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42 Franklin Terrace

42 Franklin Terrace, Vineyard Haven, MA 02568
Property in Tisbury
Sold Apr 29, 2016
$385,000
$580,000 by Martha Vineyard Saving Bank
Mortgage Due May 01, 2052
42 Franklin Terrace in Vineyard Haven, MA was first built in 1970 and is 54 years old. This has been categorized as a residential property type. For those interested in architecture, the building on the property was built in a ranch/rambler style. It is a single story home. There are a total of 5 rooms in the home, of which, 4 are bedrooms. In terms of bathrooms, there are a total of 2 full bathrooms. There are 2 partial bathrooms. 42 Franklin Terrace has 1,144 sqft of living area. This is typically the area of a building that is heated or air conditioned and does not include the garage, porch or basement square footage. In total, the area measurement of the land is 15,212 square feet.

Learn more about the property and building on this page. The home has a gable style roof made of asphalt. The condition of the building has been evaluated as average. The exterior walls of the home are made of wood siding. As for heating, the home is utilizing a radiant heating system and being fueled with oil. 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, 42 Franklin Terrace was last sold in Jan 1, 1970 for $385,000. According to our calculations, that's $336.54 per sqft. Current property owners are expected to pay $5,943 in taxes per year. The property on 42 Franklin Terrace was last assessed in 2024. As a result of that assessment, the total value of the property was placed at $744,700. To break that down further, the land itself was valued at $394,700. While improvements to the property were assessed at a total of $350,000. 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. Looking to take out a mortage loan? You may want to consider a conventional loan, which is considered one of the most common type of loans on the market. We'll cover the two different types of conventional loans (aka conforming and non-conforming), the pros and cons, and how they could benefit you compared to a FHA or specialty loan. Read more about conventional loans and how you can qualify for one.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: 1970
  • Effective Year Built: 1970
  • Building Count: 1
  • Total Rooms: 5
  • Bedroom Count: 4
  • Bathroom Count: 2
  • Full Bathrooms: 2
  • Partial Bathrooms: 2
  • Building Condition: Average
  • Building Style: Ranch/Rambler
  • Exterior Walls Type: Wood siding
  • Roof Shape Type: Gable
  • Roof Cover Type: Asphalt
  • Floor Count: 1
  • Living Units: 1
  • Basement Area: 0
  • Parking Space Count: 0

    Dimensions

  • Lot Size Square Feet: 15,212
  • Total Building Area: 1,144
  • Gross Building Area: 2,548
  • Building Area: 1,144
  • Building Area Measurement: Living Area

    Heating and Cooling

  • Air Conditioning: unknown
  • Heating: Radiant
  • Heated Square Feet: 1,144
  • Heating Fuel Type: Oil

    Utilities

  • Sewer System: unknown
  • Water Service: unknown

Building

  • Property Class: Residential
  • Land Acres: 0.349
  • Standard Land Use Code: Single family residential

Ownership

  • Current Owner : MERRIMAN TIMOTHY D
  • Current Owner 2: MERRIMAN NANCY E
  • Previous Owner : LEATHE 3RD HENRY H
  • Previous Owner 2: LEATHE PETER D

Neighborhood

  • School District Name: Tisbury School District
  • Census Tract: 200100

Geography

  • Parcel: TISB M:0026D B:00000 L:009.2
  • Lot: 9.2
  • Municipality: TISBURY
  • Latitude: 41.4604
  • Longitude: -70.6073

    Address

  • Full Address: 42 Franklin Ter
  • Address - House Number: 42
  • Address - Street Name: Franklin
  • Address - Suffix Type: Ter
  • State: MA
  • City Name: Vineyard Haven
  • Zip Code: 02568

Valuation

    Tax

  • Tax Year: 2024
  • Tax Amount: $5,943

    Appraisal Valuation

  • Standard Deviation: 0.3004
  • Valuation Date: Mar 06, 2024
  • Confidence Score: 62
  • Final Value: 1,044,121
  • High Value: 1,320,658
  • Low Value: 767,585

    Open Liens

  • Total Open Liens: 1
  • Total Open Liens Amount: $580,000
  • First Open Lien Mortgage Lender: MARTHA VINEYARD SAVING BANK
  • First Open Lien Mortgage Recording Date: Apr 11, 2022
  • First Open Lien Mortgage Loan Amount: $580,000
  • First Open Lien Mortgage Term: 360
  • First Open Lien Mortgage Position: 1
  • First Open Lien Mortgage Loan Type: Stand Alone Refi (Refinance of Original Loan)
  • First Open Lien Mortgage Loan Due Date: May 01, 2052

    Assessments Valuation

  • Assessed Year: 2024
  • Assessed Total Value: $744,700
  • Assessed Land Value: $394,700
  • Assessed Improvements Value: $350,000

    Sales

  • Current Sale Recording Date: Apr 29, 2016
  • Current Sale Transaction ID: 1534412844
  • Current Sale Price: $385,000
  • Current Sale Document Type: Quit Claim Deed (arm's length)
  • Current Sale Input Document Number: 2489

    Last Sale Mortgage

  • First Mortgage Lender: MARTHAS VINEYARD SB
  • First Mortgage Transaction Date: Apr 29, 2016
  • First Mortgage Loan Amount: $346,115
  • First Mortgage Terms: 360
  • First Mortgage Loan Type: New Conventional
  • First Mortgage Loan Due Date: Apr 29, 2046

About Vineyard Haven



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Nearby Rentals

Currently no nearby rentals

Frequently Asked Questions

What neighborhood is 42 Franklin Terrace located in?
The 42 Franklin Terrace is a located in the neighborhood of Tisbury in Vineyard Haven, Vineyard Haven.
What is the average sales price for listings in 42 Franklin Terrace?
The average sales price for units in 42 Franklin Terrace is $0 currently.

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