Month: April 2009

Sold Home In Babylon Village – February 2009

Not a lot of good news in February for home sellers. NY Area Home Prices Down 10.2% in February [NorthJersey.Com] Home prices declined 10.2 percent in the New York metropolitan area, which includes North Jersey, from February 2008 to February 2009, the Standard & Poor’s Case-Shiller index said this morning. Home Prices in 20 U.S. Cities Decline 18.6% [Bloomberg] The decline in home prices in 20 major U.S. cities slowed in February for the first time since 2007, amplifying signals that the market may be stabilizing. The S&P/Case-Shiller index’s 18.6 percent decrease compares with a record 19 percent decline the month before. The gauge has fallen every month since January 2007, and year-over-year records began in 2001. Prices are still dropping, though perhaps a little more slowly. I expect that the rate of drop will peter out some as we move though 2009, but I don’t think that we’ll see the actual price bottom until some time in 2010. Two house sales in Babylon Village for February 2009. I almost thought that we’d have no sales at all in Feburary, but these two odd homes mananged to sneak in under the wire. Neither one of these are of particular interest to me, but I list them here for completeness sake. 18 Bayview Ave MLS# 2119368 – Zillow Page Sold: $347,000 – 2/25/2009 Prior Sales: 03/06/2008 – $487,166 07/15/2004 –...

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Open Houses – April 18th

This past Saturday was really beautiful and it was nice to go out and hit some open houses. As I mentioned earlier, there were 36 listed for the Village on MLSLI, although not all of them were for this past weekend. We saw two houses, one very attractive and one…well…not. It was a Goofus and Gallant experience, if you know what I mean. Nothing really on deck for this weekend. It looks to be beautiful weather, but nothing out there really interests me, so this is going to have to hold you guys for a while. 109 Washington Street MLS# 2175366 – Zillow Page Ask $499,900 3 bedrooms – 1.5 bath Taxes $10,039 – Village Taxes: $875.00 One of the keys to good house hunting is not to let yourself fall in love with any particular piece of real estate. While I didn’t actually fall in love with 109 Washington, there were some definite romantic stirrings that I needed to be wary of. This is a three bedroom, split level house and boy is it split. There are actually four seperate levels in this house. On the main level, as you walk in the house are the living room, dining room and kitchen. The livinn room and dining room have nice, hardwood floors. The kitchen isn’t big and while it’s well kept, it’s very old. The cabinetry probably pre-dates...

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Wednesday Night Thoughts

I had lunch with my friend and business associate Julian on Tuesday. It was my day home with the baby so we took her along with us  and ate in the Village at Horace and Sylvia’s. Julian couldn’t stop raving about how nice all the stores and restaurants along Deer Park Avenue were and what a great little place Babylon Village is. I really love it here, but it’s nice to get a little external validation. By the way, I had the warm spinach salad with salmon, which was delicious. Julian had the baked clams and we split a slice of marvelous chocolate cake for dessert. On the housing front, Debra and I saw two open houses this past weekend, 109 Washington and 46 Lee. The full report is in the works, but here are some quick thoughts. 109 Washington is a great house in need of some updating. 46 Lee is a real dump. Also, Debra and I heard through the grapevine that the sellers of one house currently on the market were talking about “a blogger who is writing about houses in Babylon” and expressing some concern about what might be said about theirs.  It seems that we are  now the blogging scourge of Babylon real estate. I hope that people out there know that Deb and I aren’t out to do a hatchet job when we...

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Weekend Open Discussion And MLS Report

Some nice spring weather and a bunch more houses on MLS. What could be better? There are 36 open houses listed in Babylon as of this writing, although not all of them are for this weekend. I’m looking to visit Lee and Washington this Saturday. We’ll see how that goes. I have to work on Sunday, the big open house day, but Debra may go out on her own and see a house or two. Homes in Babylon Total: 94 Babylon School District: 66 BSD and Under 600K: 33 Condos/Coops:13 We say goodbye to a couple houses that got a lot of discussion here on HIB, 44 George and 529 Park, each now sporting a Sold or Under Contract sign. I’ll be interested to see the final sale prices. Some interesting new houses this week, including 109 Washington and 90 The Crescent. 33 Mason makes it into MLS at $349K asking. The disastrous high ranch at 179 Cadman is back up, now at a merely ridiculous $449K. We saw the Cadman house some time ago. I wrote an open house report about, but they pulled the place off the market before I got to post it. This is an open discussion thread, so I invite any and all readers to pipe up and say something. Feel free to leave a comment and ask a question, make an observation, tell...

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Open House – 539 Gwynn Street

Well, last Sunday was Easter and I had to work anyway, but there were some open houses on Saturday and Debra ventured forth to see the one we might be interested in. The house report is based mostly on her commentary and my editorial input. That’s actually a bit ironic, considering that she’s the editor in the family. 539 Gwynn Street MLS# 2173108 – Zillow Page Ask $379,990 4 bedrooms – 2 baths Taxes:$9,360 – Village Taxes: $852.75 As expected, the house is almost completely not updated.  However, other than the kitchen and baths, the rest of the issues are generally cosmetic. With lots of painting, removal of the awful paneling and similar work it could be a really nice house. That is, it could be with enough money spent on it. The cabinets in the kitchen are original wood ones. The doors are probably not worth the effort to save, but you could get new doors and paint the rest. And there’s a couple of weird little drawers that waste space. It might be worth replacing it all, or some of it, anyway. The rest of the kitchen is worthless. The floor is awful. The appliances should be tossed out. The rooms upstairs are quite big with reasonably high ceilings. The landing is wide and could be lined with bookshelves. The master is big and has three closets....

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