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
2024
Land Value
$700,800.00
Total value
$1,277,600.00
Building value
$576,800.00
Estimated tax
$3,998.00
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 Somerset Road Photo Plan Map Proximity Last Sold Price Net Living Area Stories Sale Price/sft $81.03 Style Cape Cod Age 1996 Rooms Bedrooms 2 Full baths 2 Half baths Gross Living Area 2870 Heating Fuel Hot Water Detached Garage Lot Size 0.85 Roof Cover Asph/F Gls/Cmp AEM Value - Building $576,800.00 AEM Value - Land $700,800.00 AEM Value - Other $0.00 AEM Value - Total $1,277,600.00
A) 16 Polliwog Pond Road 0.2 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
B) 149 Main Street 0.5 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
C) 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
D) 38 Pine Street 0.6 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
E) 4 York Street 0.8 3/28/2024 $2,175,000 1,489 1.75 $1460.71 Antique 1850 3 2 3004 Hot Water 0.07 Asph/F Gls/Cmp $801,300 $809,800 $0 $1,611,100
F) 121 Orange Street 0.8 3/1/2024 $800,000 1,574 1 $508.26 Antique 1850 3 1 2918 None 0.3 Asph/F Gls/Cmp $427,100 $995,800 $0 $1,422,900
G) 33 West Chester Street 0.9 6/26/2024 $2,825,000 1,577 1 $1791.38 Bungalow 1940 3 2 3089 Forced Air-Duc 0.14 Asph/F Gls/Cmp $599,600 $1,384,815 $0 $1,984,415
H) 12 Pilgrim Road 0.9 5/7/2024 $2,825,000 1,365 1 $2069.60 Ranch 1970 3 1 2450 Forced Air-Duc 0.17 Asph/F Gls/Cmp $357,700 $1,873,800 $0 $2,231,500
# 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 16 Polliwog Pond Road 1/9/2024 $2,250,000 0.2 Cape Cod 1,830 0.24 5 2-
B 149 Main Street 5/17/2024 $4,225,000 0.5 Conventional 1,698 0.14 3 1-1
C 31 Surfside Road 5/23/2024 $2,125,000 0.6 Cape Cod 1,404 0.15 3 2-
D 38 Pine Street 1/31/2024 $2,225,000 0.6 Antique 1,707 0.07 3 1-1
E 4 York Street 3/28/2024 $2,175,000 0.8 Antique 1,489 0.07 3 2-
F 121 Orange Street 3/1/2024 $800,000 0.8 Antique 1,574 0.3 3 1-
G 33 West Chester Street 6/26/2024 $2,825,000 0.9 Bungalow 1,577 0.14 3 2-
H 12 Pilgrim Road 5/7/2024 $2,825,000 0.9 Ranch 1,365 0.17 3 1-
Averages 92 days $2,431,250 0.67 --- 1,581 0.16 --- ---  

Estimation of Market Value - $2,002,464

As of today, 07/06/2024, the estimated market value of 8 Somerset Road, Nantucket considering the above 8 comparable properties is $2,002,464.

 

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 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 5628 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