$2,635,000
3 Cherry St, Nantucket 02554
AddressIntel AI Briefing
With an asking price sitting 13% below the neighborhood comp basis, this property offers a viable opportunity to capture the island's turnkey premium through an expedited interior renovation. Avoiding the lengthy Historic District Commission review by focusing strictly on internal updates will minimize carrying costs and maximize execution speed. This potential is inferred from pricing and time on market rather than from any inspection.
Property Permit History
Recent Neighborhood Remodeling (Nantucket)
Parcel & Zoning Info
Hazard Snapshot
Flood Zone
Fire Severity
Liquefaction
Fault Zone
Not a substitute for a Natural Hazard Disclosure (NHD) report. Zones reflect available GIS data and may not cover all localities. Liquefaction and fault flags: modified from California Geological Survey, Web Service of Official Maps of Alquist-Priolo Earthquake Fault Zones and Web Service of Official Maps of Seismic Hazard Zones (2025).
Proprietary Intelligence
Market Heat Index
0/100
Based on recent sales velocity and local demand in 02554.
Flippability Score
72/100
Measures neighborhood renovation density vs. recent permits on this property.
Bidding War Prob.
0%
Likelihood of multiple offers based on local list-to-sale ratios and DOM.
Proforma ROI Calculator
Back-of-the-napkin deal analysis across development strategies.
Median of 12 recent single-family sales in Nantucket (02554): $1,896/sqft, plus 5% because new houses sold at a median 1.07x their comps across 239 real rebuilds. Sized within 25% of the 3,500 sqft build, because smaller houses sell for more per foot and pricing a rebuild off them overstates resale.
Commission, transfer tax and closing. Deducted from resale before profit, so the ROI below is net of the exit rather than gross.
Interest on the purchase price for the whole project plus half the build budget, since construction draws ramp up. The default is 7% over 33 months, the median purchase-to-sale time of 239 real Peninsula and South Bay rebuilds. Set the rate to 0 for a cash purchase, or use your own lender's terms.
Projected Profit
Recent Comparables (Nantucket 02554)
Sized to the modelled 3,500 sqft build: sales within 25% of it. Smaller houses sell for more per foot, so pricing a rebuild off them overstates resale.