NOT LISTED FOR SALE

8 5th Way Nantucket, MA 02554

Estimated Value: $1,942,502 - $2,216,000

4 Beds
3 Baths
3,817 Sq Ft
$536/Sq Ft Est. Value

Last Sold December 17, 2024

Last sale price $1,700,000 $445 Per Sq Ft

Est. 20% increase in value since last sale

Current estimated payment $11,046/month

345 Days on Market

About This Home

As of December 2024

This four bedroom plus "A Frame" house built in 1973 and nicely located on a dead-end street presents with endless options. This generously sized property is located in R -10 Zoning on an OVERSIZED lot with nearly 4,000 square feet of living area. Great opportunity to build either a SECOND DWELLING, DUPLEX or add to the existing structure. With its flexible floor plan, the A Frame construction allows ways to create even more living space. There is separate access to a freshly painted oversized basement with living space, kitchen area , three oversized rooms and a recently renovated full bathroom. Ready to go as an income producing apartment! Improvements include recent hot water heater, well pump, town septic pump, roof and shingling. The oversized rear deck has newer decking and has freshly painted trim creating a perfect place for end-of-day relaxation. This home would be excellent for employee housing or as a solid investment property.

Last Agent to Sell the Property

Paula Maloney

William Raveis Nantucket Listed on: 07/22/2023

Last Buyer's Agent

Anna Nagys

J Pepper Frazier Co.

Home Details

Home Type

  • Single Family

Est. Annual Taxes

  • $3,859

Year Built

  • Built in 1973

Lot Details

  • 0.39 Acre Lot
  • Property is zoned R10

Home Design

  • 3,817 Sq Ft Home
  • Block Foundation

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 1
  • Assessor Parcel Number 142

Home Details

Home Type

Single Family

Est. Annual Taxes

$3,859

Year Built

Built in 1973

Lot Details

0

Listing Details

  • Property Sub Type: Single Family Residence
  • Prop. Type: Residential
  • Road Frontage Type: None
  • Lot Size Acres: 0.39
  • Garage Yn: No
  • Year Built: 1973
  • Special Features: None

Interior Features

  • Furnished: Unfurnished
  • Possible Use: 2066-44
  • Has Basement: Full freshly painted large basement. Three large rooms, full bathroom and kitchenette. Separate form of access. New toilet and vanity in the bathroom. Terrific apartment at hand.
  • Full Bathrooms: 3
  • Total Bedrooms: 4
  • Fireplace: No
  • Flooring: carpet
  • Interior Amenities: Disp,Ins, Floor 1: Kitchen, large living room, bedroom , full bathroom , mudroom with washer and dryer. Two additional rooms - one would be great as an office and the other provides great storage. Lots of options!, Floor 2: Three large bedrooms and a full bathroom., Floor 3: oversized room with loft space... could be converted as a second apartment.
  • Main Level Bedrooms: 1

Exterior Features

  • Lot Features: Subject to provisions of easement to New England Telephone and Telegraph 1974Miele, Yes
  • Pool Private: No
  • View: None, Res
  • Exterior Features: Deck, Porch
  • Foundation Details: Block

Garage/Parking

  • Parking Features: Ample

Utilities

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

Lot Info

  • Lot Size Sq Ft: 16988
  • Parcel #: 142
  • Zoning: R10

Green Features

Multi Family

Tax Info

  • Tax Annual Amount: 3859
  • Tax Lot: 1
  • Tax Map Number: 67
  • Tax Year: 2023

Ownership History

Date Name Owned For Owner Type

Purchase Details

Closed on
Sep 23, 2025
Sold by
Korsakas Rokas
Bought by
Korsakas Rokas and Tarasova Alena
Current Estimated Value
$2,046,126

Purchase Details

Listed on
Jul 22, 2023
Closed on
Dec 17, 2024
Sold by
Grangrade Oscar B Est and Grandrade
Bought by
Korsakas Rokas
Seller's Agent
Paula Maloney
William Raveis Nantucket
Buyer's Agent
Anna Nagys
J Pepper Frazier Co.
List Price
$1,995,000
Sold Price
$1,700,000
Premium/Discount to List
-$295,000
-14.79%
Views
158

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Avg. Annual Appreciation
17.16%
Original Mortgage
$1,360,000
Interest Rate
6.75%
Mortgage Type
Adjustable Rate Mortgage/ARM

Purchase Details

Closed on
Dec 31, 2012
Sold by
Grangrade Carlos Jr Es and Grangrade G
Bought by
Grangrade 3Rd Carlos and Grangrade Richard C

Purchase Details

Closed on
May 23, 2006
Sold by
Grangrade Carlos and Grangrade Effie Mae
Bought by
Ouren Christine Wethe
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
Korsakas Rokas -- --
Korsakas Rokas $1,700,000 None Available
Korsakas Rokas $1,700,000 None Available
Korsakas Rokas $1,700,000 None Available
Korsakas Rokas $1,700,000 None Available
Grangrade 3Rd Carlos -- --
Ouren Christine Wethe $390,000 --
Ouren Christine Wethe $390,000 --
Ouren Christine Wethe $390,000 --
Grangrade 3Rd Carlos -- --
Ouren Christine Wethe $390,000 --
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Previous Owner Korsakas Rokas $1,360,000
Source: Public Records

Property History

Date Event Price List to Sale Price per Sq Ft
12/17/2024 12/17/24 Sold $1,700,000 -14.8% $445 / Sq Ft
06/26/2024 06/26/24 Pending -- -- --
04/29/2024 04/29/24 For Sale $1,995,000 +17.4% $523 / Sq Ft
04/24/2024 04/24/24 Off Market $1,700,000 -- --
10/26/2023 10/26/23 Price Changed $1,995,000 -13.1% $523 / Sq Ft
08/30/2023 08/30/23 Price Changed $2,295,000 -11.6% $601 / Sq Ft
07/16/2023 07/16/23 For Sale $2,595,000 -- $680 / 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 $5,057 $1,541,900 $705,000 $836,900
2024 $4,626 $1,478,000 $646,300 $831,700
2023 $3,859 $1,202,100 $638,400 $563,700
2022 $4,104 $1,097,200 $533,500 $563,700
2021 $3,925 $1,081,300 $561,600 $519,700
2020 $3,832 $1,110,600 $561,600 $549,000
2019 $3,341 $994,400 $445,400 $549,000
2018 $2,880 $816,000 $399,000 $417,000
2017 $2,505 $738,800 $380,500 $358,300
2016 $2,389 $710,900 $352,600 $358,300
2015 $2,259 $625,800 $268,200 $357,600
2014 $2,227 $592,200 $234,600 $357,600
Source: Public Records

Agents Affiliated with this Home

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Map

Source: LINK

MLS Number: 90497

APN: NANT-000-067-000-000-0002-65-000-000

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