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JPFCO

Nantucket Real Estate Updates

Feb 1, 2018       Issue: 380

J Pepper Frazier Company
Snowy Sankaty
 
 New Listings VIEW ALL

Jan 31, 2018

Sconset
$2,850,000

Jan 30, 2018

Town
$3,750,000

Jan 29, 2018

Madaket
$1,250,000
 
 Recently Sold VIEW ALL 

Jan 31, 2018

Polpis
$6,200,000

Jan 31, 2018

Cliff
$5,500,031

Jan 31, 2018

West of Town
$1,755,000

Jan 31, 2018

Town
$1,525,000
 

GROUND NOTES FROM DALTON
  Nantucket County, Commonwealth of Taxachusetts

I've had many people ask me how the lowered real estate tax deduction would affect the market on Nantucket. Most people had the assumption that it would have a negative impact on the market. However, I think the opposite - it will have a positive impact. Although Nantucket is part of the Commonwealth of Taxachussets, the Nantucket real estate tax rate is $3.53/$1,000 or, no calculators, .353%, of assessed value for FY18 - one of the lowest mill rates in the country (another reason to own a piece of the Rock)! So, your property would have to be assessed over $2,832,861 to go over the allowed deduction. Whereas in Suffolk County, NY (Hamptons), the rate is approx. $22/$1,000. So, your property would hit the limit at approx. $454,000 of assessed value. People don't like taxes, but like vacation homes. Hmmm...
 
 

LET'S MAKE IT HAPPEN WITH PEPPER II
  We make it Happen

What a wonderful world we live in. The Buyers are psyched, the Sellers are psyched. We make it happen so let's make it happen!!!
 
 

RENTAL MARKET UPDATE
  Summer Rentals

Still looking for your 2018 rental? There are still many fantastic options available in various island locations and price points! Start by viewing a few choices below or browse numerous options to fulfill your wish list on our website

Enjoy Ocean Views and breezes from both floors of this SCONSET house and cottage: 31 Baxter Road July Availability at $25k per week! 5 bed / 6 bath house & cottage on the bluff! Ocean views and just steps from the beach! Owner will accept ONE dog and will include a JEEP with rentals!

Experience the ease and convenience of IN TOWN living: 11 Hussey Street $20k per week with July & August availability! 6 bed/6 bath, newly restored historic home! Bright and spacious!

26 Pine Street $12.5 per week, with July & August availability! Beautiful and thoughtfully renovated and located in the heart of downtown! 5 bed /4.5 baths with high-end kitchen, central a/c and covered front and back porches!

Comfort and elegance meet in TOM NEVERS, 100 Tom Nevers Road $38K per week with July & August availability! Experience this luxurious and spacious estate! Light-filled, 6 bed/4 bath house & guest Ccottage. Spectacular ocean views, pool, hot tub and expansive yard!
    31 Baxter    11 Hussey    26 Pine    100 Tom Nevers  
 
FEATURED LISTING
26 Quidnet Path $5,295,000

Sweeping views of ocean, Sankaty and Sesachacha from sparkling new construction on a secluded road. Walk to beach on private deeded right of way. Open floor plan home with memorable first floor cathedral great room and master suite with wide plank white Oak floors throughout. Impressive glass and steel staircase, sophisticated color palette, and many architectural details and design. The bath and kitchen finishes lend a modern air to this beach house. Oversized garage, Pebble Tec pool and lovely stonework/ hardscape with room for a 2BR cottage complete this memorable offering.
  26 Quidnet Path 
 
NANTUCKET REAL ESTATE NEWSWIRE
» Bill Belnichick on Nantucket
» Upscale health club ends with agreement in Superior Court
» Cape Wind Abandons Nantucket Sound Plan
» More Minor Flooding
 

NOTES FROM PEPPER THE ELDER
  Your Title Here

I watched the President's first State of the Union with more than a modicum of interest, Would He be petty? Would He be wildly partisan? Would He be vulgar? Would He be bombastic? All unappealing traits, to which he descends all too often. The answer to all those questions is a Body-Slamming No! He was extremely conciliatory to the other side of the aisle? Was he correct about trumpeting his achievements? Did He behave Presidential (Something I think he finds very difficult due to his over-sized ego)? A resounding Yes. On the other hand Young Joe Kennedy III was also very impressive and, I think, a super star in the making, which is good thing because if the Democrats keep trotting out 'tired hags' like Chuck Shummer, Nancy Pelosi, and if you'll pardon the expression, Maxine Waters. And if you don't, I'll understand.

Not that the Republicans are exempt. Are you kidding me? Mitch the 'Turtle' McConnell and the preposterously stupid John McCain. No, I'm not forgetting the aptly named Jeff Flake. So, that's it in a nut-shell (double entendre intended). Who would have thunk that we'd long for the days of Charlie Rangel, and Wilbur Mills along with his much more intelligent side- kick Mr. Ed. It's a wrap. Next time the white hot Sarasota real estate market.
 
 
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