Stoneham's Priciest August Sale Reaches $1.26 Million on Concord Road

STONEHAM -- Twenty property transfers were recorded in Stoneham between Aug. 7 and Sept. 5, but only six deeds disclosed a sale price, ranging from $252,000 to $1,260,000 with a median of $802,500 among those six.

MARKET OVERVIEW The registry recorded 20 property transfers in Stoneham during the period, but sale prices were disclosed in only 6 of them. Among those six, prices ranged from $252,000 to $1,260,000, with a median of $802,500. The remaining 14 transfers, including deeds into family trusts and one transfer to a nonprofit organization, did not include a consideration amount. Because 70% of recorded transfers lack price data, the disclosed figures should not be read as a complete picture of the local market; the raw count of 20 transfers indicates a period of active recording activity at the registry, regardless of how many involved arm's-length sales.

TOP SALES 5 Concord Rd. sold for $1,260,000 on Aug. 7, the highest disclosed price of the period. The seller was Cynthia A. Masi, trustee, and the Edward R. Masiello Revocable Trust; the buyers were Louis and Elisa Petrella. 597 Main St. Unit B6 sold for $899,900 on Aug. 13. Sellers Peter Sheehan and Joan Daly transferred the unit to Christopher A. and Cindy B. Wassif. 66 Spring St. sold for $820,000 on Aug. 13. Sellers Robert J. Day and Robert Day transferred the property to Luke Tomaszko and Lauren Gagne. 40 Wright St. sold for $785,000 on Aug. 13. The seller was Linda A. Canavan, trustee of the Canavan Family Irrevocable Trust; the buyer was Kenneth Celano. 159 Main St. Unit 11C sold for $420,000 on Aug. 18. Sellers Cynthia Collins and Richard Conte, both trustees, transferred the unit to Robert Amerault.

NEIGHBORHOOD BREAKDOWN Main Street had the most recorded activity, with three condominium unit transfers during the period: 159 Main St. Unit 11C ($420,000), 68 Main St. Unit 47C ($252,000) and 597 Main St. Unit B6 ($899,900). Pond Street and Beacon Street each had two recorded transfers. By price tier among the six disclosed sales: two sold under $500,000 (both Main Street condo units), three sold between $500,000 and $1 million, and one, 5 Concord Rd., sold above $1 million.

MARKET NOTES Of the 20 recorded transfers, 12 involved a grantor and grantee sharing the same surname, consistent with transfers into family or individual trusts rather than open-market sales; deed records do not include a stated reason for these transfers. One transfer, 104 Pond St., moved from the Spadafora family to the Southern New England Conference Association with no price disclosed. John M. and Leslie A. Macone appear as both sellers and trustee-buyers on three separate properties recorded the same day, Aug. 12: 42 Pond St., 21 Melba Ln. and 89 Hancock St. Unit F. Five of the 20 recorded transfers involved condominium units (159 Main St. Unit 11C, 133 Franklin St. Unit 501, 68 Main St. Unit 47C, 597 Main St. Unit B6, and 89 Hancock St. Unit F); the rest were single-address property transfers. No square footage or bedroom/bathroom data is available from deed records for this period.

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.