2 Penny Lane, Edgartown, MA 02539

2 Penny Lane Edgartown MA 02539
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Owner Information
Owner 1
Robert R Beland & Judith P
Owner 2
Owner's Address
88 Marion St #5 Brookline, MA 02446
Market Sale Information
Most recent sale date
9/17/1998
Previous sale date
4/10/1990
Transfer document #
0741-0233
Previous transfer document
0538-0463
Grantor
Steven C Sack
Previous grantor
Steven C Sack
Most recent sale price
$335,000.00
Previous sale price
$1.00
Site Information
Property ID
21-36-211
Lot Size
1.18
Use Code
101 - Residential, single family
Zoning
R20
Building Style
Cape Cod
Number of Rooms
5
Stories
1.5
Number of Beds
3
Year Built
1975
Number of full baths
2
Condition
Number of half baths
0
Finished Area
1763
Number of Kitchen
Gross Living Area
3705
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
$357,500.00
Total value
$1,055,900.00
Building value
$689,900.00
Estimated tax
$2,692.00
Yard improvement value
$8,500.00
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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 2 Penny Lane Photo Plan Map Proximity Last Sold Price Net Living Area Stories Sale Price/sft $190.02 Style Cape Cod Age 1975 Rooms 5 Bedrooms 3 Full baths 2 Half baths 0 Gross Living Area 3705 Heating Fuel Oil Detached Garage Lot Size 1.18 Roof Cover Asph/F Gls/Cmp AEM Value - Building $689,900.00 AEM Value - Land $357,500.00 AEM Value - Other $8,500.00 AEM Value - Total $1,055,900.00
A) 64 Jernegan Pond Road 0.3 6/4/2024 $1,300,000 1,637 1.5 $794.14 Cape Cod 1991 4 1 2 1 4700 Gas 1.4 Asph/F Gls/Cmp $878,100 $347,900 $46,800 $1,272,800
B) 39 Jernegan Pond Road 0.4 5/6/2024 $575,000 1,726 1.5 $333.14 Cape Cod 2006 5 3 2 0 2979 Gas 0.51 Asph/F Gls/Cmp $39,700 $317,600 $0 $357,300
C) 19 Duncan Close 0.9 6/27/2024 $1,725,000 1,722 1.75 $1001.74 Colonial 1984 5 3 2 0 4202 Gas 0.63 Asph/F Gls/Cmp $540,200 $238,100 $1,700 $780,000
# Address Last Sold Sale Price Dist(m) Style LA (sq ft) Lot(ac) BR F-HB
@ 2 Penny Lane 9/17/1998 $335,000 0 Cape Cod 1,763 1.18 3 2-0 -
  Criteria
A 64 Jernegan Pond Road 6/4/2024 $1,300,000 0.3 Cape Cod 1,637 1.4 1 2-1
B 39 Jernegan Pond Road 5/6/2024 $575,000 0.4 Cape Cod 1,726 0.51 3 2-0
C 19 Duncan Close 6/27/2024 $1,725,000 0.9 Colonial 1,722 0.63 3 2-0
Averages 110 days $1,200,000 0.55 --- 1,695 0.85 --- ---  

Estimation of Market Value - $1,412,677

As of today, 09/19/2024, the estimated market value of 2 Penny Lane, Edgartown considering the above 3 comparable properties is $1,412,677.

 

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
@ 2 Penny Lane 9/17/1998 $335,000 0 Cape Cod 1,763 1.18 3 2-0 -
  Criteria
A 24 Pennywise Path 6/26/2018 $675,000 0.0 Colonial 1,428 2 3 2-0
B 4 Penny Lane 12/20/2021 $1,900,000 0.0 Cape Cod 1,526 0.69 3 2-0
C 27 Pennywise Path 9/18/2013 $1 0.1 Vacant Land 2.9 -
D 1 Nickel Lane 1/4/2016 $665,000 0.1 Cape Cod 1,440 0.69 2 2-0
E 6 Penny Lane 7/23/2019 $1 0.1 Cape Cod 2,385 1 3 3-2
F 16 Pennywise Path 11/26/1986 $160,000 0.1 Cape Cod 1,575 2.9 4 1-1
G 60 Pennywise Path 4/28/1965 $0 0.1 Outbuildings 7.6 -
H 12 Pennywise Path 8/12/1996 $1 0.1 Vacant Land 1.5 -
I 300 Edgartown Vh Road 9/20/2021 $360,000 0.1 Vacant Land 1.07 -
J 3 Nickel Lane 3/6/2020 $400,000 0.1 Bungalow 1,440 0.6 2 2-0
K 43 Pennywise Path 7/27/2017 $1 0.1 Standard Plus 1,832 3.88 4 2-1
L 47 Pennywise Path 1/13/2005 $1 0.1 Colonial 2,055 0.69 3 1-1
M 51 Pennywise Path 2/18/2000 $1 0.1 Colonial 1,776 0.91 3 2-1
N 5 Nickel Lane 3/2/2021 $437,500 0.1 Colonial 1,224 0.5 2 1-1
O 314 Edgartown Vh Road 11/9/2017 $762,000 0.1 Cape Cod 1,716 1.14 2 2-0
P 27 Clay Pit Road 11/6/2017 $275,000 0.1 Cape Cod 1,764 0.96 2 2-
Q 282 Edgartown Vh Road 6/29/2007 $1 0.1 Cape Cod 1.5 2 2-1
R 33 Clay Pit Road 2/1/1982 $1 0.1 Cape Cod 720 2 2 1-0
S 19 Clay Pit Road 11/19/1992 $152,000 0.1 Colonial 2,842 0.59 2 2-1
Averages 6289 days $304,553 0.09 --- 1,249 1.74 --- ---  
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
21 36 211 2 Penny Lane