NOT LISTED FOR SALE

308 Madaket Rd Nantucket, MA 02554

Estimated Value: $2,693,000 - $3,714,626

3 Beds
3 Baths
1,948 Sq Ft
$1,658/Sq Ft Est. Value

Last Sold November 17, 2023

Last sale price $4,150,000 $2,130 Per Sq Ft

Est. 24% decrease in value since last sale

Current estimated payment $17,779/month

66 Days on Market

Highlights

  • Ocean View
  • Deck
  • Porch
  • 0.62 Acre Lot
  • Furnished
  • Garage

About This Home

As of November 2023

AMAZING OCEAN VIEWS! Enjoy swimming at Madaket Beach, watching Smith's Point’s spectacular sunsets, and being a “local” at Millie's restaurant. This beach house abuts conservation land, protecting the unobstructed ocean vista. Harbor views from the deck. Madaket bike path and The Wave shuttle bus stop in front.
The home has been completely renovated from top to bottom, providing new systems throughout, custom finishes, high end appliances, main floor vaulted ceilings and a thoughtfully designed floorplan. Updated finishes create a modern and serene setting. Enjoy ocean views from the kitchen, living room, dining room, primary suite, and of course, from the spacious deck. This is island living at it’s best.
There is ample expansion opportunity and plenty of room to create an outdoor living oasis with a pool.
Dive into all Madaket offers - sunsets, fishing, swimming - start making Nantucket memories. Kick off your shoes and enjoy the laid back feeling of the West End.

Last Agent to Sell the Property

Shelly Lockwood

J Pepper Frazier Co. Listed on: 08/19/2023

Last Buyer's Agent

Lisa Sherburne

Atlantic East Nantucket Real Estate

Home Details

Home Type

  • Single Family

Est. Annual Taxes

  • $3,500

Year Built

  • Built in 1971

Lot Details

  • 0.62 Acre Lot
  • Property is zoned VR

Parking

  • Garage

Home Design

  • Block Foundation

Interior Spaces

  • 1,948 Sq Ft Home
  • Furnished
  • Ocean Views

Bedrooms and Bathrooms

  • 3 Bedrooms | 2 Main Level Bedrooms
  • 3 Full Bathrooms

Outdoor Features

  • Deck
  • Porch

Utilities

  • Septic Tank
  • Cable TV Available

Listing and Financial Details

  • Tax Lot 67
  • Assessor Parcel Number 67

Home Details

Home Type

Single Family

Est. Annual Taxes

$3,500

Year Built

Built in 1971

Lot Details

0

Listing Details

  • Property Sub Type: Single Family Residence
  • Prop. Type: Residential
  • Road Frontage Type: None
  • Lot Size Acres: 0.62
  • Garage Yn: Yes
  • Year Built: 1971
  • Special Features: None

Interior Features

  • Furnished: Furnished
  • Appliances: Stove: Ilve, Washer: Yes
  • Full Bathrooms: 3
  • Total Bedrooms: 3
  • Fireplace Features: 1
  • Fireplace: No
  • Flooring: 2
  • Interior Amenities: AC,Ins,Irr, Floor 1: Step onto the covered porch and enter into the spacious foyer with an amazing wine storage niche. This level has a casual living area with sliders to backyard deck, 2 bedrooms, a full bath, a laundry area, and access to the attached one car garage., Floor 2: Walk up the stairs and the magic happens as every window affords a stunning view. Multiple sliding glass doors bring the outdoors in. Open concept kitchen, ample dining area, and living room with a custom, ventless flame burning fireplace complete the main living area. Continue past the kitchen to a guest full bath, and the primary ensuite with dual walk in closets, where you can see the ocean from your bed!
  • Main Level Bedrooms: 2

Exterior Features

  • Lot Features: Yes
  • Pool Private: No
  • View: Ocean, D/Hrb
  • Exterior Features: Deck, Porch
  • Foundation Details: Block

Garage/Parking

  • Parking Features: Ample/Circular Drive

Utilities

  • Heating: GFHA
  • Sewer: Septic Tank
  • Utilities: Cbl
  • Water Source: Town

Lot Info

  • Lot Size Sq Ft: 27007
  • Parcel #: 67
  • Zoning: VR

Green Features

Multi Family

Tax Info

  • Tax Annual Amount: 3500
  • Tax Lot: 67
  • Tax Map Number: 6021
  • Tax Other Annual Assessment Amount: 715200
  • Tax Year: 2022

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
Apr 25, 2021
Closed on
Jun 6, 2022
Sold by
Palmer Mark L
Bought by
308 Madaket Road Llc
Seller's Agent
Mary Taaffe
Maury People Sotheby's International Realty
Buyer's Agent
Shelly Lockwood
J Pepper Frazier Co.
List Price
$2,600,000
Sold Price
$2,250,000
Premium/Discount to List
-$350,000
-13.46%
Current Estimated Value
$3,146,134

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$896,134
Avg. Annual Appreciation
12.05%
Original Mortgage
$1,800,000
Interest Rate
3.74%
Mortgage Type
Purchase Money Mortgage

Purchase Details

Closed on
Oct 27, 1994
Sold by
Horton Joyce A
Bought by
Palmer Mark L and Tegan Patrice

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$180,800
Interest Rate
8.65%
Mortgage Type
Purchase Money Mortgage
Source: Public Records

Range of Values:

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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
308 Madaket Road Llc $2,250,000 None Available
308 Madaket Road Llc $2,250,000 None Available
Palmer Mark L $255,000 --
Palmer Mark L $255,000 --
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Open Madaket Holdings Llc $3,730,585
Closed Madaket Holdings Llc $3,730,585
Closed 308 Madaket Road Llc $1,800,000
Previous Owner Palmer Mark L $300,700
Previous Owner Palmer Mark L $180,800
Source: Public Records

Property History

Date Event Price Change Sq Ft Price
11/17/2023 11/17/23 Sold $4,150,000 -2.4% $2,130 / Sq Ft
10/24/2023 10/24/23 Pending -- -- --
10/01/2023 10/01/23 Price Changed $4,250,000 -5.6% $2,182 / Sq Ft
08/18/2023 08/18/23 For Sale $4,500,000 +100.0% $2,310 / Sq Ft
06/07/2022 06/07/22 Sold $2,250,000 -13.5% $1,465 / Sq Ft
05/08/2022 05/08/22 Pending -- -- --
04/25/2021 04/25/21 For Sale $2,600,000 -- $1,693 / 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 $6,652 $2,028,200 $750,600 $1,277,600
2024 $5,623 $1,796,500 $750,600 $1,045,900
2023 $3,624 $1,129,100 $715,200 $413,900
2022 $33 $885,300 $577,700 $307,600
2021 $3,286 $905,200 $597,600 $307,600
2020 $3,180 $921,600 $597,600 $324,000
2019 $3,080 $916,800 $592,800 $324,000
2018 $3,057 $884,100 $592,800 $291,300
2017 $2,802 $826,500 $543,400 $283,100
2016 $2,517 $749,100 $474,200 $274,900
2015 $2,437 $675,000 $418,800 $256,200
2014 $2,459 $654,100 $397,900 $256,200
Source: Public Records

Agents Affiliated with this Home

  • S

    Seller's Agent in 2023

    Shelly Lockwood

    J Pepper Frazier Co.

    (860) 200-4139

    18 in this area

    18 Total Sales

    Section Image

  • L

    Buyer's Agent in 2023

    Lisa Sherburne

    Atlantic East Nantucket Real Estate

    (508) 560-0204

    17 in this area

    17 Total Sales

    Section Image

  • M

    Seller's Agent in 2022

    Mary Taaffe

    Maury People Sotheby's International Realty

    (508) 325-1526

    50 in this area

    50 Total Sales

    Section Image
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Map

Source: LINK

MLS Number: 90603

APN: NANT-006-021-000-000-0000-67-000-000

Massachusetts Nantucket County Nantucket 02554

308 Madaket Rd, Nantucket, MA

This home is located at 308 Madaket Rd, Nantucket, MA 02554 since 19 August 2023 and is currently estimated at $3,230,407, approximately $1,658 per square foot. This property was built in 1971. 308 Madaket Rd is a home located in Nantucket County with nearby schools including Nantucket Elementary School, Cyrus Peirce Middle School, and Nantucket High School.

Disclaimer: Certain information contained herein is derived from information provided by parties other than Homes.com. All information provided is deemed reliable, but is not guaranteed to be accurate and should be independently verified.

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