LET’S play my favorite masochistic game: it’s called “Real Estate Regrets.” Right now I have a mild case over this property in Germantown, N.Y., which is set to close this coming week.
A former fruit and berry farm on 4 acres, it’s a c.1900 3-bedroom farmhouse on a quiet road, in the same family for 100 years. Nothing special architecturally, but in decent shape, with a small barn for a studio or office and, in industry parlance, “sweeping, uninterrupted mountain views.”
It was an exclusive with Gary DiMauro in Tivoli, and it sold within 24 hours, says broker Susan Lyne. The asking price was $195,000, and it was an all-cash deal.
The lessons here? (a) Don’t dilly-dally, and (b) Have a lot of cash at the ready, if at all possible.
On the bright side, it’s inspiring to know that such good values are showing up on the current market.
Note: I am not a real estate broker, and I do not have any financial interest in the sale of this or any property mentioned on this blog. I just like spreading the word about unique, historic properties and what I believe are solid investment opportunities.
OUCH! I would have loved to find this bargain. Love your entries! The plaster one is the best I’ve seen locally.
Anonymous, i think you speak for many of us – OUCH indeed!
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