47 Madaket Road, Nantucket, MA 02554

47 Madaket Road Nantucket MA 02554
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Owner Information
Owner 1
Brad L Larson & Lisa I
Owner 2
Owner's Address
1136 Fifth Ave # 2c New York, NY 10128
Market Sale Information
Most recent sale date
9/5/2017
Previous sale date
07/02/1984
Transfer document #
01607-0209
Previous transfer document
00216-0085
Grantor
Daniel J Bills
Previous grantor
Most recent sale price
$2,250,000.00
Previous sale price
$0.00
Site Information
Property ID
41-323
Lot Size
0.87
Use Code
101 - Residential, single family
Zoning
R20
Building Style
Colonial
Number of Rooms
Stories
2
Number of Beds
4
Year Built
1950
Number of full baths
3
Condition
Number of half baths
1
Finished Area
3454
Number of Kitchen
1
Gross Living Area
5657
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
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
$1,276,000.00
Total value
$3,582,100.00
Building value
$2,306,100.00
Estimated tax
$11,211.00
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 47 Madaket Road Photo Plan Map Proximity Last Sold Price Net Living Area Stories Sale Price/sft $651.42 Style Colonial Age 1950 Rooms Bedrooms 4 Full baths 3 Half baths 1 Gross Living Area 5657 Heating Fuel Forced Air-Duc Detached Garage Lot Size 0.87 Roof Cover Asph/F Gls/Cmp AEM Value - Building $2,306,100.00 AEM Value - Land $1,276,000.00 AEM Value - Other $0.00 AEM Value - Total $3,582,100.00
A) 20 West Chester Street 0.7 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) 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
C) 45 Fair Street 0.9 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
# Address Last Sold Sale Price Dist(m) Style LA (sq ft) Lot(ac) BR F-HB
@ 47 Madaket Road 9/5/2017 $2,250,000 0 Colonial 3,454 0.87 4 3-1 -
  Criteria
A 20 West Chester Street 6/17/2024 $6,995,000 0.7 Custom Built 3,287 0.28 4 4-2
B 8 Austin Farm Drive 3/1/2024 $8,500,000 0.9 Colonial 2,798 0.92 3 2-1
C 45 Fair Street 5/8/2024 $4,800,000 0.9 Custom Built 2,854 0.07 4 4-1
Averages 66 days $6,765,000 0.84 --- 2,980 0.42 --- ---  

Estimation of Market Value - $6,696,430

As of today, 07/04/2024, the estimated market value of 47 Madaket Road, Nantucket considering the above 3 comparable properties is $6,696,430.

 

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
@ 47 Madaket Road 9/5/2017 $2,250,000 0 Colonial 3,454 0.87 4 3-1 -
  Criteria
A 49-A Madaket Road 7/5/2018 $0 0.0 Colonial 2,271 0.5 4 3-1
B 43 Madaket Road 7/7/2014 $0 0.0 Bungalow 1,063 1.6 2 2-
C 49-B Madaket Road 10/20/2000 $1,150,000 0.0 Colonial 1,415 0.48 2 3-
D 41 Madaket Road 11/14/2013 $0 0.0 Colonial 2,016 1.8 4 3-
E 44 Madaket Road 5/31/2001 $0 0.1 Colonial 2,697 0.5 2 3-1
F 54 Grove Lane 11/27/2019 $0 0.1 Vacant Land 2.01 -
G 42 Madaket Road 10/14/1988 $270,000 0.1 Cape Cod 1,404 0.5 3 2-
H 39 Madaket Road 5/7/2018 $0 0.1 Cape Cod 1,512 0.57 3 3-
I 51-A Madaket Road 6/2/2015 $0 0.1 Cottage 686 0.47 1 1-
J 40 Madaket Road 4/2/2004 $0 0.1 Cape Cod 1,482 0.5 3 1-1
K 51-B Madaket Road 1/31/2018 $1,775,000 0.1 Colonial 2,540 0.92 3 2-1
L 35 Madaket Road 6/20/2018 $1,650,000 0.1 Ranch 1,707 3.79 2 3-1
M 37 Madaket Road 9/16/2019 $1,400,000 0.1 Ranch 1,396 0.61 3 2-
N 46 Madaket Road 6/23/1999 $0 0.1 Vacant Land 1.48 -
O 38 Madaket Road 7/1/2010 $500,000 0.1 Vacant Land 0.5 -
P 4 Tulip Lane 12/9/1999 $300,000 0.1 Vacant Land 0.58 -
Q 58 Grove Lane 8/28/2019 $0 0.1 Cape Cod 1,446 0.91 3 2-1
R 48 Madaket Road 6/23/1999 $0 0.1 Vacant Land 2.59 -
S 36 Madaket Road 12/16/1994 $0 0.1 Cape Cod 1,968 0.5 3 2-
T 3 Tulip Lane 6/12/2003 $0 0.1 Cape Cod 2,677 0.48 5 2-1
U 52 Madaket Road 6/23/1999 $850,000 0.1 Outbuildings 0.82 -
V 55 Madaket Road 1/16/2008 $0 0.1 Colonial 2,080 0.62 3 2-1
W 50 Madaket Road 6/23/1999 $850,000 0.1 Vacant Land 1.66 -
X 60 Grove Lane 3/24/2017 $550,000 0.1 Colonial 1,584 0.71 3 2-
Y 33 Madaket Road 12/14/2020 $5,122,500 0.1 Custom Built 4,453 1.18 4 6-1
Z 34 Madaket Road 8/23/2011 $0 0.1 Colonial 2,818 0.51 4 4-
- 17 Dukes Road 12/1/2017 $0 0.1 Colonial 918 0.57 1 1-1
- 54 Madaket Road 6/23/1999 $850,000 0.1 Outbuildings 0.83 -
- 60 Crooked Lane 10/19/2015 $1,770,000 0.1 Colonial 2,940 0.41 4 3-
Averages 5557 days $587,500 0.08 --- 1,416 0.99 --- ---  
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
41 323 47 Madaket Road