7 Somerset Road, Nantucket, MA 02554

7 Somerset Road Nantucket MA 02554
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Owner Information
Owner 1
Richard D Manchester
Owner 2
Owner's Address
7 Somerset Rd Nantucket, MA 02554
Market Sale Information
Most recent sale date
12/18/2017
Previous sale date
10/06/2005
Transfer document #
01625-0232
Previous transfer document
00981-0208
Grantor
Richard D Manchester
Previous grantor
George R Manchester
Most recent sale price
$0.00
Previous sale price
$400,030.00
Site Information
Property ID
56-95
Lot Size
0.57
Use Code
101 - Residential, single family
Zoning
R20
Building Style
Ranch
Number of Rooms
Stories
1
Number of Beds
3
Year Built
1970
Number of full baths
3
Condition
Number of half baths
1
Finished Area
2700
Number of Kitchen
1
Gross Living Area
4164
Number of Fireplaces
Bsmnt floot
Number of parking
Interior walls
Drywall/Sheet
Floor type
Carpet
Solar Hot Water
No
Roof Structure
Gable/Hip
Heating type
Electric
Roof Cover
Asph/F Gls/Cmp
Heating fuel
Electr Basebrd
Frame type
Air Condition (%)
Sidings
Wood Shingle
Assessment Information
Fiscal Year
2024
Land Value
$685,400.00
Total value
$1,600,600.00
Building value
$915,200.00
Estimated tax
$5,009.00
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 7 Somerset Road Photo Plan Map Proximity Last Sold Price Net Living Area Stories Sale Price/sft $0.00 Style Ranch Age 1970 Rooms Bedrooms 3 Full baths 3 Half baths 1 Gross Living Area 4164 Heating Fuel Electr Basebrd Detached Garage Lot Size 0.57 Roof Cover Asph/F Gls/Cmp AEM Value - Building $915,200.00 AEM Value - Land $685,400.00 AEM Value - Other $0.00 AEM Value - Total $1,600,600.00
A) 17 Pleasant Street 0.6 7/5/2024 $3,715,000 2,100 1.75 $1769.05 Antique 1800 2 3 3657 Forced Air-Duc 0.09 Asph/F Gls/Cmp $1,462,200 $2,011,500 $0 $3,473,700
B) 1 Farmer Street 0.7 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
C) 45 Fair Street 0.7 5/8/2024 $4,800,000 2,854 2 $1681.85 Custom Built 1983 4 4 1 3552 Hot Water 0.07 Wood Shingle $2,636,200 $1,213,000 $0 $3,849,200
D) 16 Back Street 0.7 8/29/2024 $3,295,000 2,946 1.75 $1118.47 Antique 1900 4 3 3339 Forced Air-Duc 0.12 Asph/F Gls/Cmp $1,400,300 $821,400 $0 $2,221,700
E) 6 West Dover Street 0.7 7/18/2024 $2,130,000 2,321 2 $917.71 Antique 1890 4 1 3202 Hot Water 0.14 Asph/F Gls/Cmp $491,000 $1,109,500 $0 $1,600,500
F) 101 Orange Street 0.8 9/9/2024 $3,150,000 2,533 1.75 $1243.58 Antique 1825 4 3 1 4300 Hot Water 0.19 Wood Shingle $1,450,900 $1,018,100 $0 $2,469,000
G) 20 West Chester Street 0.9 6/17/2024 $6,995,000 3,287 2 $2128.08 Custom Built 2016 4 4 2 5325 Forced Air-Duc 0.28 Asph/F Gls/Cmp $4,768,600 $1,559,950 $0 $6,328,550
# Address Last Sold Sale Price Dist(m) Style LA (sq ft) Lot(ac) BR F-HB
@ 7 Somerset Road 12/18/2017 $0 0 Ranch 2,700 0.57 3 3-1 -
  Criteria
A 17 Pleasant Street 7/5/2024 $3,715,000 0.6 Antique 2,100 0.09 2 3-
B 1 Farmer Street 5/10/2024 $3,600,000 0.7 Antique 2,430 0.06 3 3-1
C 45 Fair Street 5/8/2024 $4,800,000 0.7 Custom Built 2,854 0.07 4 4-1
D 16 Back Street 8/29/2024 $3,295,000 0.7 Antique 2,946 0.12 4 3-
E 6 West Dover Street 7/18/2024 $2,130,000 0.7 Antique 2,321 0.14 4 1-
F 101 Orange Street 9/9/2024 $3,150,000 0.8 Antique 2,533 0.19 4 3-1
G 20 West Chester Street 6/17/2024 $6,995,000 0.9 Custom Built 3,287 0.28 4 4-2
Averages 77 days $3,955,000 0.74 --- 2,639 0.14 --- ---  

Estimation of Market Value - $3,014,038

As of today, 09/20/2024, the estimated market value of 7 Somerset Road, Nantucket considering the above 7 comparable properties is $3,014,038.

 

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
@ 7 Somerset Road 12/18/2017 $0 0 Ranch 2,700 0.57 3 3-1 -
  Criteria
A 3 Somerset Road 12/15/2022 $4,249,999 0.0 Colonial 4,212 0.3 4 3-1
B 11 Somerset Road 4/15/2005 $250,000 0.0 Colonial 2,800 0.47 5 2-
C 1-A Manchester Circle 6/25/2007 $0 0.0 Cape Cod 2,755 0.28 9 3-
D 5 Somerset Road 6/1/2007 $0 0.0 Ranch 1,248 0.32 3 1-
E 14 Hummock Pond Road 2/28/2023 $14,859 0.0 Colonial 1,902 0.31 4 2-1
F 13 Somerset Road 2/1/2021 $0 0.1 Ranch 1,456 0.46 1 2-
G 8 Somerset Road 7/26/1996 $120,000 0.1 Cape Cod 1,481 0.85 2 2-
H 7 Hussey Farm Road 10/21/2013 $50,000 0.1 Vacant Land 0.57 -
I 15 Somerset Road 1/26/1995 $0 0.1 Colonial 1,330 0.76 2 2-
J 3 Manchester Circle 1/11/2011 $0 0.1 Colonial 2,336 0.52 5 3-
K 1 Somerset Road 6/3/2008 $750,000 0.1 Colonial 1,578 0.47 3 1-1
L 16 Hummock Pond Road 11/10/1993 $100,000 0.1 Bungalow 744 0.46 2 1-
M 4 Somerset Road 8/16/2001 $0 0.1 Ranch 1,352 0.93 3 1-
N 9-A Hussey Farm Road 4/1/2004 $425,000 0.1 Colonial 3,708 0.46 5 4-2
O 25 Roberts Lane 6/11/1998 $19,804,730 0.1 Family Conver. 1,920 0.76 5 2-
P 5 Hussey Farm Road 1/3/2006 $0 0.1 Colonial 1,729 0.54 4 2-
Q 14 Roberts Lane 4/17/2009 $285,000 0.1 Cape Cod 2,152 0.48 3 3-1
R 9-B Hussey Farm Road 4/8/2005 $375,000 0.1 Cape Cod 1,787 0.46 2 2-1
S 18 Hummock Pond Road 3/15/2001 $100,000 0.1 Colonial 2,720 0.46 3 2-1
T 10 Somerset Road 3/12/2018 $0 0.1 Dormitory 2,880 0.54 5 3-
U 2 Somerset Road 1/29/2020 $1,295,000 0.1 Colonial 2,191 0.23 4 2-1
V 11 Hussey Farm Road $0 0.1 Cape Cod 1,986 0.76 3 2-1
W 20 Hummock Pond Road 7/7/1998 $0 0.1 Colonial 1,912 0.46 3 3-
X 54 Vesper Lane 6/13/2019 $0 0.1 Colonial 3,210 0.49 5 3-1
Y 12 Roberts Lane 4/25/2003 $495,000 0.1 Colonial 1,741 0.47 3 4-
Z 2 Pinkham Circle $0 0.1 Colonial 1,120 0.51 2 2-
- 2 Meadow View Drive 3/4/2019 $0 0.1 Colonial 1,824 0.46 3 2-1
- 8 Hussey Farm Road 12/11/2015 $1,137,500 0.1 Cape Cod 3,159 0.46 3 3-
- 16 Somerset Road 6/20/2018 $967,500 0.1 Colonial 2,562 0.46 4 3-1
- 22 Hummock Pond Road 1/6/2020 $0 0.1 Cape Cod 1,600 0.74 3 1-
- 10 Hussey Farm Road 12/31/2012 $0 0.1 Cape Cod 3,946 0.5 4 5-
- 4 Pinkham Circle 11/14/2012 $900,000 0.1 Cape Cod 2,874 0.34 3 3-1
- 21 Roberts Lane 7/15/1999 $0 0.1 Ranch 900 0.44 3 1-
Averages 5604 days $949,078 0.08 --- 2,094 0.51 --- ---  
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 95 7 Somerset Road