81 Somerset Road, Nantucket, MA 02554

81 Somerset Road Nantucket MA 02554
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Owner Information
Owner 1
Edward W Burnham
Owner 2
Owner's Address
81 Somerset Road Nantucket, MA 02554
Market Sale Information
Most recent sale date
6/18/1993
Previous sale date
03/29/1993
Transfer document #
00418-0159
Previous transfer document
00411-0026
Grantor
Robert Y Berlin
Previous grantor
Katharine E Myar
Most recent sale price
$177,000.00
Previous sale price
$0.00
Site Information
Property ID
66-82
Lot Size
0.47
Use Code
101 - Residential, single family
Zoning
R20
Building Style
Cape Cod
Number of Rooms
Stories
1
Number of Beds
3
Year Built
1979
Number of full baths
2
Condition
Number of half baths
Finished Area
3165
Number of Kitchen
1
Gross Living Area
4081
Number of Fireplaces
Bsmnt floot
Number of parking
Interior walls
Drywall/Sheet
Floor type
Hardwood
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
$741,600.00
Total value
$1,602,600.00
Building value
$861,000.00
Estimated tax
$5,016.00
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 81 Somerset Road Photo Plan Map Proximity Last Sold Price Net Living Area Stories Sale Price/sft $55.92 Style Cape Cod Age 1979 Rooms Bedrooms 3 Full baths 2 Half baths Gross Living Area 4081 Heating Fuel Electr Basebrd Detached Garage Lot Size 0.47 Roof Cover Asph/F Gls/Cmp AEM Value - Building $861,000.00 AEM Value - Land $741,600.00 AEM Value - Other $0.00 AEM Value - Total $1,602,600.00
A) 8 Austin Farm Drive 0.4 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
B) 10 Aurora Way 0.6 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
# Address Last Sold Sale Price Dist(m) Style LA (sq ft) Lot(ac) BR F-HB
@ 81 Somerset Road 6/18/1993 $177,000 0 Cape Cod 3,165 0.47 3 2- -
  Criteria
A 8 Austin Farm Drive 3/1/2024 $8,500,000 0.4 Colonial 2,798 0.92 3 2-1
B 10 Aurora Way 1/9/2024 $4,650,000 0.6 Colonial 2,468 0.18 4 3-1
Averages 149 days $6,575,000 0.50 --- 2,633 0.55 --- ---  

Estimation of Market Value - $5,610,918

As of today, 07/01/2024, the estimated market value of 81 Somerset Road, Nantucket considering the above 2 comparable properties is $5,610,918.

 

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
@ 81 Somerset Road 6/18/1993 $177,000 0 Cape Cod 3,165 0.47 3 2- -
  Criteria
A 79 Somerset Road 7/31/2020 $0 0.0 Colonial 1,632 0.47 3 2-
B 83 Somerset Road 11/25/2019 $650,000 0.0 Colonial 512 0.47 1 1-
C 77 Somerset Road 6/15/2017 $795,000 0.0 Conventional 752 0.28 3 2-
D 4 Mikes Drive 4/12/2013 $415,000 0.1 Colonial 3,426 0.46 4 3-1
E 85 Somerset Road 3/12/2024 $2,950,000 0.1 Cape Cod 2,069 0.47 2 2-1
F 14 Marble Way 12/15/1999 $0 0.1 Ranch 792 0.4 2 1-
G 44 Somerset Lane 3/29/2002 $0 0.1 Colonial 2,458 1.01 4 4-
H 42 Somerset Lane 12/24/2018 $0 0.1 Colonial 4,904 1.02 5 6-1
I 16 Marble Way 1/17/2014 $375,000 0.1 Warehouse 2,304 0.23 2 1-1
J 2 Mikes Drive 8/17/2021 $3,475,000 0.1 Custom Built 3,598 0.46 3 3-1
K 80 Somerset Road 2/1/2021 $1 0.1 Affordable Hsg 1,680 0.21 3 2-
L 12 Marble Way 4/1/1998 $265,000 0.1 Ranch 1,280 0.52 2 1-
M 69 Somerset Road 5/1/1997 $0 0.1 Cape Cod 2,998 0.47 3 2-
N 86 Somerset Road 5/10/2005 $0 0.1 Pre-Eng Whse/Gar 5,400 0.75 -
O 78 Somerset Road Unit 2 10/23/2020 $0 0.1 Affordable Hsg 1,260 0.19 3 2-
P 40 Somerset Lane 9/11/2017 $0 0.1 Ranch 3,471 0.89 5 3-1
Q 87 Somerset Road 2/14/2019 $275,000 0.1 Colonial 3,110 0.73 5 3-
R 10 Marble Way 1/5/1987 $94,630 0.1 Colonial 1,428 0.77 3 1-1
S 34 Somerset Lane 1/7/2005 $0 0.1 Cape Cod 2,924 0.97 3 3-1
T 67 Somerset Road 6/30/2010 $130,000 0.1 Modern/Contemp 2,592 0.46 4 3-
U 76 Somerset Road 6/30/2016 $630,000 0.1 Cape Cod 1,332 0.18 3 3-
V 7 Marble Way 10/2/2020 $0 0.1 Affordable Hsg 1,473 0.18 3 3-
W 3 Sleepy Hollow Road 10/2/2020 $0 0.1 Vacant Land 0.28 -
X 6 Marble Way 12/19/2017 $0 0.1 Vacant Land 0.34 -
Y 74 Somerset Road Unit 2 5/28/2021 $820,000 0.1 Affordable Hsg 1,792 0 3 2-
Z 85 Bartlett Road 12/17/2020 $0 0.1 Colonial 1,776 1.19 3 2-
- 87 Bartlett Road 10/31/2002 $0 0.1 Warehouse 2,560 0.92 0 0-
- 32 Somerset Lane 3/3/2021 $3,750,000 0.1 Custom Built 3,835 0.97 6 5-2
- 65 Somerset Road 5/18/1998 $285,000 0.1 Conventional 1,629 0.46 4 2-1
- 88 Somerset Road 3/22/1994 $65,000 0.1 Warehouse 2,996 0.95 -
Averages 4452 days $499,154 0.09 --- 2,199 0.56 --- ---  
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
66 82 81 Somerset Road