Land Bank Revenues Mirror Growth in Real Estate Market

Buoyed by a rising real estate market, the Martha’s Vineyard Land Bank is on track to end the year on a high note for revenues.

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As Economy Improves, Year-Round Rentals Grow More Scarce

Using social media, a group of people are working to shed light on the Vineyard shuffle, the annual problem they say is afflicting the community even more severely this year.

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41 West Farm Road, West Tisbury

Carlos Gomes Teles Filho and Sybil J. Filho purchased 41 West Farm Road in West Tisbury from Jordan P. Krasnow and Jean H. Krasnow, trustees of Grey Realty Trust, for $562,500 on Sept. 6.

Beds/Baths:  3/2.5

Square Footage:  2,083

Acreage:  .67

Year Built:  1995

Asking Price:  $595,000

Assessed Value:   $569,100

Residential/Land/Commercial:  Residential

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578 Main Street, Tisbury

Allan Rogers and Joy Lynn Rogers purchased 578 Main street in Tisbury from Lorraine B. Kornek for $345,000 on Sept. 5.

Beds/Baths:  2/2

Square Footage:  1,100

Acreage:  .16

Year Built:  1968

Asking Price:  $489,000

Assessed Value:   $473,100

Residential/Land/Commercial:  Residential

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91 Holly Tree Lane, Tisbury

Richard Solch and Suzanne Solch purchased 91 Holly Tree Lane in Tisbury from Robert F. Cimeno Jr., Kathleen A. Cimeno and Kathleen A. Stacy for $700,000 on Sept. 4. 

Beds/Baths:  3/2.5

Square Footage:  2,170

Acreage:  .47

Year Built:  1996

Asking Price:  $740,000

Assessed Value:   $539,200

Residential/Land/Commercial:  Residential

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Featured Home: Homefree Partnership
Offered By Tea Lane Associates
Perched on a small bluff at the quiet western end of the island, this elegant waterfront retreat offers a truly rare combination of a finely finished home, guesthouse and gardens with acreage, panoramic views and easy walk to a private sandy beach.
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31 Huseby Mountain Road, West Tisbury
Wendy H. Bujak purchased 31 Huseby Mountain Road in West Tisbury for $940,000 on August 26.
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149 Causeway Road, Vineyard Haven
Carroll L. Buress and Deborah T. Buress purchased 149 Causeway Road in Vineyard Haven for $490,000 on August 30.
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128 Summer Street, Vineyard Haven

Carleton G. Sprague, also known as Carlton G. Sprague, and Tammis F. Sprague purchased 128 Summer street in Vineyard Haven from Lela Evelyn Brown for $199,000 on August 28.

Acreage:  .40 

Asking Price:  $199,000

Assessed Value:  $204,000

Residential/Land/Commercial:  Residential

 

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7 Cyprien Way, Edgartown
Michael P. Kelly, Marylou McGovern and Thomas M. McGovern purchased 7 Cyprien Way in Edgartown for $350,001 on August 30.
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