NOT LISTED FOR SALE

5 Heather Ln Nantucket, MA 02554

Estimated Value: $4,010,000 - $27,322,992

6 Beds
9 Baths
7,329 Sq Ft
$2,138/Sq Ft Est. Value

Sale Details

Date Sold: October 15, 2021

Last sale price $22,250,000 $3,036 Per Sq Ft

Est. 30% decrease in value since last sale

Current estimated payment $89,485 / mo

763 Days on Market

Highlights

  • 0.69 Acre Lot
  • Porch
  • Garden
  • Deck

About This Home

As of October 2021

This stunning home is one of the few remaining grand old summer "cottages" on the Cliff. The house was fully renovated from the ground up in 2008 preserving the historic charm while offering all the luxuries expected in modern home. Four levels of finished living space include multiple areas for social or private spaces both inside and out. The proud location on Heather Lane has a private beach path and staircase.

Last Agent to Sell the Property

Liza Ottani

Lee Real Estate Listed on: 08/13/2019

Last Buyer's Agent

Marybeth Gibson

Maury People Sotheby's International Realty

Maury People Sotheby's International Realty

Home Details

Home Type

  • Single Family

Est. Annual Taxes

  • $54,000

Year Built

  • Built in 1940

Lot Details

  • 30,131 Sq Ft Lot
  • Garden
  • Property is zoned R20

Home Design

  • 7,329 Sq Ft Home

Bedrooms and Bathrooms

  • 6 Bedrooms | 1 Main Level Bedroom

Outdoor Features

  • Deck
  • Porch

Utilities

  • Septic Tank
  • Cable TV Available

Listing and Financial Details

  • Tax Lot 4
  • Assessor Parcel Number 241

Home Details

Home Type

Single Family

Est. Annual Taxes

$54,000

Year Built

Built in 1940

Lot Details

0.69 Acres

Listing Details

  • Property Sub Type: Single Family Residence
  • Prop. Type: Residential
  • Road Frontage Type: Snd
  • Lot Size Acres: 0.6917
  • Year Built: 1940
  • Special Features: None

Interior Features

  • Furnished: Unfurnished
  • Possible Use: 16309C
  • Appliances: Stove: Wolf, Washer: Yes
  • Has Basement: The finished lower level includes a 2 Car garage, laundry room, 1 bedroom ensuite bath with double sinks, Gym with full bath, media room, great room, and custom fitted wine cellar.
  • Full Bathrooms: 7
  • Half Bathrooms: 2
  • Total Bedrooms: 6
  • Fireplace Features: yes
  • Fireplace: No
  • Flooring: wood/tile/stone
  • Interior Amenities: A,AC,Ins,Irr, Floor 1: The spacious covered front porch welcomes guests to this grand home with formal entry. This level includes the great room with 2 sitting areas and 2 fireplace, sunporch with custom bar, formal dining room with fireplace. The large open eat in kitchen has an island, breakfast table, doors to large back deck, and adjacent family room. Off the kitchen is a back entry with pantry and laundry room. A guest bedroom suite completes this level., Floor 2: A grand curved staircase leads to the second floor with 4 bedrooms suites including a spacious master with gas fireplace, 2 decks, and walk-in closet. Each of the guest rooms has a private deck., Floor 3: The third floor was designed for kids with a sitting room, bedroom with built in twins and full bath.
  • Main Level Bedrooms: 1

Exterior Features

  • Lot Features: See deed, Yes
  • Pool Private: No
  • View: Snd
  • Exterior Features: Deck, Garden, Porch
  • Foundation Details: poured-concrete

Garage/Parking

  • Parking Features: yes

Utilities

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

Lot Info

  • Lot Size Sq Ft: 30131
  • Parcel #: 241
  • Zoning: R20

Tax Info

  • Tax Annual Amount: 54000
  • Tax Lot: 4
  • Tax Map Number: 30
  • Tax Year: 2021

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
Aug 13, 2019
Closed on
Oct 4, 2021
Sold by
Bjs Constellation Llc
Bought by
5 Hl Llc
Seller's Agent
Liza Ottani
Lee Real Estate
Buyer's Agent
Marybeth Gibson
Maury People Sotheby's International Realty
List Price
$22,250,000
Sold Price
$22,250,000
Current Estimated Value
$15,666,496

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
-$6,583,504
Avg. Annual Appreciation
-7.42%

Purchase Details

Closed on
Oct 15, 2008
Sold by
Sabelhaus Melanie and Sabelhaus Robert G
Bought by
Bjs Constellation Llc

Purchase Details

Closed on
May 5, 2006
Sold by
Heather Hill Bus and Heather Gifford
Bought by
Sabelhaus Robert and Sabelhaus Melanie R

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$9,999,999
Interest Rate
6.34%
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
5 Hl Llc $22,250,000 None Available
Bjs Constellation Llc $12,400,000 --
Bjs Constellation Llc $12,400,000 --
Sabelhaus Robert $15,850,000 --
Sabelhaus Robert $15,850,000 --
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Previous Owner Sabelhaus Robert $9,999,999
Source: Public Records

Property History

Date Event Price List to Sale Price per Sq Ft
10/15/2021 10/15/21 Sold $22,250,000 0.0% $3,036 / Sq Ft
09/15/2021 09/15/21 Pending -- -- --
08/13/2019 08/13/19 For Sale $22,250,000 -- $3,036 / Sq Ft
Source: LINK

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 $77,097 $23,505,080 $10,745,280 $12,759,800
2024 $70,586 $22,551,380 $10,745,280 $11,806,100
2023 $58,473 $18,215,800 $9,760,000 $8,455,800
2022 $587 $15,692,100 $7,884,800 $7,807,300
2021 $54,360 $14,975,300 $7,168,000 $7,807,300
2020 $52,599 $15,246,100 $7,168,000 $8,078,100
2019 $49,043 $14,596,000 $6,513,000 $8,083,000
2018 $50,391 $14,275,000 $6,733,400 $7,541,600
2017 $48,392 $14,275,000 $6,733,400 $7,541,600
2016 $50,509 $15,032,300 $8,572,800 $6,459,500
2015 $45,247 $12,533,700 $5,688,000 $6,845,700
2014 $42,817 $11,387,600 $5,688,000 $5,699,600
Source: Public Records

Agents Affiliated with this Home

  • L

    Seller's Agent in 2021

    Liza Ottani

    Lee Real Estate

    (508) 566-3894

    30 in this area

    30 Total Sales

    Liza Ottani
    Section Image

  • M

    Buyer's Agent in 2021

    Marybeth Gibson

    Maury People Sotheby's International Realty

    (508) 325-2897

    44 in this area

    44 Total Sales

    Marybeth Gibson
    Section Image
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Map

Source: LINK

MLS Number: 86206

APN: NANT-000-030-000-000-0000-24-000-001

Massachusetts Nantucket County Nantucket 02554

5 Heather Ln, Nantucket, MA

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