$3,650,000
SOLD OCT 6, 2017

3 Traders Ln Nantucket, MA 02554

5 Beds
5.5 Baths
2,700 Sq Ft
3,049 Sq Ft Lot

Recently Sold

$1,352 Per Sq Ft

27% Below List Price

181 Days on Market

Highlights

  • Deck
  • Patio
  • Garden

About This Home

As of June 2021

With 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.

Last Agent to Sell the Property

Mimi Huber

Lee Real Estate Listed on: 03/08/2017

Last Buyer's Agent

Jennifer Frazier

J Pepper Frazier Co.

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

Home Details

Home Type

Single Family

Est. Annual Taxes

$8,108

Year Built

Built in 1790

Lot Details

0

Listing Details

  • Property Sub Type: Single Family Residence
  • Prop. Type: Residential
  • Road Frontage Type: None
  • Lot Size Acres: 0.0699
  • Year Built: 1790
  • Special Features: None

Interior Features

  • Furnished: Unfurnished
  • Possible Use: 2013-60
  • Appliances: Stove: Wolf 6 Burner, Washer: Whirlpool Duet
  • Has Basement: Crawl space
  • Full Bathrooms: 5
  • Half Bathrooms: 1
  • Total Bedrooms: 5
  • Fireplace Features: 1
  • Fireplace: No
  • Flooring: Reclaimed Antique Wide Plank Pine
  • Interior Amenities: A,AC,Disp,Ins,Irr,OSh, Floor 1: Entrance foyer with stairs leading up to second floor. To the right of the foyer is the open and spacious living room with gas fireplace with granite surround, dining area with built in banquette seating, and beautiful gourmet kitchen. To the left of the dining area is a private office/den with pocket door and custom built in cabinetry. The gourmet kitchen expertly balances modern amenities with historic elements including a vaulted ceiling with original antique wood beams, reclaimed wide plank pine flooring, Calcutta marble island, granite counter tops and stainless steel appliances. The top-of-the-line appliances include a 6-burner Wolf range, Sub Zero fridge, Bosch dishwasher and Sub Zero wine fridge. Beyond the kitchen is a powder room and a laundry/mudroom with custom built cabinetry. There is also a first floor master bedroom to the left of the entrance foyer with a custom tiled bath and glass shower. The beautifully landscaped yard is surrounded by a privacy fence and features a bluestone patio that extends from the covered dining area out to open air seating with fire pit. The garden provides a truly intimate and peaceful oasis in the heart of the historic district., Floor 2: The second floor offers three spacious and well designed bedrooms, all ensuite with custom tiled bathrooms. The elegant master suite has a private mahogany deck overlooking the back yard and gardens, a Sonos music system and a beautiful tiled bath with double vanity and oversized glass shower. The two other bedroom suites on this level feature ensuite baths with custom tile work and glass showers., Floor 3: The light filled open floor plan offers a delightful, private haven for children or guests and features a large room with designated living and sleeping areas. The tiled full bath on this level has a combination tub/shower. The vantage point from this level provides beautiful views of the yard and gardens.
  • Main Level Bedrooms: 1

Exterior Features

  • Lot Features: None known, Yes
  • Pool Private: No
  • View: None, Res
  • Exterior Features: Deck, Garden, Patio
  • Foundation Details: Brick
  • Other Structures: Shed

Garage/Parking

  • Parking Features: Yes

Utilities

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

Lot Info

  • Lot Size Sq Ft: 3049
  • Parcel #: 116
  • Zoning: ROH

Tax Info

  • Tax Annual Amount: 8107.68
  • Tax Lot: 1
  • Tax Map Number: 4233
  • Tax Other Annual Assessment Amount: 1264600
  • Tax Year: 2017

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
$5,412,623

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
Source: Public Records

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Home Values in the Area

Source: Public Records

Average Home Value in this Area





Source: Public Records

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

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 $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

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Map

Source: LINK

MLS Number: 82934

APN: NANT-004-233-000-000-0001-16-000-000