5 Bankers Way, Edgartown, MA 02539

5 Bankers Way Edgartown MA 02539
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Owner Information
Owner 1
Tara L McLellan
Owner 2
Keith E Mulcahy
Owner's Address
23 High Plain St Sharon, MA 02067
Market Sale Information
Most recent sale date
2/5/2021
Previous sale date
9/6/1966
Transfer document #
1563-732
Previous transfer document
0263-0224
Grantor
Brian P Mulcahy
Previous grantor
Most recent sale price
$0.00
Previous sale price
$0.00
Site Information
Property ID
36-103
Lot Size
1.1
Use Code
101 - Residential, single family
Zoning
R20
Building Style
Standard Plus
Number of Rooms
Stories
2
Number of Beds
3
Year Built
1968
Number of full baths
2
Condition
Number of half baths
0
Finished Area
1536
Number of Kitchen
Gross Living Area
2063
Number of Fireplaces
Bsmnt floot
Number of parking
Interior walls
Drywall/Sheet
Floor type
Carpet
Solar Hot Water
No
Roof Structure
Gable/Hip
Heating type
None
Roof Cover
Asph/F Gls/Cmp
Heating fuel
Coal or Wood
Frame type
Air Condition (%)
Sidings
Pre-Fab Wood
Assessment Information
Fiscal Year
2023
Land Value
$629,300.00
Total value
$1,071,200.00
Building value
$441,900.00
Estimated tax
$2,699.00
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 5 Bankers Way Photo Plan Map Proximity Last Sold Price Net Living Area Stories Sale Price/sft $0.00 Style Standard Plus Age 1968 Rooms Bedrooms 3 Full baths 2 Half baths 0 Gross Living Area 2063 Heating Fuel Coal or Wood Detached Garage Lot Size 1.1 Roof Cover Asph/F Gls/Cmp AEM Value - Building $441,900.00 AEM Value - Land $629,300.00 AEM Value - Other $0.00 AEM Value - Total $1,071,200.00
A) 6 Kent Harbor Road 0.3 2/15/2024 $2,800,000 1,525 1 $1836.07 Ranch 1972 3 1 0 1947 Coal or Wood 1 Asph/F Gls/Cmp $459,400 $1,500,100 $0 $1,959,500
B) 28 Vickers Street 0.7 5/1/2024 $1,900,000 1,862 2 $1020.41 Standard Plus 1989 4 2 1 4016 Oil 0.51 Asph/F Gls/Cmp $812,500 $590,200 $0 $1,402,700
C) 41 Road to the Plains 0.9 1/24/2024 $1,800,000 1,800 2 $1000.00 Colonial 1981 3 2 0 3160 Oil 0.97 Wood Shingle $535,900 $620,700 $0 $1,156,600
# Address Last Sold Sale Price Dist(m) Style LA (sq ft) Lot(ac) BR F-HB
@ 5 Bankers Way 2/5/2021 $0 0 Standard Plus 1,536 1.1 3 2-0 -
  Criteria
A 6 Kent Harbor Road 2/15/2024 $2,800,000 0.3 Ranch 1,525 1 3 1-0
B 28 Vickers Street 5/1/2024 $1,900,000 0.7 Standard Plus 1,862 0.51 4 2-1
C 41 Road to the Plains 1/24/2024 $1,800,000 0.9 Colonial 1,800 0.97 3 2-0
Averages 121 days $2,166,667 0.62 --- 1,729 0.83 --- ---  

Estimation of Market Value - $1,732,832

As of today, 07/03/2024, the estimated market value of 5 Bankers Way, Edgartown considering the above 3 comparable properties is $1,732,832.

 

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
@ 5 Bankers Way 2/5/2021 $0 0 Standard Plus 1,536 1.1 3 2-0 -
  Criteria
A 3 Bankers Way 4/10/1995 $1 0.0 Ranch 1,860 0.47 4 2-0
B 6 Bankers Way 3/31/2008 $657,500 0.0 Ranch 1,632 0.58 4 2-0
C 4 Bankers Way 3/2/1988 $0 0.0 Standard Basic 810 0.34 2 1-0
D 1 Bankers Way 10/10/1980 $79,500 0.1 Cape Cod 1,820 0.46 3 2-0
E 2 Bankers Way 3/2/1988 $0 0.1 Cape Cod 1,476 0.34 1 2-0
F 3 Norcross Drive 5/18/2012 $1 0.1 Ranch 901 0.8 1 1-1
G 275 Katama Road 11/13/2012 $1 0.1 Cape Cod 1,638 0.39 3 2-0
H 6 Norcross Drive 9/2/2022 $1 0.1 Cape Cod 3,602 0.95 5 4-1
I 271 Katama Road 8/8/1995 $1 0.1 Cape Cod 1,296 0.14 3 1-0
J 269 Katama Road 3/21/2003 $1 0.1 Cape Cod 1,296 0.14 3 1-0
K 4 Massasoit Road 5/8/1986 $150,000 0.1 Cape Cod 1,428 0.14 3 2-0
L 1 Crocker Drive 11/21/2008 $549,000 0.1 Colonial 1,680 0.48 4 2-0
M 7 Crocker Drive 6/29/2017 $1 0.1 Cape Cod 961 0.76 1 1-0
N 1 Somerset Lane 1/4/1991 $1 0.1 Outbuildings 0.5 -
O 8 Massasoit Road 6/9/2022 $1,300,000 0.1 Cape Cod 1,674 0.14 3 2-0
Averages 8134 days $182,401 0.08 --- 1,472 0.44 --- ---  
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
36 103 5 Bankers Way