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    Property profile & analytics

    38 Water St, Unit R1 Edgartown, MA 02539-8145

    • Motels
    • 475 SF
    OFF-MARKET
    Value Estimation
    $185,000
    Location Intelligence
    Property ID
    US38-0205219
    The Realmo ID is a unique identifier assigned to every property, incorporating country codes and precise geo-coordinates for 300x300-foot land blocks. It enables standardized data collection and seamless integration of disparate sources such as ownership, tax, title data and physical specifications. By aggregating current and historical records, the Realmo ID powers advanced analytics and delivers deep, verifiable insights for real estate professionals.

    Current Use by Public Records

    • Motels

    Property Details for 38 Water St

    Year built
    1890
    Property size
    475 SF
    Property type
    Motels
    APN
    EDGA M:020D B:0216 L:R1
    APU
    EDGAM020DB0216LR1

    Value Estimation

    Powered by Realmo proprietary methodology Last update: July 3, 2025

    • CAP approach

    • Comparable approach

    • Alternative Use

    Location Insight

    • Map
    • Local Demand
    City
    Edgartown
    County
    Dukes
    State
    Massachusetts
    Longitude
    -70.5121
    Latitude
    41.3902
    CBSA code
    47240
    CBSA name
    VINEYARD HAVEN, MA MICROPOLITAN STATISTICAL AREA

    Property Tax & Assessments

    Tax date
    Tax Amount
    Assessed Land Value
    Assessed Improvement Value
    Total Assessed Value
    Applied Tax Rate
    Land Market Value
    Improvement Market Value
    Total Market Value
    2024
    $734
    $0.00
    $287,800
    $287,800
    -
    $0.00
    $0.00
    $0.00

    Comparable in this City

    • Value Estimation by Request
      1,116 SF

      31 Dunes Rd, Unit 50C

      MOTEL • 1,116 SF
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    • Value Estimation
      $785,000
      279 SF

      15 Ml St, Unit 24

      MOTEL • 279 SF
      15 Ml St, Edgartown, MA 02539
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    • Value Estimation
      $405,000
      472 SF

      15 Ml St, Unit 30

      MOTEL • 472 SF
      15 Ml St, Edgartown, MA 02539
      View Details
    • Value Estimation
      $160,000
      478 SF

      15 Ml St, Unit 34

      MOTEL • 478 SF
      15 Ml St, Edgartown, MA 02539
      View Details
    • Value Estimation
      $830,000
      478 SF

      20 Peases Pt N Way, Unit 4

      MOTEL • 478 SF
      20 Peases Pt N Way, Edgartown, MA 02539-7319
      View Details
    • Value Estimation
      $165,000
      470 SF

      31 Dunes Rd, Unit 112A

      MOTEL • 470 SF
      31 Dunes Rd, Edgartown, MA 02539-8600
      View Details

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    38 Water St, Unit R1
    Edgartown, MA 02539-8145
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    Realmo Value Estimation

    Realmo estimates a property’s market value using a proprietary methodology that incorporates public data and user-submitted information. This cumulative value is generated by integrating a variety of conventional and innovative methods. 

    Disclaimer

    These figures are not official appraisals and should not be used as a substitute for a valuation performed by a licensed appraiser.

    Actual market value may differ due to factors not captured in the data. Estimates are offered for informational purposes only, and users should conduct independent research before making financial or investment decisions.

    By using this feature, you acknowledge that Realmo is not responsible for actions taken based on these estimates.

    AI approach

    Realmo AI Method estimates property value using machine learning models trained on millions of comparable listings, transactions, and market signals. It analyzes property features, location intelligence data, and current market dynamics to predict the most probable market value in real time.

    Cap approach

    Capitalization Method calculates value based on estimated net operating income (NOI) and applying a market-based capitalization rate (cap rate), we estimate what a typical investor might be willing to pay for it.

    Comparable approach

    Comparable estimate is based on recent sales of similar nearby properties, adjusted for factors like size, condition, and location.

    Relative

    Relative property class coefficient uses factors that account for typical price differences between various asset types (e.g., retail vs. industrial) to provide a more accurate market-aligned estimate.

    Geo

    Comparable Sales Method, enhanced by Geo coefficients — location-based adjustment factors that reflect differences in price levels across neighborhoods, cities, or regions ensuring a more accurate, market-sensitive valuation.

    Alternative use

    Estimate considers the property’s potential value if used for a different purpose-based on zoning, demand, and market feasibility.

    More about this property
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