7 Academy Lane, Nantucket, MA 02554

7 Academy Lane Nantucket MA 02554
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Owner Information
Owner 1
Alexander D Hanson & Laura F
Owner 2
Owner's Address
189 Woosamonsa Rd Pennington, NJ 08534
Market Sale Information
Most recent sale date
6/2/2014
Previous sale date
04/12/2010
Transfer document #
01436-0221
Previous transfer document
01226-0329
Grantor
Russell F Warren
Previous grantor
Peter Melhado
Most recent sale price
$5,992,500.00
Previous sale price
$5,100,000.00
Site Information
Property ID
4243-108
Lot Size
0.48
Use Code
109 - Multiple Houses on one parcel
Zoning
ROH
Building Style
Antique
Number of Rooms
Stories
2.5
Number of Beds
6
Year Built
1800
Number of full baths
6
Condition
Number of half baths
Finished Area
4014
Number of Kitchen
1
Gross Living Area
7610
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
Forced Air-Duc
Frame type
Air Condition (%)
Sidings
Clapboard
Assessment Information
Fiscal Year
2024
Land Value
$1,602,700.00
Total value
$7,632,200.00
Building value
$6,029,500.00
Estimated tax
$23,888.00
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 7 Academy Lane Photo Plan Map Proximity Last Sold Price Net Living Area Stories Sale Price/sft $1,492.90 Style Antique Age 1800 Rooms Bedrooms 6 Full baths 6 Half baths Gross Living Area 7610 Heating Fuel Forced Air-Duc Detached Garage Lot Size 0.48 Roof Cover Asph/F Gls/Cmp AEM Value - Building $6,029,500.00 AEM Value - Land $1,602,700.00 AEM Value - Other $0.00 AEM Value - Total $7,632,200.00
A) 15 Woodbury Lane 0.3 12/22/2023 $5,845,000 3,672 2 $1591.78 Colonial 2001 4 4 1 6609 Forced Air-Duc 0.19 Wood Shingle $3,508,900 $2,240,000 $0 $5,748,900
# Address Last Sold Sale Price Dist(m) Style LA (sq ft) Lot(ac) BR F-HB
@ 7 Academy Lane 6/2/2014 $5,992,500 0 Antique 4,014 0.48 6 6- -
  Criteria
A 15 Woodbury Lane 12/22/2023 $5,845,000 0.3 Colonial 3,672 0.19 4 4-1
Averages 179 days $5,845,000 0.30 --- 3,672 0.19 --- ---  

Estimation of Market Value - $7,074,584

As of today, 06/18/2024, the estimated market value of 7 Academy Lane, Nantucket considering the above 1 comparable properties is $7,074,584.

 

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 Academy Lane 6/2/2014 $5,992,500 0 Antique 4,014 0.48 6 6- -
  Criteria
A 11 Academy Lane 12/6/2021 $0 0.0 Antique 2,994 0.15 5 2-
B 9 Academy Lane 10/1/1998 $0 0.0 Colonial 833 0.12 3 3-1
C 13 Academy Lane 11/21/2022 $2,500,000 0.0 Cape Cod 1,775 0.12 2 2-
D 27 Lily Street 2/24/1988 $0 0.0 Antique 2,611 0.09 4 2-
E 25 Lily Street 11/12/2008 $0 0.0 Antique 1,563 0.07 4 2-1
F 29 Lily Street 6/5/2015 $1,769,000 0.0 Antique 1,949 0.08 3 3-1
G 5 Academy Lane 3/31/2021 $0 0.0 Antique 1,578 0.06 3 2-
H 12 Academy Lane 12/18/2020 $2,100,000 0.0 Antique 1,792 0.1 4 3-
I 2 Church Court $0 0.0 Colonial 3,686 0.15 3 4-1
J 23 Lily Street 6/2/2004 $0 0.0 Antique 4,891 0.22 4 3-1
K 12 Westminster Street 6/12/2008 $0 0.0 Antique 2,905 0.12 5 3-
L 10 Academy Lane 8/13/2016 $2,500,000 0.0 Antique 2,328 0.11 4 2-
M 31 Lily Street 8/11/1999 $0 0.0 Antique 2,412 0.11 5 3-
N 3 Academy Lane 5/8/2015 $0 0.0 Antique 2,312 0.11 5 4-1
O 15 Academy Lane 12/28/1999 $0 0.0 Colonial 1,769 0.07 3 2-1
P 8 Academy Lane 6/13/2000 $0 0.0 Antique 1,470 0.05 4 2-
Q 62 Center Street $0 0.0 Churches 19,137 0.76 0 2-
R 6 Academy Lane 12/31/2012 $0 0.0 Antique 1,722 0.05 2 2-
S 32 Lily Street 6/17/1994 $548,000 0.0 Antique 2,486 0.14 4 4-
T 21 Lily Street 11/10/2021 $2,575,000 0.0 Antique 2,128 0.08 4 3-
U 17 Gay Street 7/1/1997 $0 0.0 Antique 1,982 0.06 4 3-
V 17 Academy Lane 8/2/2021 $2,250,000 0.0 Antique 1,318 0.05 3 3-
W 15 Gay Street 2/10/1992 $425,000 0.0 Antique 2,067 0.06 3 2-
X 4 Academy Lane 12/31/2012 $0 0.0 Antique 2,543 0.08 5 2-1
Y 8 Westminster Street 5/31/2011 $0 0.0 Antique 2,669 0.12 4 2-1
Z 11 Gay Street 1/25/2008 $0 0.0 Antique 1,742 0.12 5 2-
- 35 Lily Street 11/5/2021 $0 0.0 Antique 3,485 0.38 5 4-1
- 28 Lily Street 10/10/2018 $3,895,000 0.0 Antique 3,896 0.51 5 4-2
- 9 Gay Street 5/17/2023 $3,747,562 0.1 Antique 2,388 0.07 4 4-1
- 1 Academy Lane 3/6/2003 $2,287,500 0.1 Antique 4,116 0.13 5 4-1
- 60 Center Street 6/20/2013 $0 0.1 Antique 3,044 0.19 4 4-1
- 58 Center Street 9/10/2020 $4,350,000 0.1 Custom Built 2,916 0.17 4 3-1
- 19 Lily Street 5/3/2004 $0 0.1 Antique 3,337 0.21 4 4-1
- 7 Gay Street 11/6/1992 $0 0.1 Antique 1,136 0.07 3 1-1
- 40 Lily Street 1/20/1989 $650,000 0.1 Antique 4,094 0.27 6 5-
- 66 Center Street 7/30/2018 $3,550,000 0.1 B+B/Inn 5,630 0.15 6 10-
- 64 Center Street $0 0.1 Antique 2,872 0.14 3 1-1
- 68 Center Street 5/2/1994 $620,000 0.1 Antique 3,073 0.15 5 4-1
- 5 Gay Street 10/19/1987 $0 0.1 Antique 3,026 0.12 5 3-
- 10 Gay Street 6/28/2021 $2,900,000 0.1 B+B/Inn 4,212 0.1 5 9-1
- 70 Center Street 3/28/2013 $0 0.1 Antique 2,194 0.09 3 3-1
- 56 Center Street 9/16/2011 $3,280,000 0.1 Office Bldg 6,749 0.23 -
- 12 Gay Street 8/13/2013 $0 0.1 Antique 2,651 0.08 4 3-
- 72 Center Street 3/28/2013 $0 0.1 Antique 2,456 0.07 3 3-1
- 8 Gay Street 12/19/2012 $0 0.1 Outbuildings 0.12 -
- 22 Lily Street 12/21/2017 $1,850,000 0.1 Antique 2,769 0.91 5 4-
- 17 Lily Street 3/16/2018 $2,250,000 0.1 Colonial 2,532 0.12 4 3-1
- 36 Lily Street 2/10/2021 $2,250,000 0.1 Vacant Land 0.42 -
- 76-A Center Street 3/16/2022 $1,235,000 0.1 Condominium 716 0 1 1-
- 6 Gay Street 1/29/1993 $370,000 0.1 Antique 2,572 0.09 5 4-
- 36-B Lily Street 2/14/2017 $2,900,000 0.1 Resid Barn 600 0.12 1 1-
- 54 Center Street 9/30/2011 $2,450,000 0.1 Antique 2,668 0.08 3 3-1
- 18 Lily Street 12/1/2023 $4,050,000 0.1 Colonial 3,370 0.18 5 5-1
- 78 Center Street 11/22/2019 $4,450,000 0.1 B+B/Inn 4,463 0.13 10 10-1
- 4 Gay Street 10/23/2023 $4,450,000 0.1 Cape Cod 1,827 0.06 3 3-
- 13 Quince Street 12/22/1995 $0 0.1 Custom Built 1,456 0.05 4 2-1
- 11 Quince Street 4/15/2016 $1,600,000 0.1 Colonial 2,556 0.06 4 4-1
- 15 Lily Street 10/19/2022 $4,895,000 0.1 Cape Cod 3,025 0.12 3 5-1
- 8 Gull Island Lane 10/14/2022 $4,125,000 0.1 Antique 2,487 0.11 3 4-
- 15 Quince Street 11/2/2020 $2,130,000 0.1 Antique 2,728 0.06 6 3-1
- 52 Center Street 9/29/2021 $0 0.1 Antique 2,894 0.09 5 4-
- 43 Center Street 5/24/2019 $0 0.1 Antique 3,059 0.09 8 4-1
- 45 Center Street 8/7/1998 $0 0.1 Antique 3,179 0.1 5 4-
- 80 Center Street 5/27/2016 $0 0.1 Restaurant 2,764 0.1 2 3-
- 47 Center Street 11/12/2014 $2,700,000 0.1 Antique 2,360 0.07 3 3-1
- 49 Center Street 11/30/2004 $115,000 0.1 B+B/Inn 4,146 0.1 10 11-
- 16 Lily Street 9/18/2012 $0 0.1 Antique 2,622 0.21 4 3-1
- 5 Quince Street 12/23/1998 $0 0.1 Antique 3,428 0.1 5 4-
- 82 Center Street 3/17/2021 $1,525,000 0.1 Antique 1,542 0.11 4 4-
- 6 Gull Island Lane 10/15/2019 $1,620,000 0.1 Antique 2,732 0.11 4 6-2
- 13 Lily Street 5/28/2013 $791,574 0.1 Bungalow 582 0.08 2 1-
- 3 Quince Street 9/27/2017 $2,796,101 0.1 Antique 2,368 0.12 4 3-
- 14 Lily Street 9/18/2012 $0 0.1 Antique 1,916 0.08 5 3-
- 7 Gull Island Lane 6/1/2009 $0 0.1 Antique 3,920 1.9 5 5-
- 53 Center Street 10/15/2021 $4,950,000 0.1 Antique 4,269 0.15 5 2-1
- 4 Gay Street-Lot 19 1/29/1996 $0 0.1 Antique 4,280 0.12 5 7-
- 51 Center Street 11/15/1991 $720,000 0.1 Antique 3,556 0.26 5 4-
- 55 Center Street 10/29/2003 $2,300,000 0.1 Antique 1,931 0.16 4 3-1
- 10 Ash Street 12/27/1995 $0 0.1 Antique 2,436 0.11 4 2-1
- 5-A Step Lane Unit 5A 6/16/2016 $0 0.1 Condominium 1,620 0 2 2-
- 5-B Step Lane Unit 5B 9/21/2016 $0 0.1 Condominium 1,458 0 3 3-
- 57 Center Street 11/4/2004 $2,249,000 0.1 Antique 2,510 0.12 4 3-
- 59 Center Street 3/31/2015 $105,000 0.1 Antique 2,506 0.17 5 3-1
- 12 Lily Street 3/7/2005 $0 0.1 Antique 1,464 0.08 2 2-
- 29 Broad Street 7/8/2004 $8,000,001 0.1 Hotel 18,233 0.46 31 31-
- 14 Quince Street $0 0.1 Antique 3,108 0.23 5 4-
- 8 Chester Street 1/18/2019 $2,550,000 0.1 B+B/Inn 3,058 0.07 5 8-
- 51-B Center Street 10/15/2002 $985,000 0.1 Colonial 2,087 0.14 3 2-1
- 16 Quince Street 6/13/2011 $1,275,000 0.1 Antique 1,804 0.06 4 2-1
- 4 Crown Court 11/9/2011 $0 0.1 Colonial 3,347 0.12 5 4-1
- 10 Quince Street 9/10/2021 $3,495,000 0.1 Antique 3,579 0.18 5 3-1
- 61 Center Street 12/20/2021 $6,337,500 0.1 B+B/Inn 5,681 0.24 5 9-
- 50 Center Street 7/8/2004 $8,000,001 0.1 Vacant Land 0.09 -
- 11 Lily Street 2/16/2021 $5,400,000 0.1 Custom Built 2,694 0.13 5 5-2
- 8 Quince Street 12/11/2015 $0 0.1 Antique 1,572 0.06 2 3-
- 6 Chester Street 2/5/2018 $0 0.1 Antique 2,616 0.11 4 4-
- 4 Step Lane 11/14/2019 $0 0.1 Antique 3,249 0.19 6 5-1
- 48 Center Street 1/4/2019 $2,150,000 0.1 Aptovrret/Off 3,316 0.07 7 5-1
- 9 Lily Street 7/1/2022 $3,000,000 0.1 Antique 1,790 0.08 4 3-
- 15 Hussey Street 6/9/1987 $0 0.1 Conventional 1,662 0.14 4 1-1
- 11 Hussey Street 7/24/2020 $4,622,500 0.1 Antique 3,355 0.14 6 6-
- 21 Hussey Street 1/24/2018 $2,275,000 0.1 Colonial 3,800 0.12 4 5-
- 27 Broad Street 7/8/2004 $8,000,001 0.1 B+B/Inn 5,850 0.2 5 9-
- 5 Ash Street 3/6/2017 $3,725,000 0.1 Antique 3,977 0.11 5 5-2
- 19 Hussey Street 8/29/2008 $1,700,000 0.1 Outbuildings 0.02 -
- 3 Step Lane 3/7/2019 $4,148,004 0.1 B+B/Inn 7,463 0.19 20 9-
- 46 Center Street 10/22/2002 $2,100,000 0.1 Aptovrret/Off 3,702 0.09 3 2-
- 5 Chester Street 1/4/2016 $1,600,000 0.1 Antique 2,088 0.1 4 2-1
- 8 Ash Street 10/15/2021 $4,395,000 0.1 Antique 4,615 0.13 5 2-3
- 21 Hussey Street-Lot 98 12/24/2020 $0 0.1 Antique 2,565 0.08 3 2-1
- 6 Ash Lane 6/22/1998 $776,000 0.1 Aptovrret/Off 2,198 0.1 3 3-
- 9 Hussey Street 9/4/2012 $795,000 0.1 Vacant Land 0.12 -
- 24 North Water Street 10/19/2020 $0 0.1 Antique 3,006 0.18 5 5-
- 23 Hussey Street 4/22/2005 $0 0.1 Antique 2,384 0.13 5 1-1
- 7 Hussey Street 9/4/2012 $3,000,000 0.1 Antique 5,859 0.15 7 7-1
- 8 Lily Street 9/25/2007 $2,850,000 0.1 Antique 2,791 0.31 4 4-1
- 4 Quince Street 4/6/2015 $2,337,500 0.1 Antique 2,268 0.08 4 2-1
- 7 Lily Street 2/26/2003 $0 0.1 Antique 1,309 0.12 3 1-1
- 4 Chester Street 12/7/2021 $0 0.1 Colonial 2,101 0.05 4 4-1
- 26 North Water Street 5/8/2018 $4,000,000 0.1 B+B/Inn 5,455 0.13 5 9-
- 20 North Water Street 3/7/2019 $3,191,996 0.1 B+B/Inn 4,352 0.13 14 12-
- 28 North Water Street 10/1/2021 $2,515,000 0.1 Antique 2,462 0.1 4 3-
- 2 Quince Street 10/7/2003 $990,000 0.1 Antique 1,258 0.04 2 2-
- 1 Chester Street 2/5/2021 $2,275,000 0.1 Antique 3,467 0.12 6 4-1
- 1 West Chester Street 9/12/2016 $1,795,000 0.1 Antique 2,024 0.12 4 2-1
- 65 Center Street 5/11/2021 $6,250,000 0.1 Colonial 3,339 0.11 5 4-3
- 6 West Chester Street 3/12/1997 $0 0.1 Cape Cod 1,040 0.34 2 1-1
- 14 North Water Street 9/17/1991 $0 0.1 Antique 2,986 0.17 7 4-1
- 5 Lily Street 5/7/2018 $0 0.1 Antique 1,200 0.22 2 2-
- 18 Hussey Street 11/7/2022 $0 0.1 Colonial 2,130 0.08 4 3-
- 14 Hussey Street 11/8/2022 $5,195,000 0.1 Antique 2,881 0.14 5 4-1
- 25 Broad Street 3/10/2016 $0 0.1 Aptovrret/Off 2,648 0.05 3 5-
- 25 Hussey Street 9/30/2019 $4,925,000 0.1 Antique 3,936 0.32 5 4-1
- 40-B Center Street 8/15/2016 $0 0.1 Condominium 388 0 1 1-
- 20 Hussey Street 8/15/2022 $0 0.1 Antique 2,634 0.11 5 4-1
- 23 Broad Street 6/30/2021 $7,888,000 0.1 Restaurant 8,232 0.23 11 5-
- 5 Hussey Street 1/31/2000 $0 0.1 Antique 1,987 0.1 4 3-
- 6 Lily Street 1/8/2001 $3,650,000 0.1 Custom Built 4,424 0.25 6 6-1
- 4 Ash Street 3/14/2018 $0 0.1 Antique 2,964 0.07 4 4-
- 37 Center Street 7/15/2004 $0 0.1 Office Bldg 2,012 0.03 0 2-
- 2 Ash Lane 12/29/2020 $1,975,000 0.1 Antique 2,112 0.05 4 3-
- 12 Hussey Street 12/1/2023 $4,595,000 0.1 Antique 2,801 0.09 5 2-1
- 12 North Water Street 11/7/2014 $1,572,000 0.1 Antique 1,594 0.09 4 2-
- 2 Cliff Road 4/13/2012 $3,265,000 0.1 Antique 2,977 0.12 5 5-1
- 22 Hussey Street 8/29/2008 $1,700,000 0.1 Antique 3,899 0.07 6 5-
Averages 4495 days $1,642,222 0.08 --- 2,935 0.15 --- ---  
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
4243 108 7 Academy Lane