LOCATION, LOCATION, LOCATION. I’ve been mulling that old real estate trope lately and wondering if it is always true. If so, this vintage cottage does not have it going on.
It’s on Rt. 114 in East Hampton which, as the name suggests, is a pretty busy road. I’ve long had an aversion to property with a route-some number address, because they’re county roads with enough traffic to qualify for double yellow lines down the middle.
BUT, like so many things, location is subjective and often psychological. I’m thinking of our row house in Boerum Hill, Brooklyn, which thirty years ago was on the fringe of a fringe neighborhood, and now is considered by one young tenant “such a great location!” Yes, the neighborhood has changed, but I for one still wouldn’t consider it a great location, much less one with an exclamation point.
BUT again, look at this place. You can tell just by the placement of the door and windows that it’s 200 years old, though it has been thoroughly remodeled and (invisibly from the front) expanded; it now has 3 bedrooms and 1-1/2 baths for a total of 1,600 square feet, and even a swimming pool. It’s set about 100 feet back from the road, with neighbors on that stretch of 114 that include a tree nursery and what must be East Hampton’s largest expanse of corn field.
Taxes are low ($3,156/year), and though the asking price is crazy ambitious, its charm factor is so high I couldn’t resist bringing it to your attention.
You’ll find more details and photos here.