3 Traders Ln Nantucket, MA 02554
5
Beds
5.5
Baths
2,799
Sq Ft
2,613
Sq Ft Lot
Highlights
- Porch
- Patio
- Garden
About This Home
As of June 2021A Stunning Contemporary Renovation of one of Nantucket's beautiful Historic Homes and on one of the island's most sought after downtown locations. Located steps to the cobblestoned Main Street, Traders Lane is quiet, tucked away, picturesque and surrounded by historic Whaling Captain estates. The well-appointed five bedroom, five and a half bath home was transformed in 2014 by one of the island's leading developers using only the highest quality materials and craftsmanship. The open floor plan offers stylish and functional finished living spaces with plenty of room for family and friends to gather. The outdoor living areas provide privacy as French doors lead to a large covered blue stone patio and well-landscaped yard surrounded by mature plantings and trees, a firepit and gorgeous stonewall. History converges with today's modern amenities and chic design, offering all that a discriminating buyer could ask for. And, right in the heart of historic Nantucket. Features include; Gourmet Kitchen, Open Floor Plan, Original Antique Reclaimed Wide Plank Kings Pine flooring from the late 1700’s throughout, Original Beams, Central AC, Multiple Shiplapped areas, Indoor Gas Fireplace, Exquisite Custom Tile, Gorgeous Lighting Fixtures, Outdoor Lighting, Alarm System, Indoor/Outdoor Sonos, Beautiful Landscaping, Built Ins, Off Street Parking, New 2020 A/C Condensers and so much more. Available for summer of 2021!
Home Details
Home Type
- Single Family
Est. Annual Taxes
- $11,600
Year Built
- Built in 1790
Lot Details
- 2,613 Sq Ft Lot
- Garden
- Property is zoned ROH
Home Design
- 2,799 Sq Ft Home
Bedrooms and Bathrooms
- 5 Bedrooms | 1 Main Level Bedroom
Outdoor Features
- Patio
- Porch
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
58 in this area
58 Total Sales
Map
Source: LINK
MLS Number: 87843
APN: NANT-004-233-000-000-0001-16-000-000
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