5 Mercier Way, Edgartown, MA 02539

5 Mercier Way Edgartown MA 02539
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Owner Information
Owner 1
Norman N Rankow
Owner 2
Owner's Address
Box 1276 Edgartown, MA 02539
Market Sale Information
Most recent sale date
9/1/1978
Previous sale date
Transfer document #
00024-0083
Previous transfer document
Grantor
Previous grantor
Most recent sale price
$0.00
Previous sale price
N/A
Site Information
Property ID
36-82
Lot Size
0.25
Use Code
101 - Residential, single family
Zoning
R20
Building Style
Colonial
Number of Rooms
Stories
2
Number of Beds
4
Year Built
1979
Number of full baths
3
Condition
Number of half baths
0
Finished Area
2193
Number of Kitchen
Gross Living Area
4458
Number of Fireplaces
Bsmnt floot
Number of parking
Interior walls
Drywall/Sheet
Floor type
Pine/Soft Wood
Solar Hot Water
No
Roof Structure
Salt Box
Heating type
Forced Air-Duc
Roof Cover
Wood Shingle
Heating fuel
Gas
Frame type
Air Condition (%)
Sidings
Wood Shingle
Assessment Information
Fiscal Year
2023
Land Value
$560,700.00
Total value
$1,601,200.00
Building value
$1,040,500.00
Estimated tax
$4,035.00
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 Mercier Way Photo Plan Map Proximity Last Sold Price Net Living Area Stories Sale Price/sft $0.00 Style Colonial Age 1979 Rooms Bedrooms 4 Full baths 3 Half baths 0 Gross Living Area 4458 Heating Fuel Gas Detached Garage Lot Size 0.25 Roof Cover Wood Shingle AEM Value - Building $1,040,500.00 AEM Value - Land $560,700.00 AEM Value - Other $0.00 AEM Value - Total $1,601,200.00
A) 10 Gerts Way 0.7 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
B) 28 Vickers Street 0.8 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 0.8 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
D) 10 High Street 0.9 5/10/2024 $3,000,000 1,748 2 $1716.25 Custom 1915 3 1 1 2696 Oil 0.15 Asph/F Gls/Cmp $867,000 $1,627,100 $0 $2,494,100
# Address Last Sold Sale Price Dist(m) Style LA (sq ft) Lot(ac) BR F-HB
@ 5 Mercier Way 9/1/1978 $0 0 Colonial 2,193 0.25 4 3-0 -
  Criteria
A 10 Gerts Way 6/14/2024 $2,315,000 0.7 Colonial 2,404 0.5 4 2-1
B 28 Vickers Street 5/1/2024 $1,900,000 0.8 Standard Plus 1,862 0.51 4 2-1
C 41 Road to the Plains 1/24/2024 $1,800,000 0.8 Colonial 1,800 0.97 3 2-0
D 10 High Street 5/10/2024 $3,000,000 0.9 Custom 1,748 0.15 3 1-1
Averages 72 days $2,253,750 0.80 --- 1,954 0.53 --- ---  

Estimation of Market Value - $2,335,148

As of today, 07/01/2024, the estimated market value of 5 Mercier Way, Edgartown considering the above 4 comparable properties is $2,335,148.

 

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 Mercier Way 9/1/1978 $0 0 Colonial 2,193 0.25 4 3-0 -
  Criteria
A 7 Mercier Way 11/28/2011 $1 0.0 Standard Plus 1,496 0.25 3 2-0
B 6 Knoll Drive 3/1/1978 $0 0.0 Ranch 1,432 0.72 4 2-0
C 4 Knoll Drive 10/11/2006 $1 0.0 Colonial 2,128 0.36 3 2-0
D 4 Mercier Way 10/24/2017 $1 0.0 Cape Cod 2,180 0.51 3 2-0
E 8 Mercier Way 4/3/2017 $1 0.0 Ranch 1,280 0.49 2 1-0
F 1 Mercier Way 12/18/2013 $1 0.0 Ranch 1,788 0.49 3 2-0
G 9 Mercier Way 12/28/2012 $1 0.0 Cape Cod 1,536 0.37 3 2-0
H 2 Knoll Drive 3/25/2011 $750,000 0.0 Cape Cod 0.35 3 3-1
I 1 Marthas Way 10/8/2015 $560,000 0.1 Ranch 1,482 0.53 3 2-0
J 3 Marthas Way 12/18/1979 $0 0.1 Ranch 1,248 0.52 3 2-0
K 5 Knoll Drive 4/16/2014 $1 0.1 Cape Cod 2,604 0.51 4 2-0
L 12 Knoll Drive 11/19/2008 $899,000 0.1 Ranch 2,078 0.36 3 2-1
M 12 Mercier Way 2/26/2021 $10 0.1 Cape Cod 2,268 0.49 3 2-0
N 7 Knoll Drive 4/1/1999 $239,000 0.1 Cape Cod 2,386 0.63 4 2-0
O 1 Knoll Drive 9/19/2016 $1,849,000 0.1 Custom 1,930 0.51 4 2-0
P 7 Marthas Way 4/11/2008 $1 0.1 Standard Basic 912 0.52 2 1-0
Q 11 Mercier Way 8/20/1980 $13,500 0.1 Cape Cod 1,666 0.37 3 2-0
R 9 Knoll Drive 8/11/2016 $1 0.1 Ranch 1,008 0.36 2 1-0
S 14 Knoll Drive 2/18/2014 $1 0.1 Cape Cod 2,126 0.43 2 2-0
T 256 Katama Road 7/2/2020 $1 0.1 Custom 1,356 0.6 3 2-0
U 1 Guernsey Lane 12/4/2009 $1 0.1 Colonial 3,974 1.8 8 4-0
V 9 Marthas Way 8/20/2019 $1 0.1 Vacant Land 0.52 -
W 11 Knoll Drive 9/3/1976 $0 0.1 Colonial 3,477 0.7 5 3-0
X 243 Katama Road 4/27/2021 $6,000,000 0.1 Custom 4,373 1.53 6 6-2
Y 16 Mercier Way 3/25/2020 $1,400,000 0.1 Cape Cod 2,580 0.49 3 2-1
Z 232 Katama Road 5/15/2012 $700,000 0.1 Ranch 880 0.59 1 1-0
- 15 Mercier Way 4/29/2015 $1 0.1 Cape Cod 1,495 0.25 3 2-0
- 8 Marthas Way 10/4/2022 $1,538,300 0.1 Cape Cod 1,939 0.51 3 2-0
- 4 Metells Way 11/4/2003 $1,100,000 0.1 Custom 2,882 0.89 4 3-0
- 16 Knoll Drive 5/9/2013 $580,000 0.1 Standard Plus 2,688 0.36 4 3-0
- 253 Katama Road 12/27/2017 $767,125 0.1 Custom 4,430 0.69 5 4-1
- 258 Katama Road 10/16/2013 $2,350,000 0.1 Ranch 744 0.85 1 1-1
- 15 Knoll Drive 8/11/2022 $1 0.1 Colonial 1,443 0.68 2 1-1
- 11 Marthas Way 8/8/2022 $1 0.1 Colonial 0.52 4 2-0
- 8 Metells Way 8/20/1996 $62,500 0.1 Cape Cod 1,672 0.73 3 2-1
- 12 Marthas Way 1/8/1993 $1 0.1 Standard Plus 1,250 0.51 1 1-0
- 10 Metells Way 9/25/2015 $1,150,000 0.1 Cape Cod 2,081 0.69 3 2-1
- 19 Mercier Way 10/3/2008 $1 0.1 Vacant Land 0.25 -
- 12 Kent Harbor Road 10/18/2013 $1 0.1 Standard Plus 2,776 1.1 4 2-0
- 10 Kent Harbor Road 5/12/1998 $273,500 0.1 Standard Plus 2,707 0.95 4 3-0
Averages 5433 days $505,799 0.08 --- 1,857 0.6 --- ---  
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 82 5 Mercier Way