$305,000
SOLD JUL 9, 2013

4 Cato Ln Nantucket, MA 02554

0.12 Acre
$2,541,667 Price per Acre
5,108 Sq Ft Lot

Recently Sold

7% Below List Price

97 Days on Market

About This Lot

As of September 2015

Abutting Mill Hill Park, this 5,100 s.f. lot is located on a country lane just South of Town. This land offers privacy, proximity to Town and abuts acres of Town of Nantucket property. R1 Zoning permits 1,532 square feet of ground cover. Town Sewer, Water and utilities are available in Vesper Lane. Installing a well is an alternative to Town water.

Last Agent to Sell the Property

Michael Angelastro

Jordan Real Estate Listed on: 03/21/2013

Last Buyer's Agent

DAVID CALLAHAN

William Raveis - Nantucket License #9005216

William Raveis - Nantucket

Property Details

Property Type

  • Land

Est. Annual Taxes

  • $816

Lot Details

  • 5,108 Sq Ft Lot
  • Dirt Road
  • Cleared Lot
  • Property is zoned R1 / SR1

Utilities

  • Cable TV Available

Listing and Financial Details

  • Assessor Parcel Number 55661

Community Details

Overview

  • No Home Owners Association

Recreation

  • Electricity Available at Street

Property Details

Property Type

Land

Est. Annual Taxes

$816

Lot Details

0

Listing Details

  • Property Sub Type: Single Family Residence
  • Prop. Type: Land
  • Lot Size Acres: 0.12
  • Road Surface Type: Dirt
  • Directions: From Vesper Lane find Cato Lane on your left. Turn RIGHT onto the dirt portion of Cato Lane. The lot is on your right, staked and brush cut.
  • Special Features: None

Interior Features

  • Fireplace: No

Exterior Features

  • Lot Features: Cleared
  • Waterfront: No

Utilities

  • Sewer: Public Sewer
  • Electric: At Street
  • Telephone: At Street
  • Gas Company: No Gas
  • Utilities: Cable Available
  • Electricity On Property: No
  • Water Source: Public on Street

Condo/Co-op/Association

  • Association: No

Lot Info

  • Zoning: R1 / SR1
  • Lot Size Sq Ft: 5108
  • Parcel #: 55661
  • ResoLotSizeUnits: Acres

Tax Info

  • Tax Year: 2012
  • Tax Annual Amount: 816
  • Tax Book Number: 826

Ownership History

Date Name Owned For Owner Type

Purchase Details

Closed on
Apr 30, 2018
Sold by
Eklund Andrew and Eklund Sarah E
Bought by
Eklund Andrew
Current Estimated Value
$3,092,229

Purchase Details

Listed on
Apr 17, 2015
Closed on
Sep 30, 2015
Sold by
4 Cato Llc
Bought by
Eklund Andrew and Eklund Sarah E
Seller's Agent
David Callahan
Jordan Real Estate
Buyer's Agent
Member Non
cci.unknownoffice
List Price
$1,295,000
Sold Price
$1,250,000
Premium/Discount to List
-$45,000
-3.47%

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Avg. Annual Appreciation
9.46%
Original Mortgage
$1,000,000
Interest Rate
3%
Mortgage Type
Adjustable Rate Mortgage/ARM

Purchase Details

Listed on
Mar 21, 2013
Closed on
Jul 9, 2013
Sold by
Oneill Lorie A
Bought by
4 Cato Llc
Seller's Agent
Michael Angelastro
Jordan Real Estate
Buyer's Agent
DAVID CALLAHAN
William Raveis - Nantucket
List Price
$329,000
Sold Price
$305,000
Premium/Discount to List
-$24,000
-7.29%

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Avg. Annual Appreciation
88.24%

Purchase Details

Closed on
Jun 3, 2003
Sold by
Medeiros William A
Bought by
Irving Lorie Ann
Source: Public Records

Range of Values:

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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 Type Sale Price Title Company
Quit Claim Deed -- --
Quit Claim Deed -- --
Quit Claim Deed -- --
Not Resolvable $1,250,000 --
Not Resolvable $305,000 --
Deed -- --
Source: Public Records

Mortgage History

Date Status Loan Amount Loan Type
Previous Owner $1,000,000 Adjustable Rate Mortgage/ARM
Source: Public Records

Property History

Date Event Price List to Sale Price per Sq Ft Prior Sale
09/30/2015 09/30/15 Sold $1,250,000 0.0% -- View Prior Sale
09/30/2015 09/30/15 Sold $1,250,000 -3.5% -- View Prior Sale
08/31/2015 08/31/15 Pending -- -- --
08/10/2015 08/10/15 Pending -- -- --
04/17/2015 04/17/15 For Sale $1,295,000 0.0% --
08/07/2014 08/07/14 For Sale $1,295,000 +324.6% --
07/09/2013 07/09/13 Sold $305,000 -7.3% --
06/27/2013 06/27/13 Pending -- -- --
03/21/2013 03/21/13 For Sale $329,000 -- --
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 $7,136 $2,175,600 $488,500 $1,687,100
2024 $6,554 $2,093,800 $447,800 $1,646,000
2023 $5,360 $1,669,800 $441,900 $1,227,900
2022 $4,875 $1,303,400 $368,200 $935,200
2021 $4,802 $1,322,800 $387,600 $935,200
2020 $4,732 $1,371,700 $387,600 $984,100
2019 $4,349 $1,294,200 $310,100 $984,100
2018 $3,732 $1,057,300 $277,800 $779,500
2017 $3,468 $1,023,000 $264,900 $758,100
2016 $2,477 $737,100 $245,500 $491,600
2015 $2,421 $670,600 $221,800 $448,800
2014 $729 $194,000 $194,000 $0
Source: Public Records

Agents Affiliated with this Home

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Map

Source: Cape Cod & Islands Association of REALTORS®

MLS Number: 21302372

Cape Cod & Islands Association of REALTORS®

APN: NANT-000-055-000-000-0006-61-000-000