Otis Price Data Stays Thin Even as Property Transfers Reach Fourteen

OTIS -- Fourteen property transfers were recorded in Otis between June 26 and July 25, but only three carried a confirmed sale price by the time records were compiled, with the highest confirmed sale reaching $799,000 on Ridge Avenue.

MARKET OVERVIEW Of the 14 transfers recorded during the period, three had sale prices on file, ranging from $250,000 to $799,000, with a median of $675,000 among those three. Four transfers were nominal-consideration transfers to the Otis Town Collector of Taxes and are not counted as market sales. The remaining seven transfers show price not yet available. With only three priced sales out of 14 recorded transfers, the raw count suggests meaningful activity, but the market's price picture for the period is incomplete based on available data.

TOP SALES 236 Ridge Ave sold for $799,000 on June 30. The sellers, Albert Gabbay TR and Caryl S Gabbay TR, transferred the property to John R Loveland and Erin A Loveland. 213 Brookman Dr sold for $675,000 on June 29, with Daniel Ellis selling to Peter J Pappas. 87 North St sold for $250,000 on June 29; James Troiano and James Paul Troiano transferred the property to Lee Bank.

NEIGHBORHOOD BREAKDOWN Among the three priced sales, no street repeats, so no street-level cluster emerges from confirmed sale prices. By price tier: one sale fell under $500,000 (87 North St, $250,000), and two fell in the $500,000-$1 million range (213 Brookman Dr at $675,000 and 236 Ridge Ave at $799,000). South Main Road saw two separate transfers during the period: 92 South Main Rd, a nominal-consideration transfer to the town tax collector, and 93 South Main Rd, a transfer from Lee Bank to William H and Diane L Dyer with price not yet available.

MARKET NOTES Four of the 14 recorded transfers, at McIntosh's former property, 92 South Main Rd, 201 Tyringham Rd and 116/2 Club House Dr, were nominal-consideration transfers to the Otis Town Collector of Taxes and are not market sales. Several other transfers appear to involve the same family moving ownership into a trust: 476 Pine Rd (Boyea to Boyea TR), 91 Pike Rd (Descoteaux to Descoteaux TR and Pike Road Nominee Trust), and 12 South St (Kaiser sellers to a buyer entry including "Karen Trust"). Two transfers involved lenders as a party: Greylock Federal Credit Union sold 1350 S Main Rd to Logan and Andrew P Broggi, and Lee Bank was both a buyer (87 North St) and a seller (93 South Main Rd) during the period. No bed, bath or square-footage data was available for any property in this dataset, so no price-per-square-foot comparisons can be made, and no property type breakdown (single-family, condo, multi-family) can be determined from the records provided.

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.