5 New Mill St Nantucket, MA 02554
Estimated Value: $3,133,000 - $4,874,000
4
Beds
3
Baths
3,251
Sq Ft
$1,251/Sq Ft
Est. Value
About This Home
As of August 2013Built in 1780 by Tristram Folger, this historic beauty sits on a large lot on a quiet street in one of the nicest areas of town. This home has been lovingly owned by families Coffin, Starbuck, Rivers, Ceely and Morris. Arthur Rivers left this home to become the youngest Nantucketer to serve in the Civil war. Except for renovations to the large sunny kitchen, roof and chimneys this house has maintained it's historic origins beautifully with wide pine floors, wood paneled walls, fire places in seven rooms, character and charm. Along with eight main rooms, including four bedrooms plus three bathrooms, the large attic space includes two additional rooms. There is also a spacious shop and connected tool shed. Venture into town along tree lined Main street, this unique and welcoming home is a once in a lifetime opportunity.
Home Details
Home Type
- Single Family
Est. Annual Taxes
- $4,346
Year Built
- Built in 1780
Lot Details
- 8,049 Sq Ft Lot
- Property is zoned ROH
Home Design
- 3,251 Sq Ft Home
Bedrooms and Bathrooms
- 4 Bedrooms
- 3 Full Bathrooms
Outdoor Features
- Deck
- Porch
Utilities
- Cable TV Available
Listing and Financial Details
- Tax Lot 1
- Assessor Parcel Number 8
Ownership History
Date
Name
Owned For
Owner Type
Purchase Details
Listed on
Apr 24, 2012
Closed on
Aug 16, 2013
Sold by
Morris Elizabeth A and Hunter Margaret A
Bought by
Schaefer Louisa
Seller's Agent
Jim Cooper
Grey Lady Properties
Buyer's Agent
Greg McKechnie
Great Point Properties
List Price
$1,850,000
Sold Price
$1,500,000
Premium/Discount to List
-$350,000
-18.92%
Total Days on Market
449
Current Estimated Value
Home Financials for this Owner
Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$2,568,326
Avg. Annual Appreciation
9.35%
Original Mortgage
$600,000
Outstanding Balance
$429,119
Interest Rate
3%
Mortgage Type
Adjustable Rate Mortgage/ARM
Estimated Equity
$3,891,500
Purchase Details
Listed on
Apr 24, 2012
Closed on
Jun 21, 2013
Sold by
Signy A Morris T and Morris Elizabeth A
Bought by
Morris Elizabeth A and Agular Catherine M
Seller's Agent
Jim Cooper
Grey Lady Properties
Buyer's Agent
Greg McKechnie
Great Point Properties
List Price
$1,850,000
Sold Price
$1,500,000
Premium/Discount to List
-$350,000
-18.92%
Home Financials for this Owner
Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$600,000
Outstanding Balance
$429,119
Interest Rate
3%
Mortgage Type
Adjustable Rate Mortgage/ARM
Estimated Equity
$3,891,500
Purchase Details
Closed on
Jul 13, 2011
Sold by
Morris Signy A
Bought by
Signy A Morris T
Similar Homes in Nantucket, MA
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Home Values in the Area
Average Home Value in this Area
Purchase History
| Date | Buyer | Sale Price | Title Company |
|---|---|---|---|
| Schaefer Louisa | $1,500,000 | -- | |
| Morris Elizabeth A | -- | -- | |
| Morris Elizabeth A | -- | -- | |
| Morris Elizabeth A | -- | -- | |
| Signy A Morris T | -- | -- | |
| Signy A Morris T A | -- | -- |
Source: Public Records
Mortgage History
| Date | Status | Borrower | Loan Amount |
|---|---|---|---|
| Open | Signy A Morris T A | $600,000 | |
| Closed | Signy A Morris T A | $600,000 |
Source: Public Records
Property History
| Date | Event | Price | Change | Sq Ft Price |
|---|---|---|---|---|
| 08/16/2013 08/16/13 | Sold | $1,500,000 | -18.9% | $461 / Sq Ft |
| 07/17/2013 07/17/13 | Pending | -- | -- | -- |
| 04/24/2012 04/24/12 | For Sale | $1,850,000 | -- | $569 / Sq Ft |
Source: LINK
Tax History Compared to Growth
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 | $9,945 | $3,032,000 | $935,600 | $2,096,400 |
| 2024 | $9,656 | $3,084,900 | $1,016,900 | $2,068,000 |
| 2023 | $8,016 | $2,497,200 | $891,300 | $1,605,900 |
| 2022 | $7,205 | $1,926,500 | $582,300 | $1,344,200 |
| 2021 | $7,824 | $2,155,300 | $647,000 | $1,508,300 |
| 2020 | $8,322 | $2,412,300 | $647,000 | $1,765,300 |
| 2019 | $8,527 | $2,537,700 | $643,500 | $1,894,200 |
| 2018 | $7,248 | $2,053,300 | $733,600 | $1,319,700 |
| 2017 | $6,804 | $2,007,100 | $733,600 | $1,273,500 |
| 2016 | $6,612 | $1,968,000 | $707,900 | $1,260,100 |
| 2015 | $7,316 | $2,026,500 | $722,200 | $1,304,300 |
| 2014 | $6,814 | $1,812,200 | $711,100 | $1,101,100 |
Source: Public Records
Agents Affiliated with this Home
-
Jim Cooper
J
Seller's Agent in 2013
Jim Cooper
Grey Lady Properties
(508) 280-7584
6 Total Sales
-
Greg McKechnie
G
Buyer's Agent in 2013
Greg McKechnie
Great Point Properties
83 Total Sales
Map
Source: LINK
MLS Number: 76150
APN: NANT-005-544-000-000-0000-08-000-000
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