12 Somerset Lane, Nantucket, MA 02554

12 Somerset Lane Nantucket MA 02554
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Owner Information
Owner 1
William R Fuhs & Christina C
Owner 2
Owner's Address
10 Meadowview Lane Greenwood Village, CO 80121
Market Sale Information
Most recent sale date
12/1/2022
Previous sale date
05/13/2022
Transfer document #
1922-163
Previous transfer document
1895-29
Grantor
Gary Stahl
Previous grantor
Gary Stahl
Most recent sale price
$5,500,000.00
Previous sale price
$0.00
Site Information
Property ID
56-55
Lot Size
0.73
Use Code
109 - Multiple Houses on one parcel
Zoning
R20
Building Style
Colonial
Number of Rooms
Stories
2
Number of Beds
3
Year Built
1997
Number of full baths
3
Condition
Number of half baths
1
Finished Area
2016
Number of Kitchen
1
Gross Living Area
3858
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
$757,200.00
Total value
$5,015,000.00
Building value
$4,257,800.00
Estimated tax
$15,696.00
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 12 Somerset Lane Photo Plan Map Proximity Last Sold Price Net Living Area Stories Sale Price/sft $2,728.17 Style Colonial Age 1997 Rooms Bedrooms 3 Full baths 3 Half baths 1 Gross Living Area 3858 Heating Fuel Hot Water Detached Garage Lot Size 0.73 Roof Cover Asph/F Gls/Cmp AEM Value - Building $4,257,800.00 AEM Value - Land $757,200.00 AEM Value - Other $0.00 AEM Value - Total $5,015,000.00
A) 26 Somerset Lane 0.2 9/12/2024 $3,450,000 1,680 1.75 $2053.57 Colonial 1980 3 2 3260 Hot Water 0.92 Wood Shingle $1,226,200 $768,600 $0 $1,994,800
B) 49-A Madaket Road 1.0 7/18/2024 $4,137,500 2,271 1 $1821.88 Colonial 1998 4 3 1 3261 Forced Air-Duc 0.5 Wood Shingle $2,289,600 $1,239,000 $0 $3,528,600
# Address Last Sold Sale Price Dist(m) Style LA (sq ft) Lot(ac) BR F-HB
@ 12 Somerset Lane 12/1/2022 $5,500,000 0 Colonial 2,016 0.73 3 3-1 -
  Criteria
A 26 Somerset Lane 9/12/2024 $3,450,000 0.2 Colonial 1,680 0.92 3 2-
B 49-A Madaket Road 7/18/2024 $4,137,500 1.0 Colonial 2,271 0.5 4 3-1
Averages 51 days $3,793,750 0.58 --- 1,976 0.71 --- ---  

Estimation of Market Value - $5,380,318

As of today, 10/05/2024, the estimated market value of 12 Somerset Lane, Nantucket considering the above 2 comparable properties is $5,380,318.

 

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
@ 12 Somerset Lane 12/1/2022 $5,500,000 0 Colonial 2,016 0.73 3 3-1 -
  Criteria
A 10 Somerset Lane 10/1/2017 $0 0.0 Cape Cod 1,734 0.48 2 1-1
B 8-B Somerset Lane Unit 2 1/12/2007 $350,000 0.0 Affordable Hsg 576 0 1 1-
C 14 Somerset Lane 8/1/2022 $0 0.0 Ranch 1,530 0.93 3 1-
D 7 Austin Farm Drive 7/28/2021 $0 0.0 Colonial 4,646 0.94 4 4-1
E 16 Somerset Lane 10/12/2016 $0 0.0 Cape Cod 1,985 0.97 3 2-
F 5 Austin Farm Drive 3/26/1992 $79,000 0.0 Colonial 2,932 0.92 4 3-1
G 1 Austin Farm Drive 11/12/2019 $0 0.1 Cape Cod 2,218 0.92 3 2-
H 18 Somerset Lane $0 0.1 Outbuildings 0.46 -
I 3 Austin Farm Drive 2/2/2018 $0 0.1 Colonial 3,478 0.93 4 3-1
J 9 Austin Farm Drive 7/1/2011 $0 0.1 Colonial 2,784 0.93 3 4-1
K 20 Somerset Lane $0 0.1 Colonial 1,440 0.46 3 2-
L 4 Catherine Lane $303,000 0.1 Cape Cod 1,723 0.81 3 3-
M 2 High Brush Path 11/3/2009 $0 0.1 Cape Cod 2,048 0.93 3 2-1
N 12 Austin Farm Drive 12/20/2012 $1,407,012 0.1 Colonial 4,921 0.93 4 5-1
O 2 Austin Farm Drive 3/7/2013 $0 0.1 Colonial 3,272 0.96 4 2-1
P 10 Austin Farm Drive 6/24/2016 $1,030,000 0.1 Colonial 4,979 0.93 6 3-1
Q 2 Catherine Lane 9/14/2015 $1,063,000 0.1 Ranch 1,999 0.56 4 2-1
R 120 Hummock Pond Road 9/28/2005 $0 0.1 Vacant Land 3.64 -
S 1 New Hummock Circle 7/2/1993 $290,000 0.1 Cape Cod 3,254 0.92 3 2-1
T 8 Austin Farm Drive 3/1/2024 $8,500,000 0.1 Colonial 2,798 0.92 3 2-1
U 109 Hummock Pond Road 2/27/2008 $400,000 0.1 Vacant Land 0.34 -
V 107 Hummock Pond Road 2/27/2008 $400,000 0.1 Vacant Land 0.34 -
W 2 New Hummock Circle 2/7/2002 $395,000 0.1 Vacant Land 0.98 -
X 10 Catherine Lane 12/30/2020 $2,000,000 0.1 Cape Cod 3,127 0.64 3 2-
Averages 4550 days $675,709 0.08 --- 2,144 0.87 --- ---  
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 55 12 Somerset Lane