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171 Otis Bassett Road

171 Otis Bassett Road, Vineyard Haven, MA 02568
Property in West Tisbury
Sold Apr 28, 2023
$1,795,000
$875,000 by Wells Fargo Bank Na
Mortgage Due Apr 28, 2053
Sold Oct 25, 2021
$1,600,000
$1,439,840 by Citizens Bank
Mortgage
171 Otis Bassett Road 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 1999 and is 25 years old. However, we must point out that the home was most recently renovated and altered in 2007. The home has a total of 11 rooms. 5 of these rooms are legally considered as bedrooms. Residents will have access to 2 full bathrooms. There are 3 partial bathrooms in the home. The building has a total of 2 stories. In addition, 171 Otis Bassett Road has 3,026 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 75,443 square feet. Fans of architecture and design would be interested in knowing that the building on the property was built in a colonial 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. Along the lines of building condition, did you know that weather changes can cause buildings to move? It may sound alarming, but thats why the type of control joints used in the construction of your home is extremely important. Architects often have to plan these out well in advance to ensure the longevity of the building. Therefore, as part of your consideration, you should note that the home was built with frame control joints. The building has a gable style roof made of asphalt. The exterior walls of the building are made of wood siding. In terms of heating, it is utilizing a hot water heating system and being fueled with oil. We've gathered and summarized the following transaction history in an effort to provide more transparency and up-to-date information for our users. According to our sources, 171 Otis Bassett Road sold most recently in Apr 28, 2023 for a total of $1,795,000. If you work out the math, that's approximately a cost of $593.19 per sqft. Before that, the property was also sold for $1,600,000 in Oct 25, 2021. There could be many factors that caused the property to sell at a higher price and increase in value. Tax-wise, the current owner is expected to pay close to $6,485 in taxes each year. 171 Otis Bassett Road was most recently assessed in 2024. During this assessment, the property's total value was estimated to be about $1,508,200. If we break it down further, the land itself was valued at $622,900. Improvements to the property, however, were assessed at a total of $885,300. The property's total assessed value has been marked as more than the total market value which is pretty atypical. Purchasing a home can require a lot of financial power in this day and age but not everyone has the savings to do so. As a result, many will get a mortgage loan to aid them in one of the most finance-intensive purchases of their lives. It's important when shopping for a mortgage to aim the best possible rate you can get. The lower your interest rate, the better as it can mean more money saved in the long run. In the following guide, we'll cover our best tips for how to get the best mortgage rate to your situation. Sadly, this property is not available for sale but we are constantly updating our inventory in real time. Sign up for a RealtyHop account and add this property to your favorites to get updates on when this property is back on the market. Or alternatively, you can check back frequently for updates.

This property description is generated based on publicly available data.

Building Info

Overview

    General

  • Year Built: 1999
  • Effective Year Built: 2007
  • Building Count: 1
  • Total Rooms: 11
  • Bedroom Count: 5
  • Bathroom Count: 3
  • Full Bathrooms: 2
  • Partial Bathrooms: 3
  • Building Condition: Good
  • Construction Type: Frame
  • Building Style: Colonial
  • 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: 75,443
  • Total Building Area: 3,026
  • Gross Building Area: 5,555
  • Building Area: 3,026
  • Building Area Measurement: Living Area

    Heating and Cooling

  • Air Conditioning: unknown
  • Heating: Hot water
  • Heated Square Feet: 3,026
  • Heating Fuel Type: Oil

    Utilities

  • Sewer System: unknown
  • Water Service: unknown

Building

  • Property Class: Residential
  • Land Acres: 1.732
  • Standard Land Use Code: Single family residential

Ownership

  • Current Owner : FAIRSTEIN MARC
  • Current Owner 2: FAIRSTEIN SUZANNE
  • Previous Owner : OAKS DEBRA A
  • Previous Owner 2: LEAF MARC A
  • Owner Before Previous Owner: ODEA-SOBEL MARY
  • Owner Before Previous Owner 2: SOBEL CARL A
  • Ownership Rights Codes: Tenants by Entirety

Neighborhood

  • School District Name: Martha's Vineyard School District
  • School Tax School District: MARTHA'S VNYRD
  • Census Tract: 200400

Zoning

  • Zoning: RU

Geography

  • Account Number: 1393
  • Parcel: WTIS M:00017 B:00042 L:00000
  • Block: 42
  • Municipality: WEST TISBURY
  • Latitude: 41.4117
  • Longitude: -70.6365

    Address

  • Full Address: 171 Otis Bassett Rd
  • Address - House Number: 171
  • Address - Street Name: Otis Bassett
  • Address - Suffix Type: Rd
  • State: MA
  • City Name: Vineyard Haven
  • Carrier Code: R001
  • 4-Digit Zip Code: 7514
  • Zip Code: 02568

Valuation

    Tax

  • Tax Year: 2024
  • Tax Amount: $6,485

    Appraisal Valuation

  • Standard Deviation: 0.2319
  • Valuation Date: Jan 17, 2024
  • Confidence Score: 67
  • Final Value: 1,907,788
  • High Value: 2,350,302
  • Low Value: 1,465,274

    Open Liens

  • Total Open Liens: 1
  • Total Open Liens Amount: $875,000
  • First Open Lien Mortgage Lender: WELLS FARGO BANK NA
  • First Open Lien Mortgage Recording Date: Apr 28, 2023
  • First Open Lien Mortgage Loan Amount: $875,000
  • 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: Apr 28, 2053

    Assessments Valuation

  • Assessed Year: 2024
  • Assessed Total Value: $1,508,200
  • Assessed Land Value: $622,900
  • Assessed Improvements Value: $885,300

    Sales

  • Current Sale Contract Date: Apr 28, 2023
  • Current Sale Recording Date: Apr 28, 2023
  • Current Sale Transaction ID: 11906101910
  • Current Sale Price: $1,795,000
  • Current Sale Document Type: Quit Claim Deed (arm's length)
  • Current Sale Input Document Number: 2089
  • Previous Sale Recording Date: Oct 25, 2021
  • Previous Sale Contract Date: Oct 25, 2021
  • Previous Sale Amount: $1,600,000
  • Previous Sale Document Type: Quit Claim Deed (arm's length)

    Last Sale Mortgage

  • First Mortgage Lender: WELLS FARGO BANK NA
  • First Mortgage Transaction Date: Apr 28, 2023
  • First Mortgage Loan Amount: $875,000
  • First Mortgage Terms: 360
  • First Mortgage Loan Type: Purchase Money Mortgage

    Previous Mortgages

  • Previous Mortgage Lender: CITIZENS BANK
  • Previous Mortgage Transaction Date: Oct 25, 2021
  • Previous Mortgage Loan Amount: $1,439,840
  • Previous Mortgage Term: 360
  • Previous Mortgage Loan Type: Purchase Money Mortgage

About Dukes



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Frequently Asked Questions

What neighborhood is 171 Otis Bassett Road located in?
The 171 Otis Bassett Road is a located in the neighborhood of West Tisbury in Dukes, Vineyard Haven.
What is the average sales price for listings in 171 Otis Bassett Road?
The average sales price for units in 171 Otis Bassett Road is $0 currently.

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