2 Majane Lane, Edgartown, MA 02539

2 Majane Lane Edgartown MA 02539
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Owner Information
Owner 1
Paul W Majane
Owner 2
Owner's Address
2 Majane Lane Edgartown, MA 02539
Market Sale Information
Most recent sale date
12/1/1988
Previous sale date
Transfer document #
00511-0704
Previous transfer document
Grantor
Previous grantor
Most recent sale price
$1.00
Previous sale price
N/A
Site Information
Property ID
34-17-1
Lot Size
3.12
Use Code
101 - Residential, single family
Zoning
R12
Building Style
Standard Plus
Number of Rooms
9
Stories
2
Number of Beds
5
Year Built
1987
Number of full baths
3
Condition
Number of half baths
0
Finished Area
2980
Number of Kitchen
Gross Living Area
4756
Number of Fireplaces
Bsmnt floot
Number of parking
Interior walls
Drywall/Sheet
Floor type
Hardwood
Solar Hot Water
No
Roof Structure
Irregular
Heating type
Forced Air-Duc
Roof Cover
Wood Shingle
Heating fuel
Electric
Frame type
Air Condition (%)
Sidings
Wood Shingle
Assessment Information
Fiscal Year
2024
Land Value
$353,700.00
Total value
$2,096,100.00
Building value
$1,729,600.00
Estimated tax
$5,345.00
Yard improvement value
$12,800.00
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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 Majane Lane Photo Plan Map Proximity Last Sold Price Net Living Area Stories Sale Price/sft $0.00 Style Standard Plus Age 1987 Rooms 9 Bedrooms 5 Full baths 3 Half baths 0 Gross Living Area 4756 Heating Fuel Electric Detached Garage Lot Size 3.12 Roof Cover Wood Shingle AEM Value - Building $1,729,600.00 AEM Value - Land $353,700.00 AEM Value - Other $12,800.00 AEM Value - Total $2,096,100.00
A) 149 Litchfield Road 0.2 6/17/2024 $3,140,000 2,969 1 $1057.60 Standard Plus 2011 8 3 3 1 7452 Gas 1.7 Wood Shingle $2,558,400 $251,700 $4,900 $2,815,000
# Address Last Sold Sale Price Dist(m) Style LA (sq ft) Lot(ac) BR F-HB
@ 2 Majane Lane 12/1/1988 $1 0 Standard Plus 2,980 3.12 5 3-0 -
  Criteria
A 149 Litchfield Road 6/17/2024 $3,140,000 0.2 Standard Plus 2,969 1.7 3 3-1
Averages 151 days $3,140,000 0.22 --- 2,969 1.7 --- ---  

Estimation of Market Value - $2,744,867

As of today, 11/15/2024, the estimated market value of 2 Majane Lane, Edgartown considering the above 1 comparable properties is $2,744,867.

 

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 Majane Lane 12/1/1988 $1 0 Standard Plus 2,980 3.12 5 3-0 -
  Criteria
A 3 Majane Lane 11/16/2017 $965,000 0.1 Colonial 3,835 3.11 4 3-0
B 0 Litchfield Road 2/27/1990 $1 0.1 Vacant Land 1.24 -
C 10 Cassat Way 4/16/2002 $1 0.1 Standard Basic 513 7.15 1 1-0
D 0 Litchfield Road 11/16/2017 $965,000 0.1 Vacant Land 1.24 -
E 121 Litchfield Road 3/6/2006 $410,000 0.1 Vacant Land 3.3 -
F 127 Litchfield Road 12/8/1998 $349,500 0.1 Colonial 1,933 3 4 3-0
Averages 7057 days $448,250 0.08 --- 1,047 3.17 --- ---  
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
34 17 1 2 Majane Lane