NOT LISTED FOR SALE

37 MacYs Ln Nantucket, MA 02554

Estimated Value: $1,086,659 - $2,255,000

3 Beds
1 Bath
1,700 Sq Ft
$930/Sq Ft Est. Value

Last Sold June 26, 2020

Last sale price $600,000 $353 Per Sq Ft

Est. 163% increase in value since last sale

Current estimated payment $8,474/month

45 Days on Market

Highlights

  • Cape Cod Architecture
  • 2 Car Attached Garage
  • Garden
  • No HOA
  • Property is near shops
  • Forced Air Heating and Cooling System

About This Home

As of June 2020

Here is your chance to create your custom home on Nantucket Island. This 7,900+ sqf. oversized property currently has two free-standing buildings, professionally designed landscaping, and plenty of ground cover for expansion, custom driveway, or anything you would want for your island hideaway. The 1,700+ sqf. main dwelling was purchased as a two-story garage apartment with two bedrooms and one bath. The interior has been professionally gutted down to bare studs and is ready to be rebuilt with your own style and comforts. It has plumbing and electric, as well as a newly installed 500-gallon underground propane tank. The second structure is a free-standing portion of the Madaket ''Stilt House'' which was saved from demolition in 2017 and brought to Macys Lane. The 157 sqf. Stilt House can be used as a studio, home-occupation office or expanded onto for a second dwelling; it has sewer connection, and a 157 sqf. basement. The property is currently in the R5 zone. There are many directions this project could take at this stage in the renovation: summer home, rental income opportunity, one or two family dwelling, the potential is endless at 37 Macys Lane. Not a Covenant Property.

Last Agent to Sell the Property

Jason Saphire

www.HomeZu.com License #9086666 Listed on: 04/09/2020

Last Buyer's Agent

Brent Tartamella

Fisher Real Estate License #9586137

Home Details

Home Type

  • Single Family

Est. Annual Taxes

  • $2,142

Year Built

  • Built in 1999

Lot Details

  • 7,841 Sq Ft Lot
  • Property fronts an easement
  • Level Lot
  • Garden
  • Property is zoned R5

Parking

  • 2 Car Attached Garage
  • Open Parking

Home Design

  • Cape Cod Architecture
  • Block Foundation
  • Slab Foundation
  • Asphalt Roof
  • Shingle Siding

Interior Spaces

  • 1,700 Sq Ft Home
  • 2-Story Property

Bedrooms and Bathrooms

  • 3 Bedrooms
  • 1 Full Bathroom

Utilities

  • Forced Air Heating and Cooling System
  • Fuel Tank

Additional Features

  • Outbuilding
  • Property is near shops

Listing and Financial Details

  • Assessor Parcel Number 68332

Community Details

Overview

  • No Home Owners Association

Recreation

  • Bike Trail

Home Details

Home Type

Single Family

Est. Annual Taxes

$2,142

Year Built

Built in 1999

Lot Details

0

Parking

2

Listing Details

  • Property Sub Type: Single Family Residence
  • Prop. Type: Residential
  • Lot Size Acres: 0.18
  • Road Frontage Type: Easement
  • Road Surface Type: Paved
  • Directions: Off Old South Road
  • Architectural Style: Cape
  • Carport Y N: No
  • Garage Yn: Yes
  • New Construction: No
  • Property Attached Yn: No
  • ResoBuildingAreaSource: Estimated
  • Special Features: None
  • Stories: 2

Interior Features

  • Appliances: None
  • Total Bedrooms: 3
  • Interior Amenities: None
  • Other Equipment: Fuel Tank(s)
  • Full Bathrooms: 1
  • Fireplace: No
  • Flooring: Other

Exterior Features

  • Exterior Features: Garden, Yard
  • Lot Features: Bike Path, Shopping, Level
  • Pool Private: No
  • Waterfront: No
  • Home Warranty: No
  • Construction Type: Shingle Siding
  • Foundation Details: Block, Slab
  • Other Structures: Outbuilding
  • Property Condition: Actual
  • Roof: Asphalt

Garage/Parking

  • Attached Garage: Yes
  • Garage Spaces: 2
  • Open Parking: Yes
  • Parking Features: Unpaved

Utilities

  • Sewer: Public Sewer
  • Cooling: Central Air
  • Heating: Forced Air
  • Cooling Y N: Yes
  • Heating Yn: Yes
  • Water Source: Public

Condo/Co-op/Association

  • Association: No

Schools

  • Junior High Dist: Nantucket

Lot Info

  • Zoning: R5
  • Land Lease: No
  • Lot Size Sq Ft: 7841
  • Parcel #: 68332
  • ResoLotSizeUnits: Acres

Building Info

  • Year Built: 1999

Tax Info

  • Tax Year: 2020
  • Tax Annual Amount: 2142
  • Tax Book Number: C0025868

Ownership History

Date Name Owned For Owner Type

Purchase Details

Closed on
May 26, 2010
Sold by
Bank Of America Na
Bought by
Smith Norman C
Current Estimated Value
$1,580,165

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$247,500
Outstanding Balance
$167,172
Interest Rate
5.13%
Mortgage Type
Purchase Money Mortgage
Estimated Equity
$1,412,993

Purchase Details

Closed on
Jan 6, 2010
Sold by
Barbosa Marcelo and Bank Of America Na
Bought by
Bank Of America Na

Purchase Details

Closed on
Apr 12, 2006
Sold by
Crosby Charles M
Bought by
Barbosa Marcelo

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$588,750
Interest Rate
6.28%
Mortgage Type
Purchase Money Mortgage
Source: Public Records

Range of Values:

--
Value Increase
--
Percent Increase
--
Adjusted for Inflation
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Average Value
Not Available
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
Smith Norman C $330,000 --
Smith Norman C $330,000 --
Bank Of America Na $650,216 --
Bank Of America Na $650,216 --
Barbosa Marcelo $785,000 --
Barbosa Marcelo $785,000 --
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Open Smith Norman C $247,500
Closed Barbosa Marcelo $247,500
Previous Owner Barbosa Marcelo $588,750
Closed Barbosa Marcelo $0
Source: Public Records

Property History

Date Event Price List to Sale Price per Sq Ft Prior Sale
06/26/2020 06/26/20 Sold $600,000 -13.0% $353 / Sq Ft
05/26/2020 05/26/20 Pending -- -- --
04/10/2020 04/10/20 For Sale $690,000 +17.9% $406 / Sq Ft
11/18/2015 11/18/15 Sold $585,000 -14.0% $762 / Sq Ft View Prior Sale
10/19/2015 10/19/15 Pending -- -- --
10/09/2014 10/09/14 For Sale $680,000 -- $885 / Sq Ft
Source: Cape Cod & Islands Association of REALTORS®

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 $2,638 $804,400 $483,900 $320,500
2024 $2,633 $841,100 $447,900 $393,200
2023 $2,337 $728,000 $442,200 $285,800
2022 $22 $592,600 $369,100 $223,500
2021 $2,162 $595,700 $388,500 $207,200
2020 $2,090 $605,800 $388,200 $217,600
2019 $1,692 $503,500 $308,900 $194,600
2018 $979 $471,300 $276,700 $194,600
2017 $1,554 $458,400 $263,800 $194,600
2016 $1,173 $349,200 $244,500 $104,700
2015 $1,304 $361,100 $222,200 $138,900
2014 $1,253 $333,300 $194,400 $138,900
Source: Public Records

Agents Affiliated with this Home

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Map

Source: Cape Cod & Islands Association of REALTORS®

MLS Number: 22002155

Cape Cod & Islands Association of REALTORS®

APN: NANT-000-068-000-000-0003-32-000-000