NOT LISTED FOR SALE

6-8 Forest Ave Nantucket, MA 02554

Estimated Value: $1,590,077 - $1,751,000

10 Beds
10 Baths
4,863 Sq Ft
$348/Sq Ft Est. Value

Last Sold October 31, 2016

Last sale price $2,400,000 $494 Per Sq Ft

Est. 30% decrease in value since last sale

Current estimated payment $9,110/month

95 Days on Market

About This Home

As of October 2016

Built in 2005 this four home compound includes ten bedrooms and two dens and currently sleeps 20-24 as furnished rentals. There are 6 full baths, four half bathrooms. This unique property can accommodate family reunions or important gatherings on beautiful Nantucket Island. These homes feature central air conditioning, two gas fireplaces, new appliances, washers and dryers, a shared outside shower. Rental income for 2015 was $205k and is projected to be higher this year. Homes 1-2 offer a living room w/ gas fireplace, dining area, kitchen, den and half bathroom on the 1st floor. The 2nd floor has a master bedroom with private bath, 2nd bedroom, 3rd bedroom, full bathroom w/ double sinks. All basements include washers and dryers. Homes 3-4 have a living room, dining area, kitchen, and half bathroom on the main floor. The master bedroom, 2nd bedroom and full bathroom are on the 2nd floor. Within 1.6 miles to downtown and less than a mile to the ocean.

Last Agent to Sell the Property

James Klimas

Preferred Properties Realty, LLC License #455023381 Listed on: 06/17/2016

Last Buyer's Agent

James Klimas

Preferred Properties Realty, LLC License #455023381 Listed on: 06/17/2016

Property Details

Home Type

  • Multi-Family

Year Built

  • 2005

Lot Details

  • 10,019

Utilities

  • Private Sewer

Property Details

Home Type

Multi-Family

Year Built

2005

Lot Details

0

Listing Details

  • Lot Description: Level
  • Property Type: Multi-family
  • Other Agent: 2.00
  • Year Round: Yes
  • Special Features: None
  • Property Sub Type: MultiFamily
  • Stories: 8
  • Year Built: 2005

Interior Features

  • Fireplaces: 2
  • Has Basement: Yes
  • Fireplaces: 2
  • Number of Rooms: 19
  • Amenities: Public Transportation
  • Energy: Insulated Windows
  • Flooring: Wall to Wall Carpet, Hardwood
  • Basement: Unfinished Basement
  • Total Levels: 8

Exterior Features

  • Roof: Wood Shingles
  • Construction: Frame
  • Exterior: Shingles
  • Exterior Features: Porch, Storage Shed, Outdoor Shower
  • Foundation: Poured Concrete
  • Beach: Walk to

Garage/Parking

  • Parking: Off-Street
  • Parking Spaces: 8

Utilities

  • Hot Water: Natural Gas
  • Sewer: Private Sewerage
  • Water: City/Town Water

Condo/Co-op/Association

  • Total Units: 4

Lot Info

  • Zoning: R1

Multi Family

  • APOD Available: Yes
  • Total Bedrooms: 10
  • Total Fireplaces: 2
  • Total Floors: 2
  • Total Full Baths: 6
  • Total Half Baths: 4
  • Total Levels: 2
  • Total Rms: 20

Ownership History

Date Name Owned For Owner Type

Purchase Details

Closed on
Jul 31, 2023
Sold by
Lundin Ft and Lundin
Bought by
6 Forrest Ave Llc
Current Estimated Value
$1,690,359

Purchase Details

Closed on
Jul 17, 2009
Sold by
6 Forrest Avenue Rt and Lundin
Bought by
Lundin Ft and Lundin
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
6 Forrest Ave Llc -- None Available
6 Forrest Ave Llc -- None Available
Lundin Ft -- --
Lundin Ft -- --
Source: Public Records

Property History

Date Event Price List to Sale Price per Sq Ft
10/31/2016 10/31/16 Sold $2,400,000 0.0% $494 / Sq Ft
09/20/2016 09/20/16 Pending -- -- --
09/15/2016 09/15/16 Off Market $2,400,000 -- --
06/17/2016 06/17/16 For Sale $3,199,000 -- $658 / Sq Ft
Source: MLS Property Information Network (MLS PIN)

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 $3,249 $990,500 $492,900 $497,600
2024 $2,922 $933,400 $451,900 $481,500
2023 $1,480 $461,200 $461,200 $0
2022 $15 $388,200 $388,200 $0
2021 $1,483 $408,600 $408,600 $0
2020 $1,410 $408,600 $408,600 $0
2019 $1,065 $317,000 $317,000 $0
Source: Public Records

Agents Affiliated with this Home

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Map

Source: MLS Property Information Network (MLS PIN)

MLS Number: 72024845

MLS Property Information Network (MLS PIN)

APN: NANT-000-068-000-000-0000-12-000-000