38 Friendship Lane, Nantucket, MA 02554

38 Friendship Lane Nantucket MA 02554
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Owner Information
Owner 1
Clair Gray
Owner 2
Owner's Address
38 Friendship Lane Nantucket, MA 02554
Market Sale Information
Most recent sale date
12/2/2022
Previous sale date
06/20/2002
Transfer document #
C28598-
Previous transfer document
C0020343-0
Grantor
Seth Gray
Previous grantor
Constance B Hayes
Most recent sale price
$0.00
Previous sale price
$223,000.00
Site Information
Property ID
56-332
Lot Size
0.46
Use Code
101 - Residential, single family
Zoning
R20
Building Style
Cape Cod
Number of Rooms
Stories
1.5
Number of Beds
5
Year Built
2002
Number of full baths
4
Condition
Number of half baths
1
Finished Area
2268
Number of Kitchen
Gross Living Area
3882
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
Gas
Roof Cover
Asph/F Gls/Cmp
Heating fuel
Hot Water
Frame type
Air Condition (%)
Sidings
Wood Shingle
Assessment Information
Fiscal Year
2024
Land Value
$679,500.00
Total value
$1,513,200.00
Building value
$833,700.00
Estimated tax
$4,736.00
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 38 Friendship Lane Photo Plan Map Proximity Last Sold Price Net Living Area Stories Sale Price/sft $0.00 Style Cape Cod Age 2002 Rooms Bedrooms 5 Full baths 4 Half baths 1 Gross Living Area 3882 Heating Fuel Hot Water Detached Garage Lot Size 0.46 Roof Cover Asph/F Gls/Cmp AEM Value - Building $833,700.00 AEM Value - Land $679,500.00 AEM Value - Other $0.00 AEM Value - Total $1,513,200.00
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 0.3 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) 10 Aurora Way 0.5 1/9/2024 $4,650,000 2,468 1.75 $1884.12 Colonial 2003 4 3 1 5236 Hot Air-No Duc 0.18 Wood Shingle $2,468,800 $963,100 $0 $3,431,900
E) 7 Yompasham Lane 0.5 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
F) 8 Austin Farm Drive 0.6 3/1/2024 $8,500,000 2,798 2 $3037.88 Colonial 1994 3 2 1 4432 Forced Air-Duc 0.92 Wood Shingle $1,701,900 $1,217,000 $0 $2,918,900
G) 85 Somerset Road 0.6 3/12/2024 $2,950,000 2,069 1 $1425.81 Cape Cod 1998 2 2 1 4128 Hot Water 0.47 Asph/F Gls/Cmp $698,000 $741,600 $0 $1,439,600
H) 108 Main Street 0.8 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
I) 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
J) 1 Farmer Street 0.9 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
K) 20 New Lane 0.9 1/17/2024 $4,350,000 2,247 1.75 $1935.91 Colonial 1998 4 3 1 4196 Forced Air-Duc 0.12 Wood Shingle $2,176,000 $1,018,300 $0 $3,194,300
# Address Last Sold Sale Price Dist(m) Style LA (sq ft) Lot(ac) BR F-HB
@ 38 Friendship Lane 12/2/2022 $0 0 Cape Cod 2,268 0.46 5 4-1 -
  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 0.3 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 10 Aurora Way 1/9/2024 $4,650,000 0.5 Colonial 2,468 0.18 4 3-1
E 7 Yompasham Lane 2/14/2024 $2,262,500 0.5 Conventional 1,878 0.25 3 3-
F 8 Austin Farm Drive 3/1/2024 $8,500,000 0.6 Colonial 2,798 0.92 3 2-1
G 85 Somerset Road 3/12/2024 $2,950,000 0.6 Cape Cod 2,069 0.47 2 2-1
H 108 Main Street 3/19/2024 $4,500,000 0.8 Antique 2,005 0.17 6 4-1
I 38 Pine Street 1/31/2024 $2,225,000 0.8 Antique 1,707 0.07 3 1-1
J 1 Farmer Street 5/10/2024 $3,600,000 0.9 Antique 2,430 0.06 3 3-1
K 20 New Lane 1/17/2024 $4,350,000 0.9 Colonial 2,247 0.12 4 3-1
Averages 121 days $3,553,409 0.61 --- 2,109 0.29 --- ---  

Estimation of Market Value - $3,044,831

As of today, 07/04/2024, the estimated market value of 38 Friendship Lane, Nantucket considering the above 11 comparable properties is $3,044,831.

 

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
@ 38 Friendship Lane 12/2/2022 $0 0 Cape Cod 2,268 0.46 5 4-1 -
  Criteria
A 36 Friendship Lane 6/1/2011 $530,000 0.0 Cape Cod 1,113 0.46 3 2-
B 40 Friendship Lane 3/19/2021 $865,000 0.0 Colonial 1,362 0.46 1 1-
C 34 Friendship Lane 10/14/1994 $60,000 0.0 Cape Cod 2,247 0.46 6 2-
D 42 Friendship Lane 12/7/2005 $785,000 0.0 Cape Cod 2,325 0.46 2 2-
E 32 Friendship Lane 11/21/2019 $0 0.0 Cape Cod 2,196 0.46 4 2-
F 65 Meadow View Drive 5/10/2016 $1,025,000 0.0 Cape Cod 2,983 0.47 4 3-1
G 30 Friendship Lane 6/27/2012 $0 0.1 Cape Cod 1,480 0.46 3 2-1
H 37 Friendship Lane 8/9/1993 $51,000 0.1 Colonial 1,343 0.55 2 2-
I 35 Friendship Lane 5/1/2018 $950,000 0.1 Cape Cod 1,655 0.55 3 2-
J 41 Friendship Lane 7/12/2005 $0 0.1 Cape Cod 1,680 0.53 4 3-
K 63 Meadow View Drive 9/3/2013 $0 0.1 Colonial 1,440 0.51 2 2-
L 31 Somerset Road 3/26/2004 $0 0.1 Colonial 2,566 1.42 3 2-1
M 33 Friendship Lane 3/4/2002 $220,000 0.1 Cape Cod 1,344 0.53 2 1-
N 28 Friendship Lane 3/9/2017 $0 0.1 Colonial 1,904 0.5 3 2-1
O 61 Meadow View Drive 7/29/1992 $59,500 0.1 Cape Cod 1,392 0.49 3 2-
P 60 Meadow View Drive 12/31/2002 $0 0.1 Family Conver. 1,920 0.96 6 3-
Q 35 Somerset Road 10/2/1996 $190,000 0.1 Colonial 1,112 1.01 2 1-1
R 29 Friendship Lane 12/5/2018 $1,110,000 0.1 Cape Cod 2,660 0.5 6 3-
S 59 Meadow View Drive 10/12/2017 $1,095,000 0.1 Colonial 1,456 0.46 3 2-
T 24 Friendship Lane 9/12/1997 $0 0.1 Cape Cod 2,316 0.5 5 4-
U 57 Meadow View Drive 4/7/2006 $1,540,000 0.1 Cape Cod 2,436 0.83 5 4-
V 24 Somerset Road $0 0.1 Vacant Land 3.89 -
W 27 Friendship Lane 7/23/2018 $0 0.1 Colonial 3,018 0.5 4 4-1
X 37 Somerset Road 11/23/2020 $1,020,000 0.1 Colonial 1,652 0.8 2 1-1
Y 33 Somerset Road 4/12/2021 $0 0.1 Ranch 1,120 1.99 2 1-
Z 56 Meadow View Drive 2/19/2014 $1,900,000 0.1 Cape Cod 1,296 1 2 2-
- 34 Equator Drive 1/23/2023 $1,700,000 0.1 Cape Cod 601 0.46 1 1-
- 20 Somerset Road 7/13/2009 $0 0.1 Colonial 1,628 0.71 3 1-1
- 21 Somerset Road 5/19/2015 $0 0.1 Service Shop 2,977 3 -
- 32 Equator Drive 11/16/2009 $680,000 0.1 Colonial 2,270 0.46 3 2-1
- 25 Friendship Lane 5/19/2006 $0 0.1 Ranch 2,224 0.51 3 2-
- 8 Pinkham Circle 6/16/2022 $0 0.1 Colonial 3,619 0.76 3 3-
- 30 Equator Drive 5/19/2017 $0 0.1 Cape Cod 1,776 0.46 4 3-
- 10 Pinkham Circle 2/19/2014 $1,055,000 0.1 Conventional 1,806 0.47 2 2-
- 55 Meadow View Drive 5/17/2011 $750,000 0.1 Cape Cod 2,555 1.03 3 2-1
Averages 4931 days $445,300 0.08 --- 1,871 0.82 --- ---  
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
56 332 38 Friendship Lane