NOT LISTED FOR SALE

1 Marcus Way Nantucket, MA 02554

Estimated Value: $3,062,000 - $6,458,000

4 Beds
3.5 Baths
4,082 Sq Ft
$1,239/Sq Ft Est. Value

Last Sold September 24, 2015

Last sale price $2,475,000 $606 Per Sq Ft

Est. 104% increase in value since last sale

Current estimated payment $27,990/month

173 Days on Market

Highlights

  • Ocean View
  • Porch
  • Garden
  • Deck
  • Patio

About This Home

As of September 2015

Sweeping water views can be enjoyed from this well-appointed 4-bedroom 3.5 bath home in Tom Nevers. Built in 2002 this home features numerous custom finishes, expansive yard and gardens, hard wood floors, central AC, Custom designed closets by California Closets in all of the bedrooms. Just a short walk to the beach, this property is meticulously maintained, and thoughtfully landscaped with multiple decks, covered porches and brick patio. Excellent rental history.

Last Agent to Sell the Property

Chris Kling

J Pepper Frazier Co. Listed on: 03/05/2015

Last Buyer's Agent

Carolyn Durand

Lee Real Estate

Home Details

Home Type

  • Single Family

Est. Annual Taxes

  • $13,756

Year Built

  • Built in 2002

Lot Details

  • 1.02 Acre Lot
  • Garden
  • Property is zoned LUG3

Interior Spaces

  • 4,082 Sq Ft Home
  • Ocean Views

Bedrooms and Bathrooms

  • 4 Bedrooms | 3 Main Level Bedrooms

Outdoor Features

  • Deck
  • Patio
  • Porch

Utilities

  • Well
  • Septic Tank
  • Cable TV Available

Listing and Financial Details

  • Assessor Parcel Number 10

Home Details

Home Type

Single Family

Est. Annual Taxes

$13,756

Year Built

Built in 2002

Lot Details

0

Listing Details

  • Property Sub Type: Single Family Residence
  • Prop. Type: Residential
  • Road Frontage Type: None
  • Lot Size Acres: 1.02
  • Year Built: 2002
  • Special Features: None

Interior Features

  • Furnished: Unfurnished
  • Appliances: Stove: Yes, Washer: Yes
  • Has Basement: Expansive renovated basement features an entertainment area leading to an outdoor landscaped brick patio and sprawling yard, ample storage areas, mechanical and laundry rooms, and extra space to add a home gym or wine cellar.
  • Full Bathrooms: 3
  • Half Bathrooms: 1
  • Total Bedrooms: 4
  • Fireplace Features: 2
  • Fireplace: No
  • Flooring: Hardwood
  • Interior Amenities: A,AC,Ins,Irr, Floor 1: Large upside home features an open family room with a masonry brick fireplace, custom mahogany entertainment center and beadboard throughout. Large first floor en suite bedroom with full sized bath and a large closet and two additional guest rooms with a shared full sized bath., Floor 2: Large gourmet kitchen with two decks offering panoramic ocean views, features granite countertops, high end appliances including a wine cooler, a bar area, and a large dining area for 8-10 with ocean views. In addition, the living room has cathedral ceilings, a brick fireplace, and a powder room.  A second floor master suite has a private deck with ocean views, a large bath with shower and tub Jacuzzi and custom closet., Floor 3: N/A
  • Main Level Bedrooms: 3

Exterior Features

  • Lot Features: Ample
  • Pool Private: No
  • View: Ocean
  • Exterior Features: Deck, Garden, Patio, Porch
  • Foundation Details: Full Poured Concrete Basement

Garage/Parking

  • Parking Features: Ample

Utilities

  • Heating: GFHA
  • Sewer: Septic Tank
  • Utilities: Cbl
  • Water Source: Well

Lot Info

  • Lot Size Sq Ft: 44432
  • Parcel #: 10
  • Zoning: LUG3

Tax Info

  • Tax Lot: tbd
  • Tax Map Number: 91
  • Tax Other Annual Assessment Amount: 849000
  • Tax Year: 2013

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
Mar 5, 2015
Closed on
Sep 24, 2015
Sold by
Ack Childrens House Ll
Bought by
1 Marcus Way Rt
Seller's Agent
Chris Kling
J Pepper Frazier Co.
Buyer's Agent
Carolyn Durand
Lee Real Estate
List Price
$2,700,000
Sold Price
$2,475,000
Premium/Discount to List
-$225,000
-8.33%
Total Days on Market
173
Current Estimated Value
$5,058,357

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$2,583,357
Avg. Annual Appreciation
7.56%

Purchase Details

Closed on
Feb 11, 2013
Sold by
Ack Childres House Llc
Bought by
Matthaei William F

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$328,000
Interest Rate
3%
Mortgage Type
Adjustable Rate Mortgage/ARM

Purchase Details

Closed on
Oct 22, 2007
Sold by
Ulmer Frederick W and Ulmer Tracy M
Bought by
Ack Childrens House Ll

Purchase Details

Closed on
Oct 3, 2003
Sold by
Sankaty Homes Llc
Bought by
Ulmer Frederick W and Ulmer Tracy M

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$1,387,500
Interest Rate
6.25%
Mortgage Type
Purchase Money Mortgage
Source: Public Records

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Range of Values:

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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
1 Marcus Way Rt $2,475,000 --
Matthaei William F -- --
Ack Childrens House Ll $2,250,000 --
Ulmer Frederick W $1,825,000 --
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Previous Owner Matthaei William F $328,000
Previous Owner Ack Childrens House Ll $350,000
Previous Owner Ulmer Frederick W $225,000
Previous Owner Ulmer Frederick W $225,000
Previous Owner Ulmer 3Rd Frederick W $90,000
Previous Owner Ulmer Frederick W $1,387,500
Source: Public Records

Property History

Date Event Price Change Sq Ft Price
09/24/2015 09/24/15 Sold $2,475,000 -8.3% $606 / Sq Ft
08/25/2015 08/25/15 Pending -- -- --
03/05/2015 03/05/15 For Sale $2,700,000 -- $661 / Sq Ft
Source: LINK

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 $13,756 $4,193,900 $1,034,600 $3,159,300
2024 $12,415 $3,966,300 $1,034,600 $2,931,700
2023 $10,431 $3,249,600 $985,400 $2,264,200
2022 $10,355 $2,768,700 $862,100 $1,906,600
2021 $10,050 $2,768,700 $862,100 $1,906,600
2020 $9,210 $2,669,500 $697,900 $1,971,600
2019 $8,974 $2,670,800 $697,900 $1,972,900
2018 $9,168 $2,597,300 $697,900 $1,899,400
2017 $8,577 $2,530,200 $667,100 $1,863,100
2016 $7,132 $2,122,700 $564,500 $1,558,200
2015 $8,383 $2,322,100 $573,600 $1,748,500
2014 $7,615 $2,025,300 $573,600 $1,451,700
Source: Public Records

Agents Affiliated with this Home

  • Chris Kling

    Seller's Agent in 2015

    Chris Kling

    J Pepper Frazier Co.

    (781) 254-2293

    48 Total Sales

    Chris Kling
    Section Image

  • C

    Buyer's Agent in 2015

    Carolyn Durand

    Lee Real Estate

    (508) 228-2315

    43 Total Sales

    Carolyn Durand
    Section Image
See All Agents

Map

Source: LINK

MLS Number: 80162

APN: NANT-000-091-000-000-0000-10-000-000

Massachusetts Nantucket County Nantucket 02554

1 Marcus Way, Nantucket, MA

This home is located at 1 Marcus Way, Nantucket, MA 02554 since 05 March 2015 and is currently estimated at $5,058,357, approximately $1,239 per square foot. This property was built in 2002. 1 Marcus Way is a home located in Nantucket County with nearby schools including Nantucket Elementary School, Cyrus Peirce Middle School, and Nantucket High School.

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