NAREB News October 21,2010

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

L I N KNantucket

Top New Listings October 6 ~ 19

PROPERTY NEWSNANTUCKET

$3,350,000TownLiberty Street3/3.5WindwalkerReal Estate

JORDI CABRE PHOTO

MyProperty

$2,675,000TownWest Chester Street5/3Maury People/Sotheby’s

$2,300,000WauwinetWauwinet Road3/2.5Congdon & ColemenRE/Lee Real Estate

$1,995,000MadaketStarbuck Road4/3J Pepper Frazier Co.

$1,695,000Mid IslandSheep Commons Lane3/3Congdon & ColemanReal Estate

$1,295,000TownMain Street3/2Nantucket Real Estate

$1,295,000TownUnion Street3/2.5Atlantic East Real Estate

Vol. 2 No. 12 � A publication of the Nantucket Association of Real Estate Brokers � October 21, 2010

First in a Series

By Mary LancasterProperty News Writer

Long gone are the days when mortgage loans were practical-

ly 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 documen-

tation or if their credit score is less than impeccable.

“We encountered people this year with good credit and sig-

nificant assets having trouble getting financing,” said Atlantic

East co-owner and realtor Penny Dey. “Since the credit crisis

ENERGY

O N N A N T U C K E T

ALTERNATIVES

More than just abstractideas, there is a growing

sense of enthusiasm for thepractical uses of wind andsolar power on Nantucket.

Peter Brace’s first in a five-part series begins 3

New regulations “punish” borrowers, and have created a cumbersome and restrictive mortgage application process

Lenders no longer banking on faith

Continued on page 12

2 • Nantucket Property News • October 21, 2010

L I N KNantucket

AreaBed/ Lot Listing

Price Street Bath Size Type Office

Continued on page 8

A Nickle’s Worth of Free Relationship Advice

I’ve been thinking a lot recently about relationships, and what seems to be the “stan-

dard” 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 beau-

tiful. 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 home-

buying 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 fender-

bender” 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 rela-

tionship – 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 beenwriting 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.”

GET REALwith AAnnddrreeww SSppeenncceerr

Brant Point

$559,000 Cornish St 1/1 0.03 SF ISLP$800,000 Easton St 2/1 0.12 SF KILL$925,000 Willard St 2/1 0.08 Condo FRAZ$925,000 Willard St 2/1 0.00 Condo JORD$925,000 Willard St 2/1 0.00 Condo COFF$950,000 Easton St 2/1 0.18 SF KILL$1,350,000 Cornish St 3/2 0.10 SF KILL$1,395,000 East Lincoln Ave 3/2 0.12 SF KILL$1,495,000 Stone Barn Way 2/2.5 0.00 Condo WWRE$1,495,000 Walsh St 0/0 0.14 Land AERE$1,550,000 Dolphin Court 0/0 0.14 Land FRAZ$1,675,000 Sylvia Ln 3/2 0.23 SF FRAZ$2,050,000 Walsh St 3/3.5 0.12 SF GTPT$2,195,000 North Ave 8/3.5 0.94 SF KILL$2,195,000 Cornish St 5/3.5 0.12 SF JLEE$2,295,000 North Beach St 4/4.5 0.21 SF CSAA$2,365,000 Stone Barn Way 2/2.5 0.14 SF CSAA$2,400,000 North Beach St 4/2 0.18 SF MAUR$2,650,000 Walsh St 4/4.5 0.11 SF KILL$2,695,000 East Lincoln Ave 4/3 0.10 SF WWRE$2,750,000 Dolphin Court 4/4.5 0.15 SF FRAZ$2,995,000 Dolphin Court 5/5.5 0.13 SF FRAZ$3,100,000 East Lincoln Ave 3/2.5 0.12 SF FRAZ$3,295,000 Walsh St 4/3.5 0.12 SF GTPT$3,295,000 Walsh St 4/3.5 0.12 SF ISLP$3,699,000 Brant Point Road 4/3.5 0.65 SF WWRE$3,975,000 Easton St 4/3.5 0.13 SF MAUR$4,150,000 Walsh St 7/4.5 0.24 SF ISLP$4,995,000 Brant Point Road 5/4.5 0.63 SF MAUR

Cisco

$519,000 Somerset Road 0/0 0.25 Land MAUR$1,300,000 Hummock Pond 0/0 1.88 Land FRAZ$1,595,000 Austin Farm Dr 6/4 0.93 SF MAUR$1,625,000 Aurora Way 4/3.5 0.00 SF FRAZ$1,795,000 Nanahumacke Ln 4/3.5 0.29 SF JORD$1,850,000 New Hummock 4/3.5 0.92 SF JORD$1,995,000 Moby Way 4/2 0.50 SF CSAA$2,095,000 Nanahumacke Ln 4/3.5 0.29 SF JORD$2,495,000 Osprey Way 4/2 0.93 SF MAUR$2,795,000 Westerwyck Way 5/3 0.46 SF JORD$2,995,000 Austine Locke 4/3.5 0.67 SF CONG$3,475,000 Osprey Way 3/3.5 0.42 SF MAUR$3,699,000 Caroline Way 4/3.5 0.55 SF MAUR$3,995,000 Falmouth Ave 5/4.5 0.24 SF MAUR$4,850,000 Marion Ave 3/3.5 1.62 SF MAUR

Cliff

$759,900 Cliff Road 2/2 0.00 Condo JORD$759,900 Cliff Road 2/2 0.00 Condo CSAA$910,000 Delny Road 0/0 0.14 Land MAUR$975,000 Delny Road 3/3 0.22 SF ISLP$1,150,000 Pilgrim Road 0/0 0.49 Land JORD$1,495,000 Derrymore Road 5/3 0.20 SF CVIL$1,595,000 Pilgrim Road 0/0 0.61 Land JORD$1,595,000 Derrymore Road 3/3 0.15 SF COFF$1,650,000 Cliff Road 0/0 1.84 Land ISLP$1,795,000 Cliff Road 3/2.5 0.47 SF KILL$1,950,000 Mooers Ave 4/3.5 0.12 SF JORD$1,990,000 Old Westmoor 0/0 1.64 Land GTPT$1,999,000 Pilgrim Road 4/4 0.50 SF COFF$2,095,000 Mayhew Ln 4/5 0.15 SF GTPT$2,250,000 Cliff Road 7/4 0.67 SF FRAZ$2,350,000 Hamblin Road 5/3.5 0.27 SF CONG$2,475,000 Cliff Road 4/3 0.46 SF MAUR$2,495,000 Sherburne Tnpk 4/3.5 0.13 SF COFF$2,495,000 Sherburne Tnpk 4/3.5 0.13 SF NREC$2,849,000 Capaum Pond Rod3/2 0.19 SF WWRE$3,295,000 Cliff Road 3/4.5 0.92 SF FRAZ$3,395,000 Cliff Road 5/4.5 0.29 SF MAUR$3,800,000 North Star Ln 5/4.5 0.25 SF MAUR$3,995,000 West Chester St 4/4.5 0.72 SF WWRE$4,350,000 Deacons Way 5/5 2.00 SF MAUR$5,275,000 Cliff Road 5/4.5 0.14 SF MAUR$5,900,000 Cliff Road 4/5.5 0.18 SF JORD$5,900,000 Cliff Road 4/5.5 0.18 SF KILL$6,750,000 Lincoln Circle 7/3 0.38 SF GTPT$6,900,000 Hallowell Ln 4/3.5 0.58 SF WWRE$6,995,000 Capaum Pond Rd 5/7 1.15 SF WWRE$7,900,000 Cliff Road 5/6 2.51 SF GTPT$8,950,000 Kimball Ave 5/3 2.13 SF ISLP$12,900,000 Lincoln Ave 5/4.5 0.53 SF GTPT$15,500,000 Chase Links 0/0 9.12 Land WWRE$17,500,000 Kimball Ave 7/7.5 2.26 SF GTPT$23,700,000 Sherburne Way 5/4.5 1.66 SF MAUR$23,750,000 Lincoln Ave 7/10.5 0.79 SF MAUR

Atlantic East Real Estate508-228-77075 N. Water StreetNantucket, MA [email protected] www.atlanticeastre.com

Bamber Real Estate508-228-1416159 Orange StreetNantucket, MA [email protected]

Bennett Witte Real Estate508-269-3309PO Box 1176Nantucket, MA [email protected]

Blue Water Real Estate617-899-140121 Broad StreetNantucket, MA [email protected]

Boyce Realty508-257-6962PO Box 453Siasconset, MA [email protected]

Chatfield-Taylor Real Estate508-228-582891 Washington Street Ext.PO Box 1881Nantucket, MA [email protected]

Coffin Real Estate508-228-113840 Centre StreetNantucket, MA [email protected]

Compass Rose Real Estate508-325-5500137A Orange Street PO Box 935Nantucket, MA 02554compass@compassroserealestate.comwww.compassroserealestate.com

Congdon & Coleman Real Estate508-325-500057 Main Street PO Box 1199Nantucket, MA [email protected]

Cooper Shepherd Associates508-228-5668Zero Main Street Nantucket, MA [email protected]

Country Village Real Estate508-228-884012 Straight WharfNantucket, MA [email protected]

David Webster & Associates508-228-506644 Madaket RoadPO Box 1109 Nantucket, MA [email protected]

Denby Real Estate508-228-2522The Gallery @ 5 N. Water StreetNantucket, MA [email protected]

Edith Delker Real Estate508-257-969827 Stone Post Way PO Box 790Siasconset, MA [email protected]

Figurehead Realty508-228-449526 Milk Street Nantucket, MA [email protected]

Great Point Properties508-228-08901 North Beach Street Nantucket, MA [email protected]

Island Properties508-228-699935A Old South RoadNantucket, MA [email protected]

Islandwide Realty508-228-6396PO Box 987Nantucket, MA [email protected]

J Pepper Frazier Co.508-228-320219 Centre Street Nantucket, MA [email protected]

Jordan Real Estate508-228-44498 Federal StreetNantucket, MA [email protected]

Killen Real Estate508-228-097610 Easy StreetPO Box 1166Nantucket, MA 02554www.killenrealestate.com

LandVest508-325-509028 Centre StreetNantucket, MA [email protected]

Lee Real Estate508-325-580058 Main Street Nantucket, MA [email protected]

Maury PeopleSotheby’s International Realty

508-228-188137 Main Street Nantucket, MA [email protected]

Nantucket Real Estate508-228-253015 North Beach StreetNantucket, MA [email protected]

Osprey Real Estate508-228-7890 PO Box 955Nantucket, MA [email protected]

Preferred Properties508-228-2320 76 Easton StreetNantucket, MA 02554brokers@preferredpropertiesre.comwww.preferredpropertiesre.com

Pro Buyer Associates508-228-750077 Sparks AvenueNantucket, MA [email protected]

‘Sconset Real Estate508-257-6355Post Office SquarePO Box 122Siasconset, MA 02564www.coffinrealestate.com

Tea Rose Realty508-228-771922 Golfview DrivePO Box 19Nantucket, MA 02554www.tearosenantucket.com

Vaughan Machado Real Estate508-228-50625 Sesapana RoadPO Box 1095Nantucket, MA [email protected]

Welch & Associates Inc. RG508-228-77777 Nashaquisset LaneNantucket, MA [email protected]

Westbrook Real Estate508-257-6206PO Box 262Siasconset, MA [email protected]

Windwalker Real Estate508-228-911712 Oak StreetNantucket, MA [email protected]

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.

NAREB DIRECTORY

NANTUCKETPROPERTY NEWS

EditorDon Costanzo

ContributorsPeter B. Brace

Jordi CabreMary LancasterAndrew SpencerPeter A. Sutters

DistributionKen Turgeon

A Publication of the NantucketAssociation of Real Estate Brokers

PresidentBill Liddle

Past PresidentPenny Dey

TreasurerBernie Coffin

Vice PresidentKen Beaugrand

SecretaryDalton Frazier

Members at LargeKenneth Lindsay & David Boyce

Nantucket Property News is published every other week by the NantucketAssociation 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.

For advertising and editorial inquiries, contact:Editor Don Costanzo at [email protected]

www.nareb-online.com

October 21 2010 • Nantucket Property News • 3

CO

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FEATURES

ADVERTISER INDEX4 Atlantic East Real Estate

6 Nantucket Real Estate

7 Craig Hawkins

8 Coffin Real Estate

9 Compass Rose Real Estate

10 Great Point Properties

14 Islandwide Realty

15 J Pepper Frazier Co.

17 Boyce Realty

24 Maury People/Sotheby’s

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

18 Mortgage Rates & Trends

19 DataLink: Real estate activity

21 5 Great Values

23 Real Estate Transactions

23 5 Minutes With Pam Sosebee

www.AtlanticEastRE.comVisit our Web site to view all the island listings and our extensive rental portfolio


Cozy Sconset Cape…close to the village on a peaceful side street.4 bedrooms, 2 baths & a spacious yard. IncludesHDC approved plans for expansion & rentalhistory.

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

Pristine in NashaquissetLocated in the award winning, turn key community ofNashaquisset is this two bedroom, three bathroomhome with a separate den and a professionally land-scaped yard.Outstanding rental history plus prime loca-tion with pool, tennis,year round caretaking and main-tenance all at your door step. Offered fully furnished.$725,000Listing Broker: Melinda Vallett

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

Everything You Ask For

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


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

3 Bedrooms & 2 Baths $369,000!Spacious & bright 16’ wide townhouse withopen kitchen, living & dining area, 2 decks, newseptic, new Anderson windows, vanities & fresh-ly painted. One of the nicest abodes in this pricerange.


Comfy and SnugCozy home on half acre in residential neighbor-hood close to town. Ample room for expansionor second dwelling.

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

Beautifully Renovated AntiqueThis exquisite historic home was originally builtin 1767 by Joseph Swain. Meticulously restoredwindows, mantles and antique pine floors are justsome of the features. One not to be missed!Listing Agent is related to seller.

$3,375,000Listing Agent: Peter DuPont

Impeccable Sconset Property...This carefully maintained ’Sconset property is close tothe Village and ideal for year ‘round or summer living.Sit in the sunroom and enjoy the private, landscapedyard. Renovations in 2002 include a master bedroomsuite accessed by a private staircase.

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

High Quality in Tom NeversThis 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 tileand granite throughout, large laundry/mudroom,cathedral living room with fieldstone fireplace.

$949,000Listing Broker: Melinda Vallett

www.AtlanticEastRE.comVisit our Web site to view all the island listings and our extensive rental portfolio

Points of ViewBright and spacious upsidedown home offersgracious summer living with views of Long Pondand Madaket Harbor. Two living areas, four bed-rooms, three full baths and large south facingdeck complete this well-maintained home.Move right in! $1,389,000Listing Broker: Penny Dey, GRI, ABRM

House and CottageOn a half acre lot, this main house and cottage offera variety of possibilities. Conveniently situatedbetween town and the south shore beaches withaccess to shuttle and bike path. Property is lushlylandscaped and private, yet in a neighborhood notfar from town.

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

October 21, 2010 • Nantucket Property News • 5

Penny Dey, GRI,ABRM � Heidi Drew,ABR, RSPSPeter DuPont � Mary Malavase,ABR, RSPS,TRC � Erikka Perkins

Lisa Sherburne,ABR, RSPS � Anne Remian � Melinda Vallett

Quidnet Near the SeaComplete the courtyard and create your ownsecret garden by the sea. Then, turn things upsidedown and climb to the glorious views of theocean, pond and Sankaty Light. Stunning viewsare protected. Truly a one of a kind property.

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

Secluded Surfside Setting …On nearly two acres. Just minutes to the beach andthree miles to town. This stately four bedroomColonial style home offers three and a half baths, firand tile floors,a fireplace,a soaring ceiling and expans-es of glass overlooking the private back yard and deck.Wonderful southern exposure and room to expand.

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

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

Brant Point Vacant LandJust 550 feet to the beach or a block to JettiesBeach. Potential 2nd floor views of the Harbor.6216 sf with town water and sewer available.

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

Sunny and SpaciousBuilt in 2006, this in-town home offers five bed-rooms, the latest amenities and a lovely land-scaped yard. Listing agent is owner of property.

$2,795,000Listing Agent: Peter DuPont

Blocks to Main Street

Pristine three bedroom Greek Revival in townwith updated kitchen and baths. Enclosed yardand free-standing garage with previouslyapproved plans for second dwelling.

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

Polpis Harbor ViewsFour acres of tranquility on the way to Wauwinet.This post and beam treasure boasts three full levels ofgracious living and offers intimacy and warmththroughout.The 19th century, reclaimed barn tim-bers and hand crafted details welcome you at everyturn. Expansive room for entertaining.$2,990,000 Listing Broker: Melinda Vallett

WEST OF TOWN

3 bedroom, 1.5 baths, attachedgarage. Very comfortable home in quiet area. Upward expansionpossible.

$865,000

LAND

NEAR SCONSET VILLAGE

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

$1,395,000

EEL POINT ESTATE LAND

Wonderful 13.4 acre parcelwith1/2 mile of road frontage with potential for subdivision

$9,995,000

ON FAIR STREET

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

$2,595,000

COMFORTABLE & STYLISH

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

$989,000

WHALING ERA HOME

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

$2,850,000

SCONSET

3 bedrooms, 1.5 baths in a quietneighborhood. Easy access tothe village, transportation and thebeach. Potential for 2nd dwelling.

$1,150,000

73 MAIN STREET

This beautiful home offers livingspace on three floors. With 4bedrooms, three full baths, lushlandscaping and sunny, privatepatio, this home offers modern living with elegance and grace.

$2,995,000

DESTINATION – HOME

3 bedrooms, 2 baths with room for expansion.

$725,000

SHIMMO POND

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

$2,195,000

CROW’S NEST COTTAGE

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

$1,295,000

IN TOWN HOME

4 bedrooms, 4 baths. New homeon shady side street, elegantdesigner finishes throughout.

$2,500,000

Sconset .26 acres $589,900 • Mid-Island 0.46 acres $495,000 • Miacomet 0.89 acres $1,350,000

MODERN IN NOBADEER

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

$825,000

NANTUCKET REAL ESTATETO VIEW ALL OF OUR FINE PROPERTIES, VISIT OUR WEBSITE AT:

WWW.NANTUCKETREALESTATE.COMOR EMAIL US AT:

[email protected]

Ken Beaugrand, Owner/BrokerCurtis Barnes, Chele Bayard,Yvonne Breslin, Marylyn Burns, Marion Roland Conley, Rob FrameKaren Gibbs, Ginger Ivey, Pat Larrabee, Chris Magee, Gail Osona,Nash Strudwick, Christine Whelden, Soo Woodley

CLIFF TREASURE

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

$2,495,000

SUMMER IN POCOMO

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

$1,425,000

HITHER CREEK

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

$1,350,000

AFFORDABLEOCEAN VIEWS3 bedroom, 2 bath upside-downstyle home with detached 1 bed-room, 1 bath cottage, both with ocean views over conservation land. $899,000

HISTORIC TOWN HOME

Oversized in town lot with roomfor expansion and a 2nd dwelling.4 Bedrooms, 1.5 baths off streetparking and 2 bay garage.

$1,700,000


TOWNTwo story, two bedroom, waterfront townhouse in a fantastic location with excellent

rental history. Walk to Main Street.$975,000

Craig HawkinsBroker

®,™ 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.

DIONIS5+ 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

QUIDNETOversized, elevated parcel, 3.6 acres in size, with distant views of the Atlantic,

Sesachacha Pond and Sankaty Light. One of the highest elevations in theQuidnet/Squam area, offering privacy, views and sunsets over conservation land.

$3,495,000

SHIMMOOutstanding 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, islocated 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 forpool and tennis court. Deeded access to Shimmo Beach and boat mooring.

$3,395,000

CLIFFWonderful Cliff /Town location to create a nice family compound with house,

guest house, garage, pool, etc... Sub dividable ANR lot.$2,475,000

WAUWINETBuild 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

TOWNConforming, 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

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

$910,000

MID-ISLANDRC-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

LAND LISTINGS

37 Main Street, Nantucket Island, MA 02554 Phone: 508-228-1881 ext. 119 [email protected]

SURFSIDETwo houses on an oversized lot with

two driveways and so much separationthey can easily be rented separately.

$1,475,000

BRANT POINTIncredibly well executed restoration of a classic, bungalow style beach

house with added cottage.$3,975,000

POLPISNew home features a fantastic floor plan

and highest quality finishes, pool andviews. 5 BR/5 full/2 half baths.

$4,989,000

TOWNNicely renovated antique with

exceptionally large back yard and off street parking, 5 or 6 bedrooms.

$4,465,000

CLIFFBeautifully restored 1747 antique home ondesirable Cliff Road, just a five minute walk

into town. Many original features intact.$5,275,000

TOWNBeautifully executed renovation and

addition of a 1930s bungalow design.One block from the top of Main Street.

$1,995,000

TOWNBeautiful 4 BR home in the

Old Historic District on one of the most sought after streets.

$2,975,000

TOWNTwo separate 2 BR/2 bath condos, canremain as is or convert back to singlefamily. Both have A/C and fireplaces.

$1,785,000

MIACOMETTwo story beach house on two beautifulacres across from Miacomet Pond. Views

of pond, ocean and conservation land.$1,995,000

WAUWINETOne of the most spectacular

locations on Nantucket.Enjoy ocean and harbor frontage.

$12,900,000

CISCO Well designed, spacious home with viewsof Hummock Pond and a short walk to

beach. A/C. Room for pool.$3,475,000

TOWNOriginally built in the late 1700s and completely restored in 2007.

4 BR/4 full/2 half baths. Quiet Street.$2,975,000

MID ISLANDVery clean house on a large, potentially

sub-dividable lot, creating a lot withexposure on Old South Road.

$895,000

TOWN Early 1800s antique home originallybuilt in Vermont, disassembled and

re-constructed on Nantucket in 1987.$3,250,000

POCOMOFabulous compound on three acres with

main house, guest house, separate two cargarage with studio apartment above, pool.

$4,750,000

TOWN4BR/2bath home in the historic districton desirable Lily Street. Separate 1BRcottage and detached two car garage.

$1,675,000

TOM NEVERSVery nice ocean views from this three

bedroom/two and a half bath upside downhouse located across the street from the bluff

$1,495,000

MADEQUECHAMOver an acre of oceanfront property with 150' of ocean frontage, sunsets

and wonderful beach.$2,695,000

SCONSETClassic 1920s ‘Sconset Bluff Home withdetached garage. Magnificent sunrises

and views of Atlantic.$795,000

WAUWINET Beautiful custom home

with detached cottage/studio.Magnificent piece of property.

$2,295,000

MID ISLANDWell maintained home located in a nice,

well established, year round neighborhoodclose to schools, mid-island businesses.

$599,500

MADEQUECHAMOutstanding South Shore Ocean Front

Estate features a meticulously maintainedfive bedroom post and beam style house.

$4,900,000

TOWNCompletely restored antique on one of themore sought after streets in the Historic

District. All 4 bedrooms have en-suite baths.$3,475,000

QUIDNETSpacious, extremely well designed and built

home that has had very little use, neverrented and in immaculate condition.

$1,875,000

TOWNAuthentic, tastefully restored

and decorated Main Street home.Corner lot, guest cottage.

$3,350,000

MADAKETIn a stunning location, this four bedroomhouse offers magnificent views of LongPond, the ocean and conservation land.

$1,175,000

TOWNBeautifully restored in-town antique onan oversized, corner lot. Everything has

been replaced. Large yard, garage.$3,875,000

TOWNRecently built home on oversized lot,with beautiful materials and details;

cherry floors; granite; nice finish work.$2,675,000

UNDER

CONTRACT

NEWLIST

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NEWLIST

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AERE . . . . . . . .Atlantic East Real Estate BAMB . . . . . . . .Bamber Real Estate BOYC . . . . . . . .Boyce Realty BWRE . . . . . . . .Bennett Witte Real Estate BLUE . . . . . . . .Bluewater Real Estate CHAT . . . . . . . .Chatfield Taylor COFF . . . . . . . .Coffin Real Estate

COMP . . . . . . . .Compass Rose Real EstateCONG . . . . . . . .Congdon & Coleman Real EstateCSAA . . . . . . . .Cooper Shepherd Associates CVIL . . . . . . . . .Country Village Real EstateDELK . . . . . . . .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 EstateJORD . . . . . . . . .Jordan & AssociatesKILL . . . . . . . . .Killen Real EstateLVST . . . . . . . . .LandvestMCDL . . . . . . . .McDonald Real EstateMACH . . . . . . . . .Vaughan Machado Real EstateMAUR . . . . . . .The Maury People/Sotheby’s Intl.NREC . . . . . . . .Nantucket Real EstateOSPR . . . . . . . . .Osprey Real Estate

PREF . . . . . . . . .Preferred Properties PROB . . . . . . . .Pro Buyer Associates ROYA . . . . . . . .Royal ColleySCST . . . . . . . . .Sconset Real EstateSEIT . . . . . . . . .Seitz Real EstateTRSE . . . . . . . . .Tea Rose RealtyWEBS . . . . . . . .Webster Real EstateWEST . . . . . . . .Westbrook Real EstateWWRE . . . . . . .Windwalker Real EstateWLCH . . . . . . .Welch Realty

KEY TO LISTING OFFICES

SF . . . . . . . . . . . .Single FamilyMF . . . . . . . . . . .Multi Family

Land . . . . . . . . . .LandCondo . . . . . . . .Condo

Com . . . . . . . . . .CommercialCo-op . . . . . . . . .Co-opKEY TO PROPERTY TYPE

L I N KNantucket

Hummock Pond

$695,000 Aurora Way 0/0 0.15 Land FRAZ$1,150,000 Pond Road 5/4 0.49 SF FRAZ$1,395,000 Aurora Way 4/3.5 0.12 SF FRAZ$1,495,000 Aurora Way 4/3.5 0.15 SF MAUR$3,200,000 Hummock Pond 6/5.5 0.74 SF COMP

Madaket

$325,000 Arkansas Ave 2/2 0.07 SF NREC$329,000 Arkansas Ave 3/2 0.04 SF MAUR$369,000 South Cambridge 3/2 0.13 SF AERE$489,000 Arkansas Ave 3/2.5 0.07 SF COFF$659,995 Madaket Road 3/2 0.09 SF CVIL$660,000 Rhode Island Ave 3/2 0.23 SF WWRE$750,000 Rhode Island Ave 3/1 0.32 SF FRAZ$750,000 Rhode Island Ave 3/1 0.32 SF KILL$825,000 Ridge Ln 3/2 0.23 SF CVIL$850,000 Rhode Island Ave 2/1 0.00 Condo CSAA$925,000 Rhode Island Ave 2/1.5 0.52 SF WWRE$975,000 Tennessee Ave 2/1 0.28 SF CVIL$1,100,000 New Jersey Ave 2/1 0.45 SF MAUR$1,175,000 Columbus Ave 4/3.5 0.92 SF MAUR$1,195,000 Warrens Landing 3/2 1.26 SF JORD$1,195,000 "C" St 2/1 0.18 SF NREC$1,200,000 Washington Ave 3/2 0.23 SF CSAA$1,350,000 California Ave 3/2 0.32 SF NREC$1,389,000 Long Pond Dr 4/3.5 0.93 SF AERE$1,395,000 Madaket Road 5/3 0.55 SF COFF

Dionis

$849,000 Swift Rock Road 3/1.5 1.00 SF BAMB$995,000 Swift Rock Road 2/2.5 1.00 SF BAMB$1,350,000 Bishops Rise 0/0 1.88 Land MAUR$1,350,000 Bishops Rise 0/0 1.88 Land MAUR$1,600,000 Bishops Rise 0/0 1.90 Land MAUR$1,925,000 Bishops Rise 4/3.5 1.95 SF JORD$2,000,000 Bishops Rise 0/0 3.80 Land MAUR$2,395,000 Eel Point Rd 5/4 2.02 SF WWRE$2,850,000 Eel Point Road 8/7.5 1.96 SF GTPT$2,850,000 Eel Point Road 8/7.5 1.96 SF FRAZ$2,875,000 Fintry Ln 7/7.5 1.84 SF ISLP$2,995,000 Swift Rock Road 6/4.5 2.96 SF BAMB$3,350,000 Primrose Ln 4/3.5 2.00 SF JORD$5,950,000 Eel Point Road 0/0 5.09 Land MAUR$5,975,000 Huckleberry Ln 3/1 1.97 SF JLEE$6,750,000 Eel Point Road 4/1 2.09 SF JORD$9,500,000 Eel Point Road 5/4 2.30 SF JORD$9,995,000 Eel Point Road 0/0 13.46 Land NREC$13,995,000 Eel Point Road 6/7 2.34 SF JLEE

Fisher’s Landing

$875,000 Fishers Landing 3/2.5 0.28 SF COMP$999,000 West Way 6/4.5 0.26 SF DENB

$1,395,000 Oakland Ave 4/3 0.93 SF JORD$1,595,000 Madaket Road 2/1.5 2.32 SF CONG$1,895,000 Warrens Landing 3/2.5 3.00 SF COFF$1,995,000 Starbuck Road 4/3.5 0.48 SF MAUR$1,995,000 Starbuck Road 4/3 0.74 SF FRAZ$2,200,000 Sheep Pond Road 6/5 2.22 SF GTPT$2,250,000 Washington Ave 3/2.5 0.57 SF KILL$2,395,000 Sheep Pond Road 5/3.5 1.20 SF COFF$2,695,000 Massachusetts Ave 3/1 2.07 SF GTPT$2,995,000 H St 4/3.5 0.41 SF MAUR$3,800,000 F 5/4.5 1.02 SF WWRE$5,450,000 Tennessee Ave 4/2.5 1.19 SF WWRE$5,450,000 Tennessee Ave 4/2.5 1.16 SF ISLP$5,450,000 Tennessee Ave 4/2.5 1.19 SF JORD

Madequecham

$850,000 Russell St 0/0 0.58 Land BAMB$1,500,000 Wigwam Road 4/2.5 1.16 SF CSAA$1,895,000 Mad. Valley Road 5/3.5 1.38 SF MAUR$1,895,000 Mad. Valley Road 2/1.5 1.70 SF JLEE$2,295,000 Mad. Valley Road 4/2.5 0.69 SF MAUR$2,650,000 Wigwam Road 4/5 1.16 SF CVIL$2,695,000 Mad. Valley Road 3/3 1.17 SF MAUR$4,900,000 Mad. Valley Road 6/5.5 2.93 SF MAUR








OUR DEDICATED BROKERS & AGENTSBernie & 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

PRICED TO SELL!Spacious three bedroom, twobath Cape style home with openkitchen/dining room area.Located not far from schools,bike path and shuttle. Full unfin-ished basement ready to be cus-tomized offering future potentialfor extra living space. Greatstarter home!

EXCLUSIVE $449,000

SCONSET LOW BEACHWITH OCEAN VIEWSThis Main House, Guesthouse/Garage features 5Bedrooms 5+ bathrooms. Oceanview. Charming guest house awaitssummer visitors. Pool house with1/2 bath. Oversized yard. Excellentrental history. Minutes to theVillage Square and Beach.EXCLUSIVE $3,650,000

ESTATE SETTING AT THE TOP OF MAIN

Open layout for today’s family liv-ing, on over one acre. Beautifulseven bedroom, five bath home ~three floors of living plus newly fin-ished basement. Large, private deck.Roof-walk with amazing views ofdowntown Nantucket!

$2,850,000

PEACEFUL AND PRIVATEThis easy living single level threebedroom, two and half bathhome with attached two-cargarage is a rare find. Nestled on anicely landscaped 20,000 squarefoot lot at the end of a quietstreet. just minutes from the center of Town.EXCLUSIVE $1,380,000

WATERFRONT ONWANOMA WAY Panoramic views from Tom Never'sBluff. Ocean Views from bedrooms andentertaining rooms plus first and secondfloor decks. This four bedroom, threebath partially furnished home offers theblue sky and blue water merging togeth-er to offer privacy and tranquility.Nearby neighborhood beach stairs.EXCLUSIVE $2,900,000

COME TO THE BEACHThree story furnished town house- end unit with views of GooseCove Pond. Privacy and threesides of light and air & soaring ceil-ings. Path to pond and close prox-imity to Starbuck Beach. Decksprovide great outdoor enjoyment.Never been rented - and one oflargest units - 24 foot wide singlefamily - no fees.EXCLUSIVE $489,000

Inquirer& MirrorBest of Nantucket2010CarolCoffinBestRealtor

Inquirer& MirrorBest of Nantucket2010Best Real

EstateOffice

COFFIN REAL ESTATE40 Centre Street, P. O. Box 1881Nantucket, MA 02554(508) 228-1138www.coffinrealestate.com

’SCONSET REAL ESTATEPost Office Square,P.O.Box 122

Siasconset, MA 02564(508) 257-6335

www.sconsetrealestate.com

NEW

PRICE

NEW

PRICE

NEW

PRICE

FISHER’S LANDING$875,000

3 BDRM, 2.5 BA Impeccable Cape style homehas large expansive yard and garage with studio

above. Access to: Madaket harbor, trails toDionis beach, tennis & boat storage.

Listing Broker: Constance Sturgis

PINE TREE PRIVACY$665,000

Behind the privet & pines this 3 BDRM/ 2 BAsingle story home is a hidden treasure. Cozy

living room w/wood stove & built-in bookshelves.Large yard, oil heat, basement workshop.

Listing Agent: Jim Cahill

FABULOUS TWO FAMILY$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.

Broker/Owner: Pam SosebeeBroker is related to seller

SMUGGLERS LUCK$1,395,000

4 BDRM, 2.5 BA Surfside beachhouse 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

WAUWINET WITH HARBOR ACCESS

$2,850,000Delightful contemporary 4 BDRM,

3.5 BA home on 3.5 magnificentacres abutting conservation land on 2 sides.Terrific attention to detail,4 fireplaces, generous living spaces

inside and out.Deeded beach and harbor access!

Listing Broker: Cynthia Lenhart

FAIR STREET$1,395,000

This Fair Street inn is flexible as it could easilybe transformed into a private residence.

A spacious 6 BDRM, 5 BA c.1850 gem with loads of charactor and charm! Listing Agent: Pat Carr Calabrese

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

SURFSIDE KNOCKOUT$2,495,000

Charming rose covered craftsmanbuilt 4 BDRM, 4 BA home withadorable guest cottage, detached

office, surrounded by gardens on afabulously manicured one acre lot.Terrific location near Surfside Beach!

Listing Broker: Cynthia LenhartSeller is a MA licensed real estate agent

UPSCALE IN TOWN$1,399,000

Attractive 4 bedroom, 2.5 bathhome custom built by craftsman.

Comfortable modern spaces,lovely hedged yard & central air.

Successful rental history,offered mostly furnished.

Broker/Owner: Constance Sturgis

COMMERCIAL COMPLEX$2,000,000

3 fully rented 1st floor commercial units& deluxe 2nd floor apartment with 3

master suites, over 3,000+ sqft. of elegantliving, plus 3,000 sqft. Basement! Sprinkler

system, central air & parking for 19.Listing Broker: Cynthia Lenhart

CISCO SWEETHEART$860,000

Wonderful sprawling 4 BDRM, 2.5 BA single story

home with separate in-law suite,plus post & beam garage.

Broker/Owner: Pam SosebeeOwner is a MA licensed real estate Broker

TOM NEVERS EAST$1,350,000

On 2.5 acres this custom3 BDRM, 3 BA house & stylish

2 BDRM, 1.5 BA cottage offers a peaceful sanctuary.

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

ABSOLUTELY ENCHANTING!$3,200,000

Magic from the moment you enter thedriveway as it winds through a tunnel of

greenery.The impeccably landscaped property camouflages the spaciousness

of this home, offers several spectacular outdoor 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

REDUCED!

REDUCED!REDUCED!

NEW LISTING!NEW LISTING!

508 228 2266

Polpis HarborfrontBeautiful country setting on Polpis Harbor with sweeping viewsover salt marshes out to Polpis Harbor. Magnificent oak treesand varied topography make this a special site.

$3,500,000

Edward Sanford Bill Liddle Greg McKechnie Debbie Deeley Culbertson Liz Finlay Laura Fletcher Cam GammillJulie Gasco Dawn Holdgate Wayne Howington Barbara JoyceTracy Cullinane Nina Liddle Carl Lindvall Nichole Marks Amy Mart Sam Parsons Stuart Reid Amanda Tosch Phil Witte

www.greatpointproperties.com


Uncompromising Beach Estate

One of a kind! Stunning new custom built fivebedroom main house on three finished floors withgracious and dramatic living spaces and wonder-ful lower level game room in addition to a beauti-ful three bedroom guest house with a wellequipped kitchen and a detached two car garagewith an office space above. Offered fully furnishedand equipped.

Gracious Home off Main StreetFabulous six bedroom, five bath custom built home located at the endof a quiet lane with sunset views over the pastoral landscape andWestmoor Club. Exquisite cherry woodwork throughout. Viking appli-ances and rare granite counters complete this custom gourmetkitchen. The oversized lot has room for additional buildings and apool. Offered fully furnished. $2,900,000

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

Historic in TownBeautiful 19th Century Nantucket four bedroom home locatedat the top of Academy Hill on a sunny corner lot. Bright andopen living spaces with many original historic details with asmall yard, off street parking and a separate cottage.

$1,450,000

Custom Built Cliff Home This lovely new home is quietly situated off West Chester Street. Thebucolic setting belies the near town convenience and close proximity ofthe Westmoor Club. Perfectly accented with gracious detailing, modernamenities, and pastoral landscaping, this is a perfect family setting. Thereare plans for a garage and apartment. The plans are HDC approved butneed to be renewed. $2,975,000

Peace & PrivacyThis property boasts privacy and practicality. Located at theend of a quiet street in a peaceful neighborhood, the househas been wonderfully maintained, features lovely gardens andyard, and the interior is flooded with natural light. A large backstudio is used for an in home business and offers a number ofpossibilities. $849,000

Exceptional Detail & Style This lovely three bedroom home on an over-sized lot has roomfor expansion or a second dwelling. The rear deck and large, pri-vate backyard and garden offer wonderful outdoor areas forrelaxing, dining and entertaining. The kitchen and both bath-rooms were updated in 2008. This charming and comfortablehome is very conveniently located. $645,000

Surfside RetreatPrivate one acre property nestled in the pines of Surfside offers a mainhouse and cottage. Both have lovely yards with mature landscaping, cre-ating a nice division of space and privacy from one another. Both housesoffer a solid rental history or would make for a very comfortable year roundresidence. Being offered fully furnished.

$1,550,000

In-Town Charm near the Windmill Charming turnkey home located a short distance from Townand Surfside bike path. This home offers a new heating sys-tem, air conditioning, security and irrigation systems. Newappliances and fixtures. Large back yard with a storage shed,and a wonderful rear patio overlooking the Old Mill. Groundcover available for expansion.

$1,200,000

508 228 2266

Edward Sanford Bill Liddle Greg McKechnie Debbie Deeley Culbertson Liz Finlay Laura Fletcher Cam GammillJulie Gasco Dawn Holdgate Wayne Howington Barbara JoyceTracy Cullinane Nina Liddle Carl Lindvall Nichole Marks Amy Mart Sam Parsons Stuart Reid Amanda Tosch Phil Witte

www.greatpointproperties.com


Landmark Lincoln Circle PropertyFabulous Victorian antique on an oversized lot. This bright andsunny summer home offers ample room for expansion andpotential for subdivision. Ideally located across from StepsBeach. Harbor and Sound views from many rooms.

$6,750,000

On the CliffOverlooking the Sound

One of a kind offering! Seven bedroom, seven bath home setdramatically up on the Cliff with over two acres of Sound frontproperty and private stairs to a pristine beach. Expansive decksprovide stunning 180 degree views of Nantucket Sound.Potential for subdivision or substantial expansion.

$17,500,000

Recently Built Custom In-Town HomeA beautiful new home built within the historic district on a largeoversized lot. Built by island craftsmen in 2003, this home offers5 full bedrooms suites, each with a full bath, plus two addition-al half baths. The finished basement includes a movie theaterwith comfortable leather seating for six people. A large lot ofover 10,000 square feet. $2,995,000

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

$2,495,000

Madaket HarborfrontClassic Madaket Harbor front cottage with private beach. Thisopen stud three bedroom cottage capture the essence of sum-mer with its simple charm and spectacular views. This offering iscomprised of two separate parcels on 1.3 waterfront parcel andone directly across Massachusetts Avenue, the combination pro-vides versatility and privacy. $2,695,000

Sleepy HollowRambling single story in town home several blocks to UpperMain Street. This four bedroom home is tucked in on a quiet sidestreet and features a wonderful courtyard garden and an enclosedterrace. The house was updated in the 1990s and has bright andopen living spaces and a recently renovated kitchen with granitecounters and stainless appliances. $1,295,000

Attractive Cape with OptionsAdorable Cape style home located on a large lot in a quiet neigh-borhood. Three floors of living space. Spacious yard. Unique lotconfiguration and zoning allow for a second dwelling and a com-mercial building that would appear like it was on a separate par-cel fronting on Old South Road.

$1,150,000

Charm in Codfish Park

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

$1,490,000

Spacious Home on an Oversized LotExceptionally located on one of the few remaining cobblestonestreets in the heart of downtown just 2 blocks from the Harborand Main Street, this c. 1850 Greek Revival home offers a beau-tifully manicured private yard and garden, water views and exist-ing off-street parking with significant building expansion possibilities.

$3,250,000

Renovated Antique

Completely renovated 1800s house located on a quiet street ashort distance to town and the Great Harbor Yacht Club. Thischarming three bedroom home is tucked away in a convenient location with a private patio ideal for grilling andrelaxing. $1,295,000

Continued from page 1

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 histo-

ry.

Beth Ann Meehan, the Senior Mortgage Loan Officer at

Pacific National Bank, explained that while lending is con-

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 rela-

tively 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

the name, address and phone number of their landlord if they

are renters.

“If you get a bad verification of rent you can be declined for a loan

even if you have a perfect credit score,” said Meehan. “It is different

than what it was.”

Dalton Frazier of J. Pepper Frazier Company knows all too well how

difficult it can be for those who want to buy into the Nantucket real

estate market, but need financing.

“You just have to be a really strong borrower. You need really strong

credit, collateral and cash, and it’s even more so for commercial,” said

Frazier. “It definitely will hurt with the locals, but the off-island buyers

come in knowing what they can afford and are prepared. A lot of times

they are cash buyers, or they have the cash if their financing doesn’t

come through.

“We tell clients to call [the local banks] and see what their rates are

and call other people and see what you get. The local banks know

Nantucket. If they have the [competitive] rates they have the rates, and

if they don’t that’s too bad,” Frazier added. “Right now it’s tough

because they say you qualify or you don’t, even with the historical

rates.”

Compass Rose Real Estate principal Cindy Lenhart agrees with

Dey’s and Frazier’s observations on current lending restrictions and has

seen the frustration with her own customers.

“We have a commercial property to sell and a guy who wanted it. He

has a significant amount of cash to put down and good credit, but he

could not get commercial lending and he went to five different banks,”

said Lenhart. “Getting money to buy a commercial property is very dif-

ficult. There are several commercial properties available, but if [buyers]

can’t get the funding there is no way.”

Quint Waters, the Senior Vice-President for Commercial Lending at

Nantucket Bank, and Bill Welch, the Senior Commercial Lender at

Cape Cod Five Cents Savings Bank, explained that the primary imped-

iment in commercial lending today is the sluggish economy.

“There have been no regulatory changes that affect commercial

lenders — we still review corporate and personal financial statements

and tax returns we’ve always asked for. What has made it tougher for

us to make loans is the economic conditions,” said Welch. “The other

piece of it is real estate values that have declined. That has made it more

difficult to refinance because of loan to value issues. The economic

conditions have slowed commercial real estate transactions to a great

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

conservative in lending. Anticipating the current climate will continue

into the foreseeable future, Waters suggests that those seeking to bor-

row, whether for residential or commercial purchases, be prepared with

all the documentation required for a high level of inquiry. He strongly

advises commercial loan applicants to bring in a business plan clearly

indicating where their mortgage will be spent.

“A lot of information once was taken on faith,” Waters said. “The

pendulum has swung the other way, to check and verify.”

Cape Cod Five has a loan production office open by appointment as

it seeks to establish a full branch bank on the island. Though it consid-

ers itself a community bank with a degree of local decision-making

power, Dave Brennan, CCF’s Head of Residential Lending, cautions

borrowers that regulatory guidelines still apply to that bank’s applica-

tion process.

“Everybody’s kind of being punished. The requirements put forth

now are very arduous and require a lot of documentation. In our opin-

ion, the regulations have come too far now and made the process over-

ly cumbersome and restrictive,” Brennan explained.

“Being a community bank, if we see a loan that does not apply under

Fannie Mae or Freddie Mac [federal guidelines] we can take a look at

it from a standpoint of not selling it and putting it in our portfolio. We

may not be able to provide the same rate but we can offer an alternative

to the borrower in many instances. We would possibly be able to stretch

the debt to income ratio, though that doesn’t lower the credit score. You

must still provide some degree of common sense to any transaction.

“Try very, very hard not to acquire new debt before a closing or you

may be denied because your situation has changed,” stressed Brennan.

“This is the price everybody is paying for the lack of regulations and

enforcement in the mortgage market between 2004 and 2007.”

Next: Insuring your property

Mary Lancaster has been a year-round island resident for 40 years.She moved to Nantucket after spending several years as an advertisingillustrator in New York City and Connecticut. Her journalism career,spanning 24 years to date, began as a reporter for the Inquirer andMirror, then The Nantucket Beacon and most recently as a staff writerwith The Nantucket Independent. Between and during her jobs withthose newspapers she also wrote for several local magazines. She iscurrently working as a freelance writer.

NEWS REPORT

For banks, the proof is in the paperworkMortgage Originations by Product Type

Conventional 30-Yr Mortgage Rates 1971 ~ 2010

Source: Freddie Mac

Source: Freddie Mac

NEWS REPORT

First in a Series

By Peter B. BraceProperty News Writer

During the summer of 2010,

Nantucketers experienced

many of warmest, sunniest

weather over consecutive days,

and weeks, that it has seen in the

last decade.

No one, it seems, could remember more beauti-

ful summer weather in recent memory. And while

we soaked up the rays on the beach, a growing

group of relatively new sun worshippers — those

with solar panels on their roofs or in their backyards

— were also dancing in the abundant light from

above to the beat of clean, renewable kilowatts

pulsing into their buildings.

Rated as “Good” by the National Renewable

Energy Laboratory of the U.S. Department of

Energy’s Office of Energy Efficiency and

Renewable Energy, Nantucket bathes in

4.41kWh/sq-m/day of sunlight — measured by

NREL in kilowatt hours per square meter per day

and based on annual percentages.

However, despite the howling, incessant winds

of the nor’easters that pound the island during the

winter, forcing ferry boat cancellations, and the

strong southwest winds of summer that keep

kitesurfers aloft off Pocomo Point, NREL rates

Nantucket’s wind potential as only “Marginal” with

average annual wind speeds at 12.5 to 14.3 mph on

land, speeds that actually work well for residential

turbines.

Regardless of these mixed federal ratings of

solar and wind energy potential, Nantucket residen-

tial and commercial property are installing solar

energy (photovoltaic electricity-generating panels),

solar thermal (solar-heated water systems), and

wind energy conversion systems at a steadily

increasing rate. In 2008, the HDC approved 10

solar and wind energy systems, and 19 in 2009.

Not waiting for Cape Wind’s wind turbines to

start producing energy, the town is also installing its

own wind turbines and photovoltaic solar panels.

Nantucket High School recently erected a 190-foot,

100-kilowatt wind turbine designed to cover 20 to

25 percent of the high school’s electric demand or,

around $30,000 in annual savings. The town is

planning a wind turbine at the Department of Public

Works offices, and is in the early planning stages

for 10, five-megawatt wind turbines

south of Tuckernuck Island. It also

installed two solar-powered trash

collector/compactors at Children’s

Beach and Nantucket Memorial

Airport is working on a plan for solar

arrays as well.

There are, however, equipment

and installation costs, Historic

District Commission and infrastruc-

ture issues, and cloudy, windless days to factor in to

your renewable energy equation.

On Nantucket, installers of solar and wind ener-

gy conversion systems include Nantucket Solar,

Energy Independence Today, the Gravel Shoals

Group and the Nantucket Alternative Energy

Collaborative.

In 2009, the HDC adopted its green building

guidelines, “Sustainable Preservation,” an adden-

dum to its bible of island building recommenda-

tions, “Building with Nantucket in Mind.”

Unfortunately, for would-be owners of wind and

solar energy systems, although the HDC tries to

guide such accessory structures into the preferred

proper historical context and out of sight from pub-

lic ways, these new guidelines can be limiting,

especially to the placement of solar panels on the

sides and roofs of buildings.

The other hurdle is cost. Because every installa-

tion is different depending on power needs, build-

ing orientation, site-specific shading, wind speeds

and visibility, nailing down initial costs can be dif-

ficult. Licensed installer Bobby King, Jr. of

Nantucket Solar said homeowners installing a 250-

kilowatt system, around the energy level for the

average house, would pay $17,000 to $20,000 for

all components and labor costs and can expect a

rate of return of up to 30 to 50 percent off their elec-

tric bill.

If wind is your preferred renewable power

source of choice, Liz Huberman of Gravel Shoals

Group, the only licensed installer of residential

wind turbines on Nantucket, said the 23- and 30-

foot vertical Windspire wind turbines they use pro-

duce 2,000 kilowatt hours per year and cost

$19,000 to $22,000 to install. Like solar, however,

these costs are rough estimates, depending largely

on labor costs, siting issues, wind turbine model,

and energy needs.

The good news is that with both President

Obama’s and Massachusetts Governor Deval

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 opportuni-

ties 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 haslived on Nantucket for the last 15 years. The formerenvironmental, growth and development writer forthe Nantucket Independent and the NantucketBeacon, Brace, the author of “Walking Nantucket:A Walkers Guide to Exploring Nantucket on Foot,”is currently working on a natural history of theisland and his sequel to “Walking Nantucket.”

ENERGY

O N N A N T U C K E T

ALTERNATIVES

Embracing the power of natureTHE WIND BLOWS ~ THE SUN SHINES

A publication of the Nantucket Association of Real Estate Brokers

NANTUCKETPROPERTY JOURNAL

August/September 2010 • Vol. 2 No. 3

Online. Anywhere. Anytime.After searching for a homeon Nantucket for 12 of the17 years they have been visiting, Jill and Rick Leskofound their oasis inNanahumacke Preserve, offof Hummock Pond Road.The couple purchased theirpartially built home lastSeptember, and closed on itin April.“We fell in love withthe natural surroundingsand the pond that is here,and the fact that it is surrounded by conservationland,” says Jill, who first visited the island when shewas 13.“We love the naturalsetting and the beauty of the23 acres that are beingdeveloped.” Jill also cited thedevelopment’s close proximityto the beaches, Bartlett’sand the brewery. Rick is aninternal medical physicianwho heads a medical groupin New Jersey. Jill worked as a marketing and salesexecutive for Johnson &Johnson for 23 years, and isstarting her own independentconsulting business. Theyhave two daughters — onejust graduated from collegeand is planning to work as agraphic designer or an ani-mator.The other will attendHarvard Business Schoolthis fall.

Historians are an interest-ing bunch. They love

libraries and the love doingresearch in libraries. They lovegoing through piles of oldbooks and documents, search-ing for that elusive clue thatwill shed some new light on arelatively obscure (what theylike to call “historic”) fact. A

lot of times they end up withfindings that include phraseslike, “It’s difficult to pinpointthe exact year when such-and-such-a-group actuallycame into existence, but thefirst recorded organizedmeeting was in whateveryear.”

I’m not a historian.

That’s not to say that Idon’t like research (I don’t, justfor the record) and that I don’tlike libraries (again, not theworld’s biggest fan). Butbefore anybody gets all out ofsorts and ready to yell at me,I’d point out that onNantucket, we don’t have alibrary. We have an

Atheneum. Totally differentballgame. I knew that legalretainer would come in handy.

And speaking of lawyers, Ihappened to be in the neigh-borhood recently of DenbyReal Estate on Whaler’s Lane,an office that was, at the timeof my arrival, populated by

LINK NANTUCKETA list of all properties

for sale by area and pricePage 6

QUARTERLY RESULTSSecond quartersales summary

Page 24INSI

DE

5 MINUTES WITH...Aloha! Bill Liddle takes it easy with The Eagles

Page 29

NANTUCKETPROPERTY NEWS

Vol. 1 No. 6 � A publication of the Nantucket Association of Real Estate Brokers � July 30, 2009

L I N KNantucket

New Listings July 14 - July 28

$8,950,000CliffKimball Ave.5/3Island Properties

JORDI CABRE PHOTONew Listings continued on page 30

$8,800,000SconsetBaxter Road6/6+Lee RE &Westbrook RE

$8,500,000ShimmoGardner Road8/5Great PointProperties

$3,950,000TownPleasant St.5/5+Great PointProperties

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

HISTORY OFREAL ESTATEON NANTUCKET

PART 4

THE

Ranneys share reflections of Real Estate firsts

By Andrew SpencerContributing Writer

See History, page 25

Our Property

www.nareb-online.comNantucket Property Journal • Nantucket Property News

October 21 2010 • Nantucket Property News • 13










L I N KNantucket

$295,000 Allens Ln 0/0 0.12 Land FRAZ$315,000 Essex Road 3/2.5 0.12 Condo MAUR$315,000 Essex Road 3/2.5 0.12 Condo MAUR$315,000 Macys Ln 0/0 0.13 Land JLEE$375,000 Cow Pond Ln 4/3 0.18 Condo COFF$375,000 Essex Road 3/1 0.00 Condo CSAA$389,900 Pine Tree Road 3/2.5 0.19 SF FRAZ$395,000 Amelia Dr 0/1.5 0.00 Condo COFF$399,000 Sun Island Road 2/1 0.00 Condo CONG$399,000 Park Circle 3/2.5 0.00 Condo KILL$425,000 Arrowhead Dr 0/0 0.12 Land CONG$425,000 Arrowhead Dr 0/0 0.12 Land CONG$425,000 Arrowhead Dr 0/0 0.12 Land CONG$425,000 Arrowhead Dr 0/0 0.12 Land CONG$425,000 Arrowhead Dr 0/0 0.12 Land CONG$425,000 Arrowhead Dr 0/0 0.12 Land CONG$425,000 Arrowhead Dr 0/0 0.12 Land CONG$429,000 Bailey Road 3/2 0.23 Condo FRAZ$440,000 Park Circle 3/2.5 0.00 Condo GTPT$449,000 Sparks Ave 1/1.5 0.00 Condo KILL$450,000 Perry Ln 4/2 0.22 SF CHAT$450,000 Amelia Dr 0/0.5 0.00 Com COMP$450,000 Amelia Dr 0/0.5 0.00 Com COMP$455,000 Park Circle 3/2.5 0.00 Condo COFF$460,000 Hinsdale Road 2/2.5 0.00 Condo WWRE$460,000 Hinsdale Road 2/2.5 0.06 Condo WWRE$475,000 Amelia Dr 0/0.5 0.00 Com KILL$479,000 Ticcoma Way 0/0 1.00 Land BAMB$489,000 Old South Road 3/1 0.33 Com JORD$489,000 Old South Road 3/1 0.33 SF JORD$495,000 Friendship Ln 0/0 0.46 Land CONG

Miacomet

$435,000 Somerset Ln 0/0 0.46 Land GTPT$449,000 Miacomet Ave 3/2 0.11 SF COFF$479,000 Mikes Dr 0/0 0.46 Land GTPT$511,000 Sommerset Road 0/0 0.45 Land CVIL$511,000 Somerset Road 0/0 0.45 Land CSAA$575,000 Miacomet Ave 3/1 0.16 SF COFF$695,000 Helens Dr 3/2 0.32 SF CVIL$695,000 Celtic Dr 6/4 0.20 MF MAUR$860,000 Catherine Ln 4/2.5 0.56 SF COMP$925,000 Catherine Ln 3/3.5 0.71 SF MAUR$950,000 Somerset Road 3/2.5 0.45 SF COFF$999,500 Sleepy Hollow 4/5 0.29 Condo MAUR$999,999 Miacomet Ave 3/2 0.32 SF COFF$1,195,000 Appleton Road 5/3 2.00 SF MAUR$1,195,000 Mizzenmast Road 3/3.5 0.47 SF CONG$1,350,000 Topping Lift Road 5/5 0.61 SF MAUR$1,350,000 Bartlett Road 1/1 0.70 MF NREC$1,995,000 Miacomet Road 3/2.5 1.80 SF MAUR$2,275,000 Pond View Dr 4/3 1.80 SF GTPT$10,900,000 West Miacomet 6/5 1.90 SF CONG

Mid Island

$169,000 Old South Road 0/1 0.00 Condo COFF$245,000 Pine Crest Dr 0/0 0.14 Land MAUR$250,000 Surfside Road 0/0 0.12 Land JORD$275,000 Bartlett Road 0/0 0.23 Land BAMB$295,000 Allens Ln 0/0 0.11 Land KILL

$495,000 Friendship Ln 0/0 0.46 Land NREC$540,000 Teasdale Circle 2/2.5 0.00 Condo WWRE$559,000 Essex Road 4/3 0.19 SF FRAZ$595,000 Hooper Farm Rd 2/2 0.25 SF CONG$595,000 Mary Ann Dr 3/3 0.28 Condo COFF$599,000 Macys Ln 4/2.5 0.19 SF ISLP$599,000 Pine Grove Road 6/3 0.23 MF COMP$599,500 Dennis Dr 3/1.5 0.23 SF MAUR$600,000 Appleton Road 2/2 0.24 SF ISLP$630,000 Hinsdale Rd #A 4/4 0.00 Condo COMP$645,000 Macys Ln 3/2 0.17 SF GTPT$660,000 Bartlett Road 4/4 0.25 Condo MAUR$665,000 Pine Tree Road 3/2 0.20 SF COMP$675,000 Daffodil Ln 3/2.5 0.47 Co-Op JORD$695,000 Essex Road 3/2.5 0.20 SF COFF$695,000 Equator Dr 3/3 0.46 MF COFF$695,000 Friendship Ln 4/3 0.47 SF JORD$719,000 Gray Ave 5/2.5 0.67 SF MAUR$727,000 Friendship Ln 6/3 0.49 MF ISLP$729,000 Surfside Road 1/1 0.44 SF BAMB$729,000 Equator Dr 2/1.5 0.47 SF FRAZ$749,000 Hooper Farm Rd 5/2.5 0.53 SF COFF$765,000 Appleton Road 3/2 0.23 SF KILL$775,000 Teasdale Circle 8/8 0.31 MF CVIL$775,000 Enterprise Circle 3/2.5 0.46 SF GTPT$775,000 Enterprise Circle 3/2.5 0.46 SF COFF$775,000 Teasdale Circle 8/8 0.31 MF FRAZ$795,000 Gray Ave 5/3 0.23 MF BAMB$795,000 Gray Ave 5/3 0.23 SF CSAA








OFFICE (508) 228-6396 CELL (508) 776-5859P.O. BOX 987, Nantucket, MA 02554

E-MAIL: [email protected]

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

Privacy in Tom Nevers East

19 Centre StreetNantucket, MA 02554

508.228.3202www.jpfco.com

~ We can show you any property for sale on Nantucket ~

Eel Point $2,850,000

Two fabulous newer housessited 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 twohouses. Each has multiple

outdoor living areas and theheavy landscaping provides

great separation between thetwo houses. 1/4 mile to Dionis Beach and 3 miles

to Town. This propertyoffers 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.



Jewel of Brant Point$3,100,000

The house was thoughtfullydesigned by Andrew Kotchenwith flawless exterior lines and

a light and airy interior that is great for entertaining.

The house was built with thehighest quality of craftmanshipand materials and has sophisti-

cated moldings and recessedlighting throughout. Locatedon a well manicured, elevatedlot with lots of outdoor livingincluding a front wrap aroundporch and a back brick patio

with a pergola. The house hasgreat 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!










L I N KNantucket

$1,995,000 Milestone Crossing4/3.5 2.76 SF JORD$1,995,000 Tetawkimmo Dr 4/4 0.84 SF GTPT$2,000,000 Amelia Dr 3/5.5 0.29 Com COMP$2,100,000 Sheep Commons 4/4 0.65 SF JORD$2,400,000 Amelia Dr 3/5.5 0.29 Com COMP

Monomoy

$1,799,000 Brewster Road 0/0 2.86 Land FRAZ$1,995,000 Brewster Road 3/2 1.37 SF MAUR$2,195,000 Monomoy Road 3/2 0.83 SF CONG$2,650,000 Brewster Road 4/3.5 0.99 SF ISLP$3,500,000 Monomoy Road 3/3 0.69 SF JLEE$3,895,000 Monomoy Road 5/4.5 0.15 SF CONG$5,995,000 Monomoy Road 8/6.5 1.75 SF KILL$6,500,000 Monomoy Road 6/8 0.97 SF KILL$7,900,000 Salt Marsh Road 6/7 5.06 SF KILL

Nashaquisset

$725,000 Washaman Ave 2/3 0.00 Co-Op AERE$790,000 Mamack Ln 3/3 0.00 Co-Op AERE$799,000 Autopscot Circle 3/3 0.09 Co-Op ISLP$799,000 Autopscot Circle 3/3 0.00 Co-Op JORD$875,000 Washaman Ave 3/2.5 0.00 SF WLCH$1,153,750 Yompasham Ln 3/2.5 0.29 SF COFF

$799,000 Tashama Ln 4/3.5 0.28 SF NREC$799,000 Trotters Ln 8/3.5 0.50 MF DENB$799,000 Halyard Ln 3/2 0.35 SF WWRE$799,000 Salros Road 4/3 0.23 Com CSAA$800,000 Ticcoma Way 0/0 1.50 Land BAMB$839,000 Jeans Way 4/3.5 0.34 SF MAUR$850,000 Surfside Road 5/2 0.23 MF CSAA$895,000 Cato Ln 6/5 0.23 MF BAMB$895,000 Pine Crest Dr 3/3.5 1.29 SF MAUR$895,000 Luff Road 3/2 0.34 SF NREC$899,000 Rudder Ln 3/2.5 0.40 SF CSAA$899,000 Rudder Ln 3/2.5 0.40 SF BAMB$925,000 Witherspoon Dr 4/3.5 0.13 SF MAUR$925,000 Hinsdale Road 4/4.5 0.11 MF COMP$949,000 Old South Road 4/2.5 0.00 Condo CONG$989,000 Polliwog Pond Rd 6/3 0.25 SF CVIL$995,000 Old South Road 0/3 0.18 Com KILL$998,000 Fairgrounds Road 4/3 0.54 SF AERE$1,150,000 Pine Crest Dr 3/3.5 1.10 SF GTPT$1,150,000 Hanabea Ln 5/4.5 0.17 Com COFF$1,150,000 Old South Road 4/4 0.17 Com COFF$1,150,000 West Creek Road 4/3.5 0.14 Com COFF$1,195,000 Teasdale Circle 4/2 0.27 Com FRAZ$1,200,000 Ticcoma Way 0/0 2.50 Land BAMB$1,250,000 West Creek Road 4/3 0.14 Com COFF$1,275,000 Teasdale Circle 4/3 0.29 Com GTPT$1,285,000 Meadow View Dr 4/4.5 0.46 SF COFF$1,295,000 Chins Way 3/1 0.13 Com CONG$1,300,000 Amelia Dr 3/4 0.00 Condo COMP$1,449,000 Pine Crest Dr 5/5.5 0.71 SF COMP$1,895,000 Sheep Commons 3/2.5 0.62 SF WWRE

Naushop

$395,000 Goldfinch Dr 0/0 0.13 Land CSAA$395,000 Goldfinch Dr 0/0 0.13 Land JORD$425,000 Goldfinch Dr 0/0 0.12 Land CONG$450,000 Goldfinch Dr 0/0 0.11 Land CONG$495,000 Bluebird Ln 0/0 0.13 Land CONG$550,000 Goldfinch Dr 0/0 0.15 Land CONG$550,000 Goldfinch Dr 0/0 0.14 Land CONG$799,999 Goldfinch Dr 4/3.5 0.15 SF FRAZ$829,000 Goldfinch Dr 3/2.5 0.13 SF MAUR$870,000 Goldfinch Dr 3/2.5 0.14 SF JORD$895,000 Dovekie Court 5/4.5 0.16 SF AERE$910,000 Curlew Court 3/2.5 0.11 SF JORD$915,000 Killdeer Ln 5/3.5 0.12 SF COMP$945,000 Kittiwake Ln 3/3.5 0.12 SF JORD$989,000 Curlew Court 3/2.5 0.13 SF NREC$995,000 Kittiwake Ln 4/3 0.11 SF CONG$999,000 Goldfinch Dr 3/3 0.13 SF CSAA$1,099,000 Goldfinch Dr 4/3.5 0.11 SF CONG$1,099,000 Bluebird Ln 5/3.5 0.15 SF CONG$1,150,000 Goldfinch Dr 3/3.5 0.11 SF CONG$1,195,000 Bluebird Ln 5/4.5 0.13 SF GTPT$1,245,000 Goldfinch Dr 5/3.5 0.15 SF WWRE$1,265,000 Kittiwake Ln 5/5.5 0.11 SF COFF$1,450,000 Goldfinch Dr 3/3.5 0.22 SF CONG










Hummock Pond$1,150,000

Well maintained, house andcottage on a meticulouslylandscaped half acre lot inthe sought after Hussey

Farm area. Three bedroom,two bath main house withprivate deck overlooking

vegetation. Two bedroom,one and a half bath cottage

with nice outdoor space.Many possibilities as thehouse and cottage have

nice separation. Both are very bright and cheery.Sold fully furnished.Outstanding value!

Since You AskedQuestions for the editor

Email your questions to the editor [email protected]

“I plan to apply for a mortgage loan to buy a houseby the end of the year. I was told I should get pre-approved first. What kind of financial documents areneeded for the pre-approval process?”

I’ll get to the documents part of your question in just amoment. But first, I want to touch on the reason for pre-approval. Through this process, a mortgage lender will reviewyour financial situation and tell you how much they are willingto lend you. It’s not set in stone, and it doesn’t obligate thelender into giving you that amount — but it’s still a useful stepworth taking before you start looking at houses.

Getting a mortgage pre-approval helps you in two ways. Forone thing, it helps you narrow your home search by giving youa price range. Granted, you should establish your own budgetbefore you even start talking to lenders, but a pre-approval isstill helpful in this regard. The second way it helps you is bymaking sellers take you seriously. This is especially importantin a seller’s market. If a seller receives three competing offers,but only one of the buyers has been pre-approved, they'll prob-ably take the pre-approved offer more seriously — and forobvious reasons.

When you arrange for a mortgage pre-approval, the lendershould tell you which financial documents you need to bring. Ifthey don’t give you a list of required documents, you should askfor one. Today, in the wake of our economic recession, lendersare asking for even more documents than they’ve required inthe past (See this week’s front page story). Here’s a list of themost common items needed during the mortgage pre-approvalprocess:

• 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)

Again, this is just a standard list of documents needed forpre-approval. Your lender may not require as many of theseitems, or they might ask for additional items not listed above.So, be sure to ask for a complete list before you go to yourappointment.

Why are all of these documents needed to get pre-approved?Basically, the lender is trying to figure out (A) how muchmoney you earn and (B) how much cash reserves/savings youhave on hand. Specifically, they want to make sure that youmake enough money to cover your mortgage payments. This ishow they determine the amount they are willing to lend you.It’s all based on the documents you provide and your currentcredit score — everything else is secondary to this.

“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

Newly renovated, 3 bedrooms, 3.5 baths HDC plans for 4th bedroom $$22,,992255,,000000

11882211 FFeeddeerraall--ssttyyllee iinn ttoowwnn

DDaannaa && DDaavviidd BBooyyccee,, licensed brokersJJaammiiee FFeeeelleeyy, sales associate

550088..225577..66996622 wwwwww..bbooyycceerreeaallttyynnaannttuucckkeett..ccoomm

4 bedroom house, 2 bedroom cottage, with deep yard. Fully furnished. $$22,,335500,,000000

TToomm NNeevveerrss WWaatteerrffrroonntt

Graham Goldsmith design. Ocean views and deeded beach access. 5 bedrooms. $$22,,995500,,000000

SSccoonnsseett BBeeaauuttyy

Low Beach/Hawks Circle. 1/2 Acre, 12.5% coverage. Town Water & Sewer. $$11,,880000,,000000

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$980,000 West Sankaty Road 3/1 0.18 SFCOFF$995,000 Bank St 1/1 0.13 SF COFF$998,000 Sconset Ave 4/2 0.19 SF AERE$1,100,000 West Sankaty Ave 3/1 0.11 SF MAUR$1,150,000 Broadway 3/1.5 0.05 SF WWRE$1,150,000 Sconset Ave 3/1.5 0.64 SF NREC$1,150,000 Manatook Way 0/0 0.46 Land JLEE$1,150,000 Bank St 1/1 0.05 SF MAUR$1,150,000 Sconset Ave 3/2 0.21 SF DELK$1,295,000 Lily St 4/2 0.11 SF NREC$1,395,000 Baxter Road 3/2 0.24 SF MAUR$1,395,000 Lily St 3/2 0.14 SF NREC$1,450,000 Plainfield 0/0 1.50 Land CONG$1,490,000 Bank St 4/3.5 0.08 SF GTPT$1,495,000 Towaddy Ln 4/2 0.19 SF COFF$1,500,000 Burnell St 3/3 0.18 SF JLEE$1,500,000 Burnell St 3/3 0.18 SF AERE$1,695,000 North Road 4/3 0.20 SF COFF$1,725,000 Sankaty Road 3/1 0.62 SF COFF$1,795,000 Shell St 4/3.5 0.15 SF MAUR$1,895,000 Chapel St 3/2.5 0.04 SF COFF$1,995,000 Morey Ln 4/4 0.23 SF FRAZ$1,995,000 Coffin St 3/4.5 0.13 SF WWRE$2,100,000 Pochick St 3/2 0.04 SF BOYC$2,295,000 Baxter Road 4/2 0.26 SF MAUR$2,395,000 King St 6/4.5 0.16 SF FRAZ$2,395,000 Main St 4/3 0.88 SF MAUR$2,425,000 Sankaty Road 4/2.5 0.44 SF COFF$2,495,000 Blackfish Ln 5/6.5 0.48 SF FRAZ$2,675,000 Cannonbury Ln 5/3 0.46 SF COFF$2,895,000 Ocean Ave 3/3 0.09 SF KILL$2,950,000 Baxter Road 4/3 0.52 SF CHAT$2,995,000 Jennifer Ln 4/4.5 0.24 SF KILL$3,000,000 Milestone Road 0/0 2.82 Land BAMB$3,275,000 Sankaty Road 4/3.5 1.05 SF COFF$3,650,000 Stone Post Way 5/6 0.50 SF COFF$3,750,000 Low Beach Road 7/6 0.49 SF JLEE$3,795,000 Annes Ln 3/2.5 0.48 SF JLEE$3,895,000 Main St 4/3.5 0.47 SF JLEE$4,100,000 Morey Ln 6/4.5 0.76 SF MAUR$4,275,000 Burnell St 8/9 0.00 SF FRAZ$4,700,000 Bunker Hill 6/7 0.59 SF CONG$5,300,000 Low Beach Road 8/9 3.60 SF JORD$7,900,000 Ocean Ave 5/4.5 2.33 SF MAUR$9,995,000 Low Beach Road 8/9 3.30 SF MAUR$13,995,000 Low Beach Road 5/5 7.07 SF MAUR

Shawkemo

$1,895,000 Polpis Road 0/0 3.32 Land MAUR$2,800,000 Shawkemo Road 0/0 2.80 Land MAUR$5,900,000 Shawkemo Hills Ln 5/5.5 2.77 SFMAUR$5,995,000 Wingspread Ln 4/5.5 2.77 SF MAUR$12,950,000 Shawkemo Road 6/10.5 2.93 SF JORD

Shimmo

$2,195,000 Shimmo Pond Rd 4/2.5 0.84 SF NREC$2,999,000 Juniper Hill 4/4.5 1.82 SF CONG$3,395,000 South Valley Road 3/3 1.60 SF MAUR$4,995,000 Brewster Road 5/4 1.89 SF PREF$7,500,000 Gardner Road 8/5 3.25 SF GTPT

Pocomo

$1,425,000 Pocomo Road 3/2 1.00 SF NREC$2,300,000 Wauwinet Road 3/2.5 3.00 SF CONG$2,475,000 Pocomo Road 4/3 3.00 SF JORD$2,990,000 Pocomo Road 4/4 3.93 SF AERE$3,295,000 Village Way 3/4.5 0.29 SF ISLP$3,995,000 Pocomo Road 4/3 4.06 SF WWRE$4,400,000 Lauretta 4/3.5 1.76 SF KILL$4,750,000 Pocomo Road 7/5.5 2.90 SF MAUR$5,995,000 Lauretta Ln 6/6.5 3.04 SF CONG$7,900,000 Pocomo Road 6/4.5 2.81 SF JORD$7,900,000 Pocomo Road 3/2 2.70 SF ISLP$17,995,000 Pocomo 6/6.5 5.70 SF ISLP

Polpis

$1,550,000 North Pasture Ln 0/0 0.95 Land CONG$2,895,000 Polpis Road 5/4.5 3.09 SF KILL$3,495,000 Polpis Road 3/3.5 1.05 SF JLEE$3,695,000 Almanack Pond 4/3 3.99 SF GTPT$4,989,000 Polpis Road 5/6 2.95 SF MAUR$6,950,000 Polpis Road 5/6.5 7.50 SF MAUR$11,750,000 Polpis Road 6/9 5.98 SF GTPT$12,500,000 Polpis Road 6/7 10.00 SF MAUR

Quaise

$899,000 Bassett Road 2/1 0.99 SF FRAZ$2,400,000 Bassett Road 5/2 0.75 SF FRAZ$3,300,000 Quaise Pastures 5/4.5 2.01 SF JORD$3,500,000 Quaise Pastures 0/0 4.42 Land GTPT$3,500,000 Quaise Pastures 5/2 4.42 SF GTPT$6,900,000 Quaise Pastures 6/7 6.89 SF GTPT

Quidnet

$940,000 Brier Patch Road 0/0 1.01 Land MAUR$1,695,000 Sesachacha Road 3/2.5 0.14 SF AERE$2,749,000 Quidnet Road 3/2 0.25 SF MAUR$3,295,000 Chase Ln 4/3 4.39 SF CONG$3,395,000 Quidnet Road 6/6.5 2.76 SF CONG$3,495,000 Quidnet Road 0/0 3.60 Land MAUR

Sconset

$469,000 Comeau Ln 0/0 0.22 Land AERE$589,900 Comeau Ln 0/0 0.26 Land NREC$695,000 Hydrangea Ln 0/0 0.11 Land MAUR$795,000 Hydrangea Ln 0/0 0.12 Land MAUR$795,000 Hydrangea Ln 0/0 0.12 Land MAUR$795,000 Hydrangea Ln 0/0 0.12 Land MAUR$795,000 Bank St 1/1 0.05 SF CVIL$795,000 Hydrangea Ln 0/0 0.11 Land MAUR$795,000 Bank St 1/1 0.05 SF JLEE$795,000 Baxter Road 5/4 0.52 SF MAUR$799,000 Codfish Park Road 1/1 0.04 SF MAUR$850,000 Hydrangea Ln 0/0 0.12 Land MAUR$895,000 Hydrangea Ln 0/0 0.12 Land MAUR$925,000 Lily St 2/1 0.07 SF NREC$950,000 Baxter Road 4/4 0.32 SF MAUR$975,000 Black Fish Ln 0/0 0.76 Land JORD$975,000 Burnell Lot C 0/0 0.76 Land CSAA

L I N KNantucket

South of Town

$299,000 Thirty Acres Ln 2/1.5 0.00 Condo DENB$559,000 Washaman Ave 3/2 0.24 SF JORD$595,000 Hiawasse Ln 0/0 0.54 Land JORD$599,000 Hooper Farm 2/1.5 0.47 SF COMP$725,000 Tashama Ln 3/2 0.17 SF NREC$759,000 Larrabee Ln 6/3 0.23 MF KILL$859,000 Nobska Way 4/2 0.35 SF GTPT$925,000 Lewis Court 4/2 0.34 SF FRAZ$995,000 Vesper Ln 2/1 0.17 SF WWRE

Squam

$1,995,000 Squam Road 0/0 0.92 Land MAUR$5,500,000 Squam Road 4/2.5 2.40 SF JLEE$7,950,000 Squam Road 0/0 10.95 Land WWRE$19,900,000 Squam Road 8/12.5 2.40 SF GTPT

Surfside

$455,000 S Pasture Ln 0/0 0.92 Land GTPT$665,000 Surfside Road 3/2 0.21 SF COFF$695,000 Evergreen Way 4/3.5 0.24 Co-Op GTPT$790,000 Daffodil Ln 4/2 0.48 SF MAUR$795,000 Surfside Road 4/5 0.38 SF FRAZ$825,000 Surfside Road 5/3.5 0.30 SF KILL$825,000 Daffodil Ln 3/2.5 1.84 SF NREC$849,000 Surfside Road 3/3 0.23 SF CVIL$875,000 Maclean Ln 4/4 0.18 SF GTPT$875,000 Pochick Ave 0/0 1.10 Land FRAZ$895,000 Weweeder Ave 0/0 1.15 Land BAMB$995,000 Field Ave 5/3.5 1.00 SF JORD$995,000 Boulevarde 0/0 0.68 Land BAMB$995,000 Surfside Road 0/0 1.25 Land WEBS$995,000 Surfside Road 0/0 1.25 Land CVIL$1,300,000 Woodbine St 0/0 1.15 Land FRAZ$1,395,000 Skyline Dr 4/3.5 1.84 SF AERE$1,395,000 Lovers Ln 4/2.5 0.23 SF COMP$1,399,000 Pochick Ave 3/3.5 0.60 SF KILL$1,445,000 Boulevarde 4/4.5 0.94 SF ISLP$1,475,000 Pochick Ave 5/4.5 1.26 SF MAUR$1,500,000 Pequot St 4/3 0.92 MF COFF$1,550,000 Field Ave 6/5 1.01 SF GTPT$1,595,000 Surfside Road 9/5.5 0.24 SF FRAZ$1,695,000 Pochick Ave 3/3 0.36 SF COFF$1,995,000 Pochick Ave 3/3.5 1.00 SF MAUR$2,295,000 Orkowaw Ave 3/2.5 0.92 SF JORD$2,295,000 Plum St 5/5.5 0.47 SF FRAZ$2,495,000 Surfside Road 4/4 1.00 SF COMP$2,495,000 Woodbine St 3/3.5 1.15 SF GTPT$2,500,000 Skyline Dr 4/3 3.28 SF BWRE$2,795,000 Pochick Ave 5/5.5 1.10 SF JORD$3,100,000 Okorwaw Ave 5/3.5 2.96 SF MAUR$3,695,000 Nonantum Ave 4/6 0.69 SF FRAZ$3,795,000 Orkowaw Ave 4/5.5 2.76 SF JORD

Tom Nevers

$550,000 Gloucester St 0/0 1.16 Land JLEE$595,000 Old Tom Nevers 4/2 0.14 MF FRAZ$595,000 Old Tom Nevers 4/2 0.14 MF FRAZ$599,000 Old Tom Nevers 2/1 0.00 Condo CONG







MONEYMATTERS Up

29%

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

Rate Trend Index

Down 12%

Unchanged59%Average Nantucket area

mortgage rates,thru October 15 2010

BY THE NUMBERSd a t a L I N K

SSaalleess HHiissttoorryy ffoorr SSeepptteemmbbeerr 22001100(Data provided by LINK Nantucket)

Properties sold by area

22001100 YYeeaarr ttoo DDaattee SSaalleess SSuummmmaarryy bbyy MMoonntthh(Data provided by LINK Nantucket)

Total Sales - Trend Over Time Total Value of Sales - Trend Over Time

Propertes sold by type

22001100//22000099 AAvveerraaggee aanndd MMeeddiiaann SSeelllliinngg PPrriiccee CCoommppaarriissoonn -- tthhrruu SSeepptteemmbbeerr 22001100(Data provided by LINK Nantucket)

TToottaall SSaalleess DDoollllaarr VVoolluummee -- tthhrruu SSeepptteemmbbeerr 22001100(Data provided by LINK Nantucket)









$1,100,000 Warren St 3/2 0.10 SF JLEE$1,195,000 Orange St 3/3 0.07 SF MAUR$1,199,000 Spring St 2/2.5 0.06 SF ISLP$1,199,000 Washington St 3/1.5 0.05 Com BWRE$1,245,000 Union St 4/2.5 0.13 SF ISLP$1,249,000 Washington St Ext4/3 0.08 Condo CVIL$1,250,000 Main St 3/2 0.09 SF COFF$1,275,000 Orange St 7/4.5 0.30 SF MAUR$1,295,000 Union St 3/2.5 0.05 SF AERE$1,295,000 Main St 3/2 0.14 SF NREC$1,295,000 Vestal St 4/2.5 0.15 SF GTPT$1,295,000 Vestal St 0/1 0.13 SF MAUR$1,295,000 Union St 4/2.5 0.17 SF CHAT$1,295,000 Back St 3/2.5 0.12 SF GTPT$1,300,000 Milk St 2/2 0.06 SF KILL$1,375,000 New St 3/2 0.18 SF COFF$1,395,000 New Ln 4/4 0.14 MF WWRE$1,395,000 Fair St 6/5 0.08 SF COMP$1,395,000 Eagle Ln 3/2.5 0.06 SF CONG$1,399,000 North Liberty St 2/2 0.27 SF CVIL$1,399,000 New St 4/2.5 0.14 SF COMP$1,400,000 Dukes Road 4/4 0.50 SF COFF$1,450,000 Quince St 4/2.5 0.06 SF GTPT$1,450,000 Angola St 0/0 0.14 Land MAUR$1,495,000 Washington St 3/2.5 0.12 SF MAUR$1,495,000 Farmer St 2/1.5 0.09 SF CONG$1,500,000 Pleasant St 2/2.5 0.06 SF WWRE$1,500,000 Center St 0/0.5 0.00 Com COFF$1,525,000 Eagle Ln 3/2 0.09 SF COFF$1,595,000 Liberty St 4/3.5 0.19 SF FRAZ$1,595,000 West Chester St 4/2.5 0.00 Condo COFF$1,595,000 West Chester St 3/3.5 0.12 SF FRAZ$1,595,000 Union St 4/3.5 0.09 SF CONG$1,675,000 Lily St 5/3 0.13 SF MAUR$1,695,000 Williams St 5/4.5 0.14 SF COFF$1,695,000 Pine St 4/2.5 0.12 SF CHAT$1,695,000 Liberty St 3/3 0.05 SF CONG$1,695,000 Warren St 3/2 0.00 Condo CSAA$1,700,000 Gardner St 4/1.5 0.15 SF NREC$1,725,000 Pleasant St 4/2 0.12 SF WWRE$1,785,000 Union St 5/4 0.00 Condo MAUR$1,845,000 West Dover St 4/3 0.18 SF FRAZ$1,845,000 West Dover St 4/3 0.18 SF CONG$1,865,000 Back St 4/3.5 0.12 SF CONG$1,890,000 Orange St 5/5 0.00 SF MAUR$1,995,000 Pine St 5/3 0.12 SF CONG$1,995,000 Pine St 5/3 0.08 SF COFF$1,995,000 Main St 5/4.5 0.12 SF ISLP$1,995,000 New Ln 3/2.5 0.16 SF MAUR$1,995,000 Main St 5/4.5 0.12 SF JORD$1,995,000 Candle House Ln 4/3 0.12 SF CONG$2,150,000 Washington St 2/3.5 0.11 Com WWRE$2,185,000 Fayette St 4/3 0.16 SF CVIL$2,195,000 Union St 5/5.5 0.12 SF MAUR$2,195,000 Main St 8/4.5 0.15 SF COFF$2,295,000 Ash St 7/7.5 0.11 SF CVIL$2,295,000 Center St 0/0.5 0.00 Com FRAZ$2,395,000 Flora St 3/2.5 0.07 SF JLEE$2,450,000 York St 5/6 0.18 SF MAUR$2,465,000 Meadow Ln 4/3 0.67 SF GTPT$2,500,000 Hussey St 4/4 0.11 SF NREC$2,575,000 Copper Ln 4/4 0.14 SF JORD$2,595,000 Angola St 4/3.5 0.14 SF MAUR$2,595,000 Fair St 5/4 0.18 Condo NREC$2,600,000 West Chester St 4/3.5 0.16 SF GTPT$2,675,000 West Chester St 5/3 0.23 SF MAUR$2,695,000 Barnabus Ln 4/4 0.15 SF MAUR$2,725,000 Green Ln 7/6.5 0.18 MF WWRE$2,750,000 Pleasant St 9/8.5 0.13 MF MAUR$2,795,000 Center St 3/3.5 0.07 SF BOYC$2,795,000 Copper Ln 5/5.5 0.11 SF AERE$2,850,000 Union St 3/2.5 0.12 SF NREC$2,850,000 Washington St 4/2 0.29 SF FRAZ$2,850,000 Madaket Road 7/5 1.30 SF COFF$2,895,000 Union St 5/5.5 0.12 SF MAUR$2,975,000 Lily St 4/3.5 0.12 SF MAUR$2,975,000 Candle House Ln 4/6 0.14 SF MAUR$2,995,000 Main St 4/3.5 0.10 SF NREC$2,995,000 Pleasant St 5/6 0.23 SF GTPT$3,075,000 Pine St 6/7.5 0.13 SF AERE

$649,000 Clarendon St 3/2.5 0.36 SF MAUR$789,000 Clarendon St 3/3 0.18 SF WWRE$895,000 Berkley St 3/2.5 0.23 SF MAUR$899,000 Arlington St 4/3 0.37 SF NREC$899,000 Kendrick St 3/2 0.57 SF COFF$949,000 Gloucester St 3/2.5 0.18 SF AERE$950,000 Flintlock Road 0/0 1.20 Land COFF$995,000 Wrights Landing 0/0 0.46 Land JORD$999,000 Whitetail Circle 0/0 2.75 Land CONG$1,150,000 Old Tom Nevers 8/4 0.34 MF FRAZ$1,175,000 Jonathan Way 4/2.5 1.18 SF COFF$1,200,000 Green Hollow 9/6.5 2.75 SF WWRE$1,295,000 Lyons Ln 3/2.5 1.12 SF WWRE$1,350,000 Marcus Way 4/3 2.99 SF CONG$1,350,000 Old Tom Nevers 4/2.5 0.20 SF COMP$1,350,000 Old Tom Nevers 4/2.5 0.20 SF FRAZ$1,350,000 Longwood Dr 3/3 2.75 SF ISLW$1,350,000 Flintlock Road 5/4.5 2.45 SF COMP$1,395,000 Old Tom Nevers 3/2.5 0.30 SF MAUR$1,395,000 Exeter St 3/3 3.08 SF COFF$1,425,000 Nichols Road 3/2.5 0.14 SF FRAZ$1,495,000 Nichols Road 3/2.5 0.33 SF MAUR$1,595,000 Chuck Hollow Rd 3/2.5 2.77 SF WWRE$1,795,000 Longwood Dr 3/2.5 2.75 SF CONG$1,875,000 Sandsbury Road 3/3 1.20 SF CONG$1,895,000 Wrights Landing 4/3.5 0.46 SF JORD$1,995,000 Tom Nevers Road 6/7 2.81 SF MAUR$2,350,000 Tom Nevers Road 6/4 3.05 SF BOYC$2,900,000 Wanoma Way 4/3 0.40 SF COFF$3,200,000 Wanoma Way 4/4 0.22 SF JORD$3,595,000 Jonathan Way 5/4.5 1.37 SF WWRE$3,795,000 Lyford Road 3/3.5 0.24 SF MAUR$7,000,000 Wanoma Way 6/7 3.20 SF CONG

Town

$299,000 Washington St 0/1 0.00 Condo CVIL$329,000 Washington St 0/1 0.10 Condo CVIL$380,000 Center St 1/1 0.00 Condo AERE$399,000 Pleasant St 1/1 0.00 Condo CONG$475,000 Jefferson Ln 1/1 0.00 Condo CONG$475,000 Union St 2/2 0.12 Condo ISLP$495,000 Orange St 1/1 0.00 Condo CVIL$500,000 York St 3/2 0.06 SF MAUR$525,000 Union St 2/1 0.12 Condo ISLP$585,000 Center St 1/1 0.00 Condo KILL$625,000 Joy St 3/3 0.11 SF CONG$640,000 Orange St 1/1 0.00 Condo CSAA$659,000 Still Dock 2/1 0.00 Condo GTPT$675,000 Orange St 2/2.5 0.00 Condo COFF$695,000 Warren St 1/1 0.05 SF JLEE$695,000 New Ln 0/0 0.11 Land MAUR$699,000 Silver St 4/3 0.06 MF COMP$725,000 Pleasant St 3/2 0.13 SF NREC$725,000 Pleasant St 3/1.5 0.12 SF COFF$745,000 Orange St 2/1 0.05 SF WWRE$749,000 Cherry St 2/2 0.14 SF FRAZ$750,000 Orange St 0/0 0.12 Land COFF$795,000 Atlantic Ave 3/2 0.12 SF GTPT$795,000 Main St 2/1 0.00 Condo AERE$799,000 Gardner Perry Ln 2/1.5 0.13 SF CSAA$806,500 Warren St 3/3.5 0.05 SF FRAZ$835,000 Center St 0/0.5 0.00 Com JORD$835,000 Union St 2/2 0.14 Condo MAUR$875,000 Union St 3/1.5 0.16 SF CVIL$875,000 Union St 2/1 0.12 SF COFF$895,000 Mt. Vernon St 3/1.5 0.05 SF JORD$895,000 Spring St 3/2 0.14 SF JLEE$925,000 Back St 4/2 0.10 SF GTPT$950,000 Union St 3/2 0.14 Condo MAUR$975,000 Washington St 2/2.5 0.00 Condo MAUR$979,000 Prospect St 3/2 0.19 SF CSAA$995,000 Copper Ln 0/0 0.11 Land GTPT$998,000 Union St 4/3 0.12 MF ISLP$1,050,000 Hussey St 2/2 0.03 SF AERE$1,050,000 Hussey St 2/2 0.03 MF ISLP$1,050,000 North Liberty St 3/2 0.13 SF ISLP$1,075,000 West Chester St 3/1 0.19 SF AERE$1,095,000 York St 3/2 0.13 SF GTPT

L I N KNantucket

$3,199,000 Woodbury Ln 5/4.5 0.23 SF JORD$3,250,000 Straight Wharf 3/4 0.14 Condo MAUR$3,250,000 Woodbury Ln 4/4.5 0.24 SF MAUR$3,250,000 North Water St 13/11 0.16 Com GTPT$3,250,000 North Water St 13/11 0.16 SF GTPT$3,250,000 Fair St 4/2.5 0.08 SF CONG$3,275,000 Milk St 7/6.5 0.22 SF WWRE$3,350,000 Liberty St 3/3.5 0.08 SF WWRE$3,350,000 Main St 4/3 0.10 SF MAUR$3,375,000 Cliff Road 5/5.5 0.12 SF AERE$3,475,000 India St 4/4.5 0.06 SF MAUR$3,495,000 Pine St 6/4.5 0.12 SF MAUR$3,500,000 Center St 12/12.5 0.23 SF ISLP$3,500,000 Center St 12/12.5 0.23 Com ISLP$3,695,000 Main St 7/4.5 0.15 SF JORD$3,750,000 Main St 9/5.5 0.30 SF JLEE$3,795,000 West Chester St 6/7 0.14 SF WWRE$3,850,000 Orange St 5/4.5 0.15 SF CSAA$3,875,000 Orange St 5/4.5 0.12 SF MAUR$3,895,000 India St 5/5 0.10 SF KILL$3,950,000 North Liberty St 4/4.5 0.32 SF KILL$3,975,000 Fair St 5/5.5 0.07 SF MAUR$4,465,000 Orange St 5/3.5 0.14 SF MAUR$4,495,000 Main St 6/5.5 0.17 SF MAUR$4,995,000 Straight Wharf 2/3.5 0.07 Com WWRE$4,995,000 Fair St 5/5 0.16 SF MAUR$7,495,000 Main St 6/8 0.15 SF CONG

Tuckernuck

$395,000 Tuckernuck 0/0 5.00 Land CVIL$895,000 Tuckernuck 4/2 5.00 SF CVIL

Wauwinet

$1,895,000 Wauwinet Road 3/2 3.29 SF COFF$1,900,000 Eat Fire Spring 0/0 3.25 Land MAUR$1,950,000 Crows Nest Way 3/2 0.51 SF GTPT$2,295,000 Wauwinet Road 5/4.5 1.50 SF MAUR$2,300,000 Wauwinet Road 3/2 3.00 SF JLEE$2,495,000 Wauwinet Road 5/3 2.85 SF JORD$2,595,000 Wauwinet Road 2/1 0.83 SF JLEE$2,850,000 Wauwinet Road 4/3.5 3.50 SF COMP$2,995,000 Wauwinet Road 4/6.5 3.21 SF CONG$4,900,000 Wauwinet Road 4/3 4.03 SF JLEE$12,000,000 Medouie Creek 0/0 31.60 Land WWRE$12,900,000 Wauwinet Road 6/3.5 2.50 SF MAUR

West of Town

$585,000 Surfside Road 3/2 0.16 SF COMP$595,000 Friendship Ln 2/1 0.54 SF AERE$650,000 Cow Pond Ln 7/5 0.34 MF COFF$656,000 Dukes Road 0/0 0.46 Land COMP$659,000 Surfside Road 3/2 0.17 SF FRAZ$679,000 Equator Dr 6/3 0.46 SF AERE$725,000 Tashama Ln 4/4 0.27 SF CONG$850,000 Old Westmoor 0/0 0.48 Land GTPT$865,000 Meadow Ln 3/1.5 0.30 SF NREC$895,000 Polliwog Pond 4/2 0.18 SF COFF$895,000 Madaket Road 3/2 0.71 SF FRAZ$925,000 Dukes Road 4/2 0.20 SF CONG$989,000 Polliwog Pond 6/3 0.27 SF CONG$990,000 Old Westmoor 0/0 0.47 Land GTPT$995,000 Pond Road 3/2.5 0.52 SF CONG$1,095,000 Vesper Ln 4/3.5 0.47 SF ISLP$1,175,000 Pinkham Circle 6/6.5 0.53 SF JLEE$1,380,000 Mayhew Ln 3/2.5 0.48 SF COFF$2,850,000 Madaket Road 7/5 1.30 SF GTPT$2,900,000 Meadow Ln 6/5 0.57 SF GTPT$2,975,000 Old Westmoor 5/5.5 0.66 SF GTPT$3,550,000 Millbrook Road 3/4.5 3.15 SF WWRE








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

This four bedroom three and a half bath home is located on a quiet street in a highly desirable location.The historiccharm of the original house blends with the later additiondone in the 1980s.A private deck and side yard providedelightful outside space. Conveniently located to Town andSteps Beach.

A historic half-house built in 1745 with a private English garden.Completely renovated and upgraded in 2003 with a new kitchenwith granite counters, Sub-Zero refrigerator,Viking stove, Mieledishwasher, light fixtures, storm windows and fireplace.All bath-rooms completely renovated. Original wide-planked hardwoodfloors throughout.Ample closet and storage space.A charmingand beautiful home. Exclusions include art work, entry mirrorand the Indian rug in the master bedroom.

Pleasant Street style home in the award winning, turn key community ofNashaquisset.Two bedrooms, each with its own private bathroom, a separateden with a full bath and a professionally landscaped yard. Outstanding rentalhistory plus prime location with pool, tennis, year round caretaking and main-tenance all at your door step. Recent improvements include significant workto crawl space, foundation, framing and sills. New concrete floor in crawl spacereplaced 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.

NASHAQUISSET33 Washaman AvenueSingle FamilyList price: $725,000

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

TOM NEVERS23 Arlington Street

Single FamilyList price: $899,000

Bedrooms: 4Baths: 3

Lot size: 0.37 acresListing office:

Nantucket Real Estate

Two dwellings — a house and a cottage — located atthe end of a quiet road have views over conservation land

to the Atlantic Ocean. Surrounded by a first floor porchon 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.

TOWN27 Liberty StreetSingle FamilyList price: $1,695,000

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

MID ISLAND8 Equator DriveSingle FamilyList price: $695,000

Bedrooms: 3Baths: 3Lot size: 0.46 acresListing office:Coffin Real Estate

CLIFF8 Mooers AvenueSingle FamilyList price: $1,950,000

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

5 Great Values5 Great ValuesTODAY!



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.

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.

Katherine McNabb of Devon, PA purchased a

dwelling at 5 Cathcart Road from Peter Wareing of

Huston, TX for $3,300,000.

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.

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.

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.

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.

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.

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 pur-

chased 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.

Compiled by Peter A. Sutters

PEOPLEPROPERTIES

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!

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 friends 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!

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.

Real EstateTransactionsOCTOBER 4 - 15

Minutes withPam Sosebee

Compass Rose Real Estate530 Washing Pond Road

19 Shimmo Pond Road

5 Cathcart Road

21 Brewster Road

Gary WinnBroker / Cell: 508.330.3069

Brian Sullivan

TOWN

TOWN

SCONSET

SCONSET

NAREB News October 21,2010

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Transcript of NAREB News October 21,2010