1 Marchants Path, Edgartown, MA, 02539 | $3,100,000

Elegant colonial on lush 1/2 acre parcel near downtown Edgartown offered fully turnkey. Three spacious bedrooms, two full and one-half bathrooms, and over 2, 250 sqft of living space. Double height main living/dining with sliding glass doors to outdoor living, new Velux skylights and gas fireplace. Newly refreshed gourmet kitchen with all stainless appliances, quartz countertops, island eatery and sliding glass doors to covered porch. First floor primary ensuite, private lounge, walkthrough closet and direct access to the rear deck and one of two outdoor shower's. Chic and functional entry and linen closet with washer/dryer. Luxuriate amidst mahogany covered screened-in porch, spacious outdoor dining area, teak furnishings, two outdoor showers with fabulous west facing views over abutting farmlands. Second floor study lounge, shared full bathroom, two spacious guest rooms with walk-in closets. Walk out lower level with interior access to one car garage. Detached artist studio. Meticulously maintained and lovingly improved, this home boasts a strong rental history and is offered turnkey.

Features

  • Rooms: 10
  • Bedrooms: 3
  • Baths: 2 full / 1 half
  • Laundry: Electric Dryer Hookup, Washer Hookup, Built-Ins, Laundry Room
  • Style: Colonial
  • Year Built: 1986
  • Garage: 1-car Off Street, Stone/Gravel
  • Heating: Forced Air
  • Cooling: Central Air
  • Basement: Full, Walk-Out Access, Partial, Interior Entry
  • Approx Sq. Feet: 2,254
  • Acreage: 0.5
  • Est. Taxes: $4,250
  • Lot Desc: Bike Path, Public Tennis, Shopping, School, Near Golf Course, Medical Facility, Marina, In Town Location, House of Worship, Conservation Area, Views
  • School District: Martha's Vineyard
  • Appliances: Cooktop, Gas Range, Washer, Wall/Oven Cook Top, Washer/Dryer Stacked, Refrigerator, Freezer, Dryer - Electric, Disposal, Dishwasher, Water Heater
  • MLS#: 22400322
  • Website: https://www.raveis.com
    /eprop/22400322/1marchantspath_edgartown_ma?source=qrflyer
Courtesy of
All data relating to real estate for sale on this page comes from the Broker Reciprocity (BR) of the Cape Cod & Islands Multiple Listing Service, Inc. Detailed information about real estate listings held by brokerage firms other than William Raveis Real Estate include the name of the listing company. Neither the listing company nor William Raveis Real Estate shall be responsible for any typographical errors, misinformation, misprints and shall be held totally harmless. The broker providing this data believes it to be correct, but advises interested parties to confirm any item before relying on it in a purchase decision.

Room Information

Type DescriptionDimensionsLevel
Kitchen Countertop(s): Quartz,Flooring: Wood19 x 24
Living Room Fireplace(s): Gas19 x 24
Master Bedroom Flooring: Carpet19 x 24First

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NMLS Mortgage Loan Originator ID 12303

203.913.1633

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1 Marchants Path, Edgartown, MA, 02539

$3,100,000

Jennifer Peters

Sales Associate

William Raveis Real Estate

Phone: 203.470.7356

Jennifer.Peters@raveis.com

Jorge L Rivera

VP, Mortgage Banker

William Raveis Mortgage, LLC

Phone: 203.913.1633

Jorge.Rivera@Raveis.com

NMLS Mortgage Loan Originator ID 12303

5/6 (30 Yr)
Adjustable Rate Jumbo*
30 Year
Fixed-Rate Jumbo
15 Year
Fixed-Rate Jumbo
Loan Amount $2,480,000 $2,480,000 $2,480,000
Term 360 months 360 months 180 months
Initial Interest Rate** 6.000% 6.750% 6.500%
Interest Rate based on Index + Margin 8.125%
Annual Percentage Rate 7.377% 6.851% 6.664%
Monthly Tax Payment $354 $354 $354
H/O Insurance Payment $125 $125 $125
Initial Principal & Interest Pmt $14,869 $16,085 $21,603
Total Monthly Payment $15,348 $16,564 $22,082

* The Initial Interest Rate and Initial Principal & Interest Payment are fixed for the first 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.

The rates and Annual Percentage Rate (APR) cited above may be only samples for the purpose of calculating payments and are based upon the following assumptions: minimum credit score of 740, 20% down payment (e.g. $20,000 down on a $100,000 purchase price), $1,950 in finance charges, and 30 days prepaid interest, 1 point, 30 day rate lock. The rates and APR will vary depending upon your unique credit history and the terms of your loan, e.g. the actual down payment percentages, points and fees for your transaction. Property taxes and homeowner's insurance are estimates and subject to change.