NOT LISTED FOR SALE

3 Back St Nantucket, MA 02554

Estimated Value: $1,508,000 - $5,594,000

3 Beds
2 Baths
1,344 Sq Ft
$2,042/Sq Ft Est. Value

Last Sold January 02, 2024

Last sale price $1,200,000 $893 Per Sq Ft

Est. 129% increase in value since last sale

Current estimated payment $14,874/month

133 Days on Market

About This Home

As of January 2024

For those seeking a new-build or renovation opportunity, this 3-bedroom, 2 full bath home offers great potential given its location close to the cobble streets of downtown and within walking distance to Steamboat and Straight Wharf. The home sits on a level .12-acre lot.

Last Agent to Sell the Property

Doug Grattan

Christie's International Real Estate Atlantic Brokerage Listed on: 08/03/2023

Last Buyer's Agent

Spencer Heydt

Fisher Real Estate

Home Details

Home Type

  • Single Family

Est. Annual Taxes

  • $3,743

Year Built

  • Built in 1955

Lot Details

  • 5,055 Sq Ft Lot
  • Property is zoned ROH

Home Design

  • 1,344 Sq Ft Home

Bedrooms and Bathrooms

  • 3 Main Level Bedrooms
  • 2 Full Bathrooms

Utilities

  • Cable TV Available

Listing and Financial Details

  • Tax Lot 1
  • Assessor Parcel Number 55348

Home Details

Home Type

Single Family

Est. Annual Taxes

$3,743

Year Built

Built in 1955

Lot Details

0

Listing Details

  • Property Sub Type: Single Family Residence
  • Prop. Type: Residential
  • Road Frontage Type: None
  • Lot Size Acres: 0.116
  • Garage Yn: No
  • Year Built: 1955
  • Special Features: None

Interior Features

  • Furnished: Unfurnished
  • Appliances: Stove: Electric
  • Full Bathrooms: 2
  • Total Bedrooms: 3
  • Flooring: Pine - Soft Wood
  • Main Level Bedrooms: 3

Exterior Features

  • Lot Features: Parking Easement, Yes
  • Pool Private: No
  • View: None

Garage/Parking

  • Parking Features: Yes

Utilities

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

Lot Info

  • Lot Size Sq Ft: 5055
  • Parcel #: 55348
  • Zoning: ROH

Green Features

Multi Family

Tax Info

  • Tax Annual Amount: 3742.98
  • Tax Lot: 1
  • Tax Map Number: 55-348
  • Tax Year: 2023

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
Aug 3, 2023
Closed on
Dec 29, 2023
Sold by
Lopes
Bought by
1 & 3 Back Street Llc
Seller's Agent
Doug Grattan
Christie's International Real Estate Atlantic Brokerage
Buyer's Agent
Spencer Heydt
Fisher Real Estate
List Price
$1,799,000
Sold Price
$1,200,000
Premium/Discount to List
-$599,000
-33.3%
Views
181
Current Estimated Value
$2,743,811

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$1,543,811
Avg. Annual Appreciation
59.98%
Original Mortgage
$2,610,000
Outstanding Balance
$2,568,395
Interest Rate
7.44%
Mortgage Type
Commercial
Estimated Equity
$175,416
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
1 & 3 Back Street Llc $2,900,000 None Available
1 & 3 Back Street Llc $2,900,000 None Available
1 & 3 Back Street Llc $2,900,000 None Available
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Open 1 & 3 Back Street Llc $2,610,000
Closed 1 & 3 Back Street Llc $2,610,000
Source: Public Records

Property History

Date Event Price List to Sale Price per Sq Ft
01/02/2024 01/02/24 Sold $1,200,000 -33.3% $893 / Sq Ft
12/05/2023 12/05/23 Pending -- -- --
11/15/2023 11/15/23 For Sale $1,799,000 0.0% $1,339 / Sq Ft
11/10/2023 11/10/23 Pending -- -- --
10/31/2023 10/31/23 Price Changed $1,799,000 -10.0% $1,339 / Sq Ft
09/22/2023 09/22/23 Price Changed $1,999,900 -9.1% $1,488 / Sq Ft
08/10/2023 08/10/23 Price Changed $2,199,000 -12.0% $1,636 / Sq Ft
07/24/2023 07/24/23 For Sale $2,499,000 -- $1,859 / 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 $4,444 $1,354,800 $769,900 $584,900
2024 $4,058 $1,296,500 $810,400 $486,100
2023 $3,743 $1,165,900 $771,700 $394,200
2022 $35 $936,300 $643,100 $293,200
2021 $3,342 $920,700 $643,100 $277,600
2020 $3,176 $920,700 $643,100 $277,600
2019 $3,774 $920,700 $643,100 $277,600
2018 $3,031 $858,600 $643,100 $215,500
2017 $2,963 $874,100 $643,100 $231,000
2016 $2,807 $835,300 $643,100 $192,200
2015 $2,726 $755,000 $553,200 $201,800
2014 $2,839 $755,000 $553,200 $201,800
Source: Public Records

Agents Affiliated with this Home

  • Doug Grattan

    Seller's Agent in 2024

    Doug Grattan

    Christie's International Real Estate Atlantic Brokerage

    (508) 294-4978

    3 in this area

    92 Total Sales

    Doug Grattan
    Section Image

  • S

    Buyer's Agent in 2024

    Spencer Heydt

    Fisher Real Estate

    (561) 573-6946

    13 in this area

    13 Total Sales

    Spencer Heydt
    Section Image
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Map

Source: LINK

MLS Number: 90524

APN: NANT-000-055-000-000-0003-48-000-000

Massachusetts Nantucket County Nantucket 02554

3 Back St, Nantucket, MA

This home is located at 3 Back St, Nantucket, MA 02554 since 03 August 2023 and is currently estimated at $2,743,811, approximately $2,041 per square foot. This property was built in 1955. 3 Back St 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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