NOT LISTED FOR SALE

7 Farmer St Nantucket, MA 02554

Estimated Value: $4,381,000 - $5,293,000

4 Beds
4 Baths
2,932 Sq Ft
$1,636/Sq Ft Est. Value

Last Sold September 16, 2022

Last sale price $3,400,000 $1,160 Per Sq Ft

Est. 41% increase in value since last sale

Current estimated payment $26,089/month

94 Days on Market

Highlights

  • Furnished
  • Patio
  • Garden

About This Home

As of September 2022

7 Farmer is an antique treasure dating back to 1768. The original house was completely rebuilt and meticulously restored in 2013 with award winning attention. The project included a masterful addition that beautifully bridges the historic gambrel with new additions. Superbly executed, the house was reset upon a new foundation with a full basement. There is an attached single car garage, side-by-side off street parking on the cobblestone driveway and a geo-thermal HVAC system. Offered FULLY FURNISHED* with appointments that are a true compliment to this historic gem. The perimeter plantings are abundant and the patio is an oasis of quiet in the heart of Town.

Last Agent to Sell the Property

Carolyn Durand

Lee Real Estate Listed on: 05/15/2022

Last Buyer's Agent

Jenny Paradis & Roberta White

Maury People Sotheby's International Realty

Home Details

Home Type

  • Single Family

Est. Annual Taxes

  • $7,818

Year Built

  • Built in 1768

Lot Details

  • 3,920 Sq Ft Lot
  • Garden
  • Property is zoned ROH

Interior Spaces

  • 2,932 Sq Ft Home
  • Furnished

Bedrooms and Bathrooms

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

Additional Features

  • Patio
  • Cable TV Available

Listing and Financial Details

  • Tax Lot 1
  • Assessor Parcel Number 108

Home Details

Home Type

Single Family

Est. Annual Taxes

$7,818

Year Built

Built in 1768

Lot Details

0

Listing Details

  • Property Sub Type: Single Family Residence
  • Prop. Type: Residential
  • Road Frontage Type: None
  • Lot Size Acres: 0.0899
  • Year Built: 1768
  • Special Features: None

Interior Features

  • Furnished: Furnished
  • Possible Use: 25822-A
  • Appliances: Stove: 5 burner Wolf gas range & Wolf double wall ovens, Washer: Yes
  • Has Basement: The finished basement adds approximately 800 sqft of finished living area (GLA) with full size legal egress windows. The two areas are ideal for an additional family room and bunk room. There is an unfinished storage/work room and another large unfinished storage room.
  • Full Bathrooms: 4
  • Total Bedrooms: 4
  • Fireplace Features: gas fireplace in den
  • Fireplace: No
  • Flooring: Original antique pine and new pine
  • Interior Amenities: A,AC,Disp,Ins,Irr,OSh, Floor 1: The original front door opens to a foyer entry and the front parlor living room. Rich in history with hand-hewn beam ceiling and antique pine floors, the house continues to the den and dining before the new construction begins. The den is rich with original wood floors, wall paneling and a converted fireplace (now gas) within the original hearth and mantlepiece. An antique door off the den leads to a small hall and the front stairwell next to the entry. The dining is opposite the den set in a great space with original trim and wood floor. Coming into the kitchen the ceiling soars to the second floor cathedral with a great open space, oversized central island and french doors to the brick patio. There is a short hall to the master suite with walk-in closet and a door to the small pocket garden. The side door off the cobblestone drive is the primary entrance with foyer and interior door to the attached garage. A central hall leads to the kitchen and another goes toward the rear of the house where there is a full bath and proper laundry room. Stairs lead up the new addition to the 2nd floor suites. The back door exits to the outdoor shower and path to the patio., Floor 2: Within the original house there are two bedrooms that share a full bath. A walkway overlooks the kitchen and connects to the fourth bedroom and full bath in the addition.
  • Main Level Bedrooms: 1

Exterior Features

  • Lot Features: Small yard and beautiful pocket gardens
  • Pool Private: No
  • View: None, Twn
  • Exterior Features: Garden, Patio
  • Foundation Details: Poured
  • Other Structures: Attached 252 sqft garage. Geo-thermal heating & cooling system. FULLY FURNISHED with a few exclusions.

Garage/Parking

  • Parking Features: Cobblestone driveway/2 car

Utilities

  • Heating: GFHA
  • Sewer: Twn
  • Utilities: Cbl
  • Water Source: Town

Lot Info

  • Lot Size Sq Ft: 3920
  • Parcel #: 108
  • Zoning: ROH

Tax Info

  • Tax Annual Amount: 7818
  • Tax Lot: 1
  • Tax Map Number: 4232
  • Tax Year: 2022

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
May 15, 2022
Closed on
Sep 15, 2022
Sold by
Robin M Kreitler T M and Robin Kreitler
Bought by
Voulgaris Nicholas T and Voulgaris Kristine L
Seller's Agent
Carolyn Durand
Lee Real Estate
Buyer's Agent
Jenny Paradis & Roberta White
Maury People Sotheby's International Realty
List Price
$3,790,000
Sold Price
$3,400,000
Premium/Discount to List
-$390,000
-10.29%
Current Estimated Value
$4,795,428

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$1,395,428
Avg. Annual Appreciation
11.09%
Original Mortgage
$2,000,000
Outstanding Balance
$1,885,411
Interest Rate
3.75%
Mortgage Type
Purchase Money Mortgage
Estimated Equity
$2,910,017

Purchase Details

Closed on
Nov 14, 2019
Sold by
Richard R Kreitler T R and Richard Kreitler
Bought by
Robin M Kreitler T M and Robin Kreitler

Purchase Details

Listed on
May 31, 2016
Closed on
Aug 31, 2017
Sold by
Seven Farmer Llc
Bought by
Richard R Kreitler T R and Richard Kreitler
Seller's Agent
Carolyn Durand
Lee Real Estate
Buyer's Agent
Carolyn Durand
Lee Real Estate
List Price
$2,600,000
Sold Price
$2,300,000
Premium/Discount to List
-$300,000
-11.54%

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Avg. Annual Appreciation
9.23%

Purchase Details

Closed on
Jul 19, 2005
Sold by
Cole Peter D
Bought by
Houghton James R and Houghton Alix C

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$1,000,000
Interest Rate
5.67%
Mortgage Type
Purchase Money Mortgage
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
Voulgaris Nicholas T $3,400,000 None Available
Voulgaris Nicholas T $3,400,000 None Available
Robin M Kreitler T M -- None Available
Robin M Kreitler T M -- None Available
Richard R Kreitler T R $2,300,000 --
Richard R Kreitler T R $2,300,000 --
Houghton James R $1,375,000 --
Houghton James R $1,375,000 --
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Open Voulgaris Nicholas T $2,000,000
Closed Voulgaris Nicholas T $2,000,000
Previous Owner Houghton James R $1,000,000
Source: Public Records

Property History

Date Event Price List to Sale Price per Sq Ft Prior Sale
09/16/2022 09/16/22 Sold $3,400,000 -10.3% $1,160 / Sq Ft
08/17/2022 08/17/22 Pending -- -- --
05/15/2022 05/15/22 For Sale $3,790,000 +64.8% $1,293 / Sq Ft
08/31/2017 08/31/17 Sold $2,300,000 -11.5% $784 / Sq Ft View Prior Sale
08/01/2017 08/01/17 Pending -- -- --
05/31/2016 05/31/16 For Sale $2,600,000 +131.1% $887 / Sq Ft
03/15/2012 03/15/12 Sold $1,125,000 -5.9% $764 / Sq Ft View Prior Sale
02/24/2012 02/24/12 Pending -- -- --
11/30/2011 11/30/11 For Sale $1,195,000 -- $812 / 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 $11,572 $3,528,100 $1,372,700 $2,155,400
2024 $10,865 $3,471,100 $1,372,700 $2,098,400
2023 $8,381 $2,611,000 $1,307,200 $1,303,800
2022 $78 $2,090,400 $1,089,300 $1,001,100
2021 $7,667 $2,112,200 $1,003,300 $1,108,900
2020 $7,882 $2,284,700 $1,003,300 $1,281,400
2019 $7,677 $2,284,700 $1,003,300 $1,281,400
2018 $6,746 $2,103,500 $1,003,300 $1,100,200
2017 $5,806 $1,712,600 $1,003,300 $709,300
2016 $5,582 $1,661,400 $974,700 $686,700
2015 $6,642 $1,839,800 $1,002,700 $837,100
2014 $5,993 $1,593,800 $882,300 $711,500
Source: Public Records

Agents Affiliated with this Home

  • C

    Seller's Agent in 2022

    Carolyn Durand

    Lee Real Estate

    (508) 228-2315

    36 in this area

    36 Total Sales

    Carolyn Durand
    Section Image

  • J

    Buyer's Agent in 2022

    Jenny Paradis & Roberta White

    Maury People Sotheby's International Realty

    (508) 325-3131

    31 in this area

    31 Total Sales

    Jenny Paradis & Roberta White
    Section Image

  • M

    Seller's Agent in 2012

    Mary Taaffe

    Windwalker William Raveis Real Estate

  • M

    Buyer's Agent in 2012

    Member Non

    cci.unknownoffice

See All Agents

Map

Source: LINK

MLS Number: 89442

APN: NANT-004-232-000-000-0001-08-000-000

Massachusetts Nantucket County Nantucket 02554

7 Farmer St, Nantucket, MA

Not Listed for Sale

Detached

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