NOT LISTED FOR SALE

49 Union St Nantucket, MA 02554

Estimated Value: $2,069,000 - $2,488,294

1 Bed
1 Bath
1,870 Sq Ft
$1,264/Sq Ft Est. Value

Last Sold May 17, 2022

Last sale price $1,695,000 $906 Per Sq Ft

Est. 39% increase in value since last sale

Current estimated payment $12,814/month

214 Days on Market

About This Home

As of May 2022

Formerly the home of the Nantucket Lightship Basket Museum, this oversized lot of 7,400 square feet with plenty of off street parking, can be used either as a residential home or commercial for a non-profit use. Property is in need of a full renovation.

Last Agent to Sell the Property

Linda Bellevue

Atlantic East Nantucket Real Estate Listed on: 09/14/2021

Last Buyer's Agent

Hal Herrick

Lee Real Estate

Home Details

Home Type

  • Single Family

Est. Annual Taxes

  • $5,148

Year Built

  • Built in 1821

Lot Details

  • 7,405 Sq Ft Lot
  • Property is zoned ROH

Home Design

  • 1,870 Sq Ft Home

Bedrooms and Bathrooms

  • 1 Bedroom
  • 1 Full Bathroom

Outdoor Features

  • Porch

Listing and Financial Details

  • Tax Lot 1
  • Assessor Parcel Number 31

Home Details

Home Type

Single Family

Est. Annual Taxes

$5,148

Year Built

Built in 1821

Lot Details

0

Listing Details

  • Property Sub Type: Single Family Residence
  • Prop. Type: Residential
  • Road Frontage Type: None
  • Lot Size Acres: 0.17
  • Year Built: 1821
  • Special Features: None

Interior Features

  • Furnished: Unfurnished
  • Possible Use: Book 11 Page 42
  • Appliances: Stove: None, Washer: None
  • Has Basement: Approximately 5 foot crawl space
  • Full Bathrooms: 1
  • Total Bedrooms: 1
  • Fireplace Features: 0
  • Fireplace: No
  • Flooring: Painted wood
  • Interior Amenities: A,AC, Floor 1: Three rooms with built-in display cabinets and handicapped accessible powder room. Mini-split AC units., Floor 2: Three rooms, were used as office space, mini-split AC units., Floor 3: None

Exterior Features

  • Lot Features: See Book 1245 Page 111, town easement ., Yes
  • Pool Private: No
  • View: D/Hbr, Twn
  • Exterior Features: Porch
  • Foundation Details: Block and brick
  • Other Structures: None

Garage/Parking

  • Parking Features: Yes

Utilities

  • Heating: GFHA
  • Sewer: Twn
  • Utilities: None
  • Water Source: Town

Lot Info

  • Lot Size Sq Ft: 7405
  • Parcel #: 31
  • Zoning: ROH

Tax Info

  • Tax Annual Amount: 5148
  • Tax Lot: 1
  • Tax Map Number: 5514
  • Tax Year: 2021

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
Sep 14, 2021
Closed on
May 17, 2022
Sold by
Nantucket Lightship Baske
Bought by
Nantucket South Beach Llc
Seller's Agent
Linda Bellevue
Atlantic East Nantucket Real Estate
Buyer's Agent
Hal Herrick
Lee Real Estate
List Price
$1,795,000
Sold Price
$1,695,000
Premium/Discount to List
-$100,000
-5.57%
Current Estimated Value
$2,363,324

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$668,324
Avg. Annual Appreciation
9.56%
Original Mortgage
$1,271,250
Outstanding Balance
$1,197,353
Interest Rate
4.67%
Mortgage Type
Purchase Money Mortgage
Estimated Equity
$1,165,971

Purchase Details

Closed on
Jul 30, 1998
Sold by
Johnsen Rosalena Est and Vaughan
Bought by
Nantucket Lightship Mu

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$281,250
Interest Rate
6.92%
Mortgage Type
Commercial
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
Nantucket South Beach Llc $1,695,000 None Available
Nantucket South Beach Llc $1,695,000 None Available
Nantucket South Beach Llc $1,695,000 None Available
Nantucket Lightship Mu $375,000 --
Nantucket Lightship Mu $375,000 --
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Open Nantucket South Beach Llc $1,271,250
Closed Nantucket South Beach Llc $1,271,250
Previous Owner Nantucket Lightship Mu $281,250
Closed Nantucket Lightship Mu $50,000
Source: Public Records

Property History

Date Event Price List to Sale Price per Sq Ft
05/17/2022 05/17/22 Sold $1,695,000 -5.6% $906 / Sq Ft
04/17/2022 04/17/22 Pending -- -- --
09/14/2021 09/14/21 For Sale $1,795,000 -- $960 / 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 $5,624 $1,714,600 $1,052,400 $662,200
2024 $5,174 $1,653,100 $1,011,900 $641,200
2023 $4,141 $1,289,900 $886,700 $403,200
2022 $3,782 $1,011,200 $675,200 $336,000
2021 $0 $1,418,200 $643,000 $775,200
2020 $0 $1,342,100 $643,000 $699,100
2019 $0 $1,342,100 $643,000 $699,100
2018 $0 $1,222,600 $643,000 $579,600
2017 $0 $1,222,600 $643,000 $579,600
2016 -- $1,122,500 $555,000 $567,500
2015 -- $1,122,500 $555,000 $567,500
2014 -- $1,120,100 $555,000 $565,100
Source: Public Records

Agents Affiliated with this Home

  • L

    Seller's Agent in 2022

    Linda Bellevue

    Atlantic East Nantucket Real Estate

    (508) 325-2700

    20 in this area

    20 Total Sales

    Linda Bellevue
    Section Image

  • H

    Buyer's Agent in 2022

    Hal Herrick

    Lee Real Estate

    (508) 325-1575

    9 in this area

    9 Total Sales

    Hal Herrick
    Section Image
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Map

Source: LINK

MLS Number: 88816

APN: NANT-005-514-000-000-0000-31-000-000

Massachusetts Nantucket County Nantucket 02554

49 Union St, Nantucket, MA

Not Listed for Sale

Detached

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