Current Real Estate Roundup - June 29, 2023

This week’s Current Real Estate Roundup includes property transfers from June 22, 2023 to June 29, 2023. It is led by the sale of a North Water Street property for over $5.5 million.

4 North Water Street for $5,650,000 from Obed Joy LLC, a Massachusetts LLC to FP 4 North Water LLC, a Massachusetts LLC, .18 acres, dwelling, and a land bank fee of $113,000 was paid. The assessed value of the property is $3,157,900.

From our sponsor, Great Point Properties:

"Rare opportunity to purchase an oversized commercially zoned property in the heart of Downtown Nantucket with established rental income. Just moments to Main Street, the property is currently configured as three separate offices and a one bedroom apartment, and has one of the largest backyards available in Town including parking spaces for up to eight cars. Surrounded by beautifully maintained and updated properties, 4 North Water Street is a historical Nantucket property with unique architecture built in 1846 for whaling captain Obed Joy."

"The house has been well maintained with continued investment to ensure its continued historic integrity with Obed Joy’s silver nameplate still on the front door today. The high ceilings and large windows including unique stained glass leaded windows flood the rooms with natural light. With land area of 7,710 square feet, it is sufficient in size to allow for a sub-division into two conforming lots plus allow for significant expansion to the existing structure.

For more photos and information on this North Water Street property, click here.

71R Fairgrounds Road for $2,500,000 from Fairgrounds Properties LLC to Jason Gall and Laura Gall, .26 acres, dwelling, and a land bank fee of $50,000 was paid. The assessed value of the property is $664,200.

9 Honeysuckle Drive for $306,500 from Nantucket Property Owner LLC to Petar A. Kanchev and Nadya V. Kancheva, .10 acres, dwelling, and a land bank fee was exempt. The assessed value of the property is $331,300.

38 Wauwinet Road for $120,000 from Yvonne W. Lamb to Deborah Nassif, .40 acres, vacant land, and a land bank fee of $2,400 was paid. The assessed value of the property is $46,000.