Million Dollar Deeds

Last year I wrote that during 2008, 71 deeds and 4 foreclosure deeds with consideration of $1 million or more had been recorded at the Middlesex North Registry of Deeds. Perhaps reflective of the lagging economy, that number is down 45% this years with 44 deeds and 1 foreclosure deed with $1+ consideration. Here’s the breakdown by town, showing first the number of million dollar deeds recorded in 2008 followed by the number recorded in 2009:

TOWN – 2008 – 2009
Billerica – 10 – 4
Carlisle – 17 – 17
Chelmsford – 5 – 5
Dracut – 2 – 0
Dunstable – 0 – 0
Lowell – 13 – 7
Tewksbury – 9 – 8
Tyngsborough – 1 – 0
Westford – 12 – 3
Wilmington – 4 – 2

The five biggest sales money-wise were

1. $23 million for the Lowe’s property in Lowell (it was transferred from one entity to another)
2. $16 million for 2000 Emerald Court in Tewksbury (Tewksbury Assisted Living to NTAL Property LLC)
3. $15 million for the Doubletree Hotel in Lowell to UML as the Inn & Conference Center
4. $10 million in Tewksbury for 100-200 Ames Pond Drive (to Ames Pond Drive LLC)
5. $9 million in Wilmington for 234 Ballardvale St (between entities with names like RREEF America REIT)