Hi HIB readers. I’m back to posting about Babylon real estate, at least for this one post. Frankly, there’s not much to interest me in the current market, but I’ll keep plugging away as much as I can.
I was able to get the Sold Properties feature working on my PC by disabling the firewall. Sadly, that seems to have worked only a few times. I’m still able to access the tool from my wife’s laptop for some odd reason.
Nine houses sold in Babylon in October of 2008. That’s pretty good, actually, but I expect more than a couple were holdovers from August/September.
62 Mayhew Ave
- MLS# 2097581 – Zillow Page
- Sold: $580,000 – 10/14/2008
- Prior Sales: none
- 4 bedrooms – 2 bath – Hi Ranch
- Taxes: $9,426 – Village Taxes: $866
A waterfront home on the canal. It seems to have a nice deck and a good sized lot. W. Babylon schools. the listing mentions 2 stoves and 2 refrigerators, which is often code for an illegal two family house
36 Burnage Ln
- MLS# 2095165 – Zillow Page
- Sold: $355,000 – 10/17/2008
- Prior Sales: none
- 3 bedrooms – 1.5 bath – Split Ranch
- Taxes: $8,610 – Village Taxes: none
N. Babylon schools – not in the village –
156 Cockonoe Ave
- MLS# *1016440 – Zillow Page
- Sold: $545,000 – 10/20/2008
- Prior Sales: none
- 4 bedrooms – 3 bath – Colonial
- Taxes: $11,969 – Village Taxes: $1,684
Eastern edge of the Indian section.
109 Whalers Cove
- MLS# 2075720 – Zillow Page
- Sold: $340,000 – 10/22/2008
- Prior Sales: none
- 2 bedrooms – 1.5 bath – Condo
- Taxes: $4747 – Village Taxes: ??? – Common Charge: $235
Another condo in the Whalers Cove complex. This seems about the going rate for one of these two bedroom units, but it’s hard to see spending this kind of money for a condo when you could get a whole house for not much more.
47 Frederick Ave
- MLS# 2088868 – Zillow Page
- Sold: $340,000 – 10/22/2008
- Prior Sales: none
- 3 bedrooms – 1 bath – Ranch
- Taxes: $8,523 – Village Taxes: $338
We saw this one shortly after it came on the market and wrote about it. The house needs a ton of work and I’m very surprised that it wen for $340,000. That’s only $9,000 under asking price. Still, there’s not a lot of houses in the Village in this price range, so when one comes on the market, there’s a lot of interest.
79 Mayhew Ave
- MLS# 2105961 – Zillow Page
- Sold: $400,000 – 10/27/2008
- Prior Sales: 10/04/2001: $168,500
- 3 bedrooms – 1.5 bath – Ranch
- Taxes: $6,662 – Village Taxes: $826
W. Babylon schools.
14 Araca Rd
- MLS# 2027699 – Zillow Page
- Sold: $450,000 – 10/27/2008
- Prior Sales: none
- 3 bedrooms – 1 bath – Colonial
- Taxes: $7,098 – Village Taxes: $735
Looks like a decently sized house on a bigger plot of land south of Montauk.
19 Howard St
- MLS# 2099534 – Zillow Page
- Sold: $490,000 – 10/28/2008
- Prior Sales: 07/14/2006: $411,000
- 3 bedrooms – 1.5 bath – Colonial
- Taxes: $5,440 – Village Taxes: $339
We saw this house and it’s very oddly laid out. The place was expanded some time in the 80’s and the owners were in the process of renovating. It’s significantly over the 2004 price, but I’m sure that accounts for some fairly significant work put into the place in the intervening years.
565 Pinto St
- MLS# 2032940 – Zillow Page
- Sold: $315,000 – 10/28/2008
- Prior Sales: 06/04/2004: $338,000 /li>
- 3 bedrooms – 3 bath – Ranch
- Taxes: $10,249 – Village Taxes: None
Another one of those houses that are north of the village, south of Sunrise and just over the line into the North Babylon school district. This seems to be a nice one with a full finished basement and three full baths.
Of course, for the real story here check out the prior sale. The discount off the 2004 price isn’t huge, but it’s there and it’s unmistakable.
30 The Crescent Unit #: 6
- MLS# 2101664 – Zillow Page
- Sold: $235,000 – 10/30/2008
- Prior Sales: none
- 2 bedrooms – 1 bath – Co-op
- Taxes: $??? – Village Taxes: $???
We used to run past these units all the time. They look nice from the outside, although parking is an issue.
Re: 62 Mayhew Ave.
That place looks like it was shot for some type of 1980’s period piece movie (Goodfellas, or maybe My Blue Heaven – execpt that movie was funnier than the joke on these owners).
Your post should hide the picture behind a [more] link, and tell a word story:
A family works hard, scrimps and saves for years, patches together a $116,000 (20%) downpayment [in most parts of our country, you can buy the whole home for that]. Both adults in the house have to work, and they climb their way up the corporate ladder to a yearly income above $162,000, in order to afford the roughly $3,800 monthly mortgage payment, a $464,000 mortgage plus taxes and insurance of about $1,000 per month. They have to commute to Manhattan, since few jobs on Long Island pay that well… the commute occupies 2.5-3.0 hours every day, 5 (or more!) dayes a week. They come home late and tired, pick up the kids from after-school day care where they’ve been from 3:00PM to 7:00PM, get a take-out dinner, and finally retire to their stately home… [click here for picture]
The big “REVEAL” of the home picture should include the music from Let’s Make a Deal (plunger mute trombone wails — wah…wah…waaahhhh…) when they show that someone picked the booby prize.