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Tuesday, October 14, 2008

Dollar Days: Big Price Cuts

I took a look back at the Hot Properties I've featured over the last year that are still for sale and found that, while many have received mild price cuts, a few have had their asking prices seriously axed. Here are some of my picks of Hot Properties that have had their asking prices cut enough to make them seem—compared to what has been selling—like very good deals.

Location: Croton
Featured: June 26, 2008
Old Asking Price: $925,000
New Asking Price: $699,000
Agency: Houlihan Lawrence

Location: Yorktown
Featured: June 10, 2008
Old Asking Price: $1,195,000
NewAsking Price: $999,000
Agency: Houlihan Lawrence

Location: Ossining
Featured: May 8, 2008
Old Asking Price: $729,900
New Asking Price: $575,000
Agency: Houlihan Lawrence

Location: Katonah
Featured: October 10, 2007
Old Asking Price: $1,285,000
New Asking Price: $999,000
Agency: Sotheby's International

2 comments:

  1. AnonymousOctober 14, 2008 at 12:31 PM

    I love the Yorktown house, but the taxes are $24,000. And the Croton taxes are even higher. The prices seem good, but those taxes!

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  2. AnonymousOctober 15, 2008 at 7:39 AM

    I don't think the taxes are bad for that much square footage and land. Moving from the city, 24K is school tuition for one kid a year, so that much for school and garbage, fire, police, roads, and everything else seems reasonable. And price of the Yorktown house will get you a small 1 bedroom in the city.

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