7 Fifth Way, Nantucket, MA 02554

7 Fifth Way Nantucket MA 02554
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Owner Information
Owner 1
Michelle Lamb
Owner 2
Owner's Address
7 Fifth Wy Nantucket, MA 02554
Market Sale Information
Most recent sale date
2/21/1992
Previous sale date
Transfer document #
00381-0157
Previous transfer document
00136-0138
Grantor
Peter Hull
Previous grantor
Most recent sale price
$1.00
Previous sale price
$0.00
Site Information
Property ID
67-122
Lot Size
0.15
Use Code
101 - Residential, single family
Zoning
R10
Building Style
Colonial
Number of Rooms
Stories
2
Number of Beds
3
Year Built
1975
Number of full baths
2
Condition
Number of half baths
Finished Area
2038
Number of Kitchen
1
Gross Living Area
2395
Number of Fireplaces
Bsmnt floot
Number of parking
Interior walls
Drywall/Sheet
Floor type
Pine/Soft Wood
Solar Hot Water
No
Roof Structure
Gambrel
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
$508,100.00
Total value
$1,239,600.00
Building value
$731,500.00
Estimated tax
$3,879.00
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 Fifth Way Photo Plan Map Proximity Last Sold Price Net Living Area Stories Sale Price/sft $0.00 Style Colonial Age 1975 Rooms Bedrooms 3 Full baths 2 Half baths Gross Living Area 2395 Heating Fuel Hot Water Detached Garage Lot Size 0.15 Roof Cover Asph/F Gls/Cmp AEM Value - Building $731,500.00 AEM Value - Land $508,100.00 AEM Value - Other $0.00 AEM Value - Total $1,239,600.00
A) 8 Essex Road 0.4 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
B) 7 Yompasham Lane 0.4 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
C) 121 Orange Street 0.6 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
D) 16 Polliwog Pond Road 0.6 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
E) 8 Luff Road 0.7 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
F) 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
G) 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
# Address Last Sold Sale Price Dist(m) Style LA (sq ft) Lot(ac) BR F-HB
@ 7 Fifth Way 2/21/1992 $1 0 Colonial 2,038 0.15 3 2- -
  Criteria
A 8 Essex Road 5/15/2024 $1,900,000 0.4 Colonial 1,872 0.31 3 3-
B 7 Yompasham Lane 2/14/2024 $2,262,500 0.4 Conventional 1,878 0.25 3 3-
C 121 Orange Street 3/1/2024 $800,000 0.6 Antique 1,574 0.3 3 1-
D 16 Polliwog Pond Road 1/9/2024 $2,250,000 0.6 Cape Cod 1,830 0.24 5 2-
E 8 Luff Road 5/9/2024 $1,900,000 0.7 Ranch 1,894 0.36 3 2-
F 38 Pine Street 1/31/2024 $2,225,000 0.8 Antique 1,707 0.07 3 1-1
G 1 Farmer Street 5/10/2024 $3,600,000 0.9 Antique 2,430 0.06 3 3-1
Averages 109 days $2,133,929 0.62 --- 1,884 0.23 --- ---  

Estimation of Market Value - $1,908,470

As of today, 07/04/2024, the estimated market value of 7 Fifth Way, Nantucket considering the above 7 comparable properties is $1,908,470.

 

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 Fifth Way 2/21/1992 $1 0 Colonial 2,038 0.15 3 2- -
  Criteria
A 8 Fourth Way 2/17/2010 $0 0.0 Colonial 1,636 0.36 3 2-1
B 29 Allens Lane 3/28/2021 $0 0.0 Ranch 1,144 0.3 3 1-1
C 27 Allens Lane 7/10/2018 $0 0.0 Colonial 3,608 0.26 5 4-
D 8 Fifth Way 12/31/2012 $0 0.0 Modern/Contemp 3,915 0.39 4 2-
E 14 Alexandia Drive 2/25/1994 $745,000 0.0 Family Duplex 2,599 0.23 5 4-
F 0 Backus Lane-Rear 12/28/2000 $530,000 0.0 Vacant Land 4.75 -
G 12 Alexandia Drive 2/14/2011 $550,000 0.0 Family Duplex 3,021 0.29 5 6-
H 3 Fifth Way 11/9/2021 $1,060,000 0.1 Ranch 1,939 0.19 3 1-1
I 28 Allens Lane $150,000 0.1 Ranch 1,226 0.2 2 1-
J 25 Allens Lane 11/5/2012 $694,500 0.1 Ranch 2,414 0.34 4 3-1
K 13 Alexandia Drive 11/16/2007 $0 0.1 Family Duplex 2,028 0.24 5 4-
L 4 Fifth Way 9/11/2015 $625,000 0.1 Ranch 2,343 0.39 4 2-
M 26 Allens Lane 9/28/2007 $575,000 0.1 Ranch 1,016 0.23 2 1-
N 10 Alexandia Drive 8/4/2017 $390,000 0.1 Family Duplex 3,456 0.27 8 6-
O 43 Hooper Farm Road 7/5/2000 $0 0.1 Ranch 1,352 0.18 3 2-
P 41 Hooper Farm Road 6/9/2021 $0 0.1 Colonial 1,900 0.19 3 3-
Q 11 Alexandia Drive 12/28/2021 $0 0.1 Family Duplex 1,728 0.26 4 2-
R 45 Hooper Farm Road 3/29/2002 $0 0.1 Family Duplex 2,606 0.23 3 3-
S 9 Backus Lane 3/25/2019 $0 0.1 Vacant Land 6.86 -
T 21 Allens Lane 3/11/2022 $0 0.1 Ranch 2,528 0.53 4 2-
U 24 Allens Lane 8/18/2017 $0 0.1 Vacant Land 0.24 -
V 39 Hooper Farm Road 4/8/2022 $1,100,000 0.1 Ranch 1,266 0.25 3 1-1
W 47 Hooper Farm Road 1/30/2018 $500,000 0.1 Ranch 912 0.23 2 1-
X 8 Alexandia Drive 1/30/2017 $0 0.1 Family Conver. 2,157 0.24 5 3-
Y 49 Hooper Farm Road 6/18/2020 $0 0.1 Ranch 2,955 0.45 5 4-
Z 9 Alexandia Drive 6/3/1998 $350,000 0.1 Family Duplex 2,796 0.23 6 5-
- 49-R Hooper Farm Road 6/18/2020 $0 0.1 Outbuildings 0.18 -
- 37 Hooper Farm Road 8/18/2017 $0 0.1 Ranch 1,302 0.26 4 2-
- 7 Alexandia Drive 6/30/2017 $1,000,000 0.1 Family Duplex 1,785 0.27 4 2-
- 17 Backus Lane 12/28/2000 $800,000 0.1 Vacant Land 1.27 -
- 6 Alexandia Drive 10/2/2020 $922,500 0.1 Cape Cod 1,404 0.24 3 2-
- 28 New Street 4/3/2012 $1,025,000 0.1 Colonial 2,076 0.13 3 2-1
- 35 Hooper Farm Road 3/31/1995 $209,000 0.1 Ranch 3,334 0.48 5 4-1
- 51 Hooper Farm Road 10/26/2018 $895,000 0.1 Ranch 728 0.41 2 1-
- 44 Hooper Farm Road 11/30/2015 $0 0.1 Ranch 1,520 0.84 3 2-
- 40 Hooper Farm Road 11/25/2011 $0 0.1 Cape Cod 3,545 0.23 6 4-
- 8 Second Way 6/28/2022 $1,400,000 0.1 Colonial 2,240 0.17 4 2-1
- 38 Hooper Farm Road 9/2/2011 $0 0.1 Bungalow 816 0.24 3 1-
- 21 Backus Lane 11/16/2001 $0 0.1 Vacant Land 0.95 -
- 6 Second Way 10/24/2011 $399,000 0.1 Cape Cod 2,250 0.24 5 2-
- 3 Alexandia Drive 8/2/2016 $0 0.1 Cape Cod 1,632 0.13 3 2-
- 4 Alexandia Drive 8/30/2017 $1,100,000 0.1 Family Duplex 2,106 0.24 5 4-
- 48 Hooper Farm Road 10/3/2014 $550,000 0.1 Cape Cod 1,355 0.23 3 2-
- 53 Hooper Farm Road 1/16/2018 $0 0.1 Ranch 1,232 0.51 3 2-
- 4 Second Way 1/25/2005 $825,000 0.1 Ranch 1,262 0.11 2 2-
- 36 Hooper Farm Road 11/28/2018 $995,000 0.1 Ranch 2,111 0.24 4 2-
- 5 Hull Lane 10/26/2010 $412,000 0.1 Cape Cod 2,190 0.24 3 3-1
- 34 Hooper Farm Road 6/11/1996 $0 0.1 Ranch 640 0.07 2 1-
- 2 Alexandia Drive 12/18/2017 $616,666 0.1 Cape Cod 1,705 0.25 5 3-
Averages 4159 days $375,891 0.08 --- 1,751 0.54 --- ---  
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
67 122 7 Fifth Way