2 Reacher Ln Nantucket, MA 02554
Estimated Value: $2,312,000 - $2,734,000
4
Beds
3
Baths
2,302
Sq Ft
$1,066/Sq Ft
Est. Value
Highlights
- Porch
- Patio
- Garden
About This Home
As of November 2021This delightful four bedroom property is located in the desirable Pine Valley neighborhood in Miacomet close to Miacomet Golf Course.This sun filled location is beautifully landscaped and hedged in offering endless privacy. Located in R 10 L Zoning, the bonus of town water and sewer exists at this seemingly endless .38 acre lot. There is an additional ground coverage of 3,000 square feet which creates endless options. Perhaps do a garage with an apartment above, guest cottage or add on to the existing property. Upgrades in 2013 include a new roof, windows, heating and cooling with mini splits, hardwood floors and an outdoor 100' shed. The lower level offers tremendous living space equipped with a living area, kitchen area, two additional office sized rooms and a full bathroom. Can readily change with proper window egress to two additional bedrooms. Excellent rental income of $ 30k yearly currently accompanies the basement.Review newly attached renderings for a POOL drawn by well received Mark Lombardi of Heritage Landscapes.The backyard serves as an excellent backdrop for one and pools are in high demand! Walking trail nearby overseen by the Land Bank that extends to Miacomet Beach/ bike paths are nearby for exercise to Cisco and various points on island. Enjoy the enclosed outdoor shower in the privacy of the backyard. Excellent location in a truly lovely neighborhood equidistant to Cisco (think Brewery, Bartlett Farm) Surfside Beach or town for great shopping. The trilogy of a solid investment, great rental history and future buildability is not to be missed.
Home Details
Home Type
- Single Family
Est. Annual Taxes
- $3,456
Year Built
- Built in 1997
Lot Details
- 0.38 Acre Lot
- Garden
- Property is zoned R10
Home Design
- 2,302 Sq Ft Home
Bedrooms and Bathrooms
- 4 Bedrooms | 1 Main Level Bedroom
- 3 Full Bathrooms
Outdoor Features
- Patio
- Porch
Utilities
- Cable TV Available
Listing and Financial Details
- Tax Lot 69
- Assessor Parcel Number 337
Ownership History
Date
Name
Owned For
Owner Type
Purchase Details
Closed on
Oct 23, 2023
Sold by
Rice Brian F and Rice Lauren
Bought by
Reacher Ln Llc
Total Days on Market
32
Current Estimated Value
Purchase Details
Closed on
Sep 8, 1997
Sold by
Mahoney Ruth D
Bought by
Sossen Kathryn L
Home Financials for this Owner
Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$169,650
Interest Rate
7.36%
Mortgage Type
Purchase Money Mortgage
Purchase Details
Closed on
May 21, 1997
Sold by
Veronneau Thomas and Veronneau Sharon
Bought by
Mohoney Ruth D
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Similar Homes in Nantucket, MA
Home Values in the Area
Average Home Value in this Area
Purchase History
| Date | Buyer | Sale Price | Title Company |
|---|---|---|---|
| Reacher Ln Llc | -- | None Available | |
| Reacher Ln Llc | -- | None Available | |
| Sossen Kathryn L | $261,000 | -- | |
| Sossen Kathryn L | $261,000 | -- | |
| Mohoney Ruth D | $123,000 | -- | |
| Mohoney Ruth D | $123,000 | -- |
Source: Public Records
Mortgage History
| Date | Status | Borrower | Loan Amount |
|---|---|---|---|
| Previous Owner | Farrell-Rice Brian | $1,337,250 | |
| Previous Owner | Sossen Kathryn L | $329,736 | |
| Previous Owner | Sossen Kathryn L | $60,000 | |
| Previous Owner | Sossen Kathryn L | $322,000 | |
| Previous Owner | Sossen Kathryn L | $100,000 | |
| Previous Owner | Sossen Kathryn L | $50,000 | |
| Previous Owner | Sossen Kathryn L | $240,000 | |
| Previous Owner | Sossen Kahtryn L | $195,750 | |
| Previous Owner | Sossen Kathryn L | $169,650 | |
| Previous Owner | Mohoney Ruth D | $250,000 | |
| Closed | Sossen Kathryn L | $65,250 | |
| Closed | Molloy John W | $0 |
Source: Public Records
Property History
| Date | Event | Price | Change | Sq Ft Price |
|---|---|---|---|---|
| 11/02/2021 11/02/21 | Sold | $1,783,000 | -10.6% | $775 / Sq Ft |
| 10/03/2021 10/03/21 | Pending | -- | -- | -- |
| 08/26/2021 08/26/21 | For Sale | $1,995,000 | +299.0% | $867 / Sq Ft |
| 12/31/2012 12/31/12 | Sold | $500,000 | -- | $283 / Sq Ft |
Source: LINK
Tax History Compared to Growth
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 | $6,674 | $2,034,900 | $704,400 | $1,330,500 |
| 2024 | $6,016 | $1,921,900 | $704,400 | $1,217,500 |
| 2023 | $5,209 | $1,622,800 | $671,400 | $951,400 |
| 2022 | $4,008 | $1,071,700 | $542,300 | $529,400 |
| 2021 | $3,456 | $952,200 | $561,000 | $391,200 |
| 2020 | $3,285 | $952,200 | $561,000 | $391,200 |
| 2019 | $3,184 | $947,700 | $556,500 | $391,200 |
| 2018 | $2,386 | $683,800 | $391,800 | $292,000 |
| 2017 | $2,208 | $651,200 | $359,200 | $292,000 |
| 2016 | $2,034 | $605,400 | $313,400 | $292,000 |
| 2015 | $2,278 | $631,000 | $339,000 | $292,000 |
| 2014 | $2,309 | $614,000 | $322,000 | $292,000 |
Source: Public Records
Agents Affiliated with this Home
-
Paula Maloney
P
Seller's Agent in 2021
Paula Maloney
William Raveis Nantucket
(508) 332-8412
13 Total Sales
-
Max Perkins
M
Buyer's Agent in 2021
Max Perkins
William Raveis Nantucket
22 Total Sales
-
Nantucket CompLINK
N
Seller's Agent in 2012
Nantucket CompLINK
LINK Listing Information Network
423 Total Sales
Map
Source: LINK
MLS Number: 88750
APN: NANT-000-066-000-000-0003-37-000-000
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