Peabody home sales span $319,000 to $855,000 with $627,500 median price

PEABODY -- Fourteen properties changed hands in Peabody between June 19 and July 18, with recorded sale prices ranging from $319,000 to $855,000 and a median of $627,500, according to deeds filed with the Essex County (Southern District) Registry of Deeds.

MARKET OVERVIEW

Of the 14 recorded transfers, 12 included a disclosed sale price. Those 12 prices ranged from $319,000 to $855,000, with a median of $627,500. The two undisclosed-price transfers were both same-family transactions: a trustee-to-individual transfer at 258 Lynn St and a transfer between two people with the same surname at 4 John Rd. Twelve of 14 sales closed within a two-day span, July 16-17, indicating a concentrated batch of recordings rather than an even spread across the month. Based on raw count alone, 14 recorded transfers in a four-week window is a moderate volume; the data does not include prior-period figures for comparison.

TOP SALES

The highest-priced sale was 19 Glen Dr, Lot 332, which sold for $855,000 on July 16. Diane S. Elefson, as trustee, sold the property to Ryan S. Noftle. At 47 Emerson St Ext, Lots 66 & 49, the 47 Emerson Street Extension Peabody Realty Trust sold to Sokol Bena for $804,000 on July 16. The 9 Tara Rd, Lot 38, property sold for $800,000 on July 17, with Georgia A. Kokoras selling to Patrick Dumas. At 5 Milk St Extn, Lot C, Mary N. Newhall, as trustee, sold to William Deroo for $735,000 on July 17. Rounding out the top five, 6 Rawding Rd, Lot 5, sold for $705,000 on July 16, with Justin M. Guanci selling to Holden L. Jackman.

NEIGHBORHOOD BREAKDOWN

No street in the dataset recorded more than one sale, so no street-level clustering emerged this period. By price tier, three sales closed under $500,000: 500 North St, Unit 4-C ($319,000); 24 Harris St, Unit A ($435,000); and 135 Russell St, Lot 408 ($455,000). Nine sales closed between $500,000 and $1 million: 12 Johnson Ave, Lot 51 ($504,500); 1100 Salem St, Unit 75 ($530,000); 1603 Huckleberry Ct ($625,000); 4904 Heatherwood Ln, Unit 4904 ($630,000); 6 Rawding Rd ($705,000); 5 Milk St Extn ($735,000); 9 Tara Rd ($800,000); 47 Emerson St Ext ($804,000); and 19 Glen Dr ($855,000). No sales in the dataset exceeded $1 million. The two remaining transfers, at 258 Lynn St and 4 John Rd, had no disclosed price and could not be placed in a tier.

MARKET NOTES

No square-footage or bedroom/bathroom data accompanies these deed records, so no price-per-square-foot comparison is possible. Four of the 14 recorded deeds carry unit designations -- 4904 Heatherwood Ln Unit 4904, 1100 Salem St Unit 75, 24 Harris St Unit A, and 500 North St Unit 4-C -- indicating condominium sales; deed records do not specify property type for the remaining transfers. Two transfers appear to be within the same family based on shared surnames or trustee arrangements: 258 Lynn St, where Eileen M. Finnegan, as trustee, transferred the property to Eileen M. Finnegan individually, and 4 John Rd, where William C. Teague transferred the property to William R. Teague. Separately, William Deroo appears on both sides of the market this period: he was the buyer of 5 Milk St Extn ($735,000) and, under the name William J. Deroo, the seller of 12 Johnson Ave ($504,500).

Recorded Deeds

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

Jul 13 - Jul 19

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