NOT LISTED FOR SALE

5 Parson Ln Nantucket, MA 02554

Estimated Value: $6,307,000 - $8,214,323

4 Beds
3 Baths
2,688 Sq Ft
$2,685/Sq Ft Est. Value

Last Sold January 06, 2015

Last sale price $2,125,000 $791 Per Sq Ft

Est. 240% increase in value since last sale

Current estimated payment $39,747/month

299 Days on Market

Highlights

  • Ocean View
  • 3.32 Acre Lot
  • Tennis Courts
  • Spa
  • Deck
  • Porch

About This Home

As of January 2015

A long winding driveway leads up to a private home set on 3 acres of property. This is on one of the highest points of land in Tom Nevers and abuts conservation land with panoramic views of the ocean and Tom Nevers Pond. The grounds are manicured with a spectacular English garden and lawn areas. The house has first and second floor decks and porches that are perfect for outdoor dining, relaxing and entertaining. There is a hot tub that accommodates 6 people and is set off the Master Bedroom wing. The great room and kitchen lead out to a large second floor deck which is a perfect location for enjoying the views. The home offers two fireplaces, a high end kitchen, a wet bar, two master suites and much more. There is ample room for another dwelling, garage and pool on the property. The neighborhood association also offers community tennis courts that are located down the road.

Last Agent to Sell the Property

Dawn Hill Holdgate

Great Point Properties Listed on: 02/02/2014

Last Buyer's Agent

Laura Belair

Great Point Properties

Home Details

Home Type

  • Single Family

Est. Annual Taxes

  • $5,672

Year Built

  • Built in 1985

Lot Details

  • 3.32 Acre Lot
  • Garden
  • Property is zoned LUG3

Interior Spaces

  • 2,688 Sq Ft Home
  • Ocean Views

Bedrooms and Bathrooms

  • 4 Bedrooms | 3 Main Level Bedrooms
  • 3 Full Bathrooms

Outdoor Features

  • Spa
  • Deck
  • Porch

Utilities

  • Well
  • Septic Tank
  • Cable TV Available

Listing and Financial Details

  • Tax Lot 560
  • Assessor Parcel Number 111

Community Details

Overview

  • Association fees include road maintenance and tennis

Recreation

  • Tennis Courts

Home Details

Home Type

Single Family

Est. Annual Taxes

$5,672

Year Built

Built in 1985

Lot Details

0

Listing Details

  • Property Sub Type: Single Family Residence
  • Prop. Type: Residential
  • Road Frontage Type: None
  • Lot Size Acres: 3.32
  • Garage Yn: No
  • Year Built: 1985
  • Special Features: None

Interior Features

  • Furnished: Unfurnished
  • Possible Use: LC 5004-18
  • Appliances: Stove: Gas, Washer: Yes
  • Has Basement: Partial full and partial crawl, unfinished.
  • Full Bathrooms: 3
  • Total Bedrooms: 4
  • Fireplace Features: yes 2
  • Fireplace: No
  • Flooring: Wood (Pine) & Tile
  • Interior Amenities: AC,Ins,Irr,OSh, Floor 1: The entry way opens to a sunroom/garden room to the left, with the English garden beyond.  There are two first floor guest rooms and a multi-purpose den, with a full bath off the hall.  Then there is a master suite complete with its own fireplace and french doors to a porch.  The master includes a large bath with a soaking tub and steam shower with dual rain shower heads.  The porch off the master offers covered seating and access to a 6 person hot tub., Floor 2: The second floor has a recently renovated custom kitchen with high end appliances, a open dining area, a cozy sitting room and a large cathedral great room with a fireplace, wet bar and french doors to the second floor deck.  This level takes advantage of the panoramic ocean views., Floor 3: The third level offers another master bedroom or guest suite with a private bath and also capitalizes on the ocean views.
  • Main Level Bedrooms: 3

Exterior Features

  • Lot Features: yes
  • Pool Private: No
  • View: Ocean, D/Pnd
  • Exterior Features: Deck, Garden, Porch, C/Tennis, H/Tub
  • Foundation Details: concrete

Garage/Parking

  • Parking Features: yes

Utilities

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

Condo/Co-op/Association

  • Association Fee: 300

Fee Information

  • Association Fee Includes: road maintenance and tennis

Lot Info

  • Lot Size Sq Ft: 144619
  • Parcel #: 111
  • Zoning: LUG3

Green Features

Multi Family

Tax Info

  • Tax Annual Amount: 5672
  • Tax Lot: 560
  • Tax Map Number: 75
  • Tax Year: 2013

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
Feb 2, 2014
Closed on
Jan 6, 2015
Sold by
Gries Jamie B
Bought by
Ice Bear Llc
Seller's Agent
Dawn Hill Holdgate
Great Point Properties
Buyer's Agent
Laura Belair
Great Point Properties
List Price
$2,295,000
Sold Price
$2,125,000
Premium/Discount to List
-$170,000
-7.41%
Current Estimated Value
$7,218,331

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$5,093,331
Avg. Annual Appreciation
11.77%

Purchase Details

Closed on
Sep 12, 2001
Sold by
Cashen John J
Bought by
Gries Steven Michael

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$550,000
Interest Rate
6.99%
Mortgage Type
Purchase Money Mortgage

Purchase Details

Closed on
Aug 24, 1988
Sold by
Bellevue Susan
Bought by
Cashen John J

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$188,000
Interest Rate
10.36%
Mortgage Type
Purchase Money Mortgage

Purchase Details

Closed on
Jun 24, 1988
Sold by
Thome Robert E
Bought by
Belevue Susan
Source: Public Records

Range of Values:

--
Value Increase
--
Percent Increase
--
Adjusted for Inflation
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Average Value
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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
Ice Bear Llc $2,125,000 --
Gries Steven Michael $829,000 --
Cashen John J $235,000 --
Belevue Susan $155,100 --
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Previous Owner Gries Steven Michael $550,000
Previous Owner Belevue Susan $188,000
Source: Public Records

Property History

Date Event Price List to Sale Price per Sq Ft
01/06/2015 01/06/15 Sold $2,125,000 -7.4% $791 / Sq Ft
12/07/2014 12/07/14 Pending -- -- --
02/02/2014 02/02/14 For Sale $2,295,000 -- $854 / 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 $23,139 $7,054,700 $1,593,800 $5,460,900
2024 $20,856 $6,663,100 $1,593,800 $5,069,300
2023 $17,648 $5,497,700 $1,520,600 $3,977,100
2022 $17,532 $4,687,800 $1,338,500 $3,349,300
2021 $17,017 $4,687,800 $1,338,500 $3,349,300
2020 $15,687 $4,547,100 $1,083,600 $3,463,500
2019 $15,328 $4,561,800 $1,064,200 $3,497,600
2018 $11,356 $3,216,900 $1,064,200 $2,152,700
2017 $3,448 $1,017,200 $1,017,200 $0
2016 $5,665 $1,686,100 $860,800 $825,300
2015 $5,298 $1,467,500 $793,500 $674,000
2014 $5,518 $1,467,500 $793,500 $674,000
Source: Public Records

Agents Affiliated with this Home

  • D

    Seller's Agent in 2015

    Dawn Hill Holdgate

    Great Point Properties

    (508) 364-7342

    25 in this area

    25 Total Sales

    Dawn Hill Holdgate
    Section Image

  • L

    Buyer's Agent in 2015

    Laura Belair

    Great Point Properties

    (508) 221-4455

    30 in this area

    30 Total Sales

    Laura Belair
    Section Image
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Map

Source: LINK

MLS Number: 78689

APN: NANT-000-075-000-000-0001-11-000-000

Massachusetts Nantucket County Nantucket 02554

5 Parson Ln, Nantucket, MA

Not Listed for Sale

Detached

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