NOT LISTED FOR SALE

7 New Ln Nantucket, MA 02554

Estimated Value: $6,218,833 - $7,012,000

5 Beds
5.5 Baths
4,900 Sq Ft
$1,349/Sq Ft Est. Value

Last Sold October 30, 2015

Last sale price $3,200,000 $653 Per Sq Ft

Est. 107% increase in value since last sale

Current estimated payment $35,774/month

58 Days on Market

Highlights

  • Deck
  • Porch
  • Patio
  • Furnished

About This Home

As of October 2015

Beautiful 5 bedroom 5 plus bath home on an oversized Town lot with a swimming pool. Just off Main Street and a moment into Town this is a great opportunity. Custom details and fine finishes throughout this property, custom paneling, coffered ceilings, shiplap woodwork, marble counters, premium grade oak floors, gunite pool with pebble tech finish and automatic cover, and a cabana with half bath and outdoor shower are just some details executed in this custom finished home.

Last Agent to Sell the Property

Brian Sullivan

Fisher Real Estate Listed on: 08/03/2015

Last Buyer's Agent

Dalton Frazier

J Pepper Frazier Co.

Home Details

Home Type

  • Single Family

Year Built

  • Built in 2015

Lot Details

  • 8,712 Sq Ft Lot
  • Property is zoned R1

Interior Spaces

  • 4,900 Sq Ft Home
  • Furnished

Bedrooms and Bathrooms

  • 5 Bedrooms | 1 Main Level Bedroom

Outdoor Features

  • Deck
  • Patio
  • Porch

Utilities

  • Cable TV Available

Listing and Financial Details

  • Tax Lot 2
  • Assessor Parcel Number 285

Home Details

Home Type

Single Family

Year Built

Built in 2015

Lot Details

8,712 Sq Ft Lot

Listing Details

  • Property Sub Type: Single Family Residence
  • Prop. Type: Residential
  • Road Frontage Type: None
  • Lot Size Acres: 0.2
  • Year Built: 2015
  • Special Features: None

Interior Features

  • Furnished: Furnished
  • Possible Use: 47-Y
  • Appliances: Stove: Wolfe, Washer: Yes
  • Has Basement: Lower level with very high ceilings and lots of natural light, ship lap details, custom wood work features and premium grade oak floors continue through lower level. Custom wet bar with sink, and appliances. Exterior stair to access back yard and pool area. Large bedroom with beautiful bath and large closet.
  • Full Bathrooms: 5
  • Half Bathrooms: 1
  • Total Bedrooms: 5
  • Fireplace Features: Yes 1 Woodburning
  • Fireplace: No
  • Flooring: Premium Grade Oak
  • Interior Amenities: AC,Ins,Irr,OSh, Floor 1: White shell drive leads to a covered porch entry. Open the door and you have views across the open living dining and family room through French doors to the yard and pool. The formal living room has a beautiful wood burning fireplace, open staircase to the 2nd floor and lower level, ship lap walls, coffered ceilings and premium grade oak floors. The large dining area is open to a beautiful chef's kitchen, large eat at center island, separate wet bar, top end appliances; Wolfe, SubZero, and Bosch throughout the kitchen. Side entrance just off kitchen to laundry room with sink and folding station. From kitchen dining room, step down to bright family room with custom built-ins, French doors to bluestone patio and pool area. 1st floor master bedroom suite includes his and her closets, beautiful master bath with dual vanity, large walk in shower with dual shower heads, private water closet. Master bedroom has vaulted ceilings, French doors to yard and pool, and outdoor shower., Floor 2: Second floor landing is very bright and has high ceilings leads to the front bedroom with 3 bunks and a full bath with glass and marble tiles throughout. Large guest suite with vaulted ceilings door to 2nd floor deck overlooking the yard and pool. Large bath with dual vanity, walk in shower with rain head and traditional shower heads. Next guest suite has a full bath with shower, his and her closets and private door to shared 2nd floor deck.
  • Main Level Bedrooms: 1

Exterior Features

  • Lot Features: None known. New construction - taxes and assessments TBD., Yes with Pool
  • Pool Private: No
  • View: None, Res
  • Exterior Features: Deck, Patio, Porch, P/Pool
  • Foundation Details: Poured 10'
  • Other Structures: Pool Cabana, Wetbar, ice maker, beverage refrigerator, half bath, outdoor shower, vaulted ceilings.

Garage/Parking

  • Parking Features: Yes

Utilities

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

Lot Info

  • Lot Size Sq Ft: 8712
  • Number Of Lots: 1
  • Parcel #: 285
  • Zoning: R1

Tax Info

  • Tax Lot: 2
  • Tax Map Number: 41
  • Tax Year: 2015

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
Aug 3, 2015
Closed on
Oct 30, 2015
Sold by
Koyote Realty Llc
Bought by
Finley David E and Finley Laura M
Seller's Agent
Brian Sullivan
Fisher Real Estate
Buyer's Agent
Dalton Frazier
J Pepper Frazier Co.
List Price
$3,395,000
Sold Price
$3,200,000
Premium/Discount to List
-$195,000
-5.74%
Current Estimated Value
$6,610,958

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$3,410,958
Avg. Annual Appreciation
7.23%
Original Mortgage
$1,920,000
Outstanding Balance
$1,468,439
Interest Rate
3%
Mortgage Type
Purchase Money Mortgage
Estimated Equity
$5,142,519

Purchase Details

Listed on
Aug 17, 2011
Closed on
May 17, 2013
Sold by
Cummings Richard L and Cummings Joanne E
Bought by
Yates Gary C
Seller's Agent
Robert Young
William Raveis Nantucket
Buyer's Agent
Robert Young
William Raveis Nantucket
List Price
$895,000
Sold Price
$715,000
Premium/Discount to List
-$180,000
-20.11%

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Avg. Annual Appreciation
84.35%
Original Mortgage
$572,000
Interest Rate
3.57%
Mortgage Type
New Conventional
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
Finley David E $3,200,000 --
Yates Gary C $715,000 --
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Open Finley David E $1,920,000
Closed Finley David E $1,920,000
Previous Owner Yates Gary C $572,000
Source: Public Records

Property History

Date Event Price List to Sale Price per Sq Ft Prior Sale
10/30/2015 10/30/15 Sold $3,200,000 -5.7% $653 / Sq Ft
09/30/2015 09/30/15 Pending -- -- --
08/03/2015 08/03/15 For Sale $3,395,000 +288.0% $693 / Sq Ft
07/16/2014 07/16/14 Sold $875,000 +22.4% $805 / Sq Ft View Prior Sale
05/17/2013 05/17/13 Sold $715,000 -20.1% $658 / Sq Ft View Prior Sale
04/17/2013 04/17/13 Pending -- -- --
08/17/2011 08/17/11 For Sale $895,000 -- $823 / Sq Ft
Source: LINK

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 $16,507 $5,032,700 $939,000 $4,093,700
2024 $14,954 $4,777,600 $1,020,600 $3,757,000
2023 $12,379 $3,856,400 $894,700 $2,961,700
2022 $11,701 $3,128,600 $585,000 $2,543,600
2021 $11,593 $3,193,600 $650,000 $2,543,600
2020 $11,318 $3,280,600 $650,000 $2,630,600
2019 $11,019 $3,279,500 $645,000 $2,634,500
2018 $11,368 $3,220,300 $735,300 $2,485,000
2017 $10,917 $3,220,300 $735,300 $2,485,000
2016 $5,801 $1,726,400 $709,500 $1,016,900
2015 $3,385 $937,700 $724,100 $213,600
2014 $3,290 $875,000 $713,000 $162,000
Source: Public Records

Agents Affiliated with this Home

  • Brian Sullivan

    Seller's Agent in 2015

    Brian Sullivan

    Fisher Real Estate

    (508) 414-1878

    74 in this area

    74 Total Sales

    Brian Sullivan
    Section Image

  • D

    Buyer's Agent in 2015

    Dalton Frazier

    J Pepper Frazier Co.

    (508) 360-6517

    80 in this area

    82 Total Sales

    Dalton Frazier
    Section Image

  • N

    Seller's Agent in 2014

    Nantucket CompLINK

    LINK Listing Information Network

    400 in this area

    402 Total Sales

    Nantucket CompLINK
    Section Image

  • R

    Seller's Agent in 2013

    Robert Young

    William Raveis Nantucket

    (508) 325-1571

    60 in this area

    60 Total Sales

    Robert Young
    Section Image
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Map

Source: LINK

MLS Number: 80419

APN: NANT-000-041-000-000-0002-85-000-000

Massachusetts Nantucket County Nantucket 02554

7 New Ln, Nantucket, MA

Not Listed for Sale

Detached

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