Recent property records from Ashburnham, a town in Central Massachusetts, show a dynamic real estate market with transactions totaling nearly $3 million. The sales, recorded for the week ending October 12, include a mix of high-value residential homes, commercial land, and properties acquired by limited liability companies, painting a comprehensive picture of current market activity.
Among the eight documented transactions, a single-family home on West Shore Drive sold for $825,000, marking the highest-priced sale of the period. This activity reflects a diverse range of investments in the area, from primary residences to corporate land acquisitions.
Key Takeaways
- A total of eight property transactions were recorded in Ashburnham, with a combined value of $2,967,718.
- The highest-priced sale was a residential property at 116 W Shore Drive, which sold for $825,000.
- Multiple limited liability companies (LLCs) were active in the market, acquiring both developed properties and undeveloped land.
- Sales prices ranged widely, from a low of $23,918 for a parcel on Winchendon Road to the peak of $825,000.
High-Value Residential Sales Lead the Market
The residential sector in Ashburnham demonstrated significant strength, with several high-value sales. The top transaction involved a property at 116 W Shore Drive, which was sold by Kathryn and Brian D. Stevens to William A. Murray and Kathleen O. Murray for a notable $825,000. This sale underscores the demand for premium homes in the area.
Another substantial residential sale occurred at 80 Fitchburg Road. Frederick M. Sleeper Jr. sold the property to Bonnie J. Logan and Ryan A. Logan for $619,000. This transaction, along with others, indicates a healthy market for family homes in established neighborhoods.
The sale of 77 Center Street for $490,000 also contributed to the strong residential performance. The property was transferred from Susan M. Cardaci to Cory S. Leblanc. Similarly, a home at 55 Ashby Road was sold by Jake and Stefani Perrett to Lewis J. Robertson and Arienne M. Stearns for $359,900, showing robust activity in the mid-to-upper price range.
Understanding Property Records
Real estate transfers are public records that document the change of ownership of a property. These records, typically filed with the county's Registry of Deeds, provide transparent information about the buyer, seller, sale price, and location of the property. Analyzing these transfers offers valuable insights into local market trends, property values, and investment patterns within a community.
Corporate and Investment Activity
Beyond individual homebuyers, the recent transactions reveal significant interest from corporate entities and investors. Several properties were acquired by LLCs, which is a common strategy for holding real estate assets for investment or development purposes.
One of the key commercial transactions was the sale of 182 Sherbert Road. James M. Aveni and Nancy S. Aveni sold the property to 182 Sherbert Road LLC for $475,000. The creation of a single-purpose LLC named after the property address often suggests a long-term investment or a specific development plan for that site.
Undeveloped land also attracted corporate buyers. A parcel on Willard Road was sold by 73 Willard Road LLC to Barkley Enterprises LLC for $130,000. Land sales are a leading indicator of future development, whether for residential, commercial, or industrial use.
LLCs in Real Estate
Using a Limited Liability Company (LLC) to purchase property is a standard practice in real estate investment. It provides liability protection, separating the owner's personal assets from the property. It also offers potential tax advantages and simplifies the process of transferring ownership in the future.
Transactions on Winchendon Road
Winchendon Road saw two related, smaller-value transactions involving corporate entities, suggesting a strategic assembly of land or assets. In the first sale, a property listed as Winchendon Road #7 was transferred from Hunter Avenue T and Pribhu L. Hingorani to Eastco Properties LLC for $23,918.
Shortly after, Eastco Properties LLC sold the same property, Winchendon Road #7, to Paxton Development LLC for $44,900. This quick succession of sales, with a significant price increase, could indicate that value was added through entitlements, permits, or consolidation with other parcels, preparing the property for a new development project.
Complete List of Recent Ashburnham Sales
To provide a clear overview of the market activity, here is a detailed breakdown of all eight transactions recorded for the week ending October 12. The sales are listed from highest to lowest price.
- $825,000 at 116 W Shore Drive: Sold by Kathryn Stevens and Brian D. Stevens to William A. Murray and Kathleen O. Murray.
- $619,000 at 80 Fitchburg Road: Sold by Frederick M. Sleeper Jr. to Bonnie J. Logan and Ryan A. Logan.
- $490,000 at 77 Center Street: Sold by Susan M. Cardaci to Cory S. Leblanc.
- $475,000 at 182 Sherbert Road: Sold by James M. Aveni and Nancy S. Aveni to 182 Sherbert Road LLC.
- $359,900 at 55 Ashby Road: Sold by Jake Perrett and Stefani Perrett to Lewis J. Robertson and Arienne M. Stearns.
- $130,000 on Willard Road: Sold by 73 Willard Road LLC to Barkley Enterprises LLC.
- $44,900 at Winchendon Road #7: Sold by Eastco Properties LLC to Paxton Development LLC.
- $23,918 at Winchendon Road #7: Sold by Hunter Avenue T and Pribhu L. Hingorani to Eastco Properties LLC.
Market Implications for Central Massachusetts
The mix of transactions in Ashburnham provides a valuable snapshot of the broader Central Massachusetts real estate market. The presence of both high-end residential sales and strategic corporate land purchases suggests a multi-faceted demand for property in the region.
The strong residential prices indicate continued desirability for homes in the area, likely driven by factors such as quality of life, local amenities, and proximity to larger employment centers. At the same time, the activity from development and investment companies points to confidence in the long-term economic growth of Ashburnham and its surroundings.
As these records show, the market is not monolithic. It comprises a wide spectrum of activity, from families purchasing their next home to developers planning future projects. This diversity is often a sign of a stable and resilient local economy.
