7 Salem Street, Nantucket, MA 02554

7 Salem Street Nantucket MA 02554
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Owner Information
Owner 1
Nir Salem St LLC
Owner 2
Owner's Address
C/O New England Development, 75 Park Plaza #3 Boston, MA 02116
Market Sale Information
Most recent sale date
12/8/2020
Previous sale date
09/25/1996
Transfer document #
1786-186
Previous transfer document
C0017-0520
Grantor
Richard J McCready
Previous grantor
Winthrop Nantucket L P
Most recent sale price
$8,159,800.00
Previous sale price
$0.00
Site Information
Property ID
4231-141
Lot Size
0.13
Use Code
32 - Multiple Use Property
Zoning
RC
Building Style
Store
Number of Rooms
Stories
2
Number of Beds
2
Year Built
1975
Number of full baths
1
Condition
Number of half baths
1
Finished Area
4103
Number of Kitchen
Gross Living Area
6639
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
Electric
Roof Cover
Asph/F Gls/Cmp
Heating fuel
Forced Air-Duc
Frame type
Wood Frame
Air Condition (%)
Sidings
Wood Shingle
Assessment Information
Fiscal Year
2024
Land Value
$2,437,500.00
Total value
$3,762,200.00
Building value
$1,324,700.00
Estimated tax
$19,939.00
Yard improvement value
$0.00
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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 7 Salem Street Photo Plan Map Proximity Last Sold Price Net Living Area Stories Sale Price/sft $1,988.74 Style Store Age 1975 Rooms Bedrooms 2 Full baths 1 Half baths 1 Gross Living Area 6639 Heating Fuel Forced Air-Duc Detached Garage Lot Size 0.13 Roof Cover Asph/F Gls/Cmp AEM Value - Building $1,324,700.00 AEM Value - Land $2,437,500.00 AEM Value - Other $0.00 AEM Value - Total $3,762,200.00
# Address Last Sold Sale Price Dist(m) Style LA (sq ft) Lot(ac) BR F-HB
@ 7 Salem Street 12/8/2020 $8,159,800 0 Store 4,103 0.13 2 1-1 -
  Criteria

Estimation of Market Value

No comparable properties were found using the default criteria. Please click on the columns in the Comparables table and expand the criteria until at least 3 comparable properties are identified

 

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 Salem Street 12/8/2020 $8,159,800 0 Store 4,103 0.13 2 1-1 -
  Criteria
A 9 Salem Street-Lot 229 12/8/2020 $8,159,800 0.0 Vacant Land 0.06 -
B 3 Salem Street 12/8/2020 $1,986,500 0.0 Store 2,178 0.05 0 2-
C 5 Candle Street $0 0.0 Light Indust 6,624 0.44 0 2-
D 15 Candle Street 6/22/2005 $55,000,000 0.0 Vacant Land 0.22 -
E 8 Washington Street 12/30/1988 $0 0.0 Aptovrret/Off 4,340 0.13 2 3-
F 2 Washington Street 6/22/2005 $55,000,000 0.0 Aptovrret/Off 4,940 0.1 4 4-
G 1 Salem Street 10/7/2008 $1,750,000 0.0 Aptovrret/Off 1,371 0.05 1 1-1
H 0 Straight Wharf 12/8/2020 $151,000 0.0 Vacant Land 0.09 -
I 10 Washington Street 7/22/2022 $4,750,000 0.0 Store 2,040 0.12 3-
J 0 Main Street 6/22/2005 $55,000,000 0.0 Aptovrret/Off 7,519 0.11 -
K 6 Commercial Street $0 0.0 Vacant Land 0.16 -
L 12 Washington Street 7/22/2022 $4,750,000 0.0 Vacant Land 0.1 -
M 6 Union Street 3/10/1999 $1,650,000 0.0 Aptovrret/Off 6,608 0.18 5 9-
N 1 Candle Street $0 0.0 Vacant Land 0.2 -
O 2 Union Street 10/29/2019 $2,850,000 0.0 Store 2,788 0.04 0 2-
P 2 New Whale Street 12/8/2020 $8,159,800 0.0 Vacant Land 0.51 -
Q 16 Main Street 3/21/2016 $0 0.0 Store 4,488 0.05 0 2-
R 2 Straight Wharf 12/17/2021 $0 0.1 Aptovrret/Off 7,800 0.14 3 3-
S 1 Main Street 6/22/2005 $55,000,000 0.1 Restaurant 4,360 0.07 0 4-
T 15 Main Street $0 0.1 Profess. Bldg 3,528 0.04 0 2-
U 6 Straight Wharf $0 0.1 Retail Condo 884 0 0 2-
V 6-A Straight Wharf 6/7/2016 $0 0.1 Condominium 484 0 1 1-
W 8 Straight Wharf 1/23/2008 $0 0.1 Retail Condo 1,221 0 0 2-
X 2 Commercial Street-Lot 94 $0 0.1 Vacant Land 0.01 -
Y 10 Straight Wharf 4/29/2016 $1,850,000 0.1 Store 2,064 0.05 0 1-
Z 10 New Whale Street $0 0.1 Light Indust 1,768 1.31 0 0-
- 11 Washington Street 6/3/2021 $3,400,000 0.1 Aptovrret/Off 2,662 0.07 1 1-1
- 4 Commercial Street $0 0.1 Vacant Land 0.03 -
- 3 Union Street $0 0.1 Telephone Bldg 5,265 0.37 0 2-
- 12 Straight Wharf 8/27/1984 $0 0.1 Store 3,528 0.07 0 2-
- 17 Washington Street 2/16/2016 $800,000 0.1 Antique 1,456 0.05 3 1-1
- 19 Washington Street 2/27/1996 $170,000 0.1 Store 1,850 0.03 0 0-
- 30 Main Street $0 0.1 Fraternal Lodge 7,533 0.09 0 2-
- 15 Washington Street 12/15/2020 $1,700,000 0.1 Store 1,136 0.07 0 0-
- 8 Union Street $0 0.1 Condominium 1,935 0 5 2-
- 7 Union Street 3/24/1998 $910,000 0.1 B+B/Inn 5,919 0.19 14 9-
- 17-A Washington Street 10/17/2005 $1,400,000 0.1 Cottage 543 0.07 1 1-
- 16 Straight Wharf 6/22/2005 $55,000,000 0.1 Store 2,428 0.07 0 2-
- 1-R Old North Wharf 1/26/2017 $1,550,000 0.1 Conventional 1,076 0.04 1 1-1
- 21 Washington Street $0 0.1 Clubs/Lodges 7,084 0.12 0 2-
- 4 Easy Street 5/8/2024 $2,600,000 0.1 Store 1,764 0.06 0 2-
- 5-A South Water Street 10/22/1997 $0 0.1 Retail Condo 687 0 0 0-
- 21 Main Street 6/22/2005 $55,000,000 0.1 Retail Condo 1,413 0 0 2-
- 5 Coffin Street 10/23/2009 $0 0.1 Vacant Land 0.03 -
- 7 Old North Wharf 5/6/2008 $2,750,000 0.1 Wharf Cottage 2,206 0.08 4 3-
- 1 New Whale Street 6/22/2005 $55,000,000 0.1 Vacant Land 0.07 -
- 11 New Whale Street 6/22/2005 $55,000,000 0.1 Store 5,805 0.07 0 2-
- 20 Straight Wharf 6/5/2012 $3,420,000 0.1 Restaurant 7,134 0.07 2 3-
- 32 Main Street 9/21/2005 $15,473,000 0.1 Aptovrret/Off 5,498 0.07 3 6-
- 23 Washington Street 8/4/1986 $0 0.1 Restaurant 3,632 0.11 0 2-
- 10 Still Dock 2/4/2020 $2,225,000 0.1 Wharf Cottage 1,425 0.04 2 2-1
- 3 Coffin Street $82,800 0.1 Colonial 1,380 0.03 4 2-
- 23 Main Street 10/27/2016 $0 0.1 Store 1,536 0.04 0 1-
- 9 Union Street 7/15/2021 $5,100,000 0.1 Antique 3,378 0.08 5 4-2
- 15 Old North Wharf 5/1/1982 $0 0.1 Wharf Cottage 880 0.02 3 1-1
- 10 Union Street 9/4/2020 $3,850,000 0.1 Antique 2,737 0.28 5 4-
- 14 Still Dock 9/4/2020 $1,225,000 0.1 Condominium 745 0 2 1-
- 34 Main Street 6/22/2005 $55,000,000 0.1 Store 8,033 0.1 0 2-
- 4 South Water Street 9/21/2005 $15,473,000 0.1 Store 1,704 0.03 0 2-
- 3 North Union Street 6/22/2005 $55,000,000 0.1 Retail Condo 1,720 0 2-
- 17 Old North Wharf 8/13/2021 $0 0.1 Wharf Cottage 1,500 0.01 1 2-
- 12 New Whale Street $0 0.1 Commercial 288 0.12 1 1-
- 1 Stone AL 12/16/1999 $0 0.1 Family Conver. 3,627 0.13 5 2-
- 6 Coffin Street 12/12/2002 $0 0.1 Aptovrret/Off 2,562 0.11 1 2-
- 6 Easy Street 3/10/2014 $22,700 0.1 Vacant Land 0.01 -
- 31 Main Street 2/14/2007 $0 0.1 Store 7,138 0.08 0 2-
- 9 Coffin Street 11/26/2019 $750,000 0.1 Bungalow 1,151 0.19 1 1-
- 21 Old North Wharf 1/16/2018 $3,250,000 0.1 Wharf Cottage 1,202 0.03 2 2-
- 4 Old North Wharf 12/24/2002 $0 0.1 Warehouse 1,078 0.02 1-
- 3 Commercial Street 6/20/2014 $15,500,000 0.1 Cape Cod 752 0.51 1 1-
- 6 Old North Wharf 7/8/2016 $3,995,000 0.1 Wharf Cottage 1,200 0.02 3 2-1
- 7 Easy Street 10/10/2012 $0 0.1 Aptovrret/Off 1,539 0.09 2 2-
- 10 Easy Street 12/4/2023 $3,800,000 0.1 Colonial 2,384 0.11 2 3-
- 11 Union Street 4/6/2018 $2,222,000 0.1 Antique 2,008 0.05 4 4-1
- 12 Old North Wharf 2/21/1997 $0 0.1 Wharf Cottage 486 0.05 1 1-
- 10 Old North Wharf 6/23/2015 $0 0.1 Wharf Cottage 1,316 0.02 4 2-
- 3 Federal Street $0 0.1 Churches 4,615 0.13 0 2-
- 38 Main Street 6/22/2005 $55,000,000 0.1 Store 7,112 0.14 1 3-
- 14 Union Street 5/7/2021 $1,408,000 0.1 Antique 2,264 0.09 5 2-
- 7 Coffin Street 3/25/2020 $1,650,000 0.1 Colonial 2,268 0.12 2 2-1
- 13 Commercial Wharf 7/14/2021 $5,350,000 0.1 Colonial 2,576 0.18 2 2-1
- 25-B Washington Street 8/15/2019 $0 0.1 Aptovrret/Off 1,695 0.11 1 2-
- 14 Old North Wharf 6/12/1998 $0 0.1 Wharf Cottage 343 0.04 1 1-
- 0 Old South Wharf 6/22/2005 $55,000,000 0.1 Commercial 336 0.51 0 0-
- 2 Stone AL 11/2/2012 $1,600,000 0.1 Antique 997 0.17 2 1-1
- 15 Commercial Wharf 10/22/2020 $2,950,000 0.1 Aptovrret/Off 1,364 0.08 1 1-1
- 16 Union Street 9/27/2022 $0 0.1 Antique 2,815 0.1 4 3-1
- 24 Washington Street 9/15/2006 $10,150,000 0.1 Family Duplex 2,914 0.15 2 1-
- 16 Old North Wharf 7/14/2000 $1,600,000 0.1 Wharf Cottage 393 0.02 1 1-
- 46 Main Street 5/14/1998 $0 0.1 Store 555 0.02 0 2-
- 6 Orange Street $0 0.1 Antique 5,483 0.37 4 3-
- 11 South Water Street 6/22/2005 $55,000,000 0.1 Store 3,329 0.1 0 2-
- 13 Union Street 10/1/2018 $1,700,000 0.1 Antique 4,890 0.11 5 6-1
- 18 Old North Wharf 11/16/2018 $5,800,000 0.1 Wharf Cottage 889 0.04 2 2-
- 25-C Washington Street 6/25/2021 $2,410,000 0.1 Colonial 1,782 0.11 3 2-1
- 10 Orange Street 5/29/2014 $5,150,000 0.1 Antique 4,531 0.15 5 6-1
- 8 Coffin Street 3/12/2018 $0 0.1 Bungalow 476 0.21 1 1-
- 48 Main Street 3/1/1999 $0 0.1 Store 2,320 0.03 0 2-
- 33 Main Street 10/26/2012 $4,500,000 0.1 Store 3,150 0.03 1 2-
- 14-R Orange Street 9/26/2002 $2,850,000 0.1 Antique 3,363 0.18 4 4-1
- 17 Commercial Wharf 10/5/2004 $4,100,000 0.1 Vacant Land 0.16 -
- 18 Union Street 12/6/2016 $3,835,000 0.1 Antique 3,060 0.1 6 6-
- 7 Federal Street $0 0.1 Post Office 4,544 0.12 0 2-
- 2 Orange Street 1/21/2014 $10,730,000 0.1 Finan Inst. 2,533 0.07 0 2-
- 20 Old North Wharf 3/26/1998 $200,000 0.1 Clubs/Lodges 400 0.02 1-
- 10 Coffin Street 12/21/2011 $0 0.1 Cape Cod 1,310 0.12 3 2-
- 35 Main Street 12/20/2012 $3,600,000 0.1 Aptovrret/Off 2,750 0.04 2 2-
- 15 South Water Street 9/21/2005 $4,027,000 0.1 Restaurant 3,590 0.15 0 3-
- 50 Main Street 2/4/1999 $2,250,000 0.1 Store 2,360 0.03 0 2-
- 22 Old North Wharf 1/30/2014 $0 0.1 Cooperative 690 0.02 1 1-1
- 8 Orange Street $0 0.1 Antique 2,420 0.05 4 2-
- 26 Washington Street 7/16/2014 $3,900,000 0.1 Aptovrret/Off 3,180 0.19 2 2-
- 23 Old North Wharf 4/10/2002 $0 0.1 Commercial 328 0.01 0 0-
- 0 New Whale Street 10/5/2004 $4,100,000 0.1 Vacant Land 0.02 -
- 37 Main Street 4/30/1998 $2,000,000 0.1 Office Bldg 2,384 0.03 0 2-
- 15 Union Street 10/13/2022 $0 0.1 Antique 2,821 0.08 4 4-1
- 18 Coffin Street 10/7/2005 $1,925,000 0.1 Antique 2,910 0.11 3 4-
- 54 Main Street 1/4/2008 $3,200,000 0.1 Store 1,680 0.03 0 3-
- 12 Orange Street 11/6/2009 $4,250,000 0.1 Antique 3,529 0.1 6 4-1
- 28 Washington Street 11/17/2010 $3,450,000 0.1 Commercial 492 0.13 0 1-
- 41 Main Street 12/28/2006 $0 0.1 Restaurant 3,450 0.04 0 3-
- 16 Orange Street 9/6/2017 $6,400,000 0.1 Antique 4,110 0.11 5 3-4
- 25 Old North Wharf 10/31/2017 $5,450,000 0.1 Wharf Cottage 1,200 0.04 2 1-1
- 25-R Washington Street $0 0.1 Vacant Land 0.04 -
- 17 South Water Street 10/3/2007 $9,800,000 0.1 Theaters Encl. 16,184 0.31 3-
- 4 Federal Street 6/22/2005 $55,000,000 0.1 Aptovrret/Off 1,197 0.03 0 2-
- 21 Commercial Wharf 4/16/2002 $0 0.1 Conventional 1,655 0.03 3 2-
- 45 Main Street 6/1/1984 $400,000 0.1 Store 2,770 0.04 0 2-
- 1 India Street $0 0.1 Library 3,602 0.29 0 0-
- 27 Washington Street 7/15/1993 $0 0.1 Cottage 441 0.32 1 1-
- 14 Orange Street 12/21/2021 $0 0.1 Mansion 3,232 0.11 5 4-1
- 24 Old North Wharf 9/20/2021 $6,666,667 0.1 Wharf Cottage 964 0.03 3 2-1
- 8 Federal Street 7/1/1985 $0 0.1 Office Bldg 1,666 0.07 0 2-
- 30-A Washington Street 11/17/2010 $1,725,000 0.1 Vacant Land 0.13 -
- 17 Union Street 8/31/1984 $600,000 0.1 Antique 3,166 0.07 4 2-1
- 0 Straight Wharf 6/22/2005 $55,000,000 0.1 Restaurant 2,059 1.45 0 2-
- 20 Union Street 10/21/1997 $840,000 0.1 Antique 4,997 0.29 4 3-1
- 47 Main Street 10/10/2007 $4,500,000 0.1 Store 3,570 0.03 0 2-
- 18 Orange Street 2/21/2012 $5,500,000 0.1 Antique 3,218 0.24 5 3-2
- 10 Federal Street 6/22/2005 $55,000,000 0.1 Aptovrret/Off 1,990 0.07 0 2-
- 12 Coffin Street 11/5/2014 $3,525,000 0.1 Antique 3,578 0.48 4 3-1
- 51 Main Street 11/13/2015 $3,700,000 0.1 Store 2,852 0.03 0 2-
Averages 5441 days $8,137,446 0.08 --- 2,498 0.12 --- ---  
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
4231 141 7 Salem Street