Melrose Median Hits $1.075 Million as Late-Spring Sales Skew Toward Upper Tier
MELROSE -- A $6,570,000 transaction at 447 Pleasant St. headlined late-spring property activity in Melrose, easily the largest recorded sale in this dataset and well above any other transfer in the period. Nine of 19 recorded deeds carried disclosed prices, with the remaining 10 recording no consideration amount.
MARKET OVERVIEW Nine sales carried disclosed prices during the May 28–June 26 period, ranging from $385,000 to $6,570,000. The median sale price among disclosed transactions was $1,075,000. The full dataset of 19 deeds reflects a mix of arm's-length sales and intra-family or trust transfers; the 19-deed count alone overstates market-rate activity for the period.
TOP SALES The top transaction was 447 Pleasant St., which sold May 28 for $6,570,000. The buyer was Park Towers XI LLC; the seller was Margaret M. Baseman, trustee of the H Successor Trust. The nature of the property — whether residential, commercial, or mixed-use — is not specified in the deed record. At 84 Lincoln St., Craig O. Levy and Sophia T. Axtman purchased the property June 1 for $1,505,000 from Lloyd G. Ternes Jr., trustee of a revocable trust. Girard and Karen Fascenda paid $1,341,000 for 381 Washington St. on May 28, buying from Melissa D. Whited and Emily J. Lammert. Ashley Parry and Eric Schmid acquired 36 Chester St. on May 29 for $1,125,000 from Jamie G. and Robert L. Goudreau. Rounding out the top five, 515 Upham St. sold June 4 for $1,075,000; Joseph U. and Marie A. Paul purchased the home from Steven and Kara DeGuglielmo.
NEIGHBORHOOD BREAKDOWN Four of the nine priced sales cleared the $1 million mark, concentrated on Lincoln Street, Washington Street, Chester Street, and Upham Street. The mid-tier, between $500,000 and $1 million, accounted for two sales: 81 Linden Rd. at $950,000 and 395 Lebanon St. at $750,000. Below $600,000, two sales were recorded: 35 Felton Pl. at $536,000 and an address-unspecified transaction at $385,000. Mystic Avenue appeared twice in the dataset — at 21 and 69 Mystic Ave. — though neither carried a disclosed price; both appear to be trust transfers within the same families. West Wyoming Avenue also produced two entries, Units 4C and 4D at No. 26, both transferred to the same trustees without disclosed consideration.
MARKET NOTES Of the 19 recorded deeds, at least eight appear to be trust formations, estate conveyances, or transfers between family members rather than open-market sales — a pattern common in deed filings but one that limits the usable price sample. The LLC purchase at 447 Pleasant St. stands apart from the remaining residential transfers in both scale and buyer type; without additional property detail from the deed, it is not possible to characterize it further. The sub-$400,000 sale lacked a street address in the deed record and cannot be mapped to a specific location within the city.