37 Somerset Road, Nantucket, MA 02554

37 Somerset Road Nantucket MA 02554
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Owner Information
Owner 1
Nicholas Ray
Owner 2
Owner's Address
10 C St Nantucket, MA 02554
Market Sale Information
Most recent sale date
11/23/2020
Previous sale date
06/11/1984
Transfer document #
C28014-
Previous transfer document
C0011-0216
Grantor
John C Raphael
Previous grantor
Most recent sale price
$1,020,000.00
Previous sale price
$35,000.00
Site Information
Property ID
56-108
Lot Size
0.8
Use Code
101 - Residential, single family
Zoning
R20
Building Style
Colonial
Number of Rooms
Stories
1.75
Number of Beds
2
Year Built
1985
Number of full baths
1
Condition
Number of half baths
1
Finished Area
1652
Number of Kitchen
1
Gross Living Area
2424
Number of Fireplaces
Bsmnt floot
Number of parking
Interior walls
Drywall/Sheet
Floor type
Pine/Soft Wood
Solar Hot Water
No
Roof Structure
Salt Box
Heating type
Gas
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
$698,000.00
Total value
$1,407,100.00
Building value
$709,100.00
Estimated tax
$4,404.00
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 37 Somerset Road Photo Plan Map Proximity Last Sold Price Net Living Area Stories Sale Price/sft $617.43 Style Colonial Age 1985 Rooms Bedrooms 2 Full baths 1 Half baths 1 Gross Living Area 2424 Heating Fuel Forced Air-Duc Detached Garage Lot Size 0.8 Roof Cover Asph/F Gls/Cmp AEM Value - Building $709,100.00 AEM Value - Land $698,000.00 AEM Value - Other $0.00 AEM Value - Total $1,407,100.00
A) 8 Luff Road 0.3 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
B) 16 Polliwog Pond Road 0.4 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
C) 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
D) 7 Yompasham Lane 0.6 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
E) 31 Surfside Road 0.6 5/23/2024 $2,125,000 1,404 2 $1513.53 Cape Cod 1989 3 2 3016 Hot Water 0.15 Asph/F Gls/Cmp $512,500 $511,100 $0 $1,023,600
F) 149 Main Street 0.9 5/17/2024 $4,225,000 1,698 1.75 $2488.22 Conventional 1930 3 1 1 3010 Hot Water 0.14 Asph/F Gls/Cmp $1,035,800 $1,538,100 $0 $2,573,900
G) 108 Main Street 0.9 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
H) 38 Pine Street 0.9 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
# Address Last Sold Sale Price Dist(m) Style LA (sq ft) Lot(ac) BR F-HB
@ 37 Somerset Road 11/23/2020 $1,020,000 0 Colonial 1,652 0.8 2 1-1 -
  Criteria
A 8 Luff Road 5/9/2024 $1,900,000 0.3 Ranch 1,894 0.36 3 2-
B 16 Polliwog Pond Road 1/9/2024 $2,250,000 0.4 Cape Cod 1,830 0.24 5 2-
C 8 Essex Road 5/15/2024 $1,900,000 0.5 Colonial 1,872 0.31 3 3-
D 7 Yompasham Lane 2/14/2024 $2,262,500 0.6 Conventional 1,878 0.25 3 3-
E 31 Surfside Road 5/23/2024 $2,125,000 0.6 Cape Cod 1,404 0.15 3 2-
F 149 Main Street 5/17/2024 $4,225,000 0.9 Conventional 1,698 0.14 3 1-1
G 108 Main Street 3/19/2024 $4,500,000 0.9 Antique 2,005 0.17 6 4-1
H 38 Pine Street 1/31/2024 $2,225,000 0.9 Antique 1,707 0.07 3 1-1
Averages 97 days $2,673,438 0.62 --- 1,786 0.21 --- ---  

Estimation of Market Value - $2,161,502

As of today, 07/04/2024, the estimated market value of 37 Somerset Road, Nantucket considering the above 8 comparable properties is $2,161,502.

 

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
@ 37 Somerset Road 11/23/2020 $1,020,000 0 Colonial 1,652 0.8 2 1-1 -
  Criteria
A 35 Somerset Road 10/2/1996 $190,000 0.0 Colonial 1,112 1.01 2 1-1
B 33 Somerset Road 4/12/2021 $0 0.0 Ranch 1,120 1.99 2 1-
C 3 Marsh Hawk Lane 12/1/1998 $0 0.0 Colonial 1,674 0.5 2 2-
D 28 Equator Drive 8/29/2017 $0 0.1 Colonial 1,976 0.28 5 3-
E 2 Marsh Hawk Lane 10/20/1999 $200,000 0.1 Vacant Land 0.02 -
F 30 Equator Drive 5/19/2017 $0 0.1 Cape Cod 1,776 0.46 4 3-
G 26 Equator Drive 1/15/2021 $700,000 0.1 Cape Cod 1,224 0.46 3 3-
H 31 Somerset Road 3/26/2004 $0 0.1 Colonial 2,566 1.42 3 2-1
I 32 Equator Drive 11/16/2009 $680,000 0.1 Colonial 2,270 0.46 3 2-1
J 24 Equator Drive 11/18/2009 $655,000 0.1 Cape Cod 1,568 0.46 3 1-1
K 28 Friendship Lane 3/9/2017 $0 0.1 Colonial 1,904 0.5 3 2-1
L 30 Friendship Lane 6/27/2012 $0 0.1 Cape Cod 1,480 0.46 3 2-1
M 22 Equator Drive 3/10/2000 $615,950 0.1 Colonial 2,776 0.46 3 2-1
N 32 Friendship Lane 11/21/2019 $0 0.1 Cape Cod 2,196 0.46 4 2-
O 7 Marsh Hawk Lane 11/26/2021 $0 0.1 Ranch 3,420 1.23 3 4-1
P 24 Friendship Lane 9/12/1997 $0 0.1 Cape Cod 2,316 0.5 5 4-
Q 5 Marsh Hawk Lane 7/2/1990 $0 0.1 Ranch 1,712 0.98 3 2-
R 34 Equator Drive 1/23/2023 $1,700,000 0.1 Cape Cod 601 0.46 1 1-
S 2 Marsh Hawk Lane-Lot 53 10/20/1999 $200,000 0.1 Vacant Land 0.93 -
T 34 Friendship Lane 10/14/1994 $60,000 0.1 Cape Cod 2,247 0.46 6 2-
U 20 Equator Drive 3/31/2021 $1,275,000 0.1 Cape Cod 1,752 0.46 3 2-
V 36 Friendship Lane 6/1/2011 $530,000 0.1 Cape Cod 1,113 0.46 3 2-
W 57 Meadow View Drive 4/7/2006 $1,540,000 0.1 Cape Cod 2,436 0.83 5 4-
X 29 Equator Drive 12/30/2014 $780,000 0.1 Colonial 1,823 0.46 3 3-1
Y 63 Meadow View Drive 9/3/2013 $0 0.1 Colonial 1,440 0.51 2 2-
Z 18 Equator Drive 3/25/2016 $900,000 0.1 Cape Cod 2,082 0.46 3 2-
- 65 Meadow View Drive 5/10/2016 $1,025,000 0.1 Cape Cod 2,983 0.47 4 3-1
- 38 Friendship Lane 12/2/2022 $0 0.1 Cape Cod 2,268 0.46 5 4-1
- 16 Friendship Lane 4/25/2013 $0 0.1 Modern/Contemp 2,657 0.46 4 3-1
- 61 Meadow View Drive 7/29/1992 $59,500 0.1 Cape Cod 1,392 0.49 3 2-
- 27 Equator Drive 1/25/1989 $0 0.1 Ranch 1,104 0.47 3 2-
- 59 Meadow View Drive 10/12/2017 $1,095,000 0.1 Colonial 1,456 0.46 3 2-
- 9 Marsh Hawk Lane 5/7/1999 $0 0.1 Family Conver. 2,965 1.21 4 2-1
- 25 Equator Drive 12/4/2018 $900,000 0.1 Cape Cod 1,344 0.46 3 2-
- 55 Meadow View Drive 5/17/2011 $750,000 0.1 Cape Cod 2,555 1.03 3 2-1
- 21 Equator Drive 12/16/2019 $0 0.1 Colonial 2,630 0.46 4 2-
- 40 Friendship Lane 3/19/2021 $865,000 0.1 Colonial 1,362 0.46 1 1-
- 14 Friendship Lane 4/30/2020 $0 0.1 Modern/Contemp 2,577 0.46 2 2-1
- 11 Marsh Hawk Lane 12/28/2017 $0 0.1 Cape Cod 2,116 0.98 4 3-
- 45 Somerset Road 10/20/1999 $0 0.1 Vacant Land 0.46 -
- 19 Equator Drive 10/26/1984 $38,000 0.1 Conventional 1,366 0.46 4 2-
Averages 5353 days $359,962 0.09 --- 1,789 0.62 --- ---  
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
56 108 37 Somerset Road