7 New Lane, Nantucket, MA 02554

7 New Lane Nantucket MA 02554
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Owner Information
Owner 1
David E Finley & Laura M
Owner 2
Owner's Address
2 Chestnut St Apt 1 Boston, MA 02108
Market Sale Information
Most recent sale date
10/30/2015
Previous sale date
07/16/2014
Transfer document #
01509-0101
Previous transfer document
01442-0316
Grantor
Koyote Realty LLC
Previous grantor
Gary C Yates
Most recent sale price
$3,200,000.00
Previous sale price
$875,000.00
Site Information
Property ID
41-285
Lot Size
0.21
Use Code
101 - Residential, single family
Zoning
R1
Building Style
Custom Built
Number of Rooms
Stories
1.75
Number of Beds
5
Year Built
2014
Number of full baths
5
Condition
Number of half baths
2
Finished Area
4034
Number of Kitchen
1
Gross Living Area
5924
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
Asph/F Gls/Cmp
Heating fuel
Forced Air-Duc
Frame type
Air Condition (%)
Sidings
Wood Shingle
Assessment Information
Fiscal Year
2024
Land Value
$1,020,600.00
Total value
$4,777,600.00
Building value
$3,757,000.00
Estimated tax
$14,953.00
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 7 New Lane Photo Plan Map Proximity Last Sold Price Net Living Area Stories Sale Price/sft $793.26 Style Custom Built Age 2014 Rooms Bedrooms 5 Full baths 5 Half baths 2 Gross Living Area 5924 Heating Fuel Forced Air-Duc Detached Garage Lot Size 0.21 Roof Cover Asph/F Gls/Cmp AEM Value - Building $3,757,000.00 AEM Value - Land $1,020,600.00 AEM Value - Other $0.00 AEM Value - Total $4,777,600.00
A) 20 West Chester Street 0.4 6/17/2024 $6,995,000 3,287 2 $2128.08 Custom Built 2016 4 4 2 5325 Forced Air-Duc 0.28 Asph/F Gls/Cmp $4,768,600 $1,559,950 $0 $6,328,550
B) 25 Union Street 0.6 8/19/2024 $2,365,000 3,537 2 $668.65 Antique 1806 5 2 1 7266 Hot Water 0.14 Wood Shingle $2,507,500 $2,226,200 $0 $4,733,700
C) 16 Walsh Street 0.8 8/21/2024 $287,500 4,133 2 $69.56 Colonial 1960 7 4 1 5889 Electr Basebrd 0.28 Asph/F Gls/Cmp $2,554,200 $2,264,700 $0 $4,818,900
D) 3 Sherburne Way 0.8 5/30/2024 $8,000,000 4,626 1 $1729.36 Ranch 1960 5 4 6685 Hot Water 2.39 Wood Shingle $2,964,300 $22,912,800 $0 $25,877,100
# Address Last Sold Sale Price Dist(m) Style LA (sq ft) Lot(ac) BR F-HB
@ 7 New Lane 10/30/2015 $3,200,000 0 Custom Built 4,034 0.21 5 5-2 -
  Criteria
A 20 West Chester Street 6/17/2024 $6,995,000 0.4 Custom Built 3,287 0.28 4 4-2
B 25 Union Street 8/19/2024 $2,365,000 0.6 Antique 3,537 0.14 5 2-1
C 16 Walsh Street 8/21/2024 $287,500 0.8 Colonial 4,133 0.28 7 4-1
D 3 Sherburne Way 5/30/2024 $8,000,000 0.8 Ranch 4,626 2.39 5 4-
Averages 76 days $4,411,875 0.66 --- 3,896 0.77 --- ---  

Estimation of Market Value - $3,293,754

As of today, 09/28/2024, the estimated market value of 7 New Lane, Nantucket considering the above 4 comparable properties is $3,293,754.

 

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
@ 7 New Lane 10/30/2015 $3,200,000 0 Custom Built 4,034 0.21 5 5-2 -
  Criteria
A 7-A New Lane 6/24/2024 $4,575,000 0.0 Guest Quarters 560 0.16 1 1-
B 9 New Lane 6/22/1993 $0 0.0 Ranch 1,303 0.21 2 2-
C 11 New Lane 4/21/2000 $0 0.0 Cape Cod 1,170 0.21 2 0-
D 6 Barnabas Lane 2/3/2022 $0 0.0 Colonial 4,690 0.18 6 5-1
E 5 New Lane 3/27/2020 $1,900,000 0.0 Cape Cod 2,374 0.16 3 2-2
F 4 Barnabas Lane 12/15/2000 $1,575,000 0.0 Colonial 2,687 0.17 5 4-1
G 8 Barnabas Lane 10/15/2009 $1,100,000 0.0 Vacant Land 0.18 -
H 3 New Lane $0 0.0 Gar/Apt Res 897 0.17 2 1-
I 6 New Lane 11/10/2021 $4,800,000 0.0 Custom Built 3,485 0.12 3 5-1
J 13 New Lane 12/15/2014 $2,580,000 0.0 Colonial 4,423 0.23 5 5-1
K 10 Barnabas Lane 6/15/2011 $2,675,000 0.0 Colonial 3,082 0.17 3 3-1
L 8 New Lane 1/29/2021 $3,200,000 0.0 Colonial 2,633 0.46 5 4-1
M 10 New Lane 11/15/2021 $0 0.0 Colonial 2,112 0.46 3 3-
N 15 New Lane 9/4/2018 $1,960,000 0.0 Cape Cod 2,234 0.14 4 4-
O 14 New Lane 6/17/2016 $2,262,500 0.0 Colonial 3,181 0.11 5 4-1
P 16 New Lane 9/15/2021 $0 0.0 Colonial 2,735 0.16 4 3-1
Q 4 New Lane 12/12/1990 $200,000 0.0 Conventional 3,460 0.41 5 2-1
R 12 Barnabas Lane 9/9/2020 $3,955,000 0.1 Colonial 4,144 0.18 4 4-2
S 6-R New Lane 11/5/2021 $2,537,500 0.1 Colonial 1,792 0.12 3 2-1
T 5 Barnabas Lane 7/20/2020 $5,550,000 0.1 Custom Built 5,191 0.15 6 6-1
U 164 Main Street 8/21/2020 $1,400,000 0.1 Antique 2,332 0.08 4 4-
V 7 Barnabas Lane 1/4/2018 $1,980,000 0.1 Vacant Land 0.22 -
W 17 New Lane 4/24/2020 $0 0.1 Vacant Land 0.12 -
X 4 Meadow Lane 2/28/2005 $0 0.1 Ranch 1,294 0.18 2 1-
Y 36 Woodbury Lane 2/23/2004 $0 0.1 Colonial 2,584 0.17 5 3-1
Z 9 Barnabas Lane 10/20/2003 $1,675,000 0.1 Colonial 3,390 0.15 5 3-1
- 34 Woodbury Lane 5/29/1992 $110,000 0.1 Colonial 3,236 0.12 3 4-
- 162 Main Street 6/7/2021 $0 0.1 Bungalow 842 0.12 2 1-
- 32 Woodbury Lane 4/21/2017 $0 0.1 Colonial 2,100 0.12 3 2-1
- 3 Madaket Road 7/30/2018 $1,250,000 0.1 Antique 1,242 0.11 3 1-2
- 153 Main Street 3/31/2016 $2,000,000 0.1 Antique 4,896 0.23 6 6-1
- 9 Madaket Road 9/7/2021 $2,750,000 0.1 Colonial 1,944 0.54 4 2-
- 11 Barnabas Lane 9/26/2013 $1,800,000 0.1 Colonial 2,136 0.15 3 3-
- 160 Main Street 5/27/2015 $850,000 0.1 Antique 1,600 0.09 4 2-
- 5 Madaket Road 9/11/2007 $0 0.1 Cape Cod 1,287 0.2 2 1-
- 30 Woodbury Lane 9/9/2020 $2,942,500 0.1 Colonial 2,609 0.12 4 3-1
- 6 Meadow Lane 3/28/2012 $465,000 0.1 Colonial 1,318 0.17 3 3-
- 3 Meadow Lane 8/13/2004 $0 0.1 Ranch 909 0.2 3 1-
- 8 Lowell Place 7/17/2018 $100 0.1 Antique 776 0.33 1 2-
- 158 Main Street 4/25/2002 $638,000 0.1 Antique 1,655 0.14 3 2-
- 18 New Lane 2/3/1997 $0 0.1 Cape Cod 2,137 0.37 4 3-
- 7 Madaket Road 8/1/2014 $860,000 0.1 Cape Cod 1,669 0.18 2 2-
- 6 Ackermuck Way 11/1/2021 $4,895,000 0.1 Custom Built 2,924 0.64 4 4-1
- 13 Barnabas Lane 7/25/2003 $1,200,000 0.1 Colonial 2,904 0.15 5 3-1
- 13 Madaket Road 1/22/2022 $0 0.1 Colonial 2,482 0.15 3 3-1
- 6 Lowell Place 7/17/2018 $100 0.1 Cape Cod 962 0.08 3 1-1
- 4 Lowell Place 6/24/2013 $0 0.1 Colonial 1,730 0.09 4 5-
- 5 Meadow Lane 3/2/2007 $1,250,000 0.1 Cape Cod 1,935 0.33 4 2-
- 5 Ackermuck Way 7/2/1997 $230,000 0.1 Cape Cod 2,061 1.2 5 2-
- 12 Lowell Place 7/31/2020 $898,000 0.1 Ranch 1,762 0.31 2 2-
- 15 Madaket Road 2/9/1996 $560,000 0.1 Colonial 1,796 0.46 3 3-
- 149 Main Street 5/17/2024 $4,225,000 0.1 Conventional 1,698 0.14 3 1-1
- 10 Lowell Place 11/3/1998 $275,000 0.1 Conventional 1,835 0.12 3 2-
- 24 Woodbury Lane 9/6/2022 $0 0.1 Colonial 2,838 0.15 5 4-1
- 20 New Lane 1/17/2024 $4,350,000 0.1 Colonial 2,247 0.12 4 3-1
- 33 Woodbury Lane 3/12/2013 $0 0.1 Colonial 5,779 0.41 5 6-1
- 15-A Madaket Road 5/26/2017 $0 0.1 Colonial 2,801 0.5 4 4-1
- 37 Woodbury Lane 7/13/2018 $0 0.1 Vacant Land 0.15 -
- 4 Madaket Road 10/10/2014 $1,537,500 0.1 Conventional 2,165 0.12 4 3-1
- 31 Woodbury Lane 5/27/2015 $2,461,150 0.1 Colonial 2,968 0.24 5 4-1
- 8 Meadow Lane 7/12/2019 $0 0.1 Cape Cod 1,200 0.2 4 2-
- 2 Madaket Road 12/30/1985 $0 0.1 Churches 1,344 0.16 0 0-
- 7 Meadow Lane 10/30/2003 $1,625,000 0.1 Colonial 3,046 0.32 3 3-1
- 29 Woodbury Lane 11/16/2012 $2,550,000 0.1 Colonial 3,448 0.23 3 3-1
- 22 Woodbury Lane 5/1/2014 $2,325,000 0.1 Colonial 2,106 0.15 4 2-1
- 3 Lowell Place 5/26/2023 $2,600,000 0.1 Colonial 1,190 0.05 3 3-1
- 22 New Lane 6/30/2017 $2,237,500 0.1 Colonial 3,064 0.12 5 4-1
- 0 Winn Street 4/27/2018 $1,775,000 0.1 Cape Cod 3,189 0.15 5 5-1
- 4 Mayhew Lane 1/5/2000 $1,275,000 0.1 Colonial 2,784 0.16 4 3-1
- 14 Lowell Place 9/9/2022 $0 0.1 Guest Quarters 3,195 0.12 1 3-1
- 6 Mayhew Lane 8/5/2015 $0 0.1 Colonial 3,572 0.17 4 4-1
- 147 Main Street 12/16/2020 $0 0.1 Antique 1,485 0.07 3 2-1
- 27 Woodbury Lane 9/6/2011 $0 0.1 Colonial 2,816 0.25 5 3-1
- 8 Mayhew Lane 4/30/2021 $3,050,000 0.1 Colonial 2,880 0.14 4 5-
- 156 Main Street 4/15/2005 $1,000,000 0.1 Antique 1,554 0.08 3 2-
- 20 Woodbury Lane 10/9/2012 $2,650,000 0.1 Colonial 2,600 0.11 5 4-
- 145 Main Street 4/14/2022 $0 0.1 Antique 5,601 0.24 5 6-1
- 15-B Madaket Road $0 0.1 Colonial 2,057 0.51 4 4-1
- 10 Mayhew Lane 10/27/2004 $3,625,000 0.1 Colonial 3,608 0.48 6 6-1
- 25 Woodbury Lane 1/26/1995 $331,500 0.1 Colonial 3,753 0.25 4 6-
- 2 Mayhew Lane 10/5/2022 $4,170,000 0.1 Colonial 2,715 0.14 4 3-1
- 9 Meadow Lane 6/20/2012 $775,000 0.1 Ranch 1,985 0.3 2 2-1
- 154 Main Street 9/25/2001 $468,750 0.1 Antique 2,158 0.09 4 3-
- 18 Woodbury Lane 3/20/2000 $0 0.1 Colonial 2,824 0.11 4 4-1
- 23 Woodbury Lane 3/3/1995 $335,000 0.1 Colonial 3,534 0.28 4 4-1
- 1 Hedgebury Lane 6/27/2024 $4,862,500 0.1 Ranch 1,188 0.53 4 3-
- 152 Main Street 10/7/2022 $2,291,250 0.1 Antique 1,610 0.14 3 2-
- 16 Woodbury Lane 9/5/1990 $195,000 0.1 Cape Cod 1,305 0.12 1 2-
- 12 Meadow Lane 3/30/2012 $1,725,000 0.1 Colonial 3,494 0.63 4 2-1
- 14 Mayhew Lane 9/30/2013 $3,850,000 0.1 Custom Built 3,912 0.48 5 4-1
Averages 4411 days $1,368,765 0.08 --- 2,358 0.23 --- ---  
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
41 285 7 New Lane