53 South Water Street, Edgartown, MA 02539

53 South Water Street Edgartown MA 02539
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Owner Information
Owner 1
Stephen H Rusckowski
Owner 2
Deborah O'Hara Rusckowski
Owner's Address
2 Coventry Ln Andover, MA 01810
Market Sale Information
Most recent sale date
10/18/2019
Previous sale date
9/6/2018
Transfer document #
80-173
Previous transfer document
0079-0107
Grantor
Einer Richard Elhauge
Previous grantor
Paul Ronan
Most recent sale price
$10,000,000.00
Previous sale price
$8,900,000.00
Site Information
Property ID
20-D-330-3
Lot Size
0.23
Use Code
101 - Residential, single family
Zoning
R5
Building Style
Historical Custom
Number of Rooms
7
Stories
1.75
Number of Beds
3
Year Built
2001
Number of full baths
4
Condition
Number of half baths
1
Finished Area
2936
Number of Kitchen
Gross Living Area
6658
Number of Fireplaces
Bsmnt floot
Number of parking
Interior walls
Plastered
Floor type
Hardwood
Solar Hot Water
No
Roof Structure
Gable/Hip
Heating type
Forced Air-Duc
Roof Cover
Wood Shingle
Heating fuel
Gas
Frame type
Air Condition (%)
Sidings
Wood Shingle
Assessment Information
Fiscal Year
2023
Land Value
$9,200,900.00
Total value
$12,235,800.00
Building value
$3,034,900.00
Estimated tax
$30,834.00
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 53 South Water Street Photo Plan Map Proximity Last Sold Price Net Living Area Stories Sale Price/sft $3,405.99 Style Historical Custom Age 2001 Rooms 7 Bedrooms 3 Full baths 4 Half baths 1 Gross Living Area 6658 Heating Fuel Gas Detached Garage Lot Size 0.23 Roof Cover Wood Shingle AEM Value - Building $3,034,900.00 AEM Value - Land $9,200,900.00 AEM Value - Other $0.00 AEM Value - Total $12,235,800.00
A) 62 South Water Street 0.0 5/3/2024 $4,500,000 2,807 2 $1603.14 Historical Custom 1825 9 4 4 1 3710 Gas 0.13 Wood Shingle $1,920,100 $1,989,500 $0 $3,909,600
B) 109 School Street 0.3 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
C) 111 Peases Point Way North 0.4 1/10/2024 $5,150,000 2,324 2 $2216.01 Custom 1910 9 4 3 1 2833 Gas 0.29 Wood Shingle $1,697,900 $2,336,700 $0 $4,034,600
D) 17 Lenssen Way 0.9 4/8/2024 $3,840,000 2,300 1.75 $1669.57 Standard Plus 2001 8 3 4 0 4709 Gas 2.01 Wood Shingle $1,306,000 $1,857,400 $0 $3,163,400
# Address Last Sold Sale Price Dist(m) Style LA (sq ft) Lot(ac) BR F-HB
@ 53 South Water Street 10/18/2019 $10,000,000 0 Historical Custom 2,936 0.23 3 4-1 -
  Criteria
A 62 South Water Street 5/3/2024 $4,500,000 0.0 Historical Custom 2,807 0.13 4 4-1
B 109 School Street 4/9/2024 $3,800,000 0.3 Custom 3,193 0.17 6 4-0
C 111 Peases Point Way North 1/10/2024 $5,150,000 0.4 Custom 2,324 0.29 4 3-1
D 17 Lenssen Way 4/8/2024 $3,840,000 0.9 Standard Plus 2,300 2.01 3 4-0
Averages 51 days $4,322,500 0.42 --- 2,656 0.65 --- ---  

Estimation of Market Value - $10,095,020

As of today, 05/13/2024, the estimated market value of 53 South Water Street, Edgartown considering the above 4 comparable properties is $10,095,020.

 

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
@ 53 South Water Street 10/18/2019 $10,000,000 0 Historical Custom 2,936 0.23 3 4-1 -
  Criteria
A 55 South Water Street 9/30/2005 $1 0.0 Historical Custom 3,036 0.42 4 4-2
B 45 South Water Street 11/1/2012 $1 0.0 Standard Basic 549 0.08 1 1-1
C 41 South Water Street 9/12/2019 $8,769,000 0.0 Custom 1,353 0.28 3 2-0
D 57 South Water Street 9/30/2005 $1 0.0 Cape Cod 2,415 0.3 4 4-1
E 31 South Water Street 12/29/2011 $4,275,000 0.0 Historical Custom 0.32 6 6-1
F 29 South Water Street 11/12/2013 $7,900,000 0.0 Estate 0.25 5 6-
G 56 South Water Street 2/8/1999 $1 0.0 Historical Custom 3,008 0.15 3 2-1
H 50 South Water Street 4/7/2016 $1 0.0 Historical Custom 2,145 0.2 5 5-0
I 42 South Water Street 11/29/2011 $1 0.0 Historical Custom 4,512 0.21 6 6-2
J 67 South Water Street 12/28/2010 $1 0.0 Historical Custom 2,432 0.08 4 2-2
K 69 South Water Street 12/26/2012 $1 0.0 Historical Custom 3,903 0.31 5 4-0
L 62 South Water Street 5/3/2024 $4,500,000 0.0 Historical Custom 2,807 0.13 4 4-1
M 36 South Water Street 2/6/2008 $1 0.0 Historical Custom 3,263 0.22 7 4-0
N 54 South Water Street 4/5/2011 $1 0.0 Custom 2,123 0.17 3 2-0
O 14 Cooke Street 10/31/2003 $1,525,000 0.0 Historical Custom 2,100 0.08 3 2-1
P 30 South Water Street 4/3/2019 $1 0.1 Historical Custom 4,062 0.16 4 4-1
Q 2 Cooke Street 7/10/1961 $0 0.1 Vacant Land 0.13 -
R 71 South Water Street 12/30/2019 $1 0.1 Custom 2,640 0.22 4 4-0
S 16 Cooke Street 5/20/2019 $1 0.1 Custom 1,236 0.06 3 2-0
T 16 Davis Lane Unit 2 8/29/2023 $400,000 0.1 Condominium 575 0 2 1-1
U 24 South Water Street 2/5/2015 $3,600,000 0.1 Inn/B+B 6,307 0.18 9 9-0
V 20 Cooke Street 8/8/2018 $1 0.1 Historical Custom 1,470 0.06 3 2-1
W 21 Cooke Street 2/26/2018 $1 0.1 Standard Basic 873 0.11 2 1-1
X 70 South Water Street 10/5/2015 $4,300,000 0.1 Historical Custom 2,731 0.21 3 4-0
Y 7 South Water Street 9/28/2007 $1 0.1 Lodng/Motel 1.3 0-
Z 75 South Water Street 4/21/2023 $9,000,000 0.1 Historical Custom 2,825 0.52 4 2-0
- 41 South Summer Street 11/2/2015 $2,875,000 0.1 Historical Custom 3,482 0.19 5 4-2
- 1 Cooke Street 9/15/1936 $0 0.1 Clubs/Lodges 0.34 2-
- 33 South Summer Street 1/17/1986 $350,000 0.1 Inn/B+B 3,669 0.21 3 2-1
- 37 South Summer Street 11/30/2001 $1,275,000 0.1 Cape Cod 2,588 0.12 3 2-1
- 74 South Water Street 4/9/1999 $1,950,000 0.1 Historical Custom 3,812 0.35 7 4-0
- 45 South Summer Street $0 0.1 Churches 0.2 1-
- 49 South Summer Street 6/3/2020 $4,375,000 0.1 Custom 3,079 0.19 4 3-1
- 6 South Water Street 2/12/2010 $2,575,000 0.1 Apt/Store 0.37 3 5-
- 27 South Summer Street 4/12/1974 $0 0.1 Inn/B+B 8,358 0.37 9 8-0
- 76 South Water Street 10/4/2016 $3,550,000 0.1 Historical Custom 3,131 0.27 5 3-0
- 46 Main Street-Rear 10/8/2013 $1 0.1 Restaurant 0.04 1-
- 53 South Summer Street 5/8/2000 $1 0.1 Historical Custom 3,939 0.15 4 5-0
- 81 South Water Street 1/20/2023 $15,000,000 0.1 Historical Custom 3,156 0.67 4 5-0
- 19 South Summer Street 5/2/2011 $1 0.1 Office Bldg 0.16 -
- 80 South Water Street 8/31/2015 $2,900,000 0.1 Historical Custom 3,043 0.19 5 2-1
- 20 Main Street 4/3/2015 $1 0.1 Apt/Store 0.02 2-
- 1 South Water Street 4/3/2015 $1 0.1 Apt/Store 0.05 0-
- 2 Main Street 2/1/2005 $2,750,000 0.1 Restaurant 0.23 4-
- 2 South Water Street 1/2/1958 $0 0.1 Finan Inst. 0.12 2-
- 11 South Summer Street 4/3/2015 $1 0.1 Apt/Store 0.17 2 1-
- 44 South Summer Street 7/3/2017 $1 0.1 Historical Custom 2,226 0.13 4 3-0
- 57 South Summer Street 5/30/2018 $1 0.1 Custom 2,182 0.21 3 3-0
- 40 Main Street 10/24/1991 $1 0.1 Store 0.03 1-
- 44 Main Street 5/18/2012 $1,525,000 0.1 Apt/Store 0.11 2-
- 30 Main Street 3/2/1967 $0 0.1 Finan Inst. 0.01 2-
- 40 South Summer Street 10/29/2008 $1 0.1 Historical Custom 3,786 0.29 5 4-1
- 36 Main Street 12/3/2009 $1 0.1 Store 0.01 1-
- 42 Main Street 7/20/2017 $1 0.1 Store 0.03 2-
- 82 South Water Street 1/8/2016 $1 0.1 Historical Custom 3,062 0.21 4 4-1
- 38 Main Street 12/30/2011 $1 0.1 Store 0.01 2-
- 34 South Summer Street 11/29/2010 $1,500,000 0.1 Office Bldg 0.15 2-
- 7 Dock Street 6/27/1955 $0 0.1 Outbuildings 0.62 -
- 50 Main Street 5/8/1986 $1 0.1 Vacant Land 0.16 -
- 84 South Water Street 5/26/2020 $10 0.1 Historical Custom 1,915 0.14 4 3-0
- 28 South Summer Street 4/20/2012 $2,750,000 0.1 Historical Custom 0.16 6 6-2
- 35 Cooke Street 2/16/2018 $2,225,000 0.1 Historical Custom 1,482 0.22 4 2-0
- 61 South Summer Street 6/5/2009 $1 0.1 Historical Custom 3,075 0.47 5 5-0
- 52 South Summer Street 6/3/2022 $8,500,000 0.1 Historical Custom 5,827 0.3 6 6-2
- 19 Main Street 11/24/2020 $5,720,000 0.1 Office/Retail 0.12 2-
- 85 South Water Street 7/2/1997 $1 0.1 Historical Custom 4,158 0.92 5 4-0
- 5 North Water Street 11/25/2020 $5,720,000 0.1 Vacant Land 0.01 -
- 56 Main Street 2/17/2004 $1 0.1 Apt/Store 0.15 0-
- 25 Main Street 12/27/2012 $1 0.1 Apt/Store 0.07 3 2-
- 7 North Water Street 5/12/2021 $2,000,000 0.1 Apt/Store 0.03 2-
- 0 Main Street 8/11/2020 $2 0.1 Vacant Land 0 -
- 20 South Summer Street 3/31/2015 $1 0.1 Apt/Store 0.14 4 3-
- 29 Main Street 8/30/2022 $2,345,000 0.1 Store 0.03 1-
- 0 Davis Lane 11/29/2010 $1,500,000 0.1 Vacant Land 0.03 -
- 2 Dock Street 11/7/2000 $1 0.1 Store 0.04 2-
- 33 Main Street 4/5/2007 $1,850,000 0.1 Apt/Store 0.05 2-
- 88 South Water Street 8/31/2016 $1 0.1 Cape Cod 2,522 0.24 3 2-1
- 24 South Summer Street 8/5/1986 $1 0.1 Custom 1,796 0.12 3 3-0
- 8 Mayhew Lane 11/20/1997 $4,420,927 0.1 Office/Retail 0.19 3-
- 37 Main Street 11/5/1947 $0 0.1 Apt/Store 0.1 2-
- 58 South Summer Street 5/13/2010 $1 0.1 Custom 2,333 0.32 4 4-0
- 39 Main Street 1/18/2022 $1 0.1 Store 0.02 1-
- 11 North Water Street 12/22/2011 $1,538,000 0.1 Restaurant 0.04 3-
- 39 School Street 10/30/2014 $3,926,000 0.1 Historical Custom 3,647 0.28 3 4-1
- 41 Main Street 8/28/2019 $10 0.1 Store 0.06 1-
- 65 South Summer Street 3/18/2016 $1 0.1 Historical Custom 2,437 0.26 6 3-0
- 49 Davis Lane 12/19/2017 $2,320,000 0.1 Historical Custom 2,132 0.13 4 3-0
- 47 Main Street 4/3/2015 $1 0.1 Apt/Store 0.09 2-
- 1 Dock Street Unit 2 $0 0.1 Warehouse 0.01 -
- 1 Dock Street 10/20/1966 $0 0.1 Yacht Club 0 2-
- 0 Mayhew Lane $0 0.1 Vacant Land 0.16 -
- 25 School Street 8/27/2004 $1 0.1 Historical Custom 3,394 0.22 5 3-0
- 37 Cooke Street 7/26/2018 $4,550,000 0.1 Historical Custom 3,231 0.17 4 5-1
- 37 School Street 9/8/2021 $2,000,000 0.1 Historical Custom 840 0.05 1 2-0
- 62 South Summer Street 4/12/2007 $1,109,066 0.1 Historical Custom 2,189 0.11 3 3-0
- 66 Main Street Lot 125 6/27/2017 $3,000,000 0.1 Vacant Land 0.26 -
Averages 6066 days $1,462,167 0.09 --- 1,530 0.19 --- ---  
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 330 3 53 South Water Street