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ActiveCondo

$1,695,000

5A Evergreen Way, Nantucket 02554

Beds2
Baths2
Sqft900
DOM15
No Photos Available

AddressIntel AI Briefing

With an asking price significantly above the neighborhood comp basis, this property likely requires no immediate work, offering minimal headroom for an interior renovation and resale play. To bypass lengthy historic district reviews and optimize cycle times, any potential strategy would need to focus exclusively on fast interior updates rather than structural changes. This entry is inferred from pricing and time on market rather than from any inspection.

Property Permit History

No permit history found directly associated with this property's address.

Recent Neighborhood Remodeling (Nantucket)

Parcel & Zoning Info

APN--
Official Lot Sqft--
Zoning Code--
SB 9 StatusBlocked

Hazard Snapshot

Flood Zone

None
No data available.

Fire Severity

None
Not in a mapped state fire severity zone.

Liquefaction

No data
Seismic data unavailable.

Fault Zone

No data
Seismic data unavailable.

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

12/100

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 9 recent condo sales in Nantucket (02554): $960/sqft, plus 5% because new houses sold at a median 1.07x their comps across 239 real rebuilds. Sized within 25% of the 1,400 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.

Hard Costs$770,000
New Build1,400 sqft
Total Capital Required$2,640,000
Estimated Resale (ARV)$1,411,200
Cost of Sale (5%)-$70,560
Carry (33mo @ 7%)-$417,244
Net Proceeds$923,396

Projected Profit

-$1,716,604
-65.0% ROI

Warning: Project is mathematically underwater.

Recent Comparables (Nantucket 02554)

Sized to the modelled 1,400 sqft build: sales within 25% of it. Smaller houses sell for more per foot, so pricing a rebuild off them overstates resale.

25 Park Cir # B

Sold
$999,500
Sold: 2025-11-12
Lot: -
Sqft: 1196
$/Sqft: $836

3 Park Cir # B

Sold
$980,000
Sold: 2025-09-10
Lot: -
Sqft: 1463
$/Sqft: $670

8 Cliff Rd

Sold
$1,799,000
Sold: 2025-08-29
Lot: -
Sqft: 1112
$/Sqft: $1,618

118 Orange St Ste B

Sold
$3,100,000
Sold: 2025-08-21
Lot: -
Sqft: 1450
$/Sqft: $2,138

5 Step Ln # B

Sold
$1,400,000
Sold: 2025-06-30
Lot: -
Sqft: 1458
$/Sqft: $960

1 Park Cir # A

Sold
$1,195,000
Sold: 2025-05-01
Lot: -
Sqft: 1346
$/Sqft: $888

6 Stone Barn Way

Sold
$3,450,000
Sold: 2025-01-24
Lot: -
Sqft: 1450
$/Sqft: $2,379

13 Willard St # C

Sold
$3,600,000
Sold: 2024-12-05
Lot: -
Sqft: 1481
$/Sqft: $2,431

6 Beach Grass Rd # B

Sold
$306,500
Sold: 2024-11-29
Lot: -
Sqft: 1415
$/Sqft: $217