Marion's five priced sales this month top out at $1.375 million

MARION -- Nine property transfers were recorded in Marion between June 26 and July 25, with five carrying disclosed sale prices ranging from $595,000 to $1,375,000. The remaining four were nominal-consideration transfers, typically associated with trusts rather than open-market sales.

MARKET OVERVIEW

Five of the nine recorded transfers included a sale price, ranging from $595,000 to $1,375,000, with a median of $975,000 among those five. The other four transfers were recorded for nominal consideration, commonly a sign of a trust or estate restructuring rather than a market sale, and are not included in the price range or median. With nine total recorded transfers in a month, including both priced sales and nominal transfers, activity appears moderate based on the raw count; the data does not provide a basis for comparison to prior periods.

TOP SALES

The highest-priced sale was 174 Cross Neck Road, which sold for $1,375,000 on June 26. The seller was listed as Barrett A. Levenson and Alexandra T. Woodruff; the buyer was Tyrone F. Pike, trustee, and the Survivors Trust.

4 Olde Logging Road sold for $1,000,000 on June 26. The seller was listed as Joseph Reardon and Holly Mayfield; the buyer was Adam C. Robert and Kaitlin L. Robert.

490 Point Road sold for $975,000 on July 2. The seller was listed as Laura Tobin, trustee, and Laura Ketchum, trustee; the buyer was James Spader, trustee of the James Spader Living Trust.

492 Delano Road sold for $610,000 on June 26. The seller was listed as Peter L. Borsari, trustee and attorney; the buyer was Samantha Petrosino and Alexander Petrosino.

285 County Road sold for $595,000 on June 29. The seller was listed as Dmytro Dondyk; the buyer was Stephanie Dondyk and Maria Dondyk.

Beds, baths and square footage were not available in the deed data for any of these transactions.

NEIGHBORHOOD BREAKDOWN

Two streets had multiple recorded transfers this period. Point Road saw one priced sale, 490 Point Road at $975,000, along with a nominal-consideration transfer at 663 Point Road involving Oliver S. Sughrue and Helene C. Sughrue to themselves as trustees. Delano Road likewise had one priced sale, 492 Delano Road at $610,000, and a nominal-consideration transfer at 548 Delano Road from Christopher J. Sylvia and Caitlin S. Sylvia to Four CS Coastal Rentals LLC.

By price tier among the five sales with recorded prices, four fell in the $500,000 to $1 million range: 285 County Road ($595,000), 492 Delano Road ($610,000), 490 Point Road ($975,000) and 4 Olde Logging Road ($1,000,000). One sale exceeded $1 million: 174 Cross Neck Road at $1,375,000. No sales under $500,000 were recorded.

MARKET NOTES

Four of the nine recorded transfers, nearly half, were nominal-consideration transfers rather than market sales. Three of those show shared surnames or trust language indicating a within-family or trust restructuring: 11 Cottage Street (Patricia Nicholson to Patricia Nicholson, trustee, of the Patricia Nicholson Revocable Trust), 663 Point Road (Oliver S. and Helene C. Sughrue to themselves as trustees) and 81 Lewis Street (Kathleen M. and Jeffrey C. Egger to themselves as trustees). The fourth, 548 Delano Road, transferred from individual sellers to a limited liability company; the deed data does not indicate a family or trust relationship between the parties. No square footage, bedroom or bathroom data was available for any property in this period, so no price-per-square-foot comparisons could 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.