5 Scottys Lane

$1,950,000

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Single Family Residence in Lambert's Cove, West Tisbury

4 bedrooms

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1 bathroom

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1592 SqFt

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1.4 acres

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MLS #41403

Imagine enjoying your morning routine on the oversized porch, overlooking Seth's Pond. The layout is designed for both privacy and togetherness, with a welcoming living room and dining area. Immerse yourself in the beauty of the outdoors. The spacious yard offers room for play and relaxation, and the pond beckons with opportunities for swimming, kayaking, and more. The location, off of Lambert's Cove Road affords access to Lambert's Cove beach and Long Point Beach - with a beach pass. The property has been in the same family since 1968. Embrace the chance to breathe new life into a cherished family treasure and turn it into your ultimate Martha's Vineyard escape. Changes to the footprint of the home may require approvals, variances and permits which will be the Buyer’s responsibility (i.e. Natural Heritage and Endangered Species Program, MV Conservation Commission, etc.) Showings require 24 hours notice. Seller will cover the cost of bringing the Septic System on the property into compliance with Title 5 Regulations, Board of Health Regulations and/or any Order issued by the Town of West Tisbury for the Property in its current state. In order to accomplish this Seller and Buyer shall enter into a mutually acceptable and reasonable escrow agreement at closing, which shall require, among other things, that : (1) a portion of the proceeds due to Seller equal to 150% of the estimated cost of the title 5 work (as determined by a written estimate obtained by Seller) be held in escrow by Buyer’s attorney, pending completion of the Title 5 work; (2) the excess escrowed funds shall be returned to Seller promptly. If there is any disagreement regarding return of the escrowed funds then a neutral inspector shall be appointed and agreed upon by both the Buyer and Seller and escrowed funds shall be returned returned to seller one day after the inspector determines that the Title 5 work has been completed. Note, this is to bring the property into compliance with TItle V. Any additional treatments desired by the buyer will be at the buyer's expense.

Property highlights

Unfurnished

Water Views

Porch

Septic Tank

Cable

Well Water

Property Details

Association Fee:
Association Fee Includes:
Basement:
Partially Finished and includes a library2 bonus roomsstorage room and laundry room. Remainder is a large workshop with a door leading outside to a large area under the upper porch - perfect place to relax after spending time on the pond
Fireplace Features:
1
Flooring:
Hardwood and tile
Foundation Types:
Concrete Block
Frontage Type:
Pnd
Heating:
OFHA
Interior Features:
InsFloor 1: Kitchen with large pantry, dining area, living room leading out to large covered porch. Main bedroom has a half bath and there are 3 other bedrooms with a full bath.
Link MLS Comments:
If coming from Vineyard Haven, take the second entrance to Lambert's Cove Road. Scotty's Lane will be on the right, just after Seth's Pond. Home is occupied, so please do not drive into the driveway.
Lot Features:
Parking Features:
Possible Use:
Assessed Building Value:
383600.00
Assessed Land Value:
1312800.00

Price History

April 05, 2024
$1,950,000

Tax Information

This property was most recently assessed in 2023. It has been assessed at a value of $1,696,400. The annual tax responsibility for this property is $7,400.

Contact an Agent
Phone number
(508) 696-7777

Property Location

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