7 Welchs Way, Edgartown, MA 02539

7 Welchs Way Edgartown MA 02539
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Owner Information
Owner 1
Matthew Heerwagen
Owner 2
Jennifer Lee Heerwagen
Owner's Address
18 Chestnut Hill Road Loudonville, NY 12211
Market Sale Information
Most recent sale date
10/15/2020
Previous sale date
7/21/2020
Transfer document #
1547-244
Previous transfer document
1535-829
Grantor
William E Welch
Previous grantor
Christine M Thomson
Most recent sale price
$1,195,000.00
Previous sale price
$1.00
Site Information
Property ID
36-97-4
Lot Size
0.52
Use Code
101 - Residential, single family
Zoning
R20
Building Style
Colonial
Number of Rooms
Stories
2
Number of Beds
3
Year Built
1979
Number of full baths
2
Condition
Number of half baths
0
Finished Area
1632
Number of Kitchen
Gross Living Area
2782
Number of Fireplaces
Bsmnt floot
Number of parking
Interior walls
Drywall/Sheet
Floor type
Carpet
Solar Hot Water
No
Roof Structure
Gambrel
Heating type
Electr Basebrd
Roof Cover
Asph/F Gls/Cmp
Heating fuel
Electric
Frame type
Air Condition (%)
Sidings
Wood Shingle
Assessment Information
Fiscal Year
2024
Land Value
$826,900.00
Total value
$1,375,100.00
Building value
$518,400.00
Estimated tax
$3,506.00
Yard improvement value
$29,800.00
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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 Welchs Way Photo Plan Map Proximity Last Sold Price Net Living Area Stories Sale Price/sft $732.23 Style Colonial Age 1979 Rooms Bedrooms 3 Full baths 2 Half baths 0 Gross Living Area 2782 Heating Fuel Electric Detached Garage Lot Size 0.52 Roof Cover Asph/F Gls/Cmp AEM Value - Building $518,400.00 AEM Value - Land $826,900.00 AEM Value - Other $29,800.00 AEM Value - Total $1,375,100.00
A) 34 Knoll Drive 0.4 8/13/2024 $1,625,000 1,279 1 $1270.52 Cape Cod 1971 3 1 0 3512 Electric 0.36 Asph/F Gls/Cmp $495,000 $812,100 $2,200 $1,309,300
B) 28 Vickers Street 0.5 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 $856,000 $571,800 $0 $1,427,800
C) 15 Deacon Vincent Way 0.6 9/11/2024 $1,785,000 1,456 2 $1225.96 Colonial 1983 3 1 1 2844 Electric 0.55 Asph/F Gls/Cmp $429,000 $893,300 $2,000 $1,324,300
D) 11 Deacon Vincent Way 0.6 8/12/2024 $1,675,000 1,250 2 $1340.00 Colonial 1986 4 1 1 2937 Electric 0.5 Asph/F Gls/Cmp $394,200 $888,500 $700 $1,283,400
# Address Last Sold Sale Price Dist(m) Style LA (sq ft) Lot(ac) BR F-HB
@ 7 Welchs Way 10/15/2020 $1,195,000 0 Colonial 1,632 0.52 3 2-0 -
  Criteria
A 34 Knoll Drive 8/13/2024 $1,625,000 0.4 Cape Cod 1,279 0.36 3 1-0
B 28 Vickers Street 5/1/2024 $1,900,000 0.5 Standard Plus 1,862 0.51 4 2-1
C 15 Deacon Vincent Way 9/11/2024 $1,785,000 0.6 Colonial 1,456 0.55 3 1-1
D 11 Deacon Vincent Way 8/12/2024 $1,675,000 0.6 Colonial 1,250 0.5 4 1-1
Averages 65 days $1,746,250 0.51 --- 1,462 0.48 --- ---  

Estimation of Market Value - $1,873,362

As of today, 09/27/2024, the estimated market value of 7 Welchs Way, Edgartown considering the above 4 comparable properties is $1,873,362.

 

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 Welchs Way 10/15/2020 $1,195,000 0 Colonial 1,632 0.52 3 2-0 -
  Criteria
A 2 Farmers Road 1/5/1989 $1 0.0 Cape Cod 1,152 0.56 2 1-0
B 5 Welchs Way 12/15/2014 $1,000,000 0.0 Colonial 1,932 0.52 4 2-1
C 6 Welchs Way 6/8/1994 $1 0.0 Colonial 1,496 0.54 2 1-1
D 4 Welchs Way 10/26/2006 $1,025,000 0.0 Cape Cod 2,381 0.54 3 3-0
E 10 North Farms Road 11/15/2022 $1 0.0 Standard Plus 2,580 0.97 4 3-0
F 6 Farmers Road 7/29/2022 $1,585,000 0.0 Vacant Land 0.55 -
G 9 North Farms Road 2/12/2009 $1 0.0 Standard Plus 3,148 1.08 4 3-0
H 5 Lexington Avenue 6/8/1994 $1 0.1 Cape Cod 2,153 0.5 4 3-0
I 2 Welchs Way 4/3/2000 $220,000 0.1 Cape Cod 2,058 0.54 3 2-0
J 14 Muskoday Lane 9/16/2024 $2,300,000 0.1 Cape Cod 2,327 0.52 4 2-0
K 3 Lexington Avenue 8/12/2002 $1 0.1 Ranch 700 0.5 2 1-0
L 8 North Farms Road 8/5/2015 $378,932 0.1 Standard Plus 2,134 0.96 4 2-0
M 8 Farmers Road 6/5/2019 $1 0.1 Custom 3,296 0.6 4 3-0
N 105 Herring Creek Road 12/29/2016 $1 0.1 Cape Cod 3,011 0.98 6 3-1
O 7 North Farms Road 10/14/2014 $1 0.1 Standard Plus 3,173 0.71 4 3-1
P 107 Herring Creek Road 10/21/2020 $1 0.1 Colonial 1,852 0.5 4 2-1
Q 109 Herring Creek Road 11/24/2015 $1,275,000 0.1 Colonial 2,750 0.5 3 3-0
R 5 Waller Way 3/10/2003 $495,000 0.1 Cape Cod 1,274 0.56 2 1-1
S 2 Lexington Avenue 5/31/2023 $1,550,000 0.1 Ranch 1,519 0.5 3 1-1
T 101 Herring Creek Road 2/15/2018 $1,500,000 0.1 Ranch 2,152 0.62 5 3-0
U 1 Muskoday Way 10/23/2020 $1,550,000 0.1 Cape Cod 2,194 0.5 3 2-0
V 111 Herring Creek Road 12/29/1988 $105,000 0.1 Ranch 2,927 1 6 2-1
W 11 Muskoday Lane 12/10/2009 $1 0.1 Custom 0.92 5 4-2
X 6 North Farms Road 1/28/2020 $1 0.1 Standard Plus 2,711 0.78 4 4-0
Y 15 Muskoday Lane 8/18/2016 $1,150,000 0.1 Ranch 2,268 0.86 4 3-0
Z 17 Muskoday Lane 1/6/2011 $773,000 0.1 Colonial 1,632 0.53 4 2-0
- 3 Muskoday Way 3/14/2022 $1,900,000 0.1 Cape Cod 1,054 0.42 4 2-0
- 33 Crocker Drive 5/1/2018 $1 0.1 Colonial 2,340 0.46 5 2-1
- 35 Crocker Drive 8/11/2021 $1 0.1 Vacant Land 0.48 -
- 39 Crocker Drive 8/4/2015 $1 0.1 Colonial 1,792 0.46 4 2-
- 2 Muskoday Way 11/14/2016 $1,175,000 0.1 Custom 1 6 5-2
- 115 Herring Creek Road 9/14/2015 $1 0.1 Custom 2,185 0.56 3 2-1
- 31 Crocker Drive 2/5/2014 $1 0.1 Ranch 1,284 0.43 2 1-0
- 5 North Farms Road 12/30/1994 $80,000 0.1 Standard Plus 2,146 0.76 4 2-1
- 41 Crocker Drive 4/27/2018 $1 0.1 Standard Plus 1,484 0.46 4 2-1
- 104 Herring Creek Road 4/6/2005 $1 0.1 Ranch 1,548 0.39 3 2-0
Averages 4568 days $501,721 0.08 --- 1,851 0.63 --- ---  
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 97 4 7 Welchs Way