5 & 7 Lyme Street, Oak Bluffs MA 02557

LOCATION, LOCATION, LOCATION! Did I say mini family compound?….situated on a quiet dead end road… 5 Lyme and 7 Lyme (considered the primary property) Primary for listing purposes only) adjacent to each other being offered as one large parcel encompassing three cottage style homes. Land area approximately 11,761 sq.ft. (includes 5 and 7 Lyme ). this property has so much potential as is with three current cottage tyle homes, multiple sheds and privacy. See second dwelling description for more details on 5 Lyme. which has two cottages. 7 Lyme has 2 bedrooms (3 bedroom Title 5 installed in 2016), and full bathroom with tile flooring, washer/dryer located in the bathroom, and hardwood flooring throughout the rest of the house. Kitchen/dining room includes a dishwasher, gas stove, and stone counters with lots of cabinets. From the kitchen through the rear entrance is a back deck, private yard, and storage sheds. Numerous plantings and a pergola flank the east side of the home with a hedge row for privacy and bordering the huge garden with flowers and vegetables. So much potential! All this is walking distance to Lagoon Pond and Eastville Beaches, MV Hospital, and bike paths around the corner that will lead you to shopping, restaurants, and ferries in Vineyard Haven. This property is situated equi-distant between Vineyard Haven and Oak Bluffs. Total room count, bedrooms, taxes, assessments include both properties. Taxes on 5 Lyme are $4668 & $4071 on 7. Owner occupied and tenant in back cottage, 24 hour notice for showings. Pre qualification letter and or proof of funds should be submitted with offers. Seller has engaged an engineer for a septic upgrade. Currently 7 Lyme which is a 2 bedroom cottage has a 3 bedroom Title 5 system which has passed inspection. 5 Lyme has a failed cesspool. An upgrade is being designed to the current Title 5 system to accommodate all bedrooms, seller is covering the design costs and installation of an upgrade to the existing title 5 system.This could be in the form of a credit, negotiated price,or money held in escrow at closing, whatever works best for all parties.