NAREB News October 21,2010 by NAREB

NANTUCKET

PROPERTY NEWS Vol. 2 No. 12

A publication of the Nantucket Association of Real Estate Brokers

Lenders no longer banking on faith

October 21, 2010

ENERGY ALTERNATIVES

New regulations “punish” borrowers, and have created a cumbersome and restrictive mortgage application process First in a Series By Mary Lancaster Property News Writer ong gone are the days when mortgage loans were practically approved with a friendly handshake. In the aftermath of this decade’s sub-prime lending crisis, borrowers are facing the

hardest line of loan applications ever put forth. Some, who just five years ago would have been considered excellent loan prospects, are being turned away for lack of required documentation or if their credit score is less than impeccable. “We encountered people this year with good credit and significant assets having trouble getting financing,” said Atlantic East co-owner and realtor Penny Dey. “Since the credit crisis Continued on page 12

LNantucket I N K Top New Listings October 6 ~ 19

ON NANTUCKET More than just abstract ideas, there is a growing sense of enthusiasm for the practical uses of wind and solar power on Nantucket. Peter Brace’s first in a five-part series begins Page 13

My Property

$3,350,000 Town Liberty Street 3/3.5 Windwalker Real Estate $2,675,000 Town West Chester Street 5/3 Maury People/ Sotheby’s $2,300,000 Wauwinet Wauwinet Road 3/2.5 Congdon & Colemen RE/Lee Real Estate $1,995,000 Madaket Starbuck Road 4/3 J Pepper Frazier Co.

$1,695,000 Mid Island Sheep Commons Lane 3/3 Congdon & Coleman Real Estate $1,295,000 Town Main Street 3/2 Nantucket Real Estate

$1,295,000 Town Union Street 3/2.5 Atlantic East Real Estate

JORDI CABRE

Fisherman & caterer Steve Bender feels at home working his three acre “oyster farm” in the Pocomo Meadows area of Nantucket Harbor.

PHOTO

with Andrew Spencer

GET REAL

LNantucket I N K Area Price

A Nickle’s Worth of Free Relationship Advice

’ve been thinking a lot recently about relationships, and what seems to be the “standard” cycle of our attachments to our respective significant others. The timeline, at least to my mind, goes something like the following. When you first see each other, there may or may not be that instant attraction, but there’s something about the other person that draws you to them. It takes a lot of courage to make that first phone call to ask that person out on that first date. And then there’s the lead-up to it, when you’re constantly worried about what to wear and what to say and what to do. But when you finally have that initial date, it’s euphoric. Everything is beautiful. There’s nothing wrong with the other person, nor is there anything wrong in the world as long as the two of you are together. Parting is, to quote a better writer than I, such sweet sorrow that it breaks you apart inside until you see your beloved again. After a time, the honeymoon period slips away, though. Faults seem to emerge from nowhere. Personality traits that used to seem quirky and cute gradually become annoying. You start to question yourself as you begin to wonder if you’ve jumped into a river that you can’t swim across. This is when you have that realization that a relationship involves work. This is the crossroads in many a relationship, that moment when the ugly W-word emerges. If you’re willing to commit to the work, you’ll be rewarded with a meaningful relationship that will last for quite some time. If, however, you’re not so inclined to extend yourself outside of your happy zone, then you’re probably looking at starting over anew with yet another person. Both options have their pros and cons; it’s simply a matter of individual choice. The important thing is that you yourself know which choice you prefer to make. But this is, thank the Maker, not a relationship column. I’m not here to offer dating advice or marriage counseling, but rather musings on real estate. But the thing is, buying a house is like entering into a relationship with another person. Think about the homebuying process for a minute. You start off looking around, and eventually find one that speaks to you on a level beyond the “hey, it looks good from the street” plane. You decide that’s the one you want, and then the game really starts in earnest. You scrimp and you save and you scrounge to get the downpayment together. And then, on that day of days, you go to the bank – after worrying, of course, about getting all your financial documents in order and getting your suit dry-cleaned and having your hair styled so you look your financial best – and meet with the loan officer. You get approved, you close on the house, you get the keys. You move in. You are a homeowner. You have achieved a major component of the American Dream. Could life get any better? You have a beer sitting in your own backyard – YOUR backyard – and contemplate the beauty that has, to this point in life, somehow eluded your vision. You are seeing the world as if for the first time, and what a beautiful world it is. And then it’s time for the mortgage payments. Maybe the first one or two or even three don’t hit you that hard. You’re expecting them, after all, and you’ve budgeted for them. But then comes that month when the dog gets sick and has to go to the vet during the same week your youngest daughter gets braces and your oldest son has a “teeny-tiny fenderbender” that requires a four-figure repair bill. Suddenly you question the wisdom of what you’ve done. But you weather the storm, luckily enough. You have to dip into your savings, but you tell yourself you’re going to pay it back as soon as you can. After all, you’re building equity in your home, and that’s the greatest investment there is. But then the repairs start coming. Maybe a frozen pipe here or a leak in the roof there. Those shingles might need replacing or the stove might go on the fritz. Don’t forget to mow that lawn while you’re at it. And oh, by the way, your property taxes will be billed twice-yearly. The point of all this is not to scare you off of buying a house. There are few pleasures greater than walking in the front door of your own home for the first time and knowing that it’s yours. And, so they tell me, sending that last mortgage check is quite possibly the most rewarding experience a person can have. But it’s not all roses and ice cream. There is work involved. Lots of work, in fact. If you’re willing to do it – just like with a relationship – the potential rewards are endless. But if you’re not, perhaps you should rethink owning. Homes are not short-term summer romances that end after Labor Day when everyone goes back to school. Buying a home is a much longer-term commitment than renting. And both are obviously viable choices, and each choice has its own good and bad points. Again, the key here is to know which side you come down on, and to honestly look at yourself and your situation before pulling the trigger on something that might not be right for you. Nantucketers are a lucky bunch, because we’ve got a pretty wide selection in both camps, and a lot of dedicated professionals to help us with whatever decision we make. But it all starts with our making the best decision for ourselves. Andrew Spencer, a fifth-generation summer resident-turned-year-rounder, has been writing about Nantucket since moving to the island full-time in 2002. He is the author of, “Tower of Thieves: Inside AIG’s Corporate Culture of Greed,” and also the co-author of “Bear Trap: The Fall of Bear Stearns and the Panic of 2008.”

Street

Bed/ Bath

Lot Size

Type

Listing Office

Brant Point $559,000 $800,000 $925,000 $925,000 $925,000 $950,000 $1,350,000 $1,395,000 $1,495,000 $1,495,000 $1,550,000 $1,675,000 $2,050,000 $2,195,000 $2,195,000 $2,295,000 $2,365,000 $2,400,000 $2,650,000 $2,695,000 $2,750,000 $2,995,000 $3,100,000 $3,295,000 $3,295,000 $3,699,000 $3,975,000 $4,150,000 $4,995,000

Cornish St Easton St Willard St Willard St Willard St Easton St Cornish St East Lincoln Ave Stone Barn Way Walsh St Dolphin Court Sylvia Ln Walsh St North Ave Cornish St North Beach St Stone Barn Way North Beach St Walsh St East Lincoln Ave Dolphin Court Dolphin Court East Lincoln Ave Walsh St Walsh St Brant Point Road Easton St Walsh St Brant Point Road

1/1 2/1 2/1 2/1 2/1 2/1 3/2 3/2 2/2.5 0/0 0/0 3/2 3/3.5 8/3.5 5/3.5 4/4.5 2/2.5 4/2 4/4.5 4/3 4/4.5 5/5.5 3/2.5 4/3.5 4/3.5 4/3.5 4/3.5 7/4.5 5/4.5

0.03 0.12 0.08 0.00 0.00 0.18 0.10 0.12 0.00 0.14 0.14 0.23 0.12 0.94 0.12 0.21 0.14 0.18 0.11 0.10 0.15 0.13 0.12 0.12 0.12 0.65 0.13 0.24 0.63

SF SF Condo Condo Condo SF SF SF Condo Land Land SF SF SF SF SF SF SF SF SF SF SF SF SF SF SF SF SF SF

ISLP KILL FRAZ JORD COFF KILL KILL KILL WWRE AERE FRAZ FRAZ GTPT KILL JLEE CSAA CSAA MAUR KILL WWRE FRAZ FRAZ FRAZ GTPT ISLP WWRE MAUR ISLP MAUR

Somerset Road Hummock Pond Austin Farm Dr Aurora Way Nanahumacke Ln New Hummock Moby Way Nanahumacke Ln Osprey Way Westerwyck Way Austine Locke Osprey Way Caroline Way Falmouth Ave Marion Ave

0/0 0/0 6/4 4/3.5 4/3.5 4/3.5 4/2 4/3.5 4/2 5/3 4/3.5 3/3.5 4/3.5 5/4.5 3/3.5

0.25 1.88 0.93 0.00 0.29 0.92 0.50 0.29 0.93 0.46 0.67 0.42 0.55 0.24 1.62

Land Land SF SF SF SF SF SF SF SF SF SF SF SF SF

MAUR FRAZ MAUR FRAZ JORD JORD CSAA JORD MAUR JORD CONG MAUR MAUR MAUR MAUR

0.00 0.00 0.14 0.22 0.49 0.20 0.61 0.15 1.84 0.47 0.12 1.64 0.50 0.15 0.67 0.27 0.46 0.13 0.13 0.19 0.92 0.29 0.25 0.72 2.00 0.14 0.18 0.18 0.38 0.58 1.15 2.51 2.13 0.53 9.12 2.26 1.66 0.79

Condo Condo Land SF Land SF Land SF Land SF SF Land SF SF SF SF SF SF SF SF SF SF SF SF SF SF SF SF SF SF SF SF SF SF Land SF SF SF

JORD CSAA MAUR ISLP JORD CVIL JORD COFF ISLP KILL JORD GTPT COFF GTPT FRAZ CONG MAUR COFF NREC WWRE FRAZ MAUR MAUR WWRE MAUR MAUR JORD KILL GTPT WWRE WWRE GTPT ISLP GTPT WWRE GTPT MAUR MAUR

Cisco $519,000 $1,300,000 $1,595,000 $1,625,000 $1,795,000 $1,850,000 $1,995,000 $2,095,000 $2,495,000 $2,795,000 $2,995,000 $3,475,000 $3,699,000 $3,995,000 $4,850,000

Cliff $759,900 $759,900 $910,000 $975,000 $1,150,000 $1,495,000 $1,595,000 $1,595,000 $1,650,000 $1,795,000 $1,950,000 $1,990,000 $1,999,000 $2,095,000 $2,250,000 $2,350,000 $2,475,000 $2,495,000 $2,495,000 $2,849,000 $3,295,000 $3,395,000 $3,800,000 $3,995,000 $4,350,000 $5,275,000 $5,900,000 $5,900,000 $6,750,000 $6,900,000 $6,995,000 $7,900,000 $8,950,000 $12,900,000 $15,500,000 $17,500,000 $23,700,000 $23,750,000

Cliff Road 2/2 Cliff Road 2/2 Delny Road 0/0 Delny Road 3/3 Pilgrim Road 0/0 Derrymore Road 5/3 Pilgrim Road 0/0 Derrymore Road 3/3 Cliff Road 0/0 Cliff Road 3/2.5 Mooers Ave 4/3.5 Old Westmoor 0/0 Pilgrim Road 4/4 Mayhew Ln 4/5 Cliff Road 7/4 Hamblin Road 5/3.5 Cliff Road 4/3 Sherburne Tnpk 4/3.5 Sherburne Tnpk 4/3.5 Capaum Pond Rod 3/2 Cliff Road 3/4.5 Cliff Road 5/4.5 North Star Ln 5/4.5 West Chester St 4/4.5 Deacons Way 5/5 Cliff Road 5/4.5 Cliff Road 4/5.5 Cliff Road 4/5.5 Lincoln Circle 7/3 Hallowell Ln 4/3.5 Capaum Pond Rd 5/7 Cliff Road 5/6 Kimball Ave 5/3 Lincoln Ave 5/4.5 Chase Links 0/0 Kimball Ave 7/7.5 Sherburne Way 5/4.5 Lincoln Ave 7/10.5

Continued on page 8

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Nantucket Property News

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October 21, 2010

FEATURES

PROPERTY NEWS

2 Get Real

With Andrew Spencer

2 LINK Nantucket The most comprehensive list of properties for sale on Nantucket

12 News Report 17 Since You Asked A Publication of the Nantucket Association of Real Estate Brokers President Bill Liddle

Vice President Ken Beaugrand

Past President Penny Dey

Secretary Dalton Frazier

Treasurer Bernie Coffin

Members at Large Kenneth Lindsay & David Boyce

18 Mortgage Rates & Trends 19 DataLink: Real estate activity 21 5 Great Values 23 Real Estate Transactions 23 5 Minutes With Pam Sosebee

Editor Don Costanzo Contributors Peter B. Brace Jordi Cabre Mary Lancaster Andrew Spencer Peter A. Sutters

ADVERTISER INDEX

Distribution Ken Turgeon Nantucket Property News is published every other week by the Nantucket Association of Real Estate Brokers and is distributed free on Nantucket. All content of this newspaper, including without limitation the design, advertisements, art, photos and editorial content is Copyright “C” 2010, NAREB. No portion of this newspaper may be copied or reprinted without the express written permission of the publisher. Nantucket Property News is a registered trademark of NAREB, PO Box 335, Nantucket, MA 02554.

4 Atlantic East Real Estate

10 Great Point Properties

6 Nantucket Real Estate

14 Islandwide Realty

7 Craig Hawkins

15 J Pepper Frazier Co.

8 Coffin Real Estate

17 Boyce Realty

9 Compass Rose Real Estate 24 Maury People/Sotheby’s

For advertising and editorial inquiries, contact: Editor Don Costanzo at editor@nareb-online.com

C O N T E N T S

NANTUCKET

www.nareb-online.com

NAREB DIRECTORY Atlantic East Real Estate 508-228-7707 5 N. Water Street Nantucket, MA 02554 office@atlanticeastre.com www.atlanticeastre.com

Bamber Real Estate 508-228-1416 159 Orange Street Nantucket, MA 02554 bamberre@nantucket.net www.bamberrealestate.com

Bennett Witte Real Estate 508-269-3309 PO Box 1176 Nantucket, MA 02554 sbwitte@nantucket.net

Blue Water Real Estate 617-899-1401 21 Broad Street Nantucket, MA 02554 nesbittinn@comcast.net

Boyce Realty 508-257-6962 PO Box 453 Siasconset, MA 02564 dboyce@nantucket.net www.boycerealtynantucket.com

Chatfield-Taylor Real Estate 508-228-5828 91 Washington Street Ext. PO Box 1881 Nantucket, MA 02554 moncurect@chatfield-taylor.com www.chatfield-taylor.com

Coffin Real Estate 508-228-1138 40 Centre Street Nantucket, MA 02554 office@coffinrealestate.com www.coffinrealestate.com

Compass Rose Real Estate 508-325-5500 137A Orange Street PO Box 935 Nantucket, MA 02554 compass@compassroserealestate.com www.compassroserealestate.com

Congdon & Coleman Real Estate 508-325-5000 57 Main Street PO Box 1199 Nantucket, MA 02554 office@congdonandcoleman.com www.congdonandcoleman.com

Cooper Shepherd Associates 508-228-5668 Zero Main Street Nantucket, MA 02554 info@coopershepherd.com www.coopershepherd.com

Country Village Real Estate 508-228-8840 12 Straight Wharf Nantucket, MA 02554 nantucket@countryvillagere.com www.countryvillagere.com

David Webster & Associates 508-228-5066 44 Madaket Road PO Box 1109 Nantucket, MA 02554 caroleanddavid@earthlink.net

Denby Real Estate 508-228-2522 The Gallery @ 5 N. Water Street Nantucket, MA 02554 admin@denby.com www.denby.com

Edith Delker Real Estate 508-257-9698 27 Stone Post Way PO Box 790 Siasconset, MA 02564 ndelker@comcast.net www.edithdelkerrealestate.com

Figurehead Realty 508-228-4495 26 Milk Street Nantucket, MA 02554 dougruh@comcast.net

Great Point Properties 508-228-0890 1 North Beach Street Nantucket, MA 02554 info@greatpointproperties.com www.greatpointproperties.com

Island Properties 508-228-6999 35A Old South Road Nantucket, MA 02554 office@islandpropertiesre.com www.islandpropertiesre.com

Islandwide Realty 508-228-6396 PO Box 987 Nantucket, MA 02554 kenneth.lindsay@comcast.net

J Pepper Frazier Co. 508-228-3202 19 Centre Street Nantucket, MA 02554 office@jpfco.com www.jpfco.com

Jordan Real Estate 508-228-4449 8 Federal Street Nantucket, MA 02554 info@jordanre.com www.jordanre.com

Killen Real Estate 508-228-0976 10 Easy Street PO Box 1166 Nantucket, MA 02554 www.killenrealestate.com

LandVest

‘Sconset Real Estate

508-325-5090 28 Centre Street Nantucket, MA 02554 jdresser@landvest.com www.landvest.com

508-257-6355 Post Office Square PO Box 122 Siasconset, MA 02564 www.coffinrealestate.com

Tea Rose Realty

Lee Real Estate

508-228-7719 22 Golfview Drive PO Box 19 Nantucket, MA 02554 www.tearosenantucket.com

508-325-5800 58 Main Street Nantucket, MA 02554 office@leerealestate.com www.leerealestate.com

Vaughan Machado

Maury People Sotheby’s International Realty

Real Estate 508-228-5062 5 Sesapana Road PO Box 1095 Nantucket, MA 02554 vaughanmachado@comcast.net

508-228-1881 37 Main Street Nantucket, MA 02554 info@maurypeople.com www.maurypeople.com

Welch & Associates Inc. RG

Nantucket Real Estate

508-228-7777 7 Nashaquisset Lane Nantucket, MA 02554 steph@welch-associates.com

508-228-2530 15 North Beach Street Nantucket, MA 02554 info@nantucketrealestate.com www.nantucketrealestate.com

Westbrook Real Estate 508-257-6206 PO Box 262 Siasconset, MA 02564 office@westbrookrealestate.com www.westbrookrealestate.com

Osprey Real Estate 508-228-7890 PO Box 955 Nantucket, MA 02554 ospreyrealestate@comcast.net

Windwalker Real Estate

Preferred Properties 508-228-2320 76 Easton Street Nantucket, MA 02554 brokers@preferredpropertiesre.com www.preferredpropertiesre.com

508-228-9117 12 Oak Street Nantucket, MA 02554 info@windwalkerrealestate.com www.windwalkerrealestate.com

Pro Buyer Associates 508-228-7500 77 Sparks Avenue Nantucket, MA 02554 royflanders@gmail.com www.probuyer.com

Massachusetts has a mandatory licensee-consumer relationship disclosure that will be provided to you, the consumer, by the real estate agent that you choose to work with. Please make sure to complete this form with your broker, so that agency is disclosed. October 21 2010

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Nantucket Property News

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5 North Water Street, Nantucket, MA 02554 T: 508-228-7707 F: 508-228-7780

Impeccable Sconset Property...

Beautifully Renovated Antique

High Quality in Tom Nevers

This carefully maintained ’Sconset property is close to the Village and ideal for year ‘round or summer living. Sit in the sunroom and enjoy the private, landscaped yard. Renovations in 2002 include a master bedroom suite accessed by a private staircase.

This exquisite historic home was originally built in 1767 by Joseph Swain. Meticulously restored windows, mantles and antique pine floors are just some of the features. One not to be missed! Listing Agent is related to seller.

This house has it all. Attention to every detail in this three bedroom home with office and finished basement. Lovely yard with privet surround. Special features include: custom tile and granite throughout, large laundry/mudroom, cathedral living room with fieldstone fireplace.

$1,500,000 Listing Broker: Mary Malavase,ABR, RSPS,TRC

$3,375,000 Listing Agent: Peter DuPont

$949,000 Listing Broker: Melinda Vallett

3 Bedrooms & 2 Baths $369,000! Comfy and Snug

Casual Comfort…

Spacious & bright 16’ wide townhouse with open kitchen, living & dining area, 2 decks, new septic, new Anderson windows, vanities & freshly painted. One of the nicest abodes in this price range.

Cozy home on half acre in residential neighborhood close to town. Ample room for expansion or second dwelling.

$369,000 Listing Broker: Heidi Drew, ABR, RSPS

$595,000 Listing Broker: Mary Malavase,ABR, RSPS,TRC

In one of the most spacious homes in Naushop. Located on a cul-de-sac near 28 acres of Land Bank Land. Three levels of living space with generous, well proportioned rooms. Air conditioned and a partially finished basement. Established rental history. $895,000 Listing Broker: Heidi Drew, ABR, RSPS

Pristine in Nashaquisset

Everything You Ask For

Cozy Sconset Cape…

Located in the award winning, turn key community of Nashaquisset is this two bedroom, three bathroom home with a separate den and a professionally landscaped yard.Outstanding rental history plus prime location with pool, tennis, year round caretaking and maintenance all at your door step. Offered fully furnished. $725,000 Listing Broker: Melinda Vallett

4 bedrooms,3 baths, 2 fireplaces, open floor plan, stylish kitchen, extraordinary outdoor living space, full basement & a covered porch. Over a half acre of land with room to expand.

close to the village on a peaceful side street. 4 bedrooms, 2 baths & a spacious yard. Includes HDC approved plans for expansion & rental history.

$998,000 Listing Broker: Heidi Drew, ABR, RSPS

www.AtlanticEastRE.com Visit our Web site to view all the island listings and our extensive rental portfolio 4 • Nantucket Property News • October 21, 2010

Penny Dey, GRI, ABRM Heidi Drew, ABR, RSPS Peter DuPont Mary Malavase, ABR, RSPS,TRC Erikka Perkins Lisa Sherburne, ABR, RSPS Anne Remian Melinda Vallett

Blocks to Main Street

Sunny and Spacious

Polpis Harbor Views

Pristine three bedroom Greek Revival in town with updated kitchen and baths. Enclosed yard and free-standing garage with previously approved plans for second dwelling.

Built in 2006, this in-town home offers five bedrooms, the latest amenities and a lovely landscaped yard. Listing agent is owner of property.

$1,295,000 Listing Broker: Heidi Drew, ABR, RSPS

$2,795,000 Listing Agent: Peter DuPont

Four acres of tranquility on the way to Wauwinet. This post and beam treasure boasts three full levels of gracious living and offers intimacy and warmth throughout. The 19th century, reclaimed barn timbers and hand crafted details welcome you at every turn. Expansive room for entertaining. $2,990,000 Listing Broker: Melinda Vallett

Quidnet Near the Sea

Charming and Bright...

Brant Point Vacant Land

Complete the courtyard and create your own secret garden by the sea. Then, turn things upside down and climb to the glorious views of the ocean, pond and Sankaty Light. Stunning views are protected. Truly a one of a kind property.

Just 550 feet to the beach or a block to Jetties Beach. Potential 2nd floor views of the Harbor. 6216 sf with town water and sewer available.

$1,695,000 Listing Broker: Penny Dey, GRI, ABRM

home nestled on a quiet cul-de-sac in Nashaquisset. Open floor plan for easy entertaining. Three generous bedrooms with three full bathrooms. Nashaquisset offers year round caretaking,use of pool and tennis courts and magnificent landscaping. Property is for sale partially furnished. $790,000 Listing Brokers: Melinda Vallett and Penny Dey

House and Cottage

Secluded Surfside Setting …

Points of View

On a half acre lot, this main house and cottage offer a variety of possibilities. Conveniently situated between town and the south shore beaches with access to shuttle and bike path. Property is lushly landscaped and private, yet in a neighborhood not far from town.

On nearly two acres. Just minutes to the beach and three miles to town. This stately four bedroom Colonial style home offers three and a half baths, fir and tile floors,a fireplace,a soaring ceiling and expanses of glass overlooking the private back yard and deck. Wonderful southern exposure and room to expand.

$679,000 Listing Broker: Penny Dey, GRI, ABRM

$1,395,000 Listing Broker: Mary Malavase,ABR, RSPS,TRC

Bright and spacious upside- down home offers gracious summer living with views of Long Pond and Madaket Harbor. Two living areas, four bedrooms, three full baths and large south facing deck complete this well-maintained home. Move right in! $1,389,000 Listing Broker: Penny Dey, GRI, ABRM

$1,495,000 Listing Broker: Heidi Drew, ABR, RSPS

www.AtlanticEastRE.com Visit our Web site to view all the island listings and our extensive rental portfolio October 21, 2010 • Nantucket Property News •

EEL POINT ESTATE LAND

73 MAIN STREET This beautiful home offers living space on three floors. With 4 bedrooms, three full baths, lush landscaping and sunny, private patio, this home offers modern living with elegance and grace.

Wonderful 13.4 acre parcel with1/2 mile of road frontage with potential for subdivision

$9,995,000

$2,995,000

WHALING ERA HOME

ON FAIR STREET

3 bedrooms, 2.5 baths with off street parking for 3 cars. This home is being offered mostly furnished.

5 Bedrooms, 4 Baths on 3 floors of living space. Restored in 1994 and updated in 2008

$2,850,000

$2,595,000

IN TOWN HOME

CLIFF TREASURE

4 bedrooms, 4 baths. New home on shady side street, elegant designer finishes throughout.

4 bedrooms, 3.5 baths. Spacious Cape style home in pristine condition. A must see.

$2,500,000

$2,495,000

SHIMMO POND

HISTORIC TOWN HOME

House and Cottage with 3/1 Bedrooms and 1/1 Baths. Large lot, hilltop location.

Oversized in town lot with room for expansion and a 2nd dwelling. 4 Bedrooms, 1.5 baths off street parking and 2 bay garage.

$2,195,000 $1,700,000

SUMMER

POCOMO

NEAR SCONSET VILLAGE

Vacation home w/ 3 bedrooms, 2 baths, detached one car garage on one acre.

3 Bedrooms, 2 Baths. Very private setting on the edge of Sconset Village.

$1,425,000

$1,395,000

CROW’S NEST COTTAGE

HITHER CREEK Wonderful vacation home overlooking the Creek, 3 bedrooms, 2 baths.

4 Bedrooms, 2 Baths in Actor’s Colony section of Sconset Village.

$1,350,000 $1,295,000

SCONSET

COMFORTABLE & STYLISH

3 bedrooms, 1.5 baths in a quiet neighborhood. Easy access to the village, transportation and the beach. Potential for 2nd dwelling.

Large lot on quiet cul de sac with 3 bedrooms, 2.5 baths.

$989,000

$1,150,000

AFFORDABLE OCEAN VIEWS

WEST

TOWN

3 bedroom, 1.5 baths, attached garage. Very comfortable home in quiet area. Upward expansion possible.

3 bedroom, 2 bath upside-down style home with detached 1 bedroom, 1 bath cottage, both with ocean views over conservation land.

$865,000

$899,000

MODERN

NOBADEER

DESTINATION – HOME 3 bedrooms, 2 baths with room for expansion.

Attractive home on very large lot with potential for second dwelling, 3 bedrooms, 2.5 baths.

$725,000

$825,000

LAND

Sconset .26 acres $589,900 • Mid-Island

0.46 acres $495,000 •

Miacomet

0.89 acres $1,350,000

Ken Beaugrand, Owner/Broker Curtis Barnes, Chele Bayard, Yvonne Breslin, Marylyn Burns, TO VIEW ALL OF OUR FINE PROPERTIES, VISIT OUR WEBSITE AT: Marion Roland Conley, Rob Frame WWW ANTUCKET EAL STATE COM Karen Gibbs, Ginger Ivey, Pat Larrabee, Chris Magee, Gail Osona, OR EMAIL US AT: Nash Strudwick, Christine Whelden, INFO NANTUCKETREALESTATE COM Soo Woodley

NANTUCKET REAL ESTATE .N

October 21, 2010

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Nantucket Property News

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Craig Hawkins Broker 37 Main Street, Nantucket Island, MA 02554

W NE

ING LIST

Phone: 508-228-1881 ext. 119

craig@maurypeople.com

R DE ACT N U TR N CO

TOWN

W NE

ING LIST

Two story, two bedroom, waterfront town house in a fantastic location with excellent rental history. Walk to Main Street.

POLPIS

Beautifully restored in-town antique on an oversized, corner lot. Everything has been replaced. Large yard, garage.

New home features a fantastic floor plan and highest quality finishes, pool and views. 5 BR/5 full/2 half baths.

TOWN Recently built home on oversized lot, with beautiful materials and details; cherry floors; granite; nice finish work.

$975,000

Spacious, extremely well designed and built home that has had very little use, never rented and in immaculate condition.

$3,875,000

$1,875,000

$4,989,000

$2,675,000

CLIFF

TOWN

QUIDNET

SURFSIDE

TOWN

Beautifully restored 1747 antique home on desirable Cliff Road, just a five minute walk into town. Many original features intact.

Beautifully executed renovation and addition of a 1930s bungalow design. One block from the top of Main Street.

Two houses on an oversized lot with two driveways and so much separation they can easily be rented separately.

Beautiful 4 BR home in the Old Historic District on one of the most sought after streets.

Nicely renovated antique with exceptionally large back yard and off street parking, 5 or 6 bedrooms.

$5,275,000

$1,995,000

$1,475,000

$2,975,000

$4,465,000

MIACOMET

TOWN

WAUWINET

CISCO

TOWN

Two separate 2 BR/2 bath condos, can remain as is or convert back to single family. Both have A/C and fireplaces.

Two story beach house on two beautiful acres across from Miacomet Pond. Views of pond, ocean and conservation land.

One of the most spectacular locations on Nantucket. Enjoy ocean and harbor frontage.

Well designed, spacious home with views of Hummock Pond and a short walk to beach. A/C. Room for pool.

Originally built in the late 1700s and completely restored in 2007. 4 BR/4 full/2 half baths. Quiet Street.

$1,785,000

$1,995,000

$12,900,000

$3,475,000

$2,975,000

MID ISLAND

TOWN

POCOMO

TOWN

TOM NEVERS

Very clean house on a large, potentially sub-dividable lot, creating a lot with exposure on Old South Road.

Early 1800s antique home originally built in Vermont, disassembled and re-constructed on Nantucket in 1987.

Fabulous compound on three acres with main house, guest house, separate two car garage with studio apartment above, pool.

4BR/2bath home in the historic district on desirable Lily Street. Separate 1BR cottage and detached two car garage.

Very nice ocean views from this three bedroom/two and a half bath upside down house located across the street from the bluff

$895,000

$3,250,000

$4,750,000

$1,675,000

$1,495,000

LAND LISTINGS DIONIS

5+ acres with views and 460’ feet of frontage on Eel Point. Existing three bedroom cottage on the highest point with views out over dunes and Nantucket Sound. Create your summer dream house! Potential for subdivision; two acre zoning.

$5,950,000

QUIDNET

Oversized, elevated parcel, 3.6 acres in size, with distant views of the Atlantic, Sesachacha Pond and Sankaty Light. One of the highest elevations in the Quidnet/Squam area, offering privacy, views and sunsets over conservation land.

$3,495,000

SHIMMO

MADEQUECHAM

MADAKET

TOWN

Over an acre of oceanfront property with 150' of ocean frontage, sunsets and wonderful beach.

In a stunning location, this four bedroom house offers magnificent views of Long Pond, the ocean and conservation land.

Authentic, tastefully restored and decorated Main Street home. Corner lot, guest cottage.

$2,695,000

$1,175,000

$3,350,000

Outstanding 1.6 acre lot in desirable Shimmo offers excellent views of Nantucket Harbor and Town. This elevated lot, with its exquisite assortment of mature trees, is located on a terrific, quiet road of upscale new homes. Lot affords nearly 4,800 square feet of ground cover for the construction of a main house, guest house, cabana for pool and tennis court. Deeded access to Shimmo Beach and boat mooring.

$3,395,000

CLIFF

Wonderful Cliff /Town location to create a nice family compound with house, guest house, garage, pool, etc... Sub dividable ANR lot.

$2,475,000

WAUWINET

Build your dream home on this outstanding, elevated, 3+ acre lot in Wauwinet, offering terrific views of the Harbor and Nantucket town in the distance.

$1,900,000

SCONSET

TOWN

BRANT POINT

Classic 1920s ‘Sconset Bluff Home with detached garage. Magnificent sunrises and views of Atlantic.

Completely restored antique on one of the more sought after streets in the Historic District. All 4 bedrooms have en-suite baths.

Incredibly well executed restoration of a classic, bungalow style beach house with added cottage.

$795,000

$3,475,000

$3,975,000

TOWN

Conforming, level lot on a very quiet street in one of the most desirable areas in the Town of Nantucket. Located in ROH zoning allowing for 50% ground cover, a building footprint of 2,550 square feet.

$1,450,000

CLIFF

Wonderful Cliff /Town location. Recent ANR Sub-Division.

$910,000

MID-ISLAND

RC-2 zoned lot, 6,500 +/- square feet, with outstanding visibility on Old South Road. Excellent opportunity for destination retail exposure, as well as duplex living potential, along one of Nantucket’s few commercial corridors.

$245,000

WAUWINET

MID ISLAND

MADEQUECHAM

Beautiful custom home with detached cottage/studio. Magnificent piece of property.

Well maintained home located in a nice, well established, year round neighborhood close to schools, mid-island businesses.

Outstanding South Shore Ocean Front Estate features a meticulously maintained five bedroom post and beam style house.

$2,295,000

$599,500

$4,900,000

®,™ and SM are licensed trademarks to Sotheby’s International Realty Affiliates, Inc. An Equal Opportunity Company. Equal Housing Opportunity. Each Office Is Independently Owned And Operated, Except Offices Owned And Operated By NRT Incorporated.

Inqu & Mirirer Be ror

st of Best Nantu ck Real 2010 et Estate Office

COFFIN REAL ESTATE

st of Nantu c 2010 ket

Post Office Square, P. O. Box 122 Siasconset, MA 02564 (508) 257-6335 www.sconsetrealestate.com

40 Centre Street, P. O. Box 1881 Nantucket, MA 02554 (508) 228-1138 www.coffinrealestate.com

Carol Coffin Best Realtor

PEACEFUL AND PRIVATE

WATERFRONT ON WANOMA WAY

This easy living single level three bedroom, two and half bath home with attached two-car garage is a rare find. Nestled on a nicely landscaped 20,000 square foot lot at the end of a quiet street. just minutes from the center of Town. EXCLUSIVE $1,380,000

Panoramic views from Tom Never's Bluff. Ocean Views from bedrooms and entertaining rooms plus first and second floor decks. This four bedroom, three bath partially furnished home offers the blue sky and blue water merging together to offer privacy and tranquility. Nearby neighborhood beach stairs. EXCLUSIVE $2,900,000

ESTATE SETTING AT WE THE TOP OF MAIN NERIC P

PRICED TO SELL! Spacious three bedroom, two bath Cape style home with open kitchen/dining room area. Located not far from schools, bike path and shuttle. Full unfinished basement ready to be customized offering future potential for extra living space. Great starter home! EXCLUSIVE $449,000

Open layout for today’s family living, on over one acre. Beautiful seven bedroom, five bath home ~ three floors of living plus newly finished basement. Large, private deck. Roof-walk with amazing views of downtown Nantucket! $2,850,000

EW E N RIC P

COME TO THE BEACH

SCONSET LOW BEACH WITH OCEAN VIEWS

EW E N RIC P

Inq & Muirirer Be ror

’SCONSET REAL ESTATE

Three story furnished town house - end unit with views of Goose Cove Pond. Privacy and three sides of light and air & soaring ceilings. Path to pond and close proximity to Starbuck Beach. Decks provide great outdoor enjoyment. Never been rented - and one of largest units - 24 foot wide single family - no fees. EXCLUSIVE $489,000

This Main House, Guest house/Garage features 5 Bedrooms 5+ bathrooms. Ocean view. Charming guest house awaits summer visitors. Pool house with 1/2 bath. Oversized yard. Excellent rental history. Minutes to the Village Square and Beach. EXCLUSIVE $3,650,000

OUR DEDICATED BROKERS & AGENTS Bernie & Carol Coffin: Owners/Brokers, Jack Bulger, Barbara Keane Clarke, Michele Cranston, Rob Egan, Ellen Glowacki, Betsy Holden, Erin Lemberg, Paula McAuley, Chandra Miller, Nonie Slavitz, Paul Surprenant, Sue Walton, Debbie Willett, Christina Boling

LNantucket I N K Area

Area Price

Street

Bed/ Bath

Lot Size

Listing Office

Type

$849,000 $995,000 $1,350,000 $1,350,000 $1,600,000 $1,925,000 $2,000,000 $2,395,000 $2,850,000 $2,850,000 $2,875,000 $2,995,000 $3,350,000 $5,950,000 $5,975,000 $6,750,000 $9,500,000 $9,995,000 $13,995,000

Swift Rock Road Swift Rock Road Bishops Rise Bishops Rise Bishops Rise Bishops Rise Bishops Rise Eel Point Rd Eel Point Road Eel Point Road Fintry Ln Swift Rock Road Primrose Ln Eel Point Road Huckleberry Ln Eel Point Road Eel Point Road Eel Point Road Eel Point Road

3/1.5 2/2.5 0/0 0/0 0/0 4/3.5 0/0 5/4 8/7.5 8/7.5 7/7.5 6/4.5 4/3.5 0/0 3/1 4/1 5/4 0/0 6/7

1.00 1.00 1.88 1.88 1.90 1.95 3.80 2.02 1.96 1.96 1.84 2.96 2.00 5.09 1.97 2.09 2.30 13.46 2.34

SF SF Land Land Land SF Land SF SF SF SF SF SF Land SF SF SF Land SF

BAMB BAMB MAUR MAUR MAUR JORD MAUR WWRE GTPT FRAZ ISLP BAMB JORD MAUR JLEE JORD JORD NREC JLEE

3/2.5 6/4.5

0.28 0.26

SF SF

COMP DENB

Fisher’s Landing $875,000 $999,000

Fishers Landing West Way

KEY TO LISTING OFFICES . . . . . . . .Atlantic East Real Estate . . . . . . . .Bamber Real Estate . . . . . . . .Boyce Realty . . . . . . . .Bennett Witte Real Estate . . . . . . . .Bluewater Real Estate . . . . . . . .Chatfield Taylor . . . . . . . .Coffin Real Estate

KEY TO PROPERTY TYPE

•

Street

Lot Size

Type

Listing Office

Hummock Pond

Dionis

AERE BAMB BOYC BWRE BLUE CHAT COFF

Price

Area Bed/ Bath

Nantucket Property News

$695,000 $1,150,000 $1,395,000 $1,495,000 $3,200,000

Aurora Way Pond Road Aurora Way Aurora Way Hummock Pond

0/0 5/4 4/3.5 4/3.5 6/5.5

0.15 0.49 0.12 0.15 0.74

Land SF SF SF SF

FRAZ FRAZ FRAZ MAUR COMP

Arkansas Ave Arkansas Ave South Cambridge Arkansas Ave Madaket Road Rhode Island Ave Rhode Island Ave Rhode Island Ave Ridge Ln Rhode Island Ave Rhode Island Ave Tennessee Ave New Jersey Ave Columbus Ave Warrens Landing "C" St Washington Ave California Ave Long Pond Dr Madaket Road

2/2 3/2 3/2 3/2.5 3/2 3/2 3/1 3/1 3/2 2/1 2/1.5 2/1 2/1 4/3.5 3/2 2/1 3/2 3/2 4/3.5 5/3

0.07 0.04 0.13 0.07 0.09 0.23 0.32 0.32 0.23 0.00 0.52 0.28 0.45 0.92 1.26 0.18 0.23 0.32 0.93 0.55

SF SF SF SF SF SF SF SF SF Condo SF SF SF SF SF SF SF SF SF SF

NREC MAUR AERE COFF CVIL WWRE FRAZ KILL CVIL CSAA WWRE CVIL MAUR MAUR JORD NREC CSAA NREC AERE COFF

Madaket $325,000 $329,000 $369,000 $489,000 $659,995 $660,000 $750,000 $750,000 $825,000 $850,000 $925,000 $975,000 $1,100,000 $1,175,000 $1,195,000 $1,195,000 $1,200,000 $1,350,000 $1,389,000 $1,395,000

Price

Street

Bed/ Bath

Lot Size

Type

$1,395,000 $1,595,000 $1,895,000 $1,995,000 $1,995,000 $2,200,000 $2,250,000 $2,395,000 $2,695,000 $2,995,000 $3,800,000 $5,450,000 $5,450,000 $5,450,000

Oakland Ave 4/3 Madaket Road 2/1.5 Warrens Landing 3/2.5 Starbuck Road 4/3.5 Starbuck Road 4/3 Sheep Pond Road 6/5 Washington Ave 3/2.5 Sheep Pond Road 5/3.5 Massachusetts Ave 3/1 H St 4/3.5 F 5/4.5 Tennessee Ave 4/2.5 Tennessee Ave 4/2.5 Tennessee Ave 4/2.5

0.93 2.32 3.00 0.48 0.74 2.22 0.57 1.20 2.07 0.41 1.02 1.19 1.16 1.19

SF SF SF SF SF SF SF SF SF SF SF SF SF SF

JORD CONG COFF MAUR FRAZ GTPT KILL COFF GTPT MAUR WWRE WWRE ISLP JORD

0.58 1.16 1.38 1.70 0.69 1.16 1.17 2.93

Land SF SF SF SF SF SF SF

BAMB CSAA MAUR JLEE MAUR CVIL MAUR MAUR

Madequecham $850,000 $1,500,000 $1,895,000 $1,895,000 $2,295,000 $2,650,000 $2,695,000 $4,900,000

Russell St Wigwam Road Mad. Valley Road Mad. Valley Road Mad. Valley Road Wigwam Road Mad. Valley Road Mad. Valley Road

0/0 4/2.5 5/3.5 2/1.5 4/2.5 4/5 3/3 6/5.5

Continued on page 14

COMP . . . . . . . .Compass Rose Real Estate CONG . . . . . . . .Congdon & Coleman Real Estate CSAA . . . . . . . .Cooper Shepherd Associates CVIL . . . . . . . . .Country Village Real Estate DELK . . . . . . . .Delker Real Estate DENB . . . . . . . .Denby Real Estate FGHD . . . . . . . .Figurehead Realty FRAZ . . . . . . . . .J Pepper Frazier Company GTPT . . . . . . . .Great Point Properties ISLP . . . . . . . . . .Island Properties

ISLW . . . . . . . . .Islandwide Realty JLEE . . . . . . . . .Jeff Lee Real Estate JORD . . . . . . . . .Jordan & Associates KILL . . . . . . . . .Killen Real Estate LVST . . . . . . . . .Landvest MCDL . . . . . . . .McDonald Real Estate MACH . . . . . . . . .Vaughan Machado Real Estate MAUR . . . . . . .The Maury People/Sotheby’s Intl. NREC . . . . . . . .Nantucket Real Estate OSPR . . . . . . . . .Osprey Real Estate

PREF . . . . . . . . .Preferred Properties PROB . . . . . . . .Pro Buyer Associates ROYA . . . . . . . .Royal Colley SCST . . . . . . . . .Sconset Real Estate SEIT . . . . . . . . .Seitz Real Estate TRSE . . . . . . . . .Tea Rose Realty WEBS . . . . . . . .Webster Real Estate WEST . . . . . . . .Westbrook Real Estate WWRE . . . . . . .Windwalker Real Estate WLCH . . . . . . .Welch Realty

SF . . . . . . . . . . . .Single Family MF . . . . . . . . . . .Multi Family

Land . . . . . . . . . .Land Condo . . . . . . . .Condo

Com . . . . . . . . . .Commercial Co-op . . . . . . . . .Co-op

• October 21, 2010

Listing Office

ABSOLUTELY ENCHANTING!

SURFSIDE KNOCKOUT

$3,200,000

$2,495,000 Charming rose covered craftsman built 4 BDRM, 4 BA home with adorable guest cottage, detached office, surrounded by gardens on a fabulously manicured one acre lot. Terrific location near Surfside Beach!

Magic from the moment you enter the driveway as it winds through a tunnel of greenery.The impeccably landscaped property camouflages the spaciousness of this home, offers several spectacular out door living areas and big privacy! This 5+ BDRM, 4.5 BA home with its 1 BDRM, 1 BA guest cottage is sure to surprise.

Listing Broker: Cynthia Lenhart

Seller is a MA licensed real estate agent

WAUWINET WITH HARBOR ACCESS

SMUGGLERS LUCK $1,395,000

$2,850,000 Delightful contemporary 4 BDRM, 3.5 BA home on 3.5 magnificent acres abutting conservation land on 2 sides.Terrific attention to detail, 4 fireplaces, generous living spaces inside and out. Deeded beach and harbor access!

4 BDRM, 2.5 BA Surfside beach house just 200 yards from the sea. Fireplace, 2 car garage, roof walk, sun deck, nice yard & hot tub. Listing Broker: Cynthia Lenhart Broker is related to seller

Listing Broker: Cynthia Lenhart

NEW LISTING!

REDUCED!

NEW LISTING!

FAIR STREET

PINE TREE PRIVACY

FISHERâ&#x20AC;&#x2122;S LANDING

FABULOUS TWO FAMILY

$1,395,000 This Fair Street inn is flexible as it could easily be transformed into a private residence. A spacious 6 BDRM, 5 BA c.1850 gem with loads of charactor and charm!

$665,000 Behind the privet & pines this 3 BDRM/ 2 BA single story home is a hidden treasure. Cozy living room w/wood stove & built-in bookshelves. Large yard, oil heat, basement workshop.

$875,000 3 BDRM, 2.5 BA Impeccable Cape style home has large expansive yard and garage with studio above. Access to: Madaket harbor, trails to Dionis beach, tennis & boat storage.

$925,000 New 2 family home. Central air, granite counters, stainless appliances, full basements, 2 car garage & many special touches. Live in one side & rent or sell the other.

Listing Agent: Pat Carr Calabrese

Listing Agent: Jim Cahill

Listing Broker: Constance Sturgis

UPSCALE IN TOWN $1,399,000 Attractive 4 bedroom, 2.5 bath home custom built by craftsman. Comfortable modern spaces, lovely hedged yard & central air. Successful rental history, offered mostly furnished. Broker/Owner: Constance Sturgis

Broker/Owner: Pam Sosebee Broker is related to seller

TOM NEVERS EAST $1,350,000 On 2.5 acres this custom 3 BDRM, 3 BA house & stylish 2 BDRM, 1.5 BA cottage offers a peaceful sanctuary.

REDUCED!

Broker/Owner: Constance Sturgis Owner is a MA licensed real estate agent

CISCO SWEETHEART

COMMERCIAL COMPLEX

$860,000 Wonderful sprawling 4 BDRM, 2.5 BA single story home with separate in-law suite, plus post & beam garage.

$2,000,000 3 fully rented 1st floor commercial units & deluxe 2nd floor apartment with 3 master suites, over 3,000+ sqft. of elegant living, plus 3,000 sqft. Basement! Sprinkler system, central air & parking for 19.

Broker/Owner: Pam Sosebee

Listing Broker: Cynthia Lenhart

Owner is a MA licensed real estate Broker

Cynthia Sadler Lenhart . Constance Sturgis . Sue Fine . PJ Joyner . Pat Carr Calabrese . Beth Maier . Pam Sosebee . Jim Cahill

508 228 2266

Exceptional Detail & Style

Surfside Retreat

In-Town Charm near the Windmill

This lovely three bedroom home on an over-sized lot has room for expansion or a second dwelling. The rear deck and large, private backyard and garden offer wonderful outdoor areas for relaxing, dining and entertaining. The kitchen and both bathrooms were updated in 2008. This charming and comfortable home is very conveniently located.

Private one acre property nestled in the pines of Surfside offers a main house and cottage. Both have lovely yards with mature landscaping, creating a nice division of space and privacy from one another. Both houses offer a solid rental history or would make for a very comfortable year round residence. Being offered fully furnished.

Charming turnkey home located a short distance from Town and Surfside bike path. This home offers a new heating system, air conditioning, security and irrigation systems. New appliances and fixtures. Large back yard with a storage shed, and a wonderful rear patio overlooking the Old Mill. Ground cover available for expansion.

$645,000

$1,550,000

$1,200,000

Uncompromising Beach Estate One of a kind! Stunning new custom built five bedroom main house on three finished floors with gracious and dramatic living spaces and wonderful lower level game room in addition to a beautiful three bedroom guest house with a well equipped kitchen and a detached two car garage with an office space above. Offered fully furnished and equipped.

Historic in Town Beautiful 19th Century Nantucket four bedroom home located at the top of Academy Hill on a sunny corner lot. Bright and open living spaces with many original historic details with a small yard, off street parking and a separate cottage.

$1,450,000

Custom Built Cliff Home

Peace & Privacy

This lovely new home is quietly situated off West Chester Street. The bucolic setting belies the near town convenience and close proximity of the Westmoor Club. Perfectly accented with gracious detailing, modern amenities, and pastoral landscaping, this is a perfect family setting. There are plans for a garage and apartment. The plans are HDC approved but need to be renewed.

This property boasts privacy and practicality. Located at the end of a quiet street in a peaceful neighborhood, the house has been wonderfully maintained, features lovely gardens and yard, and the interior is flooded with natural light. A large back studio is used for an in home business and offers a number of possibilities.

$2,975,000

Polpis Harborfront

Gracious Home off Main Street

Beautiful country setting on Polpis Harbor with sweeping views over salt marshes out to Polpis Harbor. Magnificent oak trees and varied topography make this a special site.

Fabulous six bedroom, five bath custom built home located at the end of a quiet lane with sunset views over the pastoral landscape and Westmoor Club. Exquisite cherry woodwork throughout. Viking appliances and rare granite counters complete this custom gourmet kitchen. The oversized lot has room for additional buildings and a pool. Offered fully furnished.

$3,500,000

$2,900,000

Edward Sanford

Bill Liddle

Greg McKechnie

Debbie Deeley Culbertson Julie Gasco Tracy Cullinane Amy Mart

Liz Finlay Dawn Holdgate Nina Liddle Sam Parsons

Laura Fletcher Wayne Howington Carl Lindvall Stuart Reid

•

Nantucket Property News

•

October 21, 2010

Cam Gammill Barbara Joyce Nichole Marks Amanda Tosch

$849,000

House & Guest House — A Bike Ride Away from Miacomet Beach This four bedroom, three bath main house and two bedroom guest house are situated on 1 3/4 very private, wooded acres abutting Nantucket Land Bank Land. The main house offers second floor ocean views over the Land Bank land. The two bedroom guest house also has a two car garage and is privately situated away from the main house. $2,275,000

www.greatpointproperties.com Phil Witte

508 228 2266

Charm in Codfish Park

Spacious Home on an Oversized Lot

A lovely rose covered four bedroom home in Codfish Park! Detail and charm abound inside and out as the house has been wonderfully renovated and maintained. Only a stone’s throw to the beach; this property is indeed special.

Exceptionally located on one of the few remaining cobblestone streets in the heart of downtown just 2 blocks from the Harbor and Main Street, this c. 1850 Greek Revival home offers a beautifully manicured private yard and garden, water views and existing off-street parking with significant building expansion possibilities.

$1,490,000

$3,250,000

Renovated Antique Completely renovated 1800s house located on a quiet street a short distance to town and the Great Harbor Yacht Club. This charming three bedroom home is tucked away in a convenient location with a private patio ideal for grilling and relaxing.

$1,295,000

On the Cliff Overlooking the Sound One of a kind offering! Seven bedroom, seven bath home set dramatically up on the Cliff with over two acres of Sound front property and private stairs to a pristine beach. Expansive decks provide stunning 180 degree views of Nantucket Sound. Potential for subdivision or substantial expansion.

$17,500,000

Sleepy Hollow

Attractive Cape with Options

Classic Madaket Harbor front cottage with private beach. This open stud three bedroom cottage capture the essence of summer with its simple charm and spectacular views. This offering is comprised of two separate parcels on 1.3 waterfront parcel and one directly across Massachusetts Avenue, the combination provides versatility and privacy.

Rambling single story in town home several blocks to Upper Main Street. This four bedroom home is tucked in on a quiet side street and features a wonderful courtyard garden and an enclosed terrace. The house was updated in the 1990s and has bright and open living spaces and a recently renovated kitchen with granite counters and stainless appliances.

Adorable Cape style home located on a large lot in a quiet neighborhood. Three floors of living space. Spacious yard. Unique lot configuration and zoning allow for a second dwelling and a commercial building that would appear like it was on a separate parcel fronting on Old South Road.

Landmark Lincoln Circle Property

Recently Built Custom In-Town Home

Fabulous Victorian antique on an oversized lot. This bright and sunny summer home offers ample room for expansion and potential for subdivision. Ideally located across from Steps Beach. Harbor and Sound views from many rooms.

A beautiful new home built within the historic district on a large oversized lot. Built by island craftsmen in 2003, this home offers 5 full bedrooms suites, each with a full bath, plus two additional half baths. The finished basement includes a movie theater with comfortable leather seating for six people. A large lot of over 10,000 square feet.

Madaket Harborfront

$2,695,000

$6,750,000

$1,150,000

$1,295,000

Manicured Setting A Walk Away from the Beach This fabulous home is moments from south shore beaches on over an acre of land. The property offers three bedrooms, three and a half bathrooms, a finished basement, large wrap around deck and two car garage. Room for an additional dwelling, pool or tennis court.

$2,995,000

Edward Sanford

Bill Liddle

Greg McKechnie

Debbie Deeley Culbertson Julie Gasco Tracy Cullinane Amy Mart

Liz Finlay Dawn Holdgate Nina Liddle Sam Parsons

Laura Fletcher Wayne Howington Carl Lindvall Stuart Reid

Cam Gammill Barbara Joyce Nichole Marks Amanda Tosch

$2,495,000

www.greatpointproperties.com Phil Witte

October 21, 2010

•

Nantucket Property News

•

NEWS REPORT For banks, the proof is in the paperwork Continued from page 1

Mortgage Originations by Product Type

and the recession, lenders have instituted more lengthy and stringent processes. They may require more than one assessment of a property and are looking more carefully at unearned income. I just know that some people who were easily financed in the past are no longer, and have had to apply to more than one lender. Financing is taking much longer than it used to.” Today, applications for home and commercial mortgages are unprecedented in their structure and strictness, delving deep into people’s financial past and present abilities and on a more personal level than at any juncture in lending histoSource: Freddie Mac ry. Beth Ann Meehan, the Senior Mortgage Loan Officer at Pacific National Bank, explained that while lending is con- Conventional 30-Yr Mortgage Rates 1971 ~ 2010 tinuing it comes with many strings attached. Applicants must now possess a credit score close to 800. In bygone days, a score of 620 was average but is now deemed a relatively poor count. A score of 700 is considered good. This year, even Federal Housing Administration (FHA) loans for first-time home-buyers require a minimum score of 620, Meehan said. Besides the credit score hurdle, borrowers must show the bank their last two years of tax returns and document where their down payment has been on deposit for the past two months. “You can’t have under the mattress money anymore,” said Meehan. If a divorce has occurred, loan applicants must produce a complete divorce decree listing income or payments as well as documentation of child support income or payments, a year-to-date profit and loss statement if self-employed and Source: Freddie Mac the name, address and phone number of their landlord if they conservative in lending. Anticipating the current climate will continue are renters. into the foreseeable future, Waters suggests that those seeking to bor“If you get a bad verification of rent you can be declined for a loan row, whether for residential or commercial purchases, be prepared with even if you have a perfect credit score,” said Meehan. “It is different all the documentation required for a high level of inquiry. He strongly than what it was.” advises commercial loan applicants to bring in a business plan clearly Dalton Frazier of J. Pepper Frazier Company knows all too well how indicating where their mortgage will be spent. difficult it can be for those who want to buy into the Nantucket real “A lot of information once was taken on faith,” Waters said. “The estate market, but need financing. pendulum has swung the other way, to check and verify.” “You just have to be a really strong borrower. You need really strong Cape Cod Five has a loan production office open by appointment as credit, collateral and cash, and it’s even more so for commercial,” said it seeks to establish a full branch bank on the island. Though it considFrazier. “It definitely will hurt with the locals, but the off-island buyers ers itself a community bank with a degree of local decision-making come in knowing what they can afford and are prepared. A lot of times power, Dave Brennan, CCF’s Head of Residential Lending, cautions they are cash buyers, or they have the cash if their financing doesn’t borrowers that regulatory guidelines still apply to that bank’s applicacome through. tion process. “We tell clients to call [the local banks] and see what their rates are “Everybody’s kind of being punished. The requirements put forth and call other people and see what you get. The local banks know now are very arduous and require a lot of documentation. In our opinNantucket. If they have the [competitive] rates they have the rates, and ion, the regulations have come too far now and made the process overif they don’t that’s too bad,” Frazier added. “Right now it’s tough ly cumbersome and restrictive,” Brennan explained. because they say you qualify or you don’t, even with the historical “Being a community bank, if we see a loan that does not apply under rates.” Fannie Mae or Freddie Mac [federal guidelines] we can take a look at Compass Rose Real Estate principal Cindy Lenhart agrees with it from a standpoint of not selling it and putting it in our portfolio. We Dey’s and Frazier’s observations on current lending restrictions and has may not be able to provide the same rate but we can offer an alternative seen the frustration with her own customers. to the borrower in many instances. We would possibly be able to stretch “We have a commercial property to sell and a guy who wanted it. He the debt to income ratio, though that doesn’t lower the credit score. You has a significant amount of cash to put down and good credit, but he must still provide some degree of common sense to any transaction. could not get commercial lending and he went to five different banks,” “Try very, very hard not to acquire new debt before a closing or you said Lenhart. “Getting money to buy a commercial property is very difmay be denied because your situation has changed,” stressed Brennan. ficult. There are several commercial properties available, but if [buyers] “This is the price everybody is paying for the lack of regulations and can’t get the funding there is no way.” enforcement in the mortgage market between 2004 and 2007.” Quint Waters, the Senior Vice-President for Commercial Lending at Nantucket Bank, and Bill Welch, the Senior Commercial Lender at Next: Insuring your property Cape Cod Five Cents Savings Bank, explained that the primary impediment in commercial lending today is the sluggish economy. Mary Lancaster has been a year-round island resident for 40 years. “There have been no regulatory changes that affect commercial She moved to Nantucket after spending several years as an advertising lenders — we still review corporate and personal financial statements illustrator in New York City and Connecticut. Her journalism career, and tax returns we’ve always asked for. What has made it tougher for spanning 24 years to date, began as a reporter for the Inquirer and us to make loans is the economic conditions,” said Welch. “The other Mirror, then The Nantucket Beacon and most recently as a staff writer piece of it is real estate values that have declined. That has made it more with The Nantucket Independent. Between and during her jobs with difficult to refinance because of loan to value issues. The economic those newspapers she also wrote for several local magazines. She is conditions have slowed commercial real estate transactions to a great currently working as a freelance writer. degree, but we are certainly looking to do business and find new loans.” Waters said the lagging economy is placing pressure on banks to be

NEWS REPORT T H E W I N D B L OW S ~ T H E S U N S H I N E S

Embracing the power of nature ENERGY

for 10, five-megawatt wind turbines south of Tuckernuck Island. It also By Peter B. Brace installed two solar-powered trash Property News Writer collector/compactors at Children’s Beach and Nantucket Memorial uring the summer of 2010, Airport is working on a plan for solar Nantucketers experienced arrays as well. many of warmest, sunniest There are, however, equipment weather over consecutive days, O N N A N T U C K E T and installation costs, Historic and weeks, that it has seen in the District Commission and infrastruclast decade. No one, it seems, could remember more beauti- ture issues, and cloudy, windless days to factor in to ful summer weather in recent memory. And while your renewable energy equation. On Nantucket, installers of solar and wind enerwe soaked up the rays on the beach, a growing gy conversion systems include Nantucket Solar, group of relatively new sun worshippers — those Energy Independence Today, the Gravel Shoals with solar panels on their roofs or in their backyards — were also dancing in the abundant light from Group and the Nantucket Alternative Energy above to the beat of clean, renewable kilowatts Collaborative. In 2009, the HDC adopted its green building pulsing into their buildings. Rated as “Good” by the National Renewable guidelines, “Sustainable Preservation,” an addenEnergy Laboratory of the U.S. Department of dum to its bible of island building recommendaEnergy’s Office of Energy Efficiency and tions, “Building with Nantucket in Mind.” Renewable Energy, Nantucket bathes in Unfortunately, for would-be owners of wind and 4.41kWh/sq-m/day of sunlight — measured by solar energy systems, although the HDC tries to NREL in kilowatt hours per square meter per day guide such accessory structures into the preferred proper historical context and out of sight from puband based on annual percentages. However, despite the howling, incessant winds lic ways, these new guidelines can be limiting, of the nor’easters that pound the island during the especially to the placement of solar panels on the winter, forcing ferry boat cancellations, and the sides and roofs of buildings. The other hurdle is cost. Because every installastrong southwest winds of summer that keep tion is different depending on power needs, buildkitesurfers aloft off Pocomo Point, NREL rates ing orientation, site-specific shading, wind speeds Nantucket’s wind potential as only “Marginal” with average annual wind speeds at 12.5 to 14.3 mph on and visibility, nailing down initial costs can be difland, speeds that actually work well for residential ficult. Licensed installer Bobby King, Jr. of Nantucket Solar said homeowners installing a 250turbines. Regardless of these mixed federal ratings of kilowatt system, around the energy level for the solar and wind energy potential, Nantucket residen- average house, would pay $17,000 to $20,000 for tial and commercial property are installing solar all components and labor costs and can expect a energy (photovoltaic electricity-generating panels), rate of return of up to 30 to 50 percent off their elecsolar thermal (solar-heated water systems), and tric bill. If wind is your preferred renewable power wind energy conversion systems at a steadily increasing rate. In 2008, the HDC approved 10 source of choice, Liz Huberman of Gravel Shoals Group, the only licensed installer of residential solar and wind energy systems, and 19 in 2009. Not waiting for Cape Wind’s wind turbines to wind turbines on Nantucket, said the 23- and 30start producing energy, the town is also installing its foot vertical Windspire wind turbines they use proown wind turbines and photovoltaic solar panels. duce 2,000 kilowatt hours per year and cost Nantucket High School recently erected a 190-foot, $19,000 to $22,000 to install. Like solar, however, 100-kilowatt wind turbine designed to cover 20 to these costs are rough estimates, depending largely 25 percent of the high school’s electric demand or, on labor costs, siting issues, wind turbine model, around $30,000 in annual savings. The town is and energy needs. The good news is that with both President planning a wind turbine at the Department of Public Works offices, and is in the early planning stages Obama’s and Massachusetts Governor Deval

First in a Series

ALTERNATIVES

Patrick’s administrations staunchly supporting their own renewable energy policies, there are outside funding sources for your project. These include the Massachusetts Clean Energy Center, which offers rebate incentives through Commonwealth Wind’s Micro Wind Initiative and the Commonwealth Solar II Rebate Program. There are also opportunities from the Massachusetts Technology Collaborative, the Federal Residential Solar Tax Credit, Solar Renewable Energy Credits, Massachusetts Property Tax Incentives and Massachusetts Renewable Energy Income Tax Credits. Next: Adding these renewable energy systems to your property Peter B. Brace is a freelance writer who has lived on Nantucket for the last 15 years. The former environmental, growth and development writer for the Nantucket Independent and the Nantucket Beacon, Brace, the author of “Walking Nantucket: A Walkers Guide to Exploring Nantucket on Foot,” is currently working on a natural history of the island and his sequel to “Walking Nantucket.”

INSIDE

NANTUCKET

QUARTERLY RESULTS

5 MINUTES WITH...

A list of all properties for sale by area and price

Second quarter sales summary

Aloha! Bill Liddle takes it easy with The Eagles

Page 6

Page 24

Page 29

NANTUCKET

PROPERTY JOURNAL August/September 2010 • Vol. 2 No. 3

PROPERTY NEWS Vol. 1 No. 6

A publication of the Nantucket Association of Real Estate Brokers

LNantucket I N K New Listings

Our Property

July 14 - July 28 $8,950,000 Cliff Kimball Ave. 5/3 Island Properties

Online. Anywhere. Anytime.

$8,800,000 Sconset Baxter Road 6/6+ Lee RE & Westbrook RE $8,500,000 Shimmo Gardner Road 8/5 Great Point Properties

July 30, 2009

After searching for a home on Nantucket for 12 of the 17 years they have been visiting, Jill and Rick Lesko found their oasis in Nanahumacke Preserve, off of Hummock Pond Road. The couple purchased their partially built home last September, and closed on it in April.“We fell in love with the natural surroundings and the pond that is here, and the fact that it is surrounded by conservation land,” says Jill, who first visited the island when she was 13.“We love the natural setting and the beauty of the 23 acres that are being developed.” Jill also cited the development’s close proximity to the beaches, Bartlett’s and the brewery. Rick is an internal medical physician who heads a medical group in New Jersey. Jill worked as a marketing and sales executive for Johnson & Johnson for 23 years, and is starting her own independent consulting business. They have two daughters — one just graduated from college and is planning to work as a graphic designer or an animator.The other will attend Harvard Business School this fall.

$3,950,000 Town Pleasant St. 5/5+ Great Point Properties

www.nareb-online.com

$4,495,000 Sconset Main St. 4/3 Maury People/ Sotheby’s

New Listings continued on page 30

istorians are an interesting bunch. They love libraries and the love doing research in libraries. They love going through piles of old books and documents, searching for that elusive clue that will shed some new light on a relatively obscure (what they like to call “historic”) fact. A

Nantucket Property Journal

•

Nantucket Property News October 21 2010

JORDI CABRE

PHOTO

Ranneys share reflections of Real Estate firsts

•

lot of times they end up with findings that include phrases like, “It’s difficult to pinpoint the exact year when suchand-such-a-group actually came into existence, but the first recorded organized meeting was in whatever year.” I’m not a historian.

THE

A publication of the Nantucket Association of Real Estate Brokers

LINK NANTUCKET

HISTORY OF REAL ESTATE ON NANTUCKET PART 4 By Andrew Spencer Contributing Writer

That’s not to say that I don’t like research (I don’t, just for the record) and that I don’t like libraries (again, not the world’s biggest fan). But before anybody gets all out of sorts and ready to yell at me, I’d point out that on Nantucket, we don’t have a library. We have an

Nantucket Property News

Atheneum. Totally different ballgame. I knew that legal retainer would come in handy. And speaking of lawyers, I happened to be in the neighborhood recently of Denby Real Estate on Whaler’s Lane, an office that was, at the time of my arrival, populated by See History, page 25

•

P.O. BOX 987, Nantucket, MA 02554

E-MAIL:

kenneth.lindsay@comcast.net

OFFICE

(508) 228-6396

CELL

(508) 776-5859

Privacy in Tom Nevers East

New to market on 2.75 acres of land is this single level, 3 bedroom home with wonderful cathedral ceilings and cobblestone fireplace. Options to build a second dwelling or expansion of existing house exist. This is simply a “big, little” house and a must visit to completely appreciate. Please call Ken Lindsay for more information or to make an appointment to view.

Exclusive $1,350,000

LNantucket I N K Area

Area Price

Street

Bed/ Bath

Lot Size

Listing Office

Type

Miacomet $435,000 $449,000 $479,000 $511,000 $511,000 $575,000 $695,000 $695,000 $860,000 $925,000 $950,000 $999,500 $999,999 $1,195,000 $1,195,000 $1,350,000 $1,350,000 $1,995,000 $2,275,000 $10,900,000

Somerset Ln 0/0 Miacomet Ave 3/2 Mikes Dr 0/0 Sommerset Road 0/0 Somerset Road 0/0 Miacomet Ave 3/1 Helens Dr 3/2 Celtic Dr 6/4 Catherine Ln 4/2.5 Catherine Ln 3/3.5 Somerset Road 3/2.5 Sleepy Hollow 4/5 Miacomet Ave 3/2 Appleton Road 5/3 Mizzenmast Road 3/3.5 Topping Lift Road 5/5 Bartlett Road 1/1 Miacomet Road 3/2.5 Pond View Dr 4/3 West Miacomet 6/5

0.46 0.11 0.46 0.45 0.45 0.16 0.32 0.20 0.56 0.71 0.45 0.29 0.32 2.00 0.47 0.61 0.70 1.80 1.80 1.90

Land SF Land Land Land SF SF MF SF SF SF Condo SF SF SF SF MF SF SF SF

GTPT COFF GTPT CVIL CSAA COFF CVIL MAUR COMP MAUR COFF MAUR COFF MAUR CONG MAUR NREC MAUR GTPT CONG

0.00 0.14 0.12 0.23 0.11

Condo Land Land Land Land

COFF MAUR JORD BAMB KILL

Mid Island $169,000 $245,000 $250,000 $275,000 $295,000

Old South Road Pine Crest Dr Surfside Road Bartlett Road Allens Ln

0/1 0/0 0/0 0/0 0/0

KEY TO LISTING OFFICES AERE BAMB BOYC BWRE BLUE CHAT COFF

. . . . . . . .Atlantic East Real Estate . . . . . . . .Bamber Real Estate . . . . . . . .Boyce Realty . . . . . . . .Bennett Witte Real Estate . . . . . . . .Bluewater Real Estate . . . . . . . .Chatfield Taylor . . . . . . . .Coffin Real Estate

KEY TO PROPERTY TYPE

•

Nantucket Property News

Price $295,000 $315,000 $315,000 $315,000 $375,000 $375,000 $389,900 $395,000 $399,000 $399,000 $425,000 $425,000 $425,000 $425,000 $425,000 $425,000 $425,000 $429,000 $440,000 $449,000 $450,000 $450,000 $450,000 $455,000 $460,000 $460,000 $475,000 $479,000 $489,000 $489,000 $495,000

Area Street Allens Ln Essex Road Essex Road Macys Ln Cow Pond Ln Essex Road Pine Tree Road Amelia Dr Sun Island Road Park Circle Arrowhead Dr Arrowhead Dr Arrowhead Dr Arrowhead Dr Arrowhead Dr Arrowhead Dr Arrowhead Dr Bailey Road Park Circle Sparks Ave Perry Ln Amelia Dr Amelia Dr Park Circle Hinsdale Road Hinsdale Road Amelia Dr Ticcoma Way Old South Road Old South Road Friendship Ln

Bed/ Bath 0/0 3/2.5 3/2.5 0/0 4/3 3/1 3/2.5 0/1.5 2/1 3/2.5 0/0 0/0 0/0 0/0 0/0 0/0 0/0 3/2 3/2.5 1/1.5 4/2 0/0.5 0/0.5 3/2.5 2/2.5 2/2.5 0/0.5 0/0 3/1 3/1 0/0

Lot Size 0.12 0.12 0.12 0.13 0.18 0.00 0.19 0.00 0.00 0.00 0.12 0.12 0.12 0.12 0.12 0.12 0.12 0.23 0.00 0.00 0.22 0.00 0.00 0.00 0.00 0.06 0.00 1.00 0.33 0.33 0.46

Type Land Condo Condo Land Condo Condo SF Condo Condo Condo Land Land Land Land Land Land Land Condo Condo Condo SF Com Com Condo Condo Condo Com Land Com SF Land

Listing Office FRAZ MAUR MAUR JLEE COFF CSAA FRAZ COFF CONG KILL CONG CONG CONG CONG CONG CONG CONG FRAZ GTPT KILL CHAT COMP COMP COFF WWRE WWRE KILL BAMB JORD JORD CONG

Price

Street

Bed/ Bath

Lot Size

$495,000 $540,000 $559,000 $595,000 $595,000 $599,000 $599,000 $599,500 $600,000 $630,000 $645,000 $660,000 $665,000 $675,000 $695,000 $695,000 $695,000 $719,000 $727,000 $729,000 $729,000 $749,000 $765,000 $775,000 $775,000 $775,000 $775,000 $795,000 $795,000

Friendship Ln Teasdale Circle Essex Road Hooper Farm Rd Mary Ann Dr Macys Ln Pine Grove Road Dennis Dr Appleton Road Hinsdale Rd #A Macys Ln Bartlett Road Pine Tree Road Daffodil Ln Essex Road Equator Dr Friendship Ln Gray Ave Friendship Ln Surfside Road Equator Dr Hooper Farm Rd Appleton Road Teasdale Circle Enterprise Circle Enterprise Circle Teasdale Circle Gray Ave Gray Ave

0/0 2/2.5 4/3 2/2 3/3 4/2.5 6/3 3/1.5 2/2 4/4 3/2 4/4 3/2 3/2.5 3/2.5 3/3 4/3 5/2.5 6/3 1/1 2/1.5 5/2.5 3/2 8/8 3/2.5 3/2.5 8/8 5/3 5/3

0.46 0.00 0.19 0.25 0.28 0.19 0.23 0.23 0.24 0.00 0.17 0.25 0.20 0.47 0.20 0.46 0.47 0.67 0.49 0.44 0.47 0.53 0.23 0.31 0.46 0.46 0.31 0.23 0.23

Type

Land Condo SF SF Condo SF MF SF SF Condo SF Condo SF Co-Op SF MF SF SF MF SF SF SF SF MF SF SF MF MF SF

NREC WWRE FRAZ CONG COFF ISLP COMP MAUR ISLP COMP GTPT MAUR COMP JORD COFF COFF JORD MAUR ISLP BAMB FRAZ COFF KILL CVIL GTPT COFF FRAZ BAMB CSAA

Continued on page 16

SF . . . . . . . . . . . .Single Family MF . . . . . . . . . . .Multi Family

Land . . . . . . . . . .Land Condo . . . . . . . .Condo

Com . . . . . . . . . .Commercial Co-op . . . . . . . . .Co-op

• October 21, 2010

Listing Office

19 Centre Street Nantucket, MA 02554

508.228.3202 www.jpfco.com

Eel Point $2,850,000 Two fabulous newer houses sited on two meticulously landscaped acres in Dionis with a custom Gunite pool to be built by Seller and ready for Summer 2011. Over 6,000 sf of spacious living space between the two houses. Each has multiple outdoor living areas and the heavy landscaping provides great separation between the two houses. 1/4 mile to Dionis Beach and 3 miles to Town. This property offers a great value for the sought after area of Dioni assessed over $3.5MM! Strong rental history with over $150K in gross rents for 2010.

~ We can show you any property for sale on Nantucket ~ 19 Centre Street Nantucket, MA 02554

508.228.3202 www.jpfco.com

Jewel of Brant Point $3,100,000 The house was thoughtfully designed by Andrew Kotchen with flawless exterior lines and a light and airy interior that is great for entertaining. The house was built with the highest quality of craftmanship and materials and has sophisticated moldings and recessed lighting throughout. Located on a well manicured, elevated lot with lots of outdoor living including a front wrap around porch and a back brick patio with a pergola. The house has great flow and is in excellent condition. Currently it is a 3 bedroom/2.5 bath, but could easily be made into a 4 bedroom/3.5 bath. Offered furnished. Must see!

19 Centre Street Nantucket, MA 02554

508.228.3202 www.jpfco.com

Hummock Pond $1,150,000 Well maintained, house and cottage on a meticulously landscaped half acre lot in the sought after Hussey Farm area. Three bedroom, two bath main house with private deck overlooking vegetation. Two bedroom, one and a half bath cottage with nice outdoor space. Many possibilities as the house and cottage have nice separation. Both are very bright and cheery. Sold fully furnished. Outstanding value!

LNantucket I N K Area

Area Price $799,000 $799,000 $799,000 $799,000 $800,000 $839,000 $850,000 $895,000 $895,000 $895,000 $899,000 $899,000 $925,000 $925,000 $949,000 $989,000 $995,000 $998,000 $1,150,000 $1,150,000 $1,150,000 $1,150,000 $1,195,000 $1,200,000 $1,250,000 $1,275,000 $1,285,000 $1,295,000 $1,300,000 $1,449,000 $1,895,000

Street Tashama Ln Trotters Ln Halyard Ln Salros Road Ticcoma Way Jeans Way Surfside Road Cato Ln Pine Crest Dr Luff Road Rudder Ln Rudder Ln Witherspoon Dr Hinsdale Road Old South Road Polliwog Pond Rd Old South Road Fairgrounds Road Pine Crest Dr Hanabea Ln Old South Road West Creek Road Teasdale Circle Ticcoma Way West Creek Road Teasdale Circle Meadow View Dr Chins Way Amelia Dr Pine Crest Dr Sheep Commons

Bed/ Bath 4/3.5 8/3.5 3/2 4/3 0/0 4/3.5 5/2 6/5 3/3.5 3/2 3/2.5 3/2.5 4/3.5 4/4.5 4/2.5 6/3 0/3 4/3 3/3.5 5/4.5 4/4 4/3.5 4/2 0/0 4/3 4/3 4/4.5 3/1 3/4 5/5.5 3/2.5

Lot Size 0.28 0.50 0.35 0.23 1.50 0.34 0.23 0.23 1.29 0.34 0.40 0.40 0.13 0.11 0.00 0.25 0.18 0.54 1.10 0.17 0.17 0.14 0.27 2.50 0.14 0.29 0.46 0.13 0.00 0.71 0.62

KEY TO LISTING OFFICES AERE BAMB BOYC BWRE BLUE CHAT COFF

KEY TO PROPERTY TYPE

•

Nantucket Property News

Listing Type Office SF NREC MF DENB SF WWRE Com CSAA Land BAMB SF MAUR MF CSAA MF BAMB SF MAUR SF NREC SF CSAA SF BAMB SF MAUR MF COMP Condo CONG SF CVIL Com KILL SF AERE SF GTPT Com COFF Com COFF Com COFF Com FRAZ Land BAMB Com COFF Com GTPT SF COFF Com CONG Condo COMP SF COMP SF WWRE

Price $1,995,000 $1,995,000 $2,000,000 $2,100,000 $2,400,000

Area Bed/ Street Bath Milestone Crossing4/3.5 Tetawkimmo Dr 4/4 Amelia Dr 3/5.5 Sheep Commons 4/4 Amelia Dr 3/5.5

Lot Size 2.76 0.84 0.29 0.65 0.29

Type SF SF Com SF Com

Listing Office JORD GTPT COMP JORD COMP

Brewster Road Brewster Road Monomoy Road Brewster Road Monomoy Road Monomoy Road Monomoy Road Monomoy Road Salt Marsh Road

0/0 3/2 3/2 4/3.5 3/3 5/4.5 8/6.5 6/8 6/7

2.86 1.37 0.83 0.99 0.69 0.15 1.75 0.97 5.06

Land SF SF SF SF SF SF SF SF

FRAZ MAUR CONG ISLP JLEE CONG KILL KILL KILL

2/3 3/3 3/3 3/3 3/2.5 3/2.5

0.00 0.00 0.09 0.00 0.00 0.29

Co-Op Co-Op Co-Op Co-Op SF SF

AERE AERE ISLP JORD WLCH COFF

Monomoy $1,799,000 $1,995,000 $2,195,000 $2,650,000 $3,500,000 $3,895,000 $5,995,000 $6,500,000 $7,900,000

Nashaquisset $725,000 $790,000 $799,000 $799,000 $875,000 $1,153,750

Washaman Ave Mamack Ln Autopscot Circle Autopscot Circle Washaman Ave Yompasham Ln

Price

Street

Bed/ Bath

Lot Size

Goldfinch Dr Goldfinch Dr Goldfinch Dr Goldfinch Dr Bluebird Ln Goldfinch Dr Goldfinch Dr Goldfinch Dr Goldfinch Dr Goldfinch Dr Dovekie Court Curlew Court Killdeer Ln Kittiwake Ln Curlew Court Kittiwake Ln Goldfinch Dr Goldfinch Dr Bluebird Ln Goldfinch Dr Bluebird Ln Goldfinch Dr Kittiwake Ln Goldfinch Dr

0/0 0/0 0/0 0/0 0/0 0/0 0/0 4/3.5 3/2.5 3/2.5 5/4.5 3/2.5 5/3.5 3/3.5 3/2.5 4/3 3/3 4/3.5 5/3.5 3/3.5 5/4.5 5/3.5 5/5.5 3/3.5

0.13 0.13 0.12 0.11 0.13 0.15 0.14 0.15 0.13 0.14 0.16 0.11 0.12 0.12 0.13 0.11 0.13 0.11 0.15 0.11 0.13 0.15 0.11 0.22

Type

Naushop $395,000 $395,000 $425,000 $450,000 $495,000 $550,000 $550,000 $799,999 $829,000 $870,000 $895,000 $910,000 $915,000 $945,000 $989,000 $995,000 $999,000 $1,099,000 $1,099,000 $1,150,000 $1,195,000 $1,245,000 $1,265,000 $1,450,000

Land Land Land Land Land Land Land SF SF SF SF SF SF SF SF SF SF SF SF SF SF SF SF SF

CSAA JORD CONG CONG CONG CONG CONG FRAZ MAUR JORD AERE JORD COMP JORD NREC CONG CSAA CONG CONG CONG GTPT WWRE COFF CONG

Continued on page 18

SF . . . . . . . . . . . .Single Family MF . . . . . . . . . . .Multi Family

Land . . . . . . . . . .Land Condo . . . . . . . .Condo

Com . . . . . . . . . .Commercial Co-op . . . . . . . . .Co-op

• October 21, 2010

Listing Office

Since You Asked

1821 Federal-style in town

Questions for the editor

“I plan to apply for a mortgage loan to buy a house by the end of the year. I was told I should get preapproved first. What kind of financial documents are needed for the pre-approval process?” I’ll get to the documents part of your question in just a moment. But first, I want to touch on the reason for preapproval. Through this process, a mortgage lender will review your financial situation and tell you how much they are willing to lend you. It’s not set in stone, and it doesn’t obligate the lender into giving you that amount — but it’s still a useful step worth taking before you start looking at houses. Getting a mortgage pre-approval helps you in two ways. For one thing, it helps you narrow your home search by giving you a price range. Granted, you should establish your own budget before you even start talking to lenders, but a pre-approval is still helpful in this regard. The second way it helps you is by making sellers take you seriously. This is especially important in a seller’s market. If a seller receives three competing offers, but only one of the buyers has been pre-approved, they'll probably take the pre-approved offer more seriously — and for obvious reasons. When you arrange for a mortgage pre-approval, the lender should tell you which financial documents you need to bring. If they don’t give you a list of required documents, you should ask for one. Today, in the wake of our economic recession, lenders are asking for even more documents than they’ve required in the past (See this week’s front page story). Here’s a list of the most common items needed during the mortgage pre-approval process: • W2 statements (or 1099 income statements) for the last two years • Federal tax returns for the last two years • Bank statements for the last few months • Recent pay stubs and proof of other income (if applicable) • Proof of investment income you are currently receiving (if applicable)

Newly renovated, 3 bedrooms, 3.5 baths HDC plans for 4th bedroom $2,925,000

Tom Nevers Waterfront

4 bedroom house, 2 bedroom cottage, with deep yard. Fully furnished. $2,350,000

Sconset Beauty

Graham Goldsmith design. Ocean views and deeded beach access. $2,950,000 5 bedrooms.

Sconset Waterfront Land

Again, this is just a standard list of documents needed for pre-approval. Your lender may not require as many of these items, or they might ask for additional items not listed above. So, be sure to ask for a complete list before you go to your appointment. Why are all of these documents needed to get pre-approved? Basically, the lender is trying to figure out (A) how much money you earn and (B) how much cash reserves/savings you have on hand. Specifically, they want to make sure that you make enough money to cover your mortgage payments. This is how they determine the amount they are willing to lend you. It’s all based on the documents you provide and your current credit score — everything else is secondary to this.

Low Beach/Hawks Circle. 1/2 Acre, 12.5% coverage. Town Water & Sewer. $1,800,000

“Since You Asked” is designed for general information purposes only and should not be construed to be formal legal advice. You should consult an attorney for advice regarding your own situation

Email your questions to the editor editor@nareb-online.com

Dana & David Boyce, licensed brokers Jamie Feeley, sales associate 508.257.6962 www.boycerealtynantucket.com

Rate Trend Index

MONEY

Will rates rise, fall or remain relatively unchanged? Here’s how experts surveyed by Bankrate.com think rates will move in the next 30 days

MATTERS

29%

Unchanged

59%

Average Nantucket area mortgage rates, thru October 15 2010

Down

12%

LNantucket I N K Area

Area Price

Street

Bed/ Bath

Lot Size

Listing Office

Type

Pocomo $1,425,000 $2,300,000 $2,475,000 $2,990,000 $3,295,000 $3,995,000 $4,400,000 $4,750,000 $5,995,000 $7,900,000 $7,900,000 $17,995,000

Pocomo Road Wauwinet Road Pocomo Road Pocomo Road Village Way Pocomo Road Lauretta Pocomo Road Lauretta Ln Pocomo Road Pocomo Road Pocomo

3/2 3/2.5 4/3 4/4 3/4.5 4/3 4/3.5 7/5.5 6/6.5 6/4.5 3/2 6/6.5

1.00 3.00 3.00 3.93 0.29 4.06 1.76 2.90 3.04 2.81 2.70 5.70

SF SF SF SF SF SF SF SF SF SF SF SF

NREC CONG JORD AERE ISLP WWRE KILL MAUR CONG JORD ISLP ISLP

Polpis $1,550,000 $2,895,000 $3,495,000 $3,695,000 $4,989,000 $6,950,000 $11,750,000 $12,500,000

North Pasture Ln Polpis Road Polpis Road Almanack Pond Polpis Road Polpis Road Polpis Road Polpis Road

0/0 5/4.5 3/3.5 4/3 5/6 5/6.5 6/9 6/7

0.95 3.09 1.05 3.99 2.95 7.50 5.98 10.00

Land SF SF SF SF SF SF SF

CONG KILL JLEE GTPT MAUR MAUR GTPT MAUR

Bassett Road Bassett Road Quaise Pastures Quaise Pastures Quaise Pastures Quaise Pastures

2/1 5/2 5/4.5 0/0 5/2 6/7

0.99 0.75 2.01 4.42 4.42 6.89

SF SF SF Land SF SF

FRAZ FRAZ JORD GTPT GTPT GTPT

Brier Patch Road Sesachacha Road Quidnet Road Chase Ln Quidnet Road Quidnet Road

0/0 3/2.5 3/2 4/3 6/6.5 0/0

1.01 0.14 0.25 4.39 2.76 3.60

Land SF SF SF SF Land

MAUR AERE MAUR CONG CONG MAUR

0.22 0.26 0.11 0.12 0.12 0.12 0.05 0.11 0.05 0.52 0.04 0.12 0.12 0.07 0.32 0.76 0.76

Land Land Land Land Land Land SF Land SF SF SF Land Land SF SF Land Land

AERE NREC MAUR MAUR MAUR MAUR CVIL MAUR JLEE MAUR MAUR MAUR MAUR NREC MAUR JORD CSAA

Quaise $899,000 $2,400,000 $3,300,000 $3,500,000 $3,500,000 $6,900,000

Quidnet $940,000 $1,695,000 $2,749,000 $3,295,000 $3,395,000 $3,495,000

Area Bed/ Bath

Lot Size

Price

Comeau Ln 0/0 Comeau Ln 0/0 Hydrangea Ln 0/0 Hydrangea Ln 0/0 Hydrangea Ln 0/0 Hydrangea Ln 0/0 Bank St 1/1 Hydrangea Ln 0/0 Bank St 1/1 Baxter Road 5/4 Codfish Park Road 1/1 Hydrangea Ln 0/0 Hydrangea Ln 0/0 Lily St 2/1 Baxter Road 4/4 Black Fish Ln 0/0 Burnell Lot C 0/0

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Nantucket Property News

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Lot Size

Thirty Acres Ln Washaman Ave Hiawasse Ln Hooper Farm Tashama Ln Larrabee Ln Nobska Way Lewis Court Vesper Ln

2/1.5 3/2 0/0 2/1.5 3/2 6/3 4/2 4/2 2/1

0.00 0.24 0.54 0.47 0.17 0.23 0.35 0.34 0.17

Condo SF Land SF SF MF SF SF SF

DENB JORD JORD COMP NREC KILL GTPT FRAZ WWRE

Squam Road Squam Road Squam Road Squam Road

0/0 4/2.5 0/0 8/12.5

0.92 2.40 10.95 2.40

Land SF Land SF

MAUR JLEE WWRE GTPT

S Pasture Ln Surfside Road Evergreen Way Daffodil Ln Surfside Road Surfside Road Daffodil Ln Surfside Road Maclean Ln Pochick Ave Weweeder Ave Field Ave Boulevarde Surfside Road Surfside Road Woodbine St Skyline Dr Lovers Ln Pochick Ave Boulevarde Pochick Ave Pequot St Field Ave Surfside Road Pochick Ave Pochick Ave Orkowaw Ave Plum St Surfside Road Woodbine St Skyline Dr Pochick Ave Okorwaw Ave Nonantum Ave Orkowaw Ave

0/0 3/2 4/3.5 4/2 4/5 5/3.5 3/2.5 3/3 4/4 0/0 0/0 5/3.5 0/0 0/0 0/0 0/0 4/3.5 4/2.5 3/3.5 4/4.5 5/4.5 4/3 6/5 9/5.5 3/3 3/3.5 3/2.5 5/5.5 4/4 3/3.5 4/3 5/5.5 5/3.5 4/6 4/5.5

0.92 0.21 0.24 0.48 0.38 0.30 1.84 0.23 0.18 1.10 1.15 1.00 0.68 1.25 1.25 1.15 1.84 0.23 0.60 0.94 1.26 0.92 1.01 0.24 0.36 1.00 0.92 0.47 1.00 1.15 3.28 1.10 2.96 0.69 2.76

Land SF Co-Op SF SF SF SF SF SF Land Land SF Land Land Land Land SF SF SF SF SF MF SF SF SF SF SF SF SF SF SF SF SF SF SF

GTPT COFF GTPT MAUR FRAZ KILL NREC CVIL GTPT FRAZ BAMB JORD BAMB WEBS CVIL FRAZ AERE COMP KILL ISLP MAUR COFF GTPT FRAZ COFF MAUR JORD FRAZ COMP GTPT BWRE JORD MAUR FRAZ JORD

0/0 4/2 4/2 2/1

1.16 0.14 0.14 0.00

Land MF MF Condo

JLEE FRAZ FRAZ CONG

Street

$980,000 COFF $995,000 $998,000 $1,100,000 $1,150,000 $1,150,000 $1,150,000 $1,150,000 $1,150,000 $1,295,000 $1,395,000 $1,395,000 $1,450,000 $1,490,000 $1,495,000 $1,500,000 $1,500,000 $1,695,000 $1,725,000 $1,795,000 $1,895,000 $1,995,000 $1,995,000 $2,100,000 $2,295,000 $2,395,000 $2,395,000 $2,425,000 $2,495,000 $2,675,000 $2,895,000 $2,950,000 $2,995,000 $3,000,000 $3,275,000 $3,650,000 $3,750,000 $3,795,000 $3,895,000 $4,100,000 $4,275,000 $4,700,000 $5,300,000 $7,900,000 $9,995,000 $13,995,000

West Sankaty Road

3/1

0.18

South of Town

Bank St Sconset Ave West Sankaty Ave Broadway Sconset Ave Manatook Way Bank St Sconset Ave Lily St Baxter Road Lily St Plainfield Bank St Towaddy Ln Burnell St Burnell St North Road Sankaty Road Shell St Chapel St Morey Ln Coffin St Pochick St Baxter Road King St Main St Sankaty Road Blackfish Ln Cannonbury Ln Ocean Ave Baxter Road Jennifer Ln Milestone Road Sankaty Road Stone Post Way Low Beach Road Annes Ln Main St Morey Ln Burnell St Bunker Hill Low Beach Road Ocean Ave Low Beach Road Low Beach Road

0.13 0.19 0.11 0.05 0.64 0.46 0.05 0.21 0.11 0.24 0.14 1.50 0.08 0.19 0.18 0.18 0.20 0.62 0.15 0.04 0.23 0.13 0.04 0.26 0.16 0.88 0.44 0.48 0.46 0.09 0.52 0.24 2.82 1.05 0.50 0.49 0.48 0.47 0.76 0.00 0.59 3.60 2.33 3.30 7.07

SF SF SF SF SF Land SF SF SF SF SF Land SF SF SF SF SF SF SF SF SF SF SF SF SF SF SF SF SF SF SF SF Land SF SF SF SF SF SF SF SF SF SF SF SF

COFF AERE MAUR WWRE NREC JLEE MAUR DELK NREC MAUR NREC CONG GTPT COFF JLEE AERE COFF COFF MAUR COFF FRAZ WWRE BOYC MAUR FRAZ MAUR COFF FRAZ COFF KILL CHAT KILL BAMB COFF COFF JLEE JLEE JLEE MAUR FRAZ CONG JORD MAUR MAUR MAUR

$299,000 $559,000 $595,000 $599,000 $725,000 $759,000 $859,000 $925,000 $995,000

3.32 2.80 5/5.5

Land Land 2.77

MAUR MAUR SF

Sconset $469,000 $589,900 $695,000 $795,000 $795,000 $795,000 $795,000 $795,000 $795,000 $795,000 $799,000 $850,000 $895,000 $925,000 $950,000 $975,000 $975,000

Bed/ Bath

Price

1/1 4/2 3/1 3/1.5 3/1.5 0/0 1/1 3/2 4/2 3/2 3/2 0/0 4/3.5 4/2 3/3 3/3 4/3 3/1 4/3.5 3/2.5 4/4 3/4.5 3/2 4/2 6/4.5 4/3 4/2.5 5/6.5 5/3 3/3 4/3 4/4.5 0/0 4/3.5 5/6 7/6 3/2.5 4/3.5 6/4.5 8/9 6/7 8/9 5/4.5 8/9 5/5

Type

Listing Office

Shawkemo $1,895,000 $2,800,000 $5,900,000 MAUR $5,995,000 $12,950,000

Polpis Road 0/0 Shawkemo Road 0/0 Shawkemo Hills Ln Wingspread Ln Shawkemo Road

4/5.5 2.77 6/10.5 2.93

SF SF

MAUR JORD

Shimmo Pond Rd Juniper Hill South Valley Road Brewster Road Gardner Road

4/2.5 4/4.5 3/3 5/4 8/5

SF SF SF SF SF

NREC CONG MAUR PREF GTPT

Street

Type

Listing Office

Squam $1,995,000 $5,500,000 $7,950,000 $19,900,000

Surfside $455,000 $665,000 $695,000 $790,000 $795,000 $825,000 $825,000 $849,000 $875,000 $875,000 $895,000 $995,000 $995,000 $995,000 $995,000 $1,300,000 $1,395,000 $1,395,000 $1,399,000 $1,445,000 $1,475,000 $1,500,000 $1,550,000 $1,595,000 $1,695,000 $1,995,000 $2,295,000 $2,295,000 $2,495,000 $2,495,000 $2,500,000 $2,795,000 $3,100,000 $3,695,000 $3,795,000

Shimmo $2,195,000 $2,999,000 $3,395,000 $4,995,000 $7,500,000

0.84 1.82 1.60 1.89 3.25

Tom Nevers $550,000 $595,000 $595,000 $599,000

Gloucester St Old Tom Nevers Old Tom Nevers Old Tom Nevers

SF . . . . . . . . . . . .Single Family MF . . . . . . . . . . .Multi Family

Land . . . . . . . . . .Land Condo . . . . . . . .Condo

Com . . . . . . . . . .Commercial Co-op . . . . . . . . .Co-op

October 21, 2010

BY THE NUMBERS d a t a L I N K Sales History for September 2010 (Data provided by LINK Nantucket)

Propertes sold by type

Properties sold by area

2010 Year to Date Sales Summary by Month (Data provided by LINK Nantucket)

Total Sales - Trend Over Time

Total Value of Sales - Trend Over Time

2010/2009 Average and Median Selling Price Comparison - thru September 2010 (Data provided by LINK Nantucket)

Total Sales Dollar Volume - thru September 2010 (Data provided by LINK Nantucket)

LNantucket I N K Area

Area Price

Street

$649,000 $789,000 $895,000 $899,000 $899,000 $949,000 $950,000 $995,000 $999,000 $1,150,000 $1,175,000 $1,200,000 $1,295,000 $1,350,000 $1,350,000 $1,350,000 $1,350,000 $1,350,000 $1,395,000 $1,395,000 $1,425,000 $1,495,000 $1,595,000 $1,795,000 $1,875,000 $1,895,000 $1,995,000 $2,350,000 $2,900,000 $3,200,000 $3,595,000 $3,795,000 $7,000,000

Clarendon St Clarendon St Berkley St Arlington St Kendrick St Gloucester St Flintlock Road Wrights Landing Whitetail Circle Old Tom Nevers Jonathan Way Green Hollow Lyons Ln Marcus Way Old Tom Nevers Old Tom Nevers Longwood Dr Flintlock Road Old Tom Nevers Exeter St Nichols Road Nichols Road Chuck Hollow Rd Longwood Dr Sandsbury Road Wrights Landing Tom Nevers Road Tom Nevers Road Wanoma Way Wanoma Way Jonathan Way Lyford Road Wanoma Way

Bed/ Bath

3/2.5 3/3 3/2.5 4/3 3/2 3/2.5 0/0 0/0 0/0 8/4 4/2.5 9/6.5 3/2.5 4/3 4/2.5 4/2.5 3/3 5/4.5 3/2.5 3/3 3/2.5 3/2.5 3/2.5 3/2.5 3/3 4/3.5 6/7 6/4 4/3 4/4 5/4.5 3/3.5 6/7

Lot Size

0.36 0.18 0.23 0.37 0.57 0.18 1.20 0.46 2.75 0.34 1.18 2.75 1.12 2.99 0.20 0.20 2.75 2.45 0.30 3.08 0.14 0.33 2.77 2.75 1.20 0.46 2.81 3.05 0.40 0.22 1.37 0.24 3.20

Listing Office

Type

SF SF SF SF SF SF Land Land Land MF SF SF SF SF SF SF SF SF SF SF SF SF SF SF SF SF SF SF SF SF SF SF SF

MAUR WWRE MAUR NREC COFF AERE COFF JORD CONG FRAZ COFF WWRE WWRE CONG COMP FRAZ ISLW COMP MAUR COFF FRAZ MAUR WWRE CONG CONG JORD MAUR BOYC COFF JORD WWRE MAUR CONG

Town $299,000 $329,000 $380,000 $399,000 $475,000 $475,000 $495,000 $500,000 $525,000 $585,000 $625,000 $640,000 $659,000 $675,000 $695,000 $695,000 $699,000 $725,000 $725,000 $745,000 $749,000 $750,000 $795,000 $795,000 $799,000 $806,500 $835,000 $835,000 $875,000 $875,000 $895,000 $895,000 $925,000 $950,000 $975,000 $979,000 $995,000 $998,000 $1,050,000 $1,050,000 $1,050,000 $1,075,000 $1,095,000

Washington St Washington St Center St Pleasant St Jefferson Ln Union St Orange St York St Union St Center St Joy St Orange St Still Dock Orange St Warren St New Ln Silver St Pleasant St Pleasant St Orange St Cherry St Orange St Atlantic Ave Main St Gardner Perry Ln Warren St Center St Union St Union St Union St Mt. Vernon St Spring St Back St Union St Washington St Prospect St Copper Ln Union St Hussey St Hussey St North Liberty St West Chester St York St

0/1 0/1 1/1 1/1 1/1 2/2 1/1 3/2 2/1 1/1 3/3 1/1 2/1 2/2.5 1/1 0/0 4/3 3/2 3/1.5 2/1 2/2 0/0 3/2 2/1 2/1.5 3/3.5 0/0.5 2/2 3/1.5 2/1 3/1.5 3/2 4/2 3/2 2/2.5 3/2 0/0 4/3 2/2 2/2 3/2 3/1 3/2

0.00 0.10 0.00 0.00 0.00 0.12 0.00 0.06 0.12 0.00 0.11 0.00 0.00 0.00 0.05 0.11 0.06 0.13 0.12 0.05 0.14 0.12 0.12 0.00 0.13 0.05 0.00 0.14 0.16 0.12 0.05 0.14 0.10 0.14 0.00 0.19 0.11 0.12 0.03 0.03 0.13 0.19 0.13

Condo Condo Condo Condo Condo Condo Condo SF Condo Condo SF Condo Condo Condo SF Land MF SF SF SF SF Land SF Condo SF SF Com Condo SF SF SF SF SF Condo Condo SF Land MF SF MF SF SF SF

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CVIL CVIL AERE CONG CONG ISLP CVIL MAUR ISLP KILL CONG CSAA GTPT COFF JLEE MAUR COMP NREC COFF WWRE FRAZ COFF GTPT AERE CSAA FRAZ JORD MAUR CVIL COFF JORD JLEE GTPT MAUR MAUR CSAA GTPT ISLP AERE ISLP ISLP AERE GTPT

Area Bed/ Bath

Price

Street

$1,100,000 $1,195,000 $1,199,000 $1,199,000 $1,245,000 $1,249,000 $1,250,000 $1,275,000 $1,295,000 $1,295,000 $1,295,000 $1,295,000 $1,295,000 $1,295,000 $1,300,000 $1,375,000 $1,395,000 $1,395,000 $1,395,000 $1,399,000 $1,399,000 $1,400,000 $1,450,000 $1,450,000 $1,495,000 $1,495,000 $1,500,000 $1,500,000 $1,525,000 $1,595,000 $1,595,000 $1,595,000 $1,595,000 $1,675,000 $1,695,000 $1,695,000 $1,695,000 $1,695,000 $1,700,000 $1,725,000 $1,785,000 $1,845,000 $1,845,000 $1,865,000 $1,890,000 $1,995,000 $1,995,000 $1,995,000 $1,995,000 $1,995,000 $1,995,000 $2,150,000 $2,185,000 $2,195,000 $2,195,000 $2,295,000 $2,295,000 $2,395,000 $2,450,000 $2,465,000 $2,500,000 $2,575,000 $2,595,000 $2,595,000 $2,600,000 $2,675,000 $2,695,000 $2,725,000 $2,750,000 $2,795,000 $2,795,000 $2,850,000 $2,850,000 $2,850,000 $2,895,000 $2,975,000 $2,975,000 $2,995,000 $2,995,000 $3,075,000

Warren St 3/2 Orange St 3/3 Spring St 2/2.5 Washington St 3/1.5 Union St 4/2.5 Washington St Ext 4/3 Main St 3/2 Orange St 7/4.5 Union St 3/2.5 Main St 3/2 Vestal St 4/2.5 Vestal St 0/1 Union St 4/2.5 Back St 3/2.5 Milk St 2/2 New St 3/2 New Ln 4/4 Fair St 6/5 Eagle Ln 3/2.5 North Liberty St 2/2 New St 4/2.5 Dukes Road 4/4 Quince St 4/2.5 Angola St 0/0 Washington St 3/2.5 Farmer St 2/1.5 Pleasant St 2/2.5 Center St 0/0.5 Eagle Ln 3/2 Liberty St 4/3.5 West Chester St 4/2.5 West Chester St 3/3.5 Union St 4/3.5 Lily St 5/3 Williams St 5/4.5 Pine St 4/2.5 Liberty St 3/3 Warren St 3/2 Gardner St 4/1.5 Pleasant St 4/2 Union St 5/4 West Dover St 4/3 West Dover St 4/3 Back St 4/3.5 Orange St 5/5 Pine St 5/3 Pine St 5/3 Main St 5/4.5 New Ln 3/2.5 Main St 5/4.5 Candle House Ln 4/3 Washington St 2/3.5 Fayette St 4/3 Union St 5/5.5 Main St 8/4.5 Ash St 7/7.5 Center St 0/0.5 Flora St 3/2.5 York St 5/6 Meadow Ln 4/3 Hussey St 4/4 Copper Ln 4/4 Angola St 4/3.5 Fair St 5/4 West Chester St 4/3.5 West Chester St 5/3 Barnabus Ln 4/4 Green Ln 7/6.5 Pleasant St 9/8.5 Center St 3/3.5 Copper Ln 5/5.5 Union St 3/2.5 Washington St 4/2 Madaket Road 7/5 Union St 5/5.5 Lily St 4/3.5 Candle House Ln 4/6 Main St 4/3.5 Pleasant St 5/6 Pine St 6/7.5

Lot Size

0.10 0.07 0.06 0.05 0.13 0.08 0.09 0.30 0.05 0.14 0.15 0.13 0.17 0.12 0.06 0.18 0.14 0.08 0.06 0.27 0.14 0.50 0.06 0.14 0.12 0.09 0.06 0.00 0.09 0.19 0.00 0.12 0.09 0.13 0.14 0.12 0.05 0.00 0.15 0.12 0.00 0.18 0.18 0.12 0.00 0.12 0.08 0.12 0.16 0.12 0.12 0.11 0.16 0.12 0.15 0.11 0.00 0.07 0.18 0.67 0.11 0.14 0.14 0.18 0.16 0.23 0.15 0.18 0.13 0.07 0.11 0.12 0.29 1.30 0.12 0.12 0.14 0.10 0.23 0.13

Type

SF SF SF Com SF Condo SF SF SF SF SF SF SF SF SF SF MF SF SF SF SF SF SF Land SF SF SF Com SF SF Condo SF SF SF SF SF SF Condo SF SF Condo SF SF SF SF SF SF SF SF SF SF Com SF SF SF SF Com SF SF SF SF SF SF Condo SF SF SF MF MF SF SF SF SF SF SF SF SF SF SF SF

Listing Office

JLEE MAUR ISLP BWRE ISLP CVIL COFF MAUR AERE NREC GTPT MAUR CHAT GTPT KILL COFF WWRE COMP CONG CVIL COMP COFF GTPT MAUR MAUR CONG WWRE COFF COFF FRAZ COFF FRAZ CONG MAUR COFF CHAT CONG CSAA NREC WWRE MAUR FRAZ CONG CONG MAUR CONG COFF ISLP MAUR JORD CONG WWRE CVIL MAUR COFF CVIL FRAZ JLEE MAUR GTPT NREC JORD MAUR NREC GTPT MAUR MAUR WWRE MAUR BOYC AERE NREC FRAZ COFF MAUR MAUR MAUR NREC GTPT AERE

Price

Street

Bed/ Bath

Lot Size

$3,199,000 $3,250,000 $3,250,000 $3,250,000 $3,250,000 $3,250,000 $3,275,000 $3,350,000 $3,350,000 $3,375,000 $3,475,000 $3,495,000 $3,500,000 $3,500,000 $3,695,000 $3,750,000 $3,795,000 $3,850,000 $3,875,000 $3,895,000 $3,950,000 $3,975,000 $4,465,000 $4,495,000 $4,995,000 $4,995,000 $7,495,000

Woodbury Ln Straight Wharf Woodbury Ln North Water St North Water St Fair St Milk St Liberty St Main St Cliff Road India St Pine St Center St Center St Main St Main St West Chester St Orange St Orange St India St North Liberty St Fair St Orange St Main St Straight Wharf Fair St Main St

5/4.5 0.23 3/4 0.14 4/4.5 0.24 13/11 0.16 13/11 0.16 4/2.5 0.08 7/6.5 0.22 3/3.5 0.08 4/3 0.10 5/5.5 0.12 4/4.5 0.06 6/4.5 0.12 12/12.5 0.23 12/12.5 0.23 7/4.5 0.15 9/5.5 0.30 6/7 0.14 5/4.5 0.15 5/4.5 0.12 5/5 0.10 4/4.5 0.32 5/5.5 0.07 5/3.5 0.14 6/5.5 0.17 2/3.5 0.07 5/5 0.16 6/8 0.15

SF Condo SF Com SF SF SF SF SF SF SF SF SF Com SF SF SF SF SF SF SF SF SF SF Com SF SF

JORD MAUR MAUR GTPT GTPT CONG WWRE WWRE MAUR AERE MAUR MAUR ISLP ISLP JORD JLEE WWRE CSAA MAUR KILL KILL MAUR MAUR MAUR WWRE MAUR CONG

Tuckernuck Tuckernuck

0/0 4/2

5.00 5.00

Land SF

CVIL CVIL

Wauwinet Road Eat Fire Spring Crows Nest Way Wauwinet Road Wauwinet Road Wauwinet Road Wauwinet Road Wauwinet Road Wauwinet Road Wauwinet Road Medouie Creek Wauwinet Road

3/2 0/0 3/2 5/4.5 3/2 5/3 2/1 4/3.5 4/6.5 4/3 0/0 6/3.5

3.29 3.25 0.51 1.50 3.00 2.85 0.83 3.50 3.21 4.03 31.60 2.50

SF Land SF SF SF SF SF SF SF SF Land SF

COFF MAUR GTPT MAUR JLEE JORD JLEE COMP CONG JLEE WWRE MAUR

3/2 2/1 7/5 0/0 3/2 6/3 4/4 0/0 3/1.5 4/2 3/2 4/2 6/3 0/0 3/2.5 4/3.5 6/6.5 3/2.5 7/5 6/5 5/5.5 3/4.5

0.16 0.54 0.34 0.46 0.17 0.46 0.27 0.48 0.30 0.18 0.71 0.20 0.27 0.47 0.52 0.47 0.53 0.48 1.30 0.57 0.66 3.15

SF SF MF Land SF SF SF Land SF SF SF SF SF Land SF SF SF SF SF SF SF SF

COMP AERE COFF COMP FRAZ AERE CONG GTPT NREC COFF FRAZ CONG CONG GTPT CONG ISLP JLEE COFF GTPT GTPT GTPT WWRE

Type

Tuckernuck $395,000 $895,000

Wauwinet $1,895,000 $1,900,000 $1,950,000 $2,295,000 $2,300,000 $2,495,000 $2,595,000 $2,850,000 $2,995,000 $4,900,000 $12,000,000 $12,900,000

West of Town $585,000 $595,000 $650,000 $656,000 $659,000 $679,000 $725,000 $850,000 $865,000 $895,000 $895,000 $925,000 $989,000 $990,000 $995,000 $1,095,000 $1,175,000 $1,380,000 $2,850,000 $2,900,000 $2,975,000 $3,550,000

Surfside Road Friendship Ln Cow Pond Ln Dukes Road Surfside Road Equator Dr Tashama Ln Old Westmoor Meadow Ln Polliwog Pond Madaket Road Dukes Road Polliwog Pond Old Westmoor Pond Road Vesper Ln Pinkham Circle Mayhew Ln Madaket Road Meadow Ln Old Westmoor Millbrook Road

SF . . . . . . . . . . . .Single Family MF . . . . . . . . . . .Multi Family

Land . . . . . . . . . .Land Condo . . . . . . . .Condo

Com . . . . . . . . . .Commercial Co-op . . . . . . . . .Co-op

October 21, 2010

Listing Office

TOM NEVERS 23 Arlington Street Single Family List price: $899,000

Bedrooms: 4 Baths: 3 Lot size: 0.37 acres Listing office: Nantucket Real Estate

Two dwellings — a house and a cottage — located at the end of a quiet road have views over conservation land to the Atlantic Ocean. Surrounded by a first floor porch on two sides, the main house has three bedrooms and a den.The cottage has one bedroom, a chefs kitchen, a workshop, another deck facing East and a half basement. There is also a wonderful fenced in garden.

CLIFF 8 Mooers Avenue Single Family List price: $1,950,000

Bedrooms: 4 Baths: 3.5 Lot size: 0.12 acres Listing office: Jordan Real Estate

This four bedroom three and a half bath home is located on a quiet street in a highly desirable location.The historic charm of the original house blends with the later addition done in the 1980s. A private deck and side yard provide delightful outside space. Conveniently located to Town and Steps Beach.

5 Great Values TODAY!

MID ISLAND 8 Equator Drive Single Family List price: $695,000

TOWN 27 Liberty Street Single Family List price: $1,695,000

Bedrooms: 3 Baths: 3 Lot size: 0.46 acres Listing office: Coffin Real Estate

Three bedroom, two bath home with finished basement and a three bedroom, two bath cottage located in a great neighborhood close to schools and easy access to beaches. Situated on a half acre lot in a quiet part of Pine Knolls.

Bedrooms: 3 Baths: 3 Lot size: 0.05 acres Listing office: Congdon & Coleman Real Estate

A historic half-house built in 1745 with a private English garden. Completely renovated and upgraded in 2003 with a new kitchen with granite counters, Sub-Zero refrigerator,Viking stove, Miele dishwasher, light fixtures, storm windows and fireplace. All bathrooms completely renovated. Original wide-planked hardwood floors throughout. Ample closet and storage space. A charming and beautiful home. Exclusions include art work, entry mirror and the Indian rug in the master bedroom.

NASHAQUISSET 33 Washaman Avenue Single Family List price: $725,000

Bedrooms: 2 Baths: 3 Listing office: Atlantic East Real Estate

Pleasant Street style home in the award winning, turn key community of Nashaquisset.Two bedrooms, each with its own private bathroom, a separate den with a full bath and a professionally landscaped yard. Outstanding rental history plus prime location with pool, tennis, year round caretaking and maintenance all at your door step. Recent improvements include significant work to crawl space, foundation, framing and sills. New concrete floor in crawl space replaced original dirt floor to prevent moisture problem from re-occuring. Freshly painted inside and out, and refinishing of pine floors. An added bonus, this charming home is being offered fully furnished. October 21, 2010

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Nantucket Property News

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PROPERTIES Real Estate Transactions OCTOBER 4 - 15 30 Washing Pond Road

PEOPLE

Minutes with

Pam Sosebee

Compass Rose Real Estate

What do you do to unwind? All year long, I love to take brisk walks. Exercise is my relaxation. What is you favorite beach? I love to go to Coatue on the boat with family, and Miacomet Beach when I get to sneak away for a few hours!

Richard Glidden, Trustee of 30 Washing Pond Realty Trust of Nantucket purchased a dwelling at 30 Washing Pond Road from WP-NAN, LLC, c/o Jack Bauer, Manager of PBR Services, LLC of Saratoga, CA for $20,000,000.

19 Shimmo Pond Road

What was the first house you bought? My first, and last house, is the one I still live in on Catherine Lane.We love the neighborhood and being close to the farm, beach, and now the Brewery. What is your favorite benefit to living year round on Nantucket. I would have to say my favorite benefit was being able to raise two sons on Nantucket, and making so many great f riends in the 30 years I have lived here. Who would you choose to be shipwrecked with? I would prefer someone who would know how to survive and stay there forever! How would you spend your ideal day? Shopping with an unlimited budget!

The Folger Lane, LLC of Huston, TX purchased a dwelling at 19 Shimmo Pond Road from the Shimmo Pond Holdings, LLC of Chester, PA for $5,995,000.

What is your favorite walk? This time of year, I love to walk along Miacomet Pond.The colors are amazing. Are you reading anything interesting now? Hidden Power, by Kati Marton.

5 Cathcart Road Donald Bramley, Trustee of the 2 Fintry Lane Nominee Trust of Wellesley, MA purchased a dwelling at 2 Fintry Lane from Spencer Cowan, Jr. of Nantucket for $1,900,000. James and Julia Ogilvy of Fife, Scotland purchased a dwelling at 21 Burnell Street from Phillip Arensberg of Sconset for $1,550,000.

Katherine McNabb of Devon, PA purchased a dwelling at 5 Cathcart Road from Peter Wareing of Huston, TX for $3,300,000.

21 Brewster Road

John Rizzo and Barbara Matteucci of Ardmore, PA purchased a dwelling at 5 Pond Road from Charles and Barbara Huston of Chester Springs, PA for $1,437,500. Todd and Barbara McCalister of St. Petersburg, FL purchased a dwelling at 15 York Street from First Horizon Home Loans of Irving, TX for $1,400,000. Mark Roosevelt of Pittsburg, PA purchased a dwelling at 9 Beaver Street from Robert Gease, Trustee of Robert Gease Revocable Trust of Palm Beach, FL for $1,337,500. Pauline Warner of Venice, FL purchased a dwelling at 38 York Street from Paul and Marilyn deRuyter of Brewster, MA fro $1,200,000.

Henry Helgeson, Jr. of Boston, MA purchased a dwelling at 21 Brewster Road from Robert and Mary Nesbit, Trustees of Leo Weim Nominee Trust of Augusta, GA for $2,450,000. The 19 Orange Street Nominee Trust of Palo Alto, CA purchased a dwelling at 19 Orange Street from William and Martha Halsted of Greensboro, NC for $1,915,000.

Timothy Long and Elizabeth Clyne of Delmar, NY purchased a dwelling at 4 West Way from Jordi and Amy Cabre of Nantucket for $1,200,000.

William and Ashley Gebhardt of Surrey, United Kingdom purchased a dwelling at 15 Clifton Street from Frank Bender of Annapolis, MD for $950,000. Charles Sayle, Jr. and Charles Sayle, III of Nantucket purchased a business at 7 Nancy Ann Lane from Walter Glowacki of Nantucket for $800,000. Forty-Seven Fairgrounds Road, LLC of Waltham, MA purchased a dwelling at 47 Fairgrounds Road from the Nantucket Bank, a division of Sovereign Bank of Nantucket for $625,000. Sovereign Bank of Nantucket purchased a dwelling at 65 Fairgrounds Road, Unit 1 from Theodore and Maria Fales of Nantucket for $596,878. Nancy and Pascal Boulicault of London, United Kingdom purchased a dwelling at 12 Folger Avenue from Citibank of Marshfield, MA for $550,000. Kurt and Alexandra Rosenberg of Nantucket purchased a dwelling at 22 Bailey Road from James and Erica Ciarmataro of Nantucket for $385,000. Laurance Clark of Marblehead, MA purchased a condo at 40D Center Street from Bernard and Carol Coffin of Nantucket for $375,000.

Jane and Jeffery Standley, as trustees of the Jane Standley Living Trust of Powell, OH purchased a dwelling at 18 Goldfinch Drive from Donald and Barbara Battle of New Castle, NH for $1,075,000.

October 21, 2010

Compiled by Peter A. Sutters

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