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$1M on Nantucket: a One Bedroom Cottage in Old Madaket

Where: 4 A Street, Nantucket
Sale Price: $1,014,950
Sale Date: November 28, 2012
Bedrooms/Baths/Sq. Ft.: 1/1/861
Lot Size: .43
The Skinny: This one story Nantucket cottage in Old Madaket last changed hands in October 2005 for $1,731,250. Built in 1920, the one bedroom, one bath with views of Hither Creek and Nantucket Sound has a four bedroom septic in place, making expansion a likely possibility. The property returned to market in March 2009 asking $1.95M. An August pricechop brought the listing down 33% to $1.295M. Ouch. The mega-chop lured in a buyer by November and the deal closed for $1,014,950.
· Listing: 4 A Street, Nantucket [Zillow]