3 New Mill Street, Nantucket, MA 02554

3 New Mill Street Nantucket MA 02554
Owner Information
Owner 1
Mark J Welshimer & Rosanne M
Owner 2
Owner's Address
34 Sunny Brook Rd Bronxville, NY 10708
Market Sale Information
Most recent sale date
6/28/2002
Previous sale date
11/20/2000
Transfer document #
00763-0280
Previous transfer document
00677-0261
Grantor
Frank W Laroe
Previous grantor
Richard J Glidden
Most recent sale price
$2,300,000.00
Previous sale price
$675,000.00
Site Information
Property ID
4233-190
Lot Size
0.12
Use Code
101 - Residential, single family
Zoning
ROH
Building Style
Colonial
Number of Rooms
Stories
2.5
Number of Beds
5
Year Built
2000
Number of full baths
4
Condition
Number of half baths
1
Finished Area
3198
Number of Kitchen
1
Gross Living Area
5886
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
Oil
Roof Cover
Asph/F Gls/Cmp
Heating fuel
Hot Water
Frame type
Air Condition (%)
Sidings
Wood Shingle
Assessment Information
Fiscal Year
2024
Land Value
$2,224,100.00
Total value
$4,496,600.00
Building value
$2,272,500.00
Estimated tax
$14,074.00
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 3 New Mill Street Photo Plan Map Proximity Last Sold Price Net Living Area Stories Sale Price/sft $719.20 Style Colonial Age 2000 Rooms Bedrooms 5 Full baths 4 Half baths 1 Gross Living Area 5886 Heating Fuel Hot Water Detached Garage Lot Size 0.12 Roof Cover Asph/F Gls/Cmp AEM Value - Building $2,272,500.00 AEM Value - Land $2,224,100.00 AEM Value - Other $0.00 AEM Value - Total $4,496,600.00
A) 1 Farmer Street 0.3 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
B) 45 Fair Street 0.3 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
C) 25 Union Street 0.4 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
D) 16 Back Street 0.5 8/29/2024 $3,295,000 2,946 1.75 $1118.47 Antique 1900 4 3 3339 Forced Air-Duc 0.12 Asph/F Gls/Cmp $1,400,300 $821,400 $0 $2,221,700
E) 101 Orange Street 0.5 9/9/2024 $3,150,000 2,533 1.75 $1243.58 Antique 1825 4 3 1 4300 Hot Water 0.19 Wood Shingle $1,450,900 $1,018,100 $0 $2,469,000
F) 20 West Chester Street 0.5 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
G) 24 Walsh Street 0.8 9/6/2024 $6,350,000 2,758 2.5 $2302.39 Antique 1840 5 5 1 3742 Forced Air-Duc 0.11 Wood Shingle $2,136,900 $2,197,500 $0 $4,334,400
# Address Last Sold Sale Price Dist(m) Style LA (sq ft) Lot(ac) BR F-HB
@ 3 New Mill Street 6/28/2002 $2,300,000 0 Colonial 3,198 0.12 5 4-1 -
  Criteria
A 1 Farmer Street 5/10/2024 $3,600,000 0.3 Antique 2,430 0.06 3 3-1
B 45 Fair Street 5/8/2024 $4,800,000 0.3 Custom Built 2,854 0.07 4 4-1
C 25 Union Street 8/19/2024 $2,365,000 0.4 Antique 3,537 0.14 5 2-1
D 16 Back Street 8/29/2024 $3,295,000 0.5 Antique 2,946 0.12 4 3-
E 101 Orange Street 9/9/2024 $3,150,000 0.5 Antique 2,533 0.19 4 3-1
F 20 West Chester Street 6/17/2024 $6,995,000 0.5 Custom Built 3,287 0.28 4 4-2
G 24 Walsh Street 9/6/2024 $6,350,000 0.8 Antique 2,758 0.11 5 5-1
Averages 64 days $4,365,000 0.47 --- 2,906 0.14 --- ---  

Estimation of Market Value - $5,007,523

As of today, 09/20/2024, the estimated market value of 3 New Mill Street, Nantucket considering the above 7 comparable properties is $5,007,523.

 

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
@ 3 New Mill Street 6/28/2002 $2,300,000 0 Colonial 3,198 0.12 5 4-1 -
  Criteria
A 18 Milk Street 5/15/2017 $4,253,600 0.0 Antique 3,749 0.32 5 3-1
B 5 New Mill Street 8/16/2013 $1,500,000 0.0 Antique 3,331 0.18 4 3-
C 22 Milk Street 1/21/2016 $0 0.0 Antique 2,411 0.23 3 3-1
D 6 New Mill Street 12/18/2012 $0 0.0 Colonial 2,880 0.13 5 4-1
E 10 New Mill Street 4/11/2017 $0 0.0 Antique 2,236 0.16 3 3-1
F 7 New Mill Street 9/28/2022 $3,550,000 0.0 Antique 2,283 0.11 4 3-1
G 15 Milk Street 12/17/2015 $1,740,000 0.0 Antique 2,219 0.15 5 4-
H 4 New Mill Street 8/5/2014 $0 0.0 Antique 2,955 0.16 5 4-1
I 12 New Mill Street 11/20/2020 $0 0.0 Conventional 816 0.09 2 1-1
J 11 Milk Street 6/10/2013 $0 0.0 Antique 2,440 0.1 3 4-1
K 7 Green Lane 11/15/2019 $2,370,000 0.0 Colonial 2,832 0.1 4 4-2
L 9 New Mill Street 2/10/2000 $665,000 0.0 Antique 2,812 0.12 5 4-1
M 10 Prospect Street 9/6/2016 $1,125,000 0.0 Bungalow 1,281 0.1 2 2-1
N 12 Prospect Street 3/25/2010 $740,000 0.0 Cape Cod 1,575 0.07 3 2-
O 14 New Mill Street 10/12/2021 $3,200,000 0.0 Antique 2,076 0.14 5 4-1
P 2 New Mill Street 11/15/2005 $0 0.0 Colonial 2,193 0.23 4 3-
Q 21 Milk Street 9/28/2020 $2,920,000 0.0 Antique 3,154 0.34 4 3-1
R 26 Milk Street 10/3/2019 $3,600,000 0.0 Antique 2,473 0.24 4 3-1
S 5 Green Lane 3/14/2018 $0 0.0 Colonial 1,494 0.07 3 2-1
T 8 Prospect Street 3/11/2014 $710,000 0.0 Ranch 756 0.16 2 2-
U 19-A Mill Street 5/9/1994 $0 0.0 Antique 2,583 0.19 5 4-
V 15 Mill Street 10/14/2020 $3,125,000 0.0 Antique 3,179 0.28 5 5-1
W 14 Milk Street 3/11/2013 $0 0.0 Antique 2,532 0.19 4 2-1
X 17 Mill Street 12/16/2002 $0 0.0 Antique 2,200 0.19 4 3-
Y 23 Milk Street 12/10/2003 $1,250,000 0.1 Antique 1,918 0.12 3 3-2
Z 2 Green Lane 6/10/2013 $0 0.1 Ranch 1,102 0.2 1 1-
- 21 Mill Street 2/6/2001 $0 0.1 Antique 1,476 0.12 3 3-
- 17 Prospect Street 10/19/2023 $2,845,000 0.1 Antique 2,062 0.17 4 3-1
- 6 Prospect Street 11/7/2002 $802,000 0.1 Antique 2,592 0.18 4 4-
- 13 Mill Street 10/14/2020 $3,125,000 0.1 Vacant Land 0.08 -
- 19 Prospect Street 9/22/2003 $0 0.1 Vacant Land 0.11 -
- 12 Milk Street 11/17/2022 $4,250,000 0.1 Antique 4,255 0.16 4 4-1
- 28 Milk Street $0 0.1 Antique 2,646 0.09 5 3-
- 6 Green Lane 5/16/2013 $1,470,000 0.1 Antique 1,515 0.08 3 2-1
- 2 Vestal Street $0 0.1 Vacant Land 0.12 -
- 5 Copper Lane 6/26/2003 $0 0.1 Colonial 2,106 0.08 2 3-1
- 25 Milk Street 2/24/2015 $0 0.1 Antique 1,208 0.08 2 1-1
- 4 Vestal Street $0 0.1 Dormitory 2,882 0.12 4 2-1
- 11 Prospect Street 2/25/1991 $315,000 0.1 Antique 2,169 0.12 5 3-
- 3 New Dollar Lane 12/31/1992 $100,000 0.1 Outbuildings 0.09 -
- 8 Copper Lane 5/23/2014 $2,250,000 0.1 Custom Built 2,693 0.08 4 4-1
- 5 New Dollar Lane 12/18/2009 $2,850,000 0.1 Antique 2,739 0.28 5 5-
- 7 Milk Street $0 0.1 Antique 4,718 0.21 3 3-
- 1 Joy Street 9/10/2014 $725,000 0.1 Conventional 864 0.07 3 1-
- 21 Prospect Street 3/23/2021 $0 0.1 Antique 1,271 0.12 3 2-
- 27 Milk Street 10/9/2018 $1,275,000 0.1 Antique 1,368 0.06 2 2-
- 8 Vestal Street 10/14/2011 $0 0.1 Colonial 4,181 0.12 6 5-1
- 6 Vestal Street 9/15/2000 $925,000 0.1 Antique 1,890 0.07 4 3-
- 10 Milk Street 5/10/2019 $0 0.1 Antique 3,352 0.1 5 4-1
- 11 New Mill Street 12/17/2012 $0 0.1 Antique 3,112 0.1 3 2-
- 9 Prospect Street 3/2/2022 $0 0.1 Antique 1,288 0.09 4 3-
- 16 Mill Street 10/30/2020 $159,300 0.1 Custom Built 2,656 0.2 4 4-
- 6 Copper Lane 5/30/2008 $0 0.1 Cape Cod 1,601 0.11 3 2-1
- 14 Mill Street 1/10/2018 $920,000 0.1 Vacant Land 0.11 -
- 16 New Mill Street 10/2/2007 $1,690,000 0.1 Colonial 1,587 0.12 3 2-1
- 2 Prospect Street 11/1/2023 $2,200,000 0.1 Antique 2,046 0.14 3 1-
- 18 Mill Street 11/14/2022 $7,180,000 0.1 Custom Built 4,376 0.16 4 4-1
- 10 Vestal Street 9/21/2020 $2,575,000 0.1 Custom Built 2,643 0.11 4 4-1
- 7 Prospect Street $0 0.1 Antique 2,219 0.1 4 3-
- 11 Mill Street-Lot 32 10/25/2019 $0 0.1 Antique 4,387 0.29 5 3-1
- 16 Prospect Street 10/9/2009 $537,500 0.1 Antique 1,284 0.13 2 2-
- 4 Joy Street 4/3/2012 $0 0.1 Conventional 1,036 0.18 2 2-
- 12 Mill Street 1/10/2018 $920,000 0.1 Vacant Land 0.11 -
- 29 Milk Street 6/30/2022 $3,164,165 0.1 Antique 1,831 0.13 4 2-1
- 23 Prospect Street $952,000 0.1 Antique 1,426 0.12 3 5-
- 1 Vestal Street $0 0.1 Antique 5,286 0.15 3 1-1
- 5 Prospect Street 9/16/2013 $0 0.1 Antique 2,289 0.1 4 3-
- 5 Milk Street 4/25/2022 $5,000,000 0.1 Antique 5,039 0.18 6 4-3
- 3 Copper Lane 6/26/2003 $0 0.1 Gar/Apt Res 496 0.11 2 1-
- 5 Vestal Street 12/5/2002 $737,000 0.1 Antique 1,779 0.09 2 2-1
- 18 New Mill Street 5/9/2018 $0 0.1 Cape Cod 2,219 0.12 3 2-1
- 14 Vestal Street 6/26/2015 $3,100,000 0.1 Colonial 2,816 0.12 6 5-1
- 2 New Dollar Lane 6/29/2007 $1,650,000 0.1 Vacant Land 0.12 -
- 3 Joy Street 11/18/2014 $2,000,000 0.1 Antique 2,424 0.25 3 2-1
- 16 Vestal Street 7/18/2007 $1,445,000 0.1 Antique 2,212 0.12 4 4-1
- 4 New Dollar Lane 7/1/1998 $0 0.1 Antique 4,368 0.39 5 5-1
- 3 Prospect Street 12/20/2001 $0 0.1 Antique 1,856 0.11 3 1-1
- 8 Milk Street 6/21/2005 $2,450,000 0.1 Antique 2,423 0.15 4 4-1
- 1 Prospect Street 5/27/2010 $0 0.1 Bungalow 1,190 0.08 3 1-
- 7 Vestal Street $0 0.1 Antique 1,996 0.12 3 2-
- 1 Prospect Street-Lot 2 5/27/2010 $0 0.1 Vacant Land 0.01 -
- 25 Prospect Street 12/10/2012 $0 0.1 Cape Cod 1,046 0.16 2 1-1
- 10 Mill Street 5/1/1997 $0 0.1 Vacant Land 0.33 -
- 26 Prospect Street 1/8/2018 $1,093,000 0.1 Antique 1,613 0.11 3 2-1
- 2 Copper Lane 1/20/2017 $1,575,000 0.1 Cape Cod 1,364 0.13 3 2-
- 24 Mill Street 6/29/2017 $2,275,000 0.1 Antique 2,701 0.14 5 3-
- 10-R Mount Vernon Street 11/30/2010 $850,000 0.1 Bungalow 934 0.05 3 1-1
- 3 Milk Street 5/3/2023 $5,300,000 0.1 Antique 2,327 0.13 4 3-1
- 30 Milk Street 7/19/2011 $0 0.1 Antique 1,548 0.09 3 2-
- 33 Milk Street 12/27/2019 $1,200,000 0.1 Antique 2,860 0.18 5 5-
- 9 Mill Street 1/15/1997 $0 0.1 Antique 2,676 0.12 4 4-
- 27 Mill Street 11/17/2003 $1,425,000 0.1 Cottage 392 0.12 1 1-
- 9 Vestal Street 5/12/2003 $1,800,000 0.1 Antique 3,092 0.16 4 3-
- 3 North Mill Street 9/30/2022 $0 0.1 Antique 2,563 0.26 5 3-
- 6 Joy Street $0 0.1 Conventional 1,802 0.29 5 1-1
- 112 Main Street 12/21/2020 $3,600,000 0.1 Antique 3,344 0.14 5 4-1
- 114 Main Street 2/3/2014 $1,850,000 0.1 Antique 3,180 0.14 4 2-
- 4 Milk Street 3/23/2016 $0 0.1 Colonial 2,703 0.13 4 2-1
- 1 Copper Lane 10/24/2012 $2,200,000 0.1 Antique 2,589 0.14 3 3-1
- 10 Mount Vernon Street 8/9/1984 $165,000 0.1 Bungalow 1,170 0.11 2 1-
- 11 Vestal Street 8/15/2024 $6,200,000 0.1 Antique 2,450 0.18 3 3-
- 118 Main Street 1/11/2007 $5,300,000 0.1 Conventional 4,330 0.4 4 3-1
- 32 Milk Street 12/28/2017 $0 0.1 Antique 1,888 0.07 3 2-
- 12 Mount Vernon Street 4/27/2007 $0 0.1 Antique 1,842 0.11 5 3-
- 110 Main Street 10/15/2015 $0 0.1 Antique 4,690 0.16 5 7-1
- 2 Milk Street 3/4/2003 $433,152 0.1 Colonial 1,408 0.34 3 2-
- 18 Vestal Street 2/9/2021 $0 0.1 Colonial 4,441 0.25 4 3-1
- 1 Milk Street 11/23/2004 $2,200,000 0.1 Antique 3,165 0.1 4 3-1
- 27 Prospect Street 7/28/2014 $0 0.1 Cape Cod 1,936 0.41 3 2-
- 1 Bloom Street 12/4/2020 $2,180,000 0.1 Antique 2,134 0.13 3 2-2
- 16 Mount Vernon Street 1/19/2007 $0 0.1 Antique 876 0.3 2 1-2
- 14 Mount Vernon Street 9/27/1996 $459,000 0.1 Antique 1,994 0.17 4 3-
- 108 Main Street 3/19/2024 $4,500,000 0.1 Antique 2,005 0.17 6 4-1
- 28 Mill Street 2/11/2011 $975,000 0.1 Antique 1,631 0.11 3 2-1
- 120 Main Street 10/20/2022 $0 0.1 Antique 2,123 0.09 4 2-
- 7 North Mill Street 4/6/2022 $2,380,000 0.1 Vacant Land 0.52 -
- 13-A Vestal Street $0 0.1 Antique 4,462 0.36 4 4-
- 35 Milk Street 11/15/2018 $0 0.1 Antique 3,927 0.18 4 4-1
- 8 Mill Street $737,400 0.1 Antique 3,104 0.11 4 3-
- 5 Mill Street 10/20/2015 $2,215,000 0.1 Antique 4,215 0.17 6 6-1
- 7 Joy Street 10/25/2018 $2,225,000 0.1 Custom Built 1,897 0.11 3 2-
- 8 Mill Hill Lane 2/27/2018 $700,000 0.1 Bungalow 783 0.1 2 1-
- 122 Main Street 11/4/2016 $0 0.1 Antique 4,769 0.11 5 5-2
- 13-B Vestal Street 8/22/1988 $440,000 0.1 Conventional 1,858 0.13 3 2-1
- 0 Copper Lane 7/27/2007 $1,650,000 0.1 Ranch 2,943 0.16 4 4-
- 106 Main Street 8/9/2001 $390,000 0.1 Vacant Land 0.04 -
- 104 Main Street 10/14/2016 $5,600,000 0.1 Custom Built 3,088 0.53 3 3-1
- 2 North Mill Street 9/8/2004 $0 0.1 Antique 1,672 0.12 4 3-
- 16 Candle House Lane 11/2/2017 $1,500,000 0.1 Vacant Land 0.12 -
- 22 Vestal Street 12/2/2022 $1,500,000 0.1 Cottage 629 0.14 1 1-
- 124 Main Street 2/7/2005 $0 0.1 Antique 3,921 0.09 4 4-
- 19 Quaker Road $0 0.1 Colonial 3,823 0.13 6 6-1
- 10 Mill Hill Lane 10/15/2007 $4,460,000 0.1 Custom Built 5,658 0.2 6 5-2
- 4 Starbuck Court 12/12/2022 $2,950,000 0.1 Antique 1,709 0.13 2 1-1
- 18 Mount Vernon Street 12/14/2020 $1,350,000 0.1 Antique 1,328 0.23 2 2-1
- 17 Quaker Road 8/29/2014 $75,000 0.1 Cape Cod 991 0.11 2 2-
Averages 4370 days $1,192,008 0.08 --- 2,198 0.16 --- ---  
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
4233 190 3 New Mill Street