Aquinnah September Sales Span $225,000 to $500,000 as Old South Road Dominates

AQUINNAH -- Three property transfers were recorded in Aquinnah for the period of Sept. 4 through Oct. 3, with Martha's Vineyard Bank listed as the buyer in two of them. Both of those transactions involved properties on Old South Road.

MARKET OVERVIEW

Three sales were recorded during the period. Prices were available for two of the three transactions, ranging from $225,000 to $500,000, with a median sale price of $362,500. The third transaction, recorded Oct. 2, does not yet show a price in registry data; that is common for recently filed deeds and typically reflects a reporting lag of about a week rather than any withholding of information. Three recorded transfers is a limited sample, and the raw count alone suggests a quiet period for recorded sales activity in town.

TOP SALES

The largest recorded transaction was 2 Old South Rd., which sold for $500,000 on Oct. 2. The seller was listed as Christine A. Murphy, trustee of the Beech Tree Revocable Trust, and the buyer was Martha's Vineyard Bank. Bed, bath and square footage figures were not available in the deed record.

The second-highest recorded sale was 22 Old South Rd., which sold for $225,000 on Sept. 9. The seller was Old South Road LLC, and the buyer was Martha's Vineyard Bank. Bed, bath and square footage figures were not available.

A third transaction, recorded Oct. 2 with no street address listed in the deed record beyond "Aquinnah, MA," had the same seller as the 2 Old South Rd. sale, Christine A. Murphy, trustee of the Beech Tree Revocable Trust. The buyer was listed as "Certificate of Trust." The sale price for this transaction is not yet available.

NEIGHBORHOOD BREAKDOWN

Old South Road accounted for two of the three recorded transfers this period, at 2 Old South Rd. ($500,000) and 22 Old South Rd. ($225,000). By price tier, one sale fell under $300,000 (22 Old South Rd.) and one fell at $500,000 (2 Old South Rd.). The third transaction cannot be placed into a price tier because its sale price is not yet available.

MARKET NOTES

Square footage was not available for any of the three transactions, so no price-per-square-foot comparison can be made. Property type (single-family, condominium or multi-family) was also not specified in the deed records provided.

Two patterns stand out in the entity names on these deeds. First, Martha's Vineyard Bank was the recorded buyer in two of the three transactions, both on Old South Road. Second, two of the three transactions, both recorded Oct. 2, listed the same seller: Christine A. Murphy, trustee of the Beech Tree Revocable Trust. The deed records do not indicate the reason for either pattern.

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.