Only Two of Twelve July Paxton Property Transfers Disclose a Sale Price

PAXTON -- Twelve property transfers were recorded in Paxton at the Worcester County Registry of Deeds between July 3 and Aug. 1, but only two listed a disclosed sale price, limiting what can be said about the town's broader market activity this period.

MARKET OVERVIEW

Twelve deeds were recorded during the period. Of those, two disclosed a sale price, ranging from $75,000 to $310,000, with a median of $192,500 based on the two disclosed transactions. The remaining 10 records did not include a consideration amount, which is common for certain deed types, including bank and mortgage-related transfers. With price data available for less than a fifth of recorded transactions, the raw count of 12 deeds cannot be characterized as an active or quiet period in terms of dollar volume; it can be said only that transfer activity, by count, continued at a steady pace through the four-week period.

TOP SALES

The two transactions with disclosed prices were

57 Pleasant St., which sold for $310,000 on July 6. The sellers were Michael and Linda Depanian; the buyers were United Wholesale Mortgage LLC and Mortgage Electronic Registration Systems Inc.

A Paxton property, listed in records without a specific street address, which sold for $75,000 on July 13. The sellers were Andrew R. and Natalie S. Layte; the buyer was Baxter Credit Union.

No other transactions in this period disclosed a sale price, so a fuller ranking of top sales cannot be reported.

NEIGHBORHOOD BREAKDOWN

Pleasant Street saw three of the 12 recorded transfers during the period: 727 Pleasant St. (July 14), 57 Pleasant St. (July 6) and 662 Pleasant St. (July 6). No other street had more than one recorded transfer in this dataset. By price tier, both disclosed sales -- $75,000 and $310,000 -- fall under the $500,000 mark; price tier information is not available for the remaining 10 properties, whose sale prices were not disclosed.

MARKET NOTES

Property type and square footage were not available in the deed data reviewed for this period, so no price-per-square-foot or property-type comparisons can be reported.

Several of the recorded transfers listed banks, credit unions or mortgage-related entities as a grantor or grantee rather than individual buyers or sellers. These included Mortgage Electronic Registration Systems Inc. (paired separately with Fairway Independent Mortgage Corp. and with Rocket Mortgage LLC), Country Bank for Savings, Digital Federal Credit Union, Bay State Savings Bank, JPMorgan Chase Bank NA, United Wholesale Mortgage LLC and Baxter Credit Union. Transfers involving these entities appeared at 17 Walbridge Rd., 9 Forestdale Rd., 11 Pierce Cir., 8 Burtenmar Cir., 4 Crestwood Rd., 662 Pleasant St., 57 Pleasant St. and the unaddressed Paxton parcel sold for $75,000. The deed data does not specify the nature of these transfers, and no motivation is inferred here.

One transfer, at 9 Cutler Rd. on July 9, moved from the Kathleen M. Glass Revocable Trust to Kathleen M. Glass as trustee -- a within-family or within-individual trust transfer rather than a sale to an outside party. No sale price was disclosed for this transaction.

Because 10 of the 12 recorded transfers in this period lacked disclosed sale prices, readers should treat the market overview figures above as reflective of a small subset of the month's activity rather than the full scope of property value movement in Paxton.

Recorded Deeds

Source: Registry of Deeds. Sale amounts shown as recorded; transfers without a disclosed consideration are noted as such.

Jul 6 - Jul 12

Jul 13 - Jul 19

Compiled from official town feeds, community organizations, and local press. Outside reporting is attributed inline.