NOT LISTED FOR SALE

7 2nd Way Nantucket, MA 02554

Estimated Value: $1,782,000 - $2,328,000

4 Beds
3 Baths
2,050 Sq Ft
$983/Sq Ft Est. Value

Last Sold December 08, 2023

Last sale price $1,600,000 $780 Per Sq Ft

Est. 26% increase in value since last sale

Current estimated payment $10,869/month

76 Days on Market

About This Home

As of December 2023

Rare development opportunity at the end of a quiet cul-de-sac. Approved for subdivision by Planning Board. Zoning allows for duplexes. Centrally located within walking distance of bike paths, Wave stops, and shopping. Currently, a spacious 4 bedroom, 3 full bath home is on the property with a shed and multiple off street parking spaces.

Last Agent to Sell the Property

Gary Winn

Maury People Sotheby's International Realty Listed on: 08/28/2023

Last Buyer's Agent

Mark Norris

Maury People Sotheby's International Realty

Home Details

Home Type

  • Single Family

Est. Annual Taxes

  • $1,800

Year Built

  • Built in 1970

Lot Details

  • 10,416 Sq Ft Lot
  • Property is zoned R1

Home Design

  • 2,050 Sq Ft Home

Bedrooms and Bathrooms

  • 4 Bedrooms | 1 Main Level Bedroom
  • 3 Full Bathrooms

Outdoor Features

  • Deck
  • Porch

Utilities

  • Well
  • Cable TV Available

Listing and Financial Details

  • Tax Lot 9
  • Assessor Parcel Number 192

Home Details

Home Type

Single Family

Est. Annual Taxes

$1,800

Year Built

Built in 1970

Lot Details

0

Listing Details

  • Property Sub Type: Single Family Residence
  • Prop. Type: Residential
  • Road Frontage Type: None
  • Lot Size Acres: 0.2391
  • Garage Yn: No
  • Year Built: 1970
  • Special Features: None

Interior Features

  • Furnished: Unfurnished
  • Possible Use: Plat Book 16, Page 88
  • Appliances: Stove: Gas, Washer: Yes
  • Has Basement: None
  • Full Bathrooms: 3
  • Total Bedrooms: 4
  • Fireplace Features: 0
  • Fireplace: No
  • Flooring: 2
  • Interior Amenities: Ins, Floor 1: Open kitchen, dining, living area. Second large living room/den. First floor bedroom. Full bath with laundry off kitchen pantry area., Floor 2: Master with full bath en-suite. Two additional bedrooms with another full bath., Floor 3: Attic
  • Main Level Bedrooms: 1

Exterior Features

  • Lot Features: Sewer easement, Large front, back, and side yards
  • Pool Private: No
  • View: None, Res
  • Exterior Features: Porch, Deck
  • Foundation Details: Crawl
  • Other Structures: Shed

Garage/Parking

  • Parking Features: Multiple Car Parking

Utilities

  • Heating: Electric
  • Sewer: Twn
  • Utilities: Cbl
  • Water Source: Well

Lot Info

  • Lot Size Sq Ft: 10416
  • Parcel #: 192
  • Zoning: R1

Green Features

Multi Family

Tax Info

  • Tax Annual Amount: 1800
  • Tax Lot: 9
  • Tax Map Number: 56
  • Tax Year: 2023

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
Aug 28, 2023
Closed on
Dec 8, 2023
Sold by
Eldridge Marcia T Est and Eldridge
Bought by
Baker Michael and Ambrose Carly
Seller's Agent
Gary Winn
Maury People Sotheby's International Realty
Buyer's Agent
Mark Norris
Maury People Sotheby's International Realty
List Price
$2,385,000
Sold Price
$1,600,000
Premium/Discount to List
-$785,000
-32.91%
Views
42
Current Estimated Value
$2,014,883

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$414,883
Avg. Annual Appreciation
11.90%
Original Mortgage
$1,120,000
Outstanding Balance
$1,101,387
Interest Rate
8%
Mortgage Type
Purchase Money Mortgage
Estimated Equity
$913,496

Purchase Details

Closed on
Oct 5, 1988
Sold by
Burns William H
Bought by
Elderidge Marcia T

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$50,000
Interest Rate
10.64%
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
Baker Michael $1,600,000 None Available
Baker Michael $1,600,000 None Available
Baker Michael $1,600,000 None Available
Elderidge Marcia T $220,000 --
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Open Baker Michael $1,120,000
Closed Baker Michael $1,120,000
Previous Owner Elderidge Marcia T $20,000
Previous Owner Elderidge Marcia T $110,000
Previous Owner Elderidge Marcia T $50,000
Source: Public Records

Property History

Date Event Price List to Sale Price per Sq Ft
12/08/2023 12/08/23 Sold $1,600,000 -19.8% $780 / Sq Ft
09/05/2023 09/05/23 Price Changed $1,995,000 -16.4% $973 / Sq Ft
07/31/2023 07/31/23 For Sale $2,385,000 -- $1,163 / 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 $3,748 $1,142,800 $484,200 $658,600
2024 $3,425 $1,094,400 $450,800 $643,600
2023 $2,950 $919,000 $445,200 $473,800
2022 $2,709 $724,400 $372,200 $352,200
2021 $2,701 $744,000 $391,800 $352,200
2020 $2,631 $762,700 $391,800 $370,900
2019 $2,289 $681,200 $310,300 $370,900
2018 $2,574 $729,200 $395,800 $333,400
2017 $2,378 $701,500 $377,400 $324,100
2016 $2,233 $664,500 $349,800 $314,700
2015 $1,992 $551,900 $265,200 $286,700
2014 $1,950 $518,700 $232,000 $286,700
Source: Public Records

Agents Affiliated with this Home

  • Gary Winn

    Seller's Agent in 2023

    Gary Winn

    Maury People Sotheby's International Realty

    (508) 330-3069

    29 in this area

    29 Total Sales

    Gary Winn
    Section Image

  • M

    Buyer's Agent in 2023

    Mark Norris

    Maury People Sotheby's International Realty

    (508) 566-2013

    11 in this area

    11 Total Sales

    Mark Norris
    Section Image
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Map

Source: LINK

MLS Number: 90550

APN: NANT-000-055-000-000-0000-97-000-000

Massachusetts Nantucket County Nantucket 02554

7 2nd Way, Nantucket, MA

Not Listed for Sale

Detached

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