15 South Water Street, Nantucket, MA 02554

15 South Water Street Nantucket MA 02554
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Owner Information
Owner 1
Nir Retail III LLC
Owner 2
C/O New England Development-Accting Dept
Owner's Address
75 Park Plaza #3 Boston, MA 02116
Market Sale Information
Most recent sale date
9/21/2005
Previous sale date
06/01/1988
Transfer document #
C0021934-
Previous transfer document
C0013-0657
Grantor
Winthrop Nantucket 2 Realty
Previous grantor
Most recent sale price
$4,027,000.00
Previous sale price
$1,750,000.00
Site Information
Property ID
4231-12
Lot Size
0.15
Use Code
326 - Eating and Drinking Establishments
Zoning
CDT
Building Style
Restaurant
Number of Rooms
Stories
1.75
Number of Beds
0
Year Built
1934
Number of full baths
3
Condition
Number of half baths
Finished Area
3590
Number of Kitchen
Gross Living Area
3732
Number of Fireplaces
Bsmnt floot
Number of parking
Interior walls
Drywall/Sheet
Floor type
Vinyl/Asphalt
Solar Hot Water
No
Roof Structure
Gable/Hip
Heating type
Oil
Roof Cover
Asph/F Gls/Cmp
Heating fuel
Hot Water
Frame type
Wood Frame
Air Condition (%)
Sidings
Wood Shingle
Assessment Information
Fiscal Year
2024
Land Value
$4,283,600.00
Total value
$4,975,100.00
Building value
$691,500.00
Estimated tax
$26,368.00
Yard improvement value
$0.00
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Certified Mass Appraisal
Comparable Properties
  • Total Appraisal
  • Building Appraisal
  • Land Appraisal
  • Last Sale Price
  • Net Living Area
  • Number of Bedrooms
  • Lot Size
  • Year Built
Address 15 South Water Street Photo Plan Map Proximity Last Sold Price Net Living Area Stories Sale Price/sft $1,121.73 Style Restaurant Age 1934 Rooms Bedrooms 0 Full baths 3 Half baths Gross Living Area 3732 Heating Fuel Hot Water Detached Garage Lot Size 0.15 Roof Cover Asph/F Gls/Cmp AEM Value - Building $691,500.00 AEM Value - Land $4,283,600.00 AEM Value - Other $0.00 AEM Value - Total $4,975,100.00
# Address Last Sold Sale Price Dist(m) Style LA (sq ft) Lot(ac) BR F-HB
@ 15 South Water Street 9/21/2005 $4,027,000 0 Restaurant 3,590 0.15 0 3- -
  Criteria

Estimation of Market Value

No comparable properties were found using the default criteria. Please click on the columns in the Comparables table and expand the criteria until at least 3 comparable properties are identified

 

In estimating the current market value, RealtyInSite follows the sales comparison (market) approach which is an approach based on the principles of supply and demand (principle of change) and the principle of substitution. The principle of substitution assumes that a prudent person will pay no more for a property than it would cost to purchase a comparable substitute property.

 

Comparable sales data are applied to arrive at an estimate of value. By default, comparable properties are those properties located within 1 mile of the subject property that have sold within the last 6 months and have a similar size of living area. The table shown above lists the comparable properties that were considered. Note that which properties are considered comparables can be adjusted by varying the selection criteria or deleting non-representative properties.

Neighboring Properties
Mailing Labels
  • Total Appraisal
  • Building Appraisal
  • Land Appraisal
  • Last Sale Price
  • Net Living Area
  • Number of Bedrooms
  • Lot Size
  • Year Built
# Address Last Sold Sale Price Dist(m) Style LA (sq ft) Lot(ac) BR F-HB
@ 15 South Water Street 9/21/2005 $4,027,000 0 Restaurant 3,590 0.15 0 3- -
  Criteria
A 11 South Water Street 6/22/2005 $55,000,000 0.0 Store 3,329 0.1 0 2-
B 17 South Water Street 10/3/2007 $9,800,000 0.0 Theaters Encl. 16,184 0.31 3-
C 10 Easy Street 12/4/2023 $3,800,000 0.0 Colonial 2,384 0.11 2 3-
D 12 Oak Street 5/31/2019 $6,500,000 0.0 Aptovrret/Off 7,123 0.19 2 2-1
E 6 Easy Street 3/10/2014 $22,700 0.0 Vacant Land 0.01 -
F 19 South Water Street 11/15/2006 $0 0.0 Store 4,200 0.1 0 2-
G 7 Easy Street 10/10/2012 $0 0.0 Aptovrret/Off 1,539 0.09 2 2-
H 26 Easy Street 12/28/2021 $1,995,000 0.0 Aptovrret/Off 1,362 0.06 0 0-
I 4 Old North Wharf 12/24/2002 $0 0.0 Warehouse 1,078 0.02 1-
J 8 Oak Street 7/9/1991 $331,000 0.0 Aptovrret/Off 1,922 0.05 0 2-
K 4 Easy Street 5/8/2024 $2,600,000 0.0 Store 1,764 0.06 0 2-
L 21 South Water Street 12/23/2020 $2,575,000 0.0 Store 2,401 0.04 0 3-
M 5-A South Water Street 10/22/1997 $0 0.0 Retail Condo 687 0 0 0-
N 1 India Street $0 0.0 Library 3,602 0.29 0 0-
O 28 Easy Street 10/27/2011 $1,227,840 0.0 Aptovrret/Off 3,958 0.1 3 6-
P 4 South Beach Street Extension 12/30/1993 $0 0.0 Warehouse 792 0.02 0 0-
Q 6 Old North Wharf 7/8/2016 $3,995,000 0.0 Wharf Cottage 1,200 0.02 3 2-1
R 4 South Water Street 9/21/2005 $15,473,000 0.0 Store 1,704 0.03 0 2-
S 21 Easy Street 7/17/2017 $4,500,000 0.0 Ranch 945 0.07 1 2-
T 6 Oak Street 6/15/2022 $0 0.0 Restaurant 616 0.03 0 2-
U 1-R Old North Wharf 1/26/2017 $1,550,000 0.0 Conventional 1,076 0.04 1 1-1
V 8 Broad Street-Lot 72 12/31/1993 $0 0.0 Vacant Land 0.02 -
W 4-E Chestnut Street 6/12/2012 $0 0.0 Aptovrret/Off 2,475 0.05 6 3-
X 6 Broad Street 10/27/2011 $2,671,920 0.0 Store 5,724 0.15 0 2-
Y 3 North Union Street 6/22/2005 $55,000,000 0.1 Retail Condo 1,720 0 2-
Z 4 Broad Street 2/11/2022 $0 0.1 Store 3,777 0.08 0 2-
- 23 South Water Street $0 0.1 Store 8,083 0.15 0 3-
- 10 Old North Wharf 6/23/2015 $0 0.1 Wharf Cottage 1,316 0.02 4 2-
- 8 Broad Street 12/30/1993 $0 0.1 Aptovrret/Off 1,596 0.02 1 1-1
- 10 Broad Street 2/11/2022 $0 0.1 Store 3,087 0.05 0 1-
- 2-E Chestnut Street 9/21/2005 $15,473,000 0.1 Restaurant 662 0.03 0 2-
- 7 Old North Wharf 5/6/2008 $2,750,000 0.1 Wharf Cottage 2,206 0.08 4 3-
- 2 Broad Street 10/30/2019 $3,800,000 0.1 Restaurant 3,905 0.13 0 2-
- 1 Main Street 6/22/2005 $55,000,000 0.1 Restaurant 4,360 0.07 0 4-
- 15 Main Street $0 0.1 Profess. Bldg 3,528 0.04 0 2-
- 21 Federal Street 9/21/2005 $15,473,000 0.1 Restaurant 4,520 0.07 0 3-
- 3 India Street $0 0.1 Library 7,946 0.12 0 2-
- 7 Federal Street $0 0.1 Post Office 4,544 0.12 0 2-
- 27 Easy Street 11/16/2015 $5,600,000 0.1 Vacant Land 0.18 -
- 21 Main Street 6/22/2005 $55,000,000 0.1 Retail Condo 1,413 0 0 2-
- 12 Old North Wharf 2/21/1997 $0 0.1 Wharf Cottage 486 0.05 1 1-
- 20 South Water Street $0 0.1 Police Station 5,153 0.3 0 2-
- 2 Straight Wharf 12/17/2021 $0 0.1 Aptovrret/Off 7,800 0.14 3 3-
- 23 Federal Street 7/2/2018 $3,200,000 0.1 Office Bldg 2,514 0.03 0 2-
- 29 Easy Street 9/30/1993 $0 0.1 Colonial 1,356 0.05 4 2-1
- 15 Old North Wharf 5/1/1982 $0 0.1 Wharf Cottage 880 0.02 3 1-1
- 3 Federal Street $0 0.1 Churches 4,615 0.13 0 2-
- 23 Main Street 10/27/2016 $0 0.1 Store 1,536 0.04 0 1-
- 17 Old North Wharf 8/13/2021 $0 0.1 Wharf Cottage 1,500 0.01 1 2-
- 6 Straight Wharf $0 0.1 Retail Condo 884 0 0 2-
- 6-A Straight Wharf 6/7/2016 $0 0.1 Condominium 484 0 1 1-
- 8 Straight Wharf 1/23/2008 $0 0.1 Retail Condo 1,221 0 0 2-
- 16 Broad Street $0 0.1 City/Town Hall 13,364 0.26 0 4-
- 14 Old North Wharf 6/12/1998 $0 0.1 Wharf Cottage 343 0.04 1 1-
- 10 Still Dock 2/4/2020 $2,225,000 0.1 Wharf Cottage 1,425 0.04 2 2-1
- 31 Easy Street 4/15/2011 $0 0.1 Restaurant 2,806 0.08 0 3-
- 27 Steamboat Wharf 10/1/1956 $0 0.1 Outbuildings 0.31 -
- 21 Old North Wharf 1/16/2018 $3,250,000 0.1 Wharf Cottage 1,202 0.03 2 2-
- 10 Straight Wharf 4/29/2016 $1,850,000 0.1 Store 2,064 0.05 0 1-
- 3 Steamboat Wharf 3/29/1985 $1,277,720 0.1 Outbuildings 0.1 -
- 31 Main Street 2/14/2007 $0 0.1 Store 7,138 0.08 0 2-
- 16 Old North Wharf 7/14/2000 $1,600,000 0.1 Wharf Cottage 393 0.02 1 1-
- 0 Main Street 6/22/2005 $55,000,000 0.1 Aptovrret/Off 7,519 0.11 -
- 14 Still Dock 9/4/2020 $1,225,000 0.1 Condominium 745 0 2 1-
- 12 Straight Wharf 8/27/1984 $0 0.1 Store 3,528 0.07 0 2-
- 16 Federal Street 2/26/2021 $2,597,000 0.1 Conventional 1,547 0.06 3 2-1
- 16 Main Street 3/21/2016 $0 0.1 Store 4,488 0.05 0 2-
- 18 Old North Wharf 11/16/2018 $5,800,000 0.1 Wharf Cottage 889 0.04 2 2-
- 12 Federal Street 10/15/2021 $7,200,000 0.1 Restaurant 5,771 0.12 0 3-
- 18 Federal Street 9/21/2005 $15,473,000 0.1 Aptovrret/Off 3,084 0.05 3 3-
- 14 Federal Street 9/21/2005 $15,473,000 0.1 Store 2,841 0.07 0 2-
- 10 Federal Street 6/22/2005 $55,000,000 0.1 Aptovrret/Off 1,990 0.07 0 2-
- 15 Candle Street 6/22/2005 $55,000,000 0.1 Vacant Land 0.22 -
- 15 Broad Street $0 0.1 Museum 29,905 0.61 0 2-
- 16 Straight Wharf 6/22/2005 $55,000,000 0.1 Store 2,428 0.07 0 2-
- 20 Old North Wharf 3/26/1998 $200,000 0.1 Clubs/Lodges 400 0.02 1-
- 30 Main Street $0 0.1 Fraternal Lodge 7,533 0.09 0 2-
- 0 Straight Wharf 12/8/2020 $151,000 0.1 Vacant Land 0.09 -
- 5 India Street 10/2/2014 $0 0.1 Store 1,933 0.06 0 2-
- 8 Federal Street 7/1/1985 $0 0.1 Office Bldg 1,666 0.07 0 2-
- 2 Washington Street 6/22/2005 $55,000,000 0.1 Aptovrret/Off 4,940 0.1 4 4-
- 20 Federal Street 12/15/2006 $3,390,000 0.1 Aptovrret/Off 3,256 0.09 1 2-
- 4 Federal Street 6/22/2005 $55,000,000 0.1 Aptovrret/Off 1,197 0.03 0 2-
- 33 Main Street 10/26/2012 $4,500,000 0.1 Store 3,150 0.03 1 2-
- 2 India Street $0 0.1 Aptovrret/Off 2,663 0.06 2 3-
- 22 Old North Wharf 1/30/2014 $0 0.1 Cooperative 690 0.02 1 1-1
- 2 Union Street 10/29/2019 $2,850,000 0.1 Store 2,788 0.04 0 2-
- 20 Straight Wharf 6/5/2012 $3,420,000 0.1 Restaurant 7,134 0.07 2 3-
- 2 Chestnut Street 4/16/2021 $4,100,000 0.1 B+B/Inn 5,752 0.08 8 8-
- 35 Main Street 12/20/2012 $3,600,000 0.1 Aptovrret/Off 2,750 0.04 2 2-
- 32 Main Street 9/21/2005 $15,473,000 0.1 Aptovrret/Off 5,498 0.07 3 6-
- 7 India Street 2/8/2008 $0 0.1 Aptovrret/Off 1,675 0.06 4 3-
- 2 South Beach Street 6/28/2019 $4,150,000 0.1 Store 5,771 0.13 2 3-
- 1 South Beach Street-Lot 12 $0 0.1 Clubs/Lodges 18,458 1.5 0 8-
- 4 India Street 12/30/2008 $0 0.1 Store 4,575 0.05 3 2-
- 22 Federal Street 2/18/2014 $2,250,000 0.1 Restaurant 3,073 0.08 0 2-
- 37 Main Street 4/30/1998 $2,000,000 0.1 Office Bldg 2,384 0.03 0 2-
- 17 Broad Street 6/27/2014 $2,925,000 0.1 Hotel 7,845 0.12 16 20-
- 41 Main Street 12/28/2006 $0 0.1 Restaurant 3,450 0.04 0 3-
- 1 Chestnut Street 10/2/1998 $1,100,000 0.1 Store 3,031 0.13 0 2-
- 2 New Whale Street 12/8/2020 $8,159,800 0.1 Vacant Land 0.51 -
- 9 India Street 8/16/2019 $3,700,000 0.1 Restaurant 3,067 0.07 5 3-
- 23 Old North Wharf 4/10/2002 $0 0.1 Commercial 328 0.01 0 0-
- 34 Main Street 6/22/2005 $55,000,000 0.1 Store 8,033 0.1 0 2-
- 1 Salem Street 10/7/2008 $1,750,000 0.1 Aptovrret/Off 1,371 0.05 1 1-1
- 3 Salem Street 12/8/2020 $1,986,500 0.1 Store 2,178 0.05 0 2-
- 47-R Main Street 11/13/2015 $3,700,000 0.1 Vacant Land 0.07 -
- 45 Main Street 6/1/1984 $400,000 0.1 Store 2,770 0.04 0 2-
- 3 Union Street $0 0.1 Telephone Bldg 5,265 0.37 0 2-
- 18 Broad Street 1/6/2000 $0 0.1 Store 1,993 0.06 0 2-
- 7 Salem Street 12/8/2020 $8,159,800 0.1 Store 4,103 0.13 2 1-1
- 1 Steamboat Wharf-Lot 101 $0 0.1 Outbuildings 0.44 -
- 24 Old North Wharf 9/20/2021 $6,666,667 0.1 Wharf Cottage 964 0.03 3 2-1
- 47 Main Street 10/10/2007 $4,500,000 0.1 Store 3,570 0.03 0 2-
- 25 Center Street 6/22/2005 $55,000,000 0.1 Store 2,779 0.11 0 2-
- 9 Salem Street-Lot 229 12/8/2020 $8,159,800 0.1 Vacant Land 0.06 -
- 4 North Water Street 6/22/2023 $5,650,000 0.1 Aptovrret/Off 2,410 0.18 1 2-
- 19 Broad Street 5/16/2022 $5,395,540 0.1 Antique 2,416 0.08 4 3-
- 7 Center Street 9/18/2008 $0 0.1 Retail Condo 920 0 0 2-
- 25 Old North Wharf 10/31/2017 $5,450,000 0.1 Wharf Cottage 1,200 0.04 2 1-1
- 20 Broad Street 12/11/1997 $740,000 0.1 Restaurant 2,292 0.06 0 3-
- 38 Main Street 6/22/2005 $55,000,000 0.1 Store 7,112 0.14 1 3-
- 51 Main Street 11/13/2015 $3,700,000 0.1 Store 2,852 0.03 0 2-
- 3 Chestnut Street 4/10/1987 $0 0.1 B+B/Inn 3,594 0.11 5 9-
- 3 Whalers Lane $0 0.1 Antique 2,649 0.13 10 4-
- 8 Washington Street 12/30/1988 $0 0.1 Aptovrret/Off 4,340 0.13 2 3-
- 46 Main Street 5/14/1998 $0 0.1 Store 555 0.02 0 2-
- 53 Main Street 2/4/2021 $4,000,000 0.1 Office Bldg 4,017 0.04 0 2-
- 5 North Water Street 3/18/2015 $0 0.1 Theaters Encl. 6,196 0.17 0 5-
- 48 Main Street 3/1/1999 $0 0.1 Store 2,320 0.03 0 2-
- 5 Center Street 6/22/2005 $55,000,000 0.1 Commercial 570 0.01 0 0-
- 6 Union Street 3/10/1999 $1,650,000 0.1 Aptovrret/Off 6,608 0.18 5 9-
- 31 Center Street 4/16/2021 $38,500,000 0.1 B+B/Inn 4,968 0.13 5 15-
- 22 Broad Street 12/22/1992 $472,000 0.1 Aptovrret/Off 2,806 0.06 5 3-
- 50 Main Street 2/4/1999 $2,250,000 0.1 Store 2,360 0.03 0 2-
- 57 Main Street $125,000 0.1 Office Bldg 3,250 0.04 0 1-
- 21 Broad Street 6/27/2013 $3,050,000 0.1 B+B/Inn 13,685 0.18 5 7-
- 1 New Whale Street 6/22/2005 $55,000,000 0.1 Vacant Land 0.07 -
- 54 Main Street 1/4/2008 $3,200,000 0.1 Store 1,680 0.03 0 3-
Averages 5658 days $8,329,369 0.08 --- 3,291 0.1 --- ---  
DISCLAIMER: The information in this report was collected from the concerned Assessors Office and Registry of Deeds.  Compu-Links disclaims any and all representations or warranties as to the accuracy of this information
4231 12 15 South Water Street