31 Madaket Road, Nantucket, MA 02554

31 Madaket Road Nantucket MA 02554
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Owner Information
Owner 1
Richard C Wolfe
Owner 2
Pioneers Nom Trust
Owner's Address
P O Box 107 Newfields, NH 03856
Market Sale Information
Most recent sale date
12/4/2013
Previous sale date
06/02/1999
Transfer document #
01415-0236
Previous transfer document
00624-0077
Grantor
Richard C Wolfe
Previous grantor
Kerry Hallam
Most recent sale price
$0.00
Previous sale price
$577,000.00
Site Information
Property ID
41-408
Lot Size
1.31
Use Code
101 - Residential, single family
Zoning
R20
Building Style
Colonial
Number of Rooms
6
Stories
2
Number of Beds
1
Year Built
1988
Number of full baths
2
Condition
Number of half baths
1
Finished Area
1592
Number of Kitchen
1
Gross Living Area
2056
Number of Fireplaces
Bsmnt floot
Number of parking
Interior walls
Plastered
Floor type
Pine/Soft Wood
Solar Hot Water
No
Roof Structure
Gable/Hip
Heating type
Gas
Roof Cover
Wood Shingle
Heating fuel
Hot Water
Frame type
Air Condition (%)
Sidings
Wood Shingle
Assessment Information
Fiscal Year
2024
Land Value
$1,320,000.00
Total value
$2,464,600.00
Building value
$1,144,600.00
Estimated tax
$7,714.00
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 31 Madaket Road Photo Plan Map Proximity Last Sold Price Net Living Area Stories Sale Price/sft $0.00 Style Colonial Age 1988 Rooms 6 Bedrooms 1 Full baths 2 Half baths 1 Gross Living Area 2056 Heating Fuel Hot Water Detached Garage Lot Size 1.31 Roof Cover Wood Shingle AEM Value - Building $1,144,600.00 AEM Value - Land $1,320,000.00 AEM Value - Other $0.00 AEM Value - Total $2,464,600.00
A) 149 Main Street 0.3 5/17/2024 $4,225,000 1,698 1.75 $2488.22 Conventional 1930 3 1 1 3010 Hot Water 0.14 Asph/F Gls/Cmp $1,035,800 $1,538,100 $0 $2,573,900
B) 12 Pilgrim Road 0.4 5/7/2024 $2,825,000 1,365 1 $2069.60 Ranch 1970 3 1 2450 Forced Air-Duc 0.17 Asph/F Gls/Cmp $357,700 $1,873,800 $0 $2,231,500
C) 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
D) 33 West Chester Street 0.5 6/26/2024 $2,825,000 1,577 1 $1791.38 Bungalow 1940 3 2 3089 Forced Air-Duc 0.14 Asph/F Gls/Cmp $599,600 $1,384,815 $0 $1,984,415
E) 16 Polliwog Pond Road 0.7 1/9/2024 $2,250,000 1,830 1.75 $1229.51 Cape Cod 1995 5 2 3276 Hot Water 0.24 Asph/F Gls/Cmp $757,500 $696,000 $0 $1,453,500
F) 38 Pine Street 0.8 1/31/2024 $2,225,000 1,707 1 $1303.46 Antique 1820 3 1 1 3495 Hot Water 0.07 Asph/F Gls/Cmp $853,000 $1,237,000 $0 $2,090,000
G) 40 Walsh Street 1.0 1/4/2024 $2,900,000 1,816 2 $1596.92 Colonial 1947 5 2 2720 Electr Basebrd 0.07 Asph/F Gls/Cmp $736,400 $1,746,400 $0 $2,482,800
H) 7 Yompasham Lane 1.0 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) 23 Walsh Street 1.0 2/2/2024 $4,937,500 1,774 1.75 $2783.26 Colonial 2013 4 4 1 2172 Forced Air-Duc 0.12 Asph/F Gls/Cmp $1,641,100 $2,220,700 $0 $3,861,800
J) 4 York Street 1.0 3/28/2024 $2,175,000 1,489 1.75 $1460.71 Antique 1850 3 2 3004 Hot Water 0.07 Asph/F Gls/Cmp $801,300 $809,800 $0 $1,611,100
# Address Last Sold Sale Price Dist(m) Style LA (sq ft) Lot(ac) BR F-HB
@ 31 Madaket Road 12/4/2013 $0 0 Colonial 1,592 1.31 1 2-1 -
  Criteria
A 149 Main Street 5/17/2024 $4,225,000 0.3 Conventional 1,698 0.14 3 1-1
B 12 Pilgrim Road 5/7/2024 $2,825,000 0.4 Ranch 1,365 0.17 3 1-
C 45 West Chester Street 4/17/2024 $3,200,000 0.4 Conventional 1,972 0.14 4 3-
D 33 West Chester Street 6/26/2024 $2,825,000 0.5 Bungalow 1,577 0.14 3 2-
E 16 Polliwog Pond Road 1/9/2024 $2,250,000 0.7 Cape Cod 1,830 0.24 5 2-
F 38 Pine Street 1/31/2024 $2,225,000 0.8 Antique 1,707 0.07 3 1-1
G 40 Walsh Street 1/4/2024 $2,900,000 1.0 Colonial 1,816 0.07 5 2-
H 7 Yompasham Lane 2/14/2024 $2,262,500 1.0 Conventional 1,878 0.25 3 3-
I 23 Walsh Street 2/2/2024 $4,937,500 1.0 Colonial 1,774 0.12 4 4-1
J 4 York Street 3/28/2024 $2,175,000 1.0 Antique 1,489 0.07 3 2-
Averages 108 days $2,982,500 0.70 --- 1,711 0.14 --- ---  

Estimation of Market Value - $2,985,072

As of today, 07/01/2024, the estimated market value of 31 Madaket Road, Nantucket considering the above 10 comparable properties is $2,985,072.

 

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
@ 31 Madaket Road 12/4/2013 $0 0 Colonial 1,592 1.31 1 2-1 -
  Criteria
A 29 Madaket Road 10/28/2022 $0 0.0 Colonial 5,156 0.29 3 2-
B 23 Madaket Road 7/1/2022 $4,000,000 0.0 Conventional 2,033 0.72 3 2-
C 33 Madaket Road 12/14/2020 $5,122,500 0.0 Custom Built 4,453 1.18 4 6-1
D 21-R Madaket Road 7/26/2011 $0 0.0 Colonial 6,343 1.3 7 4-2
E 21 Madaket Road 9/15/2014 $2,750,000 0.1 Custom Built 2,468 0.37 4 3-2
F 24 Madaket Road 1/13/2005 $0 0.1 Cape Cod 1,622 0.77 3 2-
G 22 Madaket Road 10/9/2013 $865,000 0.1 Cape Cod 1,882 0.1 3 4-
H 16 Meadow Lane 12/29/2016 $0 0.1 Colonial 6,198 0.57 7 4-1
I 32 Madaket Road 5/19/2008 $0 0.1 Cape Cod 3,189 0.55 5 3-
J 37 Madaket Road 9/16/2019 $1,400,000 0.1 Ranch 1,396 0.61 3 2-
K 14 Meadow Lane 5/5/2017 $1,650,000 0.1 Ranch 1,294 0.49 2 1-
L 5 Dukes Road 1/13/2005 $0 0.1 Vacant Land 0.28 -
M 19 Madaket Road 5/17/1993 $211,500 0.1 Ranch 1,168 0.76 2 1-1
N 34 Madaket Road 8/23/2011 $0 0.1 Colonial 2,818 0.51 4 4-
O 18 Meadow Lane 10/30/2019 $1,862,250 0.1 Colonial 3,364 0.46 3 3-
P 12 Meadow Lane-Lot 601 1/7/2013 $675,000 0.1 Vacant Land 0.47 -
Q 36 Grove Lane 12/5/2017 $85,000 0.1 Vacant Land 1.83 -
R 17 Madaket Road 10/19/2018 $1,413,750 0.1 Cape Cod 3,265 0.5 3 3-1
S 39 Madaket Road 5/7/2018 $0 0.1 Cape Cod 1,512 0.57 3 3-
T 36 Madaket Road 12/16/1994 $0 0.1 Cape Cod 1,968 0.5 3 2-
U 40 Grove Lane 6/20/2018 $1,650,000 0.1 Vacant Land 1.8 -
V 35 Madaket Road 6/20/2018 $1,650,000 0.1 Ranch 1,707 3.79 2 3-1
W 2 Dukes Road 11/2/2023 $5,501,100 0.1 Colonial 1,435 1.7 3 2-
X 4 Dukes Road 12/17/2021 $1,700,000 0.1 Colonial 1,911 0.47 4 3-
Y 15 Hedgebury Lane 11/6/2020 $3,061,250 0.1 Custom Built 2,740 0.46 4 4-1
Z 9 Dukes Road 7/1/2013 $0 0.1 Cape Cod 1,294 0.5 4 1-1
- 17 Meadow Lane 5/18/2004 $975,000 0.1 Ranch 2,350 0.49 2 2-
- 12 Meadow Lane 3/30/2012 $1,725,000 0.1 Colonial 3,494 0.63 4 2-1
- 38 Grove Lane 12/5/2017 $85,000 0.1 Vacant Land 1.16 -
- 38 Madaket Road 7/1/2010 $500,000 0.1 Vacant Land 0.5 -
- 13 Hedgebury Lane 10/1/2021 $6,160,000 0.1 Custom Built 3,447 0.47 5 5-1
- 6 Dukes Road 8/29/2012 $0 0.1 Conventional 1,652 0.47 4 2-
- 15 Meadow Lane 10/25/2018 $0 0.1 Ranch 1,968 0.55 3 2-
- 15-B Madaket Road $0 0.1 Colonial 2,057 0.51 4 4-1
- 11 Dukes Road $0 0.1 Colonial 1,908 0.5 4 2-1
- 11 Hedgebury Lane 5/16/2019 $5,050,000 0.1 Custom Built 4,148 0.47 5 6-1
- 8 Dukes Road 12/21/2020 $0 0.1 Colonial 1,408 0.47 3 1-1
- 40 Madaket Road 4/2/2004 $0 0.1 Cape Cod 1,482 0.5 3 1-1
Averages 3606 days $1,265,588 0.09 --- 2,188 0.74 --- ---  
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
41 408 31 Madaket Road