$2,770,000
SOLD FEB 15, 2018

2 Chestnut St Nantucket, MA 02554

9 Beds
9 Baths
3,636 Sq Ft
3,484 Sq Ft Lot

Recently Sold

$762 Per Sq Ft

6% Below List Price

165 Days on Market

Highlights

  • Patio
  • Garden
  • Garage

About This Home

As of April 2021

Commercial Property in the center of Downtown. This superior in-town location is ideal for summer or year round business and is suitable for many uses, retail, residential, or continue to operate it as an inn or a combination of uses. The Hawthorn House has been operated as an Inn for decades, with 8 Guestrooms, plus a one bedroom garage apartment. All Guestrooms have private baths. The option to develop the garage into a luxury cottage is a valuable bonus. There is a private brick patio in the rear and a large covered porch along the west side. Off Street Parking is a valued asset.

Last Agent to Sell the Property

Robert Young

William Raveis Nantucket Listed on: 08/04/2017

Last Buyer's Agent

Henry Sanford

Sanford & Sanford Real Estate

Home Details

Home Type

  • Single Family

Est. Annual Taxes

  • $11,291

Year Built

  • Built in 1849

Lot Details

  • 3,484 Sq Ft Lot
  • Garden
  • Property is zoned RCTD

Parking

  • Garage

Interior Spaces

  • 3,636 Sq Ft Home
  • Partially Furnished

Bedrooms and Bathrooms

  • 9 Bedrooms | 3 Main Level Bedrooms
  • 9 Full Bathrooms

Additional Features

  • Patio
  • Cable TV Available

Listing and Financial Details

  • Tax Lot 4
  • Assessor Parcel Number 69

Home Details

Home Type

Single Family

Est. Annual Taxes

$11,291

Year Built

Built in 1849

Lot Details

0

Listing Details

  • Property Sub Type: Single Family Residence
  • Prop. Type: Residential
  • Road Frontage Type: None
  • Lot Size Acres: 0.08
  • Garage Yn: Yes
  • Year Built: 1849
  • Special Features: None

Interior Features

  • Furnished: Partially
  • Possible Use: Plan 16, Page 32
  • Appliances: Stove: Yes, Washer: 2
  • Has Basement: Full basement under the main section of the house.
  • Full Bathrooms: 9
  • Total Bedrooms: 9
  • Fireplace Features: Multiple non working
  • Flooring: Wood/Carpet
  • Interior Amenities: Floor 1: Two guest rooms with Private Baths, Owners suite with Bedroom, Bathroom, Living Room, Eat-in Kitchen plus a small room formerly used as an Office. Access to Cover Porch and private Brick Patio., Floor 2: Two Guest Rooms with Private Baths. Open Common Room at top of stairs. 1 Guest Room with detached Bath, and private 2nd floor deck. 1 Guest Room with en-suite bath., Floor 3: Guestroom with Private Bath, Guest Room with Bathroom that sleeps up to 4 guests. Small common area. Storage room.
  • Main Level Bedrooms: 3

Exterior Features

  • Lot Features: Beneficial easement for access along the east side of the property. See deed., None
  • Pool Private: No
  • View: None, Twn
  • Disclosures: Lead Base Paint
  • Exterior Features: Patio, Garden
  • Foundation Details: Stone/Brick
  • Other Structures: 1940 Garage with attached apartment in the rear that rents as a 1 Bedroom Apartment, called the "CubbyHole". Expansion potential.

Garage/Parking

  • Parking Features: Yes, 2 car

Utilities

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

Lot Info

  • Lot Size Sq Ft: 3484
  • Parcel #: 69
  • Zoning: RCTD

Green Features

Multi Family

Tax Info

  • Tax Annual Amount: 11291
  • Tax Lot: 4
  • Tax Map Number: 4231
  • Tax Other Annual Assessment Amount: 416800
  • Tax Year: 2016

Ownership History

Date Name Owned For Owner Type

Purchase Details

Closed on
Aug 13, 1986
Bought by
Carl Charles M and Carl Diane J
Current Estimated Value
$6,188,338
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 Type Sale Price Title Company
Deed -- --
Source: Public Records

Mortgage History

Date Status Loan Amount Loan Type
Closed $0 Stand Alone Refi Refinance Of Original Loan
Open $1,942,500 Unknown
Closed $15,000 Commercial
Source: Public Records

Property History

Date Event Price Change Sq Ft Price
04/16/2021 04/16/21 Sold $4,100,000 +48.0% $1,128 / Sq Ft
02/15/2018 02/15/18 Sold $2,770,000 -6.1% $762 / Sq Ft
01/16/2018 01/16/18 Pending -- -- --
08/02/2017 08/02/17 For Sale $2,950,000 -- $811 / 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 $22,372 $4,343,000 $852,600 $3,490,400
2024 $22,372 $4,221,200 $812,000 $3,409,200
2023 $0 $3,554,900 $738,200 $2,816,700
2022 $0 $2,725,000 $687,000 $2,038,000
2021 $0 $2,637,400 $599,400 $2,038,000
2020 $15,518 $2,470,400 $599,400 $1,871,000
2019 $0 $2,470,400 $599,400 $1,871,000
2018 $0 $1,926,200 $458,000 $1,468,200
2017 -- $1,885,000 $416,800 $1,468,200
2016 -- $1,747,900 $310,700 $1,437,200
2015 $15,233 $1,597,400 $283,900 $1,313,500
2014 $15,233 $1,602,100 $283,900 $1,318,200
Source: Public Records

Agents Affiliated with this Home

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Map

Source: LINK

MLS Number: 83560

APN: NANT-004-231-000-000-0000-69-000-000