53 South Summer Street, Edgartown, MA 02539

53 South Summer Street Edgartown MA 02539
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Owner Information
Owner 1
Bobby S Merritt
Owner 2
Merritt Family Realty Trust
Owner's Address
100 Lakeshore Dr #256 North Palm Beach, FL 33408
Market Sale Information
Most recent sale date
5/8/2000
Previous sale date
12/17/1980
Transfer document #
0797-0388
Previous transfer document
00380-0092
Grantor
Bobby S Merritt
Previous grantor
Most recent sale price
$1.00
Previous sale price
$0.00
Site Information
Property ID
20-D-168
Lot Size
0.15
Use Code
101 - Residential, single family
Zoning
R5
Building Style
Historical Custom
Number of Rooms
8
Stories
2
Number of Beds
4
Year Built
1890
Number of full baths
5
Condition
Number of half baths
0
Finished Area
3939
Number of Kitchen
Gross Living Area
4818
Number of Fireplaces
Bsmnt floot
Number of parking
Interior walls
Plastered
Floor type
Pine/Soft Wood
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
Clapboard
Assessment Information
Fiscal Year
2023
Land Value
$1,641,700.00
Total value
$3,806,200.00
Building value
$2,164,500.00
Estimated tax
$9,591.00
Yard improvement value
$0.00
Flood Map MassMapper Google Street View
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 53 South Summer Street Photo Plan Map Proximity Last Sold Price Net Living Area Stories Sale Price/sft $0.00 Style Historical Custom Age 1890 Rooms 8 Bedrooms 4 Full baths 5 Half baths 0 Gross Living Area 4818 Heating Fuel Oil Detached Garage Lot Size 0.15 Roof Cover Asph/F Gls/Cmp AEM Value - Building $2,164,500.00 AEM Value - Land $1,641,700.00 AEM Value - Other $0.00 AEM Value - Total $3,806,200.00
A) 109 School Street 0.2 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 $1,594,800 $1,024,500 $0 $2,619,300
# Address Last Sold Sale Price Dist(m) Style LA (sq ft) Lot(ac) BR F-HB
@ 53 South Summer Street 5/8/2000 $1 0 Historical Custom 3,939 0.15 4 5-0 -
  Criteria
A 109 School Street 4/9/2024 $3,800,000 0.2 Custom 3,193 0.17 6 4-0
Averages 88 days $3,800,000 0.22 --- 3,193 0.17 --- ---  

Estimation of Market Value - $5,104,868

As of today, 07/05/2024, the estimated market value of 53 South Summer Street, Edgartown considering the above 1 comparable properties is $5,104,868.

 

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
@ 53 South Summer Street 5/8/2000 $1 0 Historical Custom 3,939 0.15 4 5-0 -
  Criteria
A 49 South Summer Street 6/3/2020 $4,375,000 0.0 Custom 3,079 0.19 4 3-1
B 57 South Summer Street 5/30/2018 $1 0.0 Custom 2,182 0.21 3 3-0
C 20 Cooke Street 8/8/2018 $1 0.0 Historical Custom 1,470 0.06 3 2-1
D 21 Cooke Street 2/26/2018 $1 0.0 Standard Basic 873 0.11 2 1-1
E 52 South Summer Street 6/3/2022 $8,500,000 0.0 Historical Custom 5,827 0.3 6 6-2
F 74 South Water Street 4/9/1999 $1,950,000 0.0 Historical Custom 3,812 0.35 7 4-0
G 70 South Water Street 10/5/2015 $4,300,000 0.0 Historical Custom 2,731 0.21 3 4-0
H 16 Cooke Street 5/20/2019 $1 0.0 Custom 1,236 0.06 3 2-0
I 45 South Summer Street $0 0.0 Churches 0.2 1-
J 58 South Summer Street 5/13/2010 $1 0.0 Custom 2,333 0.32 4 4-0
K 61 South Summer Street 6/5/2009 $1 0.0 Historical Custom 3,075 0.47 5 5-0
L 14 Cooke Street 10/31/2003 $1,525,000 0.0 Historical Custom 2,100 0.08 3 2-1
M 62 South Water Street 5/3/2024 $4,500,000 0.0 Historical Custom 2,807 0.13 4 4-1
N 62 South Summer Street 4/12/2007 $1,109,066 0.0 Historical Custom 2,189 0.11 3 3-0
O 76 South Water Street 10/4/2016 $3,550,000 0.0 Historical Custom 3,131 0.27 5 3-0
P 35 Cooke Street 2/16/2018 $2,225,000 0.0 Historical Custom 1,482 0.22 4 2-0
Q 44 South Summer Street 7/3/2017 $1 0.0 Historical Custom 2,226 0.13 4 3-0
R 54 South Water Street 4/5/2011 $1 0.0 Custom 2,123 0.17 3 2-0
S 64 South Summer Street 5/10/2018 $1 0.0 Custom 1,352 0.11 3 2-0
T 41 South Summer Street 11/2/2015 $2,875,000 0.0 Historical Custom 3,482 0.19 5 4-2
U 56 South Water Street 2/8/1999 $1 0.0 Historical Custom 3,008 0.15 3 2-1
V 65 South Summer Street 3/18/2016 $1 0.1 Historical Custom 2,437 0.26 6 3-0
W 51 School Street 12/3/2018 $0 0.1 Historical Custom 2,676 0.4 3 0-1
X 80 South Water Street 8/31/2015 $2,900,000 0.1 Historical Custom 3,043 0.19 5 2-1
Y 82 South Water Street 1/8/2016 $1 0.1 Historical Custom 3,062 0.21 4 4-1
Z 50 South Water Street 4/7/2016 $1 0.1 Historical Custom 2,145 0.2 5 5-0
- 67 South Water Street 12/28/2010 $1 0.1 Historical Custom 2,432 0.08 4 2-2
- 66 South Summer Street 4/2/2009 $1 0.1 Historical Custom 2,021 0.29 5 3-1
- 40 South Summer Street 10/29/2008 $1 0.1 Historical Custom 3,786 0.29 5 4-1
- 37 South Summer Street 11/30/2001 $1,275,000 0.1 Cape Cod 2,588 0.12 3 2-1
- 59 School Street 11/23/2020 $6,245,000 0.1 Historical Custom 0.27 4 4-1
- 16 Davis Lane Unit 2 8/29/2023 $400,000 0.1 Condominium 575 0 2 1-1
- 37 Cooke Street 7/26/2018 $4,550,000 0.1 Historical Custom 3,231 0.17 4 5-1
- 84 South Water Street 5/26/2020 $10 0.1 Historical Custom 1,915 0.14 4 3-0
- 42 South Water Street 11/29/2011 $1 0.1 Historical Custom 4,512 0.21 6 6-2
- 63 School Street 8/18/2021 $1 0.1 Historical Custom 2,372 0.17 3 2-1
- 88 South Water Street 8/31/2016 $1 0.1 Cape Cod 2,522 0.24 3 2-1
- 69 South Water Street 12/26/2012 $1 0.1 Historical Custom 3,903 0.31 5 4-0
- 39 School Street 10/30/2014 $3,926,000 0.1 Historical Custom 3,647 0.28 3 4-1
- 70 South Summer Street 3/9/1994 $280,000 0.1 Ranch 1,824 0.21 3 2-0
- 33 South Summer Street 1/17/1986 $350,000 0.1 Inn/B+B 3,669 0.21 3 2-1
- 71 South Water Street 12/30/2019 $1 0.1 Custom 2,640 0.22 4 4-0
- 57 South Water Street 9/30/2005 $1 0.1 Cape Cod 2,415 0.3 4 4-1
- 65 School Street 6/28/2013 $4,300,000 0.1 Custom 0.15 5 5-2
- 92 South Water Street 10/22/2018 $4,750,000 0.1 Colonial 5,573 0.49 5 6-1
- 34 South Summer Street 11/29/2010 $1,500,000 0.1 Office Bldg 0.15 2-
- 75 South Summer Street 8/9/2006 $1 0.1 Historical Custom 2,357 0.3 5 4-0
- 46 Cooke Street 10/22/2012 $2,950,000 0.1 Historical Custom 5,556 0.34 8 6-2
- 37 School Street 9/8/2021 $2,000,000 0.1 Historical Custom 840 0.05 1 2-0
- 36 South Water Street 2/6/2008 $1 0.1 Historical Custom 3,263 0.22 7 4-0
- 55 South Water Street 9/30/2005 $1 0.1 Historical Custom 3,036 0.42 4 4-2
- 0 Davis Lane 11/29/2010 $1,500,000 0.1 Vacant Land 0.03 -
- 74 South Summer Street 9/27/2011 $2,200,000 0.1 Historical Custom 2,546 0.16 4 2-0
- 69 School Street 2/25/2021 $1 0.1 Historical Custom 1,729 0.16 5 3-0
- 53 South Water Street 10/18/2019 $10,000,000 0.1 Historical Custom 2,936 0.23 3 4-1
- 44 School Street 9/1/2017 $1 0.1 Custom 2,313 0.22 4 2-1
- 56 School Street 4/19/1996 $475,000 0.1 Custom 2,950 0.18 3 2-0
- 49 Davis Lane 12/19/2017 $2,320,000 0.1 Historical Custom 2,132 0.13 4 3-0
- 58 School Street 8/4/2011 $1 0.1 Custom 1,268 0.18 3 1-0
- 75 South Water Street 4/21/2023 $9,000,000 0.1 Historical Custom 2,825 0.52 4 2-0
- 28 South Summer Street 4/20/2012 $2,750,000 0.1 Historical Custom 0.16 6 6-2
- 27 South Summer Street 4/12/1974 $0 0.1 Inn/B+B 8,358 0.37 9 8-0
- 7 High Street 10/15/2018 $1 0.1 Cape Cod 3,870 0.28 4 3-0
- 30 South Water Street 4/3/2019 $1 0.1 Historical Custom 4,062 0.16 4 4-1
- 81 South Water Street 1/20/2023 $15,000,000 0.1 Historical Custom 3,156 0.67 4 5-0
- 50 Cooke Street 8/21/2008 $1 0.1 Historical Custom 1,873 0.17 3 2-1
- 78 South Summer Street 9/14/2007 $2,075,000 0.1 Historical Custom 2,454 0.18 4 3-1
- 71 School Street 8/10/2020 $10 0.1 Custom 2,607 0.16 5 4-0
- 94 South Water Street 8/21/2015 $1 0.1 Historical Custom 0.25 5 4-2
- 41 South Water Street 9/12/2019 $8,769,000 0.1 Custom 1,353 0.28 3 2-0
- 25 School Street 8/27/2004 $1 0.1 Historical Custom 3,394 0.22 5 3-0
- 31 South Water Street 12/29/2011 $4,275,000 0.1 Historical Custom 0.32 6 6-1
- 45 South Water Street 11/1/2012 $1 0.1 Standard Basic 549 0.08 1 1-1
- 60 Davis Lane 10/24/2023 $900,000 0.1 Historical Custom 3,515 0.2 5 5-0
- 24 South Water Street 2/5/2015 $3,600,000 0.1 Inn/B+B 6,307 0.18 9 9-0
- 24 South Summer Street 8/5/1986 $1 0.1 Custom 1,796 0.12 3 3-0
- 19 South Summer Street 5/2/2011 $1 0.1 Office Bldg 0.16 -
- 34 School Street 8/22/1994 $250,000 0.1 Historical Custom 3,736 0.13 5 3-0
- 79 South Summer Street 10/12/1994 $1 0.1 Cape Cod 1,706 0.13 3 2-0
- 9 High Street 2/11/2011 $1,350,000 0.1 Custom 2,049 0.14 4 3-1
- 20 South Summer Street 3/31/2015 $1 0.1 Apt/Store 0.14 4 3-
- 2 Cooke Street 7/10/1961 $0 0.1 Vacant Land 0.13 -
- 75 School Street 1/6/2016 $1,500,000 0.1 Standard Plus 1,583 0.16 2 2-0
- 52 Cooke Street 1/27/2014 $1,580,000 0.1 Standard Basic 1,508 0.38 2 3-0
- 80 South Summer Street 9/16/1994 $335,000 0.1 Colonial 2,260 0.14 4 2-1
- 96 South Water Street 7/16/2013 $1 0.1 Historical Custom 0.28 5 3-1
- 19 School Street 4/14/2022 $100 0.1 Historical Custom 2,056 0.1 4 2-0
- 85 South Water Street 7/2/1997 $1 0.1 Historical Custom 4,158 0.92 5 4-0
- 51 Cooke Street 5/4/2004 $1,900,000 0.1 Historical Custom 2,506 0.16 3 3-1
- 64 School Street 3/30/2015 $1 0.1 Historical Custom 6,122 0.68 7 6-0
- 29 South Water Street 11/12/2013 $7,900,000 0.1 Estate 0.25 5 6-
- 61 Davis Lane 7/28/2011 $1 0.1 Historical Custom 1,642 0.05 4 3-0
- 25 High Street 8/31/2021 $1,950,000 0.1 Colonial 2,272 0.08 4 2-1
- 11 South Summer Street 4/3/2015 $1 0.1 Apt/Store 0.17 2 1-
- 46 Main Street-Rear 10/8/2013 $1 0.1 Restaurant 0.04 1-
- 89 South Water Street 6/4/1998 $1,800,000 0.1 Historical Custom 3,325 0.21 3 3-1
- 54 Cooke Street 1/31/2022 $4,350,000 0.1 Historical Custom 2,408 0.39 4 3-0
- 74 School Street 10/13/2016 $1 0.1 Historical Custom 2,473 0.23 5 3-1
- 79 School Street 8/30/2016 $1 0.1 Historical Custom 2,617 0.19 4 3-0
- 6 South Water Street 2/12/2010 $2,575,000 0.1 Apt/Store 0.37 3 5-
- 11 School Street 7/13/1998 $1 0.1 Historical Custom 1,347 0.07 2 1-1
- 26 School Street 12/19/2001 $1 0.1 Historical Custom 4,849 0.45 5 5-1
- 68 Davis Lane 1/31/2006 $1 0.1 Custom 2,343 0.37 2 2-1
- 7 Norton Street 3/30/2015 $1 0.1 Custom 825 0.25 1 1-0
- 85 South Summer Street 9/25/2014 $1 0.1 Custom 1,732 0.22 4 3-1
- 47 Cooke Street 12/5/2016 $1 0.1 Historical Custom 2,827 0.21 5 3-1
- 3 Sparrow Lane 8/22/2002 $1 0.1 Modern/Contemporary 1,104 0.5 3 2-0
- 93 South Water Street 10/5/2022 $7,500,000 0.1 Historical Custom 0.44 5 5-1
- 70 Main Street 1/1/2000 $0 0.1 Other Municip 0.29 3-
- 7 School Street 10/28/1983 $199,000 0.1 Finan Inst. 0.08 0-
- 20 School Street 11/21/2019 $4,400,000 0.1 Historical Custom 2,952 0.13 3 2-0
Averages 4773 days $1,538,633 0.08 --- 2,261 0.23 --- ---  
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 D 168 53 South Summer Street