Nantucket's Only Priced Sale In Deed Records Reaches $3.5 Million

NANTUCKET -- Eight property transfers were recorded at the Nantucket County Registry of Deeds between July 17 and Aug. 15, and only one of them listed a sale price: a $3,500,000 trust-to-trust transfer on Morey Lane.

MARKET OVERVIEW Of the eight deeds recorded during the period, only the July 17 sale of 47 Morey Lane listed a consideration amount, $3,500,000. Because that was the sole disclosed price in the dataset, it also stands as the low end, high end and median of the recorded price range. Seven of the eight transactions, or 88 percent, closed without a disclosed sale price, which is common in deed records and limits how much the raw data can say about overall price movement this period. Judged on transaction count alone, eight deeds were recorded in the roughly four-week span; the data available does not include prior-period figures for comparison.

TOP SALES The only transaction with a disclosed price was 47 Morey Lane, which sold July 17 for $3,500,000. Sellers Mark S. Webster, trustee, and James K. Cluverius, trustee, conveyed the property to Stephanie R. Waltrip, trustee of the Stephanie R. Waltrip Revocable Trust. The remaining seven deeds recorded during the period did not list a consideration amount: 35 Miacomet Avenue, sold July 20 by Cape Cod Five Cents Savings Bank to Nancy L. Hickman and Michael R. Edwards; 8 Cathcart Road (Lot 2), sold July 20 by Peter F. and Monica M. Campanella to Little Bell LLC; 7 East York Street, sold July 20 by Angelo Atsiknoudas to himself and Peter Atsiknoudas; 5 Manatook Way, sold July 20 by Debra A. and Robert J. Bechtold; 57 Somerset Road, sold July 21 by Somerset Road LLC; 15 Meadow Lane, sold July 17 by Paul Vigneau to the town of Nantucket; and an unaddressed Nantucket parcel sold July 21 by James B. Tartamella to the U.S. Internal Revenue Service.

NEIGHBORHOOD BREAKDOWN No two sales in the period shared a street name. Transactions were spread across Somerset Road, Miacomet Avenue, Cathcart Road, East York Street, Manatook Way, Morey Lane and Meadow Lane, plus one transfer listed only under a general Nantucket address with no street given. By price tier, only one transaction, 47 Morey Lane, is confirmed above $1 million; the price tier of the remaining seven sales cannot be determined from the available data.

MARKET NOTES Two of the eight transfers moved property among related parties rather than to unrelated buyers. At 7 East York Street, seller Angelo Atsiknoudas transferred the property to himself and Peter Atsiknoudas, who share a surname. At 47 Morey Lane, the property moved from two individual trustees to the Stephanie R. Waltrip Revocable Trust. One transaction involved a bank as seller: Cape Cod Five Cents Savings Bank conveyed 35 Miacomet Avenue to Nancy L. Hickman and Michael R. Edwards. One transaction involved a municipal buyer: the town of Nantucket acquired 15 Meadow Lane from Paul Vigneau. A separate deed recorded the U.S. Internal Revenue Service as buyer in a transfer from James B. Tartamella, with no street address or price disclosed in the available data. Bedroom, bathroom and square-footage figures were not available in any of the eight deed records, and the records do not specify whether the properties were single-family homes, condominiums or other property types.

Recorded Deeds

Source: Registry of Deeds. Sale amounts shown as recorded; transfers without a disclosed consideration are noted as such.

Compiled from official town feeds, community organizations, and local press. Outside reporting is attributed inline.