Home for Sale at 89 Ocean Avenue, Oak Bluffs, MA 02557

89 Ocean Avenue
Oak Bluffs, MA 02557

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Property Details

List Price:	$5,950,000
Beds:	7
Baths:	5
Status:	Active
SqFt:	3265
Agency:	Ocean Park Realty, Inc.

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Description/Comments

Lot Size:	--
Property Type:	Residential
Year Built:	1870
Notes:	The GRAND DAME of HISTORIC OCEAN PARK ~A VICTORIAN MASTERPIECE, meticulously restored and renovated with careful attention to detail throughout, is situated on OCEAN PARK, Oak Bluffs' most popular and attractive neighborhood just steps to the white sandy beaches on Vineyard Sound, fine shopping, art galleries, restaurants, Harbor, and Ferry ports! This Victorian treasure is the epitome of the coveted Oak Bluffs porch culture where families have enjoyed the dramatic sunsets and spectacular Summer fireworks for generations. Situated on a professionally landscaped quarter acre, bursting with shrubs and seasonal flowers, that offers a commanding view over Ocean Park and a stunning panorama that sweeps across Nantucket Sound to the shores of Cape Cod. The site has plenty of parking and a broad expanse of lawn in the back yard offering privacy and recreational space. This cheerful design with its luxurious French Doors and abundance of windows captures the natural light that flows through the cozy rooms and seamlessly connects the interior to the outdoor oasis. The 3265 sq feet of interior living area offers the perfect combination of spacious entertaining and intimate settings ideal for the comfort and enjoyment of family and guests. There are 7 charming bedrooms, 3 are primary en-suites with one featuring a soaking tub....a total of 4 and 1/2 exquisite bathrooms. The Chef's kitchen is not just efficient, but a delight and fun place to work and hang out; and the formal dining room features a custom fine woodwork table that seats 12(included in the sale) and efficient propane stove. There are several living/parlor rooms in both the front and rear that complement the overall interior arrangement. Other highlights in this exceptional residence include the impressive millwork, classic beadboard, high ceilings, the walk-in pantry, separate prep kitchen, and a Dry Full Basement! From this desirable location you will enjoy the casual walk around town, jog on the beach, and bike along Sea View Avenue overlooking the Sound. THIS IS TRULY A SPECIAL PROPERTY...and it comes with a proven rental history in place!( NEW EXTERIOR PAINT 2024 SPRING)
MlsNumber:	32400068

Listing Provided By:	Ocean Park Realty, Inc., original listing
Name:	Ocean Park Realty, Inc.
Phone:	(508) 693-4210
Office Name:	Ocean Park Realty, Inc.
Office Phone:	(508) 693-4210
Agent Name:	Marilyn Moses
Disclaimer:	Copyright Â© 2024 Marthaâ€™s Vineyard Multiple Listing Service, Inc. All rights reserved. All information provided by the listing agent/broker is deemed reliable but is not guaranteed and should be independently verified.

HUD Foreclosures

HUD foreclosures and VA Foreclosures are some of the best homes to buy when price is part of the equation. As with most Americans, price is always a concern. If not buying the same house for less, why not buy more house for the same dollar invested? When looking for a good deal it is hard to do better than the VA or HUD foreclosures market. The simple truth is that there are just more VA and HUD homes on the market, as they represent such a large number of mortgages that are generated each year. This translates into more foreclosures just by the magnitude of difference between all others comparing to the two largest.

The two largest also being government owned and operated means that they have less time to wait to make money back on the home. The FHA is especially known for selling HUD homes for less than the average sales price in a given area. FHA foreclosures represent a fraction of HUD but they are still a significant number of homes and both should be considered.

VA (Veterans Administration) and HUD (Housing and Urban Development) have different and unique opportunities for the buyer. Both are often forgiven for the local taxes normally associated with the purchase of a home (this is on a county by county basis). Be sure to ask the local title company or escrow company to look into it for you before closing as this is often missed due to their are not used to dealing with the 2 to 3 percent of the market that VA and HUD foreclosures represent.

Free Foreclosure Listings

USHUD.com is a website that simplifies the process of finding foreclosures and HUD properties. Everyone thinks they are a real estate web surfing pro until they search for foreclosure homes and stumble upon a numerous sites that want to charge a fee to see their listings. With USHUD.com that’s not the case. When searching for HUD properties or a home finding website for foreclosure it is important to know what you are looking for. It is important to use a niche company that specializes in foreclosures like USHUD.com. We have put together 2 tools that have made the real estate search process of our website much easier to navigate. The Homesearch online tool is filled with foreclosure lists and free listings of hud homes for sale. Most of our users start with a broad search with the homesearch online tool to see the most HUD properties and foreclosure lists in your area and narrow their search down with the Homefinder online tool. The homefinder online tool is a custom filter system that we breakdown the area based upon filters such as convention and foreclosure listings. This give you the option to filter out conventional listings and focus on just the foreclosures in the market. We thank you for making us Americas top home finding website for foreclosure and Hud properties. Free listings of hud homes for sale are hard to come by but should always be free and that’s the way things are going to stay on our website.

Foreclosure Listings Increasing

As the market settled after the mortgage meltdown foreclosure listings also settled and fewer homes were on the market with a placard reading “Bank Foreclosure” in big red lettering. This was a good thing for the entire real estate market. Having an abundance of foreclosures brings the entire market down and it makes it harder for home owners, who would like to move, to get the appropriate price for their home as a similar home down the same street was sold for substantially less and the appraiser is using the foreclosure as a comparable sale.

This is just one of the problems when there are too many foreclosure listings in any area. Another issue is the television set that sits in everyone’s living room harping about the price of homes based on the number of foreclosures and this constant barrage of negative information makes most people sit on the sidelines waiting for the market to either implode completely or to correct itself. Meanwhile while they wait, others are buying foreclosure listings and making great investments.

Whatever the reason, a market can only handle so many foreclosure listings at any given time. The more foreclosures, the lower the market gets and this is a lesson the banks that were foreclosing and selling off realized too late. The market and their investments would have been better off if there had not been a rush to divest themselves of the toxic assets made more toxic by their own actions.

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or licensed by the US Department of Housing and Urban Development

USHUD.com is an Equal Housing Opportunity

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