2 Bankers Way, Edgartown, MA 02539

Owner Information
Owner 1
Robert T Rudolph
Owner 2
Owner's Address
12 Chapin Dr Wilbraham, MA 01095
Market Sale Information
Most recent sale date
3/2/1988
Previous sale date
Transfer document #
0088-0016
Previous transfer document
Grantor
Previous grantor
Most recent sale price
$0.00
Previous sale price
N/A
Site Information
Property ID
36-106
Lot Size
0.34
Use Code
101 - Residential, single family
Zoning
R20
Building Style
Cape Cod
Number of Rooms
5
Stories
1.75
Number of Beds
1
Year Built
1980
Number of full baths
2
Condition
Number of half baths
0
Finished Area
1476
Number of Kitchen
Gross Living Area
2989
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
Hot Water
Roof Cover
Asph/F Gls/Cmp
Heating fuel
Gas
Frame type
Air Condition (%)
Sidings
Wood Shingle
Assessment Information
Fiscal Year
2023
Land Value
$579,200.00
Total value
$1,144,400.00
Building value
$565,200.00
Estimated tax
$2,883.00
Yard improvement value
$0.00
Certified Mass Appraisal
Comparable Properties
  • Total Appraisal
  • Building Appraisal
  • Land Appraisal
  • Last Sale Price
  • Net Living Area
  • Number of Bedrooms
  • Lot Size
  • Year Built
Address 2 Bankers Way Photo Plan Map Proximity Last Sold Price Net Living Area Stories Sale Price/sft $0.00 Style Cape Cod Age 1980 Rooms 5 Bedrooms 1 Full baths 2 Half baths 0 Gross Living Area 2989 Heating Fuel Gas Detached Garage Lot Size 0.34 Roof Cover Asph/F Gls/Cmp AEM Value - Building $565,200.00 AEM Value - Land $579,200.00 AEM Value - Other $0.00 AEM Value - Total $1,144,400.00
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) 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
@ 2 Bankers Way 3/2/1988 $0 0 Cape Cod 1,476 0.34 1 2-0 -
  Criteria
A 6 Kent Harbor Road 2/15/2024 $2,800,000 0.3 Ranch 1,525 1 3 1-0
B 41 Road to the Plains 1/24/2024 $1,800,000 0.9 Colonial 1,800 0.97 3 2-0
Averages 150 days $2,300,000 0.60 --- 1,663 0.99 --- ---  

Estimation of Market Value - $1,865,677

As of today, 07/03/2024, the estimated market value of 2 Bankers Way, Edgartown considering the above 2 comparable properties is $1,865,677.

 

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
  • 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 Bankers Way 3/2/1988 $0 0 Cape Cod 1,476 0.34 1 2-0 -
  Criteria
A 4 Bankers Way 3/2/1988 $0 0.0 Standard Basic 810 0.34 2 1-0
B 3 Norcross Drive 5/18/2012 $1 0.0 Ranch 901 0.8 1 1-1
C 1 Bankers Way 10/10/1980 $79,500 0.0 Cape Cod 1,820 0.46 3 2-0
D 3 Bankers Way 4/10/1995 $1 0.0 Ranch 1,860 0.47 4 2-0
E 6 Bankers Way 3/31/2008 $657,500 0.0 Ranch 1,632 0.58 4 2-0
F 6 Norcross Drive 9/2/2022 $1 0.1 Cape Cod 3,602 0.95 5 4-1
G 5 Bankers Way 2/5/2021 $0 0.1 Standard Plus 1,536 1.1 3 2-0
H 1 Crocker Drive 11/21/2008 $549,000 0.1 Colonial 1,680 0.48 4 2-0
I 275 Katama Road 11/13/2012 $1 0.1 Cape Cod 1,638 0.39 3 2-0
J 271 Katama Road 8/8/1995 $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 10 Case Road 6/8/2015 $1 0.1 Custom 2,823 0.87 5 3-0
M 294 Katama Road 8/15/2012 $1 0.1 Ranch 1,756 0.53 2 1-1
N 7 Crocker Drive 6/29/2017 $1 0.1 Cape Cod 961 0.76 1 1-0
O 8 Massasoit Road 6/9/2022 $1,300,000 0.1 Cape Cod 1,674 0.14 3 2-0
P 3 Hillman Drive 7/28/2005 $715,000 0.1 Cape Cod 1,260 0.46 2 1-1
Q 269 Katama Road 3/21/2003 $1 0.1 Cape Cod 1,296 0.14 3 1-0
R 5 Hillman Drive 10/10/2023 $3,250,000 0.1 Cape Cod 2,407 0.46 3 2-1
S 12 Massasoit Road 3/27/2003 $1 0.1 Raised Ranch 1,092 0.14 4 2-0
T 7 Massasoit Road 10/13/2021 $1,500,000 0.1 Cape Cod 1,288 0.14 3 2-0
Averages 6067 days $410,051 0.08 --- 1,638 0.47 --- ---  
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
36 106 2 Bankers Way