NOT LISTED FOR SALE

50 Gaines Way Edgartown, MA 02539

Edgartown Neighborhood

Estimated Value: $3,408,000 - $8,344,000

4 Beds
3.5 Baths
2,483 Sq Ft
$2,695/Sq Ft Est. Value

Last Sold September 30, 2013

Last sale price $4,162,500 $1,676 Per Sq Ft

Est. 61% increase in value since last sale

Current estimated payment $38,224/month

503 Days on Market

Highlights

  • Cape Cod Architecture
  • Wood Flooring
  • No HOA
  • Wooded Lot
  • 1 Fireplace
  • Cul-De-Sac

About This Home

As of September 2013

A Hidden Treasure with a view!!! Quintessential Vineyard home with expansive front lawn is tucked away at the end of a quiet lane overlooking conservation meadow to a pond and the ocean beyond. Easy walk to the outer harbor beach on Fuller Street as well as to downtown Edgartown's shops and restaurants. This enchanting setting features a 3 bedroom main residence with attached guest suite. Sizeable parcel of nearly an acre consists of 2 lots, one of which is a separate buildable parcel fronting Fuller Street. A unique opportunity to create generational memories in a very special location!!!

Last Agent to Sell the Property

Lynn Buder

Landmarks Real Estate of Martha's Vineyard License #0 Listed on: 04/04/2012

Last Buyer's Agent

Lynn Buder

Landmarks Real Estate of Martha's Vineyard

Home Details

Home Type

  • Single Family

Est. Annual Taxes

  • $13,056

Year Built

  • Built in 1930

Lot Details

  • 0.88 Acre Lot
  • Dirt Road
  • Near Conservation Area
  • Cul-De-Sac
  • Gentle Sloping Lot
  • Sprinkler System
  • Cleared Lot
  • Wooded Lot
  • Property is zoned R-5

Parking

  • 1 Car Garage
  • Off-Street Parking

Home Design

  • Cape Cod Architecture
  • Asphalt Roof
  • Shingle Siding

Interior Spaces

  • 2,483 Sq Ft Home
  • 2-Story Property
  • Living Quarters
  • 1 Fireplace
  • Crawl Space
  • Property Views

Flooring

  • Wood
  • Tile

Bedrooms and Bathrooms

  • 4 Bedrooms

Outdoor Features

  • Outdoor Shower
  • Patio

Utilities

  • Hot Water Heating System
  • Tankless Water Heater
  • Oil Water Heater

Community Details

  • No Home Owners Association

Listing and Financial Details

  • Assessor Parcel Number EDGA20B97

Home Details

Home Type

Single Family

Est. Annual Taxes

$13,056

Year Built

Built in 1930

Lot Details

0

Parking

1

Listing Details

  • Property Type: Residential
  • Property Sub Type: Single Family Residence
  • Year Built: 1930
  • Lot Size Acres: 0.88
  • Road Frontage Type: Cul-De-Sac, Public
  • Road Surface Type: Dirt
  • Directions: Coming into Edgartown, take left onto Pease's Point Way. Follow around sharp curve to right. Continue to 2nd stop sign (4/10 mile)& take a right to Cottage St. Take first left to Fuller St. Follow 3/10 mi. to left on Gaines Way to last house.
  • Architectural Style: Cape Cod
  • Carport Y N: No
  • Garage Yn: Yes
  • Year Built Details: Approximate
  • Special Features: None

Interior Features

  • Appliances: Oil Water Heater, Tankless Water Heater
  • Total Bedrooms: 4
  • Interior Amenities: Separate Living Quarters, Separate Living Qtrs (Attached), Separate Living Qtrs (In Law Apartment)
  • Full Bathrooms: 3
  • Half Bathrooms: 1
  • Fireplaces: 1
  • Fireplace: Yes
  • Flooring: Other, Wood, Tile
  • Living Area: 2483
  • Stories: 2

Exterior Features

  • Exterior Features: Outdoor Shower, Underground Sprinkler
  • Lot Features: Conservation Area, Shopping, In Town Location, Cleared, Views, Wooded, Gentle Sloping
  • Pool Private: No
  • View: Yes
  • Waterfront: No
  • Construction Type: Shingle Siding
  • Foundation Details: Crawl Space, None
  • Patio And Porch Features: Patio
  • Roof: Asphalt

Garage/Parking

  • Attached Garage: No
  • Garage Spaces: 1
  • Parking Features: Detached, Off Street, Stone/Gravel

Utilities

  • Heating: Hot Water, None
  • Heating Yn: Yes
  • Water Source: Town Water

Condo/Co-op/Association

  • Association: No

Lot Info

  • Zoning: R-5
  • Land Lease: No
  • Lot Size Sq Ft: 38333
  • Parcel #: EDGA20B97
  • ResoLotSizeUnits: Acres

Tax Info

  • Tax Year: 2011
  • Tax Annual Amount: 13056
  • Tax Book Number: 1036

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
Apr 4, 2012
Closed on
Sep 27, 2013
Sold by
Barbara P Atchley Ret
Bought by
Bean George and Bean Jane R
Seller's Agent
Lynn Buder
Landmarks Real Estate of Martha's Vineyard
Buyer's Agent
Lynn Buder
Landmarks Real Estate of Martha's Vineyard
List Price
$4,875,000
Sold Price
$4,162,500
Premium/Discount to List
-$712,500
-14.62%
Current Estimated Value
$6,692,826

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$2,530,326
Avg. Annual Appreciation
4.72%

Purchase Details

Closed on
Apr 4, 2005
Sold by
Payne-Atchley Barbara
Bought by
Barbara P Atchley Ret and Mcneil June Kfoury
Source: Public Records

Range of Values:

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Average Value
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List Price
Sold Price
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Home Values in the Area

Source: Public Records

Average Home Value in this Area

Source: Public Records

Purchase History

Date Buyer Sale Price Title Company
Bean George $2,788,875 --
Barbara P Atchley Ret -- --
Source: Public Records

Property History

Date Event Price Change Sq Ft Price
09/30/2013 09/30/13 Sold $4,162,500 -14.6% $1,676 / Sq Ft
08/20/2013 08/20/13 Pending -- -- --
04/04/2012 04/04/12 For Sale $4,875,000 -- $1,963 / Sq Ft
Source: Martha's Vineyard MLS

Tax History Compared to Growth

Source: Public Records

Tax History

Year Tax Paid Tax Assessment Tax Assessment Total Assessment is a certain percentage of the fair market value that is determined by local assessors to be the total taxable value of land and additions on the property. Land Improvement
2025 $15,133 $5,710,500 $2,881,200 $2,829,300
2024 $14,328 $5,618,700 $2,881,200 $2,737,500
2023 $14,051 $5,575,600 $2,928,200 $2,647,400
2022 $14,669 $4,841,248 $3,126,748 $1,714,500
2021 $14,808 $4,514,561 $2,616,361 $1,898,200
2020 $14,706 $4,389,972 $2,491,772 $1,898,200
2019 $16,278 $4,206,300 $2,491,800 $1,714,500
2018 $15,564 $4,021,700 $2,284,100 $1,737,600
2017 $14,118 $3,977,000 $2,284,100 $1,692,900
2016 $11,014 $3,042,600 $2,284,100 $758,500
2015 $10,403 $2,997,900 $2,491,800 $506,100
Source: Public Records

Agents Affiliated with this Home

  • L

    Seller's Agent in 2013

    Lynn Buder

    Landmarks Real Estate of Martha's Vineyard

See All Agents

Map

Source: Martha's Vineyard MLS

MLS Number: 21203314

Martha

APN: EDGA-000020B-000097

Massachusetts Dukes County Edgartown 02539 Edgartown

50 Gaines Way, Edgartown, MA

This home is located at 50 Gaines Way, Edgartown, MA 02539 since 04 April 2012 and is currently estimated at $6,692,826, approximately $2,695 per square foot. This property was built in 1930. 50 Gaines Way is a home located in Dukes County with nearby schools including Edgartown Elementary School and Martha's Vineyard Regional High School.

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