40 Jefferson Avenue, Nantucket, MA 02554

40 Jefferson Avenue Nantucket MA 02554
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Owner Information
Owner 1
Fortunate Sons Development LLC
Owner 2
Owner's Address
C/O Highgarden Holdings LLC, 121 Kercheval Avenue Grosse Pointe Farm, MI 48236
Market Sale Information
Most recent sale date
9/8/2016
Previous sale date
10/01/2003
Transfer document #
C0026178-
Previous transfer document
C0014440-0
Grantor
Edwyna Mulrow
Previous grantor
Fortunate Sons Development LLC
Most recent sale price
$5,610,502.00
Previous sale price
$0.00
Site Information
Property ID
30-119
Lot Size
0.22
Use Code
101 - Residential, single family
Zoning
R1
Building Style
Colonial
Number of Rooms
Stories
1.75
Number of Beds
3
Year Built
2020
Number of full baths
3
Condition
Number of half baths
3
Finished Area
2565
Number of Kitchen
Gross Living Area
3858
Number of Fireplaces
Bsmnt floot
Number of parking
Interior walls
Drywall/Sheet
Floor type
Hardwood
Solar Hot Water
No
Roof Structure
Gable/Hip
Heating type
Gas
Roof Cover
Wood Shingle
Heating fuel
Forced Air-Duc
Frame type
Air Condition (%)
Sidings
Wood Shingle
Assessment Information
Fiscal Year
2024
Land Value
$3,523,453.00
Total value
$6,201,553.00
Building value
$2,678,100.00
Estimated tax
$19,410.00
Yard improvement value
$0.00
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Certified Mass Appraisal
Comparable Properties
Mailing Labels $Valuation Report
  • Total Appraisal
  • Building Appraisal
  • Land Appraisal
  • Last Sale Price
  • Net Living Area
  • Number of Bedrooms
  • Lot Size
  • Year Built
Address 40 Jefferson Avenue Photo Plan Map Proximity Last Sold Price Net Living Area Stories Sale Price/sft $2,187.33 Style Colonial Age 2020 Rooms Bedrooms 3 Full baths 3 Half baths 3 Gross Living Area 3858 Heating Fuel Forced Air-Duc Detached Garage Lot Size 0.22 Roof Cover Wood Shingle AEM Value - Building $2,678,100.00 AEM Value - Land $3,523,453.00 AEM Value - Other $0.00 AEM Value - Total $6,201,553.00
A) 56 Walsh Street 0.4 2/15/2024 $5,000,000 2,028 1.75 $2465.48 Cape Cod 1930 5 3 1 3275 Electr Basebrd 0.11 Wood Shingle $1,129,500 $2,656,800 $0 $3,786,300
B) 45 West Chester Street 0.5 4/17/2024 $3,200,000 1,972 1.75 $1622.72 Conventional 1920 4 3 2581 Forced Air-Duc 0.14 Wood Shingle $1,072,400 $1,538,100 $0 $2,610,500
C) 20 New Lane 0.8 1/17/2024 $4,350,000 2,247 1.75 $1935.91 Colonial 1998 4 3 1 4196 Forced Air-Duc 0.12 Wood Shingle $2,176,000 $1,018,300 $0 $3,194,300
D) 108 Main Street 1.0 3/19/2024 $4,500,000 2,005 2.5 $2244.39 Antique 1900 6 4 1 5508 Hot Water 0.17 Asph/F Gls/Cmp $2,002,200 $2,234,400 $0 $4,236,600
# Address Last Sold Sale Price Dist(m) Style LA (sq ft) Lot(ac) BR F-HB
@ 40 Jefferson Avenue 9/8/2016 $5,610,502 0 Colonial 2,565 0.22 3 3-3 -
  Criteria
A 56 Walsh Street 2/15/2024 $5,000,000 0.4 Cape Cod 2,028 0.11 5 3-1
B 45 West Chester Street 4/17/2024 $3,200,000 0.5 Conventional 1,972 0.14 4 3-
C 20 New Lane 1/17/2024 $4,350,000 0.8 Colonial 2,247 0.12 4 3-1
D 108 Main Street 3/19/2024 $4,500,000 1.0 Antique 2,005 0.17 6 4-1
Averages 120 days $4,262,500 0.66 --- 2,063 0.13 --- ---  

Estimation of Market Value - $6,473,215

As of today, 06/30/2024, the estimated market value of 40 Jefferson Avenue, Nantucket considering the above 4 comparable properties is $6,473,215.

 

In estimating the current market value, RealtyInSite follows the sales comparison (market) approach which is an approach based on the principles of supply and demand (principle of change) and the principle of substitution. The principle of substitution assumes that a prudent person will pay no more for a property than it would cost to purchase a comparable substitute property.

 

Comparable sales data are applied to arrive at an estimate of value. By default, comparable properties are those properties located within 1 mile of the subject property that have sold within the last 6 months and have a similar size of living area. The table shown above lists the comparable properties that were considered. Note that which properties are considered comparables can be adjusted by varying the selection criteria or deleting non-representative properties.

Neighboring Properties
Mailing Labels
  • Total Appraisal
  • Building Appraisal
  • Land Appraisal
  • Last Sale Price
  • Net Living Area
  • Number of Bedrooms
  • Lot Size
  • Year Built
# Address Last Sold Sale Price Dist(m) Style LA (sq ft) Lot(ac) BR F-HB
@ 40 Jefferson Avenue 9/8/2016 $5,610,502 0 Colonial 2,565 0.22 3 3-3 -
  Criteria
A 36 Jefferson Avenue 9/6/2019 $0 0.0 Colonial 2,556 0.26 5 3-
B 35 Jefferson Avenue 12/31/2012 $0 0.0 Ranch 1,596 0.13 3 2-1
C 39 Jefferson Avenue 3/25/2021 $0 0.0 Ranch 1,596 0.18 3 2-
D 0 Jefferson Avenue 12/6/2011 $465,000 0.0 Vacant Land 0.18 -
E 34 Jefferson Avenue 9/6/2019 $0 0.0 Colonial 1,682 0.16 3 2-
F 29 Jefferson Avenue 1/4/2021 $0 0.0 Custom Built 2,100 0.11 3 3-1
G 19 Lincoln Avenue 3/18/1994 $2,140,000 0.0 Mansion 7,286 0.93 5 5-1
H 27 Jefferson Avenue 10/4/2011 $0 0.0 Vacant Land 0.28 -
I 32 Jefferson Avenue 9/18/2019 $4,500,000 0.1 Colonial 2,004 0.21 3 3-
J 17 Lincoln Avenue 10/29/2020 $14,875,000 0.1 Custom Built 8,324 0.59 5 8-3
K 46 Jefferson Avenue $0 0.1 Hotel 4,605 2.66 0 4-
L 98 Hulbert Avenue $0 0.1 Vacant Land 0.23 -
M 21 Jefferson Avenue 8/3/2021 $3,000,000 0.1 Colonial 2,022 0.12 4 3-
N 23 Jefferson Avenue 10/4/2011 $0 0.1 Colonial 3,667 0.22 5 6-1
O 21 Lincoln Avenue 4/15/2022 $36,000,000 0.1 Antique 4,903 1.22 8 7-2
P 41 Jefferson Avenue 7/9/2002 $0 0.1 Hotel 5,739 0.74 0 4-
Q 28 Jefferson Avenue 4/6/2022 $0 0.1 Colonial 1,654 0.26 4 2-
R 43 Jefferson Avenue 11/8/2019 $1 0.1 Cottage 484 0.55 1 1-
S 54 Jefferson Avenue 12/31/2012 $0 0.1 Restaurant 3,061 0.4 0 2-
T 3 Pawguvet Lane 3/31/2017 $3,500,000 0.1 Colonial 2,081 0.18 6 3-
U 15 Lincoln Avenue $1,105,000 0.1 Colonial 2,722 0.43 4 2-
V 1 Pawguvet Lane 9/10/1998 $0 0.1 Colonial 1,673 0.13 3 3-
W 23 Lincoln Avenue 9/24/2019 $0 0.1 Custom Built 5,678 1.19 5 4-1
X 94 Hulbert Avenue 11/30/2021 $0 0.1 Cape Cod 2,512 0.19 4 3-2
Y 26 Jefferson Avenue 7/3/2012 $0 0.1 Vacant Land 0.14 -
Z 13-A Lincoln Avenue 7/3/2012 $0 0.1 Bungalow 1,545 0.19 2 2-
- 6 Pawguvet Lane 6/4/2019 $3,900,000 0.1 Colonial 2,707 0.25 4 5-
- 24 Jefferson Avenue 7/3/2012 $0 0.1 Vacant Land 0.15 -
- 13 Lincoln Avenue 7/3/2012 $0 0.1 Custom Built 5,995 0.49 5 7-1
- 4 Pawguvet Lane 8/3/2020 $0 0.1 Colonial 2,530 0.17 4 4-1
- 25 Lincoln Avenue 8/28/2012 $18,500,000 0.1 Custom Built 5,876 0.79 5 6-2
- 92 Hulbert Avenue 12/20/2021 $0 0.1 Colonial 2,124 0.23 4 4-1
- 11 Jefferson Avenue 12/29/2000 $0 0.1 Vacant Land 0.24 -
- 20 Lincoln Avenue 10/14/2011 $5,995,000 0.1 Antique 4,172 0.18 5 5-1
- 11 Lincoln Avenue 10/16/2013 $9,550,000 0.1 Antique 4,819 0.38 6 6-1
- 16 Lincoln Avenue 9/22/2020 $15,200,000 0.1 Custom Built 6,613 0.32 6 6-2
- 14 Lincoln Avenue 9/17/2019 $3,594 0.1 Custom Built 6,356 0.41 4 4-3
Averages 3409 days $3,209,016 0.07 --- 2,991 0.42 --- ---  
DISCLAIMER: The information in this report was collected from the concerned Assessors Office and Registry of Deeds.  Compu-Links disclaims any and all representations or warranties as to the accuracy of this information
30 119 40 Jefferson Avenue