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I MAY HAVE FOUND MY SYNAGOGUE here on the East End (I say ‘may’ because I’m still shopping around).

I went to Yom Kippur services at Temple Adas Israel in Sag Harbor, the oldest synagogue on Long Island, and found the unpretentious building very much to my liking (I have a habit of choosing a house of worship largely for its architecture). I also liked the gender-neutral prayerbook and the way the rabbi, Leon Morris, made the service personal and very moving.

The building, which dates from 1898, is sweet, sitting on a hill in a neighborhood of vintage cottages (see one example, below). It has been in almost continuous operation since 40 or 50 fresh-off-the-boat Jewish craftsmen, with their families, were brought out directly from Ellis Island in the late 19th century to work in the watch factories of Sag Harbor.

I love the elaborately carved wood decoration above the altar, the vibrant (relatively recent) stained glass windows, and the fact that the main sanctuary only seats about 100 people, with High Holiday overflow in an annex.

The shul (Yiddish for synagogue) doesn’t require tickets for Yom Kippur, the holiest and most crowded of Jewish holidays. “We don’t turn anyone away,” said Howard Chwatsky, a longtime congregant and this year’s treasurer.

It’s a warm and welcoming place for a wandering Jew like me.

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“TURN THIS DOWAGER INTO A VILLAGE QUEEN!”

That’s the best of the headlines of the half-dozen HREO (Hamptons Real Estate Online) listings for this plain Jane, century-old 3 BR, 2 bath house in the rose-arbored, clapboard-shingled, fanlight-studded, shutter-bedecked, once-proud whaling village of Sag Harbor. (Now it’s the funky but chic “un-Hampton,” conveniently located right in the middle of the Hamptons, but at a safe physical and psychological distance from them.)

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This is my favorite kind of investment house. This is what gets my blood racing (how ’bout you?) “Neglected.” “Not been maintained.” “Needs TLC.” “If you like projects…” This crone is decrepit, and that’s not all it has going for it:

  • It’s on Jermain Avenue, one of the oldest and pleasantest streets in the Village.
  • It’s in bad, bad shape, but look at it this way: it hasn’t been too badly f*cked up. One broker of several I talked to hinted darkly at “structural problems,” which probably means “Please don’t waste my time and gas if you’re not from the renovators.” Invoking structural problems is no way to sell a house. That’s about as scary a description as they come, but “structural problems,’” as I found out when I bought an 1810 building in Philadelphia, CAN end up being no big deal and cost little to fix (or not). I tried to get more info by calling a couple of other agents (it’s an open listing) and here’s what I heard: “I haven’t been down in the basement.” “No one has had it inspected yet.” Sounds highly negotiable to me.
  • The house is an estate sale. It was owned by an elderly couple, who died recently in their 90s. It’s cluttered with old people’s stuff, a turn-off any would-be investor/homeowner needs to get past. It was on the market while the couple was alive, failed to sell, taken off, and recently put back on by their heir. What does that mean? Even more negotiable.

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  • What looks like clapboard in the photos is actually vinyl siding, the one ‘improvement’ they apparently did make. No upside to that. The heating system (oil hot water) works. The house needs plumbing and electrical upgrades, duh. Taxes are a mystery at this point (the homeowner had veterans and senior exemptions), but one broker estimated they would be around $4,000/year.
  • There’s a garage in the back, right on the property line — which would never be allowed today — but it’s legal. The garage is in decent shape, with old sliding doors.

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If you could get a Sag Harbor Village Victorian like this one for 450K or even less, well, you’d have turned the clock back quite a few years, with better interest rates.

I’VE BEEN GETTING FED UP with house prices here in the Humptons. Yesterday my friend Debre and I stumbled upon an old farmhouse with a ‘For Sale’ sign on Old Stone Highway in Springs, below, found the door open (!) and the realtor’s flyers conveniently stacked on the kitchen counter. I was hoping it was under $1mil. In fact, they’re asking $2.5mil.

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Turns out that’s for two houses — a barn-like 7BR place built at the back of the property in 2001, plus the renovated 4BR 19th century house nearer the road (suggested in the literature as a guest house), both on 1.5 acres. Still, that’s a big number, and this blog is supposed to be about affordable real estate.

So I decided to troll the listings to see what’s new on the low end of the scale here on the East End of Long Island, and turned up these three older properties — one in the Sag Harbor area on the South Fork and two in Greenport on the North Fork — for much more agreeable prices. (Click on the live links below for more details.)

I love the look of this 2BR Craftsman-style bungalow in Greenport, below, asking 365K. Said to be in excellent condition, with a couple of outbuildings, and well-located near the harbor.

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These have always intrigued me: Breezy Shores is a bayfront community in Greenport made up of classic 1940s beach cottages, below, with a shared beach and marina. No heat, unfortunately, so their use is limited, and prices have gone up since I last looked. There are two available, asking 349K for each.

See how great it could look here.

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This nondescript cottage, below, is really cheap for the South Fork: asking 299K. Not having seen it, I make no representations. It’s on Noyack Avenue in Pine Neck, near the water, with mooring rights and gas heat. Maybe it could be charmed up? I’m sure a team of editors from Domino magazine could have done it.

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With summer ending, houses languishing on the market, and interest rates still low, this could be a very good time to look.

Check back soon for 5 under 500K in Sag Harbor – all pre-WWII cottages.

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