5 & 7 Lyme Street, CentralOak Bluffs, MA 02557MLS Number 42129

  • Price: $1,650,000
  • Est. Mortgage of $/month
  • 37 Days on Market
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Federal 30-year interest rate: 6.89% last updated on Jul 11, 2024
* All Figures are estimates. Check with your bank or proposed mortgage company for actual interest rates.
This product uses the FRED® API but is not endorsed or certified by the Federal Reserve Bank of St. Louis.
  • 5Bedrooms
  • 3Bathrooms
  • 0.2699Acreage
  • 1960Year Built

Driving Directions

LOCATION, LOCATION, LOCATION! Did I say mini family compound?....situated on a quiet dead end road... 5 Lyme and 7 Lyme (considered the primary property) Primary for listing purposes only) adjacent to each other being offered as one large parcel encompassing three cottage style homes. Land area approximately 11,761 sq.ft. (includes 5 and 7 Lyme ). this property has so much potential as is with three current cottage tyle homes, multiple sheds and privacy. See second dwelling description for more details on 5 Lyme. which has two cottages. 7 Lyme has 2 bedrooms (3 bedroom Title 5 installed in 2016), and full bathroom with tile flooring, washer/dryer located in the bathroom, and hardwood flooring throughout the rest of the house. Kitchen/dining room includes a dishwasher, gas stove, and stone counters with lots of cabinets. From the kitchen through the rear entrance is a back deck, private yard, and storage sheds. Numerous plantings and a pergola flank the east side of the home with a hedge row for privacy and bordering the huge garden with flowers and vegetables. So much potential! All this is walking distance to Lagoon Pond and Eastville Beaches, MV Hospital, and bike paths around the corner that will lead you to shopping, restaurants, and ferries in Vineyard Haven. This property is situated equi-distant between Vineyard Haven and Oak Bluffs. Total room count, bedrooms, taxes, assessments include both properties. Taxes on 5 Lyme are $4668 & $4071 on 7. Owner occupied and tenant in back cottage, 24 hour notice for showings. Pre qualification letter and or proof of funds should be submitted with offers. Seller has engaged an engineer for a septic upgrade. Currently 7 Lyme which is a 2 bedroom cottage has a 3 bedroom Title 5 system which has passed inspection. 5 Lyme has a failed cesspool. An upgrade is being designed to the current Title 5 system to accommodate all bedrooms, seller is covering the design costs and installation of an upgrade to the existing title 5 system.This could be in the form of a credit, negotiated price,or money held in escrow at closing, whatever works best for all parties.
Listed by Ocean Park Realty Inc

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More Info

Location Information

  • NeighborhoodCentral

Parking

  • Parking Features yes offstreet parking 2-3 cars

Rooms

  • Bathroom3
  • Bedrooms5
  • Full Bath3
  • Main Level Bedrooms 1

Location

  • Address5 & 7 Lyme Street
  • Building Number5 & 7
  • StateMA
  • StreetLyme Street
  • TownOak Bluffs
  • Zip02557

Interior

  • Floors1
  • Furnished Unfurnished

Property Information

  • Lot Size Square Feet 11,761
  • Square Feet1,999
  • Year Built Effective2016

Basic Information

  • BasementYNYes
  • Building Area UnitsSquare Feet
  • Date Price Change2024-07-04T09:03:45
  • Lot Features small yard
  • Mls Status Active Under Contract
  • Original List Price$1,825,000
  • Total Assessment$1,628,200

Building

  • Basement#7 has a dry Block foundation in rear of house and crawl space toward the front half.where mechanicals can be found. cottage on a cement slab
  • Foundationblock
  • Listing OdsDeck
  • Rooms13
  • Second DwellingExisting
  • Utilities Cable
  • Year Built1960

Amenities

  • Appliances IncludedStove: yes, all 3 cottages have gas stoves, Washer: yes

Tax Information

  • Tax Annual Amount $8,740
  • Tax Assessed Value $529,400
  • Tax Other Annual Assessment Amount $1,098,800
  • Tax Year 2024

Basic Information

  • List Price$1,650,000
  • MLS Number42129
  • Modification Date07/08/2024
  • Property SubTypeSingle Family Residence
  • Usm Property Type 1 Family

Property

  • Acreage0.2699
  • Other Structures 2 Sheds

Exterior

  • Exterior Features Deck

Utilities

  • Heating Radiant
  • Sewer Septic Tank
  • Water Source Town

Other

  • Date Listed06/12/2024
  • Listing AgreementE
  • Other CommentsTemahigan Ave to Lyme st. 7 & 5 on the left before the deadend. Look for Ocean Park sign
  • View Count9
Hancock Real Estate
Hancock Real Estate
Office: 508-645-2544
PO Box 460
Chilmark, MA 02535

Based on information submitted to LINKMV as of July 18, 2024 . All data is obtained from various sources and has not been, and will not be, verified by broker or LINKMV.  All information should be independently reviewed and verified for accuracy.  Properties may or may not be listed by the office/agent presenting the information. NOTICE: Many homes contain recording devices, and buyers should be aware they may be recorded during a showing.

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