Chelsea Sale Prices Span $260,000 to $600,000 With $475,000 Median

CHELSEA -- Twelve property transfers were recorded at the Suffolk County Registry of Deeds for Chelsea between July 17 and Aug. 15. Four carried sale prices ranging from $260,000 to $600,000, with a median of $475,000, while the remaining eight were either nominal-consideration transfers or had no recorded price as of this report.

MARKET OVERVIEW

Twelve deeds were recorded during the period. Of those, four included a sale price, ranging from $260,000 to $600,000, with a median of $475,000. Two transfers were recorded for nominal consideration and are not counted toward the price range or median. Six additional transfers had no recorded price as of this report; that is common for deed data and typically reflects a lag of about a week before the registry's price information is updated, not a withheld figure. With only a third of recorded deeds showing a price so far, the dataset does not support a conclusion about whether the period was active or quiet; a fuller picture may emerge once remaining prices post.

TOP SALES

The highest-priced transaction was 173 Train St Unit 1, which sold for $600,000 on July 20. Maura P. Conroy was the seller and Matthew Gagnon the buyer. Beds, baths and square footage were not available from deed records.

156 Spencer Ave sold for $500,000 on July 20. The sellers were listed as the Lovuolo Irrevocable Family Trust and Danielle Bianco; no buyer name was provided in the deed data.

104 Garfield Ave sold for $450,000 on July 17. Sellers Nelson Martinez and Encarnacion Martinez transferred the property to buyers listed as MSA Mortgage LLC and Mortgage Electronic Registration Systems Inc.

71 Grove St sold for $260,000 on July 20. The sellers were listed as the Bello Villalona Family Trust and Carmen Bello; the buyers were listed as Mortgage Electronic Registration Systems Inc and MLD Mortgage Inc.

NEIGHBORHOOD BREAKDOWN

No street in the dataset had more than one recorded sale, so sales are grouped by price tier. Under $500,000: 71 Grove St ($260,000) and 104 Garfield Ave ($450,000). $500,000 to $1 million: 156 Spencer Ave ($500,000) and 173 Train St Unit 1 ($600,000). No sales in this dataset were priced above $1 million. Eight additional addresses, including 28 Swan Ave, 12 Jones Ave Unit 1, 60 Dudley St Unit 18, 8 Louis St, 276 Washington Ave, 88 Springvale Ave, 100 Everett Ave Unit 9 and the parcel involving Nicholas Ciavarra, had either no recorded price or a nominal-consideration designation and are not reflected in the price tiers above.

MARKET NOTES

Four of the 12 recorded transfers involved addresses with a unit number, 173 Train St Unit 1, 12 Jones Ave Unit 1, 60 Dudley St Unit 18 and 100 Everett Ave Unit 9, indicating condominium units among the period's transactions; the remaining eight addresses did not include a unit designation. Two transfers were recorded for nominal consideration rather than a market sale price: one from Nicholas Ciavarra to the Massachusetts Housing Partnership Fund Board, and one from Promise Otaluka and Ngozi Otaluka to the Otaluka Family Revocable Trust, with Ngozi Otaluka listed as both seller and trustee buyer, consistent with a within-family trust transfer. Several transfers involved banks or mortgage entities as sellers or buyers, including Navy Federal Credit Union, Capital One NA, Leader Bank NA, and Mortgage Electronic Registration Systems Inc, though none of these had a recorded sale price as of this report. Square footage and bedroom/bathroom counts were not available from deed records for any property in this dataset, 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.