16 Mercier Way, Edgartown, MA 02539

16 Mercier Way Edgartown MA 02539
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Owner Information
Owner 1
Ramamurthy Mani
Owner 2
Raji Balasubramanian
Owner's Address
84 Highland Circle Wayland, MA 01778
Market Sale Information
Most recent sale date
3/25/2020
Previous sale date
12/29/2011
Transfer document #
80-337
Previous transfer document
0071-0249
Grantor
Norma B Stanton
Previous grantor
Richard J Stanton
Most recent sale price
$1,400,000.00
Previous sale price
$1.00
Site Information
Property ID
36-91
Lot Size
0.49
Use Code
101 - Residential, single family
Zoning
R20
Building Style
Cape Cod
Number of Rooms
0
Stories
1.75
Number of Beds
3
Year Built
1996
Number of full baths
2
Condition
Number of half baths
1
Finished Area
2580
Number of Kitchen
Gross Living Area
6540
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
Oil
Frame type
Air Condition (%)
Sidings
Wood Shingle
Assessment Information
Fiscal Year
2023
Land Value
$588,900.00
Total value
$1,699,700.00
Building value
$1,110,800.00
Estimated tax
$4,283.00
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 16 Mercier Way Photo Plan Map Proximity Last Sold Price Net Living Area Stories Sale Price/sft $542.64 Style Cape Cod Age 1996 Rooms 0 Bedrooms 3 Full baths 2 Half baths 1 Gross Living Area 6540 Heating Fuel Oil Detached Garage Lot Size 0.49 Roof Cover Asph/F Gls/Cmp AEM Value - Building $1,110,800.00 AEM Value - Land $588,900.00 AEM Value - Other $0.00 AEM Value - Total $1,699,700.00
A) 7 Katama Drive 0.5 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 0.6 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
C) 109 School Street 1.0 4/9/2024 $3,800,000 3,193 1.75 $1190.10 Custom 1900 6 4 0 4453 Oil 0.17 Asph/F Gls/Cmp $1,594,800 $1,024,500 $0 $2,619,300
# Address Last Sold Sale Price Dist(m) Style LA (sq ft) Lot(ac) BR F-HB
@ 16 Mercier Way 3/25/2020 $1,400,000 0 Cape Cod 2,580 0.49 3 2-1 -
  Criteria
A 7 Katama Drive 2/9/2024 $4,465,000 0.5 Standard Plus 3,116 0.46 3 3-1
B 10 Gerts Way 6/14/2024 $2,315,000 0.6 Colonial 2,404 0.5 4 2-1
C 109 School Street 4/9/2024 $3,800,000 1.0 Custom 3,193 0.17 6 4-0
Averages 81 days $3,526,667 0.70 --- 2,904 0.38 --- ---  

Estimation of Market Value - $2,828,034

As of today, 07/01/2024, the estimated market value of 16 Mercier Way, Edgartown considering the above 3 comparable properties is $2,828,034.

 

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
@ 16 Mercier Way 3/25/2020 $1,400,000 0 Cape Cod 2,580 0.49 3 2-1 -
  Criteria
A 11 Marthas Way 8/8/2022 $1 0.0 Colonial 0.52 4 2-0
B 15 Mercier Way 4/29/2015 $1 0.0 Cape Cod 1,495 0.25 3 2-0
C 18 Mercier Way 8/30/2018 $800,000 0.0 Ranch 896 0.25 2 1-0
D 9 Marthas Way 8/20/2019 $1 0.0 Vacant Land 0.52 -
E 19 Mercier Way 10/3/2008 $1 0.0 Vacant Land 0.25 -
F 11 Mercier Way 8/20/1980 $13,500 0.0 Cape Cod 1,666 0.37 3 2-0
G 12 Mercier Way 2/26/2021 $10 0.0 Cape Cod 2,268 0.49 3 2-0
H 15 Marthas Way 8/20/2019 $1 0.0 Colonial 915 0.52 1 1-0
I 14 Knoll Drive 2/18/2014 $1 0.0 Cape Cod 2,126 0.43 2 2-0
J 20 Mercier Way 7/18/2008 $1 0.0 Cape Cod 1,826 0.25 3 1-0
K 16 Knoll Drive 5/9/2013 $580,000 0.0 Standard Plus 2,688 0.36 4 3-0
L 7 Marthas Way 4/11/2008 $1 0.1 Standard Basic 912 0.52 2 1-0
M 9 Mercier Way 12/28/2012 $1 0.1 Cape Cod 1,536 0.37 3 2-0
N 14 Marthas Way 1/8/1993 $1 0.1 Ranch 1,344 0.51 3 2-0
O 12 Marthas Way 1/8/1993 $1 0.1 Standard Plus 1,250 0.51 1 1-0
P 12 Knoll Drive 11/19/2008 $899,000 0.1 Ranch 2,078 0.36 3 2-1
Q 22 Knoll Drive 12/10/2020 $1 0.1 Cape Cod 4,273 0.72 4 3-1
R 16 Marthas Way 10/1/2018 $1,150,000 0.1 Cape Cod 953 0.51 2 1-0
S 8 Marthas Way 10/4/2022 $1,538,300 0.1 Cape Cod 1,939 0.51 3 2-0
T 8 Mercier Way 4/3/2017 $1 0.1 Ranch 1,280 0.49 2 1-0
U 7 Mercier Way 11/28/2011 $1 0.1 Standard Plus 1,496 0.25 3 2-0
V 22 Mercier Way 1/4/1984 $92,000 0.1 Ranch 2,384 0.83 4 4-0
W 3 Marthas Way 12/18/1979 $0 0.1 Ranch 1,248 0.52 3 2-0
X 21 Mercier Way 2/9/1998 $1 0.1 Camp 256 0.74 1-0
Y 1 Mercier Lane 11/10/1997 $154,000 0.1 Standard Basic 576 1.2 2 1-1
Z 15 Knoll Drive 8/11/2022 $1 0.1 Colonial 1,443 0.68 2 1-1
- 17 Knoll Drive 8/21/2003 $1 0.1 Cape Cod 3,363 0.65 4 3-1
- 11 Knoll Drive 9/3/1976 $0 0.1 Colonial 3,477 0.7 5 3-0
- 258 Katama Road 10/16/2013 $2,350,000 0.1 Ranch 744 0.85 1 1-1
- 256 Katama Road 7/2/2020 $1 0.1 Custom 1,356 0.6 3 2-0
- 5 Mercier Way 9/1/1978 $0 0.1 Colonial 2,193 0.25 4 3-0
- 10 Puwal Lane 8/23/2022 $5,600,000 0.1 Standard Plus 5,956 0.53 4 4-1
- 26 Knoll Drive 7/28/2011 $1,696,000 0.1 Custom 3,953 0.72 4 4-1
- 6 Knoll Drive 3/1/1978 $0 0.1 Ranch 1,432 0.72 4 2-0
- 3 Mercier Lane 9/8/1999 $465,000 0.1 Cape Cod 2,006 0.67 4 2-0
- 21 Knoll Drive 4/18/2000 $1 0.1 Colonial 0.63 4 4-0
- 9 Knoll Drive 8/11/2016 $1 0.1 Ranch 1,008 0.36 2 1-0
- 1 Marthas Way 10/8/2015 $560,000 0.1 Ranch 1,482 0.53 3 2-0
- 4 Mercier Way 10/24/2017 $1 0.1 Cape Cod 2,180 0.51 3 2-0
- 5 Mercier Lane 9/7/2007 $1 0.1 Standard Basic 462 0.52 2 1-0
- 8 Puwal Lane 12/21/2017 $849,000 0.1 Standard Plus 4,838 0.53 3 3-1
- 260 Katama Road 2/3/2016 $1 0.1 Vacant Land 0.67 -
- 7 Knoll Drive 4/1/1999 $239,000 0.1 Cape Cod 2,386 0.63 4 2-0
- 4 Knoll Drive 10/11/2006 $1 0.1 Colonial 2,128 0.36 3 2-0
- 25 Mercier Way 9/24/2020 $1,540,000 0.1 Cape Cod 2,481 0.32 3 3-0
Averages 6050 days $411,685 0.08 --- 1,740 0.53 --- ---  
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 91 16 Mercier Way