8 Spruce Street, Nantucket, MA 02554

8 Spruce Street Nantucket MA 02554
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Owner Information
Owner 1
Shane Richard Valero
Owner 2
Poverty Point Realty Trust
Owner's Address
1 Goose Pond Lane Nantucket, MA 02554
Market Sale Information
Most recent sale date
9/27/1996
Previous sale date
09/25/1996
Transfer document #
00516-0032
Previous transfer document
00515-0316
Grantor
Richard J McCready
Previous grantor
Arthur J Halleran
Most recent sale price
$375,000.00
Previous sale price
$0.00
Site Information
Property ID
55-413
Lot Size
0.62
Use Code
101 - Residential, single family
Zoning
RC
Building Style
Colonial
Number of Rooms
Stories
2
Number of Beds
3
Year Built
2000
Number of full baths
4
Condition
Number of half baths
Finished Area
3041
Number of Kitchen
1
Gross Living Area
5920
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
Oil
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
$2,502,000.00
Total value
$4,171,300.00
Building value
$1,669,300.00
Estimated tax
$13,056.00
Yard improvement value
$0.00
Flood Map MassMapper Google Street View
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 8 Spruce Street Photo Plan Map Proximity Last Sold Price Net Living Area Stories Sale Price/sft $123.31 Style Colonial Age 2000 Rooms Bedrooms 3 Full baths 4 Half baths Gross Living Area 5920 Heating Fuel Forced Air-Duc Detached Garage Lot Size 0.62 Roof Cover Asph/F Gls/Cmp AEM Value - Building $1,669,300.00 AEM Value - Land $2,502,000.00 AEM Value - Other $0.00 AEM Value - Total $4,171,300.00
A) 45 Fair Street 0.5 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
B) 1 Farmer Street 0.5 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
# Address Last Sold Sale Price Dist(m) Style LA (sq ft) Lot(ac) BR F-HB
@ 8 Spruce Street 9/27/1996 $375,000 0 Colonial 3,041 0.62 3 4- -
  Criteria
A 45 Fair Street 5/8/2024 $4,800,000 0.5 Custom Built 2,854 0.07 4 4-1
B 1 Farmer Street 5/10/2024 $3,600,000 0.5 Antique 2,430 0.06 3 3-1
Averages 52 days $4,200,000 0.47 --- 2,642 0.06 --- ---  

Estimation of Market Value - $5,210,027

As of today, 06/30/2024, the estimated market value of 8 Spruce Street, Nantucket considering the above 2 comparable properties is $5,210,027.

 

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
@ 8 Spruce Street 9/27/1996 $375,000 0 Colonial 3,041 0.62 3 4- -
  Criteria
A 4 Spruce Street 8/29/1996 $0 0.0 Raised Ranch 1,768 0.08 3 1-
B 6 Goose Pond Lane 1/12/2001 $0 0.0 Vacant Land 0.94 -
C 1 Goose Pond Lane 8/29/1996 $0 0.0 Colonial 2,424 0.07 4 3-1
D 5 Goose Pond Lane 4/29/1992 $470,000 0.0 Antique 3,500 0.32 4 5-
E 10 Spruce Street 10/31/2019 $0 0.0 Cape Cod 1,276 0.19 3 2-
F 5 Spruce Street 10/10/2017 $0 0.0 Ranch 1,512 0.07 4 1-1
G 3 Spruce Street 10/10/2017 $0 0.0 Vacant Land 0.02 -
H 0 Goose Pond Lane 1/12/2001 $0 0.0 Vacant Land 0.18 -
I 122 Orange Street 8/29/1996 $0 0.0 Outbuildings 0.12 -
J 124 Orange Street 12/14/2011 $0 0.0 Conventional 1,221 0.12 3 1-
K 126 Orange Street 2/19/1988 $0 0.0 Antique 1,302 0.11 4 1-
L 134 Orange Street 8/22/2008 $23,769,700 0.0 Warehouse 16,893 2.36 0 1-
M 128 Orange Street 8/22/2008 $23,769,700 0.0 Cape Cod 1,040 0.05 3 1-
N 127 Orange Street 4/6/2004 $400,000 0.1 Aptovrret/Off 5,431 0.46 4 4-
O 114 Orange Street $0 0.1 Vacant Land 0.58 -
P 125 Orange Street 5/31/2019 $2,405,000 0.1 Aptovrret/Off 3,483 0.18 1 2-1
Q 129 Orange Street 12/27/2021 $6,000,000 0.1 Aptovrret/Off 6,000 0.49 2 2-
R 6 Harbor Terrace 11/15/2012 $1,750,000 0.1 Cape Cod 1,865 0.2 4 2-
S 9 Harbor Terrace 8/22/2008 $23,769,700 0.1 Outbuildings 0.14 -
T 121 Orange Street 3/1/2024 $800,000 0.1 Antique 1,574 0.3 3 1-
U 138 Orange Street 8/22/2008 $23,769,700 0.1 Store 3,256 1.47 0 1-
V 12 East Creek Road 11/1/2010 $3,500,000 0.1 Colonial 1,696 0.86 4 3-2
W 112 Orange Street $0 0.1 Vacant Land 0.11 -
X 119 Orange Street 1/5/2018 $0 0.1 Antique 1,452 0.07 4 2-
Y 3 Bear Street 12/19/2023 $1,590,000 0.1 Antique 2,867 0.2 3 2-
Z 84-R Union Street 7/27/2018 $0 0.1 Vacant Land 0.87 -
- 4 Cherry Street 11/25/2019 $865,000 0.1 Bungalow 868 0.18 2 1-
- 10 East Creek Road 8/9/2007 $0 0.1 Conventional 1,146 0.15 3 2-
- 5 Bear Street 7/3/2003 $80,000 0.1 Colonial 1,974 0.21 2 2-1
- 84 Union Street 7/27/2018 $0 0.1 Vacant Land 0.87 -
- 4 Harbor Terrace 11/1/2010 $3,500,000 0.1 Cape Cod 2,890 0.27 5 5-
- 117 Orange Street 10/20/2020 $875,000 0.1 Store 1,879 0.12 0 1-
- 90 Union Street 6/11/2004 $1,300,000 0.1 Vacant Land 0.61 -
- 1 Madison Court 7/8/2004 $2,000,000 0.1 Family Duplex 2,964 0.12 6 5-
- 137-A Orange Street 8/22/2003 $380,000 0.1 Aptovrret/Off 2,520 0.13 2 2-
- 6 Cherry Street-Lot 386 12/6/2019 $890,000 0.1 Conventional 903 0.21 2 1-
- 3 Madison Court 1/21/2014 $10,730,000 0.1 Family Duplex 2,672 0.12 5 4-
- 1 Cherry Street 10/8/2014 $0 0.1 Fast Food 384 0.12 0 2-
- 104 Orange Street 1/16/2019 $0 0.1 Bungalow 888 0.1 2 1-
- 16 East Creek Road 6/21/2010 $2,650,000 0.1 Vacant Land 0.3 -
- 0 Washington Street 3/25/2019 $480,000 0.1 Vacant Land 13.85 -
- 86 Union Street 4/28/2006 $1,375,000 0.1 Outbuildings 0.46 -
- 5 Madison Court 3/13/2020 $0 0.1 Family Duplex 2,672 0.24 5 5-2
- 6 Cherry Street 5/13/2016 $1,315,000 0.1 Colonial 1,821 0.13 3 3-
- 135 Orange Street 7/7/2020 $1,500,000 0.1 Vacant Land 0.33 -
Averages 4843 days $3,109,640 0.08 --- 1,825 0.65 --- ---  
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
55 413 8 Spruce Street