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Dukes
18 School Street
$945,000
● House - Off Market

18 School Street

Oak Bluffs, MA 02557
bedrooms
5 Beds
bathrooms
3 Baths
square feet
2,019 Ft²
$1,215,300
RealtyHop Estimate
31.38%
Since Jan 1, 2021
National-US
Primary Model

About This Property

Stately and elegant, this beautifully maintained and updated 1860s home sits on a quiet lane just moments away from Oak Bluffs' harbor, shops, restaurants, parks, and beaches. Entering the home, high ceilings, original details, grand proportions and abundant natural light immediately impress. The first level includes two bedrooms and two full baths along with open public spaces and enclosed porches both front and back. Upstairs are three additional bedrooms that share a bathroom. Throughout the home are gorgeous wood floors. Up to date heating and cooling systems provide modern comfort. Outdoors, mature landscaping and a one car detached garage complete this superb and rare offering.
Unit Size
2,019 Ft²
Days on Market
-
Land Size
0.62 acres
Price per sqft
$458
Property Type
House
Property Taxes
$428
HOA Dues
-
Year Built
1860

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Cap Rate Calculator

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Cap Rate 100% Occupancy
N/A (extreme outlier)

What does this mean?

Based on our analysis, the cap rate of this property is 1.25%. A negative cap rate indicates that the property might not be feasible as an income-producing asset. The median cap rate for a near zip code 11238 is 4.23%.

How much can I actually make?

Actual monthly rental income may vary between $4,760 and $7,140 depending on unit-specific characteristics. You can change the amount using the slider to further explore.

How is cap rate calculated?

Cap Rate = Net Operating Income (NOI) / Property Asset Value.

When calculating the cap rate, we assume 100% occupancy. Leverage (mortgage) is not considered.

Cap Rate provided by RealtyHop and RentHop, learn more about cap rate here.

Last updated: 5 years ago (MLSPIN #72715099)

Price History

Date / Event Date Event Price
Dec 10, 2020 Sold
Premium
Sold
Aug 25, 2020 Listed by Donnelly + Co. $925,000
Listed by Donnelly + Co.

Property Highlights

Air Conditioning
Garage

Building Info

Overview

    General

  • Year Built: 1860
  • Effective Year Built: 2003
  • Building Count: 1
  • Total Rooms: 7
  • Bedroom Count: 5
  • Bathroom Count: 3
  • Full Bathrooms: 3
  • Partial Bathrooms: 3
  • Building Condition: 3
  • Building Quality: 0
  • Construction Type: 0
  • Building Style: 16
  • Exterior Walls Type: 18
  • Interior Walls Type: 0
  • Roof Shape Type: 1
  • Roof Cover Type: 15
  • Floor Count: 200
  • Living Units: 1
  • Floor Cover: 0
  • Basement Type: 0
  • Basement Area: 0
  • Garage Type: 0
  • Parking Space Count: 0
  • Patio Type: 0
  • Porch Type: 0
  • Pool Type: 0

    Dimensions

  • Lot Size Square Feet: 5,663
  • Total Building Area: 2,019
  • Gross Building Area: 2,723
  • Building Area: 2,019
  • Building Area Measurement: L

    Heating and Cooling

  • Air Conditioning: 0
  • Heating: 8
  • Heated Square Feet: 2,019
  • Heating Fuel Type: 2

    Utilities

  • Sewer System: 0
  • Water Service: 0

Building

  • Building Type: 0
  • Property Class: R
  • Land Acres: 0000000130
  • Standard Land Use Code: 1001
  • County Land Use Code: 101

Neighborhood

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

Geography

  • Account Number: 1947
  • Parcel: OAKB M:0011 B:0341 L:000
  • Block: 341
  • Municipality: OAK BLUFFS
  • Latitude: 41.4549
  • Longitude: -70.5644

    Address

  • Full Address: 18 School St
  • Address - House Number: 18
  • Address - Street Name: School
  • Address - Suffix Type: St
  • State: MA
  • City Name: Oak Bluffs
  • Zip Code: 02557

Valuation

    Tax

  • Tax Year: 2024
  • Tax Amount: $650,100

    Appraisal Valuation

  • Standard Deviation: 0.3101
  • Valuation Date: Mar 06, 2024
  • Confidence Score: 41
  • Final Value: 1,545,244
  • High Value: 2,153,092
  • Low Value: 937,395

    Assessments Valuation

  • Assessed Year: 2024
  • Assessed Total Value: $1,243,100
  • Assessed Land Value: $464,600
  • Assessed Improvements Value: $778,500

    Sales

  • Current Sale Contract Date: Dec 01, 2020
  • Current Sale Recording Date: Dec 10, 2020
  • Current Sale Price:
    Premium
  • Current Sale Document Type: O
  • Current Sale Input Document Number: 8262
  • Previous Sale Recording Date: Mar 12, 2007
  • Previous Sale Document Type: 48
Data used for valuation calculations is provided by RealtyHop, and other third party sources
Request mortgage information redaction

Comparables

Unit
Status
Type
Beds
Baths
ft²
Price/ft²
Asking Price
Listed On
Closing Price
Sold On
HOA + Taxes

About Dukes

Stats & Trends

Median Asking:

$2,150,000

Sale Price/ft²

$1,038

Below Asking

0.01%

Average Days on Market

77

Average Home Size

3029 ft²

Average Home Age

47.8 years

Currently For Sale

92 Listings
Based on RH Advisors, Inc. calculations of home data from MLS and/or public records.

Similar Homes for Sale

Currently no similar homes around

Nearby Rentals

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Last Updated: 5 years ago
Data Source: MLS PIN, MLS# 72715099

Frequently Asked Questions

When was property at 18 School Street built and last sold?
The property at 18 School Street was built in 1860 and last sold on Dec 1, 2020 for $945,000.
How much is this home worth?
The estimated value of the home located at 18 School Street is $0.
What are some comparable homes to 18 School Street?
There are currently no comparable homes to 18 School Street.
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