15 Lake Avenue, Oak Bluffs, MA 02557

15 Lake Avenue Oak Bluffs MA 02557
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Owner Information
Owner 1
Marthas Vineyard Preservation Trust Inc
Owner 2
Owner's Address
P O Box 5277 Edgartown, MA 02539
Market Sale Information
Most recent sale date
Previous sale date
Transfer document #
464-719
Previous transfer document
Grantor
Previous grantor
Most recent sale price
$240,000.00
Previous sale price
N/A
Site Information
Property ID
9-33-0
Lot Size
0.08
Use Code
951 - Other
Zoning
B1
Building Style
Commercial
Number of Rooms
Stories
1
Number of Beds
Year Built
1870
Number of full baths
Condition
Number of half baths
Finished Area
3047
Number of Kitchen
Gross Living Area
Number of Fireplaces
Bsmnt floot
Number of parking
Interior walls
Minimum
Floor type
Softwood
Solar Hot Water
No
Roof Structure
Gable
Heating type
None Neutered
Roof Cover
Asph/Cmp Shin
Heating fuel
Wood
Frame type
Wood Frame
Air Condition (%)
0
Sidings
Vert Board
Assessment Information
Fiscal Year
2025
Land Value
$1,315,600.00
Total value
$1,771,900.00
Building value
$456,300.00
Estimated tax
$8,700.00
Yard improvement value
$0.00
Flood Map MassMapper Google Street View
Certified Mass Appraisal
200820092010201120142015201620172018201920202021202220232024$0$200,000$400,000$600,000$800,000$1,000,000$1,200,000$1,400,000$1,600,000$1,800,000$2,000,000Total Assessment ($)ImprovementsLandBuildingTotal Assessment
Comparable Properties
15 Lake Avenue$0$200,000$400,000$600,000$800,000$1,000,000$1,200,000$1,400,000$1,600,000$1,800,000$2,000,000Subject PropertyTotal Assessment ($)Total Assessment
Address 15 Lake Avenue
Photo
Plan
Map
Proximity
Last Sold
Price
Net Living Area
Stories
Sale Price/sft $78.77
Style Commercial
Age 1870
Rooms
Bedrooms
Full baths
Half baths
Gross Living Area
Heating Fuel Wood
Detached Garage
Lot Size 0.08
Roof Cover Asph/Cmp Shin
AEM Value - Building $456,300.00
AEM Value - Land $1,315,600.00
AEM Value - Other $0.00
AEM Value - Total $1,771,900.00
# Address Last Sold Sale Price Dist(m) Style LA (sq ft) Lot(ac) BR F-HB
@ 15 Lake Avenue $240,000 0 Commercial 3,047 0.08 - -
  Criteria

Estimation of Market Value

No comparable properties were found using the default criteria. Please click on the columns in the Comparables table and expand the criteria until at least 3 comparable properties are identified

 

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
Subject Property8 Circuit Avenue Extension Unit 98 Circuit Avenue Extension Unit 20 Oak Bluffs Harbor8 Circuit Avenue Extension Unit 128 Circuit Avenue Extension Unit 108 Circuit Avenue Extension Unit 38 Circuit Avenue Extension Unit 88 Circuit Avenue Extension Unit 150 Circuit Avenue Extension8 Circuit Avenue Extension Unit 78 Circuit Avenue Extension Unit 140 Lake Avenue31 Lake Avenue30 Lake Avenue1 Circuit Avenue5 Circuit Avenue15 Lake Avenue23 Lake Avenue0 Oak Bluffs Harbor30 Circuit Avenue6 Circuit Avenue Extension29 Lake Avenue11 Circuit Avenue47 Ocean Avenue24 Circuit Avenue27 Lake Avenue9 Circuit Avenue Extension$0$500,000$1,000,000$1,500,000$2,000,000$2,500,000$3,000,000$3,500,000$4,000,000Total Assessment ($)Total Assessment
# Address Last Sold Sale Price Dist(m) Style LA (sq ft) Lot(ac) BR F-HB
@ 15 Lake Avenue $240,000 0 Commercial 3,047 0.08 - -
  Criteria
A 10 Oak Bluffs Avenue 12/15/2017 $700,000 0.0 Store(Sm. Ret) 1,546 0.04 -
B 14 Oak Bluffs Avenue 6/30/2023 $1,100,000 0.0 Bank 951 0.02 -
C 18 Lake Avenue 6/3/1999 $0 0.0 Restaurant 4,814 0.16 -
D 7 Ocean Avenue 1/9/1900 $0 0.0 Churches 2,719 0.22 -
E 4 Circuit Avenue 6/24/2014 $975,000 0.0 Restaurant 4,056 0.06 -
F 12 Kennebec Avenue $0 0.0 Apartments 2,251 0.07 -
G 2 Oak Bluffs Avenue 1/9/1900 $0 0.0 Police Station 6,512 0.38 -
H 5 Oak Bluffs Avenue 10/3/1988 $300,000 0.0 Lodging 2,055 0.02 -
I 14 Kennebec Avenue 11/1/2019 $690,000 0.0 Restaurant 1,635 0.05 -
J 6 Circuit Avenue $0 0.0 Restaurant 15,152 0.15 -
K 11 Oak Bluffs Avenue 12/19/2014 $1 0.0 Store(Sm. Ret) 409 0.04 -
L 9 Oak Bluffs Avenue Unit 1 5/14/1993 $500,000 0.0 Condo 6,999 0 -
M 9 Oak Bluffs Avenue Unit 2 12/19/2008 $800,000 0.0 Condo 6,579 0 -
N 15 Ocean Avenue 7/8/2004 $310,250 0.0 Antique 1,992 0.07 4 2-1
O 1 Circuit Avenue 10/12/2011 $0 0.0 Theater(Encl) 4,413 0.13 -
P 17 Kennebec Avenue 1/9/1900 $0 0.0 0.05 -
Q 7 Oak Bluffs Avenue 6/30/1992 $500 0.0 Lodging 14,989 0.23 -
R 23 Lake Avenue $325,000 0.0 Restaurant 2,294 0.12 -
S 17 Ocean Avenue 9/24/2013 $690,000 0.0 Antique 1,230 0.07 4 1-0
T 8 Circuit Avenue 2/26/2001 $1 0.0 Store(Sm. Ret) 1,440 0.03 -
U 18 Kennebec Avenue 12/19/2005 $1,000,000 0.0 Motel/Hotel 5,284 0.11 -
V 5 Circuit Avenue 8/19/1993 $160,340 0.0 Store(Sm. Ret) 2,550 0.09 -
W 3 Oak Bluffs Avenue 1/9/1900 $0 0.0 Bank 2,214 0.28 -
X 19 Ocean Avenue 12/28/2012 $10 0.0 Antique 2,123 0.07 7 3-1
Y 21 Kennebec Avenue Unit 1A 2/20/2014 $100 0.0 Condo 660 0 -
Z 21 Kennebec Avenue Unit 1A2 5/25/2023 $500,000 0.0 Condo 660 0 -
- 21 Kennebec Avenue Unit 1A3 4/10/2017 $485,000 0.0 Condo 879 0 2 1-0
- 21 Kennebec Avenue Unit 1A4 4/26/2019 $555,000 0.0 Condo 879 0 2 1-0
- 21 Kennebec Avenue Unit 1A5 3/16/2007 $420,000 0.0 Condo 985 0 1 1-0
- 21 Kennebec Avenue Unit 1A6 12/11/2023 $1,100,000 0.0 Condo 985 0 1 1-0
- 10 Circuit Avenue Unit 1A 6/15/2001 $275,000 0.1 Condo 437 0 -
- 10 Circuit Avenue Unit 2 6/15/2001 $275,000 0.1 Condo 552 0 -
- 10 Circuit Avenue Unit 3 6/19/2001 $145,000 0.1 Condo 633 0 -
- 10 Circuit Avenue Unit 4 3/4/1998 $195,000 0.1 Condo 633 0 -
- 10 Circuit Avenue Unit E 8/5/2005 $335,000 0.1 Condo 1,244 0 2 1-1
- 10 Circuit Avenue Unit F 1/10/2019 $1 0.1 Condo 1,244 0 2 1-1
- 21 Ocean Avenue 12/1/2014 $10 0.1 Antique 1,504 0.05 5 1-1
- 7 Circuit Avenue Extension 2/2/1999 $350,000 0.1 Dry Cln/Laundry 3,070 0.14 -
- 0 Pasque Avenue 3/18/1998 $225,000 0.1 0.13 -
- 22 Kennebec Avenue 6/3/1999 $1 0.1 Old Style 1,470 0.05 4 2-0
- 11 Circuit Avenue 5/15/2023 $5,200,000 0.1 Motel/Hotel 9,360 0.21 -
- 0 Lake Avenue-Ocean Ave 1/9/1900 $0 0.1 0.16 -
- 23 Ocean Avenue 10/24/2014 $10 0.1 Antique 1,645 0.05 5 3-0
- 6 Sea View Avenue Extension 11/2/2001 $500,000 0.1 Flats/Apts 2,800 0.11 2 2-1
- 12 Circuit Avenue 5/13/2021 $1,900,000 0.1 Restaurant 3,172 0.06 -
- 27 Lake Avenue 5/1/2000 $850,000 0.1 Store(Sm. Ret) 4,819 0.35 -
- 24 Kennebec Avenue 4/15/2016 $500,000 0.1 Store(Sm. Ret) 1,515 0.07 -
- 25 Ocean Avenue 10/13/2016 $1,000,000 0.1 Antique 1,657 0.05 4 2-0
- 14 Central Avenue 10/14/2020 $0 0.1 Ginger Campgrou 1,385 0 3 1-0
- 25 Kennebec Avenue 1/9/1900 $0 0.1 0.1 0 0-0
- 14 Circuit Avenue 3/5/2001 $1 0.1 Store(Sm. Ret) 1,920 0.03 -
- 12 Central Avenue 1/9/1900 $0 0.1 Ginger Campgrou 874 0 3 1-0
- 8 Sea View Avenue Extension 2/26/1999 $400,000 0.1 Restaurant 1,764 0.12 -
- 16 Circuit Avenue 4/9/2013 $237,500 0.1 Store(Sm. Ret) 2,016 0.02 -
- 6 Circuit Avenue Extension 2/4/2004 $470,300 0.1 Restaurant 4,620 0.17 -
- 30 Lake Avenue 6/11/1997 $0 0.1 Store(Sm. Ret) 3,224 0 -
- 27 Ocean Avenue 5/16/2018 $10 0.1 Antique 2,247 0.05 6 3-0
- 9 Pasque Avenue 1/9/2014 $550,000 0.1 Conversion 1,543 0.05 4 2-0
- 9 Central Avenue 9/20/2022 $969,000 0.1 Ginger Campgrou 1,387 0 2 2-0
- 8 Circuit Avenue Extension Unit 1 5/23/2003 $425,000 0.1 Retail 460 0 -
- 8 Circuit Avenue Extension Unit 10 5/23/2003 $425,000 0.1 Retail 243 0 -
- 8 Circuit Avenue Extension Unit 12 7/6/2001 $35,000 0.1 Retail 243 0 -
- 8 Circuit Avenue Extension Unit 15 5/23/2003 $425,000 0.1 Retail 356 0 -
- 8 Circuit Avenue Extension Unit 2 5/23/2003 $425,000 0.1 Retail 220 0 -
- 8 Circuit Avenue Extension Unit 3 5/3/2005 $230,000 0.1 Retail 334 0 -
- 8 Circuit Avenue Extension Unit 7 12/1/1999 $215,000 0.1 Retail 454 0 -
- 8 Circuit Avenue Extension Unit 8 5/23/2003 $425,000 0.1 Retail 356 0 -
- 8 Circuit Avenue Extension Unit 9 5/23/2003 $425,000 0.1 Retail 172 0 -
- 7 Pasque Avenue 11/20/2020 $846,000 0.1 Old Style 1,306 0.09 4 2-0
- 33 Ocean Avenue 10/16/2018 $1,296,750 0.1 Antique 1,586 0.16 4 1-1
- 9 Circuit Avenue Extension 1/25/2012 $1,700,000 0.1 Lodging 6,966 0.18 -
- 31 Ocean Avenue 2/9/2007 $0 0.1 Antique 1,324 0.05 5 2-0
- 5 Pasque Avenue 10/12/2011 $499,900 0.1 Old Style 1,126 0.09 3 2-0
- 29 Lake Avenue 1/30/1998 $1 0.1 Restaurant 4,692 0.14 -
- 10 North Bluff Lane 10/4/2012 $218,000 0.1 Colonial 1,256 0.05 3 3-0
- 8 Central Avenue 5/15/2017 $287,298 0.1 Ginger Campgrou 1,711 0 5 1-1
- 20 Circuit Avenue $0 0.1 Store(Sm. Ret) 11,219 0.3 -
- 34 Lake Avenue 12/28/2017 $340,000 0.1 Ginger Campgrou 885 0 4 1-0
- 10 Sea View Avenue Extension 3/30/2001 $405,000 0.1 Old Style 3,105 0.18 5 4-0
- 5 Central Avenue 12/18/2006 $332,500 0.1 Ginger Campgrou 620 0 1 1-0
- 7 Central Avenue 11/16/2022 $795,000 0.1 Ginger Campgrou 1,454 0 4 2-0
- 0 Oak Bluffs Harbor 1/9/1900 $0 0.1 0.05 -
- 36 Lake Avenue 8/24/2018 $1 0.1 Ginger Campgrou 1,661 0 4 1-1
- 1 Rustic Avenue $0 0.1 Ginger Campgrou 748 0 3 1-0
- 30 Kennebec Avenue 12/31/2021 $3,400,000 0.1 Restaurant 4,177 0.1 -
- 35 Ocean Avenue $43,000 0.1 Antique 1,254 0.04 4 2-0
- 38 Lake Avenue $0 0.1 Ginger Campgrou 1,054 0 3 1-0
- 40 Lake Avenue 12/31/2005 $0 0.1 Ginger Campgrou 680 0 3 1-0
- 10 Saco Avenue 2/21/2002 $1 0.1 Old Style 2,013 0.14 3 1-1
- 37 Ocean Avenue 4/24/2008 $101,000 0.1 Antique 2,633 0.06 5 2-1
- 31 Lake Avenue 1/9/1900 $0 0.1 0 0 0-0
- 6 Saco Avenue 11/10/1997 $0 0.1 Old Style 1,650 0.15 3 2-0
- 12 Rustic Avenue $1 0.1 Ginger Campgrou 822 0 3 1-0
- 42 Lake Avenue 8/15/2018 $1 0.1 B&B/Inn 3,825 0 9 6-0
- 6 Rustic Avenue 9/6/2002 $219,000 0.1 Ginger Campgrou 540 0 2 1-0
- 14 Sea View Avenue Extension 6/30/2020 $700,000 0.1 Old Style 1,869 0.18 5 1-1
- 9 Rock Avenue 4/4/2002 $225,000 0.1 Ginger Campgrou 826 0 3 1-1
- 24 Circuit Avenue 7/13/1992 $375,000 0.1 Store(Sm. Ret) 8,780 0.21 -
- 21 Rock Avenue 12/17/1993 $50,000 0.1 Ginger Campgrou 559 0 1 1-0
- 9 David Healey Way 10/28/2021 $3,375,000 0.1 B&B/Inn 4,045 0.06 -
- 5 Rock Avenue 9/23/1994 $0 0.1 Ginger Campgrou 1,011 0 3 1-1
- 0 Oak Bluffs Harbor 1/9/1900 $0 0.1 0.2 0 0-0
- 26 Rustic Avenue 9/30/2019 $1 0.1 Ginger Campgrou 856 0 3 1-0
- 41 Ocean Avenue 10/22/2019 $750,000 0.1 Ranch 464 0.05 1 1-0
- 23 Rock Avenue 8/4/1995 $60,000 0.1 Ginger Campgrou 477 0 1 1-0
- 38 Kennebec Avenue 4/30/2014 $450,000 0.1 Restaurant 2,071 0.06 -
- 20 Rock Avenue 7/26/2002 $0 0.1 Ginger Campgrou 609 0 3 1-0
- 0 Circuit Avenue Extension 4/4/2014 $4,000,000 0.1 0 0 0-0
- 46 Lake Avenue 7/10/2019 $1 0.1 Ginger Campgrou 1,764 0 3 1-1
- 14 Rock Avenue 12/12/2016 $417,000 0.1 Ginger Campgrou 925 0 2 1-0
- 22 Rock Avenue 12/15/2022 $1 0.1 Ginger Campgrou 826 0 2 1-0
- 43 Ocean Avenue 8/6/2018 $1,300,000 0.1 Antique 1,987 0.05 6 1-1
- 8 Rock Avenue 9/11/2020 $620,000 0.1 Ginger Campgrou 955 0 3 1-1
- 48 Lake Avenue 7/18/2016 $1 0.1 Ginger Campgrou 994 0 3 1-1
- 30 Circuit Avenue 6/15/2022 $2,300,000 0.1 Store(Sm. Ret) 5,144 0.15 -
- 1 Hebron Avenue 7/27/2020 $418,000 0.1 Ginger Campgrou 657 0 2 1-0
- 14 Wesleyan Grove 5/18/2018 $1 0.1 Ginger Campgrou 624 0 2 1-0
- 15 Wesleyan Grove 11/13/2015 $374,500 0.1 Ginger Campgrou 835 0 3 1-0
- 13 Wesleyan Grove 1/9/1900 $0 0.1 Ginger Campgrou 817 0 3 1-1
- 72 Trinity Park 12/3/2019 $820,000 0.1 Ginger Campgrou 683 0 2 1-1
- 5 Saco Avenue 9/14/2018 $785,000 0.1 Old Style 1,814 0.17 3 2-2
- 16 Wesleyan Grove $0 0.1 Ginger Campgrou 798 0 3 1-0
- 45 Ocean Avenue $0 0.1 Old Style 1,583 0.12 4 1-0
- 12 Wesleyan Grove 9/17/2010 $425,000 0.1 Ginger Campgrou 1,156 0 3 1-1
- 22 Montgomery Square 9/9/2013 $150,000 0.1 Ginger Campgrou 931 0 3 1-0
- 17 Wesleyan Grove 7/10/2014 $0 0.1 Ginger Campgrou 905 0 4 1-0
- 52 Lake Avenue $0 0.1 Ginger Campgrou 711 0 2 1-0
- 11 Wesleyan Grove $0 0.1 Ginger Campgrou 723 0 3 1-0
- 20 Sea View Avenue Extension 2/14/2014 $1,130,000 0.1 Old Style 2,240 0.2 4 3-0
- 2 Hebron Avenue 8/1/1996 $0 0.1 Ginger Campgrou 671 0 2 1-0
- 54 Lake Avenue 8/17/1994 $0 0.1 Ginger Campgrou 868 0 3 1-1
- 18 Wesleyan Grove 11/21/2003 $300,500 0.1 Ginger Campgrou 1,030 0 4 1-0
- 56 Lake Avenue 9/17/2002 $265,000 0.1 Ginger Campgrou 952 0 3 2-0
- 47 Ocean Avenue 8/2/2019 $1 0.1 Antique 2,422 0.19 6 2-1
Averages 9244 days $431,280 0.08 --- 2,028 0.06 --- ---  
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
9 33 0 15 Lake Avenue