24 Lovers Lane, Nantucket, MA 02554

24 Lovers Lane Nantucket MA 02554
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Owner Information
Owner 1
Francisco N Merlos
Owner 2
Owner's Address
8B Greglen Ave Nantucket, MA 02554
Market Sale Information
Most recent sale date
6/15/2022
Previous sale date
07/15/1985
Transfer document #
C28863-
Previous transfer document
C0011-0936
Grantor
Michael P McDonough
Previous grantor
Most recent sale price
$1,750,000.00
Previous sale price
$0.00
Site Information
Property ID
68-147
Lot Size
0.53
Use Code
101 - Residential, single family
Zoning
R20
Building Style
Ranch
Number of Rooms
Stories
1
Number of Beds
3
Year Built
1960
Number of full baths
2
Condition
Number of half baths
Finished Area
2378
Number of Kitchen
1
Gross Living Area
3099
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
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
$745,200.00
Total value
$1,522,700.00
Building value
$777,500.00
Estimated tax
$4,766.00
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 24 Lovers Lane Photo Plan Map Proximity Last Sold Price Net Living Area Stories Sale Price/sft $735.91 Style Ranch Age 1960 Rooms Bedrooms 3 Full baths 2 Half baths Gross Living Area 3099 Heating Fuel Hot Water Detached Garage Lot Size 0.53 Roof Cover Asph/F Gls/Cmp AEM Value - Building $777,500.00 AEM Value - Land $745,200.00 AEM Value - Other $0.00 AEM Value - Total $1,522,700.00
A) 10 Kittiwake Lane 0.4 8/22/2024 $2,425,000 2,634 2 $920.65 Colonial 1997 3 2 1 3971 Forced Air-Duc 0.14 Asph/F Gls/Cmp $1,049,500 $485,700 $0 $1,535,200
B) 7 Falcon Court 0.6 4/19/2024 $2,475,000 2,568 2 $963.79 Colonial 1998 3 4 5252 Forced Air-Duc 0.12 Asph/F Gls/Cmp $1,199,500 $484,500 $0 $1,684,000
C) 133 Surfside Road 1.0 9/18/2024 $3,200,000 1,986 1.75 $1611.28 Cape Cod 1996 3 2 4067 Hot Water 0.63 Asph/F Gls/Cmp $692,900 $1,200,900 $0 $1,893,800
# Address Last Sold Sale Price Dist(m) Style LA (sq ft) Lot(ac) BR F-HB
@ 24 Lovers Lane 6/15/2022 $1,750,000 0 Ranch 2,378 0.53 3 2- -
  Criteria
A 10 Kittiwake Lane 8/22/2024 $2,425,000 0.4 Colonial 2,634 0.14 3 2-1
B 7 Falcon Court 4/19/2024 $2,475,000 0.6 Colonial 2,568 0.12 3 4-
C 133 Surfside Road 9/18/2024 $3,200,000 1.0 Cape Cod 1,986 0.63 3 2-
Averages 77 days $2,700,000 0.66 --- 2,396 0.3 --- ---  

Estimation of Market Value - $2,545,987

As of today, 10/05/2024, the estimated market value of 24 Lovers Lane, Nantucket considering the above 3 comparable properties is $2,545,987.

 

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
@ 24 Lovers Lane 6/15/2022 $1,750,000 0 Ranch 2,378 0.53 3 2- -
  Criteria
A 22 Lovers Lane $0 0.0 Colonial 2,042 0.53 5 2-1
B 26 Lovers Lane 4/9/1996 $222,300 0.0 Colonial 2,512 0.53 3 4-
C 13-B Greglen Avenue 9/8/2015 $41,500 0.0 Family Duplex 5,103 0.3 6 4-2
D 20 Lovers Lane 8/19/2021 $0 0.0 Cape Cod 1,482 0.53 4 2-
E 28 Lovers Lane 4/30/2002 $270,000 0.0 Colonial 2,475 0.53 3 3-
F 6 Beverly Court 7/14/2014 $0 0.0 Colonial 2,643 0.14 1 3-1
G 11-B Greglen Avenue 3/20/2015 $300,000 0.0 Family Duplex 4,763 0.3 6 4-2
H 19 Greglen Avenue 6/15/2012 $300,000 0.1 Cape Cod 1,290 0.53 3 2-
I 11-A Greglen Avenue 12/30/2021 $1,500,000 0.1 Cape Cod 2,087 0.3 4 3-
J 18 Lovers Lane $0 0.1 Colonial 2,136 0.34 3 2-1
K 30 Lovers Lane 11/1/1999 $205,000 0.1 Ranch 3,408 0.52 3 6-1
L 9 Greglen Avenue 6/12/2017 $425,000 0.1 Family Duplex 5,734 0.42 8 10-
M 5 Davkim Lane 7/14/2014 $0 0.1 Colonial 2,080 0.29 3 1-1
N 14-A Greglen Avenue 9/7/2016 $1,050,000 0.1 Office Bldg 264 0.24 0-1
O 16 Greglen Avenue 6/27/2017 $0 0.1 Family Duplex 1,252 0.55 3 2-
P 12-A Greglen Avenue 10/21/2016 $1,050,000 0.1 Vacant Land 0.26 -
Q 7 Greglen Avenue 12/12/2014 $2,940 0.1 Colonial 1,664 0.58 3 1-1
R 18-A Greglen Avenue 10/10/2014 $396,900 0.1 Vacant Land 0.28 -
S 10-A Greglen Avenue 9/16/2016 $525,000 0.1 Vacant Land 0.29 -
T 32 Lovers Lane 2/14/2002 $870,000 0.1 Cape Cod 3,188 0.56 3 3-1
U 14 Lovers Lane 8/28/1984 $0 0.1 Vacant Land 0.69 -
V 5 Chicory Place 3/2/2017 $1,475,000 0.1 Apartments 4,292 0.39 8 8-
W 20 Greglen Avenue 5/10/2024 $2,850,000 0.1 Office Bldg 2,408 0.56 5 3-
X 8-A Greglen Avenue 9/2/2015 $480,000 0.1 Vacant Land 0.27 -
Y 0 Ticcoma Way 11/6/1996 $350,000 0.1 Vacant Land 8.22 -
Z 4 Davkim Lane 3/27/2018 $0 0.1 Cape Cod 1,374 0.76 2 1-
- 6 Davkim Lane 12/8/2021 $0 0.1 Ranch 1,004 0.62 3 2-
- 12 Lovers Lane 4/14/2017 $0 0.1 Ranch 1,600 0.54 3 2-
- 6-A Greglen Avenue 10/22/2015 $466,250 0.1 Vacant Land 0.25 -
- 13 Nancy Ann Lane 8/7/2023 $2,550,000 0.1 Vacant Land 0.56 -
Averages 4257 days $510,996 0.08 --- 1,827 0.7 --- ---  
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
68 147 24 Lovers Lane