Only Two of 13 Lancaster Deed Transfers Carry a Posted Price

LANCASTER -- The Worcester County Registry of Deeds recorded 13 property transfers in Lancaster between July 3 and Aug. 1, but only two carried a posted sale price by the time records were compiled, leaving most of the month's transactions without dollar figures attached.

MARKET OVERVIEW

Thirteen property transfers were recorded in Lancaster during the period. One of those, at 79 Deershorn Road, involved nominal consideration under $10,000 and is not counted as a market sale. Of the remaining 12 transfers, only two show a recorded sale price: $50,000 and $500,000. The other 10 are listed as "price not yet available," which typically reflects the registry's normal lag in posting consideration amounts rather than any withholding by the parties involved. Because only two transfers carry a price, there is not enough data to calculate a median; that calculation requires at least three price points. The raw count of 13 recorded transfers is the figure available for the period; no prior-period data was provided for comparison.

TOP SALES

121 Nicholas Drive sold for $500,000 on July 7. The seller is listed as Phyllis Joan Lavita, also recorded as Phyllis Lavita Johnson, and the buyer is Clinton Savings Bank. A Lancaster property, address not specified in the deed record, sold for $50,000 on July 8. The sellers are listed as Christopher Adam O'Toole and Jessica O'Toole, with RCAP Solutions Financial Services Inc. as buyer. No other transfers in the period carry a posted sale price; the remaining 10 property transfers, including those at 289 Sterling Road, 329 Mill St., 29 Bennett Lane, 28 Fuller Ave., 303 Ponakin Road, 905 Brockelman Road, 7 Lawson Ave., 38 Seven Bridge Road, 136 High St. Ext. Unit 300, and 547 Neck Road, are all listed as price not yet available.

NEIGHBORHOOD BREAKDOWN

No street in this period's data had more than one recorded transfer, so there is no street-level clustering to report. By price tier, the two sales with recorded prices split across tiers: one at $50,000 (under $500,000) and one at $500,000 ($500,000 to $1 million). The remaining 10 transfers are spread across Sterling Road, Mill Street, Bennett Lane, Fuller Avenue, Ponakin Road, Brockelman Road, Lawson Avenue, Seven Bridge Road, High Street Extension and Neck Road, but cannot be placed into a price tier until consideration amounts post.

MARKET NOTES

Several of the recorded transfers list banks or lending entities as grantor or grantee: Citizens Bank NA and Michael Flatley at 329 Mill St.; Member Advantage Mortgage LLC and Robert P. Pessolano at 28 Fuller Ave.; Workers Federal Credit Union and Michael Crowley at 905 Brockelman Road; JPMorgan Chase Bank NA and Paul Malzone at 7 Lawson Ave.; and Clinton Savings Bank as buyer at 121 Nicholas Drive. The 303 Ponakin Road transfer lists Secured Investment High Yield Fund II LLC as seller and Equity Trust Cocustodian, FBO Than Aw Roth IRA, as buyer. The 79 Deershorn Road transfer, recorded with nominal consideration, lists Midland Credit Management Inc. as buyer. One property, 136 High St. Ext. Unit 300, is the only transfer in the period with a unit number attached to its address; deed records do not specify property type beyond that designation. No bedroom, bathroom or square-footage data are available from deed records for any property in this period, and with only two prices posted, no price-per-square-foot comparisons can be made.

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.