Banker & Tradesman: Oct. 2, 2022

ANNIVERSARY REAL EST AT E & FINANCIAL INFORM AT ION SINCE 1872REAL ESTATE & FINANCIAL

INTO THE BLUE

Greater Boston was the nation’s

Source: Redfin

The

Source: The

See

Group’s

Redfin

Source: Redfin

Greater Boston that

See

The price of the most expensive recent existing single-family sale in Berkshire County. See By the Numbers on page 6.

Source: The Warren Group

Worcester was the nation’s eight-

nation. See Week on the Web on page 2.

Source: Redfin

The number of single-family homes sold in Berkshire County year-to-date.

See By the Numbers on page 6.

Source: The Warren Group’s Statistics Module

The share of offers written by Redfin agents in Greater Worcester that met with competition in August. See Week on the Web on page 2.

Source: Redfin

The year-to-date statewide median sale price as of Aug. 31. See By the Numbers on page 6.

Source: The Warren Group’s Statistics Module

BY JAMES SANNA BANKER & TRADESMAN STAFF

Can you mine new hous ing inventory and leads for real estate agents from homeowners who haven’t yet made the decision to sell?

That’s the con

cept behind Bluebid Homes, a startup that launched its new home-bidding ser vice across Massachusetts last week.

The concept is relatively simple. By showing homeowners real offers to buy their home in the years leading up to

when someone typically sells, Bluebid co-founders Chris Mackey and Dan Lil iedahl think the company can induce them to pull the trigger on a sale.

But the company must first change over a century of habit ingrained in American consumers that selling a home requires listing it with a real estate agent, first.

Private Sales Brought into Open

Mackey, Liliedahl and their team of five other staff have built a platform that superficially resembles listings portals like Zillow or Realtor.com.

A prospective buyer who dials up the Bluebid site is presented with a map of their desired area – for now, just Mas

Bluebid Homes hopes to connect buyers and home owners who haven’t yet listed with an agent to conduct a private sale.

Unless otherwise noted, all data is sourced from The Warren Group’s Mortgage Market Share Module, Loan Originator Module, Statistics Module and/or proprietary database. For more information please visit www.thewarrengroup.com/business/ datasolutions.

By

By Diane McLaughlin

sachusetts while the company field-tests its concept – populated with blue dots, reach representing a house whose owner has “claimed” it. Like claiming a listing on traditional portal sites, this allows a homeowner to edit the information that Bluebid culled from public assessors’ databases, but also indicate that they’re interested in receiving unsolicited of fers from strangers wanting to buy their house.

The ability to make offers on a house that hasn’t even gone on the market should be a compelling idea to many buyers in the current inventory environ ment, Mackey said.

Continued on Page 10

Mike Leyba helps lead City Life Vida Urbana, the most vocal and prominent of Greater Boston’s tenant advocacy groups, a position that makes him a powerful voice in Boston’s debate over rent stabilization policies.

BANKER & TRADESMAN

PUBLISHING

Associate Publisher: Cassidy Norton

Sanna

Managing Editor:

Associate Editor, Commercial Real Estate: Steve

Associate Editor, Banking: Diane McLaughlin

Contributing Writer: Scott Van Voorhis

Web Editor: Yasmin Daiha

Senior Customer Support Specialist: Sarah Ahlgren

Advertising Account Manager: Caitlin Bobe

Graphic Designer: William Samatis

DATA SOLUTIONS

Director of Sales & Marketing: John Bottini

Communications Manager: Mike Breed

Executive Data Solutions Account Manager: William Visconti

National Account Executive: Trang Vu

Data Solutions Account Manager: Rose Zavala

Client Service Specialist: Mike Sweeney

INFORMATION SERVICES

Director of Operations & Product Strategy: Samantha Bullock

Data Operations Manager: Tammy Dandurant

Data Quality/Key Accounts Manager: Ellen Gendron

Data Quality Auditor: Katherine Snow

Key Accounts Coordinator: Amy Guenthardt

Parcel Acquisitions Coordinator: Christina Doucette

Transaction Acquisitions Coordinator: Wally Bullock

INFORMATION TECHNOLOGY

Software Development Manager: Michael Paul

Senior Applications Developer: Joe Chan

Technical Assistant: Tyler North

IT Technical Assistants: Matt Paul, Joey Roundtree and Tyler North

FINANCE & ADMINISTRATION

Controller: Gena Salvo

Senior Accountant: Olga Khalaydovsky

Accounts Receivable Clerk: Nicole Catino

BANKER & TRADESMAN (ISSN 0005-5409)

Volume 203, Number 40 Published each Monday.

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The Week on the Web

A ROUNDUP OF OUR MOST POPULAR STORIES FROM THE PAST WEEK

BOSTON TO DEVELOPERS: MAKE NEW BUILDINGS NET-ZERO

• Mayor Michelle Wu has proposed reforms to Boston’s Article 37 development review process that would require new buildings larger than 20,000 square feet to emit net-zero carbon emissions and meet LEED Gold emissions standards.

• Buildings that can’t meet the requirement can generate renewable electricity on-site with solar panels, purchasing renewable energy from the power grid or pay fines under a framework set up by the city’s BERDO energy-efficiency law.

• The proposed reforms will also require new buildings to be constructed to minimize carbon emissions from their building materials, from how the materials get to the construction site and from how the building is built, as well. These aspects of the development won’t need to be carbon-neutral, however.

JDC HIT WITH $1.2M FINE FOR GARAGE COLLAPSE

CHELSEA SITE OF 590-UNIT PROJECT SET FOR AUCTION

• The Occupational Safety and Health Administration cited JDC Demolition Company for eight “egregious-willful” violations and other serious workplace safety violations in the March death of employee Peter Mosini when a part of the Government Center Garage he was working on collapsed. Project general contractor John Moriarty and Assoc. also faces $58,008 in fines.

• “Specifically, on the morning of the collapse, another heavy equipment operator, who had started demolition on a concrete beam on an upper floor bay, told the foreman they had concerns about the floor’s safety,” the Labor Department said. “Despite the employee raising safety concerns to the foreman, a second employee was assigned to operate the excavator. That worker, the deceased, never received a safety briefing and was not trained to follow the engineer’s demolition plan.”

• Mosini’s estate sued Morairty, project developer HYM Investment Group and project engineer GZA Geoenvironmental Inc. for wrongful death in Suffolk Superior Court in July. HYM and co-developer National Real Estate Advisors sued JDM and Moriarty for breach of contract and contractual indemnity in Suffolk Superior Court in August.

• Chinese developer Yihe Forbes LLC secured permission from the city of Chelsea in 2019 to demolish the existing former factory buildings at 1 Forbes St., plus a defunct wind turbine on the site, and replace them with 590 units of housing and 20,000 square feet of retail despite community concerns about site access via a single side street leading to the city’s leastdense residential neighborhood.

• Yihe’s lender, Shanghai Commercial Bank Limited, is foreclosing in a $6.25 million loan it made in 2016. Sullivan & Sullivan is organizing the auction.

• Underscoring the site’s challenges, Yihe was the third developer to try and fail to turn the site into something new. And the land’s buyer to go through a new permitting process before a Zoning Board of Appeals whose membership has substantially changed since 2019. Further zoning changes mean the site can only hold around 300 apartments, now.

REPORT: MORE RETAIL BANKS FOCUS ON SUSTAINABILITY

• About 75 percent of retail banks plan to increase spending on environmental, social, and governance initiatives, according to a new report from Boston Consulting Group, and almost 20 percent plan to increase spending significantly.

• Globally, almost half of retail banks have a primary focus on environmental sustainability issues, BCG said, including reducing energy consumption in offices.

• BCG also identified opportunities for sustainable products, including green mortgages, which provide discounts to purchasers and builders of energy efficient properties.

MULTIPLE-OFFERS DOWN IN BOSTON, WORCESTER

• Boston registered as the nation’s fourth-most competitive market with 54 percent of Redfin offers meeting competition last month. That put it just behind Providence (54.5 percent), San Jose, California (58 percent) and Philadelphia (61.7 percent). The metro is down from 55.2 percent in July and 68.7 percent in August 2021.

• Worcester wasn’t far behind Boston, at eighth place nationwide. All told, 51.2 percent of Redfin-written offers met with competition last month, compared to 54.3 percent in July and 65.3 percent in August 2021. Nationwide, 44.6 percent of home offers written by Redfin agents faced competition in August, the company said. It’s the lowest such figure since the start of the pandemic.

INTERESTED

POLL RESULTS

Banker & Tradesman readers have few illusions about 2023. Are you planning for a recession next year?

Yes. For our sector, a recession has already begun.58%

Yes. One seems all but certain.25%

No. Slow or no economic growth, but no recession.17%

No. We still think a “soft landing” is likely.0%

P hoto by James Sanna Banker & Tradesman staff

mage courtesy of YIHE Forbes

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OPINION

A Twisted Kind of Housing Recession

Where are home prices headed? We are not economists, but it doesn’t take that much perceptive power to tell de mand is fading.

Interest rates are nearly at 7 percent, and could continue to rise, as economic conditions worsen. Brokerage and listings portal Redfin declared last week that the typical American homebuyer’s monthly mortgage payment is now 15 percent higher than it was in mid-August.

It seems like a recession is in the cards, with top Federal Reserve officials like Boston Fed President Susan M. Collins openly saying unemployment will likely have to go up to get inflation under control.

As Banker & Tradesman reported recently, in ventory is shrinking in part because of this eco nomic uncertainty – the average seller can’t have much confidence that prices won’t fall if a recession does indeed hit, based on their experience of 2008.

And both prices and interest rates are so high that not a few sellers would wind up paying more in monthly mortgage payments than they pay now for a comparable or smaller property.

So, the market’s stuck, sinking into the mud of high interest rates and constricted supply that at least for now is keeping prices rising – albeit slowly.

And so are the businesses that serve it. It’s not a great time to be a real estate agent or a loan origina tor who wasn’t at the top of their game going into this situation.

Booms and busts are a natural part of capital ism, but there’s something rather perverse about this particular bust. It wouldn’t be nearly so bad if we hadn’t spent the last generation trying to clamp down on efforts to build enough homes to respond to demand.

Instead, the small-time developers who histori cally built many of our starter homes – whether single-family or multifamily – have been driven out of business. The bigger developers who remain are incentivized to largely build for the higher end of the market because the contentious and uncertain permitting environment all but requires they offer these higher-margin products for their companies to succeed.

If there’s a silver lining to this moment, it’s that the value of liberalized zoning and planning that let the housing sector meet consumers’ needs is clearer than ever.

Hopefully, policymakers are able to use the next few months to follow in what look set to be Bos ton Mayor Michelle Wu’s footsteps and find ways to make that happen. Her plan to streamline the number of veto points in the city’s permitting pro cess for affordable housing projects and create faster and predictable timelines for development review is perhaps the best news to come out of what was oth erwise an economically gloomy September.

Letters to the editor of 350 words or less may be submitted via email at editorial@thewarrengroup.com with the subject line “Letter to the Editor,” or mailed to the offices of The Warren Group. Submission is not a guarantee of publication.

THE HOUSING SCENE

Slow Going for Federal Real Estate Sales

Bureaucratic Fights, Congressional Delays Trip Up Property Disposal

4 | BANKER & TRADESMAN OCTOBER 3, 2022 BY LEW SICHELMAN SPECIAL TO BANKER & TRADESMAN

You’re not the only one working from home: So are thousands of government workers. And as a result, Uncle Sam’s office needs have changed dramatically.

Now, the Government Accountability Office, the in vestigative arm of Congress, has called on the govern ment’s property manager to help numerous agencies consolidate their office needs. This could save millions of dollars – and perhaps provide an opportunity for the private sector to revitalize any vacated spaces.

Use your imagination to consider what a savvy de veloper could do with a 17-acre former government site in Menlo Park, California. It has 17 buildings that could be converted to apartments or condominiums. Or consider a 14-acre former missile site in Gaithers burg, Maryland, where there’s great demand for hous ing of all types and the zoning is flexible.

Key Info Not Shared

Some 17 major federal agencies have already made limited changes to their leased and owned office space because of the pandemic and the uncertainty about how their employees will work going forward. A ma jority expect to reduce the number of leases or square footage in their real estate portfolios, primarily in re sponse to teleworking.

The General Services Administration – the indepen dent agency which, among other things, is responsible for the feds’ office space – has also expanded its spaceplanning and data collection efforts. And 20 of the 24 agencies polled by the GAO are collecting similar data on their own.

The majority of the agencies believe that the infor mation gathered by the GSA would help them better understand their own future space needs. But the GSA initially had no plans to distribute the data, which the GAO’s latest report called a costly mistake.

“By not planning to more broadly share this infor mation,” the GAO report said, “GSA is missing an op portunity to provide a clear understanding of how the potential cost of collecting such data could be out weighed by the long-term benefits, including poten tial cost savings from reductions in future annual rent, maintenance and other operational costs.”

Known as the government’s watchdog, the GAO said the GSA should develop a plan to distribute what it learns with federal agencies, including those that don’t use its real estate services.

Not So Fast, Developers

The GSA has agreed, and has stated it will commu nicate “lessons learned” from its pilot programs and data collection activities. But this is your government at work, so no one – especially builders, developers and investors – should expect to get their hands on excess property anytime soon.

Like most governments, Uncle Sam works slowly. How slowly? Well, the government is woefully behind on an other effort to reduce the federal footprint: a pilot pro gram enacted by Congress in December 2016 to expedite the sale of unneeded and underutilized federal real estate.

It’s now been six years since Congress passed the Federal Assets Sale and Transfer Act (FASTA) to cre ate the Public Buildings Reform Board (PBRB). It took time to get the board up and running; then the pan demic hit, and then two of the five board members re signed. President Joe Biden appointed Jeffrey Gural to chair the panel in July, but he has yet to be confirmed.

Disposing of federally owned real estate has always been a challenge. Indeed, the process has been on the GAO’s high-risk list for nearly two decades. The 2016 law was supposed to change that, but so far, it has not worked as planned.

“It is probable that the FASTA process will not meet expectations or provide insight into ways the federal government can more effectively reduce the federal real property portfolio,” the GAO said in a report late last year.

Staffing Problems Shortchange Effort

It wasn’t until December 2019, three years after the board was created, that it finally identified 11 “highvalue” properties for sale in what was to be a threeround process. As of January, only one sale had actu ally closed. But now, 10, including the two mentioned above, have changed hands at auction.

The GSA does not reveal the names of the buyers or what they paid. But according to press reports, the larg est bid for the old Veterans Affairs medical center in Denver was $41 million. In Sacramento, the city paid $12.3 million for 80 unused acres at a Job Corps Center to build housing for people who are currently homeless.

Meanwhile, the PBRB moved ahead with the next round of offerings last December, which included 15 properties. But the second phase was shot down by the Office of Management and Budget, which didn’t like the board’s methodology. OMB gave the board 30 days to respond. But since the PBRB doesn’t have a quorum, it couldn’t – effectively canceling the second round, at least for the time being.

The first round was expected to generate $500 mil lion to $700 million in proceeds that would be plowed back into the program to keep it moving. The second round was expected to net up to $2.5 billion – result ing, the board estimated, in $275 million in long-term savings to taxpayers.

By law, meanwhile, the third and final round cannot occur until at least three years after the second round, effectively pushing it until 2025 at the earliest.

Lew Sichelman has been covering real estate for more than 50 years. He is a regular contributor to numerous shelter magazines and housing and housing-finance industry publications. Readers can contact him at lsichelman@aol.com.

OPINION

There’s a Silver Lining in the Orange Line Shutdown

Commuter Rail Ridership Bump Shows Pricing Change Is Vital

BY RICK DIMINO SPECIAL TO BANKER & TRADESMAN

It is not easy to evaluate the full impact of the recent Orange Line shutdown. Hopefully, the Federal Tran sit Administration is satisfied with the repairs and riders can benefit from promised faster travel times. Credit is due to the MBTA leaders and workers for reopening the system on schedule, however, this is no time to celebrate. The shutdown resulted in substantial and unspoken costs to riders, and economic harm to the entire region. The MBTA is still in a crisis, but there are important lessons from this experience.

Fixing the Orange Line is only a small step forward to our larger goals. There is no question that a safe, reli able and proficient transit system is essential for the fu ture prosperity of the Greater Boston area. The MBTA delivers benefits to those who never directly ride on a train, bus or ferry. The T offers access to jobs and opportunities for transit-dependent riders and neighborhoods without over burdened roads and highways. Also, the commonwealth will not be able to reach our state wide carbon emission goals without upgrades to the cur rent MBTA infrastructure.

How we fix the subway system will require new ap proaches to delivering on capital repairs, but the ex tended shutdown of a subway line should not be rep licated. Even if there are benefits to construction crews having access to a site for weeks at a time, the Orange Line shutdown caused massive delays to the commutes for riders, and this disruption should not be dismissed.

COACH

Even if targeted shutdowns are necessary, the MBTA should find ways to schedule shutdowns for nights and weekends, or for short durations that are always paired with enhanced alternative service options.

Over the past month, the MBTA tested new ways to improve frequency on the commuter rail, add new bus lanes and reduce the costs to ride trains. There is now clear evidence that these ideas can create the right in centives for people to use public transit. In fact, the les sons on commuter rail frequency and cost should be a guide for future investments and transit policy.

Finding Silver in the Commuter Rail

In September, the MBTA slightly increased fre quency on commuter rail lines that share stations with the Orange Line. The MBTA also waived fares for the commuter rail riders systemwide in the areas closest to downtown Boston. This re sulted in an increase of 13,000 additional riders on the com muter rail by the final week of the Orange Line shutdown.

It is not surprising that rid ers responded to these incen tives. During the shutdown, riders in communities inside or along Route 128 such as Lynn, Reading, Waltham and Neeham could travel for free. These discounts expired, so once again a one-way ticket to Boston from these areas costs $7. It is not reasonable for the commuter rail to be free for everyone, but more frequent schedules combined with a dramatically lower price can be a very effective way to get riders onto trains and out of their cars.

A more frequent and affordable commuter rail sys tem is the promise of a regional rail system, spelled out

Are You Up for a Down Market?

Be Prepared to Help Sellers Avoid Chasing the Market Down

BY BERNICE ROSS SPECIAL TO BANKER & TRADESMAN

The days of multiple offers, short market times, rising prices, and high buyer demand are rapidly becoming a distant memory. If you haven’t expe rienced a buyer’s market before, be forewarned: every thing you know about selling real estate during the last decade is about to be turned upside down.

In a buyer’s, or “down,” market you must shift your focus from price appreciation to price depreciation. In a seller’s market, prices will quickly soar to meet market demand. In contrast, prices are slow to fall in down mar kets. This is known as the “sticky pricing phenomenon.” This occurs because price de clines lag behind actual market conditions by six to 12 months.

Anyone who has experi enced a buyer’s market with few transactions, plunging prices and high foreclosure rates is familiar with the concept of “chasing the market down.” It’s where delays between when a property’s price is set, when a property goes under agreement and when it closes cre ate a significant lag between the prices in the comparable sales you’re using and where the market’s moved.

To illustrate this point, assume that a hypotheti cal market peaked in March 2022, with prices subse quently falling 8 percent over the following months on an annualized basis. For a $500,000 listing taken in Au gust 2022 that takes 60 days to sell, there will be total of six months of price depreciation since the peak – a loss of $20,000 in value.

Now assume the buyer doesn’t qualify for a loan 60 days later due to another increase in mortgage interest rates. The seller must then put the property back on the market.

At this point, there would have been eight months of depreciation since the peak, making the property value at that time $473,200. If that seller were to relist at $500,000, the house would be at least $27,000 over priced.

To avoid chasing the market down, the seller would need to price their home at least $30,000 under their original asking price, or $470,000. If prices are in a free-fall, they may need to list as low as $450,000.

Show Sellers What’s Happening

Helping sellers make the transition from the psy chology of an increasing market to a decreasing market is no easy task.

First, use your local MLS statistics or Realtor.com to pull up a list of all the proper ties that have been reduced in price and/or have expired in your local area. If it’s above 10-20 percent, your market has peaked, and prices may have already started to slide.

Next, Check the primary automated valuation mod els (AVMs) such as Redfin, Realtor.com and Zillow for their pricing. Please note that Realtor.com provides an interactive graph dating back to 2017 that tracks prices from three of the most advanced AVMs: Collateral Analytics, CoreLogic and Quantarium, which includes over 900 interior features in their pricing model. Show the sellers the graphs, and if there is a flattening or dip, prices are already heading down.

Once your market has experienced about six months of price declines, the shift will begin to show up in your MLS comparable sales. To gauge how much the market is decreasing, calculate the average price per square foot in your market area for the last 60 days.

Repeat the process for the preceding 60 days. If the

in many transportation studies completed in recent years. This infrastructure investment is also a critical component to the success of the new MBTA Commu nities transit-orientated housing law. To help address the both the region’s housing and traffic challenges, transforming the commuter rail into a regional rail sys tem must be a priority of the next governor and leader ship of Massachusetts’ transportation agencies.

Steps to Take Now

In the immediate future, buses and subways must run more frequently. Today, every MBTA subway line is running at dramatically reduced frequency, includ ing the reopened Orange Line. The FTA ordered the MBTA to hire additional employees for their opera tions and control center to better monitor the flow of subway vehicles. Three months later, the MBTA is still running fewer trains because of this staffing concern and riders continue to suffer.

The MBTA and FTA need to show the same level of urgency on subway frequency as they did with Orange Line track repairs. Infrequent subway service creates crowded trains, longer commute times and discourages people to return to the workplace or even take the T. Temporary, contracted employees should be an option to staff these control center roles and bus lines if that is what is necessary to return the subway and bus system to the full-service schedules Greater Boston depends on.

Finally, the MBTA’s budget must change to fix defi cient infrastructure, convert many trips to lower-emission trains and buses and absorb the additional workforce re quired by the FTA safety review. The MBTA faces a fiscal cliff in less than two years, giving the next governor and legislature an opportunity to provide these resources.

The shutdown likely strengthened the resolve to solve the challenges at the MBTA. Once again, we under stand the traffic congestion and harm to riders when the subway system doesn’t work properly. Before this latest reminder fades away, we can harness it to create better transit service, increased transit frequency and new ap proaches to pricing to achieve the benefits that are nec essary for the people and communities of this region.

Rick Dimino is CEO of A Better City.

current average price per square foot has decreased, you can gauge how quickly the market has declined over the last 60 days by subtracting that number from the current average. Multiply that by the square footage in the improvements on your listing, and that will tell you how much the house has declined in value during the last two months.

The Tried-and-True Strategy

Explaining the rate of absorption and probability of selling concepts to sellers is golden in down markets.

Assume, for the sake of argument, that there are cur rently eight months of inventory in your market. This means that if no new listings were to come on the mar ket, it would take eight months for 100 percent of the current inventory to sell.

When you meet with the seller, explain that this eight-month number means that one-eighth, or 12.5 percent, of the listed properties will sell each month and 87.5 percent will not sell, i.e., still be listed next month. Make clear that their property must be priced in the top 12.5 percent of all listings in terms of both value and price if it’s going to sell that month.

Two other persuasive techniques are giving the seller a list of the properties that have price reductions as well as those that have expired.

Based upon previous downturns, a buyer’s market with declining prices is the most difficult type of mar ket you will ever experience. On the other hand, for the agents who are prepared and who understand the dy namics of pricing and negotiating deals in a down mar ket, they can have their best year ever. That certainly was the case for me in the four previous downturns, and it can happen for you if you’re adequately prepared.

Bernice Ross is a nationally syndicated columnist, author, trainer and speaker on real estate topics. She can be reached at bernice@realestatecoach.com.

A buyer’s market with declining prices is the most difficult type of market you will ever experience.

OCTOBER 3, 2022 BANKER & TRADESMAN | 5 There’s clear evidence these ideas can create the right incentives for people to use public transit.

$401,000

$317,000

$270,000

Dalton has produced three major league baseball figures: former Boston Red Sox manager Dan Duquette, former Chicago Cubs pitcher Turk Wendell and former Red Sox relief pitcher Jeff “The Terminator” Reardon.

$600,000 $500,000 $400,000 $300,000 $200,000 $100,000

200000

Why Did Michelle Wu Blow Up the ZBA?

Most Members Replaced Long Before Citywide Planning Complete

BY SCOTT VAN VOORHIS BANKER & TRADESMAN COLUMNIST

It’s not clear what prompted Boston Mayor Michelle Wu to decide now is the time lower the boom on the city’s Zoning Board of Appeals.

Wu announced she was replacing 10 of the 14 members of the ZBA last week, including the long-time chair of the powerful panel, which the mayor has long targeted for an overhaul.

As a city councilor on the rise, Wu took the pages to denounce of the Globe to denounce the “complicated and sometimes arbitrary process” through which the board decides the fate of hundreds of projects each year, from home additions to big apartment buildings.

But that was a little over two years ago. Instead, Wu’s focused her first 10 months in office on laying the groundwork to revamp the better-known Boston Planning & Development Agency, which oversees most development in the city while all but one of the ZBA’s member ship continued to serve without replacements long after their original terms had expired.

Why Act Now?

Based on Wu’s own master plan for over hauling how development is done in Boston, the decision to blow up the ZBA would ap pear to be a bit premature.

Her vision calls for the BPDA to first re vamp building rules across the city, from downtown to the neighborhoods, to staunch the never-ending flow of requests, appeals and disputes that end up before the ZBA.

But redoing zoning across the city is a major project, and even the most ardent Wu support ers would be hard-pressed to argue that goal is anywhere close to being accomplished.

So why act now? One possible factor, though, may have been an increasing ugly dispute in the mayor’s own neighborhood of Roslindale over plans for badly needed new housing in which the ZBA has played a star ring role.

When Wu released her slate of 10 nomi nees for seats on the ZBA, she also decided to keep four current members, a group that pointedly didn’t include the longtime chair and Wu’s fellow Roslindale resident, Christine Araujo.

Araujo has become a lightning rod for her pivotal role in killing several housing projects, most notably in Roslindale.

An appointee of former mayor Marty Walsh, she was outspoken in casting crucial “no” votes against a 31-unit apartment com plex in Roslindale Square and a seven-unit, two-storefront apart ment building by the Target on Washington Street, Universal Hub re ported.

Araujo criticized the first project for not pro viding any parking and the second, smaller pro posal for not providing enough parking spaces.

The outgoing ZBA chair also made com ments seen as dissing Roslindale’s commuter rail station as not real mass transit – though, in her defense, Araujo countered in an in terview that she is concerned about the high prices low-income workers have to pay to ride those trains.

Chair Was YIMBY Group’s Foe

Those stances raised the hackles of WalkUP Roslindale. The nonprofit group, which advocates for pedestrian and cyclist friendly streets and transit-orientated devel opment, is a strong backer of their mayorneighbor.

And WalkUP Roslindale has been pushing openly for an overhaul of the ZBA for months, appealing directly to the mayor and lobbying for action on Twitter.

In Chamber Speech, Wu Promises

Faster Housing Approvals

BY JAMES SANNA BANKER & TRADESMAN STAFF

Boston affordable housing developments could soon see their permitting times slashed in half, Mayor Michelle Wu announced Thursday morning in her first speech before the Greater Boston Chamber of Commerce.

Wu also touted her administration’s push to revitalize downtown retail businesses, spur office-to-residential conversions downtown, streamline the planning process for all develop ers and work to improve transit and transporta tion by adding bus and bike lanes – actions, she noted, that municipalities can still take even if they can’t control the MBTA’s actions.

Wu said her administration is “laying the foundation for Boston to reach that popula tion peak – 800,000 – again, but this time as the greenest, most sustainable city.”

The city currently sits at 689,326 residents, according to the Census Bureau.

It’s also trying to rein in housing costs by building more housing and more affordable housing, Wu said, noting she is pushing $380 million in federal pandemic aid into preserv ing existing affordable housing, building new units and helping residents become home owners.

“The cost of housing is squeezing the very people who keep our city and region running,” she said, citing the 2,000 vacancies in the city’s own workforce and the 1,500 in the MBTA’s.

“We can’t afford to just orient around prevent ing people from getting priced out. We need to be actively empowering people to thrive.”

Producing more affordable housing faster will be key to meeting this goal.

Noting that it takes around 11 months for an affordable housing project to be approved in the city, resulting in developers spending more money on staff time, design changes and carrying costs for land, Wu promised her permit-streaming executive order will cut that time “in half” while also identifying changes in the approval process to “make it more pre dictable for everyone.”

The order will allow any affordable hous ing project on city-owned land won’t have to undergo further review if there was “previous community engagement” during the process of selecting the development for that site, Wu’s office said in a press release issued following her speech.

The order will also direct the Boston Plan ning & Development Agency to deliver a re port within 120 days on how an alternative and more efficient permitting process with

“The chair has been the biggest obstacle on the board to new housing production in Roslindale,” said Rob Orthman, chair of WalkUP Roslindale’s housing and develop ment committee, after Wu’s decision to re place most of the ZBA was announced. “I am overall happy with the new appointments and have heard good things about a number of them from my network.”

Pushing back, Araujo said she was trying to balance proposals for new housing with quality-of-life issues for existing Roslindale residents, like parking.

The nonprofit consultant also expressed frustration over a lack of a larger, strategic plan for dealing with the pressure colleges put on neighborhood rental markets and other as

pects of the region’s housing crunch. And she expressed skepticism over how much impact smaller projects with only a handful of afford able units can have.

“We need to look at it comprehensively – at what is putting the pressure of demand on our housing stock,” she said.

Not So Fast

All that said, is it possible Wu was forced to act earlier on the ZBA than she would have liked?

For the timing would not seem ideal. There is growing apprehension on part of developers and other members of the real estate industry over the many changes Wu

Page 11

WANTED TO LEASE

RETAIL OR CUSTOMER SERVICE SPACE IN ASHLAND, FRAMINGHAM, HOPKINTON,MARLBOROUGH, MILFORD, SOUTHBOROUGH, OR WESTBOROUGH WITHIN ONE- AND ONE-HALF MILE OF AN INTERSTATE HIGHWAY, OR ON A NUMBERED STATE ROADWAY

On behalf of the Massachusetts Department of Transportation, Motor Vehicles Division, also known as the Registry of Motor Vehicles Division (MassDOT/RMV), the Massachusetts Division of Capital Asset Management and Maintenance invites proposals to lease approximately 8,100 usable square feet of retail or customer service space in the above-referenced search area for a term of 10 years.

Proposals must be submitted to:

Division of Capital Asset Management and Maintenance Office of Leasing and State Office Planning One Ashburton Place 14th Floor, Room 1411 Boston, Massachusetts 02108 or by e-mail to: leasepropsubmittal.DCAMM@mass.gov

Proposals must be submitted by the deadline of October 13, 2022, at 2:00 p.m. Proposals will be opened at that time.

The RFP can be downloaded from www.mass.gov/service-details/ leasing-property-to-the-commonwealth Under Requests for Proposals (RFP) to Lease Space, click on “COMMBUYS” and then click on “Find It”. You may also email leasing.dcamm@mass.gov or call 857-204-1355 to request a copy of the RFP, referencing Project Number 202231900.1. For further information, call (857) 310-6327. This notice is also available at www.masspublicnotices.org.

P hoto by James Sanna Banker & Tradesman Staff

Cranes at work on the site of Hines’ South Station tower in Boston. The largest developments typically dodge the city’s Zoning Board of Approval with tools like PDAs, but the board holds sway over hundreds of smaller projects, many apartment buildings, each year.

“The chair has been the biggest obstacle on the board to new housing production in Roslindale.”

Rob Orthman, WalkUP Roslindale

On the Front Lines of the Displacement Battle

Q: What portion of CLVU’s mission is related to real estate?

A:

We are mostly known for our housing work. It’s not the only type of work we do. We are a community organizing group, but the issue that we tend to focus on in land and housing. These policy campaigns are needed interventions in what is a very difficult market for renters. We’re trying to think about how we get to the root problem around the fact that land is a finite resource. When you think about proximity to cities, there’s not a lot to do to make more of it. If we’re trying to prevent displace ment, that means we actually own and have access to and use the land that’s in the neighborhoods.

Q: How is the Jamaica Plain real estate market being affected by the new development guidelines of the Boston Planning & Development Agency’s JP-Rox planning study?

A:

I went to a new restaurant yesterday and was excited to go into the place, and I was really sad when I left. The food was good but a little pricey for my tastes. I was really lamenting that it was a totally different neighborhood than the Jamaica Plain I know. That’s what’s happening. I see a lot of change, and I see a lot of people who are struggling to stay housed, and I see a lot of corporate actors that are taking advantage of that and moving people out in favor of higher-paying tenants. You can’t think that’s happening without connecting it somehow to the JP-Rox plan, which was a pretty radical shift in density and development just along Washington Street. I drive down Washington Street every day to work and it’s just even just thinking about during the pandemic it’s almost recognizable and that’s the challenge.

Q: How does the organization select its public campaigns?

A:

There are many campaigns that are mostly building-based, and sometimes there are multiple buildings. We recently did an action outside of a property at Hyde Park Avenue. The tenants feel their landlords are harassing them and as a result of that, we’re hopeful it will open up some conversations that will end up with everybody in a happy place. We’ve done some marches in East Boston. There are a lot of corpo rate landlord campaigns that we mobilize around and in defense of our neighbors. We’re not trying to pick fights for no reason. We’re doing it because they’re trying to bully and intimidate people. In Malden, the school next door purchased a property and took steps to displace everybody, and the tenants really fought for their best interest and weren’t intimidated out. We spent months of work on that, with vigils and publicity campaigns and working with the city and other nonprofit organizations, and we were able to come up with a resolution that makes everybody happy.

It was a multi-year lease with a modest rent increase, which is exactly what the tenants wanted. They’re not asking for outlandish things. They’re not saying, “Sign over the deed of the property.” They’re saying, “You’re not going to gouge us on the rent as we look for a new place.”

Q: Have you noticed any benefits to tenants from Boston’s new Affirmatively Furthering Fair Housing zoning yet?

BY STEVE ADAMS BANKER & TRADESMAN STAFF

Agroup of community activists founded the Jamaica Plain Tenants Action Group in 1973 to prevent evictions and displacement. The organization, later renamed City Life Vida Urbana, stepped up its activities following the repeal of rent control in 1994 to pressure landlords into maintaining reasonable rents, help residents form tenants associations and partnering with Jamaica Plain Neighborhood Development Corp. on affordable housing production.

Mike Leyba joined the orga nization in 2012 and was named co-director in 2021, sharing lead ership duties with Denise MatthewsTurner. This year, CLVU organized protests to call attention to displacement and rent increases at apartment properties in Chelsea, Jamaica Plain, Mattapan and Medford. In Malden, the group reached an agreement with landlord Mystic Valley Regional Charter School in May to negoti ate collectively with the Maplewood Square Tenants Association after a high-profile organizing campaign.

A: I actually don’t know the answer to that. I’ve tracked it, but the ramifications of having passed that legislation are still a little unclear to me as it relates to new development. It’s hard to talk about that without talking about the BPDA’s inherent conflicts. In any other business, there would be a conflict of interest in what the BPDA does trying to account for the common good and neighborhood-based planning. That’s a good thing, but they’re also accepting developers’ fees to get a project through the process. That incentivizes ramming through a building that may not be in the community’s best interest. It is difficult to navigate, given all the contradictions within the BPDA.

Q: What has the election of Mayor Michelle Wu meant for CLVU’s agenda?

A:

Mayor Wu ran on a very progressive housing policy platform, which many organizations over the years popularized. CLVU and all of our partners have been pushing a lot of the things that Wu ran on [like rent stabilization]. With a command ing margin in winning, you think this is a great having somebody with a similar vision now having a mandate. Now our focus is on making sure we’re taking advantage of the mandate. There’s been four or five years of State House hearings and city hearings, and now we have a pro-rent-control mayor. Even in the polling, 70 percent of Bostonians support rental control. It’s not a matter of if. It’s a matter of how. There are strong opinions on both sides. I hope that it will land somewhere that gives us some strong rent stabilization policies.

MIKE LEYBA

Title: Co-executive director, City Life Vida Urbana Industry experience: 10 years

Taqueria

Mexican Grill

Tenants are not asking for outlandish things. They’re saying, ‘You’re not going to gouge us.’

Non-Bank Lenders Move into HELOC Space

With Rates Climbing, Firms Search for Profits

BY DIANE MCLAUGHLIN BANKER & TRADESMAN STAFF

hile banks and credit unions have long dominated the market for home equity lines of credit, Massachusetts has seen other lenders – both familiar and new – make headway in the second mortgage market amid rapid changes to the industry.

Some of these newer entrants in home equity lending have taken different ap proaches to their prod ucts and processes. A longtime leader in Mas sachusetts’ purchase mortgage market, Guar anteed Rate launched a fixed-rate HELOC a few months ago and has already seen uptake for the product.

Partnering with Guaranteed Rate is fi nancial technology firm Figure, which also provides HELOCs directly to consum ers through a five-minute digital applica tion process. In the first half of 2022, Fig ure ranked among Massachusetts’ top 15 HELOC lenders based on number of loans originated.

Refis No Longer Attractive

With rising interest rates likely keeping borrowers from refinancing out of their first mortgages, homeowners could find a com petitive landscape as lenders and other com panies look to find ways to help them access record high levels of home equity.

“Most mortgage lenders out there are ex ploring or have actually launched a home equity product just because they’ve got a lot of excess capacity within their system,” said Jackie Frommer, Figure’s chief operating offi

Wcer of lending. “They’ve got a lot of customer relationships, and they’re looking to leverage that, and they know the right thing for their customer is not to do a cash-out [refinance], which was the historical answer when there was home price appreciation.”

Historically low interest rates in 2020 and 2021 have left 73 percent of homeown ers nationwide with a mortgage rate below 4 percent, according to John Burns Real Es tate Consulting. The consulting firm has also found that homeowners have on average $229,000 in tappable home equity.

Eric Finnigan, vice president of research and demographics at John Burns Real Estate Consulting, said the amount of tappable eq uity available to home owners has provided an opportunity for lenders, fintechs and other com panies to find innovative ways to help borrowers access this equity in the coming years.

“There’s a huge op portunity for homeown ers to tap their equity,” Finnigan said. “That just opens up a huge opportunity for innovation, and I think we’ll probably see a lot more of that definitely in the next 12 months if rates stay high.”

Guaranteed Rate Leverages

White-Label Product

Massachusetts has seen the issuance of HELOCs increase year-over-year by 34 per cent this year, while cash-out refinances have dropped by 63 percent, according to The Warren Group, publisher of Banker & Trades man.

The Warren Group data shows that Guar anteed Rate’s HELOC activity in Massachu setts began to pick up in May. Through the end of August, the lender had originated 56 loans in the state. Statewide, mortgage compa nies have issued 746 HELOCs over the same period this year.

Boston Fed Prez: More Unemployment Expected

BY DIANE MCLAUGHLIN BANKER & TRADESMAN STAFF

Boston Federal Reserve President Susan M. Collins expects a “some what higher unemployment rate” as the Federal Reserve continues its steps to bring down inflation.

In her first public speech since becoming the Boston Fed president on July 1, Collins said the Fed’s mandate to bring inflation down to 2 percent would provide a level of price stability where consumers and busi nesses would not need to focus on protect ing themselves from eroding purchasing power.

“Actions taken by the FOMC since March, together with the guidance provided in its most recent projections, illustrate policymakers’ resolve to address high infla tion expeditiously, and prevent it from be coming entrenched in expectations,” Collins said.

Collins, the first Black woman to lead one of the U.S. federal reserve banks, spoke Monday at an event sponsored by the Greater Boston Chamber of Commerce.

Pointing to the Fed’s dual mandate on inflation and maximum employment, Col lins said price stability has historically been a precondition of achieving maximum em

ployment on a medium- to long-term basis. She acknowledged the short-term impacts of bringing down inflation.

“I do anticipate that accomplishing our price stability goal will require slower em ployment growth and a somewhat higher unemployment rate,” Collins said. “And I take very seriously that unemployment is painful, and that its costs have dispropor tionately been concentrated among groups that have traditionally been marginalized.”

A voting member in this year’s rotation, Collins has attended two Federal Reserve Open Market Committee meetings since beginning her tenure.

Collins said she was optimistic that lower demand could be achieved without a sig nificant economic downturn, even hitting that target will be “challenging.” She pointed to the strength of household and business balance sheets compared to previous tight ening cycles and the current labor market conditions, where many firms do not have enough workers.

“I think it’s no surprise that as monetary policy moves to a more restrictive stance in order to transition the economy to more sustainable labor market conditions and to bring inflation down, that there is some ap prehension about the possibility of a signifi cant downturn,” Collins said.

Unlike a traditional HELOC, Guaranteed Rate offers a fixed-rate HELOC.

“By providing our customers a fixed-rate HELOC option along with an ability to draw, as and when needed, from the comfort of their homes digitally, Guaranteed Rate is ful filling some key customer needs,” Arun Tripa thi, Guaranteed Rate’s head of new secured lending, said in a statement in July announc ing the fixed-rate product.

While Guaranteed Rate offers and closes the loan, the company uses Figure’s product and technology on a white-label basis.

San Francisco-based Figure, which uses blockchain technology for a variety of finan cial services, created a HELOC product in 2018.

“We were getting a fair amount of traction over the last couple of years that we had it and then recently, given where mortgage rates and given where home price appreciation is, the product has just taken off,” Frommer said.

Through August, Figure had processed almost 500 HELOCs in Massachusetts. The company processed 192 in all of 2021.

This Month in History

WHAT: THE CHELSEA FIRE OF 1973

WHEN: OCT. 14, 1973

WHERE: CHELSEA

• A hot, windy October day, scrap dealers’ stockpiles of tires and other material and low water supply combined to create perfect conditions for a massive conflagration that swept through 18 blocks in Chelsea’s “Rag District,” a light industrial area targeted for urban renewal efforts.

•

The combined efforts of 60 fire departments around the region were barely able to contain a blaze that, thanks to strong winds, leapfrogged over firefighters’ defensive lines. Ultimately, around 300 buildings burned, 600 people were left jobless and around 1,100 were left homeless.

• With the neighborhood to the west of the Tobin Bridge largely resembling what residents at the time described as a war ruin, city officials threw urban renewal efforts into high gear. Five years later to the month, the $15 million Mystic Mall opened its doors, the first of numerous investments in subsequent years by developers like Anthony Simboli, who grossed $71 million from selling an eightbuilding office-and-industrial portfolio in the area in 2019.

“Right after the fire, a lot of people were asked to relocate out of Chelsea, but they flatly refused to relocate to other communities where they were offered housing. Everyone wanted to stay in Chelsea so they could be part of rebuilding their neighborhood.”

— Chelsea City Councilor Leo Robinson to documentarians from the National Fire Protection Association in 1974

Statewide, mortgage companies have issued 746 HELOCs this year through the end of August.

“Home equity is sort of the product du jour right now because of where rates are and home prices are.”

Jackie Frommer, chief operating officer of lending, Figure

Once the center of the “rag trade,” as the recycling industry was once known, Chelsea’s industrial district is now home to a mix of retail, office and industrial uses developed in the wake of a devastat ing 1973 fire.

P hoto by James Sanna Banker & Tradesman Staff

ESTATE

Startup Seeks to Unlock Inventory

“We think the buyers on our platform are highly motivated. They could have been forced to the sidelines by the disconnection between supply and demand. They could be buyers that have their eyes on a particular home, or neigh borhood, or school district or town,” he said. “They have a motivation to put their best foot forward when it comes to an offer.”

These offers are presented to owners anon ymously, with the option of agreeing, rejecting or countering. If the owner likes the offer and the two sides have an agreement in principle, Bluebid introduces them and offers to pass the deal-in-waiting off to a local real estate agent to carry out the transaction and handle detailed negotiations on a dual-agency basis. Bluebid will then take an industry-standard 25 percent cut of the agent’s commission on any final sale, Mackey said.

Mackey said the com pany is giving preference for these leads to agents who sign up with it earlier.

Buyers who’ve already teamed up with an agent before making a winning offer on a home through Bluebid’s portal will have to independently work out an arrange ment with the agent that buys the lead from Bluebid, but won’t be forced to work with them.

“We think we can be the single-best pro vider for those top-of-the-funnel leads for real estate agents around the country, full stop,” Mackey said.

And by using data about how often people typically sell their home, Bluebid also plans to target homeowners likely to sell but who haven’t yet put their homes on the market with ads encouraging them to claim their homes on its platform. It could, Mackey said, potentially generate more inventory for sale at a time when few owners seem willing to put their property on the market.

Will Approach Earn Best Prices?

Industry veterans interviewed by Banker & Tradesman found some merit in Bluebid’s concept.

“The home selling process sucks, and any thing you can do to improve that is good. There’s some value to that,” said Rob Hahn, a Las Vegas-based analyst, Realtor and publisher of the Notorious Rob real es tate blog. “You’ve to make repairs, stage your house, pile all the kids into the minivan and drive them around during a showing.”

But by not listing on the open market, Hahn said, a seller may not get market price. Mackey confirmed that Bluebid won’t provide the homeowner with or make any public estimate of what a house might be worth, even if it may suggest staging tips and other ways to maxi mize a home’s appeal down the line.

“A multiple listings service has been proven time and time again as the way to get your highest and best offer,” said Ryan Castle, CEO of the Cape Cod & Islands Association of Re

GOSSIP REPORT

altors, which operates the state’s second-larg est MLS. “MLSs are transparent and efficient marketplaces. I think people forget how effi cient the market is.”

Off-market listings, where properties are privately marketed among a closed network of agents and their select customers, have also been controversial among Realtors for years. Many say that the practice amounts to a breach of fair housing laws and an ethical lapse by the seller’s agent in not letting the largest number of buyers see a home. The National Association of Realtors tried to crack down on the practice in recent years with its Clear Cooperation pol icy. Many MLS associations not affiliated with NAR also ban their participants from taking part in off-market listings.

MLS Rules Not a Factor

On a technical level, Bluebid sidesteps these issues by not hosting any actual listings on its platform, Mackey said, and by not being an MLS participant. Keeping bidders and sell

ers anonymous also guards against fair hous ing violations and homeowners will also be able to delete their homes from Bluebid’s plat form.

But Mackey also maintains that Bluebid’s service can actually improve the result a buyer gets from the traditional listing process as they test the waters and list “with more data points, and more market feedback.”

“I don’t necessarily disagree with them,” Mackey said of agents who point to the MLS as the best path to finding a seller the highest price. “What I do is point to what’s happening today: 11 percent of all deals are not on the open market.”

Hahn, the analyst, compared Bluebid’s model to a Zillow feature the company quietly eliminated when it joined multiple listings services in recent years. Called “Make Me Move,” it allowed homeowners to name a “dream price” for their property that would get them to potentially sell their home.

2

OSTERVILLE

Address: 159 Main St., Osterville

Price: $18,500,000

Buyer: Chapin 2 RT

Seller: 159 Main Street T

Size: 10,027 square feet on 6.11 acres

Agent: Robert Kinlin, BHHS Robert Paul Properties Sold: 9/15/2022

NANTUCKET

Address: 23-25 Pilgrim Road, Nantucket

Price: $14,500,000

Buyer: 23&25 Pilgrim Road LLC

Seller: Nantucket 23 & 25 Pilgrim LLC

Size: 7,860 square feet on 0.61 acres

Agent: Erin C. Wilson, Fisher Real Estate

Sold: 9/15/2022

A slate of high-end coastal estates dominates this week’s Gossip Report. Each has a gourmet kitchen, impressive public rooms and grounds, and several have saltwater lapping at their property lines, and the docks with boat slips to prove it. One sale – the fifth – is unusual, however. That home’s seller bought the home for the same price in July that it sold the home for last month.

NANTUCKET

Address: 17 Monomoy Road, Nantucket

Price: $12,900,000

Buyer: Seventeen Monomoy Road RT

Seller: 17 Monomoy Road LLC

Size: 7,438 square feet on 0.77 acres

Agent: Cameron Gammill, Fisher Real Estate Sold: 9/12/2022

4

OSTERVILLE

Address: 34 and 52 Caillouet Lane, Osterville

Price: $10,250,000

Buyer: Arthur F. Barrett LT

Seller: Ronald K. Perry and Sheila A. Perry

Size: 8,230 square feet on 3.09 acres

Agent: Robert Kinlin, BHHS Robert Paul Properties

Sold: 9/14/2022

YARMOUTH

Address: 8 Jessie’s Lane, Yarmouth

Price: $9,400,000

Buyer: John W. Stadtler and Suzanne M. Stadtler

Seller: Jessies Lane LLC

Size: 10,951 square feet on 1.32 acres

Sold: 9/16/2022

By targeting its ads at homeowners who are likely to sell, Bluebid Homes hopes to unlock additional inventory at a time when few homeowners are willing to put their property on the market.

“We think we can be the single-best provider of leads for real estate agents around the country.”

Chris Mackey, Bluebid Homes

Startup Seeks to Unlock Inventory

Continued from Page 10

The company only sporadically released sta tistics about the feature’s success, but an Octo ber 2012 press release noted that at the time, the company had over 147,000 of these prop erties in its database.

[Off-market and private sales are] a big enough space that this has to be the primary focus of a viable competitor,” Mackey said. “This is our lane and we’re going to stay in it. It deserves its own software and provider and technology infrastructure. I don’t necessarily believe Make Me Move is the right comp –[Zillow] was doing too many things.”

Perhaps the bigger challenge Bluebid faces is in reeducating consumers about how they list their home, even if most sellers know five or even 10 months in advance that they plan to sell.

Consumer Habits Ingrained

“For us the hardest part was having a seller understand that you could let people know you were thinking of selling your home in ad vance,” said Wendy Gilch, a Pittsburgh-based entrepreneur who founded Selling Later, an online community aimed at connecting future home sellers with prospective buyers, in 2019.

Selling Later has since pivoted to building tools to promote affordability and transpar ency after Gilch’s experience building the company left her convinced the real estate in dustry needed to refocus on consumers.

Mackey said he wants homeowners to eventually use Bluebid to “check on your home the way you would with your 401K or your Charles Schwab account.”

“It’s for responsible homeowners who want to know how much their home is worth, day in and day out, because your home is only worth as much as someone will pay for it,” he said.

If you’re not the sort of person who sees your home as an asset to be managed as assid uously as your retirement savings, Bluebid of fers another benefit: the privacy of never hav ing to put up a “for sale” sign or otherwise have your home show up on a public MLS.

Mackey said Bluebid is engaged in a social media and direct marketing campaign tar geted at homeowners likely to sell, which helped the number of claimed homes on the site to jump from dozens at launch – mostly owned by “friends and family,” he said – to over 200 across Greater Boston within 48 hours. He takes inspiration from the over 40 million homeowners Zillow was able to con vince to claim their home on its site as of 2013, when the company stopped publishing data on the topic.

For now, Bluebid is self-funded following Mackey’s successful exits from past tech com panies, and is using Massachusetts as its test market before seeking venture funding.

But even if it can’t, on its own, induce more homeowners to sell in private sales than are already doing so, Bluebid could still be a suc cess.

“Whether or not we grow that pie of 11 percent [of all home sales made outside an MLS], there’s plenty of meat on the bone for our business,” Mackey said.

Email: jsanna@thewarrengroup.com

Wu’s ZBA Overhaul Not Fast-Tracked

Continued from Page 7

is either overseeing or talking about when it comes to how real estate projects are vetted. These include tough new greenhouse-gas emission standards for building, the poten tial for some form of rent control and de mands for higher percentages of affordable units.

Fair or not, there is perception on part of some developers and real estate attorneys that Wu’s slate of new board members, heavy on community development and nonprofit types, will tilt the board to the left, adding new and potentially expensive or onerous conditions to projects.

However, all that is now on hold, with the City Council on Wednesday hitting the pause

button on Wu’s overhaul of the ZBA.

While supporters of Wu’s push to revamp the ZBA had hoped for a quick vote of ap proval, the council instead sent the nomi nees to transportation and development committee for review and a possible public hearing.

And the chair of that committee? That would be City Councilor Frank Baker, one of the more conservative members of the council and someone potentially less inclined to give a quick green light to Wu’s proposal.

Stay tuned.

Scott Van Voorhis is Banker & Tradesman’s col umnist; opinions expressed are his own. He may be reached at sbvanvoorhis@hotmail.com.

Mortgage Cos. Add HELOC Products

Continued from Page 9

Frommer said the application process for Figure’s direct HELOC takes less than five minutes, and the loan closes within five days, including the three-day rescission pe riod. Rather than a rainy-day fund, the entire amount of the loan is considered drawn.

Fintech Buys Partners’ Loans

“With our product, we’ve seen great performance on it in terms of very mini mal losses because we’re underwriting the person today with the need that they have today as opposed to something that they might want to use it for in a couple of years,” Frommer said.

In addition to Guaranteed Rate, the com pany has partnered with other lenders to offer its HELOC, and Frommer said interest in partnership opportunities continues to grow, including from banks. Currently, Figure buys

Positive coverage helps drive business. Put your coverage to work with a reprint from Banker & Tradesman.

its partners’ loans and then sells them to in vestors. While the company has not yet part nered with a bank, Figure is looking at a pro cess that would allow banks to keep loans on their balance sheets.

Figure is looking to launch other prod ucts to help homeowners tap equity, From mer said, while keeping in mind the ebbs and flows of the market.

“We’re looking at home appreciation and home value as a theme for us,” Frommer said. “Home equity is sort of the product du jour right now because of where rates are and home prices are, but we’re looking at other products as well that we should be launching just to make sure that when the home equity market is less interesting to people, we’ve got some other products that can diversify our of ferings to customers.”

Email: dmclaughlin@thewarrengroup.com

Boston to Streamline Aprovals

Continued from Page 7

“clear and accelerated timelines” for afford able housing developments will work, al though any new process must still include “community engagement and thorough agency review,” Wu’s office said.

In addition, city agencies will be directed to give affordable developments priority sta tus on “any and all meeting schedules” and find ways to streamline aspects of their review processes and eliminate any found to be re dundant.

The order also establishes a tracking sys tem for reviews of affordable housing devel opments and establishes an advisory commit

tee to track implementation of the order and recommend further changes for the review of all development projects moving forward.

“This executive order will require City de partments to prioritize the review of afford able housing developments and create new processes that will streamline our work and the work of our development partners,” Chief of Housing Sheila Dillon said in a statement.

“We know that access to affordable housing helps stabilize the lives of those who receive it – giving them predictability in budgeting, and allowing them to put down roots in our neighborhoods. This prioritization is the right thing to do.”

HOT PROPERTY

WHAT: THE VILLAGE WORKS

WHERE: 761-773 CENTRE ST., JAMAICA PLAIN OWNER: 769 CENTRE STREET LLC BUILT: 2022

• A historic, 15,000-square-foot retail block in Boston’s Jamaica Plain neighborhood has been gut-renovated into a new, 7,500-square-foot coworking space called The Village Works.

• To accommodate the new tenant, Kaplan Construction installed new insulation and converted the lower level of an adjacent tenant, a hair salon, into a staff breakroom and area for back-of-house operations. A bar for building users was also added to the building’s multi-level, glass-roofed shared courtyard.

• System upgrades include all-new mechanical, electrical, plumbing, fire safety, water service and gas service, and several new windows were cut in the walls and skylights added to the ceiling. Other tenants in the building, including Espresso Yourself, Vee Vee Restaurant, Station 8 Salon, and fashion retailer Salmagundi, received new safety systems as part of the renovation, while the roof and facade were restored and a groundwater recharge system was added to the property.

THEY SAID IT:

“We are an independent neighborhood co-working space with a goal of supporting our local neighbors and creating a work home away from home. Kaplan took good care of us from the very start and created an amazing high-performance space designed for the health, happiness, and productivity of our members.”

— Lisa Wasserman Sivan, co-founder, The Village Works

THINK YOUR PROPERTY IS HOT?

Drop Steve a line at sadams@thewarrengroup.com

Each week, Banker & Tradesman commercial real estate reporter Steve Adams spotlights a commercial real estate property in Massachusetts notable for its high deal activity, unique design or one-of-a-kind special features.

P hoto courtesy of Kaplan Construction

P hoto by

Jeremiah Robinson| Boston Mayor’s Office

Boston Mayor Michelle Wu answers a question from Greater Boston Chamber of Commerce CEO Jim Rooney during a breakfast event sponsored by the Chamber on Sept. 29, 2022.

$550,000 $500,000 $450,000

$350,000 $300,000

Median Price Change Prior YearYear

Aug. 2018 $404,250 6.38%

Aug. 2019 $420,000 3.9%

Aug. 2020 $480,000 14.29%

Aug. 2021 $535,000 11.46%

Aug. 2022 $565,000 5.61%

TO OUR CUSTOMERS

The Warren Group and Banker & Tradesman sincerely appreciate your patience over the past two years. The majority of registries and courts are now open and Banker & Tradesman has resumed its previous collec tion to print schedule. There are still some data collection issues as individ ual offices may have to temporarily close. We will collect that information as soon as it is available and include it here in the records section. Please call 617-896-5367 or email customerservice@thewarrengroup.com if you have any questions.

Cassidy Norton Associate Publisher, The Warren Group

REAL ESTATE RECORDS

B2 Suffolk 09/16/22

B4 Barnstable 09/16/22

B6 Berkshire Middle 09/16/22

B6 Berkshire North 09/16/22

B6 Berkshire South 09/16/22

B7 Bristol Fall River 09/16/22

B7 Bristol North 09/16/22

B8 Bristol South 09/16/22

B8 Dukes 09/16/22

B9 Essex North 09/16/22

B9 Essex South 09/16/22

B11 Franklin 09/16/22

B12 Hampden 09/16/22

B13 Hampshire 09/16/22

B14 Middlesex North 09/16/22

B15 Middlesex South 09/16/22

B18 Nantucket 09/16/22

B18 Norfolk 09/16/22

B20 Plymouth 09/16/22

B22 Worcester 09/16/22

B25 Worcester North 09/16/22

CREDIT RECORDS

B26

09/16/22

Franklin 09/16/22

Hampden 09/16/22

Hampshire 09/16/22

Middlesex North 09/16/22

Middlesex South 09/16/22

Nantucket 09/16/22

Norfolk 09/16/22

Plymouth 09/16/22

09/16/22

09/16/22

Suffolk Registry

Stephen J. Murphy, Register

24 New Chardon St., Court House Boston, MA. 02144-9660

Telephone: (617) 788-8575

www.suffolkdeeds.com

Boston

MARKET STATISTICS THROUGH AUGUST YTD 2021 YTD 2022

Number of 1-Fam Sales 39 40

Median Price $3,475,000 $3,675,000

▶ REAL ESTATE SALES

49 APPLETON ST $3,695,000

B: Gregory Verdine

S: Dennis E Condon & Robert J Cummings

Book/Page: 68214/329, Date: 09/16/22

Mtg: US Bank NA $2,956,000

Type: Adj

Use: 3 Bdrm Row-middle, Lot: 1040sf

8 BALDWIN PL $750,000

B: Pap Holdings LLC

S: Paul J Pino Tr, Tr for P&G Pino FT

Book/Page: 68206/44, Date: 09/14/22

Use: Apartment Bldg - 4-8 Units, Lot: 685sf

581 BOYLSTON ST $19,550,000

B: Tic Owner 1 LLC & Tic Owner 2 LLC

S: Abraham Copley Square LP Book/Page: 68207/60, Date: 09/14/22

Mtg: Northern Bk & Tr $14,625,000

Use: Office Bldg-general, Lot: 5376sf 188 BROOKLINE AVE U:24K $2,799,000

B: Robert A Brown & Beverly A Brown

S: Thomas P Bloch & Jessica Wolfe

Book/Page: 68201/322, Date: 09/13/22

Mtg: Boston University $800,000

Use: 2 Bdrm Condo

2 CLARENDON ST U:204 $630,000

B: Irlanda G Paulino

S: Laura A Edelstein

Book/Page: 68211/128, Date: 09/15/22

Mtg: Washington Trust Mtg $504,000

Type: Adj

Use: 1 Bdrm Condo, Lot: 609sf

Town Name Registry

Abington Plymouth Acton Middlesex South Acushnet Bristol South Adams Berkshire North Agawam Hampden Alford Berkshire South Allston Suffolk Amesbury Essex South Amherst Hampshire Andover Essex North Aqinnah Dukes Arlington Middlesex South Ashburnham Worcester North Ashby Middlesex South Ashfield Franklin Ashland Middlesex South Athol Worcester Attleboro Bristol North Auburn Worcester Avon Norfolk Ayer Middlesex South Barnstable Barnstable Barre Worcester Becket Berkshire Middle Bedford Middlesex South Belchertown Hampshire Bellingham Norfolk Belmont Middlesex South Berkley Bristol North Berlin Worcester Bernardston Franklin Beverly Essex South Billerica Middlesex North Blackstone Worcester Blandford Hampden Bolton Worcester Boston Suffolk Bourne Barnstable Boxboro Middlesex South Boxford Essex South Boylston Worcester Braintree Norfolk Brewster Barnstable Bridgewater Plymouth Brighton Suffolk Brimfield Hampden Brockton Plymouth Brookfield Worcester Brookline Norfolk Buckland Franklin Burlington Middlesex South Cambridge Middlesex South Canton Norfolk Carlisle Middlesex North Carver Plymouth Centerville Barnstable Charlemont Franklin Charlestown Suffolk Charlton Worcester Chatham Barnstable Chelmsford Middlesex North Chelsea Suffolk Cheshire Berkshire North Chester Hampden Chesterfield Hampshire Chicopee Hampden Chilmark Dukes Clarksburg Berkshire North Clinton Worcester Cohasset Norfolk Colrain Franklin Concord Middlesex South Conway Franklin

285 COLUMBUS AVE U:407 $1,351,000

B: Jae W Kim

S: Helene E Garber Tr, Tr for Helene E Garber 2002 FT

Book/Page: 68208/330, Date: 09/15/22

Mtg: First Republic Bk $1,080,800

Type: Adj

Use: 2 Bdrm Condo, Lot: 1240sf

Prior Sale: $1,209,000 (08/15)

474 COLUMBUS AVE U:2 $1,650,000

B: Emily Summit & Austin Cleary

S: Timothy S Head & Stacey E Head Book/Page: 68208/210, Date: 09/15/22

Mtg: First Republic Bk $1,320,000

Use: 3 Bdrm Condo, Lot: 1375sf

Prior Sale: $1,265,000 (06/15)

120 COMMERCIAL ST U:6-3 $655,000

B: Chinh Nguyen & Michelle Nguyen

S: Lawrence W Cain & Caterina J Cain Book/Page: 68211/32, Date: 09/15/22

Mtg: Prime Lending Inc $480,000

Use: 2 Bdrm Condo, Lot: 753sf

Prior Sale: $589,000 (10/16)

390 COMMONWEALTH AVE U:101 $3,650,000

B: Mast Property Mgmt LLC

S: Antonina T Vonwelz Tr, Tr for 398 Commonwealth Ave RT Book/Page: 68216/343, Date: 09/16/22

Mtg: Eastern Bank $2,450,000

Use: Office Condo Unit, Lot: 2552sf

390 COMMONWEALTH AVE U:A2B $3,650,000

B: Mast Property Mgmt LLC

S: Antonina T Vonwelz Tr, Tr for 398 Commonwealth Ave RT Book/Page: 68216/343, Date: 09/16/22

Mtg: Eastern Bank $2,450,000

Use: Condo, Lot: 432sf

19 CORTES ST U:12 $489,000

B: Matthew B Ross & Julia Depinto S: William S Patten Book/Page: 68199/341, Date: 09/13/22

Mtg: Guaranteed Rate Inc $440,100

Use: Condo, Lot: 460sf

12-12A DERNE ST $1,500,000

B: 12 Derne LLC

S: Henry K Yee Tr, Tr for Yee NT Book/Page: 68210/342, Date: 09/15/22

Mtg: First Boston Cnst Hld $1,550,000

Use: Mixed Use-prim Res & Comm, Lot: 900sf

85 E INDIA ROW U:36E $2,230,000

B: Joseph J Albanese

S: Peter F Kiely Tr, Tr for Peter F Kiely T Book/Page: 68201/170, Date: 09/13/22

Mtg: UBS Bank USA $1,672,500

Type: Adj

Use: 1 Bdrm Condo, Lot: 866sf

85 E INDIA ROW U:36F $2,230,000

B: Joseph J Albanese

S: Peter F Kiely Tr, Tr for Peter F Kiely T Book/Page: 68201/170, Date: 09/13/22

Mtg: UBS Bank USA $1,672,500

Type: Adj

Use: 2 Bdrm Condo, Lot: 1638sf

30 GLOUCESTER ST U:C $1,000,000

B: PML L Street LLC

S: Gaetano G Brancaleone Tr, Tr for G G&M G Brancaleone RET

Book/Page: 68210/260, Date: 09/15/22

Use: Retail Condo, Lot: 1405sf

26 ISABELLA ST U:6 $792,500

B: Opal Kramer Ent LLC & Ahst 279 LLC S: Mary J Hanlon Book/Page: 68195/217, Date: 09/12/22

Use: 2 Bdrm Condo, Lot: 775sf

Prior Sale: $695,000 (12/15)

132 LINCOLN ST U:10 $625,000

B: 132 Lincoln T LLC

S: Siew W Tso Tr, Tr for Tl Lincoln Loft RT Book/Page: 68213/333, Date: 09/15/22

Mtg: Webster Bank $350,000

Use: Office Condo Unit, Lot: 1448sf

166 MARLBOROUGH ST U:1 $3,975,000

B: Susan A Gentile Tr, Tr for Gentile 2002 RET

S: Thomas Reardon Tr, Tr for Thomas Reardon RET Book/Page: 68196/334, Date: 09/13/22

Mtg: First Republic Bk $2,583,750

Type: Adj

Use: 4 Bdrm Condo, Lot: 1830sf

Prior Sale: $4,945,000 (07/19)

120 MOUNTFORT ST U:302 $1,100,000

B: Zhen Huang

S: Christopher D Baggaley & Joanne D Baggaley Book/Page: 68210/153, Date: 09/15/22

Mtg: Provident Fund Assoc $345,000

Use: 2 Bdrm Condo, Lot: 1200sf Prior Sale: $995,000 (05/19)

425 NEWBURY ST U:C123 $250,000

B: Mast Property Mgmt LLC

S: Antonina T Vonwelz Tr, Tr for Welz Somerset Garage RT Book/Page: 68217/42, Date: 09/16/22

Use: Condo Parking-residential, Lot: 144sf

425 NEWBURY ST U:C125 $250,000

B: Mast Property Mgmt LLC

S: Antonina T Vonwelz Tr, Tr for Welz Somerset Garage RT Book/Page: 68217/42, Date: 09/16/22

Use: Condo Parking-residential, Lot: 144sf

350 NORTH ST U:402 $1,085,000

B: Karen Puopolo

S: Lisa M Gagnon Book/Page: 68197/326, Date: 09/13/22

Use: 2 Bdrm Condo, Lot: 1176sf

Prior Sale: $885,000 (09/15)

131 PEMBROKE ST U:1 $1,450,000

B: Philip J Landry & Allison Kreider-Landry

S: James M Mascia & Stephanie M Mascia Book/Page: 68211/66, Date: 09/15/22

Mtg: Cross Country Mtg Inc $1,160,000

Type: Adj Use: 2 Bdrm Condo, Lot: 1265sf Prior Sale: $775,000 (10/18)

137 PEMBROKE ST U:1 $715,000

B: Kristal L Cardone

S: Philip J Landry & Allison L Kreider Book/Page: 68206/262, Date: 09/14/22

Mtg: Guaranteed Rate Inc $635,000

Use: 1 Bdrm Condo, Lot: 553sf Prior Sale: $676,000 (08/19)

121-127 PORTLAND ST U:308 $271,459

B: Gleb G Alekseev

S: Jordan E Roberts Book/Page: 68218/280, Date: 09/16/22

Mtg: Fairway Ind Mtg $201,459 Use: 1 Bdrm Condo

62 QUEENSBERRY ST U:306 $514,000

B: Xinhui Liu

S: Amy Z Chu Tr, Tr for Amy&Quansheng LT Book/Page: 68206/132, Date: 09/14/22

Use: 1 Bdrm Condo, Lot: 643sf

135 SEAPORT RESIDENTIAL CONDO U:1011 $1,219,500

B: Nemeh E Sabbagh & Maha T Sabbagh

S: Boston Seaport M1&2 Lan & Nemeh E Sabbagh Book/Page: 68211/301, Date: 09/15/22

Use: Condo

110 STUART ST U:24E $1,895,000

B: Ilsoo Longiaru & Peter Longiaru

S: Molly C Semerene Tr, Tr for JB Suffolk RT

Book/Page: 68193/279, Date: 09/12/22

Use: 2 Bdrm Condo, Lot: 1714sf

Prior Sale: $1,795,000 (05/13)

110 STUART ST U:25H $1,255,600

B: Sachin Hohar & Chitrakshi Munjal S: Utkarsh Acharya Book/Page: 68210/29, Date: 09/15/22

Mtg: Family First Fund LLC $941,700

Type: Adj

Use: 1 Bdrm Condo, Lot: 1035sf

Prior Sale: $1,175,000 (01/19)

45 TEMPLE ST U:601 $4,500,000

B: Barbara Ehret Tr, Tr for Barbara Ehret 2004 RET S: JDMD Owner LLC Book/Page: 68219/57, Date: 09/16/22

Use: 2 Bdrm Condo

40 TRAVELER ST U:608 $1,420,000

B: George Clifford & Susan Clifford S: Susannah Sipe & Michael Spera Book/Page: 68193/151, Date: 09/12/22

Use: 2 Bdrm Condo

43 UPTON ST U:1 $1,800,000

B: Robert S Mitttleman & Jill Solomon

S: Leslie S Frank Tr, Tr for Leslie S Frank 2009 RET Book/Page: 68209/95, Date: 09/15/22

Mtg: Bank of America NA $1,100,000

Type: Adj

Use: 2 Bdrm Condo, Lot: 1880sf 205 W 8TH ST U:2 $850,000 B: Jennifer Chee

S: Derick Thompson Book/Page: 68194/59, Date: 09/12/22

Mtg: Berkshire Bank $730,000

Type: Adj Use: 2 Bdrm Condo

410 W BROADWAY U:405 $1,065,000

B: Inigo M Herrero & Oriana M Chacin S: Ty Shen Book/Page: 68199/80, Date: 09/13/22

Mtg: Berkshire Bank $905,250

Type: Adj Use: 2 Bdrm Condo

TOWN/REGISTRY GUIDE

Cotuit Barnstable Cummington Hampshire Dalton Berkshire Middle Danvers Essex South Dartmouth Bristol South Dedham Norfolk Deerfield Franklin Dennis Barnstable Dighton Bristol North Dorchester Suffolk Douglas Worcester Dover Norfolk Dracut Middlesex North Dudley Worcester Dunstable Middlesex North Duxbury Plymouth East Boston Suffolk East Bridgewater Plymouth East Brookfield Worcester East Longmeadow Hampden Eastham Barnstable Easthampton Hampshire Easton Bristol North Egremont Berkshire South Erving Franklin Essex Essex South Everett Middlesex South Fairhaven Bristol South Fall River Bristol Fall River Falmouth Barnstable Fitchburg Worcester North Florida Berkshire North Foxboro Norfolk Framingham Middlesex South Franklin Norfolk Freetown Bristol Fall River

Gardner Worcester Georgetown Essex South Gill Franklin Gloucester Essex South Goshen Hampshire Grafton Worcester Gosnold Dukes Granby Hampshire Granville Hampden Great Barrington Berkshire South Greenfield Franklin Greenwich Hampshire Groton Middlesex South Groveland Essex South

Hadley Hampshire Halifax Plymouth Hamilton Essex South Hampden Hampden Hancock Berkshire North Hanover Plymouth Hanson Plymouth Hardwick Worcester Harvard Worcester Harwich Barnstable Hatfield Hampshire Haverhill Essex South Hawley Franklin Heath Franklin Hingham Plymouth Hinsdale Berkshire Middle Holbrook Norfolk Holden Worcester Holland Hampden Holliston Middlesex South Holyoke Hampden Hopedale Worcester

Hopkinton Middlesex South Hubbardston Worcester Hudson Middlesex South Hull Plymouth Huntington Hampshire Hyannis Barnstable Hyde Park Suffolk Ipswich Essex South Jamaica Plain Suffolk Kingston Plymouth Lakeville Plymouth Lancaster Worcester Lanesboro Berkshire North Lawrence Essex North Lee Berkshire Middle Leicester Worcester Lenox Berkshire Middle Leominster Worcester North Leverett Franklin Lexington Middlesex South Leyden Franklin Lincoln Middlesex South Littleton Middlesex South Longmeadow Hampden Lowell Middlesex North Ludlow Hampden Lunenburg Worcester North Lynn Essex South Lynnfield Essex South

Malden Middlesex South Manchester Essex South Mansfield Bristol North Marblehead Essex South Marion Plymouth Marlborough Middlesex South Marshfield Plymouth Marstons Mills Barnstable Mashpee Barnstable Mattapan Suffolk Mattapoisett Plymouth Maynard Middlesex South Medfield Norfolk Medford Middlesex South Medway Norfolk Melrose Middlesex South Mendon Worcester Merrimac Essex South Methuen Essex North Middleboro Plymouth Middlefield Hampshire Middleton Essex South Milford Worcester Millbury Worcester Millis Norfolk Millville Worcester Milton Norfolk Monroe Franklin Monson Hampden Montague Franklin Monterey Berkshire South Montgomery Hampden Mt Washington Berkshire South Nahant Essex South Nantucket Nantucket Natick Middlesex South Needham Norfolk New Ashford Berkshire North New Bedford Bristol South New Braintree Worcester New Marlboro Berkshire South New Salem Franklin Newbury Essex South Newburyport Essex South

Newton Middlesex South Norfolk Norfolk North Adams Berkshire North North Andover Essex North North Attleboro Bristol North North Brookfield Worcester North Reading Middlesex South Northampton Hampshire Norhborough Worcester Northbridge Worcester Northfield Franklin Norton Bristol North Norwell Plymouth Norwood Norfolk Oak Bluffs Dukes Oakham Worcester Orange Franklin Orleans Barnstable Osterville Barnstable Otis Berkshire Middle Oxford Worcester Palmer Hampden Paxton Worcester Peabody Essex South Pelham Hampshire Pembroke Plymouth Pepperell Middlesex South Peru Berkshire Middle Petersham Worcester Phillipston Worcester Pittsfield Berkshire Middle Plainfield Hampshire Plainville Norfolk Plymouth Plymouth Plympton Plymouth Princeton Worcester Provincetown Barnstable Quincy Norfolk Randolph Norfolk Raynham Bristol North Reading Middlesex South Rehoboth Bristol North Revere Suffolk Richmond Berkshire Middle Rochester Plymouth Rockland Plymouth Rockport Essex South Roslindale Suffolk Rowe Franklin Rowley Essex South Roxbury Suffolk Royalston Worcester Russell Hampden Rutland Worcester Salem Essex South Salisbury Essex South Sandisfield Berkshire South Sandwich Barnstable Saugus Essex South Savoy Berkshire North Scituate Plymouth Seekonk Bristol North Sharon Norfolk Sheffield Berkshire South Shelburne Franklin Sherborn Middlesex South Shirley Middlesex South Shrewsbury Worcester Shutesbury Franklin Somerset Bristol Fall River Somerville Middlesex South South Boston Suffolk South Hadley Hampshire

110 W CONCORD ST U:2 $1,500,000

B: Cassandra Comstock & Mark I Comstock

S: Gretchen Keyworth Tr, Tr for G Keyworth 2010 RET Book/Page: 68210/60, Date: 09/15/22

Mtg: First Republic Bk $1,200,000

Use: 2 Bdrm Condo, Lot: 1368sf

111 WALWORTH ST U:2 $630,000

B: Andrew Newton & Leah Boylan

S: Benjamin P Cederberg & Eileen V Barrer Book/Page: 68204/96, Date: 09/14/22

Mtg: Digital FCU $530,000 Use: 4 Bdrm Condo

85-87 WENDELL ST $1,750,000

B: 85 TBH LLC

S: Broad 115 Equity Partners Book/Page: 68194/147, Date: 09/12/22

Mtg: Quincy Inv Holdings L $1,487,500

Use: Office Bldg-general, Lot: 1186sf

Prior Sale: $27,500,000 (05/19)

73 WORCESTER ST U:1 $960,000

B: Derek Valentine & Alexander Woods-Scheufler

S: Jennifer Delgado Doc#: 000000000937911, Date: 09/16/22

Mtg: Homebridge Financial $720,000

Use: 2 Bdrm Condo, Lot: 1280sf

Prior Sale: $750,000 (08/13)

Allston

MARKET STATISTICS THROUGH AUGUST YTD 2021 YTD 2022

Number of 1-Fam Sales 5 9

Median Price $831,550 $825,000

▶ REAL ESTATE SALES

161 ALLSTON ST $3,000,000

B: Calle Allston LLC

S: One Sixty One Allston LLC Doc#: 000000000937811, Date: 09/13/22

Mtg: Winchester Svgs Bk $3,354,000

Use: Apartment Bldg - 4-8 Units, Lot: 3765sf

59 BRAINERD RD U:217 $790,000

B: Yifan Wang

S: Carolina Photiades Tr, Tr for Pamic RT Book/Page: 68221/1, Date: 09/16/22

Use: 2 Bdrm Condo, Lot: 1243sf 1258 COMMONWEALTH AVE U:16 $429,000

B: 330 Saint Paul St LLC

S: Hon Y Wong & Valerie Wong Book/Page: 68193/91, Date: 09/12/22

Use: 2 Bdrm Condo, Lot: 806sf

1307 COMMONWEALTH AVE U:7 $412,000

B: Meng Cheng & Qin Huang

S: Xiaoxue Li Book/Page: 68194/313, Date: 09/12/22

Mtg: Rocket Mortgage LLC $300,000

Use: 2 Bdrm Condo, Lot: 580sf Prior Sale: $410,000 (01/20)

Southampton Hampshire Southborough Worcester Southbridge Worcester Southwick Hampden Spencer Worcester Springfield Hampden Sterling Worcester Stockbridge Berkshire Middle Stoneham Middlesex South Stoughton Norfolk Stow Middlesex South Sturbridge Worcester Sudbury Middlesex South Sunderland Franklin Sutton Worcester Swampscott Essex South Swansea Bristol Fall River Taunton Bristol North Templeton Worcester Tewksbury Middlesex North Thorndike Hampden Tisbury Dukes Tolland Hampden Topsfield Essex South Townsend Middlesex South Truro Barnstable Tyngsboro Middlesex North Tyringham Berkshire Middle Upton Worcester Uxbridge Worcester Wakefield Middlesex South Wales Hampden Walpole Norfolk Waltham Middlesex South Ware Hampshire Wareham Plymouth Warren Worcester Warwick Franklin Washington Berkshire Middle Watertown Middlesex South Wayland Middlesex South Webster Worcester Wellesley Norfolk Wellfleet Barnstable Wendell Franklin Wenham Essex South West Boylston Worcester West Bridgewater Plymouth West Brookfield Worcester West Newbury Essex South West Roxbury Suffolk West Springfield Hampden West Stockbridge Berkshire South West Tisbury Dukes Westborough Worcester Westfield Hampden Westford Middlesex North Westhampton Hampshire Westminster Worcester North Weston Middlesex South Westport Bristol South Westwood Norfolk Weymouth Norfolk Whately Franklin Whitman Plymouth Wilbraham Hampden Williamsburg Hampshire Williamstown Berkshire North Wilmington Middlesex North Winchendon Worcester Winchester Middlesex South Windsor Berkshire North Winthrop Suffolk

Woburn Middlesex South Worcester Worcester Worthington Hampshire Wrentham Norfolk Yarmouth Barnstable

Village Town Annisquam Gloucester Assabet Maynard Assonet Freetown Auburndale Newton Bass River Yarmouth Bradford Haverhill Brant Rock Marshfield Bryantville Pembroke Buzzards Bay Bourne Byfield Newbury Cataumet Bourne Cedarville Plymouth Chestnut Hill Newton Cochituate Natick Feeding Hills Agawam Fiskdale Sturbridge Florence Northampton Fort Devens Ayer Forestdale Sandwich Gilbertville Hardwick Glendale Stockbridge Gosnold Edgartown Green Harbor Marshfield Haydenville Northampton Humarock Scituate Indian Orchard Springfield Islington Westwood Jefferson Holden Leeds Northampton Linwood Northbridge Magnolia Gloucester Manomet Plymouth Mill River New Marlboro Millers Falls Greenfield Monponsett Halifax New Seabury Mashpee Nutting Lake Billerica Ocean Bluff Marshfield Onset Wareham Pinehurst Billerica Pocasset Bourne Prides Crossing Beverly Sagamore Bourne Saxonville Framingham Shattuckvile Colrain Sheldonville Wrentham Siasconset Nantucket Teaticket Falmouth Three Rivers Palmer Turners Falls Greenfield Waban Newton Waquoit Barnstable Waverly Belmont Wellington Medford Whitinsville Northbridge Woods Hole Falmouth Woronoco Westfield

How to Read The Real Estate Records

The information appearing in this newspaper is taken from deed and mortgage documents filed at each of the twenty-one registries of deeds in the state. All property transfers with a sales price of at least $100 and all term-mortgage documents are collected.

Whenever possible, we combine the separate deed and mortgage documents so that we can present one complete record of the street address, purchase price, lender and mortgage amount. When we cannot link a deed with a mortgage (and vice versa) each transaction appears individually.

Real estate records are organized alphabetically by registry, then town, then by street name within a subhead (Real Estate Sales, Foreclosure Deeds, or Mortgages.) The exception is Suffolk Registry and the City of Boston which appear first.

L The statistics at the begin ning of each town are for all single-family home sales with a purchase price of $100 and above from January through the most recent complete cal endar month.

L The amount appearing on the same line as the street address is the purchase price from the deed. We print “No Amt Given” when the amount did not appear on the docu ment we review. “No Street Given” appears in place of the street address when it was not available. The volume, page of the deed and filing date appear for all sales.

The mortgage lender and the amount of the mortgage used to purchase the prop erty are shown. Any second mortgage (Mtg2) filed at the same time as the deed will also appear here.

L In communities where we have a file of all properties from the assessor’s office, we provide additional property details when available. This is done by exactly matching the address and seller name from the new sales record with the address and owner name found in the property file. No descrip tive data appears whenever there is any doubt that the two records are the same property.

The “Use” is based on the code the assessor assigns to each building on a parcel. Whenever there is more than one use code or more than one building on a parcel, we flag these as “Multi-use” and “Multibldg” respectively.

L These deeds transfer title to the lender after the mortgage is foreclosed (unless there is a higher bidder at the auction.) The amount in these transac tions is usually the amount of the outstanding mortgage that was foreclosed.

MARKET STATISTICS THROUGH FEBRUARY YTD 1993 YTD 1994

Number of Sales 17 23 Median Price $47,000 $85,000

••Year-to-Date (YTD) statistics for all singlefamily home transactions within our price range criteria.

▶ REAL ESTATE SALES

315 MAIN ST U:15. $98,000

Pleasant Towers Condo B:John Doe & Mary Smith

S:Jane Jones & Thomas Jones

Mtg:Main Street Bank $70,000 Mtg2:Seller $8,400

Prior Sale:$93,000 (11/90)

• The first two buyer (B) names and seller (S) names listed on the deed are shown.

• Prior sale data (back to 1982) appears only when the address of the new sale matches exactly with the address of the older sale in our database.

87 EASTON ST $18,500

B: Karim F Lalji & Saiba D Lalji

S: Karim F Lalji Book/Page: 68203/189, Date: 09/14/22

Mtg: Movement Mtg LLC $711,000

Use: 3-Family Decker, Lot: 7000sf

Brighton

MARKET STATISTICS THROUGH AUGUST YTD 2021 YTD 2022

Number of 1-Fam Sales 30 25

Median Price $862,500 $875,000

▶ REAL ESTATE SALES

185 CHESTNUT HILL AVE U:19 $353,000

B: Yian Chen & Lu Zhang S: Qian Feng Doc#: 000000000937937, Date: 09/16/22

Use: 1 Bdrm Condo, Lot: 483sf

Prior Sale: $290,000 (09/16)

39 ENGLEWOOD AVE U:5 $392,500

B: Florina Tynyanova & Israel Klipker

S: Scott N Mlynarski

Book/Page: 68207/142, Date: 09/14/22

Use: 2 Bdrm Condo, Lot: 780sf

21 GREYCLIFF RD $1,570,000

B: Greycliff LLC

S: Dajun Pang & Chain Ping Ye Book/Page: 68195/66, Date: 09/12/22

Mtg: Civic Financial Svcs $1,099,000

Use: 2-Family Conventional, Lot: 4950sf

112 LAKE SHORE RD U:4 $435,000

B: Lutof G Awdeh & Amal G Awdeh

S: Zixin Wei Book/Page: 68218/124, Date: 09/16/22

Mtg: Evolve B&T $235,000

Use: 2 Bdrm Condo, Lot: 825sf

Prior Sale: $320,000 (07/13)

9 LAKE SHORE TER U:2 $500,000

B: Daniel Nelson

S: Mariusz Brzyzek & Patricia Brzyzek Book/Page: 68217/290, Date: 09/16/22

Use: 2 Bdrm Condo, Lot: 826sf

Prior Sale: $480,000 (12/18)

120 LANARK RD U:3 $377,000

B: Diana L Nigg & Bryan T Nigg

S: Bonfiglio Sandra Est & James Bonfiglio Book/Page: 68213/310, Date: 09/15/22

Use: 1 Bdrm Condo, Lot: 627sf

51 N BEACON ST U:51 $775,000

B: Naomi S Shin & Dana S Digregorio S: PM 2 Series LLC

Book/Page: 68219/86, Date: 09/16/22

Mtg: Key Bank NA $500,000

Type: Adj

Use: 2 Bdrm Condo, Lot: 2312sf

87-89 NOTTINGHILL RD $1,111,111

B: A LLC LLC

S: Patrick Mcdevitt Tr, Tr for 87-89 Nottinghill Road NT Doc#: 000000000937766, Date: 09/13/22

Mtg: Boston T Financial $1,000,000

Use: 2-Family Conventional, Lot: 2435sf 7 PORTINA RD $1,330,000

B: Jiuqing Lin & Xiaoping Wu

S: Yixuan Yin & Qionglin Yin Doc#: 000000000937934, Date: 09/16/22

Mtg: First IC Bank $619,000

Use: 2-Family Two Family, Lot: 4998sf

Prior Sale: $1,299,999 (08/18) 29 PRISCILLA RD U:1 $1,618,000

B: Torah Academy Inc S: Jonathan Katz & Rachel Gold Doc#: 000000000937841, Date: 09/15/22

Mtg: Rockland Tr Co $200,000 Use: 2 Bdrm Condo, Lot: 1173sf

Bdrm Colonial, Lot:6459sf Prior Sale:$170,000 (9/89)

• “Use” distinguishes residential homes from land sales and commercial sales.

• For residential homes, the number of bedrooms and house style appear when available.

• The lot size (Lot)

Prior Sale: $605,000 (12/19)

49-51 SHANNON ST $955,000

B: Xiuqin Huang & Zhong G Huang S: Kelly J Hardiman & Sean Tempesta Book/Page: 68202/46, Date: 09/13/22

Mtg: Eastern Bank $764,000 Use: 2-Family Conventional, Lot: 3594sf

19 SPARHAWK ST U:2 $800,000

B: Zachary Baum

S: Roberts Kelly L Est & Donna Rees Book/Page: 68219/140, Date: 09/16/22

Use: 3 Bdrm Condo, Lot: 1617sf

26 WAVERLY ST U:206 $446,000

B: Krishna Pulakhandam Tr, Tr for Pulakhandam Kundoor LT

S: Concetta Guarino Book/Page: 68217/196, Date: 09/16/22

Mtg: Workers Credit Union $322,500 Type: Adj

Use: 2 Bdrm Condo, Lot: 780sf

Charlestown

MARKET STATISTICS THROUGH AUGUST YTD 2021 YTD 2022

Number of 1-Fam Sales 52 47

Median Price $1,367,500 $1,381,500

▶ REAL ESTATE SALES

22 ALBION PL U:1 $950,000

Chelsea

MARKET STATISTICS THROUGH AUGUST YTD 2021 YTD 2022

Number of 1-Fam Sales 24 28

Median Price $476,500 $592,500

▶ REAL ESTATE SALES

175 COTTAGE ST U:614 $420,000

B: Pavel Sapeha S: Deborah C Bristow Doc#: 000000000937794, Date: 09/13/22

Use: 2 Bdrm Condo

Prior Sale: $248,500 (06/15)

15 EUSTIS ST $111,169

B: Bernier Gilles

S: Viergetha Felix Tr, Tr for 15 Eustis Street RT Book/Page: 68198/267, Date: 09/13/22

Mtg: Amerisave Mtg Corp $326,500

Use: 5 Bdrm Colonial, Lot: 3602sf

Prior Sale: $270,000 (02/14)

30 SHURTLEFF ST $675,000

B: Daniel Strawser & Mary Strawser

S: Katherine C Beattie Tr, Tr for K C Beattie Asset T Book/Page: 68217/169, Date: 09/16/22

Mtg: Cross Country Mtg Inc $540,000

Use: 3 Bdrm Conventional, Lot: 2975sf

300 SPRUCE ST $872,000

B: Stark International LLC

S: Paul Freedman Book/Page: 68211/59, Date: 09/15/22

Use: 3-Family Family Flat, Lot: 2145sf

Prior Sale: $500,000 (07/16)

27 SUFFOLK ST U:1 $539,000

B: Henry Rincon & Karol Camacho S: Cassandra Leetz & Ryan M Leetz Book/Page: 68213/261, Date: 09/15/22

Mtg: US Bank NA $431,200

Use: 2 Bdrm Condo

64 WINTHROP RD $465,000

B: Luisa F Lopera & Mario E Gutierrez

S: Anthony Cardone & John L Cardone Book/Page: 68218/235, Date: 09/16/22

Mtg: MSA Mortgage LLC $418,500

Use: 3 Bdrm Conventional, Lot: 3440sf

Dorchester

MARKET STATISTICS THROUGH AUGUST YTD 2021 YTD 2022

Number of 1-Fam Sales 108 109

Median Price $690,000 $700,000

▶ REAL ESTATE SALES

54 ALPHA RD $1,007,500

B: 54 Alpha Road Dev LLC

S: Celia V Walker & Gwendolyn O Johnson Book/Page: 68195/257, Date: 09/12/22

Mtg: Needham Bk $818,000 Use: 3-Family Decker, Lot: 3178sf

227 CENTRE ST U:2 $470,000

B: Mai T Trinh S: Aaron Zaubi & Katherine Zaubi Book/Page: 68203/294, Date: 09/14/22

Mtg: New Fed Mtg Corp $399,500

Use: 3 Bdrm Condo

48 COFFEY ST U:2B $400,000

B: Allison B Maccune & Gregory M Maccune S: Sandra Videz Book/Page: 68194/261, Date: 09/12/22

Mtg: Provident Fund Assoc $300,000

Use: 2 Bdrm Condo, Lot: 914sf 54 DORSET ST $925,000

B: 54 Dorset LLC & Scott Sarbaugh S: Frank P Nguyen & Hung T Huynh Book/Page: 68213/106, Date: 09/15/22

Mtg: Winchester Svgs Bk $693,750

Use: 4 Bdrm Colonial, Lot: 4957sf

40-42 FOWLER ST $163,000

B: Boston Prop Holdings LLC S: Deutsche Bk Natl TCo Doc#: 000000000937872, Date: 09/15/22

Use: 3-Family Conventional, Lot: 2902sf Prior Sale: $246,500 (06/11)

6 GROOM ST $500,000

B: Brian Chavez Tr, Tr for Milestone FT S: Malynda Roberto & Donald Fernandes Book/Page: 68215/246, Date: 09/16/22

Use: 3-Family Decker, Lot: 3262sf

5 HOMES AVE $812,000

B: Geraldo Brito S: Phillip T Moore Book/Page: 68216/250, Date: 09/16/22

Mtg: Pennymac Loan Service $797,292

Use: 3-Family Conventional, Lot: 3550sf

134 MILTON ST $825,000

B: Bryan Mason & Kelly Carr S: Christopher Hall Book/Page: 68209/35, Date: 09/15/22

Mtg: Boston FireFightrs CU $825,000

Type: Adj

Use: 5 Bdrm Conventional, Lot: 4500sf

Prior Sale: $250,000 (08/10)

96 NEPONSET AVE U:5 $823,000

East Boston

MARKET STATISTICS THROUGH AUGUST

YTD 2021 YTD 2022

Number of 1-Fam Sales 32 24

Median Price $667,500 $689,500

▶ REAL ESTATE SALES

329 BORDER ST U:3 $384,000

B: Matthew Morano

S: Gale S Morano Book/Page: 68215/259, Date: 09/16/22

Mtg: Winter Hill Fed SB $307,200

Type: Adj

Use: 2 Bdrm Condo, Lot: 824sf

161 COTTAGE ST U:2 $560,500

B: Jonathan G Beniers

S: 161 Cottage Street Eb LLC

Book/Page: 68204/249, Date: 09/14/22

Mtg: First Republic Bk $504,450

Use: Condo

161 COTTAGE ST U:7 $489,999

B: Andres R Medina & Naroa C Sanchez

S: 161 Cottage Street Eb LLC

Book/Page: 68195/115, Date: 09/12/22

Mtg: HarborOne Mortgage $391,999

Use: Condo

93 COWPER ST $825,000

B: 93 Cowper LLC

S: Trichilo Development LLC

Book/Page: 68219/267, Date: 09/16/22

Mtg: FTF Lending LLC $1,313,000

Use: 3-Family Conventional, Lot: 4974sf

Prior Sale: $710,000 (05/22)

45 LEWIS ST U:PH13 $1,335,000

B: Hulhun Jia

S: Hannah A Nardi Book/Page: 68213/203, Date: 09/15/22

Use: Condo

21-23 LEXINGTON ST U:PH8 $800,000

B: Gertrud M Rastalsky

S: 21-23 Lexington St LLC

Book/Page: 68200/210, Date: 09/13/22

Use: Condo

100 LEXINGTON ST $675,100

B: Anna L Neufeld

S: Tashi Y Yangdon & Sonam Norbu Book/Page: 68220/103, Date: 09/16/22

Mtg: Guaranteed Rate Inc $285,000

Use: 2 Bdrm Cape Cod, Lot: 2500sf

Prior Sale: $380,000 (07/15)

205 MAVERICK ST U:309 $819,900

B: Heidi E Rego & Thomas A Rego

S: Maverick St Inv Partners

Book/Page: 68199/144, Date: 09/13/22

Mtg: First Republic Bk $709,900

Use: Condo

3 MONMOUTH ST U:2 $540,000

B: Phoebe Mcgee

S: Diane M Higgins Book/Page: 68210/296, Date: 09/15/22

Mtg: First Republic Bk $432,000

Use: 2 Bdrm Condo

Prior Sale: $420,000 (05/17)

120 SAINT ANDREW RD $570,000

B: 120 St Andrew LLC

S: John F Nucci Tr, Tr for Nucci FT Book/Page: 68216/217, Date: 09/16/22

Mtg: Cooperative Bank $456,000

Use: 2 Bdrm Cape Cod, Lot: 5400sf

410 SARATOGA ST U:3 $429,000

B: Michael A Mattoni

S: Nicholas M Randall & Teresa Protasio Book/Page: 68205/334, Date: 09/14/22

Mtg: Citizens Bank $407,550 Use: 2 Bdrm Condo

Prior Sale: $360,000 (06/17)

426 SARATOGA ST $718,000

B: Yen Vo S: Arthur C Billotti Book/Page: 68215/204, Date: 09/16/22

Mtg: United Wholesale Mtg $657,508

Use: 2-Family Conventional, Lot: 1250sf

Prior Sale: $515,000 (05/16)

32 SWAN AVE $995,000

B: Omar Leon & Adriana T Maya

S: Bau Vu & Van Nguyen Book/Page: 68193/172, Date: 09/12/22

Mtg: MSA Mortgage LLC $976,978

114 TRENTON ST U:2 $370,000

B: Joshua Arsenault & Ulises M Rodriguez S: Michael D Moorehead & Ellen Moorehead Book/Page: 68217/55, Date: 09/16/22

Mtg: First Republic Bk $333,000

Use: 1 Bdrm Condo, Lot: 570sf

Hyde Park

MARKET STATISTICS THROUGH AUGUST YTD 2021 YTD 2022

Number of 1-Fam Sales 96 93

Median Price $580,500 $620,000

▶ REAL ESTATE SALES

156 BEAVER ST $430,000

•

Sale:$190,000

prior

Please note: The information contained in this newspaper is taken from public records. While every precaution is taken, no responsibility is assumed for errors or omissions. Readers should confirm any informa tion before taking action.

B: Shanna Matari & Ian M Macvane

S: Christian A Poyant & Alexandra D Poyant Book/Page: 68211/215, Date: 09/15/22

Mtg: Cross Country Mtg Inc $760,000

Use: 2 Bdrm Condo

Prior Sale: $740,000 (08/16)

74 GREEN ST $1,250,000

B: Debbie Lay & Nicholas Koren

S: Joseph Imparato & Sara E Imparato Book/Page: 68194/31, Date: 09/12/22

Mtg: Berkshire Bank $1,000,000

Type: Adj

Use: 2-Family Row-end, Lot: 1320sf

24 MYSTIC ST U:1 $600,000

B: Ashwin Basu

S: Stephanie C Rueter Book/Page: 68194/1, Date: 09/12/22

Mtg: Movement Mtg LLC $480,000

Use: 2 Bdrm Condo

8 PARKER ST $2,025,000

B: Michael Flynn

S: 8 Parker Street LLC Book/Page: 68211/343, Date: 09/15/22

Mtg: Berkshire Bank $1,413,276

Type: Adj

Use: 3-Family Conventional, Lot: 3960sf

Prior Sale: $1,425,000 (06/17)

19 PROSPECT ST U:1 $975,000

B: Michael Rochelle & Kristalina Sampson

S: Alexander Beaton & Bryana Beaton Book/Page: 68195/140, Date: 09/12/22

Mtg: JPMorgan Chase Bank $780,000

Use: 2 Bdrm Condo

Prior Sale: $876,000 (11/18)

32-32A TREMONT ST $1,299,900

B: Christopher Konnick & Denise Konnick

S: Duffy George T Est & James A Duffy Book/Page: 68201/53, Date: 09/13/22

Mtg: Salem Five Mtg Co $1,499,999

Type: Adj

Use: 3-Family Row-middle, Lot: 1523sf

B: Nikita Merritt & Michael C Merritt S: Annmarie Otoole Book/Page: 68204/158, Date: 09/14/22

Mtg: Flagstar Bank FSB $823,000

Type: Adj

Use: 2 Bdrm Condo, Lot: 1854sf 368 PARK ST U:3 $410,000

B: Colton J Sailor & Megan C Sailor

S: Donna P Scaffidi

Book/Page: 68201/206, Date: 09/13/22

Mtg: Guaranteed Rate Inc $395,926

Use: 4 Bdrm Condo, Lot: 1407sf

Prior Sale: $264,000 (05/16)

10 PAXTON ST $900,000

Salma

Salma Clark Book/Page: 68211/165, Date: 09/15/22

Guaranteed Rate Inc $732,600

3-Family Decker, Lot: 4451sf

Sale: $225,000 (12/15)

PERCIVAL ST U:3 $305,000

Merello

Ramiro

Casper IRT Book/Page: 68213/18, Date: 09/15/22

Mortgage LLC $289,750 Use: 2 Bdrm Condo, Lot: 1008sf 46-52 ROBY ST U:50 $80,000

B: Shannon E Harris

S: Shannon E Harris & Daniel Grimes Book/Page: 68200/57, Date: 09/13/22

Mtg: Richard G Harris $566,890

Use: Condo

24 SAGAMORE ST U:2 $750,000

B: Stephen Magee

S: Barker Dev Corp Book/Page: 68215/105, Date: 09/16/22

Mtg: First Republic Bk $600,000 Use: Condo

SYLVESTER RD $1,020,000

B: William M Hedglon

S: Andrew Ulrich Book/Page: 68208/246, Date: 09/15/22

Mtg: Mortgage Networks Inc $816,000

Use: 3 Bdrm Colonial, Lot: 5000sf

B: New City Investors LLC

S: Marianne Waszak Tr, Tr for Manna RT Book/Page: 68197/241, Date: 09/13/22

Mtg: Crowd Lending Fund $422,000

Use: 3 Bdrm Cape Cod, Lot: 11250sf

17 BUSINESS TER U:17 $405,000

B: Gloria Wu

S: Richard Morris

Book/Page: 68218/68, Date: 09/16/22

Mtg: Cross Country Mtg Inc $384,750

Use: 3 Bdrm Condo, Lot: 1419sf

Prior Sale: $185,000 (05/16)

15 CHURCH ST $405,000

B: SPM Development LLC

S: Barbara J Harold Book/Page: 68207/101, Date: 09/14/22

Mtg: Velocity Comm Cap LLC $303,750

Use: 4 Bdrm Colonial, Lot: 5500sf

40 NEPONSET AVE $760,000

B: Elliot Valle & Sandra E Valle

S: Argimero Patino & Gladys D Madriga

Book/Page: 68196/190, Date: 09/12/22

Mtg: Rocket Mortgage LLC $716,218

Use: 2-Family Conventional, Lot: 6000sf

140 TURTLE POND PKWY $600,000

B: Cieran M Rush

S: Michael J Venteroso

Doc#: 000000000937888, Date: 09/15/22

Mtg: Eastern Bank $590,000

Use: 4 Bdrm Raised Ranch, Lot: 8254sf

Prior Sale: $195,500 (02/12)

6 TYLER ST $685,000

B: Dominique Antoine & Darrin Korte

S: Nathaniel Dougan Book/Page: 68211/314, Date: 09/15/22

Mtg: US Bank NA $548,000

Use: 3 Bdrm Colonial, Lot: 6363sf

Prior Sale: $365,000 (09/13)

17 UPTON ST U:PH $3,250,000

B: Ruth W Man Tr, Tr for Ruth Win Tung Man LT

S: Upton Life LLC Book/Page: 68220/242, Date: 09/16/22

Mtg: First Republic Bk $500,000

Use: Condo

Salem 10/06/22 11:00 AM 39 Norman St

Owner:Common Ground Enterprises

Lender:North Shore Bank Deposit:$50,000 Doc#:575141 D:09/09/16

Source:Salem Evening News (09/15/22)

Atty:Riemer & Braunstein LLP 617-880-3485 10/06/22 01:00 PM 80 Willson St

Owner:Richard P Griffin

Lender:Loancare LLC Deposit:$10,000 Bk/Pg:27119/420 D:06/29/07

Source:Salem Evening News (09/15/22)

Atty:Loancare LLC 401-234-9200

Topsfield 10/14/22 02:00 PM 86 Howlett St

Owner:Steven Hinch Lender:Robert F Knowles Deposit:$10,000 Bk/Pg:37320/250 D:02/06/19

Source:Salem Evening News (09/21/22)

Atty:Downey Law Group LLC 978-887-1000

FRANKLIN

Charlemont

10/20/22 10:00 AM 789 Tea St

Owner:Andrew N Falandes & Roger Hutchins

Lender:US Bank NA Deposit:$10,000 Doc#:* D:03/12/04

Source:Greenfield Recorder (09/21/22) Atty:Doonan Graves & Longoria 978-921-2670

HAMPDEN Chicopee

10/12/22 12:00 PM 40-42 Sunnymeade Ave

Owner:Darlene A Leblanc

Lender:PNC Bank NA Deposit:$5,000 Bk/Pg:16593/1 D:03/30/07

Source:Republican (the) (09/16/22)

Atty:Harmon Law Offices 617-558-0500 East Longmeadow 10/05/22 10:00 AM 65 Westernview Cir

Owner:Dolores M Grant Lender:MHFA Deposit:$10,000 Bk/Pg:21938/529 D:11/09/17

Source:Republican (the) (09/21/22) Atty:Guaetta And Benson LLC Longmeadow 10/13/22 12:00 PM 83 Longfellow Dr

Owner:Christina A Knybel & Michael E Knybel

Lender:Lakeview Loan Servicing Deposit:$10,000 Doc#:* D:12/30/16

Source:Republican (the) (09/22/22)

Atty:Marinosci Law Group Pc 401-234-9200 Southwick 10/19/22 03:00 PM 17 Gargon Ter

Owner:Justin M Herbert Lender:Lakeview Loan Servicing Deposit:$5,000 Doc#:* D:05/29/20

Source:Republican (the) (09/21/22)

Atty:Harmon Law Offices Pc 617-558-0500 Springfield 09/30/22 03:00 PM 31 Rush St

Owner:Rodney E Gould Lender:Isanthes LLC Deposit:$5,000 Bk/Pg:13693/443 D:09/12/03

Source:Republican (the) (09/15/22)

Atty:Brock & Scott PLLC 401-217-8701 10/18/22 02:00 PM 139 Balboa Dr

Owner:Gina Hawk

Lender:Rocket Mortgage LLC Deposit:$5,000 Doc#:* D:07/24/15

Source:Republican (the) (09/22/22)

Atty:Korde & Associates Pc 978-256-1500

10/18/22 01:00 PM 117 Bowles St

Owner:Paul J Raucci & Donna M Raucci

Lender:Deutsche Bank Natl T Co Deposit:$5,000 Doc#:* D:11/30/06

Source:Republican (the) (09/21/22)

Atty:Korde & Associates Pc 978-256-1500

HAMPSHIRE

Plainfield

10/12/22 03:00 PM 305 Main St

Owner:Zacahry Fay & Christyanna Hayden Lender:Amerihome Mortgage Co Deposit:$10,000 Doc#:* D:01/08/19

Source:Daily Hampshire Gazette (09/21/22)

Atty:Marinosci Law Group Pc 401-234-9200

MIDDLESEX NORTH Lowell 10/11/22 01:00 PM 199 7th Ave U:199

Owner:Debora Novid

Lender:Pennymac Loan Services Deposit:$1 Doc#:308562 D:12/16/20

Source:Sun (the) (09/20/22)

Atty:Zzz

Tewksbury 10/06/22 10:00 AM 45 Judith E Dr

Owner:Alma L Mclaughlin Lender:Mortgage Asset Mgmt Deposit:$10,000 Bk/Pg:22619/232 D:12/19/08

Source:Sun (the) (09/15/22)

Atty:Marinosci Law Group 401-234-9200

Tyngsboro 10/20/22 11:00 AM 18 Merrimac Way U:D

Owner:Andrea Bernard Lender:Trustees Of Village Deposit:$1 Bk/Pg:22909/88 D:04/15/09

Source:Sun (the) (09/15/22)

Atty:Zzz Wilmington 10/19/22 09:00 AM 19 Cedar St

Owner:Julie C Foshay

Lender:Wells Fargo Bank NA Deposit:$5,000 Doc#:* D:09/13/17

Source:Willmington Town Crier (09/21/22)

Atty:Harmon Law Offices Pc 617-558-0500

MIDDLESEX SOUTH Arlington 10/18/22 11:00 AM 68 Woodside Ln

Owner:68 Woodside Lane LLC Lender:Jeffrey N Rosenberg Deposit:$10,000 Doc#:* D:03/15/85

Source:Arlington Advocate (09/22/22)

Atty:Myers Law Pc 774-244-6733

Cambridge 10/19/22 10:00 PM 8-12 Museum Way U:909

Owner:Kanwaljit Kaur Lender:US Bank NA Deposit:$10,000 Doc#:* D:09/28/05

Source:Cambridge Chronicle (09/22/22)

Atty:Doonan Graves & Longoria 978-921-2670 Everett 10/11/22 10:00 AM 39 Tappan St

Owner:Joseph Consolo & Theresa Consolo Lender:MHFA Deposit:$10,000 Doc#:* D:11/29/94

Source:Boston Herald (09/20/22)

Atty:Guaetta And Benson Llc

Framingham 10/12/22 03:00 PM 9 Capri Dr

Owner:Stephen A Innis & Cheryl A Innis

Lender:Huntington National Bank Deposit:$5,000 Doc#:* D:02/23/05

Source:Metro West (09/21/22)

Atty:Harmon Law Offices Pc 617-558-0500 10/25/22 11:00 AM 91 Flanagan Dr

Owner:Linda Rosenburg & Barry L Rosenburg Lender:US Bank NA Deposit:$5,000 Doc#:* D:02/28/07

Source:Metro West (09/20/22)

Atty:Bendett & Mchugh Pc 860-677-2868

Marlborough 10/17/22 01:00 PM 221 Kings Grant Rd

Owner:Michael H White & Penny J White Lender:Wells Fargo Bank NA Deposit:$5,000 Doc#:* D:02/23/07

Source:Metro West (09/21/22)

Atty:Korde & Associates Pc 978-256-1500 Maynard 10/11/22 12:00 PM 14 Deane St

Owner:William J Carr & Lea A Bishop

Lender:MHFA Deposit:$10,000 Doc#:* D:12/09/11

Source:Boston Herald (09/20/22)

Atty:Guaetta And Benson Llc Medford 10/14/22 12:00 PM 173 Arlington St

Owner:Cynthia Isaacs Lender:Bank Of New York Mellon Deposit:$5,000 Doc#:* D:04/03/06

Source:Medford Transcript (09/22/22)

Atty:Korde & Associates Pc 978-256-1500 Wayland 10/13/22 10:00 AM 40 Millbrook Rd

Owner:Benedetto A Mele & Hillary Mele

Lender:Bank Of New York Mellon Deposit:$10,000 Doc#:* D:11/15/05

Source:Boston Herald (09/22/22)

Atty:Guaetta And Benson Llc 10/25/22 01:00 PM 38 Aqueduct Rd

Owner:Allen G Sneider Lender:Citizens Bank NA Deposit:$5,000 Doc#:* D:06/28/06

Source:Boston Herald (09/22/22)

Atty:Brock & Scott Pllc 401-217-8701

NORFOLK Bellingham 10/13/22 10:00 AM 599 S Main St

Owner:Daniel L Mandeville Lender:Dean Coop Bank Deposit:$7,500 Doc#:* D:02/13/13

Source:Metro West (09/21/22)

Atty:Barsh & Cohen Pc 617-332-4700 Holbrook 10/26/22 10:00 AM 271 Sycamore St

Owner:James M Mccarthy Lender:Citimortgage Inc Deposit:$5,000 Doc#:* D:12/24/09

Source:Patriot Ledger (09/21/22)

Atty:Bendett & Mchugh Pc 860-677-2868 Plainville 10/07/22 01:00 PM 9 South St

Owner:Scott T Macgregor Lender:Bank Of New York Mellon Deposit:$5,000 Doc#:* D:09/19/05

Source:Sun Chronicle (the) (09/19/22) Atty:Korde & Associates Pc 978-256-1500

Sharon 10/20/22 11:00 AM 128 Oak Hill Dr

Owner:Lee S Kaplan & Danielle M Kaplan

Lender:Wilmington Svgs Fund Soc Deposit:$10,000 Doc#:* D:08/07/03

Source:Patriot Ledger (09/16/22)

Atty:Murphy & Lupan Pa 508-650-9252 Stoughton 10/05/22 10:00 AM 32 Penniman Cir

Owner:Minh H Tran-Vo

Lender:MAK Properties Deposit:$10,000 Doc#:* D:09/27/21

Source:Patriot Ledger (09/22/22)

Atty:Hadlock Law Offices Pc 10/07/22 10:00 AM 321 Walnut St

Owner:Catherine R Gallant

Lender:Rocket Mortgage LLC Deposit:$5,000 Doc#:* D:10/27/16

Source:Brockton Enterprise (09/19/22)

Atty:Korde & Associates Pc 978-256-1500 Walpole 10/07/22 10:00 AM 205 West St

Owner:Luke S Winston & Anne C Winston

Lender:MHFA Deposit:$10,000 Doc#:* D:11/08/18

Source:Boston Herald (09/16/22)

Atty:Guaetta And Benson Llc

PLYMOUTH

Duxbury

10/05/22 10:00 AM 786 Congress St

Owner:James W Seppala

Lender:Wilmington Svgs Fund Soc Deposit:$10,000 Doc#:* D:04/22/13

Source:Duxbury Clipper (09/21/22)

Atty:Marinosci Law Group Pc 401-234-9200

Scituate 10/19/22 12:00 PM 18 Kathys Path

Owner:Karen M Ward & Charles Medici

Lender:Deutsche Bank Natl T Co Deposit:$5,000 Doc#:* D:02/19/04

Source:Scituate Mariner (09/22/22)

Atty:Korde & Associates Pc 978-256-1500

SUFFOLK

Roslindale 10/19/22 10:00 AM 738 Hyde Park Ave

Owner:Jean W Tunis

Lender:Deutsche Bank Natl T Co Deposit:$10,000 Doc#:* D:10/18/06

Source:Boston Herald (09/21/22)

Atty:Doonan Graves & Longoria 978-921-2670 West Roxbury 10/14/22 02:00 PM 2 Westmoor Cir

Owner:Bohdan Nykolyshyn

Lender:Rocket Mortgage LLC Deposit:$5,000 Doc#:* D:05/24/14

Source:Boston Globe (09/19/22)

Atty:Korde & Associates Pc 978-256-1500

WORCESTER

Athol 10/14/22 11:00 AM 96 Glendale Ave

Owner:Gary M Harrison

Lender:Specialized Loan Svcng Deposit:$5,000 Doc#:* D:03/03/03

Source:Athol Daily News (09/16/22)

Atty:Harmon Law Offices Pc 617-558-0500

Blackstone 10/18/22 12:00 PM 74 Edgewater Dr

Owner:Scott Mighill Lender:Bank Of New York Mellon Deposit:$5,000 Doc#:* D:12/11/06

Source:Metro West (09/21/22)

Atty:Korde & Associates Pc 978-256-1500

Dudley 10/11/22 11:00 AM 10 Lynn Ln

Owner:Mart T Moylan & Richard Fryover

Lender:Rocket Mortgage LLC Deposit:$5,000 Doc#:* D:08/27/18

Source:Webster Times (09/16/22)

Atty:Korde & Associates Pc 978-256-1500 10/17/22 11:00 AM 27 George St

Owner:Carl W Phillips & Karen K Phillips

Lender:Wilmington Svgs Fund Soc Deposit:$5,000 Doc#:* D:10/30/98

Source:Webster Times (09/16/22)

Atty:Bendett & Mchugh Pc 860-677-2868 Lancaster 09/28/22 12:00 PM 30 Brazao Ln

Owner:Christopher Leonardi & Joan Leonardi

Lender:Statebridge Co Deposit:$5,000 Doc#:* D:01/25/07

Source:Daily Item (09/16/22)

Atty:Korde & Associates Pc 978-256-1500 Winchendon 10/19/22 10:00 AM 316 Ash St

Owner:James G Wilson Jr & Monika Wilson Lender:US Bank NA Deposit:$10,000 Doc#:* D:03/30/07

Source:Sentinel & Enterprise (09/21/22)

Atty:Doonan Graves & Longoria 978-921-2670 Worcester 10/13/22 03:00 PM 25 Montgomery Ave

Owner:William D Kacevich & Jessica A Kacevich

Lender:North Shore Bank Deposit:$5,000 Doc#:* D:09/09/05

Source:Telegram Gazette (09/19/22)

Atty:Korde & Associates Pc 978-256-1500 WORCESTER NORTH Fitchburg 10/13/22 01:00 PM 193 Pearl Hill Rd

Owner:Ricardo O Cerdas & Julie Cerdas

Lender:PHH US Mortgage LLC Deposit:$5,000 Doc#:* D:01/30/04

Source:Sentinel & Enterprise (09/19/22)

Atty:Korde & Associates Pc 978-256-1500 10/27/22 11:00 AM 57 Salem St

Owner:Alan Joseph Lender:Pennymac Loan Services Deposit:$5,000 Doc#:* D:10/29/14

Source:Sentinel & Enterprise (09/22/22)

Atty:Bendett & Mchugh Pc 860-677-2868 Leominster 10/13/22 01:00 PM 30 Lincoln Ter

Owner:Daniel Mancilla

Lender:Lakeview Loan Servicing Deposit:$5,000 Doc#:* D:01/05/18

Source:Sentinel & Enterprise (09/19/22) Atty:Korde & Associates Pc 978-256-1500 10/17/22 11:00 AM 110 Chapman Pl U:110

Owner:Joanne M Downes

Lender:Mortgage Asset Mgmt Deposit:$5,000 Doc#:* D:03/17/09

Source:Sentinel & Enterprise (09/21/22)

Atty:Korde & Associates Pc 978-256-1500