Own A Property on Marthas Vineyard for $440 a Month

Have you ever been to Marthas Vineyard? If so, you know that the nightly expense for a place to stay can be astronomical.

I quickly looked at TripAdvisor to see how much a night could cost in Vineyard Haven. TripAdvisor had nightly stays well into the mid $500/per night range.

Imagine owning your own piece of heaven for under $500 per month.

Now you can with the property below being offered byΒ Martha’s Vineyard Island Wide Realty’s Carmine Cerone.

See details below.

What if you Could Own a Slice of Martha’s Vineyard for $450 per month?

 

The property above is located in Vineyard Haven on Martha’s Vineyard. It’s in an old motel in town on the harbor. It’s a 224 square foot room which is in an in town location. The property is located at 60 Beach in Tisbury, MA on the Island of Martha’s Vineyard. The price of this property is $87,500.Β  If you were to put down 20% and finance the remainder at 5% interest the monthly payment with taxes would be around $440 per month. See the condo here

Here are the remarks from the listing agent on the MLSPIN

On Vineyard Haven Harbor, this 2nd floor, one bedroom unit has wonderful clear views of the harbor and Sound beyond. Direct private beach access and walk to ferry, town, shopping, restaurants. No need for a car. The room with wood floors, is fully furnished with queen bed, lounge chairs, mini-fridge, flat screen TV and heat/air conditioner. Just outside your door a deck with table and chairs for enjoying the views and activity of the boats in the Harbor. Courtyard area with picnic tables and bbq. Beach has chairs for lounging and tanning. When you are not using the condo, the onsite management will rent and maintain it for you. A little piece of the Vineyard to enjoy in the summer, or as an investment, or both.

Once you own this little piece of heaven, you can begin exploring the The Best Things to Do in Vineyard Haven

How to Pay for Your Slice of Heaven?

If you don’t have the money to pay cash for a place like this there are many options available. If you own a home, you could and have owned it for a little while you could do a cash out refinance or perhaps a home equity line of credit.Β  If you need a good referral for someone to help you explore this, it would be a please to help you find the right lender/banker whether for this or making another investment in real estate.Β  In order to see how much equity you have in your property, you may want to get a quick valuation at www.HomeValueBoston.com

About the author

Michael Mahoney

Michael Mahoney

Boston Realtor

Michael Mahoney is a full time Realtor in Boston, Massachusetts. Michael covers most of Greater Boston. Michael's focus areas are primarily Norfolk and Suffolk Counties. You can reach Michael via email at mike@mmahoney.com or via phone at 617-615-9435. Michael is a sales agent affiliated with Century 21.

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