117 North Water Street, Edgartown, MA 02539

117 North Water Street Edgartown MA 02539
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Owner Information
Owner 1
Martha P Gendell
Owner 2
Owner's Address
9 Perkins Rd Greenwich, CT 06830
Market Sale Information
Most recent sale date
10/29/2021
Previous sale date
10/28/2021
Transfer document #
1601-308
Previous transfer document
1601-159
Grantor
Jeffrey L Gendell
Previous grantor
Sean E Murphy
Most recent sale price
$1.00
Previous sale price
$1.00
Site Information
Property ID
19-B-5-2
Lot Size
0.34
Use Code
101 - Residential, single family
Zoning
R5
Building Style
Historical Custom
Number of Rooms
9
Stories
2
Number of Beds
5
Year Built
1998
Number of full baths
3
Condition
Number of half baths
1
Finished Area
2957
Number of Kitchen
Gross Living Area
7980
Number of Fireplaces
Bsmnt floot
Number of parking
Interior walls
Plastered
Floor type
Hardwood
Solar Hot Water
No
Roof Structure
Gable/Hip
Heating type
Hot Water
Roof Cover
Wood Shingle
Heating fuel
Gas
Frame type
Air Condition (%)
Sidings
Wood Shingle
Assessment Information
Fiscal Year
2024
Land Value
$8,509,900.00
Total value
$10,272,700.00
Building value
$1,675,800.00
Estimated tax
$26,195.00
Yard improvement value
$87,000.00
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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 117 North Water Street Photo Plan Map Proximity Last Sold Price Net Living Area Stories Sale Price/sft $0.00 Style Historical Custom Age 1998 Rooms 9 Bedrooms 5 Full baths 3 Half baths 1 Gross Living Area 7980 Heating Fuel Gas Detached Garage Lot Size 0.34 Roof Cover Wood Shingle AEM Value - Building $1,675,800.00 AEM Value - Land $8,509,900.00 AEM Value - Other $87,000.00 AEM Value - Total $10,272,700.00
A) 26 Morse Street 0.2 8/1/2024 $3,800,000 2,408 2 $1578.07 Historical Custom 1840 8 4 2 1 2746 Oil 0.18 Asph/F Gls/Cmp $1,647,800 $1,676,000 $6,600 $3,330,400
B) 40 Gaines Way 0.3 9/5/2024 $9,523,000 3,038 2 $3134.63 Custom 1955 7 4 4 0 3898 Electric 0.46 Wood Shingle $1,339,300 $4,740,000 $4,100 $6,083,400
C) 62 South Water Street 0.5 5/3/2024 $4,500,000 2,807 2 $1603.14 Historical Custom 1825 9 4 4 1 3710 Gas 0.13 Wood Shingle $1,846,400 $1,958,500 $10,900 $3,815,800
D) 109 School Street 0.7 4/9/2024 $3,800,000 3,193 1.75 $1190.10 Custom 1900 6 4 0 4453 Oil 0.17 Asph/F Gls/Cmp $1,642,100 $1,061,900 $8,200 $2,712,200
E) 17 Lenssen Way 1.0 4/8/2024 $3,840,000 2,300 1.75 $1669.57 Standard Plus 2001 8 3 4 0 4709 Gas 2.01 Wood Shingle $1,366,900 $1,779,700 $8,200 $3,154,800
# Address Last Sold Sale Price Dist(m) Style LA (sq ft) Lot(ac) BR F-HB
@ 117 North Water Street 10/29/2021 $1 0 Historical Custom 2,957 0.34 5 3-1 -
  Criteria
A 26 Morse Street 8/1/2024 $3,800,000 0.2 Historical Custom 2,408 0.18 4 2-1
B 40 Gaines Way 9/5/2024 $9,523,000 0.3 Custom 3,038 0.46 4 4-0
C 62 South Water Street 5/3/2024 $4,500,000 0.5 Historical Custom 2,807 0.13 4 4-1
D 109 School Street 4/9/2024 $3,800,000 0.7 Custom 3,193 0.17 6 4-0
E 17 Lenssen Way 4/8/2024 $3,840,000 1.0 Standard Plus 2,300 2.01 3 4-0
Averages 106 days $5,092,600 0.53 --- 2,749 0.59 --- ---  

Estimation of Market Value - $9,587,463

As of today, 09/19/2024, the estimated market value of 117 North Water Street, Edgartown considering the above 5 comparable properties is $9,587,463.

 

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
@ 117 North Water Street 10/29/2021 $1 0 Historical Custom 2,957 0.34 5 3-1 -
  Criteria
A 115 North Water Street 10/29/2021 $1 0.0 Historical Custom 3,402 0.33 4 4-1
B 119 North Water Street 4/10/2023 $12,600,000 0.0 Historical Custom 2,079 0.37 3 3-0
C 123 North Water Street 10/10/2008 $1 0.0 Custom 2,072 0.3 5 5-0
D 0 North Water Street 7/20/1953 $0 0.0 Vacant Land 0.09 -
E 111 North Water Street 3/22/2017 $1 0.0 Historical Custom 3,096 0.5 5 3-1
F 109 North Water Street 5/18/1990 $1 0.0 Bungalow 882 0.3 2 1-0
G 107 North Water Street 1/30/2018 $1 0.0 Outbuildings 0.22 -
H 127 North Water Street 3/21/1984 $1 0.1 Vacant Land 3.01 -
I 122 North Water Street 10/5/2012 $1 0.1 Historical Custom 4,574 0.23 5 4-0
J 118 North Water Street 3/6/2013 $1 0.1 Historical Custom 3,282 0.37 5 3-1
K 124 North Water Street 8/21/2020 $1 0.1 Historical Custom 0.3 5 6-1
L 128 North Water Street 5/20/1987 $1 0.1 Historical Custom 1,958 0.3 3 3-1
M 105 North Water Street 9/29/2006 $6,500,000 0.1 Standard Plus 1,503 0.19 2 2-0
N 114 North Water Street 6/30/2021 $6,050,000 0.1 Historical Custom 3,222 0.33 5 3-1
O 101 North Water Street 4/29/1999 $2,550,000 0.1 Standard Plus 2,514 0.22 4 3-0
P 99 North Water Street 1/6/2005 $6,300,000 0.1 Ranch 1,760 0.21 3 2-0
Q 104 North Water Street 5/13/1998 $2,300,000 0.1 Historical Custom 5,135 0.27 6 3-0
R 116 North Water Street 12/28/2018 $1 0.1 Colonial 1,511 0.74 4 3-0
S 108 North Water Street 1/30/2018 $1 0.1 Historical Custom 4,614 0.32 4 2-1
T 110 North Water Street 6/16/2020 $1 0.1 Historical Custom 3,540 0.66 5 3-0
U 102 North Water Street 5/13/1998 $1 0.1 Custom 675 0.39 1 1-0
V 93 North Water Street 2/22/2007 $9,300,000 0.1 Custom 1,334 0.25 2 1-2
W 100 North Water Street 11/3/1976 $0 0.1 Historical Custom 4,038 0.21 5 4-0
X 112 North Water Street 12/28/2018 $1 0.1 Custom 468 0.13 1 1-0
Y 131 North Water Street 1/12/2018 $30,000,000 0.1 Hotel 4.39 0-
Z 131 North Water Street Unit 20-20A 12/26/2021 $1,800,000 0.1 Hotel Condo 957 0 2 2-2
- 131 North Water Street Unit 52 1/12/2018 $30,000,000 0.1 Hotel Condo 862 0 3 3-3
- 131 North Water Street Unit 61 7/6/2021 $100 0.1 Hotel Condo 895 0 2 2-2
- 131 North Water Street Unit 62 1/12/2018 $30,000,000 0.1 Hotel Condo 895 0 2 2-2
- 131 North Water Street Unit 91-91A 7/2/2024 $1,500,000 0.1 Hotel Condo 678 0 2 2-2
- 131 North Water Street Unit 92-92A 8/16/2016 $1 0.1 Hotel Condo 761 0 2 2-2
- 131 North Water Street Unit 93 7/3/2017 $789,000 0.1 Hotel Condo 679 0 2 2-2
- 131 North Water Street Unit 94 1/12/2018 $30,000,000 0.1 Hotel Condo 730 0 2 2-2
- 131 North Water Street Unit 95 9/23/2019 $10 0.1 Hotel Condo 435 0 2 2-2
- 131 North Water Street Unit 96 1/12/2018 $30,000,000 0.1 Hotel Condo 1,061 0 2 2-2
- 131 North Water Street Unit 21 4/2/2024 $1,100,000 0.1 Hotel Condo 514 0 2 2-2
- 131 North Water Street Unit 22-22A 1/12/2018 $30,000,000 0.1 Hotel Condo 960 0 2 2-2
- 131 North Water Street Unit 23 10/19/2017 $647,500 0.1 Hotel Condo 515 0 1 1-1
- 131 North Water Street Unit 24-24A 4/13/2018 $2,500,000 0.1 Hotel Condo 1,473 0 2 2-2
- 131 North Water Street Unit 31-31A 12/5/2021 $2,250,000 0.1 Hotel Condo 1,195 0 2 2-2
- 131 North Water Street Unit 32 9/13/2013 $3,056,050 0.1 Hotel Condo 1,063 0 2 2-2
- 131 North Water Street Unit 33 9/13/2013 $3,056,050 0.1 Hotel Condo 1,045 0 2 2-2
- 131 North Water Street Unit 51 7/31/2023 $1,850,000 0.1 Hotel Condo 862 0 2 2-2
- 1 Starbuck Neck Road 10/11/2001 $21,892,500 0.1 Estate 2.6 8 8-3
- 91 North Water Street 11/20/2020 $100 0.1 Historical Custom 1,914 0.33 3 3-1
- 94 North Water Street 5/19/1975 $0 0.1 Historical Custom 2,546 0.19 3 2-0
- 19 Cottage Street 12/28/2012 $1 0.1 Custom 3,860 0.12 4 5-0
- 21 Cottage Street 8/11/2021 $10 0.1 Historical Custom 2,403 0.21 4 2-1
- 87 North Water Street 2/13/2020 $10 0.1 Historical Custom 4,976 0.26 7 3-0
Averages 4876 days $5,429,415 0.09 --- 1,693 0.37 --- ---  
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
19 B 5 2 117 North Water Street