Newton's Priciest August Sale Reaches $2.75 Million Amid Wave of Family Trust Transfers
Newton recorded 20 property transfers between Aug. 7 and Sept. 5, but only 8 deeds listed a sale price, ranging from $775,000 to $2,750,000 with a median of $1,619,000. The top sale was 5 Kappius Path at $2,750,000, sold Aug. 7 by Alexandr Li and Anna Ten to Arielle N. Gorstein and Dany Bahar. A
Newton recorded 20 property transfers between Aug. 7 and Sept. 5, but only 8 deeds listed a sale price, ranging from $775,000 to $2,750,000 with a median of $1,619,000. The top sale was 5 Kappius Path at $2,750,000, sold Aug. 7 by Alexandr Li and Anna Ten to Arielle N. Gorstein and Dany Bahar. A notable share of the period's unpriced deeds, at least nine, moved property from individual owners into revocable trusts under their own names, including two same-day transfers by the same Newton couple. No street had more than one recorded sale, and price data covering under half the deeds limits a full read on market conditions.
Members read the rest of this story and every Newton meeting we cover, in full.
Become a memberAlready a member? Sign inA 30-day free trial needs a payment method. After it, your membership renews at the price shown at checkout until you cancel, which you can do anytime from your account. Subscription terms
Share this brief
Know someone in Newton who follows town government? Share Townbrief Newton: they can sign up free.