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Greystone

I toured a home in the Skaneateles township right outside the village. I had seen it online many, many times, had people call me and ask about it, but I had never been inside. The name of the home was originally Greystone. It commands 3.5 acres on Franklin Street Road and was built in 1850 by the owner of the Sherwood Inn. It is now part of an estate - the gentleman who lived there bought it in 1975. It needs work, of course. Someone put on an addition in the mid-1960s and it looks like it was put on in the mid-1960s. But the main part of the house - amazing! The exterior is lovely grey stone as is the foundation. It has marvelous gingerbread coming off the eaves to give it a fairy tale appearance - not my words, but my buyer's. Trees and bushes have overgrown the entrance and the floor to ceiling windows. There probably was a circular drive up from the road for carriages to drop people off at the front door. Inside the ceilings are high - 12 or 13 feet. Wallpaper and plas...

Elephantine Vanity and Greed: UPDATE II

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Remember this FSBO ? Days on Market: 633 days After this much time, do you think he even remembers his apartment is still for sale? Just goes to show, sanity is not a prerequisite for selling a house (or buying one, for that matter). As I said in the first update : Believe me, even years from now as condos are selling at 2001-2002 prices, these true believers will still be out there. Kind of like those Japanese soldiers stuck on remote islands, not realizing (or refusing to believe) that World War II had ended, continuing to fight the war decades after Japan's surrender. To some, denial is more addictive than the best heroin or crack that money can buy.

Mind your Bs and Qs

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Address: 444 OBISPO Ave #104, 90814 Asking Price: $255,000 Beds: 2 Baths: 1 Sq. Ft.: 941 $/Sq. Ft.: $271 Year Built: 1966 MLS#: P712709 On Redfin: 44 days HOA: $200 Down Payment: $8,925 (FHA) Income Requirement: $64,000 Monthly Nut: $1,700 (FHA) Description: $30,000 price reduction, the best price 2bedroom at Belmont Height. Very Easy to show, go DIRECT. Needs some minor work. Probate Executor is assigned & approved by the court. Only offer need to be submitted and court needs to approve it. First floor corner unit by the building pool. Walk to beach & 4th St. trendy Art Theater, wine bars & classic boutique stores. This tranquil unit features include an east facing living room with pleasant outlook, two large bedrooms with ample closet space, open kitchen, one specious bathroom with tub & separate stall shower & one parking space. Building features include nice pool, BQ area, backyard area, laundry room & small gym area. "the best price 2bedroom at Belmont...

Haiti: Every Little Bit Counts

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http://www.redcross.org/

The Fail--ERRR...Fall Selling Season: FINAL UPDATE

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Sold on 01/06/10 - $367,000 ($8,000 below the 70-day-old list price) Boy, the government underwriting nothing-down, subprime FHA loans sure is working out well for sellers! But, how's that working out for taxpayers ? ++++++++++++++++++++++++++++++ 1710 E Florida St, 90802 Price: $375,000 Beds: 2 Baths: 1 Sq. Ft.: 960 $/Sq. Ft.: $391 Lot Size: 2,560 Sq. Ft. Year Built: 1920 MLS #: S593140 On Redfin : 5 days Down Payment: $75,000 Income Requirement: $107,000 Monthly Nut: $2,100 Description: Nice cozy REO home with hardwood floors throughout, walk-in-closet in each room. BRING ALL OFFERS! A for effort on that description, pal! But next time you should try being less verbose. I mean, 17 words is a little overwhelming for potential buyers. And thanks for photos of the bathroom. Considering it's the only baño in the house, I'm sure buyers don't really care. Nah, they're probably much more interested in doing their toilet business outside. One look at that dead grass and...

Closed in Skaneateles - The Fourth Twenty

It felt like forever, but the last 90 days produced the last 20 closings of 2009. I like the symmetry of it all - 80 closings in all, about 20 per quarter - nice! This year let's try for at least 25 per quarter, and maybe I'll write the blog that way to keep the comparison's clear. Here they are, this time in alphabetical order: 1636 Amerman Road $2,200,000 1043 Butters Farm Lane $535,000 Lot 12 Calemad Drive $425,000 3205 East Lake Road $900,000 1842 East Lake Road/Route 41 $71,000 2809 East Lake Road $750,000 3167 East Lake Road $1,425,000 88 West Elizabeth Street $222,500 6 Fennell Street $145,000 1562 Heifer Road $225,000 4090 Jordan Road $280,000 4141 Jordan Road $80,500 3094 West Lake Road $260,000 3052 East Lake Road $185,000 16 Lakeview Circle $425,000 20 Leitch $607,500 3830 State Street $108,000 1334 Stump Road $80,000 1905 Stump Road $149,900 2008 West Lake Road $1,750,000

Drawing a Blank

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5585 East PACIFIC COAST Hwy #163, 90804 Asking Price: $200,000 Purchase Price: $100,000 Purchase Date: 6/2001 Beds: 2 Baths: 2 Sq. Ft.: 913 $/Sq. Ft.: $219 Year Built: 1970 MLS#: P688126 On Redfin: 236 days HOA: $273 Down Payment: $40,000 (UPDATE: FHA unavailable in this building according to reader JK) Income Requirement: $50,000 Monthly Nut: $1,300 Description: ... No Description? Are you serious? I give realtors a hard time for taking hundreds of days to fix listing description typos, but you're too lazy to even write the description ! Oh, don't worry--it gets worse. Check out the other God-awful interior shots: They look more like Rorschach tests than listing photos. The history of this property sure is interesting: Jan 07, 2010 - Price Reduced $200,000 Oct 14, 2009 - Price Increased $220,000 (price increase--smart!) Oct 14, 2009 - Relisted May 20, 2009 - Listed $215,000 Jun 11, 2001 - Sold $100,000 Jan 25, 1996 - Sold $92,500 Mar 31, 1995 - Sold $500 (WTF?) May 30, 1989 - ...