7 Bank Street, Nantucket, MA 02554

7 Bank Street Nantucket MA 02554
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Owner Information
Owner 1
Nicole Alexandria Tirapelli
Owner 2
Owner's Address
7 Bank St #155 Siasconset, MA 02654
Market Sale Information
Most recent sale date
6/19/2020
Previous sale date
12/09/2014
Transfer document #
C27722-
Previous transfer document
C0025461-0
Grantor
Wendy B McCormick Rev Trust
Previous grantor
Michael J McCormick
Most recent sale price
$1,050,000.00
Previous sale price
$0.00
Site Information
Property ID
7313-27
Lot Size
0.05
Use Code
101 - Residential, single family
Zoning
SOH
Building Style
Conventional
Number of Rooms
Stories
2
Number of Beds
2
Year Built
1910
Number of full baths
2
Condition
Number of half baths
1
Finished Area
1243
Number of Kitchen
1
Gross Living Area
1397
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
2025
Land Value
$846,500.00
Total value
$1,948,700.00
Building value
$1,102,200.00
Estimated tax
$6,391.00
Yard improvement value
$0.00
Flood Map MassMapper Google Street View
Certified Mass Appraisal
20082009201020112012201320142015201620172018201920202021202220232024$0$500,000$1,000,000$1,500,000$2,000,000$2,500,000Total Assessment ($)ImprovementsLandBuildingTotal Assessment
Comparable Properties
Mailing Labels $Valuation Report Copy To Clipboard
16 King Street12 West Sankaty Road7 Bank Street1 Chapel Street7 Comeau Lane$0$500,000$1,000,000$1,500,000$2,000,000$2,500,000$3,000,000Subject PropertyTotal Assessment ($)Total Assessment
Address 7 Bank Street A) 1 Chapel StreetB) 16 King StreetC) 12 West Sankaty RoadD) 7 Comeau Lane
Photo
Plan
Map
Proximity 0.10.20.30.4
Last Sold 4/22/20251/24/20254/15/20251/21/2025
Price $2,700,000$1,830,000$1,950,000$3,625,000
Net Living Area 1,4121,2531,1491,224
Stories 1211.5
Sale Price/sft $844.73$1912.18$1460.49$1697.13$2961.60
Style ConventionalConventionalConventionalBungalowCape Cod
Age 19101930193019201979
Rooms 6
Bedrooms 23433
Full baths 22122
Half baths 11
Gross Living Area 13971929154813172736
Heating Fuel Hot WaterForced Air-DucNoneHot WaterElectr Basebrd
Detached Garage
Lot Size 0.050.040.180.10.19
Roof Cover Asph/F Gls/CmpWood ShingleAsph/F Gls/CmpAsph/F Gls/CmpAsph/F Gls/Cmp
AEM Value - Building $1,102,200.00$1,494,900$307,100$415,100$1,375,200
AEM Value - Land $846,500.00$800,200$1,261,000$1,190,600$1,058,900
AEM Value - Other $0.00$0$0$0$0
AEM Value - Total $1,948,700.00$2,295,100$1,568,100$1,605,700$2,434,100
# Address Last Sold Sale Price Dist(m) Style LA (sq ft) Lot(ac) BR F-HB
@ 7 Bank Street 6/19/2020 $1,050,000 0 Conventional 1,243 0.05 2 2-1 -
  Criteria
A 1 Chapel Street 4/22/2025 $2,700,000 0.1 Conventional 1,412 0.04 3 2-1
B 16 King Street 1/24/2025 $1,830,000 0.2 Conventional 1,253 0.18 4 1-
C 12 West Sankaty Road 4/15/2025 $1,950,000 0.3 Bungalow 1,149 0.1 3 2-
D 7 Comeau Lane 1/21/2025 $3,625,000 0.4 Cape Cod 1,224 0.19 3 2-
Averages 85 days $2,526,250 0.25 --- 1,260 0.13 --- ---  

Estimation of Market Value - $2,492,409

As of today, 05/30/2025, the estimated market value of 7 Bank Street, Nantucket considering the above 4 comparable properties is $2,492,409.

 

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
Copy to Clipboard
Subject Property31 Codfish Park Road1 Jackson Street25 Codfish Park Road5 Jackson Street21 Codfish Park Road1 Fawcett Way12 Center Sias Street16 Broadway10 Center Sias Street7 Beach Street14 Broadway15 Broadway14 Center Sias Street18 Broadway7 Bank Street21 Broadway13 Broadway23 Broadway17 Broadway9 Beach Street20 Broadway25 Broadway22 Broadway19 Broadway24 Broadway20 Center Sias Street18 Center Sias Street$0$500,000$1,000,000$1,500,000$2,000,000$2,500,000$3,000,000Total Assessment ($)Total Assessment
# Address Last Sold Sale Price Dist(m) Style LA (sq ft) Lot(ac) BR F-HB
@ 7 Bank Street 6/19/2020 $1,050,000 0 Conventional 1,243 0.05 2 2-1 -
  Criteria
A 5 Bank Street 7/31/2020 $0 0.0 Bungalow 466 0.05 1 1-
B 10 Beach Street 10/17/2019 $600,000 0.0 Cape Cod 934 0.05 1 2-1
C 1 Bank Street 6/26/2009 $0 0.0 Colonial 812 0.07 3 1-
D 7 Front Street 1/2/1991 $100 0.0 Cape Cod 1,002 0.06 3 1-1
E 15 Beach Street 6/13/2008 $0 0.0 Bungalow 1,320 0.1 2 2-
F 5 Front Street 12/28/1992 $0 0.0 Vacant Land 0.04 -
G 12 Codfish Park Road 4/7/2021 $1,850,000 0.0 Cape Cod 1,457 0.11 2 2-
H 8 Bank Street 10/5/2020 $683,000 0.0 Bungalow 387 0.03 1 1-
I 11 Beach Street 10/22/2020 $670,000 0.0 Cottage 456 0.02 2 1-
J 16 Codfish Park Road 7/12/2011 $0 0.0 Conventional 1,224 0.11 2 2-
K 10 Codfish Park Road $250,000 0.0 Outbuildings 0.2 -
L 9 Front Street 3/18/2021 $2,350,000 0.0 Vacant Land 0.01 -
M 7 Broadway 10/14/1999 $640,000 0.0 Antique 615 0.04 3 1-
N 5 Broadway 12/28/1992 $0 0.0 Bungalow 462 0.07 1 1-
O 9 Broadway 3/18/2021 $2,350,000 0.0 Conventional 1,775 0.04 3 3-
P 9 Beach Street 8/20/2014 $0 0.0 Cape Cod 1,410 0.12 3 3-
Q 7 Beach Street 3/1/2000 $240,000 0.0 Bungalow 666 0.06 2 2-
R 3 Broadway 11/15/1990 $250,000 0.0 Conventional 1,844 0.05 3 2-1
S 11 Broadway 12/11/2012 $0 0.0 Antique 1,902 0.03 5 2-
T 8 Codfish Park Road 12/31/2012 $0 0.0 Vacant Land 0.39 -
U 11 Bank Street 5/12/2004 $0 0.0 Conventional 1,139 0.17 3 2-
V 11 Front Street 1/26/2012 $2,180,000 0.0 Colonial 1,366 0.12 3 2-
W 13 Bank Street 11/28/2016 $781,000 0.0 Cottage 692 0.05 1 1-
X 1 Broadway 4/13/2000 $0 0.0 Conventional 1,724 0.04 5 2-
Y 13 Broadway 10/25/2013 $0 0.0 Antique 1,625 0.05 3 1-1
Z 6 Broadway 10/7/2002 $650,000 0.0 Antique 696 0.04 2 1-
- 4 Broadway $0 0.0 Antique 738 0.06 2 1-
- 8 Broadway 9/7/2017 $1,550,000 0.0 Antique 1,255 0.04 4 2-
- 2 Broadway 11/8/2018 $0 0.0 Antique 1,911 0.08 4 1-
- 10 Broadway 9/27/2017 $0 0.0 Antique 1,003 0.08 3 2-
- 21 Codfish Park Road 1/20/1999 $0 0.0 Vacant Land 0.02 -
- 7 Elbow Lane 11/14/2007 $0 0.0 Conventional 3,625 0.46 5 4-
- 15 Broadway 10/15/2015 $1,095,000 0.0 Antique 1,526 0.03 3 3-
- 7 Fawcett Way 8/19/1998 $159,000 0.0 Conventional 1,307 0.06 2 2-1
- 13 Front Street 9/9/2004 $0 0.0 Antique 1,733 0.1 5 3-1
- 15 Bank Street 6/17/2013 $945,000 0.0 Antique 825 0.08 3 1-
- 24 Codfish Park Road 2/1/2013 $715,000 0.0 Cottage 724 0.04 2 1-
- 6 Center Sias Street 8/18/2023 $2,650,000 0.1 Antique 1,246 0.03 3 2-
- 14 Broadway 5/23/2011 $885,000 0.1 Antique 1,153 0.05 3 2-
- 17 Broadway 11/20/2019 $960,000 0.1 Colonial 2,314 0.04 5 2-
- 2 Center Sias Street 10/19/2021 $1,800,000 0.1 Antique 1,243 0.09 3 1-1
- 8 Jackson Street Unit 1 8/18/2010 $0 0.1 Condominium 520 0 2 1-
- 6 Jackson Street Unit 2 3/10/2015 $500,000 0.1 Condominium 522 0 2 1-
- 8 Center Sias Street 1/10/2019 $1,330,000 0.1 Antique 1,541 0.03 4 2-
- 16 Broadway 9/6/1996 $0 0.1 Bungalow 1,029 0.04 2 2-1
- 26 Codfish Park Road 6/10/2016 $810,900 0.1 Cottage 648 0.08 3 2-1
- 2 Main Sias Street $0 0.1 Outbuildings 0.14 -
- 25 Codfish Park Road $0 0.1 Vacant Land 0.15 -
- 15 Front Street 10/31/2014 $0 0.1 Antique 1,372 0.09 4 1-1
- 19 Broadway 12/12/2019 $1,100,000 0.1 Conventional 1,590 0.04 4 2-1
- 4 Shell Street 9/24/2008 $2,200,000 0.1 Colonial 1,945 0.1 3 2-
- 4 Codfish Park Road 10/18/1995 $0 0.1 Vacant Land 0.38 -
- 5 Elbow Lane 9/29/2020 $1,666,625 0.1 Antique 1,104 0.12 4 1-
- 0 New Sias Street 11/14/2016 $1,124,100 0.1 Conventional 1,782 0.04 2 3-
- 10 Center Sias Street 9/10/2024 $1,675,000 0.1 Conventional 972 0.03 3 1-
- 1 Folgers Court $0 0.1 Other Municipa 332 0.01 0 0-
- 3 Folgers Court 11/3/2006 $250,000 0.1 Vacant Land 0.01 -
- 18 Broadway 4/12/1994 $102,847 0.1 Conventional 1,345 0.04 4 2-
- 19 Bank Street 8/9/2021 $2,900,000 0.1 Antique 1,607 0.08 4 2-1
- 5 Main Sias Street 10/1/2013 $2,740,000 0.1 Custom Built 3,882 0.2 4 4-1
- 21 Broadway 7/6/2006 $1,925,000 0.1 Antique 1,436 0.03 6 2-
- 4 Main Sias Street 1/26/2024 $5,200,000 0.1 Aptovrret/Off 3,408 0.08 4 2-
- 5 Folgers Court 10/31/2022 $1,600,000 0.1 Conventional 823 0.03 2 1-1
- 12 Center Sias Street $0 0.1 Bungalow 1,205 0.03 3 2-
- 1 Fawcett Way 1/3/1994 $0 0.1 Vacant Land 0.2 -
- 2 New Sias Street 8/31/2021 $0 0.1 Bungalow 930 0.08 3 1-
- 2 Elbow Lane 7/1/1982 $0 0.1 Antique 933 0.05 3 1-1
- 9 Park Lane 10/11/1990 $0 0.1 Cottage 384 0.04 1 1-
- 7 Jackson Street 6/3/2016 $0 0.1 Ranch 1,136 0.15 2 2-1
- 19 Front Street 11/23/2021 $0 0.1 Antique 2,575 0.11 5 3-1
- 5 Codfish Park Road 8/2/1993 $0 0.1 Vacant Land 3.7 -
- 12 Shell Street 3/7/2022 $100,000 0.1 Custom Built 1,855 0.05 4 3-
- 20 Broadway 6/10/2013 $0 0.1 Conventional 1,526 0.07 4 2-
- 4 Elbow Lane 8/9/2002 $995,000 0.1 Colonial 1,861 0.12 3 2-1
- 14 Center Sias Street 9/16/2019 $0 0.1 Antique 2,482 0.04 3 2-1
- 3 Elbow Lane 8/2/2007 $3,600,000 0.1 Conventional 2,190 0.21 3 2-1
- 6 Elbow Lane 1/30/2023 $2,800,000 0.1 Antique 1,463 0.14 2 1-
- 23 Broadway 10/12/2006 $0 0.1 Antique 1,319 0.04 4 2-
- 5 Gully Road 8/24/2012 $1,600,000 0.1 Cape Cod 1,998 0.16 3 3-
- 1 New Sias Street 12/23/2013 $1,525,000 0.1 Aptovrret/Off 1,799 0.21 4 2-
- 5 Jackson Street 12/4/2006 $0 0.1 Vacant Land 0.1 -
- 6 Main Sias Street 4/21/2019 $0 0.1 Aptovrret/Off 1,955 0.05 2 2-
- 3 Gully Road 9/17/1990 $587,500 0.1 Conventional 2,144 0.16 3 2-
- 21 Bank Street 5/17/2019 $1,070,000 0.1 Bungalow 547 0.06 2 1-
- 14 Shell Street 7/11/2019 $0 0.1 Colonial 1,154 0.03 2 2-
- 9 Gully Road 1/24/2020 $1,950,000 0.1 Vacant Land 0.07 -
- 21 Front Street 8/2/1999 $875,000 0.1 Antique 2,355 0.05 5 3-
- 30 Codfish Park Road 12/18/2020 $2,600,000 0.1 Cottage 812 0.12 2 2-
- 1 Jackson Street $0 0.1 Vacant Land 0 -
- 22 Broadway 9/30/2015 $1,350,000 0.1 Conventional 1,193 0.04 4 2-
- 18 Center Sias Street 10/18/2021 $1,300,000 0.1 Conventional 1,978 0.06 5 2-1
- 3 New Sias Street 10/27/2020 $1,475,000 0.1 Antique 1,704 0.1 2 2-
- 1 Elbow Lane 1/24/2020 $1,950,000 0.1 Colonial 2,016 0.16 4 2-
- 8 Main Sias Street 2/2/2017 $0 0.1 Aptovrret/Off 2,158 0.04 2 2-
- 25 Broadway 6/30/2015 $800,000 0.1 Antique 2,652 0.03 4 4-1
- 6 Folgers Court 6/27/2022 $0 0.1 Ranch 1,248 0.2 4 2-
- 23 Bank Street 10/1/2024 $3,995,000 0.1 Custom Built 1,247 0.13 2 2-1
- 24 Broadway 8/18/2020 $0 0.1 Conventional 1,849 0.05 5 2-1
- 23 Front Street-Lot 93 10/25/2017 $0 0.1 Antique 1,344 0.04 4 1-
- 23 Front Street 9/5/2024 $2,755,000 0.1 Vacant Land 0.03 -
- 9-R New Sias Street 3/9/2006 $0 0.1 Vacant Land 0.18 -
- 20 Shell Street 2/5/2025 $1,715,000 0.1 Conventional 894 0.07 2 1-
- 16 Shell Street 1/13/2011 $0 0.1 Antique 1,150 0.14 4 1-1
- 32 Codfish Park Road 3/20/2006 $0 0.1 Bungalow 892 0.09 3 1-
- 5 New Sias Street 5/26/2022 $0 0.1 Conventional 1,766 0.11 3 3-
- 0 Gully Road 6/29/1984 $110,000 0.1 Vacant Land 0.77 -
- 27 Broadway 10/7/2021 $0 0.1 Antique 2,340 0.12 3 3-
- 18 Shell Street 10/23/2015 $0 0.1 Cottage 650 0.07 1 1-
- 20 Center Sias Street 12/6/2022 $0 0.1 Antique 1,993 0.11 5 2-1
- 2 King Street 9/13/2019 $1,280,000 0.1 Bungalow 1,064 0.06 3 2-
- 25 Bank Street 8/31/2023 $2,000,000 0.1 Conventional 615 0.03 1 1-
- 7 New Sias Street 5/26/2022 $0 0.1 Vacant Land 0.07 -
- 23-R Bank Street 9/25/2009 $794,000 0.1 Cape Cod 756 0.04 2 2-
- 34 Codfish Park Road 12/18/2020 $3,695,000 0.1 Custom Built 2,649 0.11 5 5-1
- 26 Broadway 8/29/2006 $1,350,000 0.1 Antique 1,193 0.1 4 1-1
- 4 King Street 2/16/2021 $0 0.1 Ranch 528 0.03 1 1-
- 31 Codfish Park Road 8/12/1993 $0 0.1 Vacant Land 0 -
- 1 Grand Avenue 12/12/1989 $495,000 0.1 Conventional 1,264 0.12 3 2-
- 6 King Street 3/11/2021 $0 0.1 Cape Cod 896 0.08 3 2-
- 10 New Sias Street $0 0.1 Clubs/Lodges 8,368 2.09 2 2-
- 27 Bank Street 11/21/2001 $0 0.1 Conventional 1,141 0.08 3 1-
- 3 Grand Avenue 3/30/2021 $3,300,000 0.1 Colonial 3,810 0.14 5 6-1
- 8 King Street 10/9/2001 $0 0.1 Conventional 1,884 0.31 3 2-
- 8 North Gully Road 8/15/2023 $3,595,000 0.1 Colonial 627 0.06 2 2-
- 1 Ocean Avenue 11/18/2011 $0 0.1 Antique 8,523 0.85 5 5-1
- 25 Shell Street 10/8/2013 $0 0.1 Bungalow 1,093 0.05 3 2-
- 29 Broadway 12/9/2004 $0 0.1 Antique 3,544 0.21 4 3-1
- 29 Bank Street 7/6/2022 $0 0.1 Colonial 1,504 0.07 4 4-
- 9 New Sias Street 10/21/2004 $4,000,000 0.1 Restaurant 6,653 0.57 0 3-
- 36 Codfish Park Road 5/16/2017 $0 0.1 Colonial 1,460 0.11 2 2-1
- 26 Shell Street 10/1/1992 $150,000 0.1 Antique 866 0.12 2 1-
- 2 Gully Road 12/22/2022 $4,750,000 0.1 Vacant Land 3.18 -
- 5 Grand Avenue 9/26/2008 $200,000 0.1 Custom Built 3,079 0.12 4 3-1
Averages 4839 days $813,076 0.07 --- 1,366 0.17 --- ---  
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
7313 27 7 Bank Street