34 Gaines Way, Edgartown, MA 02539

Owner Information
Owner 1
Eugene J Courtney
Owner 2
Owner's Address
Box 266 Edgartown, MA 02539
Market Sale Information
Most recent sale date
5/3/1979
Previous sale date
Transfer document #
00365-0656
Previous transfer document
Grantor
William H Nelson
Previous grantor
Most recent sale price
$55,000.00
Previous sale price
$0.00
Site Information
Property ID
20-B-99
Lot Size
0.39
Use Code
101 - Residential, single family
Zoning
R5
Building Style
Modern/Contemporary
Number of Rooms
9
Stories
2
Number of Beds
5
Year Built
1979
Number of full baths
5
Condition
Number of half baths
0
Finished Area
3712
Number of Kitchen
Gross Living Area
6368
Number of Fireplaces
Bsmnt floot
Number of parking
Interior walls
Drywall/Sheet
Floor type
Hardwood
Solar Hot Water
No
Roof Structure
Gable/Hip
Heating type
Hot Water
Roof Cover
Asph/F Gls/Cmp
Heating fuel
Oil
Frame type
Air Condition (%)
Sidings
Wood Shingle
Assessment Information
Fiscal Year
2024
Land Value
$4,702,300.00
Total value
$6,030,600.00
Building value
$1,319,900.00
Estimated tax
$15,378.00
Yard improvement value
$8,400.00
Certified Mass Appraisal
Comparable Properties
  • Total Appraisal
  • Building Appraisal
  • Land Appraisal
  • Last Sale Price
  • Net Living Area
  • Number of Bedrooms
  • Lot Size
  • Year Built
Address 34 Gaines Way Photo Plan Map Proximity Last Sold Price Net Living Area Stories Sale Price/sft $14.82 Style Modern/Contemporary Age 1979 Rooms 9 Bedrooms 5 Full baths 5 Half baths 0 Gross Living Area 6368 Heating Fuel Oil Detached Garage Lot Size 0.39 Roof Cover Asph/F Gls/Cmp AEM Value - Building $1,319,900.00 AEM Value - Land $4,702,300.00 AEM Value - Other $8,400.00 AEM Value - Total $6,030,600.00
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 0.9 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
@ 34 Gaines Way 5/3/1979 $55,000 0 Modern/Contemporary 3,712 0.39 5 5-0 -
  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 0.9 Custom 3,193 0.17 6 4-0
Averages 106 days $5,941,000 0.52 --- 3,013 0.25 --- ---  

Estimation of Market Value - $7,921,403

As of today, 09/19/2024, the estimated market value of 34 Gaines Way, Edgartown considering the above 3 comparable properties is $7,921,403.

 

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
  • 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
@ 34 Gaines Way 5/3/1979 $55,000 0 Modern/Contemporary 3,712 0.39 5 5-0 -
  Criteria
A 28 Gaines Way 12/31/2009 $1 0.0 Custom 1,896 0.51 3 2-1
B 40 Gaines Way 9/5/2024 $9,523,000 0.0 Custom 3,038 0.46 4 4-0
C 44 Gaines Way 4/5/2010 $4,392,500 0.0 Custom 3,887 0.43 5 4-3
D 82 Fuller Street 4/4/2016 $1 0.0 Estate 3,592 0.61 4 3-0
E 76 Fuller Street 12/24/2012 $1 0.0 Custom 0.29 3 3-0
F 50 Gaines Way 9/27/2013 $2,788,875 0.1 Custom 3,340 0.58 5 4-1
G 74 Fuller Street 12/24/2012 $1 0.1 Custom 2,077 0.3 3 4-0
H 72 Fuller Street 9/27/2013 $1,373,625 0.1 Outbuildings 0.3 -
I 94 Fuller Street 8/9/2001 $1 0.1 Custom 4,791 0.62 5 8-1
J 15 Gaines Way 2/12/2001 $9,000,000 0.1 Custom 6,917 1.96 5 6-2
K 1 Ox Pond Meadow 12/28/2000 $1 0.1 Colonial 2,412 1.1 4 4-0
L 21 Starbuck Neck Road 10/30/1996 $2,450,000 0.1 Estate 5,670 0.95 6 6-1
M 66 Fuller Street 8/19/2009 $1 0.1 Cape Cod 1,428 0.38 2 2-0
N 0 Orr Lane $0 0.1 Vacant Land 3.7 -
O 18 Starbuck Neck Road 7/21/2022 $1 0.1 Estate 0.45 6 6-1
P 26 Orr Lane 1/25/2021 $5,500,000 0.1 Standard Basic 394 1.13 2 1-0
Q 60 Fuller Street 1/13/1984 $285,000 0.1 Cape Cod 2,115 0.38 2 4-0
R 20 Orr Lane 1/25/2021 $9,500,000 0.1 Custom 4,444 1.22 4 3-0
S 15 Starbuck Neck Road 12/31/2002 $1 0.1 Estate 4,299 0.74 5 4-0
T 14 Starbuck Neck Road 6/7/2013 $1 0.1 Estate 6,726 0.34 5 4-2
U 63 Fuller Street 10/31/2016 $2,950,000 0.1 Job Shop(s) 0.34 3 2-
V 6 Ox Pond Meadow 4/26/1994 $1 0.1 Vacant Land 0.4 -
W 0 Orr Lane 12/29/1989 $6,500 0.1 Vacant Land 3.7 -
X 4 Ox Pond Meadow 9/21/1988 $0 0.1 Standard Plus 1,646 0.59 4 2-0
Y 23 Thayer Street 10/14/2014 $2,900,000 0.1 Outbuildings 0.38 -
Z 2 Ox Pond Meadow 12/27/2010 $1 0.1 Custom 7,421 0.2 6 7-1
Averages 6025 days $1,948,827 0.08 --- 2,542 0.85 --- ---  
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 99 34 Gaines Way