Sale Prices Mostly Undisclosed As Eleven Greenfield Properties Change Hands

GREENFIELD -- Eleven properties recorded new owners at the Franklin County Registry of Deeds between July 31 and Aug. 29, but only one of those transactions carried a disclosed sale price, leaving most of the month's activity undocumented in dollar terms.

MARKET OVERVIEW

The registry recorded 11 property transfers in Greenfield during the four-week period. Of those, one listed a sale price: $320,000 for 69 Green River Rd. Because only a single transaction disclosed consideration, the price range and median both stand at $320,000, a figure that reflects one sale rather than a market-wide trend. The count of 11 recorded deeds is a plain fact of the period; without comparable prior-month figures in this dataset, no judgment can be made about whether that represents an active or quiet stretch. What is clear is that the low disclosure rate, just 1 of 11, limits how much this period's deed data can say about price levels in town.

TOP SALES

69 Green River Rd sold for $320,000 on July 31. The seller was Hedgerow Enterprises Inc. and the buyer was Greenfield Savings Bank, the only transaction in the period with the buyer identified as a financial institution.

The remaining transactions in the period did not include a disclosed sale price. Among them: 283 Chapman St. changed hands July 5 [sic Aug. 5], with Greenfield Cooperative Bank as seller and Heather Matys and Zachary P. Matys as buyers. At 71 Washington St., Mortgage Electronic Registration Systems Inc. was the seller and Knox Wilder the buyer, in a sale recorded Aug. 4. At 349 Green River Rd., MassMutual Federal Credit Union sold to Stephen C. Aras and Gwyn M. Aras on Aug. 3. At 85 Verde Dr., Bank of America NA and First American Mortgage Solutions LLC, acting as attorneys, sold to David R. O'Reilly and Nicole O'Reilly, also on Aug. 3.

NEIGHBORHOOD BREAKDOWN

Three streets saw two recorded sales each during the period. Chapman Street had transfers at both 283 and 180 Chapman St., both involving lender-related sellers (Greenfield Cooperative Bank and Mortgage Electronic Registration Systems Inc., respectively). Green River Road had transfers at 349 and 69 Green River Rd., the latter the only disclosed-price sale of the period. Summer Street had transfers at 57 and 114 Summer St., both without disclosed prices. The remaining sales were spread across individual streets: Washington Street, Plum Tree Lane, Verde Drive and Overland Road each recorded one transfer, along with one Greenfield sale with no specific street address provided in the deed record.

MARKET NOTES

Beds, baths and square footage were not available in the deed records reviewed, so no price-per-square-foot comparisons can be made this period. One pattern stands out in the seller and buyer fields: financial institutions and mortgage-servicing entities appear on one side of several transactions, including Mortgage Electronic Registration Systems Inc. (three transactions: 71 Washington St., 25 Plum Tree Lane and 180 Chapman St.), Bank of America NA, MassMutual Federal Credit Union, Greenfield Cooperative Bank, Liberty Home Equity Solutions Inc. and First American Mortgage Solutions LLC. In total, seven of the 11 recorded transfers listed a bank, credit union or mortgage-related entity as grantor or, in one case, grantee. The deed data does not specify the nature or reason for these transfers, and none should be inferred beyond what is recorded. Four of the 11 records listed only a seller name, with no buyer identified in the data provided: a Greenfield property tied to Shelle Realty LLC, 25 Plum Tree Lane tied to Mortgage Electronic Registration Systems Inc. and Liberty Home Equity Solutions Inc., 57 Summer St. tied to Ruthanne Ryan, and 44 Overland Rd. tied to William E. Roberts Jr.

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.