Country Village Rentals and Real Estate Weblog

1. Mark Lombardi to Mary B. McKernan, Trustee of Shore Thing Nominee Trust: 3 Pochick Ave., $4,350,000

2. Jason A. Olbres and Nichole L. Marks to J.S. Balfour Ltd: 29 Wigwam Road, $2,700,000

3. Edward and Mary Lynn Kerrigan to Greg P. and Bridget St. Pierre: 20 Creek Lane, $1,634,300

4. Olive Cynthia Pope and Russell Pope, Trustees of the Russell E. Pope Trust, to Richard J. Glidden, Trustee of 2 The Captains Lane Realty Trust: 2 The Captains Lane, $1,600,000

5. 49A Pleasant Street LLC to Nantucket-Pleasant LLC: 49A Pleasant St., $1,579,000

6. Ilse M. Sangree and Walter H. Sangree to Mary E. Saffell and Peter B. Boyce: 65 Meadow View Drive, $1,085,000

7. Nancy C. Camara to John H. Kauffmann: 25 Sesapana Road, $1,125,000

8. John S. Husted, C. Richard Loftin and Elizabeth Husted, Trustees of Four Curlew Court Nominee Trust, to Janet E. Schulte, Trustee of the MMA Curlew Court Nominee Trust: 4 Curlew Court, $1,000,000

9. Randy Riseborough to 12 Amelia Drive LLC: 12 Amelia Drive, $800,000

10. Scott E. Corry and Lori L. Corry to Cara E. Stein: 29D South Shore Road, $633,750

11. Paul Caggiano and Mark Ceppi to Jennifer K. Lelle-Merlos: 46 Macy Lane, Unit B, $538,500

12. David R. Cox and Charles E. Davis Jr. to Paul T. Caggiano: 71 Hinsdale Road, $442,500

13. Jacob G. Liddell to Nancy Koris: 848 Tristam’s Landing (Interval), $16,500

14; Carl G. Sigourney to Arthur I. Reade Jr., Trustee of Woodbine Realty Trust: 153 Surfside Road, $8,000

Here are the new listings that came on the market today:

• 28 Flintlock Road - Tom Nevers - $1,675,000 - 3 bedrooms, 3.5 bathrooms
• 22 King Street - Sconset - $3,250,000 - 5 bedrooms, 3.5 bathrooms
• 1 Milestone Crossing - Mid-Island - $2,595,000 - 4 bedrooms, 4.5 bathrooms
• 3 Sea Fox Circle - Mid-Island - $890,000 - 4 bedrooms, 3 bathrooms

Here are the new listings that came on the market today:

• 59 Orange Street - Town - $1,995,000 - 4 bedrooms, 4 bathrooms 
• 14 Wood Hollow Road - Tom Nevers - $1,750,000 - 5 bedrooms, 2+ bathrooms
• 5 Yompasham Lane - Nashaquisset - $1,289,000 - 3 bedrooms, 2.5 bathrooms
• 111 Orange Street - Town - $1,748,000 - 3 bedrooms, 2 bathrooms
• 23 Prospect Street - Town - $1,465,000 - 3 bedrooms, 2.5 bathrooms
• 37 Surfside Road - Mid-Island - $1,195,000 - 4 bedrooms, 3 bathrooms

Here are the new property listings that came on the market today:

• 6 Seven Mile Lane - Sconset - $2,620,000 - 3 bedrooms, 4 bathrooms
• 315 Polpis Road - Polpis - $4,450,000 - 3 bedrooms, 2.5 bathrooms

By:  Brian-Logan Reid, Broker

I went to an open forum meeting last night regarding a proposition from the Health Inspector who wants to levy an annual fee ($100) to all home owners who rent their properties out for longer than 31 days. 

As Nantucket is mainly a seasonal area, and whereby most homeowners who rent their property out, this would have a very broad and far-reaching effect for not only the owners but also many thousands of tenants. 

I cannot even begin to put into words how hard it is for tenants to find housing for the season (May to October) or for the summer (June, July and August)…let’s just say it is very difficult.

Here are the main issues from the Health Inspector’s side:

• The Health Inspector has seen ‘deplorable’ conditions that would ‘make the hair on the back of your neck stand up’.  Conditions such as tenants sleeping with their feet against furnaces, tenants living in basements with dirt floors, tenants living in basements without access to kitchens, tenants “doing their business” in bushes, etc.
• The H.I. wants to levy this fee so that he can increase the size of his department and try and rectify these ’sub standard’ living conditions
• “All it is going to take is for one catastrophe for this issue to come more to light”

I will try to outline the myriad issues from the tenant’s, the landlord’s, and the real estate agent’s side:

• The already very tight inventory of ‘affordable’ properties on Nantucket is hard enough to find and fill - this measure would only DECREASE the amount of housing
• Tenants that are living in these sub standard housing units cannot afford anything else and, as a result, will not report their landlords to the H.I. because they have no other place to go
• Landlords that rent out some of their houses (e.g. renting rooms out for the summer) in order to cover their mortgages would suffer financially if this income goes away
• Landlords would be responsible for rectifying the rental units and this additional financial burden may not be able to be paid for
• If the landlord does rectify the situation, the more than likely result would be an increase in rent, thereby making it even further unaffordable for tenants
• From my (real estate agent’s) perspective, this would provide a DISincentive for investors to purchase rental properties that are not 100% compliant with MA sanitary laws (someone said that 99% of all properties would not pass a rigorous inspection)
• It is understood, but not spoken of, that the majority of the people living in these sub standard rental units are minorities that are here working their tails off and keeping the service industry running…what happens to the local economy if they leave (as a result of being unable to find affordable housing)?
• Assuming for just one minute that this program moves forward, could one even begin to imagine the logistical and practical matter of actually trying to get all of these owners to register their properties?  The H.I. himself believes that it would take in the area of 5 YEARS to register the properties!

There are so many other issues that I just do not have the time to type about, but here’s the basic premise.  It is the H.I.’s job to try and keep the public’s health as safe as possible.  Understood.  But this approach does not seem to be the answer and only would excerbate the dire housing situation. 

I’ve heard that this sort of rental housing certification program exists in other parts of the country and I would love to hear how it works.  Â

Here are the new properties that came on the market today:

• 4 Skyline Drive - Surfside - $1,349,000 - 3 bedrooms, 2 bathrooms
• 3 Sandpiper Way - Tom Nevers - $1,395,000 - 3 bedrooms, 2 bathrooms
• 16 Evergreen Way - Surfside - $1,695,000 - 4 bedrooms, 4.5 bathrooms

Here are the new properties that came on the market yesterday and today: 

• 59 Orange Street - Town - $1,995,000 - 4 bedrooms, 4 bathrooms
• 3 Cornish Street - Brant Point - $3,395,000 - 5 bathrooms, 3.5 bathrooms
• 58 Goldfinch Drive - Naushop - $569,000 - Vacant land
• 19 Hussey Street - Town - $495,000 - Vacant land
• 22 Hussey Street - Town - $2,395,000 - 4 bedrooms, 3.5 bathrooms
• 4B Goldfinch Drive, #B - Naushop - $650,000 - 2 bedroom, 2 bathroom condo
• 24 Equator Drive - Mid-Island - $1,099,000 - 3 bedroom, 1.5 bathrooms

#1            $11 million           36 Burnell Street               Vacant lot/8.8 acres

#2           $9.1 million           77 Low Beach Road           House/2.9 acres

#3           $8.95 million        248/250 Polpis Road        House/1.2 acres

#4           $8.9 million           24 Washing Pond Road    House/1.2 acres

$5            $8.4 million          33 Low Beach Road          House/.82 acre

#6            $7.425 million     47 Pocomo Road                Vacant lot/3.07 acres

#7            $5.625 million      27 Brewster Road             House/1.5 acres

#8            $5.3 million          118 Main Street                 House/.40 acre

#9            $5.25 million         5 Eat Fire Spring Road    House/2.8 acres

#10          $4.83 million        12 Galen Avenue               House/.15 acre

Average House Sale Price $2.85 million– year to date

Average Lot Sale Price $1.9 million–year to date

source: The Nantucket Independent /   www.acknews.com

Here are the new listings that came on the market today: 

• 1 Dovekie Court - $1,275,000 - Naushop - 5 bedrooms, 4.5 bathrooms
• 1 Equator Drive - $750,000 - Mid-Island - 3 bedrooms, 3+ bathrooms
• 9 Lily Street (Sconset) - $1,495,000 - 2 bedrooms, 1 bathroom
• 8 Evergreen Way - Surfside - $1,695,000 - 4 bedrooms, 4.5 bathrooms

By:  Brian-Logan Reid, Broker

Here are the new properties that came on the market today:

• 1 Dooley Court - Surfside - $1,775,000 - 4 bedrooms, 2.5 bathrooms
• 28 Chuck Hollow Road - Tom Nevers - $1,275,000 - 3 bedrooms, 2.5 bathrooms
• 15 Long Pond Road - Madaket - $1,950,000 - 4 bedrooms, 3.5 bathrooms
• 28 Miacomet Avenue - Miacomet - $1,445,000 - 3 bedrooms, 2.5 bathrooms
• 8 Bluebird Lane - Naushop - $1,299,000 - 5 bedrooms, 3.5 bathrooms

Contact any Country Village agent to view these or any listings for sale on Nantucket.