55 Tower Lane, Edgartown, MA 02539

55 Tower Lane Edgartown MA 02539
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Owner Information
Owner 1
Mark P Young
Owner 2
Owner's Address
Box 2669 Oak Bluffs, MA 02557
Market Sale Information
Most recent sale date
4/25/1989
Previous sale date
Transfer document #
0520-0170
Previous transfer document
Grantor
Previous grantor
Most recent sale price
$7,000.00
Previous sale price
N/A
Site Information
Property ID
12-B-23
Lot Size
0.21
Use Code
101 - Residential, single family
Zoning
R20
Building Style
Ranch
Number of Rooms
5
Stories
1
Number of Beds
3
Year Built
1990
Number of full baths
2
Condition
Number of half baths
0
Finished Area
1788
Number of Kitchen
Gross Living Area
3892
Number of Fireplaces
Bsmnt floot
Number of parking
Interior walls
Drywall/Sheet
Floor type
Carpet
Solar Hot Water
No
Roof Structure
Gable/Hip
Heating type
Forced Air-Duc
Roof Cover
Asph/F Gls/Cmp
Heating fuel
Oil
Frame type
Air Condition (%)
Sidings
Wood Shingle
Assessment Information
Fiscal Year
2024
Land Value
$305,600.00
Total value
$1,161,800.00
Building value
$852,800.00
Estimated tax
$2,962.00
Yard improvement value
$3,400.00
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Certified Mass Appraisal
Comparable Properties
Mailing Labels $Valuation Report
  • Total Appraisal
  • Building Appraisal
  • Land Appraisal
  • Last Sale Price
  • Net Living Area
  • Number of Bedrooms
  • Lot Size
  • Year Built
Address 55 Tower Lane Photo Plan Map Proximity Last Sold Price Net Living Area Stories Sale Price/sft $3.91 Style Ranch Age 1990 Rooms 5 Bedrooms 3 Full baths 2 Half baths 0 Gross Living Area 3892 Heating Fuel Oil Detached Garage Lot Size 0.21 Roof Cover Asph/F Gls/Cmp AEM Value - Building $852,800.00 AEM Value - Land $305,600.00 AEM Value - Other $3,400.00 AEM Value - Total $1,161,800.00
A) 11 Anthiers Way 0.2 7/15/2024 $1,300,000 2,096 1 $620.23 Ranch 1968 7 4 2 0 3970 Oil 1.1 Asph/F Gls/Cmp $855,300 $354,600 $46,800 $1,256,700
B) 19 Duncan Close 1.0 6/27/2024 $1,725,000 1,722 1.75 $1001.74 Colonial 1984 5 3 2 0 4202 Gas 0.63 Asph/F Gls/Cmp $540,200 $238,100 $1,700 $780,000
C) 64 Jernegan Pond Road 1.0 6/4/2024 $1,300,000 1,637 1.5 $794.14 Cape Cod 1991 4 1 2 1 4700 Gas 1.4 Asph/F Gls/Cmp $878,100 $347,900 $46,800 $1,272,800
# Address Last Sold Sale Price Dist(m) Style LA (sq ft) Lot(ac) BR F-HB
@ 55 Tower Lane 4/25/1989 $7,000 0 Ranch 1,788 0.21 3 2-0 -
  Criteria
A 11 Anthiers Way 7/15/2024 $1,300,000 0.2 Ranch 2,096 1.1 4 2-0
B 19 Duncan Close 6/27/2024 $1,725,000 1.0 Colonial 1,722 0.63 3 2-0
C 64 Jernegan Pond Road 6/4/2024 $1,300,000 1.0 Cape Cod 1,637 1.4 1 2-1
Averages 86 days $1,441,667 0.73 --- 1,818 1.04 --- ---  

Estimation of Market Value - $1,467,954

As of today, 09/19/2024, the estimated market value of 55 Tower Lane, Edgartown considering the above 3 comparable properties is $1,467,954.

 

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
  • Total Appraisal
  • Building Appraisal
  • Land Appraisal
  • Last Sale Price
  • Net Living Area
  • Number of Bedrooms
  • Lot Size
  • Year Built
# Address Last Sold Sale Price Dist(m) Style LA (sq ft) Lot(ac) BR F-HB
@ 55 Tower Lane 4/25/1989 $7,000 0 Ranch 1,788 0.21 3 2-0 -
  Criteria
A 58 Nineteenth Street North 11/18/1998 $1,250 0.0 Vacant Land 0.07 -
B 56 Nineteenth Street North 7/9/2020 $1 0.0 Vacant Land 0.07 -
C 45 Tower Lane 7/2/2019 $595,000 0.0 Colonial 1,440 0.48 2 1-0
D 50 Nineteenth Street North 7/9/2020 $1 0.0 Cape Cod 1,388 0.41 4 2-0
E 65 Tower Lane 10/7/2022 $915,000 0.0 Bungalow 1,232 0.9 3 3-0
F 62 Tower Lane 5/12/2008 $500,000 0.0 Cape Cod 1,462 0.21 2 2-0
G 56 Tower Lane 1/9/1997 $55,000 0.0 Ranch 1,590 0.69 3 2-0
H 73 Tower Lane 1/17/1997 $3,275 0.0 Vacant Land 0.14 -
I 68 Tower Lane 9/14/2022 $1,650,000 0.0 Standard Plus 1,686 0.34 3 2-0
J 61 Seventeenth Street North 4/18/2003 $70,000 0.0 Colonial 1,536 0.14 3 2-0
K 42 Nineteenth Street North 12/17/1991 $8,802 0.0 Vacant Land 0.14 -
L 63 Seventeenth Street North 5/12/2008 $500,000 0.0 Vacant Land 0.07 -
M 65 Nineteenth Street North 4/20/2017 $575,000 0.1 Colonial 1,450 0.14 2 1-1
N 57 Nineteenth Street North 12/18/2008 $615,000 0.1 Colonial 2,556 0.41 2 2-1
O 53 Nineteenth Street North 6/1/1978 $0 0.1 Vacant Land 0.14 -
P 40 Nineteenth Street North 4/8/1966 $0 0.1 Vacant Land 0.07 -
Q 69 Seventeenth Street North 9/14/2022 $1,650,000 0.1 Vacant Land 0.34 -
R 49 Nineteenth Street North 12/18/2017 $805,000 0.1 Colonial 2,128 0.28 3 2-0
S 37 Tower Lane 1/13/1987 $5,700 0.1 Vacant Land 0.07 -
T 61 Nineteenth Street North 1/31/2011 $1 0.1 Cape Cod 2,088 0.41 2 2-1
U 69 Nineteenth Street North 12/17/1975 $0 0.1 Vacant Land 0.21 -
V 38 Nineteenth Street North 1/13/1987 $5,700 0.1 Vacant Land 0.07 -
W 41 Nineteenth Street North 10/3/2018 $450,000 0.1 Ranch 986 0.41 2 1-0
X 36 Nineteenth Street North 5/18/2001 $3,200 0.1 Vacant Land 0.07 -
Y 35 Tower Lane 2/25/1982 $0 0.1 Vacant Land 0.14 -
Z 38 The Boulevard 6/30/2006 $1 0.1 Standard Basic 1,741 0.78 3 2-0
- 46 Twentieth Street North 9/12/1995 $1,300 0.1 Vacant Land 0.07 -
- 32 Nineteenth Street North 5/18/2001 $3,200 0.1 Vacant Land 0.07 -
- 70 Twentieth Street North 3/8/1947 $0 0.1 Vacant Land 0.14 -
- 78 Tower Lane 12/31/2009 $1 0.1 Ranch 801 0.69 2 2-0
- 66 Seventeenth Street North 4/24/1964 $0 0.1 Ranch 768 0.41 2 1-0
- 72 Twentieth Street North 1/13/1987 $8,350 0.1 Vacant Land 0.07 -
- 40 Twentieth Street North 1/18/2018 $535,000 0.1 Cape Cod 1,176 0.34 3 2-0
- 72 Seventeenth Street North 11/4/2022 $49,000 0.1 Vacant Land 0.07 -
- 57 Weeks Lane 1/14/2003 $1 0.1 Ranch 1,056 0.55 4 2-0
- 33 Nineteenth Street North 7/15/2003 $209,000 0.1 Ranch 1,300 0.14 3 2-0
- 29 Tower Lane 5/1/2006 $1 0.1 Vacant Land 0.21 -
- 42 The Boulevard 7/22/2014 $635,000 0.1 Ranch 1,528 0.31 2 2-0
- 76 Seventeenth Street North 12/27/2018 $236,000 0.1 Cape Cod 952 0.14 2 2-
- 30 Nineteenth Street North 2/3/1986 $1 0.1 Vacant Land 0.21 -
- 81 Nineteenth Street North 2/22/1984 $1 0.1 Vacant Land 0.14 -
- 49 Weeks Lane 11/18/2020 $1 0.1 Ranch 1,008 0.55 2 2-0
- 30 The Boulevard 4/20/2021 $100 0.1 Colonial 1,840 0.68 2 2-0
- 78 Seventeenth Street North 6/24/2002 $5,000 0.1 Vacant Land 0.07 -
- 59 Twentieth Street North 12/9/1966 $0 0.1 Vacant Land 0.48 -
- 29 Nineteenth Street North 10/16/2019 $475,000 0.1 Cape Cod 1,547 0.14 2 1-1
- 49 Twentieth Street North 1/13/1987 $12,000 0.1 Vacant Land 0.14 -
- 34 Twentieth Street North 7/15/2003 $209,000 0.1 Vacant Land 0.07 -
- 63 Weeks Lane 9/23/2009 $18,200 0.1 Vacant Land 0.07 -
- 47 Twentieth Street North 9/12/1995 $1,510 0.1 Vacant Land 0.07 -
- 80 Seventeenth Street North 8/30/2002 $5,000 0.1 Outbuildings 0.07 -
- 65 Weeks Lane 12/13/2002 $340,000 0.1 Ranch 1,056 0.21 2 1-0
- 25 Tower Lane 8/8/2013 $1 0.1 Vacant Land 0.07 -
- 46 The Boulevard 11/6/1981 $3,000 0.1 Vacant Land 0.25 -
- 45 Twentieth Street North 9/17/2004 $1 0.1 Vacant Land 0.14 -
- 26 Nineteenth Street North 7/8/2002 $1 0.1 Vacant Land 0.07 -
- 67 Twentieth Street North 5/24/1904 $0 0.1 Vacant Land 0.07 -
- 82 Seventeenth Street North 9/4/2003 $1 0.1 Vacant Land 0.07 -
- 71 Weeks Lane 4/9/2021 $1 0.1 Camp 657 0.14 2 1-0
- 30 Twentieth Street North 1/13/1987 $12,000 0.1 Vacant Land 0.14 -
- 28 Tower Lane 6/16/1988 $0 0.1 Ranch 1,408 0.55 3 2-0
- 87 Seventeenth Street North 9/19/1991 $3,500 0.1 Vacant Land 0.14 -
- 27 Nineteenth Street North 12/17/1991 $8,802 0.1 Vacant Land 0.07 -
- 69 Twentieth Street North 2/22/2006 $1 0.1 Vacant Land 0.14 -
- 37 Weeks Lane 6/13/2011 $1 0.1 Cape Cod 2,362 0.76 3 2-0
- 88 Seventeenth Street North 4/9/2001 $50,000 0.1 Vacant Land 0.21 -
- 25 Nineteenth Street North 6/1/1978 $0 0.1 Vacant Land 0.07 -
- 37 Twentieth Street North 5/20/1991 $1 0.1 Vacant Land 0.07 -
- 77 Weeks Lane 4/9/2021 $1 0.1 Vacant Land 0.14 -
- 52 The Boulevard 5/23/2023 $269,334 0.1 Vacant Land 0.15 -
- 54 Twenty First Street North 11/22/2013 $1 0.1 Ranch 912 0.34 2 1-0
- 38 Twenty First Street North 5/31/2018 $455,000 0.1 Ranch 696 0.34 2 1-0
- 24 The Boulevard 3/15/2024 $925,000 0.1 Camp 480 0.37 1 1-0
- 60 Twenty First Street North 12/17/1991 $8,802 0.1 Vacant Land 0.14 -
- 19 Tower Lane 2/1/1990 $164,000 0.1 Colonial 1,472 0.34 3 2-0
- 30 Seventeenth Street North 2/28/2012 $1 0.1 Vacant Land 0.24 -
- 83 Weeks Lane 4/1/2002 $30,000 0.1 Colonial 1,872 0.21 2 2-0
- 46 Twenty First Street North 9/17/2004 $1 0.1 Ranch 864 0.14 3 1-0
- 64 Twenty First Street North 1/17/1980 $1,975 0.1 Vacant Land 0.14 -
- 16 Nineteenth Street North 3/30/1990 $138,000 0.1 Ranch 1,716 0.34 3 2-0
- 20 Twentieth Street North 5/11/2018 $300,000 0.1 Ranch 672 0.48 1 1-0
- 35 The Boulevard 6/1/1978 $0 0.1 Vacant Land 0.83 -
- 0 Twenty First Street North 1/17/1997 $3,275 0.1 Vacant Land 0.07 -
- 60 Weeks Lane 5/11/2017 $40,000 0.1 Colonial 1,872 0.28 3 2-1
- 90 Seventeenth Street North 5/23/2023 $269,334 0.1 Ranch 510 0.14 2 1-0
- 0 Twenty First Street North 1/17/1997 $3,275 0.1 Vacant Land 0.07 -
- 49 The Boulevard 9/2/2004 $1 0.1 Camp 774 0.66 2 1-0
- 31 The Boulevard 6/12/2015 $1,300,000 0.1 Cape Cod 1,164 0.17 3 2-0
- 23 Twentieth Street North 11/5/1993 $110,000 0.1 Ranch 896 0.55 3 1-0
- 0 Twenty First Street North 1/17/1997 $3,275 0.1 Vacant Land 0.14 -
- 70 Weeks Lane 10/13/1966 $0 0.1 Vacant Land 0.14 -
- 87 Weeks Lane 4/9/2001 $50,000 0.1 Standard Basic 924 0.14 2 1-0
- 48 Weeks Lane 2/10/2022 $827,500 0.1 Cape Cod 1,176 0.48 3 1-0
- 20 Tower Lane 12/4/2002 $525,000 0.1 Standard Plus 2,046 0.69 3 2-0
- 34 Twenty First Street North 12/12/2002 $1 0.1 Vacant Land 0.21 -
- 27 The Boulevard 11/8/2012 $1 0.1 Bungalow 990 0.36 4 2-0
- 74 Twenty First Street North 1/17/1980 $1,975 0.1 Vacant Land 0.07 -
- 76 Weeks Lane 8/16/2017 $203,000 0.1 Cape Cod 1,638 0.14 2 2-
- 29 Weeks Lane 2/28/2012 $1 0.1 Ranch 816 0.24 2 1-0
- 76 Twenty First Street North 8/8/2013 $1 0.1 Vacant Land 0.07 -
- 65 Anthiers Way 2/28/2020 $890,000 0.1 Cape Cod 2,178 0.69 3 2-1
- 23 The Boulevard 9/30/1997 $233,500 0.1 Standard Basic 1,338 0.2 3 1-0
Averages 8549 days $176,276 0.09 --- 625 0.25 --- ---  
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
12 B 23 55 Tower Lane