5 Ridge Lane, Nantucket, MA 02554

5 Ridge Lane Nantucket MA 02554
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Owner Information
Owner 1
B Jeanne Garofalo
Owner 2
Owner's Address
2801 New Mexico Ave NW APT Ph18 Washington, DC 20007
Market Sale Information
Most recent sale date
11/20/1998
Previous sale date
12/18/1991
Transfer document #
C0018-0679
Previous transfer document
C0015-0101
Grantor
Paul C Mottern
Previous grantor
Paul C Mottern
Most recent sale price
$510,000.00
Previous sale price
$0.00
Site Information
Property ID
38-89
Lot Size
0.26
Use Code
109 - Multiple Houses on one parcel
Zoning
LUG2
Building Style
Cape Cod
Number of Rooms
Stories
2
Number of Beds
3
Year Built
1983
Number of full baths
2
Condition
Number of half baths
1
Finished Area
2184
Number of Kitchen
1
Gross Living Area
3204
Number of Fireplaces
Bsmnt floot
Number of parking
Interior walls
Drywall/Sheet
Floor type
Pine/Soft Wood
Solar Hot Water
No
Roof Structure
Gable/Hip
Heating type
Electric
Roof Cover
Asph/F Gls/Cmp
Heating fuel
Electr Basebrd
Frame type
Air Condition (%)
Sidings
Wood Shingle
Assessment Information
Fiscal Year
2024
Land Value
$835,900.00
Total value
$2,091,600.00
Building value
$1,255,700.00
Estimated tax
$6,546.00
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 5 Ridge Lane Photo Plan Map Proximity Last Sold Price Net Living Area Stories Sale Price/sft $233.52 Style Cape Cod Age 1983 Rooms Bedrooms 3 Full baths 2 Half baths 1 Gross Living Area 3204 Heating Fuel Electr Basebrd Detached Garage Lot Size 0.26 Roof Cover Asph/F Gls/Cmp AEM Value - Building $1,255,700.00 AEM Value - Land $835,900.00 AEM Value - Other $0.00 AEM Value - Total $2,091,600.00
A) 35 Warrens Landing Road 0.5 8/22/2024 $665,000 2,682 2 $247.95 Colonial 1996 4 2 1 5712 Hot Water 1.87 Asph/F Gls/Cmp $1,362,700 $2,443,300 $0 $3,806,000
# Address Last Sold Sale Price Dist(m) Style LA (sq ft) Lot(ac) BR F-HB
@ 5 Ridge Lane 11/20/1998 $510,000 0 Cape Cod 2,184 0.26 3 2-1 -
  Criteria
A 35 Warrens Landing Road 8/22/2024 $665,000 0.5 Colonial 2,682 1.87 4 2-1
Averages 45 days $665,000 0.47 --- 2,682 1.87 --- ---  

Estimation of Market Value - $453,487

As of today, 10/06/2024, the estimated market value of 5 Ridge Lane, Nantucket considering the above 1 comparable properties is $453,487.

 

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
@ 5 Ridge Lane 11/20/1998 $510,000 0 Cape Cod 2,184 0.26 3 2-1 -
  Criteria
A 3 Ridge Lane 3/15/2012 $0 0.0 Cape Cod 1,677 0.24 2 2-
B 7 Ridge Lane 10/14/2011 $0 0.0 Colonial 1,296 0.26 3 2-
C 1 Ridge Lane 7/14/2022 $2,005,000 0.0 Colonial 1,702 0.24 3 1-1
D 9 Ridge Lane 10/3/2023 $1,800,000 0.0 Cape Cod 1,055 0.24 2 2-
E 6 Ridge Lane 10/24/1995 $230,000 0.0 Colonial 2,595 0.29 3 3-
F 4 Ridge Lane 1/18/2017 $1,040,000 0.0 Colonial 1,944 0.24 3 2-
G 8 Ridge Lane 5/28/2015 $0 0.0 Colonial 2,085 0.29 3 2-1
H 10 Ridge Lane 6/14/2013 $0 0.0 Cape Cod 1,384 0.24 3 2-
I 2 Ridge Lane 4/17/2013 $0 0.0 Cape Cod 2,266 0.24 3 2-
J 11 Ridge Lane 4/9/2020 $0 0.0 Colonial 960 0.26 3 2-1
K 12 Ridge Lane 1/4/2002 $495,000 0.1 Colonial 1,600 0.23 3 1-1
L 13 Ridge Lane 2/19/2008 $1,100,000 0.1 Cape Cod 1,202 0.29 3 2-1
M 14 Ridge Lane 11/17/1995 $0 0.1 Vacant Land 4.34 -
N 1 North Point 3/7/2007 $0 0.1 Cape Cod 2,159 0.35 3 3-
O 1 Warrens Landing Road 11/17/1995 $0 0.1 Vacant Land 37.14 -
P 3 North Point 11/10/2016 $0 0.1 Colonial 1,893 0.28 3 3-
Q 15 Ridge Lane 11/17/1995 $0 0.1 Vacant Land 0.35 -
R 7 Warrens Landing Road 11/17/1995 $0 0.1 Colonial 1,182 2.3 3 2-
S 9 Fishers Landing Road 11/17/2021 $1,545,000 0.1 Cape Cod 1,488 0.28 3 2-1
T 7 Fishers Landing Road 11/19/2008 $0 0.1 Colonial 1,436 0.26 2 2-
U 11 Fishers Landing Road 10/2/2000 $0 0.1 Cape Cod 1,224 0.24 3 2-
V 16 Ridge Lane 10/26/2015 $0 0.1 Colonial 1,206 0.23 2 2-
W 5 North Point 8/23/2022 $0 0.1 Cape Cod 1,657 0.25 2 2-
X 13 Fishers Landing Road 6/23/2017 $0 0.1 Colonial 1,732 0.24 3 2-1
Y 5 Fishers Landing Road 3/20/2008 $0 0.1 Colonial 1,613 0.24 3 1-1
Z 7 North Point 10/6/2005 $1,050,000 0.1 Colonial 2,716 0.25 2 3-1
- 17 Ridge Lane 3/15/2021 $968,000 0.1 Cape Cod 1,378 0.31 4 2-
- 18 Ridge Lane $0 0.1 Colonial 2,240 0.23 4 3-
- 3 Fishers Landing Road 9/27/2000 $0 0.1 Colonial 1,940 0.24 2 2-
- 11 North Point 4/9/2021 $0 0.1 Cape Cod 2,512 0.29 5 4-1
Averages 5167 days $341,100 0.08 --- 1,538 1.7 --- ---  
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
38 89 5 Ridge Lane