40 Gaines Way, Edgartown, MA 02539

40 Gaines Way Edgartown MA 02539
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Owner Information
Owner 1
Robert D Moriarty
Owner 2
Little Beach Trust
Owner's Address
Pending Verification ,
Market Sale Information
Most recent sale date
9/5/2024
Previous sale date
5/10/2012
Transfer document #
85-324
Previous transfer document
1279-0727
Grantor
Gaines View LLC
Previous grantor
John W Eden
Most recent sale price
$9,523,000.00
Previous sale price
$3,375,000.00
Site Information
Property ID
20-B-98-2
Lot Size
0.46
Use Code
101 - Residential, single family
Zoning
R5
Building Style
Custom
Number of Rooms
7
Stories
2
Number of Beds
4
Year Built
1955
Number of full baths
4
Condition
Number of half baths
0
Finished Area
3038
Number of Kitchen
Gross Living Area
3898
Number of Fireplaces
Bsmnt floot
Number of parking
Interior walls
Plastered
Floor type
Hardwood
Solar Hot Water
No
Roof Structure
Gable/Hip
Heating type
Electr Basebrd
Roof Cover
Wood Shingle
Heating fuel
Electric
Frame type
Air Condition (%)
Sidings
Wood Shingle
Assessment Information
Fiscal Year
2024
Land Value
$4,740,000.00
Total value
$6,083,400.00
Building value
$1,339,300.00
Estimated tax
$15,512.00
Yard improvement value
$4,100.00
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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 40 Gaines Way Photo Plan Map Proximity Last Sold Price Net Living Area Stories Sale Price/sft $3,134.63 Style Custom Age 1955 Rooms 7 Bedrooms 4 Full baths 4 Half baths 0 Gross Living Area 3898 Heating Fuel Electric Detached Garage Lot Size 0.46 Roof Cover Wood Shingle AEM Value - Building $1,339,300.00 AEM Value - Land $4,740,000.00 AEM Value - Other $4,100.00 AEM Value - Total $6,083,400.00
A) 26 Morse Street 0.3 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) 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) 17 Lenssen Way 0.8 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
D) 109 School Street 0.9 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
@ 40 Gaines Way 9/5/2024 $9,523,000 0 Custom 3,038 0.46 4 4-0 -
  Criteria
A 26 Morse Street 8/1/2024 $3,800,000 0.3 Historical Custom 2,408 0.18 4 2-1
B 62 South Water Street 5/3/2024 $4,500,000 0.6 Historical Custom 2,807 0.13 4 4-1
C 17 Lenssen Way 4/8/2024 $3,840,000 0.8 Standard Plus 2,300 2.01 3 4-0
D 109 School Street 4/9/2024 $3,800,000 0.9 Custom 3,193 0.17 6 4-0
Averages 129 days $3,985,000 0.67 --- 2,677 0.62 --- ---  

Estimation of Market Value - $5,987,003

As of today, 09/19/2024, the estimated market value of 40 Gaines Way, Edgartown considering the above 4 comparable properties is $5,987,003.

 

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
@ 40 Gaines Way 9/5/2024 $9,523,000 0 Custom 3,038 0.46 4 4-0 -
  Criteria
A 44 Gaines Way 4/5/2010 $4,392,500 0.0 Custom 3,887 0.43 5 4-3
B 34 Gaines Way 5/3/1979 $55,000 0.0 Modern/Contemporary 3,712 0.39 5 5-0
C 28 Gaines Way 12/31/2009 $1 0.0 Custom 1,896 0.51 3 2-1
D 50 Gaines Way 9/27/2013 $2,788,875 0.0 Custom 3,340 0.58 5 4-1
E 76 Fuller Street 12/24/2012 $1 0.0 Custom 0.29 3 3-0
F 82 Fuller Street 4/4/2016 $1 0.0 Estate 3,592 0.61 4 3-0
G 74 Fuller Street 12/24/2012 $1 0.0 Custom 2,077 0.3 3 4-0
H 72 Fuller Street 9/27/2013 $1,373,625 0.0 Outbuildings 0.3 -
I 1 Ox Pond Meadow 12/28/2000 $1 0.1 Colonial 2,412 1.1 4 4-0
J 66 Fuller Street 8/19/2009 $1 0.1 Cape Cod 1,428 0.38 2 2-0
K 0 Orr Lane $0 0.1 Vacant Land 3.7 -
L 94 Fuller Street 8/9/2001 $1 0.1 Custom 4,791 0.62 5 8-1
M 18 Starbuck Neck Road 7/21/2022 $1 0.1 Estate 0.45 6 6-1
N 21 Starbuck Neck Road 10/30/1996 $2,450,000 0.1 Estate 5,670 0.95 6 6-1
O 60 Fuller Street 1/13/1984 $285,000 0.1 Cape Cod 2,115 0.38 2 4-0
P 15 Gaines Way 2/12/2001 $9,000,000 0.1 Custom 6,917 1.96 5 6-2
Q 6 Ox Pond Meadow 4/26/1994 $1 0.1 Vacant Land 0.4 -
R 20 Orr Lane 1/25/2021 $9,500,000 0.1 Custom 4,444 1.22 4 3-0
S 26 Orr Lane 1/25/2021 $5,500,000 0.1 Standard Basic 394 1.13 2 1-0
T 63 Fuller Street 10/31/2016 $2,950,000 0.1 Job Shop(s) 0.34 3 2-
U 4 Ox Pond Meadow 9/21/1988 $0 0.1 Standard Plus 1,646 0.59 4 2-0
V 14 Starbuck Neck Road 6/7/2013 $1 0.1 Estate 6,726 0.34 5 4-2
W 2 Ox Pond Meadow 12/27/2010 $1 0.1 Custom 7,421 0.2 6 7-1
X 15 Starbuck Neck Road 12/31/2002 $1 0.1 Estate 4,299 0.74 5 4-0
Y 23 Thayer Street 10/14/2014 $2,900,000 0.1 Outbuildings 0.38 -
Z 52 Fuller Street 3/15/2022 $10 0.1 Historical Custom 5,115 0.23 4 4-2
- 4 North Spyglass Lane 6/28/2018 $8,000,000 0.1 Custom 5,956 0.55 5 7-1
- 0 Orr Lane 12/29/1989 $6,500 0.1 Vacant Land 3.7 -
Averages 6310 days $1,757,197 0.08 --- 2,780 0.81 --- ---  
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 98 2 40 Gaines Way