21 Madaket Road, Nantucket, MA 02554

21 Madaket Road Nantucket MA 02554
Owner Information
Owner 1
Panther Holdings LLC
Owner 2
Owner's Address
289 Oenoke Ridge New Canaan, CT 06840
Market Sale Information
Most recent sale date
9/15/2014
Previous sale date
07/06/2012
Transfer document #
C0025328-
Previous transfer document
C0024312-0
Grantor
Stephen W Cheney
Previous grantor
Kathleen S Tipper
Most recent sale price
$2,750,000.00
Previous sale price
$1,050,000.00
Site Information
Property ID
41-301
Lot Size
0.37
Use Code
101 - Residential, single family
Zoning
R20
Building Style
Custom Built
Number of Rooms
Stories
2
Number of Beds
4
Year Built
1981
Number of full baths
3
Condition
Number of half baths
2
Finished Area
2468
Number of Kitchen
1
Gross Living Area
3736
Number of Fireplaces
Bsmnt floot
Number of parking
Interior walls
Drywall/Sheet
Floor type
Pine/Soft Wood
Solar Hot Water
No
Roof Structure
Salt Box
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
$1,206,000.00
Total value
$3,668,000.00
Building value
$2,462,000.00
Estimated tax
$11,480.00
Yard improvement value
$0.00
Certified Mass Appraisal
Comparable Properties
  • Total Appraisal
  • Building Appraisal
  • Land Appraisal
  • Last Sale Price
  • Net Living Area
  • Number of Bedrooms
  • Lot Size
  • Year Built
Address 21 Madaket Road Photo Plan Map Proximity Last Sold Price Net Living Area Stories Sale Price/sft $1,114.26 Style Custom Built Age 1981 Rooms Bedrooms 4 Full baths 3 Half baths 2 Gross Living Area 3736 Heating Fuel Forced Air-Duc Detached Garage Lot Size 0.37 Roof Cover Wood Shingle AEM Value - Building $2,462,000.00 AEM Value - Land $1,206,000.00 AEM Value - Other $0.00 AEM Value - Total $3,668,000.00
A) 20 New Lane 0.2 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
B) 45 West Chester Street 0.4 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) 108 Main Street 0.5 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
D) 10 Aurora Way 0.7 1/9/2024 $4,650,000 2,468 1.75 $1884.12 Colonial 2003 4 3 1 5236 Hot Air-No Duc 0.18 Wood Shingle $2,468,800 $963,100 $0 $3,431,900
E) 1 Farmer Street 0.7 5/10/2024 $3,600,000 2,430 2 $1481.48 Antique 1850 3 3 1 3372 Hot Water 0.06 Asph/F Gls/Cmp $1,301,200 $1,122,500 $0 $2,423,700
F) 45 Fair Street 0.7 5/8/2024 $4,800,000 2,854 2 $1681.85 Custom Built 1983 4 4 1 3552 Hot Water 0.07 Wood Shingle $2,636,200 $1,213,000 $0 $3,849,200
G) 56 Walsh Street 0.9 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
H) 7 Yompasham Lane 0.9 2/14/2024 $2,262,500 1,878 1.5 $1204.74 Conventional 1994 3 3 4742 Forced Air-Duc 0.25 Asph/F Gls/Cmp $1,414,800 $696,600 $0 $2,111,400
I) 8 Austin Farm Drive 0.9 3/1/2024 $8,500,000 2,798 2 $3037.88 Colonial 1994 3 2 1 4432 Forced Air-Duc 0.92 Wood Shingle $1,701,900 $1,217,000 $0 $2,918,900
# Address Last Sold Sale Price Dist(m) Style LA (sq ft) Lot(ac) BR F-HB
@ 21 Madaket Road 9/15/2014 $2,750,000 0 Custom Built 2,468 0.37 4 3-2 -
  Criteria
A 20 New Lane 1/17/2024 $4,350,000 0.2 Colonial 2,247 0.12 4 3-1
B 45 West Chester Street 4/17/2024 $3,200,000 0.4 Conventional 1,972 0.14 4 3-
C 108 Main Street 3/19/2024 $4,500,000 0.5 Antique 2,005 0.17 6 4-1
D 10 Aurora Way 1/9/2024 $4,650,000 0.7 Colonial 2,468 0.18 4 3-1
E 1 Farmer Street 5/10/2024 $3,600,000 0.7 Antique 2,430 0.06 3 3-1
F 45 Fair Street 5/8/2024 $4,800,000 0.7 Custom Built 2,854 0.07 4 4-1
G 56 Walsh Street 2/15/2024 $5,000,000 0.9 Cape Cod 2,028 0.11 5 3-1
H 7 Yompasham Lane 2/14/2024 $2,262,500 0.9 Conventional 1,878 0.25 3 3-
I 8 Austin Farm Drive 3/1/2024 $8,500,000 0.9 Colonial 2,798 0.92 3 2-1
Averages 113 days $4,540,278 0.66 --- 2,298 0.22 --- ---  

Estimation of Market Value - $5,062,070

As of today, 06/30/2024, the estimated market value of 21 Madaket Road, Nantucket considering the above 9 comparable properties is $5,062,070.

 

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
  • 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
@ 21 Madaket Road 9/15/2014 $2,750,000 0 Custom Built 2,468 0.37 4 3-2 -
  Criteria
A 23 Madaket Road 7/1/2022 $4,000,000 0.0 Conventional 2,033 0.72 3 2-
B 19 Madaket Road 5/17/1993 $211,500 0.0 Ranch 1,168 0.76 2 1-1
C 22 Madaket Road 10/9/2013 $865,000 0.0 Cape Cod 1,882 0.1 3 4-
D 21-R Madaket Road 7/26/2011 $0 0.0 Colonial 6,343 1.3 7 4-2
E 29 Madaket Road 10/28/2022 $0 0.0 Colonial 5,156 0.29 3 2-
F 17 Madaket Road 10/19/2018 $1,413,750 0.0 Cape Cod 3,265 0.5 3 3-1
G 24 Madaket Road 1/13/2005 $0 0.1 Cape Cod 1,622 0.77 3 2-
H 31 Madaket Road 12/4/2013 $0 0.1 Colonial 1,592 1.31 1 2-1
I 15 Hedgebury Lane 11/6/2020 $3,061,250 0.1 Custom Built 2,740 0.46 4 4-1
J 13 Hedgebury Lane 10/1/2021 $6,160,000 0.1 Custom Built 3,447 0.47 5 5-1
K 11 Hedgebury Lane 5/16/2019 $5,050,000 0.1 Custom Built 4,148 0.47 5 6-1
L 15-B Madaket Road $0 0.1 Colonial 2,057 0.51 4 4-1
M 2 Dukes Road 11/2/2023 $5,501,100 0.1 Colonial 1,435 1.7 3 2-
N 9 Hedgebury Lane 6/3/2016 $3,735,000 0.1 Custom Built 4,231 0.46 5 5-1
O 14 Meadow Lane 5/5/2017 $1,650,000 0.1 Ranch 1,294 0.49 2 1-
P 5 Dukes Road 1/13/2005 $0 0.1 Vacant Land 0.28 -
Q 16 Meadow Lane 12/29/2016 $0 0.1 Colonial 6,198 0.57 7 4-1
R 12 Meadow Lane-Lot 601 1/7/2013 $675,000 0.1 Vacant Land 0.47 -
S 4 Dukes Road 12/17/2021 $1,700,000 0.1 Colonial 1,911 0.47 4 3-
T 15-A Madaket Road 5/26/2017 $0 0.1 Colonial 2,801 0.5 4 4-1
U 7 Hedgebury Lane 9/6/2012 $1,250,000 0.1 Custom Built 4,575 0.46 3 5-1
V 33 Madaket Road 12/14/2020 $5,122,500 0.1 Custom Built 4,453 1.18 4 6-1
W 12 Meadow Lane 3/30/2012 $1,725,000 0.1 Colonial 3,494 0.63 4 2-1
X 32 Madaket Road 5/19/2008 $0 0.1 Cape Cod 3,189 0.55 5 3-
Y 6 Ackermuck Way 11/1/2021 $4,895,000 0.1 Custom Built 2,924 0.64 4 4-1
Z 5 Hedgebury Lane 1/25/2022 $7,105,000 0.1 Cape Cod 2,317 0.48 4 3-3
- 6 Dukes Road 8/29/2012 $0 0.1 Conventional 1,652 0.47 4 2-
- 15 Madaket Road 2/9/1996 $560,000 0.1 Colonial 1,796 0.46 3 3-
- 5 Ackermuck Way 7/2/1997 $230,000 0.1 Cape Cod 2,061 1.2 5 2-
- 18 Meadow Lane 10/30/2019 $1,862,250 0.1 Colonial 3,364 0.46 3 3-
- 34 Madaket Road 8/23/2011 $0 0.1 Colonial 2,818 0.51 4 4-
- 3 Hedgebury Lane 5/18/2011 $3,340,000 0.1 Custom Built 5,796 0.52 5 7-2
- 55 Vestal Street 1/17/2019 $0 0.1 Cape Cod 1,896 0.46 4 3-
- 8 Dukes Road 12/21/2020 $0 0.1 Colonial 1,408 0.47 3 1-1
- 13 Madaket Road 1/22/2022 $0 0.1 Colonial 2,482 0.15 3 3-1
- 9 Dukes Road 7/1/2013 $0 0.1 Cape Cod 1,294 0.5 4 1-1
- 9 Madaket Road 9/7/2021 $2,750,000 0.1 Colonial 1,944 0.54 4 2-
- 57 Vestal Street 2/18/2020 $0 0.1 Ranch 1,320 1.04 3 1-1
- 6-R New Lane 11/5/2021 $2,537,500 0.1 Colonial 1,792 0.12 3 2-1
- 49 Vestal Street 10/19/2012 $650,000 0.1 Custom Built 5,440 0.46 5 5-2
- 8 Meadow Lane 7/12/2019 $0 0.1 Cape Cod 1,200 0.2 4 2-
- 37 Madaket Road 9/16/2019 $1,400,000 0.1 Ranch 1,396 0.61 3 2-
Averages 3296 days $1,605,949 0.09 --- 2,665 0.59 --- ---  
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
41 301 21 Madaket Road