CCertihomes
47 East Chop Drive, Oak Bluffs, MA 02557

$11,000,000

7 beds 6 baths 3,888 sqft Built 1952340 days on marketActive

About this home

East Chop waterfront – Once in a lifetime, a property of this caliber becomes available, with an on-the-water East Chop location, a wide range of amenities, and multi-functional use! Uses include -- 1.) Currently operated as East Chop Harborfront Apartments (6 units), a pre-existing non-conforming use for the past 40+ years, 2.) Use it as a residential home or family compound, or live in a portion and rent a portion, 3.) Potential to convert to condominiums, paperwork presently in process but would be a buyers choice. Located directly on the harbor, this property features outstanding water views of the harbor and sound beyond and is just steps from the tennis club, beaches, ferries to the mainland and downtown. In pristine condition, this 6-unit property includes a 106 ft dock with water/electric for 8 slips and a 40’ T at the end for a 9th boat. Parking for 6-7 vehicles at street in front. Built in 1952, the property has had extensive top to bottom renovations.

Affordability — calculate your monthly payment

Adjust your budget to see what's left after housing, utilities and transportation. Numbers below assume a 5% down, 30YrJumbo at 4% APR.

Your estimated payment
$62,183/mo

Real estate (PITI + HOA + PMI)
$65,891
Principal + interest$49,890
Property tax + insurance$11,876
PMI / 2nd mortgage$4,125
Utilities
$428
Heating + cooling$66
Internet + TV + phone$130
Water + sewer + garbage$58
Transportation
$113
Car insurance + maintenance$113
Other (entertainment)
$130
$62,183/mo TLC
Budget$62,683/mo
Remaining after TLC$500/mo
Purchase price
$11,000,000
Down payment
$550,000 (5%)
Loan amount
$10,450,000
APR
4%

Quick facts

Type
Single Family Residence
Style
Colonial
Year built
1952
Lot size
0.29 ac
Stories
0
Heating
Electric Baseboard, Ductless
Cooling
Ductless
Water
Public
HOA
Annual tax
$23,114
MLS #
73112884
County
Dukes

At a glance

Fireplace
Waterfront

Home features

Community
Public TransportationShoppingTennis Court(s)ParkWalk/Jog TrailsGolfMedical FacilityLaundromatBike PathHouse of WorshipMarinaPublic School
Sewer
Public Sewer

Lot features

Level

Schools

Elementary
Oak Bluffs
Middle
Oak Bluffs
High
Mv Regional Hs

Map & walkability

Open in Google Maps →
MLSPIN

Listing information last refreshed 5/17/2023. Provided courtesy of the listing office via MLSPIN. Information deemed reliable but not guaranteed.