Current Real Estate Roundup - October 10, 2024

This week’s Current Real Estate Roundup includes property transfers from October 3, 2024 to October 10, 2024. It is led by the sale of a Brewster Road property sold at a foreclosure auction late last month for over $12 million. The Current broke this story, which revolves around a fugitive investor from Aspen who was arrested on a Nevada warrant by island police. He is alleged to owe a Las Vegas casino $1.5 million and to have defaulted on over $75 million in bank loans. This real estate roundup also includes the sale of an Aurora Way property for over $5 million, a Pine Street property for $3.5 million, and a Goldfinch Drive property for just under $3 million.

3 Brewster Road for $12,525,000 from Bank of America, NA to CMRD LLC. The property is .92 acres, a dwelling, and a Land Bank fee of $250,500 was paid. The assessed value of the property is $12,741,200.

This Brewster Road property was owned by Dan Burrell, the Aspen fugitive investor who was arrested by Nantucket Police last month on a warrant out of Las Vegas. This home was sold at a foreclosure auction to retrieve some of the money Burrell defaulted on, which eclipses the $75 million mark owed to several banks. You can read our full story on Burrell by clicking here.

15 Aurora Way for $5,050,000 from Dean Lampe to DOGPACK LLC. The property is .30 acres, a dwelling, and a Land Bank fee of $101,000 was paid. The assessed value of the property is $2,797,500.

From our sponsor: “Newly completed and offered fully furnished in a peaceful and picturesque setting next to Land Bank property. Set at the end of this quiet cul de sac while only 2.5 miles to Cisco beach and 1.5 miles to Main Street Nantucket. 15 Aurora Way has a great contemporary layout with easy indoor and outdoor flow. Beautiful pool and a first floor primary suite."

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

11 Pine Street for $3,500,000 from ACK 11 Pine LLC to Rachel Lynn Kalin, Trustee of the 11 Pine Street Realty Trust. The property is .13 acres, a dwelling, and a Land Bank fee of $70,000 was paid. The assessed value of the property is $3,215,600.

From our sponsor: "Discover the ideal Nantucket retreat at 11 Pine Street, perfectly situated just steps from the picturesque cobblestones of Main Street. This charming home offers an airy, light-filled interior with bedrooms conveniently located on both the first and second floors. Enjoy outdoor relaxation on the beautifully landscaped patio. The garage provides ample space for beach and sports gear and offers the convenience of off-street parking for a compact vehicle. Embrace the ease of access to all of Town's attractions while enjoying the comfort and style of this delightful residence."

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

3 Goldfinch Drive for $2,825,000 from Ralph W. Kuncl and Nancy L. Kuncl to Gary T. Hiniker and Suzanne E. Hiniker, Trustees of the AYTCH-ACK Revocable Trust. The property is .165 acres, a dwelling, and a Land Bank fee of $56,500 was paid. The assessed value of the property is $1,591,000.

From our sponsor: “This impeccably maintained home boasts expansive living across four floors within the esteemed Naushop community. Situated on a larger lot with meticulous landscaping, this property stands out for its exceptional features. Recent upgrades by the current owners include a bespoke gourmet kitchen with top-tier appliances and handcrafted cabinets, a custom-designed private office for two, and a lower-level living area ideal for families and guests.

"Unique to Naushop, the gardens are beautifully landscaped with extensive lighting, complemented by a welcoming brick driveway for two cars and brick walkways leading to the front and side entries. The fenced rear lawn and garden feature a spacious brick terrace bordered by a stone sitting wall, complete with an outdoor shower. Tranquil fish ponds with waterfalls enhance the serene ambiance. Residents can enjoy community amenities such as a pool, tennis courts, pickleball, and playground, all within walking distance."

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

74 Madaket Road for $2,700,000 from Samuel C. Sichko, as Trustee of Frost Daisy Field Trust to Madaket Road LLC. The property is 2.35 acres, vacant land, and a Land Bank fee of $54,000 was paid. The assessed value of the property is $1,359,500.

12 New Street for $1,975,000 from Laura Iorio to Carson Properties LLC. The property is .18 acres, a dwelling, and a Land Bank fee of $39,500 was paid. The assessed value of the property is $1,525,600.

3R Atlantic Avenue for $1,300,000 from Moongate Cottage LLC to BW Investment LLC. The property is .05 acres, a dwelling, and a Land Bank fee of $26,000 was paid. The assessed value of the property is $791,400.

56 Arkansas Avenue for $640,000 from Estate of Abram I. Gordon to Ackansas LLC. The property is .12 acres, a dwelling, and a Land Bank fee of $12,800 was paid. The assessed value of the property is $653,300.

48 Meadow View Drive for $600,000 from Neil E. Marttila to Tyrus Raymond Cobb and Annmarie Cobb. The property is .46 acres, a dwelling, and a Land Bank fee of $12,000 was paid. The assessed value of the property is $1,858,000.