$640,000
SOLD OCT 4, 2024

56 Arkansas Ave Nantucket, MA 02554

3 Beds
2 Baths
1,280 Sq Ft
5,227 Sq Ft Lot

Recently Sold

$500 Per Sq Ft

8% Below List Price

55 Days on Market

About This Home

As of October 2024

Bring your imagination and ideas to make this Madaket property your own. First and second floor outdoor decks to enjoy the back yard area, pond view and Madaket sunsets. Property is being sold "as is". *Property can not be shown until week of October 11, 2022.

Last Agent to Sell the Property

John Arena

William Raveis Nantucket Listed on: 10/07/2022

William Raveis Nantucket

Last Buyer's Agent

John Arena

William Raveis Nantucket Listed on: 10/07/2022

William Raveis Nantucket

Home Details

Home Type

  • Single Family

Est. Annual Taxes

  • $1,938

Year Built

  • Built in 1974

Lot Details

  • 5,227 Sq Ft Lot
  • Property is zoned VR

Interior Spaces

  • 1,280 Sq Ft Home
  • Pond Views

Bedrooms and Bathrooms

  • 3 Bedrooms | 2 Main Level Bedrooms
  • 2 Full Bathrooms

Outdoor Features

  • Deck

Utilities

  • Well
  • Septic Tank
  • Cable TV Available

Listing and Financial Details

  • Tax Lot 464
  • Assessor Parcel Number 156

Home Details

Home Type

Single Family

Est. Annual Taxes

$1,938

Year Built

Built in 1974

Lot Details

0

Listing Details

  • Property Sub Type: Single Family Residence
  • Prop. Type: Residential
  • Road Frontage Type: None
  • Lot Size Acres: 0.12
  • Garage Yn: No
  • Year Built: 1974
  • Special Features: None

Interior Features

  • Furnished: Unfurnished
  • Possible Use: 3092-40
  • Full Bathrooms: 2
  • Total Bedrooms: 3
  • Interior Amenities: Floor 1: Two bedrooms, one with access to covered deck. Full bath. Laundry closet., Floor 2: Open floor plan living, dining, kitchen area., Floor 3: Primary bedroom and full bath.
  • Main Level Bedrooms: 2

Exterior Features

  • Lot Features: see deed, Yes
  • Pool Private: No
  • View: Pond, Res
  • Exterior Features: Deck

Garage/Parking

  • Parking Features: Yes

Utilities

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

Lot Info

  • Lot Size Sq Ft: 5227
  • Parcel #: 156
  • Zoning: VR

Green Features

Multi Family

Tax Info

  • Tax Annual Amount: 1938
  • Tax Lot: 464
  • Tax Map Number: 594
  • Tax Other Annual Assessment Amount: 289600
  • Tax Year: 2022

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
Oct 7, 2022
Closed on
Oct 3, 2024
Sold by
Gordn Abraham I Est and Gordon
Bought by
Ackansas Llc
Seller's Agent
John Arena
William Raveis Nantucket
Buyer's Agent
John Arena
William Raveis Nantucket
List Price
$699,000
Sold Price
$640,000
Premium/Discount to List
-$59,000
-8.44%
Views
34
Current Estimated Value
$990,343

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$350,343
Avg. Annual Appreciation
90.74%
Original Mortgage
$970,000
Outstanding Balance
$964,543
Interest Rate
6.38%
Mortgage Type
Purchase Money Mortgage
Estimated Equity
$157,880

Purchase Details

Closed on
Dec 29, 1986
Bought by
Gordon Abraham I and Gordon Marilyn S
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
Fiduciary Deed $640,000 None Available
Fiduciary Deed $640,000 None Available
Deed -- --
Source: Public Records

Mortgage History

Date Status Loan Amount Loan Type
Open $970,000 Purchase Money Mortgage
Closed $970,000 Purchase Money Mortgage
Source: Public Records

Property History

Date Event Price Change Sq Ft Price
10/04/2024 10/04/24 Sold $640,000 -8.4% $500 / Sq Ft
11/29/2022 11/29/22 Pending -- -- --
10/04/2022 10/04/22 For Sale $699,000 -- $546 / 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 $2,084 $635,500 $365,000 $270,500
2024 $2,045 $653,300 $365,000 $288,300
2023 $1,993 $620,900 $347,500 $273,400
2022 $1,938 $518,300 $289,600 $228,700
2021 $1,963 $540,700 $289,600 $251,100
2020 $1,778 $515,400 $257,400 $258,000
2019 $1,499 $446,100 $225,300 $220,800
2018 $1,575 $446,100 $225,300 $220,800
2017 $1,287 $379,600 $225,300 $154,300
2016 $1,167 $347,400 $193,100 $154,300
2015 $1,357 $375,900 $193,700 $182,200
2014 $1,170 $311,300 $138,400 $172,900
Source: Public Records

Agents Affiliated with this Home

  • John Arena

    Seller's Agent in 2024

    John Arena

    William Raveis Nantucket

    (617) 771-3511

    43 in this area

    43 Total Sales

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Map

Source: LINK

MLS Number: 89878

APN: NANT-000-594-000-000-0001-56-000-000

Massachusetts Nantucket County Nantucket 02554

56 Arkansas Ave, Nantucket, MA

This home is located at 56 Arkansas Ave, Nantucket, MA 02554 and is currently priced at $640,000, approximately $500 per square foot. This property was built in 1974. 56 Arkansas Ave is a home located in Nantucket County with nearby schools including Nantucket Elementary School, Cyrus Peirce Middle School, and Nantucket High School.

Disclaimer: Certain information contained herein is derived from information provided by parties other than Homes.com. All information provided is deemed reliable, but is not guaranteed to be accurate and should be independently verified.

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