What you can get right now on the North Fork under 500K

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A snowy Sunday on Long Island’s North Fork, doing drive-bys and walk-arounds of vintage properties under $500K, with mixed results.  It looks like half a mil is not enough in these parts to get a great house in a great location; you might get one, but not both.

But hope springs eternal.  I’ll be checking out more promising listings in days and weeks to come.

Here’s some of what I saw yesterday.  For more info on these houses, go to the Multiple Listing Service of Long Island website; search on town and asking price.

Greenport disappointment, $449K (right) p10200981 An 1890 brown clapboard village Victorian with front porch, in need of much work, on too small a lot, too close to downscale neighboring houses, for too much money.

Thrilling house, misleading listing (below) Late-19th c. Italianate gem in Southold needs tons of work – but who cares? It’s a rare find in a classic North Fork setting, with long farmland views, a small barn, a side porch, and a fair amount of interior detail, enough to suggest what a delightful home this could be.

Listed at $499K on one acre, it will be sold only with 22 adjacent acres for an additional $880K, or $40,000/acre.  The farmland is ‘protected’ in perpetuity by a Suffolk County farmland preservation program; it must be used for agriculture and cannot be subdivided or built on.  But it could work for the aspiring nurseryman/woman, vineyard owner, or organic farmer.p10201201

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Wow location, not much house (below). Fantastic wooded acre in Southold, mere yards from Great Pond, and a hop, skip and jump to Long Island Sound beaches.

The house itself is an uninsulated 2BR blue cottage from around 1950 in good shape, in an old-fashioned-feeling compound of cottages, with a tasteful shingled McMansion next door.  Permits are in place for a dock and expansion of the house.

A brick fireplace is the only heat source.  As is, this is strictly a summer place, or three-season for hardy types.  Worth 499K?  So far, no one seems to think so.

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About cara

I blog (for fun) here at casaCARA, and write (for money) about architecture, interiors, gardens and travel for many national magazines and websites.
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