Real Estate

 

 

 

The Edgartown selectmen are ready for Take Two in trying to find a buyer for the Warren House.

The town purchased the circa-1690 North Water street house for $3.5 million in 2004, with the idea of expanding the Edgartown Public Library, located next door. But this proved unfeasible, and the mansion, now in disrepair, was listed for sale in September.

The house was placed on the central register with minimum bids of $2.5 million. The town did not receive any bids by the end of November.

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The Martha’s Vineyard Land Bank reported revenues of $125,430 for the business week ending on Friday, Nov. 30, 2012. The land bank receives its funds from a two per cent fee charged on many Vineyard real estate transactions.

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