3 Traders Ln Nantucket, MA 02554
5
Beds
5.5
Baths
2,700
Sq Ft
3,049
Sq Ft Lot
Highlights
- Deck
- Patio
- Garden
About This Home
As of June 2021With a history dating back to the late 18th century, 3 Traders Lane was impeccably transformed in 2014 into a stunning contemporary residence. This well appointed 5 BR, 5.5 bath home epitomizes sophistication and style in its contemporary design, while retaining vestiges of its historic past with original reclaimed wide plank pine floors, wood ceiling beams and fenestration. The highest level of craftsmanship and materials were used in the thoughtful renovation which is apparent in every detail. The open living room, centered around a gas fireplace, is ideal for social gatherings and flows seamlessly into the dining area and light filled gourmet kitchen. A separate office/den is located off the living area. The tranquil and inviting outdoor spaces include a bluestone patio with a covered dining area and open air seating with fire pit. The very private fenced yard is professionally landscaped with mature trees and perennial plantings. Amenities include gourmet kitchen with top-of-the-line stainless steel appliances, original antique reclaimed Kings pine flooring, original antique wood beams, central AC, multiple shiplapped areas, custom cabinetry, gas fireplace, exquisitely tiled baths, Sonos music system, and an alarm system. Traders Lane, a desirable and coveted location in the historic district, is a quiet and picturesque street surrounded by notable whaling captains houses and is just steps to cobblestoned Main Street.
Home Details
Home Type
- Single Family
Est. Annual Taxes
- $8,108
Year Built
- Built in 1790
Lot Details
- 3,049 Sq Ft Lot
- Garden
- Property is zoned ROH
Home Design
- 2,700 Sq Ft Home
Bedrooms and Bathrooms
- 5 Bedrooms | 1 Main Level Bedroom
Outdoor Features
- Deck
- Patio
Utilities
- Cable TV Available
Listing and Financial Details
- Tax Lot 1
- Assessor Parcel Number 116
Ownership History
Date
Name
Owned For
Owner Type
Purchase Details
Listed on
Dec 15, 2020
Closed on
Jun 15, 2021
Sold by
3 Traders Lane Llc
Bought by
Hansen Mark A
Seller's Agent
Jennifer Frazier
J Pepper Frazier Co.
Buyer's Agent
John F. Trudel III
Maury People Sotheby's International Realty
List Price
$4,695,000
Sold Price
$4,325,000
Premium/Discount to List
-$370,000
-7.88%
Current Estimated Value
Home Financials for this Owner
Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$1,087,623
Avg. Annual Appreciation
5.49%
Original Mortgage
$2,811,250
Outstanding Balance
$2,550,505
Interest Rate
2.75%
Mortgage Type
Purchase Money Mortgage
Estimated Equity
$2,862,118
Purchase Details
Listed on
Mar 8, 2017
Closed on
Oct 6, 2017
Sold by
Southstar Mountain Vie
Bought by
3 Traders Lane Llc
Seller's Agent
Mimi Huber
Lee Real Estate
Buyer's Agent
Jennifer Frazier
J Pepper Frazier Co.
List Price
$4,995,000
Sold Price
$3,650,000
Premium/Discount to List
-$1,345,000
-26.93%
Home Financials for this Owner
Home Financials are based on the most recent Mortgage that was taken out on this home.
Avg. Annual Appreciation
4.71%
Purchase Details
Listed on
Aug 28, 2014
Closed on
Nov 4, 2014
Sold by
Fogarty Brian
Bought by
Southstar Mountain Vie
Seller's Agent
Chris Kling
J Pepper Frazier Co.
Buyer's Agent
Mimi Huber
Lee Real Estate
List Price
$3,795,000
Sold Price
$3,695,000
Premium/Discount to List
-$100,000
-2.64%
Home Financials for this Owner
Home Financials are based on the most recent Mortgage that was taken out on this home.
Avg. Annual Appreciation
-0.42%
Original Mortgage
$2,000,000
Interest Rate
3%
Mortgage Type
Adjustable Rate Mortgage/ARM
Purchase Details
Listed on
Aug 15, 2013
Closed on
Nov 22, 2013
Sold by
Mccluskey Katherine A
Bought by
Fogarty Brian
Seller's Agent
Kathy Gallaher
Maury People Sotheby's International Realty
Buyer's Agent
Chris Kling
J Pepper Frazier Co.
List Price
$1,595,000
Sold Price
$1,200,000
Premium/Discount to List
-$395,000
-24.76%
Home Financials for this Owner
Home Financials are based on the most recent Mortgage that was taken out on this home.
Avg. Annual Appreciation
226.69%
Original Mortgage
$1,895,000
Interest Rate
4.25%
Mortgage Type
Purchase Money Mortgage
Similar Homes in Nantucket, MA
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Home Values in the Area
Average Home Value in this Area
Purchase History
| Date | Type | Sale Price | Title Company |
|---|---|---|---|
| Not Resolvable | $4,325,000 | None Available | |
| Deed | $3,650,000 | -- | |
| Deed | $3,650,000 | -- | |
| Deed | $3,650,000 | -- | |
| Not Resolvable | $3,695,000 | -- | |
| Not Resolvable | $1,200,000 | -- |
Source: Public Records
Mortgage History
| Date | Status | Loan Amount | Loan Type |
|---|---|---|---|
| Open | $2,811,250 | Purchase Money Mortgage | |
| Closed | $2,811,250 | Purchase Money Mortgage | |
| Previous Owner | $2,000,000 | Adjustable Rate Mortgage/ARM | |
| Previous Owner | $1,895,000 | Purchase Money Mortgage |
Source: Public Records
Property History
| Date | Event | Price | Change | Sq Ft Price |
|---|---|---|---|---|
| 06/15/2021 06/15/21 | Sold | $4,325,000 | -7.9% | $1,545 / Sq Ft |
| 05/16/2021 05/16/21 | Pending | -- | -- | -- |
| 12/15/2020 12/15/20 | For Sale | $4,695,000 | +28.6% | $1,677 / Sq Ft |
| 10/06/2017 10/06/17 | Sold | $3,650,000 | -26.9% | $1,352 / Sq Ft |
| 09/06/2017 09/06/17 | Pending | -- | -- | -- |
| 03/08/2017 03/08/17 | For Sale | $4,995,000 | +35.2% | $1,850 / Sq Ft |
| 11/04/2014 11/04/14 | Sold | $3,695,000 | -2.6% | $1,369 / Sq Ft |
| 10/05/2014 10/05/14 | Pending | -- | -- | -- |
| 08/28/2014 08/28/14 | For Sale | $3,795,000 | +216.3% | $1,406 / Sq Ft |
| 11/22/2013 11/22/13 | Sold | $1,200,000 | -24.8% | $502 / Sq Ft |
| 10/23/2013 10/23/13 | Pending | -- | -- | -- |
| 08/15/2013 08/15/13 | For Sale | $1,595,000 | -- | $667 / 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 | $14,719 | $4,487,600 | $1,770,500 | $2,717,100 |
| 2024 | $13,927 | $4,449,400 | $1,803,300 | $2,646,100 |
| 2023 | $11,929 | $3,716,100 | $1,717,300 | $1,998,800 |
| 2022 | $11,344 | $3,033,100 | $1,561,200 | $1,471,900 |
| 2021 | $10,440 | $2,876,100 | $1,249,000 | $1,627,100 |
| 2020 | $11,138 | $3,228,300 | $1,353,000 | $1,875,300 |
| 2019 | $10,847 | $3,228,300 | $1,353,000 | $1,875,300 |
| 2018 | $8,426 | $2,436,700 | $1,301,000 | $1,135,700 |
| 2017 | $7,964 | $2,349,300 | $1,264,600 | $1,084,700 |
| 2016 | $7,759 | $2,309,300 | $1,249,000 | $1,060,300 |
| 2015 | $7,035 | $1,948,700 | $1,037,500 | $911,200 |
| 2014 | $6,276 | $1,669,200 | $1,032,900 | $636,300 |
Source: Public Records
Agents Affiliated with this Home
-
Jennifer Frazier
J
Seller's Agent in 2021
Jennifer Frazier
J Pepper Frazier Co.
(774) 236-9260
21 in this area
21 Total Sales
-
John F. Trudel III
J
Buyer's Agent in 2021
John F. Trudel III
Maury People Sotheby's International Realty
(508) 648-8870
42 in this area
42 Total Sales
-
Mimi Huber
M
Seller's Agent in 2017
Mimi Huber
Lee Real Estate
(508) 325-2073
18 in this area
18 Total Sales
-
Chris Kling
Seller's Agent in 2014
Chris Kling
J Pepper Frazier Co.
(781) 254-2293
46 in this area
46 Total Sales
-
Kathy Gallaher
K
Seller's Agent in 2013
Kathy Gallaher
Maury People Sotheby's International Realty
(508) 560-0078
57 in this area
57 Total Sales
Map
Source: LINK
MLS Number: 82934
APN: NANT-004-233-000-000-0001-16-000-000
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