56 Summit Avenue, Oak Bluffs, MA 02557

Owner Information
Owner 1
Island Investment Properties LLC
Owner 2
Owner's Address
35 Airport Rd Vineyard Haven, MA 02568
Market Sale Information
Most recent sale date
5/17/2021
Previous sale date
4/8/2013
Transfer document #
N/A-N/A
Previous transfer document
73-209
Grantor
Tania D Pereira
Previous grantor
Tania D Pereira
Most recent sale price
$670,000.00
Previous sale price
$1.00
Site Information
Property ID
21-76-0
Lot Size
0.23
Use Code
101 - Residential, single family
Zoning
Building Style
Cape
Number of Rooms
0
Stories
1.5
Number of Beds
3
Year Built
1987
Number of full baths
2
Condition
Number of half baths
0
Finished Area
1505
Number of Kitchen
Gross Living Area
Number of Fireplaces
Bsmnt floot
Number of parking
Interior walls
Drywall
Floor type
Wood/Carpet/Mix
Solar Hot Water
No
Roof Structure
Gable
Heating type
Heat Pump
Roof Cover
Asph/Cmp Shin
Heating fuel
Electric
Frame type
Wood Frame
Air Condition (%)
Sidings
Wood Shingle
Assessment Information
Fiscal Year
2025
Land Value
$482,900.00
Total value
$958,200.00
Building value
$473,300.00
Estimated tax
$4,838.00
Yard improvement value
$2,000.00
Certified Mass Appraisal
200820092010201120142015201620172018201920202021202220232024$0$200,000$400,000$600,000$800,000$1,000,000$1,200,000Total Assessment ($)ImprovementsLandBuildingTotal Assessment
Comparable Properties
33 Vineyard Avenue16 Hudson Avenue56 Summit Avenue4 Combra Way5 Winona Avenue2 East Side Road2 Bradford Court$0$500,000$1,000,000$1,500,000$2,000,000$2,500,000Subject PropertyTotal Assessment ($)Total Assessment
Address 56 Summit Avenue A) 16 Hudson AvenueB) 5 Winona AvenueC) 2 Bradford CourtD) 2 East Side RoadE) 33 Vineyard AvenueF) 4 Combra Way
Photo
Plan
Map
Proximity 0.20.40.50.70.90.9
Last Sold 12/4/202412/9/20241/10/20255/22/202512/6/20242/6/2025
Price $1,000,000$2,300,000$2,300,000$1,600,000$600,000$1,150,000
Net Living Area 1,7011,1401,3681,3141,4391,428
Stories 1.51211.51.5
Sale Price/sft $445.18$587.89$2017.54$1681.29$1217.66$416.96$805.32
Style CapeCapeRanchCapeRanchOld StyleCape
Age 1987198919501960193319002002
Rooms 0000055
Bedrooms 3323333
Full baths 2212212
Half baths 0000010
Gross Living Area
Heating Fuel ElectricOtherElectricOilOilOilGas
Detached Garage
Lot Size 0.230.230.350.320.130.120.39
Roof Cover Asph/Cmp ShinAsph/Cmp ShinAsph/Cmp ShinAsph/Cmp ShinAsph/Cmp ShinAsph/Cmp ShinAsph/Cmp Shin
AEM Value - Building $473,300.00$461,000$323,700$343,500$431,800$164,600$446,100
AEM Value - Land $482,900.00$482,900$1,526,800$1,827,800$1,456,900$508,200$551,000
AEM Value - Other $2,000.00$1,500$25,300$72,000$6,800$0$0
AEM Value - Total $958,200.00$945,400$1,875,800$2,243,300$1,895,500$672,800$997,100
# Address Last Sold Sale Price Dist(m) Style LA (sq ft) Lot(ac) BR F-HB
@ 56 Summit Avenue 5/17/2021 $670,000 0 Cape 1,505 0.23 3 2-0 -
  Criteria
A 16 Hudson Avenue 12/4/2024 $1,000,000 0.2 Cape 1,701 0.23 3 2-0
B 5 Winona Avenue 12/9/2024 $2,300,000 0.4 Ranch 1,140 0.35 2 1-0
C 2 Bradford Court 1/10/2025 $2,300,000 0.5 Cape 1,368 0.32 3 2-0
D 2 East Side Road 5/22/2025 $1,600,000 0.7 Ranch 1,314 0.13 3 2-0
E 33 Vineyard Avenue 12/6/2024 $600,000 0.9 Old Style 1,439 0.12 3 1-1
F 4 Combra Way 2/6/2025 $1,150,000 0.9 Cape 1,428 0.39 3 2-0
Averages 130 days $1,491,667 0.60 --- 1,398 0.26 --- ---  

Estimation of Market Value - $1,299,597

As of today, 05/28/2025, the estimated market value of 56 Summit Avenue, Oak Bluffs considering the above 6 comparable properties is $1,299,597.

 

In estimating the current market value, RealtyInSite follows the sales comparison (market) approach which is an approach based on the principles of supply and demand (principle of change) and the principle of substitution. The principle of substitution assumes that a prudent person will pay no more for a property than it would cost to purchase a comparable substitute property.

 

Comparable sales data are applied to arrive at an estimate of value. By default, comparable properties are those properties located within 1 mile of the subject property that have sold within the last 6 months and have a similar size of living area. The table shown above lists the comparable properties that were considered. Note that which properties are considered comparables can be adjusted by varying the selection criteria or deleting non-representative properties.

Neighboring Properties
Mailing Labels Copy to Clipboard
Subject Property0 Columbian Avenue0 Columbian Avenue30 Summit Avenue35 Hudson Avenue0 Hudson Avenue0 Alpine Avenue0 Hudson Avenue28 California Avenue17 Alpine Avenue36 Alpine Avenue63 Hudson Avenue66 Hudson Avenue67 Hudson Avenue72 Hudson Avenue20 Columbian Avenue34 Hudson Avenue40 Columbian Avenue57 Hudson Avenue47 Alpine Avenue59 Hudson Avenue10 Beacon Avenue65 Washington Avenue56 Summit Avenue35 Alpine Avenue21 Alpine Avenue14 Beacon Avenue40 Hudson Avenue$0$200,000$400,000$600,000$800,000$1,000,000$1,200,000$1,400,000Total Assessment ($)Total Assessment
# Address Last Sold Sale Price Dist(m) Style LA (sq ft) Lot(ac) BR F-HB
@ 56 Summit Avenue 5/17/2021 $670,000 0 Cape 1,505 0.23 3 2-0 -
  Criteria
A 65 Washington Avenue 3/21/2012 $0 0.0 Cape 1,735 0.23 4 4-0
B 43 Alpine Avenue $12,000 0.0 Cape 2,138 0.23 3 2-0
C 52 Summit Avenue 6/10/2011 $182,360 0.0 Cape 942 0.23 1 1-1
D 47 Alpine Avenue 8/22/1991 $161,250 0.0 Ranch 1,586 0.23 3 2-1
E 39 Alpine Avenue $79,000 0.0 Cape 1,008 0.23 3 2-0
F 0 Summit Avenue $0 0.0 0.34 -
G 0 Summit Avenue-Hudson Ave $4,000 0.0 0.46 -
H 71 Washington Avenue 6/30/2020 $10 0.0 Ranch 660 0.23 2 1-0
I 46 Summit Avenue 4/13/2010 $10 0.0 Cape 1,912 0.34 4 4-0
J 14 Beacon Avenue 2/25/2009 $1 0.0 Contemporary 1,827 0.34 1 2-0
K 64 Washington Avenue 12/14/2006 $10 0.0 Ranch 1,648 0.22 3 2-0
L 46 Hudson Avenue 8/23/2013 $450,000 0.0 Ranch 1,376 0.34 3 3-0
M 42 Alpine Avenue 6/30/1994 $143,000 0.0 Colonial 1,610 0.27 4 2-1
N 48 Washington Avenue 8/28/1997 $130,000 0.0 Cape 1,640 0.24 2 1-0
O 58 Washington Avenue 3/29/2000 $205,000 0.0 Ranch 1,800 0.23 3 2-0
P 70 Washington Avenue 7/25/2022 $902,000 0.1 Ranch 1,038 0.26 3 1-0
Q 10 Beacon Avenue 4/11/2016 $482,500 0.1 Contemporary 1,578 0.57 2 2-0
R 36 Alpine Avenue 6/5/1997 $35,000 0.1 Ranch 876 0.25 2 1-0
S 0 Hudson Avenue $0 0.1 0.12 -
T 72 Washington Avenue 6/4/2020 $100 0.1 Ranch 1,152 0.24 1 1-1
U 70 Summit Avenue 6/9/2017 $1 0.1 Contemporary 2,392 0.22 3 2-0
V 45 Washington Avenue 3/24/2023 $1,175,000 0.1 Colonial 1,568 0.23 3 2-1
W 0 Alpine Avenue 4/2/2015 $1 0.1 0.22 -
X 40 Hudson Avenue 4/2/2015 $1 0.1 Cape 2,292 0.34 3 3-1
Y 69 Summit Avenue 7/14/2006 $470,000 0.1 Ranch 1,248 0.25 3 2-0
Z 81 Washington Avenue 1/9/1900 $0 0.1 Ranch 1,296 0.34 3 1-0
- 35 Alpine Avenue $186,340 0.1 Cape 1,960 0.23 4 3-0
- 40 Washington Avenue 4/2/2015 $1 0.1 Old Style 1,120 0.23 2 1-0
- 28 Beacon Avenue 12/21/2020 $100 0.1 Ranch 1,232 0.25 1 2-0
- 11 Beacon Avenue 9/20/2019 $460,000 0.1 Cape 1,165 0.23 3 2-0
- 57 Hudson Avenue 2/8/1993 $135,000 0.1 Antique 1,349 0.55 4 2-0
- 27 Beacon Avenue 2/2/2018 $100 0.1 0.31 -
- 66 Hudson Avenue 9/22/2020 $666,500 0.1 Ranch 908 0.23 2 2-0
- 75 Summit Avenue 2/13/2012 $1 0.1 Cape 1,428 0.23 3 2-0
- 41 Washington Avenue 1/18/2001 $1 0.1 Contemporary 1,579 0.3 3 3-1
- 76 Summit Avenue 12/30/2021 $999,500 0.1 Cape 1,488 0.34 4 2-0
- 59 Hudson Avenue 10/7/2005 $540,000 0.1 Ranch 1,207 0.78 3 1-0
- 61 Alpine Avenue 12/28/2021 $1 0.1 0.34 -
- 12 Onondaga Avenue 11/3/2009 $490,000 0.1 Ranch 720 0.23 2 1-0
- 63 Hudson Avenue $64,000 0.1 Cape 1,454 0.23 3 2-0
- 83 Washington Avenue 5/23/2022 $100 0.1 Ranch 1,638 0.34 2 2-1
- 34 Hudson Avenue 10/28/2015 $1 0.1 Ranch 1,404 0.46 3 2-0
- 0 Alpine Avenue 4/12/2000 $100 0.1 0.45 -
- 21 Alpine Avenue 2/15/2019 $1 0.1 Cape 1,960 0.23 3 3-0
- 32 Beacon Avenue $169,000 0.1 Cape 1,428 0.23 3 2-0
- 35 Hudson Avenue $1 0.1 0.25 -
- 58 Alpine Avenue 4/2/2015 $1 0.1 Contemporary 3,182 0.92 3 2-0
- 0 Columbian Avenue 2/28/2014 $12,000 0.1 0.11 -
- 29 Beacon Avenue 5/3/1996 $0 0.1 Old Style 1,198 0.12 3 1-1
- 42 Washington Avenue 6/28/2024 $800,000 0.1 Ranch 920 0.12 3 1-1
- 0 Summit Avenue 2/13/2012 $1 0.1 0.11 -
- 0 Nunes Way 1/9/1900 $0 0.1 1.6 -
- 72 Hudson Avenue 7/8/1991 $0 0.1 Cape 1,210 0.28 3 2-0
- 31 Beacon Avenue 12/14/2012 $251,000 0.1 Contemporary 1,092 0.11 3 1-1
- 6 Barling Avenue 6/13/2019 $180,000 0.1 Old Style 1,872 0.23 3 2-1
- 40 Columbian Avenue 8/15/2007 $0 0.1 Cape 1,254 0.23 3 2-0
- 84 Washington Avenue 6/22/2018 $602,500 0.1 Contemporary 1,109 0.38 2 1-0
- 66 Alpine Avenue $12,000 0.1 Ranch 936 0.23 2 1-0
- 78 Summit Avenue 7/5/2013 $448,000 0.1 Contemporary 1,505 0.23 3 2-1
- 20 Columbian Avenue 7/3/2013 $10 0.1 Ranch 1,340 0.22 3 2-0
- 33 Beacon Avenue 9/26/2008 $378,000 0.1 Contemporary 1,186 0.12 3 1-1
- 67 Alpine Avenue 10/3/2018 $530,000 0.1 Split Level 1,143 0.23 4 2-0
- 67 Hudson Avenue $0 0.1 Ranch 1,000 0.69 2 2-0
- 8 Barling Avenue 10/1/1997 $136,000 0.1 Cape 1,365 0.11 3 2-0
- 33 Hudson Avenue 2/12/2009 $424,900 0.1 Cape 1,769 0.23 4 2-1
- 11 Onondaga Avenue 10/6/2004 $1 0.1 Colonial 1,624 0.23 3 2-1
- 35 Washington Avenue 1/27/2014 $1 0.1 Cape 1,652 0.24 2 1-1
- 87 Washington Avenue 8/11/2003 $0 0.1 Cape 1,361 0.23 3 2-0
- 38 Washington Avenue 11/17/2000 $1 0.1 Cape 1,428 0.23 3 2-0
- 30 Summit Avenue 2/12/2016 $100 0.1 0.23 -
- 15 Barling Avenue $0 0.1 0.23 0 0-0
- 38 Beacon Avenue $0 0.1 Old Style 1,283 0.43 2 1-0
- 17 Alpine Avenue 5/16/2006 $1 0.1 Ranch 1,152 0.23 3 1-0
- 35 Beacon Avenue $2,600 0.1 0.12 -
- 28 California Avenue 8/29/2005 $1 0.1 Old Style 923 0.11 1 1-0
- 81 Summit Avenue $9,000 0.1 Contemporary 2,283 0.39 4 3-0
- 0 Hudson Avenue 9/27/2017 $250,000 0.1 0.46 -
- 12 Barling Avenue 12/6/2013 $1 0.1 Old Style 2,080 0.24 3 3-0
- 0 Columbian Avenue 10/12/1999 $100 0.1 0.11 0 0-0
Averages 6555 days $154,155 0.09 --- 1,155 0.3 --- ---  
DISCLAIMER: The information in this report was collected from the concerned Assessors Office and Registry of Deeds.  Compu-Links disclaims any and all representations or warranties as to the accuracy of this information
21 76 0 56 Summit Avenue