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The Nantucket Life

27 Cato LaneNantucket, MA 02554Price: $1,300,000

  • Price: $1,300,000
  • Est. Mortgage of $/month
  • 154 Days on Market
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$
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$/month over payments
Federal 30-year interest rate: 2.88% last updated on Sep 23, 2021
* All Figures are estimates. Check with your bank or proposed mortgage company for actual interest rates.
This product uses the FRED® API but is not endorsed or certified by the Federal Reserve Bank of St. Louis.
  • $1,300,000List Price
  • 0.51Acreage
Pending

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27 Cato Lane is a beautiful and lush 1/2 acre lot located in a highly desirable neighborhood just south of town. Located in R-20 zoning, the ground coverage equals 12.5% which equivocates to approximately 2,700 square feet on the ground.This premier lot is located on a quiet country lane and with land at a premium represents a solid buy. This treed lined residential neighborhood presents a terrific venue either for year round usage or as an investment property. The gold standard of town water and town sewer is available for tie in. Access for town water tie access is on the same side street/frontage onto Cato Lane.Town Sewer tie in also runs in front on Cato Lane albeit on the opposite side of the street......AND/OR you can tie into town sewer via the rear of the lot abutting Robert's Lane( dirt road) that runs behind the lot! Ten acres of conservation land are nearby which is an added bonus for a permanent visual appeal. Hiawasse Lane is two lots down and the last residential property to sell there was in December, 2020 at $ 2,395,000 to give one an idea of the potential at hand. Property is currently being scheduled to be staked and tagged. Owner prefers a November 1,2021 closing and will cooperate with signage to line up permits for a seamless transition November 1st, 2021.Various buildout scenarios such as a full basement/main house inclusive of first and second floor with a guest cottage or your dream home coexisting with a garage and living space above. In addition,open decks do not take away from the existing footprint and are an excellent way to enhance your outdoor living space. Now is the time for pen to meet paper for rendering your future home.

Property Details of 27 Cato Lane

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Listed by Paula Maloney of William Raveis Nantucket

Based on information submitted to MA_LINK as of September 27, 2021 . All data is obtained from various sources and has not been, and will not be, verified by broker or MA_LINK.  All information should be independently reviewed and verified for accuracy.  Properties may or may not be listed by the office/agent presenting the information. NOTICE: Many homes contain recording devices, and buyers should be aware they may be recorded during a showing.

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