North Reading Median Hits $627,200 as Condo and Single-Family Sales Fill June Pipeline
NORTH READING -- A $7.275 million deed transfer at 97 Main St. dominated North Reading's June recording period, while the Martin's Landing condominium development continued to generate steady residential transaction volume across multiple units.
- MARKET OVERVIEW
- Deeds recorded between May 31 and June 29 totaled 20 transactions, of which 13 carried disclosed sale prices. Among those 13, prices ranged from $335,000 at 36 Main St. Unit 1 to $7.275 million at 97 Main St. The median sale price across the 13 disclosed transactions was $627,200. Seven transfers recorded no consideration amount, a common pattern in deed data that often reflects trust reorganizations and intra-family conveyances rather than arm's-length sales. Setting aside the 97 Main St. commercial outlier, the 12 remaining disclosed residential and condo transactions ranged from $335,000 to $1.54 million, with a mid-market cluster concentrated in the $580,000 to $630,000 range at Martin's Landing.
- TOP SALES
- The month's largest recorded transfer was 97 Main St., which sold June 3 for $7.275 million; seller Rehold North Reading LLC conveyed the property to Believe Monarch LLC. The nature of the property — commercial, mixed-use, or otherwise — is not specified in deed records. The second- and third-highest transactions were single-family home sales: 18 Duane Dr. sold June 1 for $1.54 million, with Catherine M. Roesch and Mark C. Roesch as sellers and Michael Bozzi and Vanessa Ferranto as buyers. On June 10, 19 Turner Dr. changed hands for $1.5 million; Carol L. Holmes and Cornelius F. Holmes sold to Elizabeth D. Covington. Rounding out the top tier, 14 Meade Rd. sold June 10 for $872,500, with seller Marylou Lemieux conveying to William N. Romov and Amanda C. Richards, and 1 Chestnut St. sold the same day for $859,000 from Margaret A. Robinson to Peter McDonald and Courtney Dampolo.
- NEIGHBORHOOD BREAKDOWN
- Martin's Landing accounted for five disclosed-price condo sales in June — at 260 Martins Landing Unit 508 ($620,000), 320 Martins Landing Unit 208 ($581,370), 230 Martins Landing Unit 4209 ($490,000), 220 Martins Landing Unit 309 ($627,200), and 300 Martins Landing Unit 305 ($630,000) — making it the most active single address cluster in the period; a sixth Martin's Landing unit (320 Martins Landing Unit 2502) transferred without a disclosed price. Main Street generated two disclosed sales at opposite ends of the spectrum: 97 Main St. at $7.275 million and 36 Main St. Unit 1 at $335,000, the period's lowest recorded price. The remaining single-family sales — Duane Drive, Turner Drive, Meade Road, and Chestnut Street — all fell between $859,000 and $1.54 million, forming the market's upper residential tier. One sale (recorded June 4) lacked a street address in the deed data; it closed at $405,000 and is included in overall statistics but cannot be assigned to a neighborhood.
- MARKET NOTES
- Seven of the 20 recorded transfers show the same individual or entity appearing on both sides of the transaction in trustee or LLC form, consistent with trust establishment or asset reorganization rather than market sales; these include transfers at 4 Berridge Way, 4 Aspen Rd., 14 Melville Rd., 84 North St., and 409 Park St. Notably, the Barros family names appear on both 4 Aspen Rd. and 14 Melville Rd. on the same date, suggesting a coordinated transfer of two properties into trust. Pulte Homes of New England LLC appeared as seller in two Martin's Landing transactions, indicating new-construction or builder inventory activity within that development. The buyer at 14 Meade Rd., Marylou Lemieux, also appears as the seller of 300 Martins Landing Unit 305 on the same date, a same-day transaction pairing that may reflect a move from a condo to a single-family home, though no motivation can be confirmed from deed data alone.