51 North Water Street, Edgartown, MA 02539

51 North Water Street Edgartown MA 02539
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Owner Information
Owner 1
23 Kelley Street LLC
Owner 2
Owner's Address
105 Newbury Street Boston, MA 02116
Market Sale Information
Most recent sale date
10/2/2020
Previous sale date
3/14/2014
Transfer document #
81-211
Previous transfer document
0074-0157
Grantor
Ps Kelley House LLC
Previous grantor
Kelley House Property 2 LLC
Most recent sale price
$19,640,000.00
Previous sale price
$2,000,000.00
Site Information
Property ID
20-D-300
Lot Size
0.23
Use Code
302 - Inns, Resorts or Tourist Homes
Zoning
R5
Building Style
Inn/B+B
Number of Rooms
Stories
2.5
Number of Beds
9
Year Built
1870
Number of full baths
9
Condition
Number of half baths
0
Finished Area
3246
Number of Kitchen
Gross Living Area
5279
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
Electr Basebrd
Roof Cover
Wood Shingle
Heating fuel
Electric
Frame type
Air Condition (%)
Sidings
Wood Shingle
Assessment Information
Fiscal Year
2023
Land Value
$3,229,300.00
Total value
$4,293,600.00
Building value
$1,064,300.00
Estimated tax
$10,819.00
Yard improvement value
$0.00
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Comparable Properties
  • Total Appraisal
  • Building Appraisal
  • Land Appraisal
  • Last Sale Price
  • Net Living Area
  • Number of Bedrooms
  • Lot Size
  • Year Built
Address 51 North Water Street Photo Plan Map Proximity Last Sold Price Net Living Area Stories Sale Price/sft $6,050.52 Style Inn/B+B Age 1870 Rooms Bedrooms 9 Full baths 9 Half baths 0 Gross Living Area 5279 Heating Fuel Electric Detached Garage Lot Size 0.23 Roof Cover Wood Shingle AEM Value - Building $1,064,300.00 AEM Value - Land $3,229,300.00 AEM Value - Other $0.00 AEM Value - Total $4,293,600.00
# Address Last Sold Sale Price Dist(m) Style LA (sq ft) Lot(ac) BR F-HB
@ 51 North Water Street 10/2/2020 $19,640,000 0 Inn/B+B 3,246 0.23 9 9-0 -
  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
  • 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
@ 51 North Water Street 10/2/2020 $19,640,000 0 Inn/B+B 3,246 0.23 9 9-0 -
  Criteria
A 55 North Water Street 10/2/2020 $19,640,000 0.0 Inn/B+B 2,864 0.63 6 3-0
B 24 Kelley Street 10/2/2020 $19,640,000 0.0 Hotel 0.58 9 9-
C 56 North Water Street 12/21/2018 $5,000,000 0.0 Inn/B+B 5,260 0.13 9 14-0
D 6 Kelley Street 10/2/2020 $19,640,000 0.0 Commercial 0.04 1-
E 58 North Water Street 3/23/2016 $1 0.0 Library 0.28 3-
F 10 Daggett Street 4/19/1984 $1 0.0 Clubs/Lodges 0.2 3-
G 59 North Water Street 2/2/2004 $3,500,000 0.0 Historical Custom 0.41 9 9-0
H 62 North Water Street 10/31/2013 $2,500,000 0.0 Historical Custom 0.3 9 8-4
I 27 North Water Street 2/19/1988 $0 0.0 Apt/Store 0.19 5-
J 18 Dock Street 2/10/1984 $780,000 0.0 Apt/Store 0.21 2 4-
K 0 Mayhew Lane 10/22/1959 $0 0.0 Outbuildings 0.31 -
L 61 North Water Street 10/15/2021 $10,975,000 0.0 Historical Custom 3,547 0.4 5 4-0
M 29 Dock Street 10/1/1978 $0 0.0 Fast Food Loc 0.02 2-
N 50 Dock Street 3/21/1984 $1 0.1 Vacant Land 0.05 -
O 38 North Water Street Unit C1 12/9/2009 $2,050,000 0.1 Hotel Condo 15,604 0 0-0
P 38 North Water Street Unit C2 12/10/2009 $2,050,000 0.1 Restaurant Condo 2,700 0 0-0
Q 38 North Water Street Unit C3 12/10/2009 $2,050,000 0.1 Retail Condo 1,051 0 0-0
R 38 North Water Street Unit C4 12/10/2009 $2,050,000 0.1 Retail Condo 834 0 0-0
S 38 North Water Street Unit C5 12/10/2009 $2,050,000 0.1 Condominium 1,083 0 0-0
T 38 North Water Street Unit R1 12/10/2009 $2,050,000 0.1 Motel Condo 475 0 1 1-1
U 38 North Water Street Unit R2 12/10/2009 $2,050,000 0.1 Motel Condo 797 0 2 2-2
V 38 North Water Street Unit R3 12/10/2009 $2,050,000 0.1 Motel Condo 480 0 1 1-1
W 38 North Water Street Unit R4 12/10/2009 $2,050,000 0.1 Motel Condo 795 0 2 2-2
X 38 North Water Street Unit R5 12/10/2009 $2,050,000 0.1 Motel Condo 478 0 1 1-1
Y 38 North Water Street Unit R6 12/10/2009 $2,050,000 0.1 Motel Condo 796 0 2 2-2
Z 41 Dock Street 12/27/2013 $1 0.1 Store 0.1 1-
- 58 Dock Street 10/11/2005 $1 0.1 Commercial 0.04 1-
- 60 North Water Street 12/20/2018 $5,000,000 0.1 Vacant Land 0.23 -
- 66 North Water Street 12/16/2013 $2,828,000 0.1 Historical Custom 6,502 0.31 5 5-2
- 9 Winter Street 5/5/2015 $861,600 0.1 Retail Condo 2,020 0 1-1
- 7 Winter Street 8/14/2009 $1 0.1 Retail Condo 245 0 1-1
- 5 Winter Street 4/2/1997 $235,000 0.1 Retail Condo 1,365 0 1-1
- 3 Winter Street 2/15/2024 $3,949,000 0.1 Retail Condo 640 0 0-0
- 32 North Water Street 2/15/2024 $3,949,000 0.1 Retail Condo 1,960 0 1-1
- 15 Simpsons Lane 8/3/2015 $1 0.1 Custom 2,252 0.15 4 2-0
- 45 Dock Street 12/5/2008 $750,000 0.1 Commercial 0.03 1-
- 65 North Water Street 7/22/2020 $10 0.1 Historical Custom 0.31 4 4-1
- 21 North Water Street 8/19/1993 $269,653 0.1 Apt/Store 0.11 4-
- 15 Dock Street 1/15/1993 $962,500 0.1 Apt/Store 0.21 1-
- 31 Dock Street 8/25/2000 $2,100,000 0.1 Restaurant 0.24 3-
- 0 Mayhew Lane $0 0.1 Vacant Land 0.16 -
- 17 North Water Street 10/25/1993 $1 0.1 Store 0.05 3-
- 68 North Water Street 10/15/2021 $10,000,000 0.1 Historical Custom 660 0.31 2 1-1
- 67 North Water Street 9/10/1997 $6,000,000 0.1 Historical Custom 5,232 0.46 5 5-1
- 25 Simpsons Lane 4/28/2022 $2,900,000 0.1 Inn/B+B 2,388 0.2 5 5-0
- 8 Mayhew Lane 11/20/1997 $4,420,927 0.1 Office/Retail 0.19 3-
- 23 Dock Street 2/6/2003 $1 0.1 Apt/Office 0.25 1 3-
- 44 North Water Street 9/6/2016 $3,750,000 0.1 Historical Custom 2,917 0.14 5 5-1
- 15 Winter Street Unit 1B 12/31/1985 $126,000 0.1 Retail Condo 396 0 0-0
- 15 Winter Street Unit 1A 12/31/1985 $131,000 0.1 Retail Condo 419 0 0-0
- 15 Winter Street Unit 2 6/29/1988 $142,000 0.1 Retail Condo 339 0 0-0
- 15 Winter Street Unit 3 2/14/2005 $440,000 0.1 Retail Condo 371 0 0-0
- 15 Winter Street Unit 4 2/14/2005 $440,000 0.1 Retail Condo 394 0 0-0
- 15 Winter Street Unit 5 12/31/1985 $1 0.1 Retail Condo 26 0 0-0
- 15 Winter Street Unit 6 2/14/2005 $440,000 0.1 Retail Condo 100 0 0-0
- 15 Winter Street Unit 7 2/14/2005 $440,000 0.1 Retail Condo 135 0 0-0
- 15 Winter Street Unit 8 12/9/2021 $1 0.1 Condo Office 915 0 0-0
- 15 Winter Street Unit 9 2/28/2023 $428,000 0.1 Condo Office 373 0 0-0
- 15 Winter Street Unit 10 12/17/2020 $300,000 0.1 Condo Office 372 0 0-0
- 15 Winter Street Unit 11 11/24/2009 $170,000 0.1 Condo Office 396 0 0-0
- 70 North Water Street 5/12/2000 $1,250,000 0.1 Historical Custom 3,178 0.28 5 4-1
- 22 North Water Street 5/20/2014 $3,050,000 0.1 Inn/B+B 4,787 0.31 8 8-2
- 69 North Summer Street 6/9/2004 $1 0.1 Ranch 840 0.24 2 1-1
- 53 Dock Street 12/31/1938 $0 0.1 Outbuildings 0.31 -
- 30 Simpsons Lane 1/8/2009 $950,400 0.1 Colonial 4,590 0.12 4 4-1
- 11 North Water Street 12/22/2011 $1,538,000 0.1 Restaurant 0.04 3-
- 71 North Water Street 5/15/1998 $4,000,000 0.1 Custom 2,016 0.31 3 3-0
- 29 Simpsons Lane 8/16/1999 $545,000 0.1 Custom 1,804 0.12 2 3-0
- 2 Dock Street 11/7/2000 $1 0.1 Store 0.04 2-
- 17 Winter Street Unit 12 12/10/2019 $446,500 0.1 Retail Condo 368 0 0-0
- 17 Winter Street Unit 13 12/31/1985 $131,000 0.1 Retail Condo 369 0 0-0
- 19 Winter Street Unit 14 12/31/2021 $1 0.1 Retail Condo 484 0 0-0
- 17 Winter Street Unit 27 1/22/2018 $237,000 0.1 Condo Office 386 0 0-0
- 17 Winter Street Unit 28 12/1/2015 $1 0.1 Condo Office 388 0 0-0
- 19 Winter Street Unit 29 12/31/2021 $1 0.1 Condo Office 576 0 0-0
- 74 North Water Street 7/1/2020 $3,100,000 0.1 Historical Custom 3,360 0.23 4 2-1
- 72 North Water Street 5/29/2007 $1 0.1 Historical Custom 3,431 0.3 5 3-1
- 7 North Water Street 5/12/2021 $2,000,000 0.1 Apt/Store 0.03 2-
- 71 North Summer Street 6/15/2023 $2,495,000 0.1 Cape Cod 1,008 0.14 2 2-0
- 19 Main Street 11/24/2020 $5,720,000 0.1 Office/Retail 0.12 2-
- 23 Winter Street Unit 15 5/13/2016 $256,000 0.1 Retail Condo 373 0 0-0
- 23 Winter Street Unit 16 5/13/2016 $250,000 0.1 Retail Condo 426 0 0-0
- 23 Winter Street Unit 17 1/10/2006 $360,000 0.1 Retail Condo 432 0 0-0
- 23 Winter Street Unit 18 5/13/2016 $256,000 0.1 Retail Condo 0 0-0
- 23 Winter Street Unit 19 5/13/2016 $250,000 0.1 Retail Condo 0 0-0
- 23 Winter Street Unit 20 3/14/1985 $1 0.1 Retail Condo 0 0-0
- 23 Winter Street Unit 21 1/10/2006 $360,000 0.1 Retail Condo 0 0-0
- 23 Winter Street Unit 30 6/17/2016 $150,000 0.1 Condo Office 381 0 0-0
- 23 Winter Street Unit 31 8/8/2011 $275,000 0.1 Condo Office 428 0 0-0
- 23 Winter Street Unit 32 5/15/2001 $120,000 0.1 Condo Office 451 0 0-0
- 37 Simpsons Lane 12/10/2020 $2,595,000 0.1 Custom 1,698 0.08 3 3-1
- 22 Winter Street 8/11/2017 $1 0.1 Inn/B+B 7,223 0.16 9 18-3
- 7 Dock Street 6/27/1955 $0 0.1 Outbuildings 0.62 -
- 73 North Water Street 10/24/2017 $1 0.1 Historical Custom 4,178 0.31 4 3-0
- 5 North Water Street 11/25/2020 $5,720,000 0.1 Vacant Land 0.01 -
- 28 Morse Street 2/5/2010 $1 0.1 Standard Basic 1,073 0.09 4 1-0
- 76 North Water Street 12/13/2021 $1 0.1 Historical Custom 4,411 0.19 5 4-0
- 2 Main Street 2/1/2005 $2,750,000 0.1 Restaurant 0.23 4-
- 24 Morse Street 4/12/2012 $1 0.1 Historical Custom 1,971 0.13 3 2-1
- 29 Winter Street Unit 22 4/9/2019 $1 0.1 Retail Condo 402 0 0-0
- 29 Winter Street Unit 23 3/3/2017 $250,000 0.1 Retail Condo 357 0 0-0
- 29 Winter Street Unit 24 5/16/2022 $100 0.1 Retail Condo 353 0 0-0
- 29 Winter Street Unit 25 4/17/2014 $160,000 0.1 Retail Condo 343 0 0-0
- 29 Winter Street Unit 26 3/3/2017 $250,000 0.1 Retail Condo 126 0 0-0
- 29 Winter Street Unit 33 7/3/2012 $1 0.1 Condo Office 469 0 0-0
- 29 Winter Street Unit 34 7/3/2012 $1 0.1 Condo Office 288 0 0-0
- 29 Winter Street Unit 35 7/3/2012 $1 0.1 Condo Office 298 0 0-0
- 0 Main Street 8/11/2020 $2 0.1 Vacant Land 0 -
- 24 Winter Street 4/1/1968 $0 0.1 Vacant Land 0.2 -
- 4 Morse Street 5/5/2021 $9,000,000 0.1 Custom 2,036 0.16 3 3-0
- 25 Main Street 12/27/2012 $1 0.1 Apt/Store 0.07 3 2-
- 26 Morse Street 2/5/2015 $1,812,500 0.1 Historical Custom 2,408 0.18 4 2-1
- 12 North Water Street 3/1/1946 $0 0.1 Apt/Store 0.72 6 4-
- 65 North Summer Street 2/9/2018 $1 0.1 Custom 2,084 0.35 3 3-0
- 67 North Summer Street 6/9/2004 $1 0.1 Vacant Land 0.33 -
- 1 Dock Street Unit 2 $0 0.1 Warehouse 0.01 -
- 1 Dock Street 10/20/1966 $0 0.1 Yacht Club 0 2-
- 29 Main Street 8/30/2022 $2,345,000 0.1 Store 0.03 1-
- 20 Main Street 4/3/2015 $1 0.1 Apt/Store 0.02 2-
- 61 North Summer Street 8/31/2010 $1 0.1 Historical Custom 2,143 0.11 5 2-1
- 2 Morse Street 5/5/2021 $9,000,000 0.1 Custom 2,312 0.07 4 4-0
- 36 Morse Street 11/5/2019 $4,113,000 0.1 Historical Custom 2,471 0.38 5 3-1
- 34 Morse Street 5/28/1993 $210,000 0.1 Colonial 1,491 0.13 4 3-1
- 49 North Summer Street 7/15/2019 $2,925,000 0.1 Custom 2,284 0.1 5 4-1
- 30 Winter Street 10/2/2020 $19,640,000 0.1 Vacant Land 0.11 -
- 33 Main Street 4/5/2007 $1,850,000 0.1 Apt/Store 0.05 2-
- 1 South Water Street 4/3/2015 $1 0.1 Apt/Store 0.05 0-
- 80 North Water Street 1/17/2012 $1 0.1 Historical Custom 4,666 0.2 9 7-1
- 41 Winter Street 12/20/2018 $1,500,000 0.1 Historical Custom 2,306 0.1 4 2-0
- 37 Main Street 11/5/1947 $0 0.1 Apt/Store 0.1 2-
- 82 North Water Street 3/13/2014 $2,200,000 0.1 Historical Custom 3,198 0.2 5 4-0
- 36 Winter Street Unit 3 2/21/2020 $1 0.1 Retail Condo 356 0 1-1
- 73 North Summer Street 1/2/2018 $375,000 0.1 Historical Custom 1,800 0.22 3 2-0
- 38 Morse Street 9/28/2020 $6,875,000 0.1 Historical Custom 3,249 0.29 5 5-2
- 83 North Water Street 1/17/2013 $1 0.1 Historical Custom 6,966 0.46 7 9-0
- 30 Main Street 3/2/1967 $0 0.1 Finan Inst. 0.01 2-
- 31 North Summer Street 3/16/2015 $1,350,000 0.1 Apt/Store 0.12 2-
- 39 Main Street 1/18/2022 $1 0.1 Store 0.02 1-
- 2 South Water Street 1/2/1958 $0 0.1 Finan Inst. 0.12 2-
- 1 Morse Street 1/31/1997 $1,400,000 0.1 Commercial 0.26 -
- 1 Morse Street Unit 1 5/24/2016 $0 0.1 Commercial 0 -
- 41 Main Street 8/28/2019 $10 0.1 Store 0.06 1-
- 36 Main Street 12/3/2009 $1 0.1 Store 0.01 1-
- 7 South Water Street 9/28/2007 $1 0.1 Lodng/Motel 1.3 0-
- 38 Main Street 12/30/2011 $1 0.1 Store 0.01 2-
- 27 Morse Street 6/12/2007 $1 0.1 Standard Basic 1,348 0.13 3 2-0
- 21 Morse Street 5/28/1998 $1 0.1 Historical Custom 2,860 0.2 5 3-1
- 86 North Water Street 8/4/2010 $2,675,000 0.1 Historical Custom 4,686 0.26 9 4-2
- 40 Morse Street 12/26/2012 $1 0.1 Estate 5,805 0.43 6 7-3
- 45 Winter Street 12/23/2021 $4,600,000 0.1 Historical Custom 2,328 0.16 4 4-1
- 23 Morse Street 8/20/2013 $1,500,000 0.1 Historical Custom 2,377 0.2 4 4-1
Averages 6177 days $1,775,452 0.08 --- 1,190 0.13 --- ---  
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
20 D 300 51 North Water Street