Melrose Median Sale Price Reaches $925,000 Amid Trust Transfer Wave

MELROSE -- A property transfer recorded at $1,515,000 was the costliest deed filed in Melrose over the past month, even as most of the period's recorded transfers showed no price, reflecting the registry's typical lag rather than any effort to withhold figures.

MARKET OVERVIEW The South Middlesex Registry of Deeds recorded 17 property transfers in Melrose between Sept. 18 and Oct. 17. Six of those carried a recorded sale price, ranging from $226,777 to $1,515,000, with a median of $925,000 among the priced transactions. The other 11 transfers have no price yet on file, which typically appears within about a week of recording. Based on the raw count of 17 filings over roughly five weeks, the period shows a measurable volume of recorded activity, though price data is incomplete for the majority of transfers.

TOP SALES A property in Melrose sold for $1,515,000, the highest recorded price this period. The seller was listed as Mary E Crowther Revocable Trust and Rice Maureen E Tr; the buyer was Jin Xing. 250 Tremont St. sold for $975,000. The seller was Tremont LLC; the buyers were Chalise Prakash and Chalise Sarita Poudel. 50 Conrad Rd. sold for $950,000. The sellers were Carol J. Schena and the Schena Family Trust; the buyers were Lia R. Limone and Brandon C. Hamner. 188 Florence St. sold for $900,000. The sellers were George J. Proakis and Lisa Loveland; the buyers were Felicitas J. Bijari and Kayvan Bijari. 340 Main St., Unit 709, sold for $330,000. The seller was Chani Chowdhary; the buyer was Mirana Gustowski.

NEIGHBORHOOD BREAKDOWN Main Street accounted for three of the month's 17 transfers, including two condominium unit sales in the same building at 340 Main St. and a family trust transfer at 1103 Main St. Florence Street saw two transfers: 188 Florence St. sold for $900,000, while 184 Florence St. shows no recorded price and involved a transfer between family members. Upham Street also had two transfers, at 486 Upham St. and 93 Upham St., neither with a price yet on file. By price tier, two condo sales fell under $500,000 (both at 340 Main St.), three single-family sales fell between $500,000 and $1 million, and one transfer exceeded $1 million.

MARKET NOTES The two lowest recorded prices this period, $226,777 and $330,000, both involved condominium units at the same address, 340 Main St., suggesting turnover within that building. Of the 11 transfers without a recorded price, 10 involved matching family names or a shift from individual ownership into a trust, including transfers at 8 Meridian St. and 90 Park St. (Fuller family), 93 Upham St. (Pirrello family), 26 Sheffield Rd. (Sierak family), 248 E. Foster St. (Twomey family), 180 Green St., Unit 411 (Belew family), 241 Porter St. (Alessandro family), 143 Laurel St. (Balian family), 184 Florence St. (Garfinkle family) and 1103 Main St. (Arslan living trust). Only one no-price transfer, at 486 Upham St., involved a sale to an unrelated buyer, Gracie Hubert LLC, from sellers listed as Brittany L. DeSantis and Brittany DeSantis.

Recorded Deeds

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

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