11 Hotchkiss Lane, Edgartown, MA 02539

11 Hotchkiss Lane Edgartown MA 02539
Owner Information
Owner 1
Sharon A Vitti
Owner 2
Owner's Address
39 Locke Road Newton, MA 02468
Market Sale Information
Most recent sale date
5/3/2012
Previous sale date
2/8/2011
Transfer document #
1278-1086
Previous transfer document
1237-0166
Grantor
Sharon A Vitti
Previous grantor
Sharon Vitti
Most recent sale price
$1.00
Previous sale price
$1.00
Site Information
Property ID
37-48-7
Lot Size
0.76
Use Code
101 - Residential, single family
Zoning
R20
Building Style
Cape Cod
Number of Rooms
6
Stories
1.75
Number of Beds
3
Year Built
1998
Number of full baths
2
Condition
Number of half baths
0
Finished Area
2113
Number of Kitchen
Gross Living Area
4862
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
2024
Land Value
$587,100.00
Total value
$1,540,900.00
Building value
$949,700.00
Estimated tax
$3,929.00
Yard improvement value
$4,100.00
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 11 Hotchkiss Lane Photo Plan Map Proximity Last Sold Price Net Living Area Stories Sale Price/sft $0.00 Style Cape Cod Age 1998 Rooms 6 Bedrooms 3 Full baths 2 Half baths 0 Gross Living Area 4862 Heating Fuel Gas Detached Garage Lot Size 0.76 Roof Cover Asph/F Gls/Cmp AEM Value - Building $949,700.00 AEM Value - Land $587,100.00 AEM Value - Other $4,100.00 AEM Value - Total $1,540,900.00
A) 1 Old Squaw Circle 0.4 8/6/2024 $2,125,000 2,008 1.75 $1058.27 Cape Cod 1996 8 4 2 1 4569 Gas 0.63 Asph/F Gls/Cmp $905,100 $579,200 $2,500 $1,486,800
B) 28 Vickers Street 0.4 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) 10 Gerts Way 0.4 6/14/2024 $2,315,000 2,404 2 $962.98 Colonial 1987 4 2 1 4583 Gas 0.5 Asph/F Gls/Cmp $925,700 $729,900 $7,400 $1,663,000
D) 18 Cormorant Circle 0.8 9/30/2024 $1,900,000 2,042 2 $930.46 Colonial 1996 8 3 3 0 3676 Gas 0.51 Asph/F Gls/Cmp $681,300 $571,800 $57,600 $1,310,700
E) 14 Muskoday Lane 0.9 9/16/2024 $2,300,000 2,327 1.75 $988.40 Cape Cod 1987 4 2 0 5662 Electric 0.52 Asph/F Gls/Cmp $1,126,900 $731,500 $1,500 $1,859,900
# Address Last Sold Sale Price Dist(m) Style LA (sq ft) Lot(ac) BR F-HB
@ 11 Hotchkiss Lane 5/3/2012 $1 0 Cape Cod 2,113 0.76 3 2-0 -
  Criteria
A 1 Old Squaw Circle 8/6/2024 $2,125,000 0.4 Cape Cod 2,008 0.63 4 2-1
B 28 Vickers Street 5/1/2024 $1,900,000 0.4 Standard Plus 1,862 0.51 4 2-1
C 10 Gerts Way 6/14/2024 $2,315,000 0.4 Colonial 2,404 0.5 4 2-1
D 18 Cormorant Circle 9/30/2024 $1,900,000 0.8 Colonial 2,042 0.51 3 3-0
E 14 Muskoday Lane 9/16/2024 $2,300,000 0.9 Cape Cod 2,327 0.52 4 2-0
Averages 70 days $2,108,000 0.57 --- 2,129 0.53 --- ---  

Estimation of Market Value - $2,094,331

As of today, 10/04/2024, the estimated market value of 11 Hotchkiss Lane, Edgartown considering the above 5 comparable properties is $2,094,331.

 

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
@ 11 Hotchkiss Lane 5/3/2012 $1 0 Cape Cod 2,113 0.76 3 2-0 -
  Criteria
A 13 Hotchkiss Lane 11/15/1996 $63,000 0.0 Cape Cod 2,328 0.74 3 2-1
B 9 Hotchkiss Lane 12/21/2012 $1,800,000 0.0 Custom 3,753 0.76 3 3-2
C 4 Wilsons Lane 5/13/2008 $1 0.0 Vacant Land 0.85 -
D 12 Hotchkiss Lane 12/12/2017 $1 0.0 Colonial 1,320 0.67 3 2-0
E 10 Hotchkiss Lane 9/11/2020 $900,000 0.1 Colonial 1,320 0.61 3 2-0
F 3 Wilsons Lane 4/17/2018 $1 0.1 Cape Cod 2,028 0.87 3 2-1
G 7 Hotchkiss Lane 9/11/2009 $1,100,000 0.1 Ranch 2,652 0.76 3 3-1
H 61 Road to the Plains 9/14/2016 $1 0.1 Vacant Land 1 -
I 63 Road to the Plains 12/8/2020 $0 0.1 Modern/Contemporary 1,490 0.52 3 2-0
J 6 Hotchkiss Lane 12/19/2007 $1 0.1 Colonial 1,200 0.56 3 2-0
K 65 Road to the Plains 1/10/2022 $2,500,000 0.1 Cape Cod 1,512 0.63 3 2-1
L 5 Hotchkiss Lane 11/15/1996 $185,900 0.1 Modern/Contemporary 1,502 0.75 3 2-0
M 1 Wilsons Lane 3/9/2012 $1 0.1 Vacant Land 0.82 -
N 159 Meetinghouse Way 3/21/1997 $216,000 0.1 Modern/Contemporary 1,490 0.66 3 2-0
O 2 Hotchkiss Lane 12/3/2021 $1 0.1 Modern/Contemporary 1,610 0.6 4 2-0
P 3 Hotchkiss Lane 6/23/1995 $1 0.1 Modern/Contemporary 1,512 0.76 3 2-0
Q 62 Road to the Plains 5/14/2012 $1 0.1 Standard Plus 1,352 0.61 3 1-0
R 4 Court Street 9/11/1995 $152,250 0.1 Standard Plus 1,308 0.61 3 1-1
S 64 Road to the Plains 10/8/2021 $1,150,000 0.1 Modern/Contemporary 1,020 0.59 3 2-0
T 57 Road to the Plains 12/3/1971 $0 0.1 Colonial 1,840 0.73 4 2-0
Averages 5795 days $403,358 0.08 --- 1,462 0.71 --- ---  
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
37 48 7 11 Hotchkiss Lane