Month: January 2010

Sold Homes In Babylon Village – September 2009 – Part 2

Like I said in the last post, I’m chopping September’s sold home into three posts. For those of you who are interested, here’s part 1 This middle section of three homes doesn’t interest me much, so my commentary will be brief to nonexistent. As always, feel free to leave your impressions in the comment section. 15 Salt Meadow Rd MLS# 2180392 – Zillow Page Sold: $985,000 – 9/10/2009 Prior Sales: none 3 bedrooms – 3.5 bath – Condo Taxes: $15,906 – Village Taxes: $1,732 Another one of these Salt Meadow condos. This one goes for just under a million dollars. I could think of a lot of homes in Babylon Village that I’d rather have for that money, but that is one awesome view to be sure. 109 Lighthouse Rd MLS# 2192495 – Zillow Page Sold: $517,000 – Sold Date: 9/11/2009 Prior Sales: none 4 bedrooms – 2 bath – Farm Ranch Taxes: $12,461 – Village Taxes: $1,242 This one looks like a suspiciously good deal. It’s a big farm ranch on a big piece of property right on the canal. No pictures of the inside, so maybe that’s a clue. 40 George St MLS# 2157315 – Zillow Page Sold: $440,000 – Sold Date: 9/18/2009 Prior Sales:    11/12/2004 – $510,000 4 bedrooms – 3 bath – Colonial Taxes: $8,687 – Village Taxes: $801 This one is right next...

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Village Park Condominums

There were some questions about these on some other posts, so I figured I’d share what I know, which isn’t much. They’re making some nice progress. I see them every day on my way to work. Georgia Westcott is listing them and she’s got a website up with more info. The site lists the prices as starting as $559K, but there’s no floor plans or model descriptions. I’m not sure if there’s more than one model. The site is a little unclear on the subject. I assume these are going to be very high-end on the inside, but $559K seems like a lot for an attached townhouse with a scenic view of the Babylon train...

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Closing Delayed

From my attorney this morning I was just informed that the bank has pulled the file for re-review of the appraisal. Apparently the area in which the house is located is deemed a “declining market area” and the bank has asked the appraiser to provide 2 recent comparables to which he must conduct a field review, site inspection and photo inspection, all of which is being conducted today. The appraisal was conducted well over 6 weeks ago. The bank has had the file for too long and is now re-reviewing as a direct result of the numerous delays in getting the fully executed contract…and the scheduling of a closing. We are fortunate that they have not asked for an entire new appraisal and are just requesting updated comparables. The market has caused banks to be overcautious of their files and this is one of the many results. The should hopefully be cleared up by Monday and we could still be able to close next week if things fall right. I’ve already extended my lease into February. Assuming we close soon, that will give us time to get the floors refinished, clean and paint before we move...

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January 2010
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