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Re: Property appreciation crystal ball.....
Posted by cryptical [Email] (more from cryptical) on Mon, 28 Mar 2005 20:34:26
In Reply to: Property appreciation crystal ball....., John in CT, Mon, 28 Mar 2005 20:27:14
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You get hammered with property taxes in NY state though. But I do agree it's a really nice area.
I grew up in Darien and I find it absolutely amazing what people are spending for property there now. They really aren't even looking for the house, just a place on a nice size lot to level the existing home and build a 6000+ sq ft house.
My parent's neighbors of many years just sold their home. A small cape...maybe 1400 sq ft maximum on 1/2 acre tops. Put it on the market for $840k or so, and I believe it went for about $865k after a small bidding war. The place hasn't had an interior update in almost 30 years, including paint! The exterior wasn't much to look at either. But sure enough, sold in under a week and I can bet it will be leveled soon enough.
Seems like every 5th house in town has a dumpster in the driveway and some building going on whether it's new construction or an addition.
posted by 24.151.98...
Posts in this Thread:
- Help for 1st time home buyer......, Todd N, Mon, 28 Mar 2005 11:43:17
- Thanks everyone....., Todd N, Tue, 29 Mar 2005 07:11:07
- Bring your checkbook (long), nypb, Mon, 28 Mar 2005 21:05:09
- Re: Help for 1st time home buyer......, cryptical, Mon, 28 Mar 2005 20:39:06
- Get a home inspection!, Saabpilot
, Mon, 28 Mar 2005 17:41:31 - Speaking of 1st......, Rafe, Mon, 28 Mar 2005 14:54:34
- A few thoughts..., Noel, Mon, 28 Mar 2005 13:39:28
- Pre-approval set.....more ???'s, Todd N, Mon, 28 Mar 2005 13:29:49
- 80/20 loan, NickR, Mon, 28 Mar 2005 12:42:18
- $$$$$$, ChuckD
, Mon, 28 Mar 2005 12:38:22
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