8 Somerset Road, Nantucket, MA 02554

8 Somerset Road Nantucket MA 02554
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Owner Information
Owner 1
Bruce J Cowan & Carol
Owner 2
Owner's Address
P O Box 77 Nantucket, MA 02554
Market Sale Information
Most recent sale date
7/26/1996
Previous sale date
03/23/1992
Transfer document #
00511-0169
Previous transfer document
00383-0342
Grantor
A Preston Manchester
Previous grantor
A Preston Manchester
Most recent sale price
$120,000.00
Previous sale price
$0.00
Site Information
Property ID
56-23
Lot Size
0.85
Use Code
101 - Residential, single family
Zoning
R20
Building Style
Cape Cod
Number of Rooms
Stories
1
Number of Beds
2
Year Built
1996
Number of full baths
2
Condition
Number of half baths
Finished Area
1481
Number of Kitchen
1
Gross Living Area
2870
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
Hot Water
Frame type
Air Condition (%)
Sidings
Wood Shingle
Assessment Information
Fiscal Year
2025
Land Value
$764,400.00
Total value
$1,359,600.00
Building value
$595,200.00
Estimated tax
$4,459.00
Yard improvement value
$0.00
Flood Map MassMapper Google Street View
Certified Mass Appraisal
20082009201020112012201320142015201620172018201920202021202220232024$0$200,000$400,000$600,000$800,000$1,000,000$1,200,000$1,400,000$1,600,000Total Assessment ($)ImprovementsLandBuildingTotal Assessment
Comparable Properties
Mailing Labels $Valuation Report Copy To Clipboard
80 Somerset Road4 Miacomet Avenue7 Otokomi Road7 Skiff Lane3 Madaket Road8 Somerset Road4-A Marble Way23 West York Lane16 Federal Street$0$500,000$1,000,000$1,500,000$2,000,000$2,500,000$3,000,000Subject PropertyTotal Assessment ($)Total Assessment
Address 8 Somerset Road A) 7 Skiff LaneB) 3 Madaket RoadC) 23 West York LaneD) 80 Somerset RoadE) 4-A Marble WayF) 4 Miacomet AvenueG) 16 Federal StreetH) 7 Otokomi Road
Photo
Plan
Map
Proximity 0.40.50.50.80.80.80.90.9
Last Sold 3/27/202512/3/20244/28/20252/21/20251/17/20253/31/20252/4/202512/23/2024
Price $1,700,000$2,000,000$1,725,000$702,465$1,925,000$1,307,525$5,100,000$673,240
Net Living Area 1,5511,2421,3021,6801,7281,1551,5471,544
Stories 1.7511.751.7511.751.52
Sale Price/sft $81.03$1096.07$1610.31$1324.88$418.13$1114.00$1132.06$3296.70$436.04
Style Cape CodCape CodAntiqueConventionalAffordable HsgCape CodColonialConventionalColonial
Age 199620081884193020041975199919001995
Rooms 5
Bedrooms 233233333
Full baths 231322322
Half baths 121
Gross Living Area 287021372094184626403648224817541713
Heating Fuel Hot WaterHot WaterHot WaterHot WaterHot WaterHot WaterHot WaterForced Air-DucHot Air-No Duc
Detached Garage
Lot Size 0.850.110.110.070.210.170.160.060.31
Roof Cover Asph/F Gls/CmpWood ShingleAsph/F Gls/CmpAsph/F Gls/CmpAsph/F Gls/CmpAsph/F Gls/CmpAsph/F Gls/CmpAsph/F Gls/CmpAsph/F Gls/Cmp
AEM Value - Building $595,200.00$776,600$540,600$1,223,000$423,700$830,800$539,700$1,165,200$623,000
AEM Value - Land $764,400.00$478,800$734,200$609,900$306,306$589,100$324,600$1,655,700$330,600
AEM Value - Other $0.00$0$0$0$0$0$0$0$0
AEM Value - Total $1,359,600.00$1,255,400$1,274,800$1,832,900$730,006$1,419,900$864,300$2,820,900$953,600
# Address Last Sold Sale Price Dist(m) Style LA (sq ft) Lot(ac) BR F-HB
@ 8 Somerset Road 7/26/1996 $120,000 0 Cape Cod 1,481 0.85 2 2- -
  Criteria
A 7 Skiff Lane 3/27/2025 $1,700,000 0.4 Cape Cod 1,551 0.11 3 3-1
B 3 Madaket Road 12/3/2024 $2,000,000 0.5 Antique 1,242 0.11 3 1-2
C 23 West York Lane 4/28/2025 $1,725,000 0.5 Conventional 1,302 0.07 2 3-
D 80 Somerset Road 2/21/2025 $702,465 0.8 Affordable Hsg 1,680 0.21 3 2-
E 4-A Marble Way 1/17/2025 $1,925,000 0.8 Cape Cod 1,728 0.17 3 2-
F 4 Miacomet Avenue 3/31/2025 $1,307,525 0.8 Colonial 1,155 0.16 3 3-
G 16 Federal Street 2/4/2025 $5,100,000 0.9 Conventional 1,547 0.06 3 2-1
H 7 Otokomi Road 12/23/2024 $673,240 0.9 Colonial 1,544 0.31 3 2-
Averages 102 days $1,891,654 0.69 --- 1,469 0.15 --- ---  

Estimation of Market Value - $1,876,299

As of today, 05/27/2025, the estimated market value of 8 Somerset Road, Nantucket considering the above 8 comparable properties is $1,876,299.

 

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
Copy to Clipboard
Subject Property17 Roberts Lane-Lot 1027 Hussey Farm Road50 Vesper Lane5 Somerset Road8 Roberts Lane1 Somerset Road8 Somerset Road14 Hummock Pond Road12 Roberts Lane4 Somerset Road1-A Manchester Circle16 Somerset Road3 Manchester Circle11 Somerset Road16 Hummock Pond Road19 Roberts Lane7 Somerset Road14 Roberts Lane2 Somerset Road5 Hussey Farm Road54 Vesper Lane10 Roberts Lane48 Vesper Lane18 Hummock Pond Road9-A Hussey Farm Road3 Somerset Road46 Vesper Lane$0$500,000$1,000,000$1,500,000$2,000,000$2,500,000$3,000,000$3,500,000$4,000,000$4,500,000$5,000,000Total Assessment ($)Total Assessment
# Address Last Sold Sale Price Dist(m) Style LA (sq ft) Lot(ac) BR F-HB
@ 8 Somerset Road 7/26/1996 $120,000 0 Cape Cod 1,481 0.85 2 2- -
  Criteria
A 14 Roberts Lane 4/17/2009 $285,000 0.0 Cape Cod 2,152 0.48 3 3-1
B 4 Somerset Road 8/16/2001 $0 0.0 Ranch 1,352 0.93 3 1-
C 25 Roberts Lane 6/11/1998 $19,804,730 0.0 Family Conver. 1,920 0.76 5 2-
D 10 Somerset Road 3/12/2018 $0 0.0 Dormitory 2,880 0.54 5 3-
E 3 Somerset Road 12/15/2022 $4,249,999 0.0 Colonial 4,212 0.3 4 3-1
F 12 Roberts Lane 4/25/2003 $495,000 0.1 Colonial 1,741 0.47 3 4-
G 7 Somerset Road 12/18/2017 $0 0.1 Ranch 2,700 0.57 3 3-1
H 2 Somerset Road 1/29/2020 $1,295,000 0.1 Colonial 2,191 0.23 4 2-1
I 54 Vesper Lane 6/13/2019 $0 0.1 Colonial 3,210 0.49 5 3-1
J 14 Hummock Pond Road 2/28/2023 $14,859 0.1 Colonial 1,902 0.31 4 2-1
K 1 Somerset Road 6/3/2008 $750,000 0.1 Colonial 1,578 0.47 3 1-1
L 11 Somerset Road 4/15/2005 $250,000 0.1 Colonial 2,800 0.47 5 2-
M 10 Roberts Lane 8/29/2022 $2,275,000 0.1 Cape Cod 2,140 0.52 3 3-
N 5 Somerset Road 6/1/2007 $0 0.1 Ranch 1,248 0.32 3 1-
O 21 Roberts Lane 7/15/1999 $0 0.1 Ranch 900 0.44 3 1-
P 13 Somerset Road 2/1/2021 $0 0.1 Ranch 1,456 0.46 1 2-
Q 50 Vesper Lane 4/3/1985 $1 0.1 Colonial 1,220 0.48 2 2-
R 1-A Manchester Circle 6/25/2007 $0 0.1 Cape Cod 2,755 0.28 9 3-
S 16 Hummock Pond Road 11/10/1993 $100,000 0.1 Bungalow 744 0.46 2 1-
T 15 Somerset Road 1/26/1995 $0 0.1 Colonial 1,330 0.76 2 2-
U 19 Roberts Lane 4/23/1996 $200,000 0.1 Cape Cod 2,257 0.54 5 2-1
V 48 Vesper Lane 6/7/2004 $782,500 0.1 Cape Cod 2,396 0.47 3 2-1
W 8 Roberts Lane 6/29/2022 $0 0.1 Cape Cod 1,344 0.47 3 2-1
X 18 Hummock Pond Road 3/15/2001 $100,000 0.1 Colonial 2,720 0.46 3 2-1
Y 17 Roberts Lane-Lot 102 1/29/2003 $0 0.1 Vacant Land 1.68 -
Z 16 Somerset Road 6/20/2018 $967,500 0.1 Colonial 2,562 0.46 4 3-1
- 46 Vesper Lane 9/23/2020 $4,000,000 0.1 Colonial 3,508 0.47 4 5-1
- 7 Hussey Farm Road 10/21/2013 $50,000 0.1 Vacant Land 0.57 -
- 5 Hussey Farm Road 1/3/2006 $0 0.1 Colonial 1,729 0.54 4 2-
- 3 Manchester Circle 1/11/2011 $0 0.1 Colonial 2,336 0.52 5 3-
- 9-A Hussey Farm Road 4/1/2004 $425,000 0.1 Colonial 3,708 0.46 5 4-2
Averages 5952 days $1,162,729 0.08 --- 2,032 0.53 --- ---  
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 23 8 Somerset Road