NOT LISTED FOR SALE

12 Gardner Rd Nantucket, MA 02554

Estimated Value: $3,467,000 - $5,344,208

20.94 Acres
$208,121 Price per Acre
912,146 Sq Ft Lot

Last Sold June 02, 2014

Last sale price $8,075,000 $2,762 Per Sq Ft

Est. 46% decrease in value since last sale

Current estimated payment $24,333/month

353 Days on Market

Highlights

  • Home fronts a pond
  • 20.94 Acre Lot
  • Pasture Views

About This Lot

As of June 2014

Rare Acreage in the highly desirable Shimmo estate area of the Island! This 21-acre property includes the Juniper Hill farmhouse in a stage of renovation, along with a barn and some outbuildings as improvements. Pondfront with second floor views of Nantucket Harbor as well from some elevations  in the varying topography. A definitive plan for an 8-buildable lot subdivision known as Pippen's Way has been approved recently by the Nantucket Planning Board. This is an ideal opportunity for either a large private compound or a multi-lot luxury development!

Last Agent to Sell the Property

Ed Gillum

J Pepper Frazier Co. Listed on: 05/15/2013

Last Buyer's Agent

Michael O'Mara

BHHS Island Properties Nantucket

BHHS Island Properties Nantucket

Property Details

Property Type

  • Land

Est. Annual Taxes

  • $12,349

Lot Details

  • 20.94 Acre Lot
  • Home fronts a pond
  • Property is zoned LUG1

Property Views

  • Pasture Views

Utilities

  • Well
  • Septic Tank

Listing and Financial Details

  • Tax Lot Subdivision of Lot 2
  • Assessor Parcel Number 942

Property Details

Property Type

Land

Est. Annual Taxes

$12,349

Lot Details

0

Listing Details

  • Property Sub Type: Unimproved Land
  • Prop. Type: Land
  • Road Frontage Type: Pnd
  • Lot Size Acres: 20.94
  • Special Features: None

Interior Features

  • Possible Use: 12268--B

Exterior Features

  • Lot Features: See deed
  • Pool Private: No
  • View: D/Hbr, Pasture

Utilities

  • Sewer: Septic Tank
  • Water Source: Well

Lot Info

  • Lot Size Sq Ft: 912146
  • Parcel #: 942
  • Zoning: LUG1

Tax Info

  • Tax Annual Amount: 12349
  • Tax Lot: Subdivision of Lot 2
  • Tax Map Number: 43
  • Tax Other Annual Assessment Amount: 3411200
  • Tax Year: 2013

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
May 15, 2013
Closed on
Jul 25, 2014
Sold by
Pippens Way Llc
Bought by
Pippens Way Ho Assn T and Gadbois
Seller's Agent
Ed Gillum
J Pepper Frazier Co.
Buyer's Agent
Michael O'Mara
BHHS Island Properties Nantucket
List Price
$8,995,000
Sold Price
$8,075,000
Premium/Discount to List
-$920,000
-10.23%
Current Estimated Value
$4,358,052

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
-$3,716,948
Avg. Annual Appreciation
-5.29%
Original Mortgage
$6,315,550
Interest Rate
4.26%
Mortgage Type
Purchase Money Mortgage

Purchase Details

Closed on
Apr 15, 2004
Sold by
Nasser Ft and Nasser
Bought by
Nasser Ft and Dale
Source: Public Records

Range of Values:

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Average Value
Not Available
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
Pippens Way Ho Assn T -- --
Pippens Way Ho Assn T -- --
Pippens Way Ho Assn T -- --
Nasser Ft -- --
Nasser Ft -- --
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Open Nasser Ft $1,400,000
Previous Owner Nasser Ft $6,315,550
Source: Public Records

Property History

Date Event Price List to Sale Price per Sq Ft
06/02/2014 06/02/14 Sold $8,075,000 -10.2% $2,762 / Sq Ft
05/03/2014 05/03/14 Pending -- -- --
05/15/2013 05/15/13 For Sale $8,995,000 -- $3,076 / 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 $13,638 $4,157,800 $3,074,300 $1,083,500
2024 $9,002 $2,876,000 $2,876,000 $0
2023 $8,197 $2,553,700 $2,553,700 $0
2022 $6,521 $1,743,500 $1,743,500 $0
2021 $6,904 $1,902,000 $1,902,000 $0
2020 $6,562 $1,902,000 $1,902,000 $0
2019 $6,284 $1,870,200 $1,870,200 $0
2018 $7,427 $2,103,900 $2,103,900 $0
2017 $6,023 $1,776,700 $1,776,700 $0
2016 $11,819 $3,517,500 $3,517,500 $0
2015 $13,536 $3,749,600 $3,326,500 $423,100
2014 $11,714 $3,115,300 $2,687,300 $428,000
Source: Public Records

Agents Affiliated with this Home

  • E

    Seller's Agent in 2014

    Ed Gillum

    J Pepper Frazier Co.

    (508) 325-1738

    10 in this area

    10 Total Sales

    Ed Gillum
    Section Image
  • Michael O'Mara

    Buyer's Agent in 2014

    Michael O'Mara

    BHHS Island Properties Nantucket

    (508) 451-8339

    26 in this area

    26 Total Sales

    Michael O'Mara
    Section Image
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Map

Source: LINK

MLS Number: 77578

APN: NANT-000-043-000-000-0000-94-000-002

Massachusetts Nantucket County Nantucket 02554

12 Gardner Rd, Nantucket, MA

This home is located at 12 Gardner Rd, Nantucket, MA 02554 since 15 May 2013 and is currently estimated at $4,358,052, approximately $1,490 per square foot. 12 Gardner Rd is a home located in Nantucket County with nearby schools including Nantucket Elementary School, Cyrus Peirce Middle School, and Nantucket High School.

Disclaimer: Certain information contained herein is derived from information provided by parties other than Homes.com. All information provided is deemed reliable, but is not guaranteed to be accurate and should be independently verified.

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