31 Tower Hill Road, Edgartown, MA 02539

31 Tower Hill Road Edgartown MA 02539
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Owner Information
Owner 1
Tower Hill Martha'S Vineyard LLC
Owner 2
Owner's Address
211 Milbank Ave West Greenwich, CT 06830
Market Sale Information
Most recent sale date
11/15/2019
Previous sale date
8/10/2015
Transfer document #
1512-258
Previous transfer document
1383-0378
Grantor
31 Tower Hill LLC
Previous grantor
Chapeda Hill Corp
Most recent sale price
$1.00
Previous sale price
$12,000,000.00
Site Information
Property ID
29-159
Lot Size
1.7
Use Code
101 - Residential, single family
Zoning
R60
Building Style
Colonial
Number of Rooms
Stories
2
Number of Beds
8
Year Built
1930
Number of full baths
5
Condition
Number of half baths
0
Finished Area
4027
Number of Kitchen
Gross Living Area
5147
Number of Fireplaces
Bsmnt floot
Number of parking
Interior walls
Plastered
Floor type
Hardwood
Solar Hot Water
No
Roof Structure
Gambrel
Heating type
Forced Air-Duc
Roof Cover
Asph/F Gls/Cmp
Heating fuel
Oil
Frame type
Air Condition (%)
Sidings
Vinyl Siding
Assessment Information
Fiscal Year
2024
Land Value
$13,826,900.00
Total value
$15,843,700.00
Building value
$1,936,500.00
Estimated tax
$40,401.00
Yard improvement value
$80,300.00
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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 31 Tower Hill Road Photo Plan Map Proximity Last Sold Price Net Living Area Stories Sale Price/sft $0.00 Style Colonial Age 1930 Rooms Bedrooms 8 Full baths 5 Half baths 0 Gross Living Area 5147 Heating Fuel Oil Detached Garage Lot Size 1.7 Roof Cover Asph/F Gls/Cmp AEM Value - Building $1,936,500.00 AEM Value - Land $13,826,900.00 AEM Value - Other $80,300.00 AEM Value - Total $15,843,700.00
A) 109 School Street 0.6 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
B) 37 Cooke Street 0.6 9/18/2024 $8,500,000 3,231 1.75 $2630.76 Historical Custom 2016 8 4 5 1 5658 Oil 0.17 Wood Shingle $3,075,900 $1,667,100 $41,500 $4,784,500
C) 61 North Water Street 0.6 9/20/2024 $13,128,000 3,547 2.5 $3701.16 Historical Custom 1860 10 5 4 0 8056 Oil 0.4 Asph/F Gls/Cmp $1,495,900 $9,411,700 $58,900 $10,966,500
# Address Last Sold Sale Price Dist(m) Style LA (sq ft) Lot(ac) BR F-HB
@ 31 Tower Hill Road 11/15/2019 $1 0 Colonial 4,027 1.7 8 5-0 -
  Criteria
A 109 School Street 4/9/2024 $3,800,000 0.6 Custom 3,193 0.17 6 4-0
B 37 Cooke Street 9/18/2024 $8,500,000 0.6 Historical Custom 3,231 0.17 4 5-1
C 61 North Water Street 9/20/2024 $13,128,000 0.6 Historical Custom 3,547 0.4 5 4-0
Averages 72 days $8,476,000 0.61 --- 3,324 0.25 --- ---  

Estimation of Market Value - $16,044,997

As of today, 10/06/2024, the estimated market value of 31 Tower Hill Road, Edgartown considering the above 3 comparable properties is $16,044,997.

 

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
@ 31 Tower Hill Road 11/15/2019 $1 0 Colonial 4,027 1.7 8 5-0 -
  Criteria
A 27 Tower Hill Road 4/14/2005 $7,413,500 0.0 Estate 5,562 1.5 4 4-2
B 35 Tower Hill Road 6/26/1990 $1 0.0 Ranch 600 5.63 2 1-
C 0 Tower Hill Road 6/1/1978 $0 0.1 Vacant Land 0.87 -
D 7 Green Hollow Way 12/23/2020 $8,250,000 0.1 Ranch 3,083 2.5 3 3-0
E 9 Green Hollow Way 3/31/2019 $1 0.1 Custom 1.52 4 4-3
F 36 Green Hollow Road 5/2/2019 $1,750,000 0.1 Ranch 1,008 1.39 2 1-0
Averages 6992 days $2,902,250 0.07 --- 1,709 2.24 --- ---  
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
29 159 31 Tower Hill Road