SALES
  

The sales file below contains records of all Tewksbury sales for the calendar year 2004. These sales are the basis for the Fiscal year 2006 assessments.

The file consists of 10 fields:

Property Address – the table is sorted by this field

Map/Block/Lot – assessors map reference and key field for the assessors’ database

Style – short description of the property type /

Q/U – indicates whether the sale was Qualified or Unqualified

Sale Date 

B/P – book/page reference numbers for locating the deed at the North Middlesex Registry

Sale Price

Assessment – FY2005 assessed value

Before a sales analysis is done, each sale must be categorized as either “qualified” or “unqualified.” A “qualified” sale is an arms-length sale that can be used for establishing value of other properties. A sale may be “unqualified” for several reasons, among which are:

·        The buyer and seller are related

·        The buyer and seller are business partners

·        The sale is a result of a court order, a divorce settlement for example

·        The property had a substantial physical change after the sale date

Establishing whether a sale is qualified or unqualified may require an inspection of the property and an interview with the buyer or seller or broker. Only “qualified” sales are used for sales analysis.