8 Second Way, Nantucket, MA 02554

8 Second Way Nantucket MA 02554
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Owner Information
Owner 1
John R Ocallaghan
Owner 2
Owner's Address
P O Box 2555 Nantucket, MA 02584
Market Sale Information
Most recent sale date
6/28/2022
Previous sale date
01/07/2016
Transfer document #
1902-70
Previous transfer document
01518-0074
Grantor
US Bank Trust Na
Previous grantor
Richard Moore
Most recent sale price
$1,400,000.00
Previous sale price
$680,970.00
Site Information
Property ID
55-664
Lot Size
0.17
Use Code
101 - Residential, single family
Zoning
R1
Building Style
Colonial
Number of Rooms
Stories
2
Number of Beds
4
Year Built
2004
Number of full baths
2
Condition
Number of half baths
1
Finished Area
2240
Number of Kitchen
Gross Living Area
4902
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
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
$446,900.00
Total value
$1,316,500.00
Building value
$869,600.00
Estimated tax
$4,120.00
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 Second Way Photo Plan Map Proximity Last Sold Price Net Living Area Stories Sale Price/sft $625.00 Style Colonial Age 2004 Rooms Bedrooms 4 Full baths 2 Half baths 1 Gross Living Area 4902 Heating Fuel Hot Water Detached Garage Lot Size 0.17 Roof Cover Asph/F Gls/Cmp AEM Value - Building $869,600.00 AEM Value - Land $446,900.00 AEM Value - Other $0.00 AEM Value - Total $1,316,500.00
A) 7 Yompasham Lane 0.4 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
B) 8 Essex Road 0.5 5/15/2024 $1,900,000 1,872 2 $1014.96 Colonial 2011 3 3 2808 Hot Water 0.31 Asph/F Gls/Cmp $815,600 $398,700 $0 $1,214,300
C) 16 Polliwog Pond Road 0.6 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
D) 8 Luff Road 0.7 5/9/2024 $1,900,000 1,894 1 $1003.17 Ranch 1994 3 2 6100 Hot Water 0.36 Asph/F Gls/Cmp $859,400 $703,200 $0 $1,562,600
E) 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
F) 1 Farmer Street 0.8 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
G) 108 Main Street 1.0 3/19/2024 $4,500,000 2,005 2.5 $2244.39 Antique 1900 6 4 1 5508 Hot Water 0.17 Asph/F Gls/Cmp $2,002,200 $2,234,400 $0 $4,236,600
# Address Last Sold Sale Price Dist(m) Style LA (sq ft) Lot(ac) BR F-HB
@ 8 Second Way 6/28/2022 $1,400,000 0 Colonial 2,240 0.17 4 2-1 -
  Criteria
A 7 Yompasham Lane 2/14/2024 $2,262,500 0.4 Conventional 1,878 0.25 3 3-
B 8 Essex Road 5/15/2024 $1,900,000 0.5 Colonial 1,872 0.31 3 3-
C 16 Polliwog Pond Road 1/9/2024 $2,250,000 0.6 Cape Cod 1,830 0.24 5 2-
D 8 Luff Road 5/9/2024 $1,900,000 0.7 Ranch 1,894 0.36 3 2-
E 38 Pine Street 1/31/2024 $2,225,000 0.8 Antique 1,707 0.07 3 1-1
F 1 Farmer Street 5/10/2024 $3,600,000 0.8 Antique 2,430 0.06 3 3-1
G 108 Main Street 3/19/2024 $4,500,000 1.0 Antique 2,005 0.17 6 4-1
Averages 106 days $2,662,500 0.67 --- 1,945 0.21 --- ---  

Estimation of Market Value - $2,345,934

As of today, 07/04/2024, the estimated market value of 8 Second Way, Nantucket considering the above 7 comparable properties is $2,345,934.

 

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 Second Way 6/28/2022 $1,400,000 0 Colonial 2,240 0.17 4 2-1 -
  Criteria
A 6 Second Way 10/24/2011 $399,000 0.0 Cape Cod 2,250 0.24 5 2-
B 21 Allens Lane 3/11/2022 $0 0.0 Ranch 2,528 0.53 4 2-
C 7 Second Way 12/8/2023 $1,600,000 0.0 Colonial 2,050 0.24 4 1-1
D 17 Allens Lane 10/28/2020 $615,000 0.0 Conventional 1,714 0.12 4 1-
E 4 Second Way 1/25/2005 $825,000 0.0 Ranch 1,262 0.11 2 2-
F 12 First Way 7/13/2015 $0 0.0 Colonial 1,917 0.38 2 2-1
G 6 First Way 11/1/2016 $2,400,000 0.0 Colonial 1,407 0.12 3 2-1
H 35 Hooper Farm Road 3/31/1995 $209,000 0.0 Ranch 3,334 0.48 5 4-1
I 16 Allens Lane 5/8/1987 $185,000 0.1 Ranch 1,356 0.22 3 2-
J 25 Allens Lane 11/5/2012 $694,500 0.1 Ranch 2,414 0.34 4 3-1
K 25 Backus Lane 11/19/2001 $0 0.1 Vacant Land 0.98 -
L 24 Allens Lane 8/18/2017 $0 0.1 Vacant Land 0.24 -
M 33 Hooper Farm Road 6/15/2005 $643,500 0.1 Colonial 1,960 0.13 6 3-
N 14 Allens Lane 11/2/2005 $730,000 0.1 Ranch 1,928 0.16 4 2-
O 14 First Way 8/12/1999 $0 0.1 Ranch 1,384 0.57 4 1-
P 31 Hooper Farm Road 2/28/2001 $424,000 0.1 Ranch 1,500 0.29 3 2-
Q 5 First Way 6/9/2015 $590,000 0.1 Cape Cod 1,722 0.33 4 1-1
R 21 Backus Lane 11/16/2001 $0 0.1 Vacant Land 0.95 -
S 9 First Way 2/14/2014 $0 0.1 Colonial 1,154 0.23 4 3-1
T 37 Hooper Farm Road 8/18/2017 $0 0.1 Ranch 1,302 0.26 4 2-
U 26 Allens Lane 9/28/2007 $575,000 0.1 Ranch 1,016 0.23 2 1-
V 0 Backus Lane-Rear 12/28/2000 $530,000 0.1 Vacant Land 4.75 -
W 29 Hooper Farm Road 4/19/2017 $0 0.1 Ranch 1,752 0.28 4 2-
X 0 Backus Lane 11/27/2001 $0 0.1 Vacant Land 0.09 -
Y 8 Fourth Way 2/17/2010 $0 0.1 Colonial 1,636 0.36 3 2-1
Z 11 First Way 3/26/2004 $0 0.1 Colonial 2,406 0.63 3 4-
- 3 First Way 12/19/2019 $0 0.1 Cape Cod 1,172 0.23 3 1-
- 28 New Street 4/3/2012 $1,025,000 0.1 Colonial 2,076 0.13 3 2-1
- 13 Allens Lane 2/19/2013 $0 0.1 Cape Cod 1,755 0.31 3 2-
- 27 Allens Lane 7/10/2018 $0 0.1 Colonial 3,608 0.26 5 4-
- 39 Hooper Farm Road 4/8/2022 $1,100,000 0.1 Ranch 1,266 0.25 3 1-1
- 34 Hooper Farm Road 6/11/1996 $0 0.1 Ranch 640 0.07 2 1-
- 30 Hooper Farm Road 12/15/1998 $265,000 0.1 Ranch 1,717 0.17 2 1-
- 34-R Hooper Farm Road 6/11/1996 $0 0.1 Cape Cod 1,125 0.11 3 2-
- 32 Hooper Farm Road 10/2/2000 $350,000 0.1 Cape Cod 2,406 0.42 4 3-
- 28 Hooper Farm Road 12/31/1998 $231,000 0.1 Bungalow 694 0.46 2 1-
- 1 First Way 11/27/2020 $950,000 0.1 Ranch 1,124 0.18 3 1-1
- 28 Allens Lane $150,000 0.1 Ranch 1,226 0.2 2 1-
- 15 First Way 12/10/2009 $0 0.1 Colonial 2,194 0.61 4 4-
- 12 Allens Lane 9/19/2013 $0 0.1 Family Conver. 1,080 0.26 2 2-
- 19 First Way 12/31/2008 $0 0.1 Family Duplex 1,638 0.24 4 3-
- 17 Backus Lane 12/28/2000 $800,000 0.1 Vacant Land 1.27 -
- 7 Fifth Way 2/21/1992 $1 0.1 Colonial 2,038 0.15 3 2-
- 25 Hooper Farm Road 8/25/2023 $1,395,000 0.1 Ranch 1,052 0.18 2 1-
- 11 Allens Lane 3/14/2018 $0 0.1 Ranch 1,092 0.23 3 1-
- 29 Allens Lane 3/28/2021 $0 0.1 Ranch 1,144 0.3 3 1-1
- 36 Hooper Farm Road 11/28/2018 $995,000 0.1 Ranch 2,111 0.24 4 2-
- 41 Hooper Farm Road 6/9/2021 $0 0.1 Colonial 1,900 0.19 3 3-
- 4 Trotters Lane 8/1/1989 $0 0.1 Clubs/Lodges 2,016 0.24 0 2-
- 24 Hooper Farm Road 5/7/2013 $0 0.1 Cape Cod 1,500 0.26 4 3-
- 38 Hooper Farm Road 9/2/2011 $0 0.1 Bungalow 816 0.24 3 1-
- 23 Hooper Farm Road 3/12/2003 $0 0.1 Ranch 1,019 0.33 3 2-
- 3 Fifth Way 11/9/2021 $1,060,000 0.1 Ranch 1,939 0.19 3 1-1
- 10 Allens Lane 4/25/2007 $758,000 0.1 Family Duplex 2,240 0.23 5 4-
- 6 Trotters Lane 12/30/1987 $200,000 0.1 Colonial 1,370 0.09 3 1-1
- 1 Cow Pond Lane 12/10/2009 $0 0.1 Family Duplex 1,904 0.24 4 2-
- 24 Waydale Road 4/25/2005 $0 0.1 Family Duplex 3,410 0.23 9 7-
- 9 Allens Lane 3/31/2022 $0 0.1 Cape Cod 1,817 0.23 4 3-
- 43 Hooper Farm Road 7/5/2000 $0 0.1 Ranch 1,352 0.18 3 2-
Averages 5580 days $333,881 0.09 --- 1,533 0.38 --- ---  
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
55 664 8 Second Way