122 South Water Street, Edgartown MA 02539

The parcel of land is larger than the other properties in this Comparative Market Analysis. The property has a total assessed value of $1,474,400 and is listed at $1.65M or 111% of assessed value. It is listed at $1.65M and as the market improves substantially in the Village, the family will be looking for close to the listing price because of the lack of inventory. It is possible that they will consider something between $1.5M and $1.55M. The location on South Water Street is much more desirable than the Vincent property at 135 South Water Street which is close to the Katama Road intersection. It is owned by four siblings and they will wait to get their price. There has been good interest in the property because of the location and the value of the abutting properties. the Yelenak property behind it, which you have rented, if it should come on the market will come on in the high $3M's or may break the $4M price point. Location, location, location.