Beautiful .9 acre lot in a tranquil residential neighborhood, ideally located near Morning Glory Farm, Vineyard Golf Club, the bike paths to Edgartown Village, South Beach, and up-island. A unique chance to build your Martha’s Vineyard home in a private yet convenient Edgartown location. This property is subject to M.G.L. Chapter 40A Section 6 of the Affordable Homes Act: a single-family residence not to exceed 1,850 sq ft of heated living area, with a minimum of 3 bedrooms, no seasonal use or short-term rentals. An ADU, unfinished basement, screened porches, patios, etc. should be independent from the 1,850 square footage. Edgartown zoning should allow for an additional separate dwelling unit ADU of up to 900 s/f with permitting. This property is not income-restricted. Sewer tie-in is available for up to 7 bedrooms per Edgartown Wastewater Department.
Lot Description:
Rolling Slope, Additional Land Available
Amenities:
Public Transportation, Shopping, Walk/Jog Trails, Golf, Bike Path
87 Whalers Walk, Edgartown, MA, 02539
The rates and annual percentage rate (APR) displayed are based upon the following assumptions: a 20% down payment (e.g. $20,000 down on a $100,000 purchase price), conforming loan amount, $1,950 in finance charges, 30 days prepaid interest, 1 point, 30 day rate lock. The rates and annual percentage rate (APR) will vary depending upon the actual down payment percentages, points and fees for your transaction. Rates and the margin for adjustable rate mortgages [if applicable] are subject to change without prior notice and may vary with your unique credit history, and terms of your loan. The rates displayed vary by property state, may change or not be available at commitment or closing or may be subject to product restrictions.
The Initial Interest Rate and Initial Principal & Interest Payment are fixed for the first five years (for a 5/6 ARM) or seven years (for a 7/6 ARM) and adjust every six months thereafter for the remainder of the loan term. The Interest Rate and annual percentage rate may increase after consummation. The Index for this product is the SOFR. The margin for this adjustable rate mortgage may vary with your unique credit history, and terms of your loan. Mortgage Rates are subject to change, loan amount and product restrictions and may not be available for your specific transaction at commitment or closing. Rates, and the margin for adjustable -rate mortgages [if applicable], are subject to change without prior notice.
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