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JPFCO

Nantucket Real Estate Updates

Apr 1, 2016       Issue: 330

J Pepper Frazier Company
Nantucket's Old North Wharf
 
 New Listings VIEW ALL

Jul 26, 2017

Cliff
$5,975,000

Jul 26, 2017

Town
$4,945,000

Jul 25, 2017

Town
$2,495,000

Jul 25, 2017

Town
$895,000
 
 Recently Sold VIEW ALL 

Jun 22, 2017

Mid Island
$930,000

Jun 26, 2017

Town
$5,585,000

Jun 26, 2017

Cliff
$2,450,000

Jun 16, 2017

South of Town
$325,250
 

GROUND NOTES FROM DALTON
  Think Backgammon

Recently a property came for sale that abuts one of my clients. I called him and told him he should strongly think about buying it. He said, okay, I'm not really in the market to buy another property but even if I was, why don't I just buy the property across the street for a little bit more money that has a better view. I told him, controlling the abutting property will put him in a much better position than controlling two properties with a street in between. It will give him more flexibility with what he can do on his property, it will give him control of what happens next to him and if and when he goes to sell, it will give him more options; to him, the whole will be more than the sum of the parts.

Think backgammon - you want to control two abutting points more than two non-abutting points. It cuts your competitors options off and puts you in a much stronger position. Fortunately he plays backgammon - he bought the property.
 
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LET'S MAKE IT HAPPEN WITH PEPPER II
  A New JPFCO Baby Boy

There is one thing that I will always say and that is I am happy for the good life that I live!!!

I am very happy to let the world know that team JPFCO made it happen again by bringing a baby Boost into the world. Thank You Nicola and Booster for bringing August Gregory Gatto into this world for Us to enjoy and continue the legacy of making deals happen all day and every day on ACK. Love you tree aka three. As always onto the next one and may it be a JPFCO one :-)
 
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RENTAL MARKET UPDATE
  Attention Home Owners...Wine Festival 2016

J Pepper Frazier Company is pleased to be one of the sponsors for the Nantucket Wine Festival. Part of our sponsorship includes sourcing housing for some of the finest Chefs and Vintners from around the country to stay on Nantucket during the week of May 16 - May 23. If you might be interested in donating your house or offering it at a reduced rate, please let us know. We need houses in Town, or Brant Point only. In exchange for housing, we handle the cleaning and offer tickets to the Wine Festival. The tickets enable our Home Owners to attend many of the fantastic events throughout the weekend including The Harbor Gala, Grand Tasting, and a coveted wine dinner!

Please call the office at 508-228-3202 and ask for Jenny G or Ashelee for more information.
 
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FEATURED LISTING
2 Brooks Farm Road $5,350,000

Spectacular modern farmhouse estate nestled on a quiet cul-de-sac within easy distance of Town, Steps Beach, and the Westmoor Club. Conceived and built by Hanley Development and designed by BPC, no detail was overlooked and no expense was spared in the execution of this must-see property. Offered turn-key and furnished, and complete with a pool and garage/cabana, 2 Brooks is perfect for buyers looking for a "generational" Nantucket home for their family.
  2 Brooks Farm Road 
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NANTUCKET REAL ESTATE NEWSWIRE
» Nantucket Film Festival to Honor Oliver Stone
» Nantucket's Gold Standard in Real Estate
» Sewers & Housing Tops Town Meeting Agenda
» Nantucket Dreamland Foundation Brings Annie Kids to Their Main Stage
 

NOTES FROM PEPPER THE ELDER
  Nantucketopoly

Real Estate? Some people pick it up naturally. Some study and for others it is a combination of the two. Of course, you have to know zoning and local customs and ordinances.

Donald Trump (say what you will about him) says the single greatest real estate learning tool he had was Monopoly. I sure hope he plays Monopoly better than he writes. 'The Art of the Deal' reads like it was written by a 10 year old and not a very bright one either. But I do see the benefit of Monopoly: Collecting rents, accumulating properties and avoiding over-paying. In Monopoly, just as in real life, the upscale properties are the way to go. You're not going to bankrupt anyone collecting rents on Baltic and Mediterranean Aves, but Park Place and Boardwalk is another story. It's hackneyed to say I know, but the name of the game is still Location. Location. Location. It's easier in places like Nantucket and Boca Grande where there really aren't any 'bad' areas.

So go with the flow mate and buy the good stuff.
 
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One of the oldest and most experienced nantucket real estate
JPFCO | 19 Centre Street Nantucket, MA 02554

Call Us: (508) 228-3202