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Showing posts from November, 2009

Curb Appall

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273 ROYCROFT Ave, 90803 Asking Price: $749,000 Beds: 2 Baths: 1 Sq. Ft.: 1,200 $/Sq. Ft.: $624(!) Lot Size: 4,100 Sq. Ft. Year Built: 1922 MLS#: P705294 Status: Active This listing is for sale and the sellers are accepting offers. On Redfin: 61 days Down Payment: $149,800 Income Requirement (4x income): $187,000 Monthly Nut: $4,100 Description: Totally rebuilt like new in every way possible. A beautifully appointed home with a designer touch and flare for the modern, and lives larger than its size with total openness from entrance to the family room fireplace, and an abundance of natural lighting. Perfect turnkey home for the owner with discerning taste, rebuilt like new thruout and surrounded by mature and professional landscape. New/ upgraded: plumbing, electric, roof, tankless water heater, dual pane windows, interior and exterior doors and hardware, new cherry kitchen and bath. It offers a private yard and stone patio for great bbques with lots of friends. Seriously a don't m...

Skaneateles Real Estate - The Weekly Update

Happy Thanksgiving to all! I apologize for the delay - there were pies to be made and houses to be sold. For that I am most thankful! There are currently 112 listings in the Skaneateles area of the new New York State multiple listing system. Three re-lists came on in the past week: a town listing in the high $200,000 that is a reduction from the last time it was on the market; a fixer-upper in the mid-$300,000 range; and a multi-million dollar waterfront home. But think of the numbers! We have much less inventory! No new houses were put under contract this week. We now have the choice of "Under Contract, but continue to show", or "Under Contract, do not show". Of course, nothing is closed until it's closed, but the process of showing a house over and over is something to consider, especially around the holidays. We do have two new closings, however. Hooray! Both are waterfront properties. Both also sold without re-listing in under 6 months. One close...

A Man's Sport

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After reading some recent posts, a dear friend noted that I'm awfully negative and really bash the hell out of sellers. I tried to defend my position and explain that delusional sellers put themselves out there for ridicule and that harsh treatment by yours truly is not only well deserved, but necessary . I mean, imagine if there weren't countervailing voices out there? Buyers (especially those in Long Beach, which is a seemingly forgotten real estate market--largely devoid of newspaper coverage) might get suckered into a financially perilous situation, as so many former "owners" did when they listened to biased, one-sided, commission-driven, largely unchallenged horseshit like "they're not making any more land," "we're definitely at the bottom" and "prices always go up." I thought I had recently lightened up--especially since the early days of the blog--there was some real venom in those days--but from his outside perspective I w...

Long Beach Loses Out

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Via curbed la and District Weekly , Tesla has chosen Downey over Long Beach to manufacture the new four-door electric Model S. The highlight: But while Downey’s city officials were united and aggressive in their pursuit of Tesla’s enigmatic CEO Elon Musk, the City of Long Beach—particularly Mayor Bob Foster and city management—was accused of being difficult and nearly indifferent toward the possibility of a manufacturing plant that is expected to bring between 1,000 and 1,200 jobs to the area. In fact, it was Musk who most strongly voiced that criticism, telling LBReport.com in an August 16 interview that “if the behavior of city management and the Mayor were the deciding factor, Long Beach would definitely not win.” In that same interview, Musk said Councilwoman Gerrie Schipske was “the first and only call” to him personally and confirmed her internet journal (blog) dispatch to the effect that his company’s staff came away from meetings with other Long Beach officials “thinking that ...

Daily Nut Job: UPDATE

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The list price was "$809,500" and changed to "$629,000" Quite a discount! I'm back, but delirious from the jet lag. What did I miss while overseas?

Skaneateles Real Estate - The Weekly Update

Hooray! The conversion from the old http:// syr .mlxchange to the new http:// nys .mlxchange has occurred and business goes on as usual for us agents and brokers. Mostly. The conversion brings together all of upstate New York into one site. I used to search as far west a Cayuga County and east to Rome. I now can see Buffalo listings as well as Plattsburgh listings. Our area is lucky. The system we used to use was the one chosen as the model for the new one, with a few tweaks. We don't have to re-learn how to search for homes or what criteria can be used. We do need to remember to put in the county name and use an "S" before each listing. I'm sure I'll discover more changes as the days go by. The statistics seem to remain consistent with the old system, if more refined. There are surrently 116 active listings in the Skaneateles area of the multiple listing service. Of these, 27 are in the village. Two new listings came on this week, both in the town a...

Man Caves and for that matter, Woman Caves, too!

The term "man cave" is the current rage in real estate, it seems. I watched an HGTV program that featured several homes with different types of caves while I held open Victory Lane - the high def TV over the fireplace was irresistible! Within a week I found I was showing man caves all over Skaneateles! The husbands of my clients all wanted some form of retreat, and the wives seemed extremely interested in finding a place that met the man's requirements. And frankly, the man caves we have seen are wonderful! One is an old barn with a basketball court inside. A serious court, with those incredible high barn walls and of course the hardwood floors. A friend built a court in a pole barn years ago, but this one has much more character and versatility. In the winter it's a garage, and the "men" retreat to the basement and a golf man cave, warmed by the furnace. Another is again in a barn, but features multi-levels of play: foosball, biliards, a bar, a wood-...

Skaneateles Real Estate - The Weekly Update

As the sun beams down on this gorgeous November day we prepare for it to set over the old multiple listing service we've all come to love. (How's that for hyperbole!) I don't know exactly how it will all play out in the next few weeks, but the conversion is next Tuesday. At that point the categories for the different areas will change. For example, a home in the village of Skaneateles will be in a different area than the town's listings. Syracuse will move from north, east, west and south designations to neighborhoods - anyone for Skunk City? Whatever happens, I know my compilation of facts and figures will somehow be skewed. I hope not, because by comparing numbers to the past we can help to predict the future. If it's as simple as adding the town and village together how lovely that will be! But somehow I doubt it. There are currently 128 active listings in the Skaneateles area as defined by the multiple listing service we've been using for the past fe...

Omakase

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The good news: I'm going to Tokyo! The bad news: No RE in the LBC posts for two weeks. I'll try to drop in and update you with my assorted shenanigans. And a special thanks for those of you that wrote in with tips. I'm going to do my best to see and do as much as I possibly can. Best Wishes, -el bee

Daily Nut Job

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4422 East 2ND St, 90803 Price: $809,500 Beds: 2 Baths: 1.75 Sq. Ft.: 1,737 $/Sq. Ft.: $466 Lot Size: 4,373 Sq. Ft. Year Built: 1954 MLS#: P702474 Source: CARETS Status: Active On Redfin: 56 days Down Payment: $162,000 Income Requirement: $231,000 Monthly Nut: $4,400 Description: Great Belmont Shore/ edge of Heights Home! Original Hardwood floors throughout! Great floor plan with open living room that leads to dining room. Plus large Den that could be used as office or extra living room! Separate laundry room easily accesible off of kitchen. Covered patio with spa with plenty of backyard to spare. Additional side yard great for dog retreat or any retreat for that matter! Plantation shutters in living room with fireplace. Bedrooms are extremely spacious. Keep as one story home or add second story for full view of the shore and the ocean. Location is ideal; end of 2nd street while at the edge of gorgeous Belmont Heights! You know what, for once I think this seller can get away with callin...

Made in the Shade: UPDATE

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The list price was "$995,000" and changed to "$875,000" Wow! Quite a price reduction! But before you get too excited and start thinking he suddenly found religion and will start pricing aggressively, it took him four long months to make this much-needed cut. In the grand scheme of things this reduction doesn't mean anything. All it means is the property was $120,000 overpriced. This jackass is less than a month away from his one-year anniversary on the MLS. That's a scarlet letter ("S" as in "Stale") any seller should fear. You think he'll wake up in time to beat the clock? Considering it took 340 days to get to a somewhat realistic price, I'm going to go out on a limb and say... Happy Anniversary, Numbnuts. ***************************************** 16 12Th Pl, 90802 Price: $995,000 Beds: 2 Baths: 3 Sq. Ft.: 2,056 $/Sq. Ft.: $484 Lot Size: 2,915 Sq. Ft. (yikes!) Year Built: 1904 MLS #: P666834 On Redfin : 254 days Down Payment: $...