Tisbury Deed Prices Range From $500,000 to $7 Million in Late Summer Sales

TISBURY -- Eight deeds were recorded in Tisbury between July 17 and Aug. 15, with disclosed sale prices ranging from $500,000 to $7 million. A Main Street property accounted for the period's largest transaction, selling for $7 million to Goldman Sachs Bank USA.

MARKET OVERVIEW

Eight sales were recorded in Tisbury during the four-week period. Five of the eight deeds disclosed a sale price; the remaining three, which is normal for deed records, were recorded without a stated consideration amount. Among the five disclosed sales, prices ranged from $500,000 to $7 million, with a median of $946,275. Whether eight recorded deeds represents an active or quiet stretch cannot be determined from this data set alone, since no prior-period or regional figures were provided for comparison.

TOP SALES

The period's highest-priced sale was 1115 Main St, which sold for $7 million on July 22. Sellers Amy Schumacher and Paul James Schumacher, acting as trustees, transferred the property to Goldman Sachs Bank USA. Bed, bath and square footage figures were not available from the deed record.

2 John Hoft Rd sold for $1,034,000 on July 29. Seller Cody Chandler transferred the property to R T Enterprises LLC.

62 Lagoon Ave sold for $946,275 on July 20. Seller Julie Anne McNary transferred the property to CrossCountry Mortgage LLC and Mortgage Electronic Registration Systems Inc.

79 Beach Rd Unit 9 sold for $615,000 on July 17. Seller Margaret Mirko transferred the property to Neeson Partners LLC. The unit designation indicates this is a condominium.

97 Hvoslef Way sold for $500,000 on July 29. Sellers Steven M. Podufaly and S. Mitchell Podufaly transferred the property to Guaranteed Rate Inc and Mortgage Electronic Registration Systems Inc.

NEIGHBORHOOD BREAKDOWN

No two disclosed sales this period occurred on the same street, so no street-level clustering emerged in the data. By price tier among the five disclosed sales: two sold above $1 million, 1115 Main St at $7 million and 2 John Hoft Rd at $1,034,000. Three sold between $500,000 and $1 million: 62 Lagoon Ave at $946,275, 79 Beach Rd Unit 9 at $615,000, and 97 Hvoslef Way at $500,000. The three sales without a disclosed price were recorded at a Tisbury address with no street number listed, at 735 Franklin St, and at 65 Edgartown Vineyard Haven Rd.

MARKET NOTES

Beds, baths and square footage are not available from deed records for any of the eight sales, so no price-per-square-foot comparison can be made. One property, 79 Beach Rd Unit 9, is identified in its deed as a condominium unit; the remaining seven transactions carry no unit designation, consistent with single-family or unspecified property types.

Two of the eight transactions, at 735 Franklin St and 65 Edgartown Vineyard Haven Rd, moved title from an individual to a revocable trust bearing that same person's name, a pattern consistent with estate planning. Neither disclosed a sale price.

Several deeds list mortgage-industry entities, rather than individual buyers, as grantee: Guaranteed Rate Inc and Mortgage Electronic Registration Systems Inc at 97 Hvoslef Way, CrossCountry Mortgage LLC and Mortgage Electronic Registration Systems Inc at 62 Lagoon Ave, and Goldman Sachs Bank USA at 1115 Main St. NewRez LLC appears as grantor, rather than grantee, on the undisclosed-price Tisbury sale to Arthur W. Strople III.

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.