24 Chocolate Hole, St John, VI 00830

$1,395,000
Property Type: Residential Bedrooms: 5 Baths: 5 Square Footage: 4,250 Status: Closed
Current Price: $1,395,000 List Date: 8/23/2021 Last Modified: 10/29/2021

Description

Villa Meritage is a private oasis nestled into the verdant hillside overlooking Hart Bay and Chocolate Hole. Facing west to capture fiery sunsets, the 4 bedroom - 4 bath pool home with jacuzzi features a stand alone studio cottage (built 2000) with private jacuzzi. Beautifully landscaped and tastefully furnished, this villa has a great rental history.

Supplements: Meritage Great House and Cottage Updates Present owner who purchased the house in 1998 was a chef/ restaurateur owner of Fine Dinning establishments on St.John during a ten year period of the 90"s including establishments Paradise Pizza, Barracuda Bistro, Chateau Bordeaux, Paradiso, Asolare and Bad Art Bar Owner built new stand alone Honeymoon Cottage in 2000 with it's own cisterns and septic system House was completely rebuilt in 2000 with all new electrical wiring ,200 amp service, new sub floors, tiling, PGT hurricane rated doors /windows all new plumbing and ship-lap siding. Cisterns for both houses cleaned and Thuro Sealed 2018 Septic tanks pumped 2018 Totally all New Air Conditioning Units( four in all) serviced by Dr.Cool 2018 New Solar Hot Water System for Main House Meritage is Net Metering Set Up ( no longer available on St.John except for past customers ) new owner can add as many solar panels as they wish to save $$$ on electrical bills New Treks Decking on Pool Deck no maintenance and long lasting New decking and steps leading to Master bedroom and around Hot Tub New Appliances in Kitchen, Refrigerator, Gas Stove and Dishwasher New Cori gated Steel roofs on both houses, all are insulated with 1 1/2" foam insulation New Railings on both houses New PGT doors and windows on Meritage Great House living room New Roofs covering all decks with double hurricane strapping on 3x8 rafters Owner built hand crafted from live edge Red Cider, shipped in from Texas, Built in Dinning area and Deck Dinning table and coffee and end table Four, New King size pillow top mattresses and box springs All New Air Conditioning Units( four in all) serviced by Dr.Cool 2018 Complete night time lighting system of all palm trees and gardens from dusk to dawn, which makes the property come alive for guest every evening automatically, great for short term rentals Full Cable TV and Internet Service with VIYA and back up Internet service with St.John Bubble Service 2018 Property Real Estate Taxes $2,829 19 Years Short Term rental history on VRBO, HomeAway, Trip Advisory, Airbnb all with all Five Star Reviews and plenty of repeat guest, financials available for qualified buyers, Meritage Great House rents for $5,600 per week during high season, Meritage Cottage rents for $2,300 ( $7,900 per week cash flow, $32,000 monthly fully rented which we are many months during high season) off season MGH $4,200, MC $1,500 ($5,700 per week ) Average rental per year has been 36 weeks per year, almost fully rented during High Season, low occupancy during Aug, Sept. Oct. On Line web site for short term rentals meritagestjohn.com with up to date marketing Three minute drive to Cruz Bay, walk down to Hart Bay beach, quite and safe neighborhood, great sunsets from this westerly view, included in the Chocolate Hole Home Owners Association( ECLA) great for owner rights and protection, the only owners association area on St.John New Owners wanting to do short term rental, present owner who has been booking this house for 19 years is willing to continue booking Meritage for new owner along with in-place On-Island Manager and pool hot tub maintenance.

More Information MLS# 20-230

Contract Information

Current Price: $1,395,000 Status: Closed Book Section: Residential Realtor.com Type: Residential - Single Family List Date: 2020-07-18 Sold Date: 2021-10-28 Sold Price: $1,395,000 Financing: Conventional Assoc. Fee: 120 Assoc. Year: 2020 Road Assessment $: 500 Road Assessment Year: 2020 Insurance: Available Bank Owned: No 3rd Party Approval Required: No Intended Use: Other

Location, Legal, and Tax Information

Parcel Number: 24 Estate: Chocolate Hole Quarter: Cruz Bay Island: St John Country: US State/Province: VI Postal Code: 00830 Subdivision: Chocolate Hole Easements: Of Record Access: Paved Zoning: R-2Residential Restrictions: CCRs Stamp Tax: Split Equally HOA Dues: Annually

General Property Description

Total Bedrooms: 5 Total Bathrooms: 5 Sq Ft Enclosed (+/-): 2250 Sq Ft Deck (+/-): 2000 Total SqFt. (+/-): 4250 Waterfront: N Pool: Yes Hot Tub/Spa: Yes Year Built: 1982 Lot Size In Acreage: 0.52 Lot Size In SqFt: 22651.2 Hurricane Damaged Property: No

Addl Construction

Builder: Hiltunen Foundation: Masonry Grade: Moderate

Cistern

Capacity +/- (gal.): 15000

Property Features

House/Apt: Guest House Condition: Very Good Sewer: Waste Treatment Construction: Frame; Masonry Roof: Galvanized Landscaping: Professional View: Caribbean; Mountain; Panoramic; South Shore; St. Thomas; West/sunset Furnished: Yes Appliances: Dishwasher; Dryer; Refrigerator; Stove; Washer Cistern: Masonry Possession: Buyer Honor Rntl Res
Listing Office: Holiday Homes of St. John
24 Chocolate Hole, St John, VI 00830- MLS# 20-230
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