7 North Farms Road, Edgartown, MA 02539

7 North Farms Road Edgartown MA 02539
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Owner Information
Owner 1
Theodore Rodes Murphy II
Owner 2
Ann Case Ducharme
Owner's Address
7 North Farms Rd Edgartown, MA 02539
Market Sale Information
Most recent sale date
10/14/2014
Previous sale date
1/18/2013
Transfer document #
1359-0493
Previous transfer document
1306-0001
Grantor
Theodore R Murphy
Previous grantor
William C Gruetzmacher
Most recent sale price
$1.00
Previous sale price
$1,325,000.00
Site Information
Property ID
36-147-2
Lot Size
0.71
Use Code
101 - Residential, single family
Zoning
R20
Building Style
Standard Plus
Number of Rooms
7
Stories
2
Number of Beds
4
Year Built
1994
Number of full baths
3
Condition
Number of half baths
1
Finished Area
3173
Number of Kitchen
Gross Living Area
5770
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
Gas
Frame type
Air Condition (%)
Sidings
Wood Shingle
Assessment Information
Fiscal Year
2023
Land Value
$850,900.00
Total value
$2,623,900.00
Building value
$1,773,000.00
Estimated tax
$6,612.00
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 7 North Farms Road Photo Plan Map Proximity Last Sold Price Net Living Area Stories Sale Price/sft $0.00 Style Standard Plus Age 1994 Rooms 7 Bedrooms 4 Full baths 3 Half baths 1 Gross Living Area 5770 Heating Fuel Gas Detached Garage Lot Size 0.71 Roof Cover Asph/F Gls/Cmp AEM Value - Building $1,773,000.00 AEM Value - Land $850,900.00 AEM Value - Other $0.00 AEM Value - Total $2,623,900.00
A) 7 Katama Drive 0.4 2/9/2024 $4,465,000 3,116 2 $1432.93 Standard Plus 2008 3 3 1 6904 Gas 0.46 Asph/F Gls/Cmp $2,079,300 $737,200 $0 $2,816,500
B) 10 Gerts Way 0.5 6/14/2024 $2,315,000 2,404 2 $962.98 Colonial 1987 4 2 1 4583 Gas 0.5 Asph/F Gls/Cmp $950,400 $740,700 $0 $1,691,100
# Address Last Sold Sale Price Dist(m) Style LA (sq ft) Lot(ac) BR F-HB
@ 7 North Farms Road 10/14/2014 $1 0 Standard Plus 3,173 0.71 4 3-1 -
  Criteria
A 7 Katama Drive 2/9/2024 $4,465,000 0.4 Standard Plus 3,116 0.46 3 3-1
B 10 Gerts Way 6/14/2024 $2,315,000 0.5 Colonial 2,404 0.5 4 2-1
Averages 76 days $3,390,000 0.43 --- 2,760 0.48 --- ---  

Estimation of Market Value - $3,921,974

As of today, 06/26/2024, the estimated market value of 7 North Farms Road, Edgartown considering the above 2 comparable properties is $3,921,974.

 

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
@ 7 North Farms Road 10/14/2014 $1 0 Standard Plus 3,173 0.71 4 3-1 -
  Criteria
A 111 Herring Creek Road 12/29/1988 $105,000 0.0 Ranch 2,927 1 6 2-1
B 9 North Farms Road 2/12/2009 $1 0.0 Standard Plus 3,148 1.08 4 3-0
C 10 North Farms Road 11/15/2022 $1 0.0 Standard Plus 2,580 0.97 4 3-0
D 115 Herring Creek Road 9/14/2015 $1 0.0 Custom 2,185 0.56 3 2-1
E 109 Herring Creek Road 11/24/2015 $1,275,000 0.0 Colonial 2,750 0.5 3 3-0
F 5 North Farms Road 12/30/1994 $80,000 0.0 Standard Plus 2,146 0.76 4 2-1
G 117 Herring Creek Road 10/3/2019 $1 0.1 Standard Plus 3,606 0.56 4 4-1
H 107 Herring Creek Road 10/21/2020 $1 0.1 Colonial 1,852 0.5 4 2-1
I 6 North Farms Road 1/28/2020 $1 0.1 Standard Plus 2,711 0.78 4 4-0
J 8 North Farms Road 8/5/2015 $378,932 0.1 Standard Plus 2,134 0.96 4 2-0
K 119 Herring Creek Road 3/17/2023 $1,770,000 0.1 Standard Plus 1,400 0.86 4 2-0
L 6 Welchs Way 6/8/1994 $1 0.1 Colonial 1,496 0.54 2 1-1
M 7 Welchs Way 10/15/2020 $1,195,000 0.1 Colonial 1,632 0.52 3 2-0
N 105 Herring Creek Road 12/29/2016 $1 0.1 Cape Cod 3,011 0.98 6 3-1
O 45 Crocker Drive 4/21/2011 $700,000 0.1 Colonial 2,200 0.46 3 3-0
P 43 Crocker Drive 8/19/2014 $1,479,000 0.1 Cape Cod 3,248 0.46 4 4-0
Q 116 Herring Creek Road 11/16/2009 $1,420,000 0.1 Custom 3,502 1.86 5 4-1
R 4 North Farms Road 5/14/1996 $1 0.1 Standard Plus 2,275 0.5 4 3-0
S 41 Crocker Drive 4/27/2018 $1 0.1 Standard Plus 1,484 0.46 4 2-1
T 2 Farmers Road 1/5/1989 $1 0.1 Cape Cod 1,152 0.56 2 1-0
U 5 Lexington Avenue 6/8/1994 $1 0.1 Cape Cod 2,153 0.5 4 3-0
V 39 Crocker Drive 8/4/2015 $1 0.1 Colonial 1,792 0.46 4 2-
W 49 Crocker Drive 3/11/2021 $100 0.1 Standard Plus 2,100 0.51 3 2-1
X 3 North Farms Road 7/27/2017 $1,575,000 0.1 Standard Plus 2,317 0.74 3 2-1
Y 4 Welchs Way 10/26/2006 $1,025,000 0.1 Cape Cod 2,381 0.54 3 3-0
Z 33 Crocker Drive 5/1/2018 $1 0.1 Colonial 2,340 0.46 5 2-1
- 5 Waller Way 3/10/2003 $495,000 0.1 Cape Cod 1,274 0.56 2 1-1
- 5 Welchs Way 12/15/2014 $1,000,000 0.1 Colonial 1,932 0.52 4 2-1
- 4 Bittersweet Lane 1/31/2020 $100 0.1 Vacant Land 1.92 -
- 101 Herring Creek Road 2/15/2018 $1,500,000 0.1 Ranch 2,152 0.62 5 3-0
- 6 Farmers Road 7/29/2022 $1,585,000 0.1 Vacant Land 0.55 -
- 110 Herring Creek Road 2/6/2013 $1 0.1 Cape Cod 3,385 2.11 5 4-1
- 1 North Farms Road 10/5/1990 $258,000 0.1 Standard Plus 1,736 0.71 4 2-1
- 3 Lexington Avenue 8/12/2002 $1 0.1 Ranch 700 0.5 2 1-0
- 35 Crocker Drive 8/11/2021 $1 0.1 Vacant Land 0.48 -
- 104 Herring Creek Road 4/6/2005 $1 0.1 Ranch 1,548 0.39 3 2-0
Averages 4835 days $440,032 0.08 --- 2,035 0.73 --- ---  
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
36 147 2 7 North Farms Road