NOT LISTED FOR SALE

12 Main St Unit 5 Nantucket, MA 02554

Estimated Value: $1,355,378 - $1,903,000

1 Bed
2 Baths
890 Sq Ft
1900 Built

Last Sold March 09, 2021

Last sale price $935,000 $1,051 Per Sq Ft

Est. 68% increase in value since last sale

Current estimated payment $9,114/month

148 Days on Market

About This Home

As of March 2021

This turnkey 1 bedroom 2 bath condo is supremely located in the heart of town on Main Street! The kitchen, open living room/dining area and full bath are located on the second floor. The master bedroom is tucked away on the third floor with its own ensuite full bath and small sitting area. Access to the property is from a beautiful courtyard, off Washington Street.

In addition to it's walk-anywhere location, this light-filled condo boasts a well designed floor plan in a well maintained building. The property is ideal as an investment property offering short term or long-term rental income potential, or for personal use as a pied-a-terre with room to work from home.

Last Agent to Sell the Property

Melanie Gowen

William Raveis Nantucket Listed on: 09/11/2020

Last Buyer's Agent

Lesley Kennie

William Raveis Nantucket

Property Details

Home Type

  • Condominium

Est. Annual Taxes

  • $3,720

Year Built

  • Built in 1900

Interior Spaces

  • 890 Sq Ft Home
  • Furnished

Bedrooms and Bathrooms

  • 1 Bedroom
  • 2 Full Bathrooms

Additional Features

  • Deck
  • Cable TV Available

Community Details

  • Association fees include $225 monthly condo fees cover shared building maintenance and rubbish pickup.

Listing and Financial Details

  • Tax Lot 2
  • Assessor Parcel Number 180

Property Details

Home Type

Condominium

Est. Annual Taxes

$3,720

Year Built

Built in 1900

Lot Details

0

Listing Details

  • Property Sub Type: Condominium
  • Prop. Type: Condominium
  • Road Frontage Type: None
  • Year Built: 1900
  • Special Features: None

Interior Features

  • Furnished: Furnished
  • Possible Use: 7-F
  • Appliances: Stove: yes, Washer: yes
  • Full Bathrooms: 2
  • Total Bedrooms: 1
  • Fireplace: No
  • Flooring: 2
  • Interior Amenities: Ins, Floor 1: Spacious newly renovated kitchen with stainless steel appliances, private laundry, and bar stools at island counter. Around the hallway is an open dining/living area with full bathroom., Floor 2: Stairs up to the master bedroom with full bath, small sitting area, and skylight.

Exterior Features

  • Pool Private: No
  • View: None, Twn
  • Exterior Features: Deck

Garage/Parking

  • Parking Features: street

Utilities

  • Heating: Electric
  • Sewer: Twn
  • Utilities: Cbl
  • Water Source: Town

Condo/Co-op/Association

  • Association Fee: 225

Fee Information

  • Association Fee Includes: $225 monthly condo fees cover shared building maintenance and rubbish pickup.

Lot Info

  • Parcel #: 180
  • Zoning: RCTD

Tax Info

  • Tax Lot: 2
  • Tax Map Number: 42.3.1

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
Sep 11, 2020
Closed on
Mar 3, 2021
Sold by
12 Main Street Llc
Bought by
Island Thyme Llc
Seller's Agent
Melanie Gowen
William Raveis Nantucket
Buyer's Agent
Lesley Kennie
William Raveis Nantucket
List Price
$980,000
Sold Price
$935,000
Premium/Discount to List
-$45,000
-4.59%
Total Days on Market
148
Current Estimated Value
$1,574,345

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$639,345
Avg. Annual Appreciation
13.04%
Original Mortgage
$748,000
Outstanding Balance
$676,595
Interest Rate
2.7%
Mortgage Type
Purchase Money Mortgage
Estimated Equity
$897,750
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
Island Thyme Llc $935,000 None Available
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Open Island Thyme Llc $748,000
Source: Public Records

Property History

Date Event Price Change Sq Ft Price
03/09/2021 03/09/21 Sold $935,000 -4.6% $1,051 / Sq Ft
02/07/2021 02/07/21 Pending -- -- --
09/11/2020 09/11/20 For Sale $980,000 -- $1,101 / 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 $3,720 $1,134,000 $0 $1,134,000
2024 $3,505 $1,119,700 $0 $1,119,700
2023 $2,844 $886,000 $0 $886,000
2022 $1,981 $529,700 $0 $529,700
2021 $1,923 $529,700 $0 $529,700
Source: Public Records

Agents Affiliated with this Home

  • Melanie Gowen

    Seller's Agent in 2021

    Melanie Gowen

    William Raveis Nantucket

    (202) 365-0240

    14 Total Sales

    Melanie Gowen
    Section Image

  • L

    Buyer's Agent in 2021

    Lesley Kennie

    William Raveis Nantucket

See All Agents

Map

Source: LINK

MLS Number: 87459

APN: 4231 180 5

Massachusetts Nantucket County Nantucket 02554

12 Main St Unit 5, Nantucket, MA

This home is located at 12 Main St Unit 5, Nantucket, MA 02554 since 11 September 2020 and is currently estimated at $1,574,345, approximately $1,768 per square foot. This property was built in 1900. 12 Main St Unit 5 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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