Revere Deeds Show Median Price Of $215,000 As Lender Transfers Dominate September Records

REVERE -- The Suffolk County Registry of Deeds recorded 17 property transfers in Revere between Sept. 4 and Oct. 3, but only four carried a listed sale price by the registry's own data, with mortgage lenders and loan servicers appearing as either grantor or grantee in a majority of the recordings.

MARKET OVERVIEW

Of the 17 recorded deeds, four show a sale price, ranging from $181,000 to $525,000, with a median of $215,000. The remaining 13 entries show no price yet; per the registry's typical lag, that figure generally posts within about a week and is not evidence that a price was withheld. Based on the raw count alone, 17 recorded deeds is a moderate volume for a single town over a four-week span; no prior-month data is available here for comparison.

TOP SALES

The month's highest-priced transaction was a $525,000 sale recorded Sept. 4; the deed entry lists only "Revere, MA" without a street address, with Jonida Qafoku as seller and Anthony and Nancy Longo as buyers. At 55 Fowler Ave., the property sold for $230,000 on Sept. 8; Megan and Carl Lindstrom were listed as sellers, with Mortgage Electronic Registration Systems Inc. and First Priority Credit Union as buyers. A condominium at 382 Ocean Ave., Unit 1501, sold for $200,000 on Sept. 4; Hany Motaweh and Ragia A. Mohamed Elhosary were sellers, with Citizens Bank NA as buyer. At 11 Bellingham Ave., the sale price was $181,000 on Sept. 4; David A. Dole and Maximino Ordonez were sellers, with Mortgage Electronic Registration Systems Inc. and United Wholesale Mortgage LLC as buyers.

NEIGHBORHOOD BREAKDOWN

Two deeds in the period involve the same building at 382 Ocean Ave.: Unit 1501 sold for $200,000, while Unit 407 was recorded as a transfer from Anthony and Nancy Longo with no price yet available. No other street in the dataset shows more than one recorded transfer. By price tier among the four sales with recorded prices, three fall under $250,000 ($181,000, $200,000, $230,000) and one exceeds $500,000 ($525,000). The 13 sales without a posted price span addresses across Fowler Avenue, Revere Beach Boulevard, Cooledge Street, Fenno Street, Washburn Avenue, Colonial Road, Garfield Avenue, Clark Road, Hayes Avenue, Fenley Street, Newman Street, Sumner Street and Lambert Street, with no concentration beyond the Ocean Avenue pair.

MARKET NOTES

A majority of the period's 17 recorded deeds, at least 12, list a bank, mortgage servicer, or loan-related entity (including Mortgage Electronic Registration Systems Inc., Wells Fargo Bank NA, Freedom Mortgage Corporation, Citizens Bank NA, Bank of America NA, Rocket Mortgage LLC, NewRez LLC, Capital Mortgage LLC, Hingham Institution for Savings and Dedham Institution for Savings) as either grantor or grantee. That pattern suggests a significant share of September's recordings reflect mortgage assignments, loan servicing changes, or lender-involved transfers rather than conventional owner-to-buyer purchases. The dataset also includes two transfers where the names on the seller and buyer sides overlap: at 32 Hayes Ave., Jorge A. and Dora R. Romero transferred the property to the Romero Family Revocable Trust and Jorge A. Romero; at 114 Newman St., Gennaro J. and Diane M. Iacuzio are listed as both sellers and buyers. Property types in the period include single-family and multi-family street addresses alongside at least two condominium unit sales, at 382 Ocean Ave. and 34 Sumner St. No bed, bath or square-footage data was available in the registry records for this period.

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.