50 Gaines Way, Edgartown, MA 02539

50 Gaines Way Edgartown MA 02539
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Owner Information
Owner 1
George Bean & Jane Riskin
Owner 2
Owner's Address
C/O Rjs Corp, 61 Willett St STE 8 Passaic, NJ 07055
Market Sale Information
Most recent sale date
9/27/2013
Previous sale date
4/4/2005
Transfer document #
1330-0676
Previous transfer document
1036-0528
Grantor
Katherine Saltonstall Atchley
Previous grantor
Barbara Payne Atchley
Most recent sale price
$2,788,875.00
Previous sale price
$1.00
Site Information
Property ID
20-B-97
Lot Size
0.58
Use Code
101 - Residential, single family
Zoning
R5
Building Style
Custom
Number of Rooms
Stories
2
Number of Beds
5
Year Built
2014
Number of full baths
4
Condition
Number of half baths
1
Finished Area
3340
Number of Kitchen
Gross Living Area
6443
Number of Fireplaces
Bsmnt floot
Number of parking
Interior walls
Plastered
Floor type
Hardwood
Solar Hot Water
No
Roof Structure
Gable/Hip
Heating type
Forced Air-Duc
Roof Cover
Asph/F Gls/Cmp
Heating fuel
Gas
Frame type
Air Condition (%)
Sidings
Wood Shingle
Assessment Information
Fiscal Year
2024
Land Value
$2,881,200.00
Total value
$5,618,700.00
Building value
$2,667,400.00
Estimated tax
$14,327.00
Yard improvement value
$70,100.00
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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 50 Gaines Way Photo Plan Map Proximity Last Sold Price Net Living Area Stories Sale Price/sft $834.99 Style Custom Age 2014 Rooms Bedrooms 5 Full baths 4 Half baths 1 Gross Living Area 6443 Heating Fuel Gas Detached Garage Lot Size 0.58 Roof Cover Asph/F Gls/Cmp AEM Value - Building $2,667,400.00 AEM Value - Land $2,881,200.00 AEM Value - Other $70,100.00 AEM Value - Total $5,618,700.00
A) 40 Gaines Way 0.0 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
B) 62 South Water Street 0.6 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
C) 109 School Street 0.8 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
# Address Last Sold Sale Price Dist(m) Style LA (sq ft) Lot(ac) BR F-HB
@ 50 Gaines Way 9/27/2013 $2,788,875 0 Custom 3,340 0.58 5 4-1 -
  Criteria
A 40 Gaines Way 9/5/2024 $9,523,000 0.0 Custom 3,038 0.46 4 4-0
B 62 South Water Street 5/3/2024 $4,500,000 0.6 Historical Custom 2,807 0.13 4 4-1
C 109 School Street 4/9/2024 $3,800,000 0.8 Custom 3,193 0.17 6 4-0
Averages 106 days $5,941,000 0.49 --- 3,013 0.25 --- ---  

Estimation of Market Value - $7,263,552

As of today, 09/19/2024, the estimated market value of 50 Gaines Way, Edgartown considering the above 3 comparable properties is $7,263,552.

 

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
@ 50 Gaines Way 9/27/2013 $2,788,875 0 Custom 3,340 0.58 5 4-1 -
  Criteria
A 44 Gaines Way 4/5/2010 $4,392,500 0.0 Custom 3,887 0.43 5 4-3
B 1 Ox Pond Meadow 12/28/2000 $1 0.0 Colonial 2,412 1.1 4 4-0
C 40 Gaines Way 9/5/2024 $9,523,000 0.0 Custom 3,038 0.46 4 4-0
D 72 Fuller Street 9/27/2013 $1,373,625 0.0 Outbuildings 0.3 -
E 74 Fuller Street 12/24/2012 $1 0.0 Custom 2,077 0.3 3 4-0
F 0 Orr Lane $0 0.0 Vacant Land 3.7 -
G 76 Fuller Street 12/24/2012 $1 0.0 Custom 0.29 3 3-0
H 66 Fuller Street 8/19/2009 $1 0.0 Cape Cod 1,428 0.38 2 2-0
I 34 Gaines Way 5/3/1979 $55,000 0.1 Modern/Contemporary 3,712 0.39 5 5-0
J 60 Fuller Street 1/13/1984 $285,000 0.1 Cape Cod 2,115 0.38 2 4-0
K 6 Ox Pond Meadow 4/26/1994 $1 0.1 Vacant Land 0.4 -
L 82 Fuller Street 4/4/2016 $1 0.1 Estate 3,592 0.61 4 3-0
M 4 Ox Pond Meadow 9/21/1988 $0 0.1 Standard Plus 1,646 0.59 4 2-0
N 28 Gaines Way 12/31/2009 $1 0.1 Custom 1,896 0.51 3 2-1
O 2 Ox Pond Meadow 12/27/2010 $1 0.1 Custom 7,421 0.2 6 7-1
P 18 Starbuck Neck Road 7/21/2022 $1 0.1 Estate 0.45 6 6-1
Q 63 Fuller Street 10/31/2016 $2,950,000 0.1 Job Shop(s) 0.34 3 2-
R 52 Fuller Street 3/15/2022 $10 0.1 Historical Custom 5,115 0.23 4 4-2
S 20 Orr Lane 1/25/2021 $9,500,000 0.1 Custom 4,444 1.22 4 3-0
T 4 North Spyglass Lane 6/28/2018 $8,000,000 0.1 Custom 5,956 0.55 5 7-1
U 125 Peases Point Way North 4/17/2020 $1 0.1 Custom 2,854 0.44 5 4-0
V 26 Orr Lane 1/25/2021 $5,500,000 0.1 Standard Basic 394 1.13 2 1-0
W 14 Starbuck Neck Road 6/7/2013 $1 0.1 Estate 6,726 0.34 5 4-2
X 21 Starbuck Neck Road 10/30/1996 $2,450,000 0.1 Estate 5,670 0.95 6 6-1
Y 94 Fuller Street 8/9/2001 $1 0.1 Custom 4,791 0.62 5 8-1
Z 23 Thayer Street 10/14/2014 $2,900,000 0.1 Outbuildings 0.38 -
- 7 North Spyglass Lane 1/16/2008 $1 0.1 Custom 2,004 0.28 3 2-0
- 2 North Spyglass Lane 6/28/2018 $8,000,000 0.1 Vacant Land 0.29 -
- 2 Tuthill Lane 12/4/1995 $500,000 0.1 Vacant Land 1.28 -
- 14 Thayer Street 12/22/2015 $1 0.1 Historical Custom 3,154 0.62 5 4-1
- 15 Gaines Way 2/12/2001 $9,000,000 0.1 Custom 6,917 1.96 5 6-2
- 15 Starbuck Neck Road 12/31/2002 $1 0.1 Estate 4,299 0.74 5 4-0
- 45 Fuller Street 4/15/2014 $1,825,000 0.1 Custom 4,606 0.41 5 5-1
Averages 5663 days $2,007,702 0.08 --- 2,732 0.67 --- ---  
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
20 B 97 50 Gaines Way