Three of Eight West Tisbury Deeds Disclose Prices Topping Out at $1.375 Million

WEST TISBURY -- Eight property transfers were recorded in West Tisbury between July 17 and Aug. 15, but only three included a disclosed sale price, ranging from $325,000 to $1,375,000, according to Dukes County Registry of Deeds records.

MARKET OVERVIEW

The registry recorded eight deed transfers in West Tisbury during the four-week period. Three of those transactions disclosed a sale price, ranging from $325,000 to $1,375,000, with a median of $1,029,000. The remaining five transfers, five of eight, did not include a disclosed consideration amount. Deed volume was moderate for the period, but with most transfers lacking disclosed pricing, the data offers a limited picture of overall market value this period.

TOP SALES

The month's highest-priced disclosed sale was 651 State Rd, which sold for $1,375,000 on July 20. Keith McGuire, trustee of the Mary M U McGuire Living Trust, sold the property to James Feiner. At 40 Scotchmans Ln, Nancy Arkelyan Huntington, trustee of the Scotchmans Lane Nominee Trust, sold the property for $1,029,000 on July 17 to Edward Beason and Alexandra Styron. At 278 Oak Ln, Mark Clements and Susan S. Clements sold the property for $325,000 on July 20; the buyer of record is listed as Radius Financial Group Inc. and Mortgage Electronic Registration Systems Inc.

The remaining five recorded transfers did not disclose a sale price: a West Tisbury property transferred July 22 from Terry Schley and Marie Schley, as trustees, to a certificate of trust; a portion of 63 Dr Fisher Rd transferred July 22 from Dr Fisher Rd Portion Of and Cristofori LLC to Daniel James Larkosh, trustee of the Larkosh Realty Trust; 128 Old County Rd transferred July 21 from Nicola J. Blake, trustee of the Nicola J. Blake Revocable Trust, in connection with a declaration of homestead; 100 Panhandle Rd transferred July 17 from Patia M. Waring to Diana E. Waring; and 110 Otis Bassett Rd transferred July 17 from Michael Ryan Flaherty and Danielle Lee Saly to Michael Ryan Flaherty, trustee of the Michael Ryan Flaherty Living Trust.

NEIGHBORHOOD BREAKDOWN

No two recorded sales shared a street name during this period. By price tier among the three disclosed sales: one transfer, at 278 Oak Ln, fell under $500,000; two transfers, at 40 Scotchmans Ln and 651 State Rd, fell in the $1 million to $1.5 million range. The five transfers without a disclosed price were spread across five different streets: an unspecified West Tisbury address, Dr Fisher Road, Old County Road, Panhandle Road and Otis Bassett Road.

MARKET NOTES

Deed records for this period do not include bedroom, bathroom or square footage figures, so no price-per-square-foot comparison is possible. Property type is also not specified in the available records. Several of the recorded transfers show patterns of trust, homestead or family-name transfers rather than sales to unrelated third parties: the Dr Fisher Road, Old County Road, Otis Bassett Road and West Tisbury transfers each list a trust or a declaration of homestead on the grantor or grantee side, and the Panhandle Road transfer moved between two people sharing the Waring surname. The Oak Lane transfer's buyer of record includes Radius Financial Group Inc. and Mortgage Electronic Registration Systems Inc., entities associated with mortgage lending, which readers should factor in when interpreting that $325,000 figure.

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.