56 South Water Street, Edgartown, MA 02539

56 South Water Street Edgartown MA 02539
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Owner Information
Owner 1
D Warren Vose & Anne M
Owner 2
Owner's Address
1255 N. Gulfstream Ave #701 Sarasota, FL 34236
Market Sale Information
Most recent sale date
2/8/1999
Previous sale date
2/8/1999
Transfer document #
0755-0651
Previous transfer document
0755-0650
Grantor
Philip A Mercier
Previous grantor
D Warren Vose
Most recent sale price
$1.00
Previous sale price
$1.00
Site Information
Property ID
20-D-178-1
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
3
Year Built
1835
Number of full baths
2
Condition
Number of half baths
1
Finished Area
3008
Number of Kitchen
Gross Living Area
3966
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
Wood Shingle
Assessment Information
Fiscal Year
2023
Land Value
$2,041,700.00
Total value
$3,801,500.00
Building value
$1,759,800.00
Estimated tax
$9,579.00
Yard improvement value
$0.00
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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 56 South Water Street Photo Plan Map Proximity Last Sold Price Net Living Area Stories Sale Price/sft $0.00 Style Historical Custom Age 1835 Rooms 8 Bedrooms 3 Full baths 2 Half baths 1 Gross Living Area 3966 Heating Fuel Oil Detached Garage Lot Size 0.15 Roof Cover Asph/F Gls/Cmp AEM Value - Building $1,759,800.00 AEM Value - Land $2,041,700.00 AEM Value - Other $0.00 AEM Value - Total $3,801,500.00
A) 62 South Water Street 0.0 5/3/2024 $4,500,000 2,807 2 $1603.14 Historical Custom 1825 9 4 4 1 3710 Gas 0.13 Wood Shingle $1,920,100 $1,989,500 $0 $3,909,600
B) 109 School Street 0.3 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
C) 111 Peases Point Way North 0.4 1/10/2024 $5,150,000 2,324 2 $2216.01 Custom 1910 9 4 3 1 2833 Gas 0.29 Wood Shingle $1,697,900 $2,336,700 $0 $4,034,600
D) 17 Lenssen Way 0.9 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 $1,306,000 $1,857,400 $0 $3,163,400
# Address Last Sold Sale Price Dist(m) Style LA (sq ft) Lot(ac) BR F-HB
@ 56 South Water Street 2/8/1999 $1 0 Historical Custom 3,008 0.15 3 2-1 -
  Criteria
A 62 South Water Street 5/3/2024 $4,500,000 0.0 Historical Custom 2,807 0.13 4 4-1
B 109 School Street 4/9/2024 $3,800,000 0.3 Custom 3,193 0.17 6 4-0
C 111 Peases Point Way North 1/10/2024 $5,150,000 0.4 Custom 2,324 0.29 4 3-1
D 17 Lenssen Way 4/8/2024 $3,840,000 0.9 Standard Plus 2,300 2.01 3 4-0
Averages 104 days $4,322,500 0.41 --- 2,656 0.65 --- ---  

Estimation of Market Value - $4,841,810

As of today, 07/05/2024, the estimated market value of 56 South Water Street, Edgartown considering the above 4 comparable properties is $4,841,810.

 

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
@ 56 South Water Street 2/8/1999 $1 0 Historical Custom 3,008 0.15 3 2-1 -
  Criteria
A 62 South Water Street 5/3/2024 $4,500,000 0.0 Historical Custom 2,807 0.13 4 4-1
B 54 South Water Street 4/5/2011 $1 0.0 Custom 2,123 0.17 3 2-0
C 50 South Water Street 4/7/2016 $1 0.0 Historical Custom 2,145 0.2 5 5-0
D 21 Cooke Street 2/26/2018 $1 0.0 Standard Basic 873 0.11 2 1-1
E 16 Cooke Street 5/20/2019 $1 0.0 Custom 1,236 0.06 3 2-0
F 14 Cooke Street 10/31/2003 $1,525,000 0.0 Historical Custom 2,100 0.08 3 2-1
G 42 South Water Street 11/29/2011 $1 0.0 Historical Custom 4,512 0.21 6 6-2
H 20 Cooke Street 8/8/2018 $1 0.0 Historical Custom 1,470 0.06 3 2-1
I 67 South Water Street 12/28/2010 $1 0.0 Historical Custom 2,432 0.08 4 2-2
J 16 Davis Lane Unit 2 8/29/2023 $400,000 0.0 Condominium 575 0 2 1-1
K 41 South Summer Street 11/2/2015 $2,875,000 0.0 Historical Custom 3,482 0.19 5 4-2
L 70 South Water Street 10/5/2015 $4,300,000 0.0 Historical Custom 2,731 0.21 3 4-0
M 45 South Summer Street $0 0.0 Churches 0.2 1-
N 55 South Water Street 9/30/2005 $1 0.0 Historical Custom 3,036 0.42 4 4-2
O 53 South Water Street 10/18/2019 $10,000,000 0.0 Historical Custom 2,936 0.23 3 4-1
P 49 South Summer Street 6/3/2020 $4,375,000 0.0 Custom 3,079 0.19 4 3-1
Q 57 South Water Street 9/30/2005 $1 0.0 Cape Cod 2,415 0.3 4 4-1
R 36 South Water Street 2/6/2008 $1 0.0 Historical Custom 3,263 0.22 7 4-0
S 37 South Summer Street 11/30/2001 $1,275,000 0.0 Cape Cod 2,588 0.12 3 2-1
T 69 South Water Street 12/26/2012 $1 0.0 Historical Custom 3,903 0.31 5 4-0
U 74 South Water Street 4/9/1999 $1,950,000 0.0 Historical Custom 3,812 0.35 7 4-0
V 41 South Water Street 9/12/2019 $8,769,000 0.0 Custom 1,353 0.28 3 2-0
W 53 South Summer Street 5/8/2000 $1 0.0 Historical Custom 3,939 0.15 4 5-0
X 31 South Water Street 12/29/2011 $4,275,000 0.1 Historical Custom 0.32 6 6-1
Y 33 South Summer Street 1/17/1986 $350,000 0.1 Inn/B+B 3,669 0.21 3 2-1
Z 30 South Water Street 4/3/2019 $1 0.1 Historical Custom 4,062 0.16 4 4-1
- 45 South Water Street 11/1/2012 $1 0.1 Standard Basic 549 0.08 1 1-1
- 71 South Water Street 12/30/2019 $1 0.1 Custom 2,640 0.22 4 4-0
- 76 South Water Street 10/4/2016 $3,550,000 0.1 Historical Custom 3,131 0.27 5 3-0
- 44 South Summer Street 7/3/2017 $1 0.1 Historical Custom 2,226 0.13 4 3-0
- 57 South Summer Street 5/30/2018 $1 0.1 Custom 2,182 0.21 3 3-0
- 24 South Water Street 2/5/2015 $3,600,000 0.1 Inn/B+B 6,307 0.18 9 9-0
- 29 South Water Street 11/12/2013 $7,900,000 0.1 Estate 0.25 5 6-
- 27 South Summer Street 4/12/1974 $0 0.1 Inn/B+B 8,358 0.37 9 8-0
- 40 South Summer Street 10/29/2008 $1 0.1 Historical Custom 3,786 0.29 5 4-1
- 35 Cooke Street 2/16/2018 $2,225,000 0.1 Historical Custom 1,482 0.22 4 2-0
- 52 South Summer Street 6/3/2022 $8,500,000 0.1 Historical Custom 5,827 0.3 6 6-2
- 80 South Water Street 8/31/2015 $2,900,000 0.1 Historical Custom 3,043 0.19 5 2-1
- 75 South Water Street 4/21/2023 $9,000,000 0.1 Historical Custom 2,825 0.52 4 2-0
- 34 South Summer Street 11/29/2010 $1,500,000 0.1 Office Bldg 0.15 2-
- 61 South Summer Street 6/5/2009 $1 0.1 Historical Custom 3,075 0.47 5 5-0
- 2 Cooke Street 7/10/1961 $0 0.1 Vacant Land 0.13 -
- 19 South Summer Street 5/2/2011 $1 0.1 Office Bldg 0.16 -
- 82 South Water Street 1/8/2016 $1 0.1 Historical Custom 3,062 0.21 4 4-1
- 58 South Summer Street 5/13/2010 $1 0.1 Custom 2,333 0.32 4 4-0
- 28 South Summer Street 4/20/2012 $2,750,000 0.1 Historical Custom 0.16 6 6-2
- 6 South Water Street 2/12/2010 $2,575,000 0.1 Apt/Store 0.37 3 5-
- 46 Main Street-Rear 10/8/2013 $1 0.1 Restaurant 0.04 1-
- 0 Davis Lane 11/29/2010 $1,500,000 0.1 Vacant Land 0.03 -
- 39 School Street 10/30/2014 $3,926,000 0.1 Historical Custom 3,647 0.28 3 4-1
- 11 South Summer Street 4/3/2015 $1 0.1 Apt/Store 0.17 2 1-
- 84 South Water Street 5/26/2020 $10 0.1 Historical Custom 1,915 0.14 4 3-0
- 7 South Water Street 9/28/2007 $1 0.1 Lodng/Motel 1.3 0-
- 81 South Water Street 1/20/2023 $15,000,000 0.1 Historical Custom 3,156 0.67 4 5-0
- 37 Cooke Street 7/26/2018 $4,550,000 0.1 Historical Custom 3,231 0.17 4 5-1
- 62 South Summer Street 4/12/2007 $1,109,066 0.1 Historical Custom 2,189 0.11 3 3-0
- 20 South Summer Street 3/31/2015 $1 0.1 Apt/Store 0.14 4 3-
- 51 School Street 12/3/2018 $0 0.1 Historical Custom 2,676 0.4 3 0-1
- 65 South Summer Street 3/18/2016 $1 0.1 Historical Custom 2,437 0.26 6 3-0
- 37 School Street 9/8/2021 $2,000,000 0.1 Historical Custom 840 0.05 1 2-0
- 24 South Summer Street 8/5/1986 $1 0.1 Custom 1,796 0.12 3 3-0
- 49 Davis Lane 12/19/2017 $2,320,000 0.1 Historical Custom 2,132 0.13 4 3-0
- 88 South Water Street 8/31/2016 $1 0.1 Cape Cod 2,522 0.24 3 2-1
- 64 South Summer Street 5/10/2018 $1 0.1 Custom 1,352 0.11 3 2-0
- 44 Main Street 5/18/2012 $1,525,000 0.1 Apt/Store 0.11 2-
- 1 Cooke Street 9/15/1936 $0 0.1 Clubs/Lodges 0.34 2-
- 25 School Street 8/27/2004 $1 0.1 Historical Custom 3,394 0.22 5 3-0
- 50 Main Street 5/8/1986 $1 0.1 Vacant Land 0.16 -
- 2 South Water Street 1/2/1958 $0 0.1 Finan Inst. 0.12 2-
- 40 Main Street 10/24/1991 $1 0.1 Store 0.03 1-
- 42 Main Street 7/20/2017 $1 0.1 Store 0.03 2-
- 56 Main Street 2/17/2004 $1 0.1 Apt/Store 0.15 0-
- 36 Main Street 12/3/2009 $1 0.1 Store 0.01 1-
- 30 Main Street 3/2/1967 $0 0.1 Finan Inst. 0.01 2-
- 38 Main Street 12/30/2011 $1 0.1 Store 0.01 2-
- 1 South Water Street 4/3/2015 $1 0.1 Apt/Store 0.05 0-
- 92 South Water Street 10/22/2018 $4,750,000 0.1 Colonial 5,573 0.49 5 6-1
- 66 South Summer Street 4/2/2009 $1 0.1 Historical Custom 2,021 0.29 5 3-1
- 59 School Street 11/23/2020 $6,245,000 0.1 Historical Custom 0.27 4 4-1
- 20 Main Street 4/3/2015 $1 0.1 Apt/Store 0.02 2-
- 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
- 70 Main Street 1/1/2000 $0 0.1 Other Municip 0.29 3-
- 44 School Street 9/1/2017 $1 0.1 Custom 2,313 0.22 4 2-1
- 66 Main Street Lot 125 6/27/2017 $3,000,000 0.1 Vacant Land 0.26 -
- 11 School Street 7/13/1998 $1 0.1 Historical Custom 1,347 0.07 2 1-1
- 34 School Street 8/22/1994 $250,000 0.1 Historical Custom 3,736 0.13 5 3-0
- 63 School Street 8/18/2021 $1 0.1 Historical Custom 2,372 0.17 3 2-1
- 7 School Street 10/28/1983 $199,000 0.1 Finan Inst. 0.08 0-
- 46 Cooke Street 10/22/2012 $2,950,000 0.1 Historical Custom 5,556 0.34 8 6-2
- 2 Main Street 2/1/2005 $2,750,000 0.1 Restaurant 0.23 4-
- 70 South Summer Street 3/9/1994 $280,000 0.1 Ranch 1,824 0.21 3 2-0
- 75 South Summer Street 8/9/2006 $1 0.1 Historical Custom 2,357 0.3 5 4-0
- 60 Davis Lane 10/24/2023 $900,000 0.1 Historical Custom 3,515 0.2 5 5-0
- 39 Main Street 1/18/2022 $1 0.1 Store 0.02 1-
- 29 Main Street 8/30/2022 $2,345,000 0.1 Store 0.03 1-
- 25 Main Street 12/27/2012 $1 0.1 Apt/Store 0.07 3 2-
- 33 Main Street 4/5/2007 $1,850,000 0.1 Apt/Store 0.05 2-
- 94 South Water Street 8/21/2015 $1 0.1 Historical Custom 0.25 5 4-2
- 37 Main Street 11/5/1947 $0 0.1 Apt/Store 0.1 2-
- 41 Main Street 8/28/2019 $10 0.1 Store 0.06 1-
- 89 South Water Street 6/4/1998 $1,800,000 0.1 Historical Custom 3,325 0.21 3 3-1
- 47 Main Street 4/3/2015 $1 0.1 Apt/Store 0.09 2-
- 19 Main Street 11/24/2020 $5,720,000 0.1 Office/Retail 0.12 2-
- 5 North Water Street 11/25/2020 $5,720,000 0.1 Vacant Land 0.01 -
- 53 Main Street 4/3/2015 $1 0.1 Store 0.09 1-
- 65 School Street 6/28/2013 $4,300,000 0.1 Custom 0.15 5 5-2
- 7 High Street 10/15/2018 $1 0.1 Cape Cod 3,870 0.28 4 3-0
Averages 5569 days $1,519,289 0.08 --- 1,766 0.2 --- ---  
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 178 1 56 South Water Street