NOT LISTED FOR SALE

8 Gingy Ln Nantucket, MA 02554

Estimated Value: $4,321,000 - $6,602,854

5 Beds
5.5 Baths
5,067 Sq Ft
$1,116/Sq Ft Est. Value

Last Sold September 08, 2021

Last sale price $3,475,000 $686 Per Sq Ft

Est. 63% increase in value since last sale

Current estimated payment $30,958/month

112 Days on Market

Highlights

  • Pasture Views
  • Furnished
  • Garden
  • Deck
  • Porch

About This Home

As of September 2021

Gingy Lane is a beautifully appointed home that is ideally located in the Cliff area. The property is in close proximity to Steps Beach and historic downtown Nantucket. The custom built 5 bedroom, 5 1/2 bath home has a spacious open floor plan with over 5000 Sq. Ft. ft of finished living space. The home features oak floors throughout, chefs kitchen with high end appliances, tiled baths with stone surfaces, a professionally decorated interior, Sonos system, custom details and much more. Property is being sold furnished less personal items and art. *There is a lease in place until September 30th, 2021.

Last Agent to Sell the Property

Chris Kling

J Pepper Frazier Co. Listed on: 04/14/2021

Last Buyer's Agent

Daniel Barber

Maury People Sotheby's International Realty

Home Details

Home Type

  • Single Family

Est. Annual Taxes

  • $10,400

Year Built

  • Built in 2012

Lot Details

  • 6,098 Sq Ft Lot
  • Garden
  • Property is zoned R10

Interior Spaces

  • 5,067 Sq Ft Home
  • Furnished
  • Pasture Views

Bedrooms and Bathrooms

  • 5 Bedrooms

Outdoor Features

  • Deck
  • Porch

Utilities

  • Cable TV Available

Listing and Financial Details

  • Tax Lot 3
  • Assessor Parcel Number 842

Home Details

Home Type

Single Family

Est. Annual Taxes

$10,400

Year Built

Built in 2012

Lot Details

0

Listing Details

  • Property Sub Type: Single Family Residence
  • Prop. Type: Residential
  • Road Frontage Type: None
  • Lot Size Acres: 0.14
  • Year Built: 2012
  • Special Features: None

Interior Features

  • Furnished: Furnished
  • Possible Use: 2010-06
  • Appliances: Stove: Wolf 6 Burner Gas Range, Washer: Yes
  • Has Basement: The Bunk Room has two sets of bunks (one full bed bunk and 3 twins), and sail bag chairs to this area comfortable and fun for children. This room also includes an en suite bathroom with double sinks and a shower. Second Bedroom: King sized bed with en suite bathroom. Entertaining area has 75” TV, seating area, foosball table, and wet bar area with a wine fridge. This level also has a laundry room with large capacity washer and dryer.
  • Full Bathrooms: 5
  • Half Bathrooms: 1
  • Total Bedrooms: 5
  • Fireplace Features: Masonry Brick, Wood Burning
  • Fireplace: No
  • Flooring: Oak and Tile
  • Interior Amenities: A,AC,Disp,Ins,Irr,OSh, Floor 1: The first floor is an open floor plan concept featuring a Chef’s Kitchen equipped with high-end appliances including a six burner Wolf stove, built in microwave, and a Subzero refrigerator with ice maker. The white cabinetry compliments the granite counter tops and the large island with four barstools. The kitchen area sight lines look across to a large farm table seating 12. The kitchen and dining area flow directly to a living area with comfortable seating to relax with a 65” flat screen TV and outdoor seating and dining area that seats 10. The first floor also includes a powder room and a combination office with desk and second living area for the kids. Off the kitchen there is a side entrance, pantry and mudroom area with beach supplies and plenty of storage., Floor 2: First Master: (sleeps 2) King size bed, relaxing seating area with a love seat and two chairs, 55” TV, and an expansive walk in closet. The en suite master bath has an oversized shower and separate claw foot soaking tub, double sinks and a private water closet. The entire bathroom has Carrera white/grey marble surfaces. Master 2 (sleeps 3): King sized bed, and a twin daybed, 50” screen TV. The en suite bathroom includes a shower and tub with all grey limestone finishes. Second Floor Kids room (sleeps 4): Two Full Sized beds and an en suite bathroom and a shower and limestone surfaces. The second floor also has a laundry room with high capacity Washer and Dryer.

Exterior Features

  • Lot Features: None Known, Yes
  • Pool Private: No
  • View: None, Pasture
  • Exterior Features: Deck, Garden, Porch
  • Foundation Details: Poured Concrete

Garage/Parking

  • Parking Features: Driveway

Utilities

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

Lot Info

  • Lot Size Sq Ft: 6098
  • Parcel #: 842
  • Zoning: R10

Tax Info

  • Tax Annual Amount: 10400
  • Tax Lot: 3
  • Tax Map Number: 41
  • Tax Year: 2021

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
Apr 14, 2021
Closed on
Sep 8, 2021
Sold by
Riccardi Gingy Llc
Bought by
Imhoff Elisabeth R
Seller's Agent
Chris Kling
J Pepper Frazier Co.
Buyer's Agent
Daniel Barber
Maury People Sotheby's International Realty
List Price
$3,950,000
Sold Price
$3,475,000
Premium/Discount to List
-$475,000
-12.03%
Current Estimated Value
$5,655,464

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$2,180,464
Avg. Annual Appreciation
11.85%
Original Mortgage
$2,500,000
Outstanding Balance
$2,245,988
Interest Rate
2.13%
Mortgage Type
Purchase Money Mortgage
Estimated Equity
$3,409,476

Purchase Details

Closed on
Jun 22, 2021
Sold by
Michael Riccardi 2020 Irt and Jp Morgan T Co Do De Tr
Bought by
Riccardi Gingy Llc

Purchase Details

Closed on
Dec 18, 2020
Sold by
Riccardi Michael
Bought by
Riccardi Michael 2020 Irt and Jp Morgan T Co Tr

Purchase Details

Closed on
Nov 18, 2020
Sold by
8 Gingy Rt and Riccardi
Bought by
Riccardi Michael

Purchase Details

Listed on
Apr 15, 2014
Closed on
Aug 29, 2014
Sold by
Ambrecht Amy M and Ambrecht Reeves D
Bought by
8 Gingy Rt
Seller's Agent
Marybeth Gibson
Maury People Sotheby's International Realty
Buyer's Agent
Mai Norton
J Pepper Frazier Co.
List Price
$2,795,000
Sold Price
$2,740,000
Premium/Discount to List
-$55,000
-1.97%

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Avg. Annual Appreciation
6.57%

Purchase Details

Closed on
May 20, 2013
Sold by
Ambrecht Amy M
Bought by
Ambrecht Amy M and Ambrecht Reeves D

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$1,100,000
Interest Rate
3%
Mortgage Type
Adjustable Rate Mortgage/ARM
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
Imhoff Elisabeth R $3,475,000 None Available
Riccardi Gingy Llc -- None Available
Riccardi Gingy Llc -- None Available
Riccardi Gingy Llc -- None Available
Riccardi Michael 2020 Irt -- None Available
Riccardi Michael 2020 Irt -- None Available
Riccardi Michael 2020 Irt -- None Available
Riccardi Michael -- None Available
Riccardi Michael -- None Available
Riccardi Michael -- None Available
8 Gingy Rt $2,740,000 --
Ambrecht Amy M -- --
Ambrecht Amy M -- --
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Open Imhoff Elisabeth R $2,500,000
Closed Imhoff Elisabeth R $2,500,000
Previous Owner Ambrecht Amy M $1,100,000
Source: Public Records

Property History

Date Event Price List to Sale Price per Sq Ft Prior Sale
09/08/2021 09/08/21 Sold $3,475,000 -12.0% $686 / Sq Ft
08/09/2021 08/09/21 Pending -- -- --
04/14/2021 04/14/21 For Sale $3,950,000 +44.2% $780 / Sq Ft
08/29/2014 08/29/14 Sold $2,740,000 -2.0% $537 / Sq Ft View Prior Sale
07/30/2014 07/30/14 Pending -- -- --
04/15/2014 04/15/14 For Sale $2,795,000 -- $548 / 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 $16,632 $5,070,600 $1,538,100 $3,532,500
2024 $15,714 $5,020,600 $1,538,100 $3,482,500
2023 $13,050 $4,065,300 $1,464,900 $2,600,400
2022 $11,835 $3,164,400 $1,221,700 $1,942,700
2021 $11,137 $3,068,000 $1,125,300 $1,942,700
2020 $10,934 $3,169,200 $1,125,300 $2,043,900
2019 $10,788 $3,210,800 $1,122,600 $2,088,200
2018 $10,654 $3,004,300 $1,122,600 $1,881,700
2017 $10,009 $2,952,600 $1,122,600 $1,830,000
2016 $9,507 $2,829,600 $1,090,600 $1,739,000
2015 $7,127 $1,974,100 $719,600 $1,254,500
2014 $3,762 $1,000,400 $708,500 $291,900
Source: Public Records

Agents Affiliated with this Home

  • Chris Kling

    Seller's Agent in 2021

    Chris Kling

    J Pepper Frazier Co.

    (781) 254-2293

    44 in this area

    44 Total Sales

    Chris Kling
    Section Image

  • D

    Buyer's Agent in 2021

    Daniel Barber

    Maury People Sotheby's International Realty

    (508) 325-2072

    12 in this area

    12 Total Sales

    Daniel Barber
    Section Image

  • M

    Seller's Agent in 2014

    Marybeth Gibson

    Maury People Sotheby's International Realty

    (508) 325-2897

    47 in this area

    47 Total Sales

    Marybeth Gibson
    Section Image

  • M

    Buyer's Agent in 2014

    Mai Norton

    J Pepper Frazier Co.

See All Agents

Map

Source: LINK

MLS Number: 88191

APN: NANT-000-041-000-000-0008-42-000-000

Massachusetts Nantucket County Nantucket 02554

8 Gingy Ln, Nantucket, MA

Not Listed for Sale

Detached

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