West Tisbury Sale Prices Span $430,000 as Trust Transfers Outnumber Open Sales

WEST TISBURY -- Five property transactions were recorded in West Tisbury between Aug. 14 and Sept. 12, with disclosed sale prices ranging from $200,000 to $630,000. Three of the five recordings involved no disclosed sale price, including two transfers into family trusts and one homestead declaration.

MARKET OVERVIEW

Five deeds were recorded in the four-week period. Of those, two carried a disclosed sale price: $200,000 and $630,000, producing a median sale price of $415,000. Price data was disclosed for two of five recordings, or 40%. Based on the raw count alone, five recorded transactions is a modest total for a one-month period in West Tisbury, though the registry data provided does not include prior-period figures for comparison.

TOP SALES

The highest-priced transaction was 41 Scotchmans Bridge Lane, which sold for $630,000 on Aug. 27. Henry E. Russell was the seller; Abigail Russell Prior and Julia Dickinson Russell were the buyers. Bed, bath and square footage figures were not available from the deed record.

The second-highest disclosed sale was 4 Lily Farm Road, which sold for $200,000 on Aug. 17. The seller was the Stephen B. Maxner Trust, with Stephen B. Maxner as trustee; the buyer was Martha's Vineyard Bank.

The remaining three recordings, at 120 Oak Lane, 200 Otis Bassett Road, and a West Tisbury property with no street address listed, carried no disclosed sale price and are detailed in the sections below.

NEIGHBORHOOD BREAKDOWN

No two recorded transactions shared a street name this period, so sales are grouped by price tier. Over $500,000: 41 Scotchmans Bridge Lane ($630,000). Under $500,000: 4 Lily Farm Road ($200,000). Price not disclosed: 120 Oak Lane, 200 Otis Bassett Road, and one West Tisbury property recorded without a listed street address.

MARKET NOTES

Two of the five recordings were transfers into revocable trusts held by the same individuals named as sellers, rather than sales to a new owner. At 120 Oak Lane, Bruce R. Brotter transferred the property to himself as trustee of the Bruce Brotter Revocable Trust. At 200 Otis Bassett Road, Stanley A. Hersh and Tamara P. Hersh transferred the property to themselves as trustees. Neither transfer carried a disclosed sale price, consistent with internal estate-planning transfers rather than open-market sales.

The Sept. 10 recording listed as a West Tisbury property with no street address was a declaration of homestead filed by Maribeth Macaisa and Kenneth Vincent, not a transfer of ownership to a new buyer. It carried no sale price.

At 4 Lily Farm Road, the buyer of record was Martha's Vineyard Bank, with the Stephen B. Maxner Trust as seller. The deed record does not indicate the reason for the transfer.

Bed, bath, and square-footage figures were not available in the deed data for any of the five recordings, so no price-per-square-foot comparisons can be made this period. Property type (single-family, condominium, or multi-family) also was not specified in the underlying records.

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.