Updated Oct 28, 2024
Karp Acquires Martha's Vineyard SFR From Hidden House LLC - Sale Price: $9.5M
31 Edgartown Bay Road, Vineyard Haven, MA 02539, USA
$9,500,000
$2,604/SF
Building Size
3,648 SF
Asset Type
Single Family Residence
Closing
May 27, 2020
About this deal
AI
A single-family residential property situated at 31 Edgartown Bay Rd in Martha's Vineyard has been sold. The transaction was completed on 05/27/2021. The property spans across a land area of 2.79 acres. The sale price for the property was $9,500,000, slightly below the initial asking price of $10,000,000. The price per acre comes down to approximately $3,405,018.
Summary of transaction details
- Property Type: Single-Family Residential (SFR)
- Transaction Amount: $9,500,000
- Address: 31 Edgartown Bay Rd, Martha's Vineyard
- Market: Martha's Vineyard
The seller of this property is Hidden House LLC, whereas the buyer is Karp. The transaction was facilitated by Jarrett Hurwitz from an undisclosed agency.
Edgartown Single Family Residence Market Snapshot
Boundary boundary · Single Family Residence · Sale transactions
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Purchase Price
Annual NOI
Loan Amount
Interest Rate (%)
Loan Term (yrs)
Down Payment (%)
Cap Rate
1.67%
Cash-on-Cash
-0.48%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93