Dukes, Vineyard Haven.
What is the average sales price for listings in 16 Madison Avenue?
The average sales price for units in 16 Madison Avenue is $0 currently.

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