Price range spans $51,000 to $1.1 million as median sale hits $530,000

LYNN -- Fourteen properties recorded deeds in Lynn over the four weeks ending July 25, with sale prices ranging from $51,000 to $1,115,000 and a median of $530,000 among the 11 transactions that disclosed a price.

MARKET OVERVIEW Eleven of the 14 recorded deeds included a sale price; three did not. Prices ranged from $51,000 for 34A Essex St to $1,115,000 for 55-57 Cedar St, with a median sale price of $530,000. The raw count of 14 recorded transactions in a four-week span reflects a modest but steady pace of activity; the data does not indicate whether this represents an increase or decrease from prior months.

TOP SALES The month's highest-priced transaction was 55-57 Cedar St, which sold for $1,115,000 on July 23; Cedar Reservoir LLC sold the property to Nathalie Kallab Racimo. Close behind, 154-156 Tracy Ave Lot 452 sold for $1,100,000 on July 23, with the estate of Annette E. Crowe selling to Aleski Camilo. The third-highest sale was 7 King St Lot 3, which went for $969,000 on July 24, sold by James W. Sexton to Amanda Zink. Rounding out the top five, 36 Basse Cir Lot 16 sold for $660,000 on July 23, with Stuart A. Conti selling to Judith Morel, and 38 Fays Ave Lot A sold for $550,000 on July 24, with the Atkinson Family Funding Trust selling to Nicolas Blaisdell.

NEIGHBORHOOD BREAKDOWN No street had more than one recorded sale this period, so transactions are grouped by price tier. Under $500,000: five sales, including 23 Wolcott Rd Unit 23 ($499,000), 48 High Rock St Unit 1 ($475,500), 150 Lynnway Unit 503-II ($343,000), a property recorded without a listed address ($265,000), and 34A Essex St ($51,000). Between $500,000 and $1 million: four sales, led by 28 Tower Ave ($530,000), plus 38 Fays Ave Lot A, 36 Basse Cir Lot 16 and 7 King St Lot 3. Above $1 million: two sales, 154-156 Tracy Ave Lot 452 and 55-57 Cedar St.

MARKET NOTES Bedroom, bathroom and square-footage figures were not available from the deed records for this period. Several transactions involved unit or lot numbers indicating condominium sales, including 38 Fays Ave Lot A, 23 Wolcott Rd Unit 23, 48 High Rock St Unit 1, 150 Lynnway Unit 503-II, 40A Oakland Ave Unit 40A, and 36 Basse Cir Lot 16. Three transactions were transfers within the same family or individual rather than sales to a new party: Chanel P. Gutierrez to Chanel P. Gutierrez as trustee at 9 Chatham St, Kelly Elisha Trecartin to Kelly E. Trecartin as trustee at 40A Oakland Ave, and Maria Lopez to Maria Lopez at 55 Shepard St; none of these three disclosed a price. Limited liability companies appeared on both sides of the market: Ephesus LLC bought 28 Tower Ave, JBD Real Est Hol LLC bought 34A Essex St, and Cedar Reservoir LLC sold 55-57 Cedar St, the period's highest-priced transaction. The estate of Annette E. Crowe was recorded as seller on the Tracy Avenue sale, and the Atkinson Family Funding Trust was recorded as seller on the Fays Avenue sale.

Recorded Deeds

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

Jul 20 - Jul 26

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