47 East Chop Drive

Oak Bluffs, MA 02557

$11,000,000
Price
7
Beds
6
Baths
3,888 Sq. Ft.
$2,829 / Sq. Ft.
3,888
Sq. Ft.
$2,829
per Sq. Ft.

Description

East Chop waterfront – Once in a lifetime, a property of this caliber becomes available, with an on-the-water East Chop location, a wide range of amenities, and multi-functional use! Uses include -- 1.) Currently operated as East Chop Harborfront Apartments, a pre-existing non-conforming use for the past 70+ years, 2.) Use it as a residential home or family compound, or live in a portion and rent a portion, 3.) Potential to convert to condominiums, paperwork presently in process but would be a buyers...East Chop waterfront – Once in a lifetime, a property of this caliber becomes available, with an on-the-water East Chop location, a wide range of amenities, and multi-functional use! Uses include -- 1.) Currently operated as East Chop Harborfront Apartments, a pre-existing non-conforming use for the past 70+ years, 2.) Use it as a residential home or family compound, or live in a portion and rent a portion, 3.) Potential to convert to condominiums, paperwork presently in process but would be a buyers choice. Located directly on the harbor, this property features outstanding water views of the harbor and sound beyond and is just steps from the tennis club, beaches, ferries to the mainland and downtown. In pristine condition, this 6-unit property includes a 106 ft dock with water/electric for 8 slips and a 40’ T at the end for a 9th boat. Parking for 6-7 vehicles at street in front. Built in 1952, the property has had extensive top to bottom renovations including new wiring, plumbing, insulation, heating/AC, and dredged dockage. Features include high end finishing in all units, as well as beautifully landscaped grounds. The first floor consists of three 1-bedroom units, each with new kitchen, living and dining areas and private covered front porches over-looking the water. The second floor consists of two 2-bedroom units each with kitchen, living and dining areas as well as private covered front porches. A separate detached year-round cottage apt unit with Murphy bed, kitchen, full bathroom and washer/dryer can serve as a rental unit or as live in office for a property manager/caretaker and, has an additional loft area with double bed for kids. Each apartment has electric baseboard heat plus mini-split heat/AC. Generator. Private outdoor shower with dressing area. On town sewer.
  1. Listed by Perry Patterson • MV Luxury Homes

Property Details for 47 East Chop Drive

Zoning
R2
View
Hbr, Ocean

Location

Listing Courtesy of MV Luxury Homes, Perry Patterson
Add your commute
LISTING UPDATED: 04/26/2024 06:13 PM

Property Details for 47 East Chop Drive

StatusActive
MLS #40789
Days on Market347
Taxes$23,114 / year
HOA Fees-
Condo/Co-op Fees-
Compass TypeSingle Family
MLS Type1 Family / Single Family Residence
Year Built1952
Lot Size0.29 AC / 12,632 SF
CountyDukes County

Location

Listing Courtesy of MV Luxury Homes, Perry Patterson
Add your commute

Building Information for 47 East Chop Drive

Stories-Year Built1952Building Size-Lot Size0.29 AC / 12,632 SF

Payment Calculator

$61,958 per month

30 year fixed, 7.25% Interest

Principal and Interest

$60,032

Property Taxes

$1,926

HOA Dues

$0

The Payment Calculator is for illustrative purposes only.

Property Information for 47 East Chop Drive

Summary
Location and General Information
  • Latitude: 41.46121
  • Longitude: -70.561051
  • Listing ods: WViews, Deck, C/Tennis, PubBch, Garden, Porch
Taxes and HOA Information
  • Tax Assessed Value: $1,561,600.00
  • Tax Lot: 1
  • Tax Map Number: 3
  • Tax Other Annual Assessment Amount: $2,816,100.00
  • Tax Year: 2023
Parking
  • Parking Features: Parking at street for 6-7 cars
Property
Lot Information
  • Lot Features: Professionally landscaped and maintained, 260' waterfront/stone seawall
  • Property Type: 1 Family
Property and Assessments
  • Photos Count: 28
  • Approval Status: -1
  • Reviewed: Yes
  • Year Built Effective: 2018
Utilities
  • Sewer: Twn
  • Utilities: Cbl
  • Water Source: Town
Interior and Exterior Features
Exterior Features
  • Exterior Features: WViews, Deck, C/Tennis, PubBch, Garden, Porch
Interior Features
  • Main Level Bedrooms: 3
  • Other Structures: 1.) Dock 106' with 8 slips for boats up to 35' +/- and a 40" T at end, dredged to 5' at low mean water. Dock licensed with recorded maintenance permit. 2.) 260' stone seawall runs the length of the property.
  • Rooms Total: 20
  • Appliances: Stove: Yes, in all apts, Washer: Laundry service available
  • Fireplace Features: 1
  • Fireplace: No
  • Flooring: Mix of wood and tile
  • Foundation Details: Crawlspace under main house; concrete slab under detached apt
  • Furnished: Unfurnished
  • Heating: Electric
  • Interior Features: Ins,Irr,MiniSplit,OSh, Floor 1: Contains three 1-bedroom units: Unit #1 -- "Oak Bluffs", 1-BR; Unit 2 -- "Cottage City", 1-BR; Unit 5 -- "Captain's Quarters, 1-BR., Floor 2: Contains two 2-bedroom units: Unit #3 "Highlands" 2-BR; Unit #4 -- "Tivoli" 2-BR., Floor 3: None. Attic runs length of main house with large storage area w/electricity.

Property History for 47 East Chop Drive

DateEvent & SourcePriceAppreciation
DateEvent & SourcePrice

For completeness, Compass often displays two records for one sale: the MLS record and the public record.

Public Records for 47 East Chop Drive

Taxable ValueLand$2,898,200Additions$1,597,600Total$4,495,800
Tax Record2024$23,513 ($1,959 / month)
Home Facts
Total Finished SqFt3,540 SqFtAbove Grade Finished SqFt3,540 SqFtStories2Lot Size12,632 SqFtStyleMulti-Family Dwelling (2-4)Year Built1952Year Renovated2001CountyDUKESAPNOAKB M:0003 B:0001 L:000

Schools near 47 East Chop Drive

This home is within Oak Bluffs School District.
Rating
School
Type
Grades
Distance
Public - PK to 8
Public - 9 to 12
Private - PK to 7
Rating
School
Distance
Oak Bluffs Elementary School
PublicPK to 8

Marthas Vineyard Regional High School
Public9 to 12

Vineyard Montessori School
PrivatePK to 7

School ratings and boundaries are provided by GreatSchools.org and Pitney Bowes. This information should only be used as a reference. Proximity or boundaries shown here are not a guarantee of enrollment. Please reach out to schools directly to verify all information and enrollment eligibility.

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47 East Chop Drive is a single family home for sale in Oak Bluffs, MA 02557. This property was listed for sale on May 15, 2023 by MV Luxury Homes, it's currently listed at $11,000,000. It has been on the market for a total of 347 days and was last sold on December 28, 2012. This listing's school districts are Oak Bluffs School District, Marthas Vineyard School District. Nearby schools include Oak Bluffs Elementary School, Marthas Vineyard Regional High School and Vineyard Montessori School. 47 East Chop Drive is a 7-bed, 6-bath, 3,888 sqft single family home built in 1952.

No guarantee, warranty or representation of any kind is made regarding the completeness or accuracy of descriptions or measurements (including square footage measurements and property condition), such should be independently verified, and Compass expressly disclaims any liability in connection therewith. Photos may be virtually staged or digitally enhanced and may not reflect actual property conditions. No financial or legal advice provided. Equal Housing Opportunity. Subject to change at any time. Compass makes no guarantee, warranty or representation regarding the accuracy of any waterfront feature, water view or waterfront view.

Listing Courtesy of MV Luxury Homes, Perry Patterson

The property listing data and information, or the images, set forth herein were provided to MLS Property Information Network, Inc., Martha's Vineyard MLS, CCIMLS, Link MLS, and Berkshire County Board of REALTORS from third party sources, including sellers, lessors and public records, and were compiled by MLS Property Information Network, Inc., Martha's Vineyard MLS, CCIMLS, Link MLS, and Berkshire County Board of REALTORS. The property listing data and information, and the images, are for the personal, non-commercial use of consumers having a good faith interest in purchasing or leasing listed properties of the type displayed to them and may not be used for any purpose other than to identify prospective properties which such consumers may have a good faith interest in purchasing or leasing. MLS Property Information Network, Inc., Martha's Vineyard MLS, CCIMLS, Link MLS, and Berkshire County Board of REALTORS and its subscribers disclaim any and all representations and warranties as to the accuracy of the property listing data and information, or as to the accuracy of any of the images, set forth herein.