NOT LISTED FOR SALE

3 Cabot Ln Nantucket, MA 02554

Estimated Value: $4,609,000 - $7,294,000

5 Beds
3.5 Baths
2,416 Sq Ft
$2,500/Sq Ft Est. Value

Last Sold December 14, 2012

Last sale price $2,525,000 $1,045 Per Sq Ft

Est. 139% increase in value since last sale

Current estimated payment $34,513/month

131 Days on Market

Highlights

  • Deck
  • Porch
  • Patio

About This Home

As of December 2012

Beautiful summer home set in Nantucket's top location, "Lincoln Circle".  The open floor plan provides a light and airy feeling to the first floor.  Built by Perkins LaFrance, this home features vertical grain fir floors and cypress cabinetry and millwork.  There are second floor water views and big water views from the Widow's Walk of Nantucket Harbor as well as Nantucket Sound.  A short walk to Steps as well as Jetties Beach.  Easy access to downtown - an extremely desirable Nantucket location!

Last Agent to Sell the Property

Michael O'Mara

Berkshire Hathaway HomeServices Island Properties Nantucket Listed on: 07/06/2012

Berkshire Hathaway HomeServices Island Properties Nantucket

Last Buyer's Agent

Wayne J. Viera

Maury People Sotheby's International Realty

Home Details

Home Type

  • Single Family

Est. Annual Taxes

  • $6,738

Year Built

  • Built in 1988

Lot Details

  • 5,436 Sq Ft Lot
  • Property is zoned R1

Bedrooms and Bathrooms

  • 5 Bedrooms | 1 Main Level Bedroom

Outdoor Features

  • Deck
  • Patio
  • Porch

Utilities

  • Cable TV Available

Community Details

  • Association fees include 0

Listing and Financial Details

  • Assessor Parcel Number 60

Home Details

Home Type

Single Family

Est. Annual Taxes

$6,738

Year Built

Built in 1988

Lot Details

0

Listing Details

  • Property Sub Type: Single Family Residence
  • Prop. Type: Residential
  • Road Frontage Type: None
  • Lot Size Acres: 0.125
  • Year Built: 1988
  • Special Features: None

Interior Features

  • Furnished: Unfurnished
  • Possible Use: Bk. 5 Pg. 52
  • Appliances: Stove: Yes, Washer: Yes
  • Has Basement: Full basement with plenty of room for storage or bonus room.  Stairs with exterior access to outdoor shower and back yard.  Laundry area and half bath.
  • Full Bathrooms: 3
  • Half Bathrooms: 1
  • Total Bedrooms: 5
  • Fireplace Features: Yes
  • Fireplace: No
  • Flooring: Vertical Grain Fir
  • Interior Amenities: A,Ins,OSh, Floor 1: Foyer with stairs up to second level.  Large living room with brick fireplace, expansive built-in window seat and doors out to large, covered front porch.  Dining area with French doors out to brick patio area with outdoor shower.  Large kitchen with cypress cabinetry.  Small bedroom with built-in single bed and full bath with shower.  Large hall area with storage closet., Floor 2: Four bedrooms on the second floor with three of the bedrooms sharing a full hall bathroom with tub/shower.  The fourth bedroom, the Master bedroom suite has private bath, several closets and private upper deck with an accessible and comfortable staircase leading up to the Widow's Walk.  The Widow's Walk has breathtaking views of the Harbor and Nantucket Sound.
  • Main Level Bedrooms: 1

Exterior Features

  • Lot Features: None known., Yes
  • Pool Private: No
  • View: Hbr, Res
  • Exterior Features: Deck, Patio, Porch
  • Foundation Details: Poured Concrete - Full

Garage/Parking

  • Parking Features: 2-car

Utilities

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

Fee Information

  • Association Fee Includes: 0

Lot Info

  • Lot Size Sq Ft: 5436
  • Parcel #: 60
  • Zoning: R1

Tax Info

  • Tax Annual Amount: 6738
  • Tax Lot: .
  • Tax Map Number: 30
  • Tax Other Annual Assessment Amount: 1243100
  • Tax Year: 2012

Ownership History

Date Name Owned For Owner Type

Purchase Details

Closed on
Mar 25, 2013
Sold by
Platek Philip R and Platek Jennifer A
Bought by
Pilarray Llc
Current Estimated Value
$6,039,335

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$1,000,000
Outstanding Balance
$244,755
Interest Rate
3.56%
Estimated Equity
$5,652,509

Purchase Details

Listed on
Jul 6, 2012
Closed on
Dec 14, 2012
Sold by
3 Cabot Lane Llc
Bought by
Platek Philip R and Platek Jennifer A
Seller's Agent
Michael O'Mara
Berkshire Hathaway HomeServices Island Properties Nantucket
Buyer's Agent
Wayne J. Viera
Maury People Sotheby's International Realty
List Price
$3,275,000
Sold Price
$2,525,000
Premium/Discount to List
-$750,000
-22.9%

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Avg. Annual Appreciation
6.91%

Purchase Details

Closed on
Feb 14, 2011
Sold by
Acj Rt and Toombs
Bought by
3 Cabot Lane Llc

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$1,500,000
Interest Rate
4.88%
Mortgage Type
Purchase Money Mortgage

Purchase Details

Closed on
Nov 16, 1987
Sold by
Adair William L
Bought by
Toombs W Scott
Source: Public Records

Range of Values:

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Average Value
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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
Pilarray Llc -- --
Pilarray Llc -- --
Platek Philip R $2,525,000 --
3 Cabot Lane Llc -- --
3 Cabot Lane Llc -- --
3 Cabot Lane Llc -- --
Toombs W Scott $495,000 --
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Open Toombs W Scott $1,000,000
Previous Owner Toombs W Scott $1,680,000
Previous Owner 3 Cabot Lane Llc $1,500,000
Source: Public Records

Property History

Date Event Price Change Sq Ft Price
12/14/2012 12/14/12 Sold $2,525,000 -22.9% $1,045 / Sq Ft
11/14/2012 11/14/12 Pending -- -- --
07/06/2012 07/06/12 For Sale $3,275,000 -- $1,356 / 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 $19,268 $5,874,500 $3,391,500 $2,483,000
2024 $18,387 $5,874,500 $3,391,500 $2,483,000
2023 $13,447 $4,189,000 $3,076,000 $1,113,000
2022 $12,336 $3,298,300 $2,467,900 $830,400
2021 $10,878 $2,996,800 $2,243,500 $753,300
2020 $10,339 $2,996,800 $2,243,500 $753,300
2019 $9,525 $2,834,900 $2,081,600 $753,300
2018 $9,938 $2,815,400 $2,152,100 $663,300
2017 $9,544 $2,815,400 $2,152,100 $663,300
2016 $9,398 $2,797,000 $2,177,700 $619,300
2015 $9,351 $2,590,200 $1,933,800 $656,400
2014 $9,014 $2,397,400 $1,657,500 $739,900
Source: Public Records

Agents Affiliated with this Home

  • Michael O'Mara

    Seller's Agent in 2012

    Michael O'Mara

    Berkshire Hathaway HomeServices Island Properties Nantucket

    (508) 451-8339

    26 in this area

    26 Total Sales

    Michael O'Mara
    Section Image

  • W

    Buyer's Agent in 2012

    Wayne J. Viera

    Maury People Sotheby's International Realty

    (508) 221-0763

    5 in this area

    5 Total Sales

    Wayne J. Viera
    Section Image
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Map

Source: LINK

MLS Number: 76472

APN: NANT-000-030-000-000-0000-60-000-000

Massachusetts Nantucket County Nantucket 02554

3 Cabot Ln, Nantucket, MA

This home is located at 3 Cabot Ln, Nantucket, MA 02554 since 06 July 2012 and is currently estimated at $6,039,335, approximately $2,499 per square foot. This property was built in 1988. 3 Cabot Ln 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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