CCertihomes
10 Pine Grove Ln, Nantucket, MA 02554

$5,500,000

4 beds 2 baths 1,456 sqft Built 198842 days on marketActive

About this home

A rare duplex on the island !!! Welcome to 10 Pine Grove Lane and 70 Surfside Rd , two adjoining properties being sold together. Currently, there's a single-family home on 70 Surfside and a duplex on 10 Pine Grove. The building department has indicated the potential to add three more units to the land. Nantucket offers an enticing opportunity for investors seeking to diversify their portfolios and leverage the island's thriving real estate market. Whether utilized as a family compound or for future wealth creation through three-unit condos per lot, this property presents versatility. With the option to retain existing structures and add three more units, you could have a total of six units for sale or rent. Beyond its charming streets, Nantucket boasts breathtaking natural beauty.THE LAST 4 PICTURES ARE FACSIMILE..

Affordability — calculate your monthly payment

Adjust your budget to see what's left after housing, utilities and transportation. Numbers below assume a 5% down, 30YrJumbo at 4% APR.

Your estimated payment
$30,602/mo

Real estate (PITI + HOA + PMI)
$32,237
Principal + interest$24,945
Property tax + insurance$5,229
PMI / 2nd mortgage$2,063
Utilities
$453
Heating + cooling$65
Internet + TV + phone$157
Water + sewer + garbage$58
Transportation
$98
Car insurance + maintenance$98
Other (entertainment)
$157
$30,602/mo TLC
Budget$31,102/mo
Remaining after TLC$500/mo
Purchase price
$5,500,000
Down payment
$275,000 (5%)
Loan amount
$5,225,000
APR
4%

Quick facts

Type
Single Family Residence
Style
Ranch
Year built
1988
Lot size
Stories
0
Heating
Electric Baseboard, Wood
Cooling
None
Water
Public
HOA
Annual tax
$3,288
MLS #
73203577
County
Nantucket

Home features

Appliances
Electric Water Heater
Community
Park
Parking
Off Street
Flooring
Wood
Roof
Wood
Sewer
Public Sewer

Lot features

Wooded

Neighborhood — 02554

MetricThis ZIPCountyUSA
Population10,6276,444,931299,088,112
Population Change Since199077.00%7.00%20.00%
Population Density190786
Male5,4643,127,134147,432,321
Female5,1633,317,797151,655,844
Never Married2,9861,612,88563,775,926
Married3,9462,586,314123,120,365
Separated413247,85712,639,686
Widowed393363,59415,467,586
Divorced1,070436,88823,075,029
Number Of House Hold3,3952,431,591111,826,380
Average House Hold Size2.912.562.60
Medial Age37.5337.2535.46
Median House Hold Income$65,508$57,698$48,276
Average House Hold Income$86,582$75,023$63,629
P C I$29,475$29,196$24,529
M D I$54,192$48,105$41,133
A T H E$63,297$57,083$50,898
S T R5.00%5.00%
W C J79.92%81.38%77.74%
(Zip) Code
2554

Data via Certihomes neighborhood index. Comparisons across this ZIP, county and the United States.

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MLSPIN

Listing information last refreshed 2/19/2024. Provided courtesy of the listing office via MLSPIN. Information deemed reliable but not guaranteed.