NOT LISTED FOR SALE

3 Atlantic Ave Nantucket, MA 02554

Estimated Value: $2,785,000 - $3,129,000

1 Bed
1 Bath
525 Sq Ft
$5,740/Sq Ft Est. Value

Last Sold September 13, 2021

Last sale price $995,000 $1,895 Per Sq Ft

Est. 203% increase in value since last sale

Current estimated payment $16,637/month

294 Days on Market

About This Home

As of September 2021

"Pipe Dream Cottage" is a completely renovated turnkey property close to the heart of town. This hidden gem is tucked away with private yard, brick patio, mature landscaping and multiple off-street parking spaces. Cathedral ceilings throughout create open and airy interior spaces. Meticulously maintained, with an excellent rental history. Additional ground cover available.

Last Agent to Sell the Property

Joe Lloyd

Lee Real Estate Listed on: 10/23/2020

Last Buyer's Agent

Bruce Beni

Lee Real Estate

Home Details

Home Type

  • Single Family

Est. Annual Taxes

  • $1,450

Year Built

  • Built in 1998

Lot Details

  • 2,369 Sq Ft Lot
  • Garden
  • Property is zoned R1

Home Design

  • Block Foundation

Interior Spaces

  • 525 Sq Ft Home
  • Partially Furnished

Bedrooms and Bathrooms

  • 1 Main Level Bedroom
  • 1 Full Bathroom

Additional Features

  • Patio
  • Cable TV Available

Listing and Financial Details

  • Tax Lot A
  • Assessor Parcel Number 991

Home Details

Home Type

Single Family

Est. Annual Taxes

$1,450

Year Built

Built in 1998

Lot Details

0

Listing Details

  • Property Sub Type: Single Family Residence
  • Prop. Type: Residential
  • Road Frontage Type: None
  • Lot Size Acres: 0.0543
  • Year Built: 1998
  • Special Features: None

Interior Features

  • Furnished: Partially
  • Possible Use: 8195
  • Appliances: Stove: GE, Washer: GE
  • Has Basement: Crawl space
  • Full Bathrooms: 1
  • Total Bedrooms: 1
  • Fireplace Features: 0
  • Fireplace: No
  • Flooring: Pine
  • Interior Amenities: AC,Ins,Irr, Floor 1: First floor opens to living room with dining area and separate kitchen. Master bedroom with full bath and shower tub.
  • Main Level Bedrooms: 1

Exterior Features

  • Lot Features: Yes
  • Pool Private: No
  • View: None, Twn
  • Exterior Features: Patio, Garden
  • Foundation Details: Block

Garage/Parking

  • Parking Features: 2 Off street Spaces

Utilities

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

Lot Info

  • Lot Size Sq Ft: 2369
  • Parcel #: 991
  • Zoning: R1

Tax Info

  • Tax Annual Amount: 1450
  • Tax Lot: A
  • Tax Map Number: 55.4.1
  • Tax Other Annual Assessment Amount: 339200

Ownership History

Date Name Owned For Owner Type

Purchase Details

Closed on
Jul 3, 2019
Sold by
Smith Alison R and Smith Matthew Z
Bought by
Matthew and Matthew Alison Smith
Current Estimated Value
$3,013,393

Purchase Details

Listed on
Mar 23, 2018
Closed on
Mar 23, 2018
Sold by
Hill Nantucket Rt
Bought by
Smith Matthew Z and Orrico Alison R
Seller's Agent
Jeffrey Lee
Lee Real Estate
Buyer's Agent
Bruce Beni
Lee Real Estate
Sold Price
$675,000

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Avg. Annual Appreciation
22.62%
Original Mortgage
$540,000
Interest Rate
3.38%
Mortgage Type
New Conventional

Purchase Details

Closed on
May 17, 2007
Sold by
Hill Frank E and Hill Jodi W
Bought by
Hill Nantucket Rt

Purchase Details

Closed on
Oct 6, 2000
Sold by
Laroe Frank W and Laroe Joyce B
Bought by
Hill Frank E and Hill Jodi W

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$500,000
Interest Rate
7.96%
Mortgage Type
Purchase Money Mortgage

Purchase Details

Closed on
Feb 11, 1998
Sold by
Perry Beatrice and Perry Armina
Bought by
Laroe Frank W and Laroe Joyce B

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$412,000
Interest Rate
6.95%
Mortgage Type
Purchase Money Mortgage
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
Matthew -- --
Smith Matthew Z $675,000 --
Hill Nantucket Rt -- --
Hill Frank E $1,100,000 --
Laroe Frank W $217,000 --
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Previous Owner Smith Matthew Z $540,000
Previous Owner Laroe Frank W $350,000
Previous Owner Laroe Frank W $500,000
Previous Owner Laroe Frank W $500,000
Previous Owner Laroe Frank W $412,000
Source: Public Records

Property History

Date Event Price Change Sq Ft Price
09/13/2021 09/13/21 Sold $995,000 -9.5% $1,895 / Sq Ft
08/14/2021 08/14/21 Pending -- -- --
10/23/2020 10/23/20 For Sale $1,099,000 +62.8% $2,093 / Sq Ft
03/23/2018 03/23/18 Sold $675,000 -- $1,259 / 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 $7,923 $2,415,600 $714,800 $1,700,800
2024 $7,486 $2,391,800 $714,800 $1,677,000
2023 $6,015 $1,873,900 $680,700 $1,193,200
2022 $5,130 $1,371,600 $477,700 $893,900
2021 $5,087 $1,401,400 $507,500 $893,900
2020 $4,747 $1,375,900 $435,900 $940,000
2019 $4,978 $1,481,400 $468,700 $1,012,700
2018 $5,075 $1,414,900 $494,300 $920,600
2017 $4,719 $1,391,900 $494,300 $897,600
2016 $4,605 $1,370,500 $513,600 $856,900
2015 $4,348 $1,204,500 $415,500 $789,000
2014 $4,176 $1,110,600 $315,700 $794,900
Source: Public Records

Agents Affiliated with this Home

  • J

    Seller's Agent in 2021

    Joe Lloyd

    Lee Real Estate

  • B

    Buyer's Agent in 2021

    Bruce Beni

    Lee Real Estate

    (508) 280-6131

    33 in this area

    33 Total Sales

    Bruce Beni
    Section Image

  • J

    Seller's Agent in 2018

    Jeffrey Lee

    Lee Real Estate

    (508) 648-6987

    16 in this area

    16 Total Sales

    Jeffrey Lee
    Section Image
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Map

Source: LINK

MLS Number: 87673

APN: NANT-005-541-000-000-0000-99-000-000

Massachusetts Nantucket County Nantucket 02554

3 Atlantic Ave, Nantucket, MA

This home is located at 3 Atlantic Ave, Nantucket, MA 02554 since 23 October 2020 and is currently estimated at $3,013,393, approximately $5,739 per square foot. This property was built in 1998. 3 Atlantic Ave 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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