WEBSTER NY - HOUSE FOR SALE

[BizCT]

My friend, who likes to golf, just sent me this article. Only $299K! Maybe @Nomad, @moog5050 , @Beloor @phade know if it?

https://www.golfdigest.com/story/house-golf-backyard-of-dreams-can-be-had-surprisingly-reasonable-price-real-estate

[BizCT]

and how is it only $300K? shouldn't it be like $3M?

[Nomad]

4 minutes ago, Biz-R-OWorld said:

and how is it only $300K? shouldn't it be like $3M?

It’s heavily discounted , for having me as a neighbor .

It’ll sell over asking like they all do . But it’s only 2000 square .

Our friends house listed for 265, sold for just over 300 same area same SF .

you want me to grab it for you ? There’s lots of deer around 

[BizCT]

2 minutes ago, Nomad said:

It’s heavily discounted , for having me as a neighbor .

It’ll sell over asking like they all do . But it’s only 2000 square .

Our friends house listed for 265, sold for just over 300 same area same SF .

you want me to grab it for you ? There’s lots of deer around 

Haha. I wonder if the owner has all the mowers to maintains those greens or has someone do it?

[luberhill]

Houses near me ( Cayuga County ) are selling for 100k over assessment 

275k for 1300 sf ranch houses on village lots !

Selling in a couple days… now they are showing for a few days and you place a bid on a given day or say you will out bid by 2k the highest bidder up to X amount of dollars

Edited July 8, 2021 by luberhill

[sbuff]

Man that sure looks more then 2000sq, if no price was listed I'd surely guess over a million ..

[Jeremy K]

I wonder if the current owners are moving to texas or florida

[dbHunterNY]

11 minutes ago, Jeremy K said:

I wonder if the current owners are moving to texas or florida

depending on where they are in each state, probably both. 2 homes for off loading of one in NY.

14 minutes ago, sbuff said:

Man that sure looks more then 2000sq, if no price was listed I'd surely guess over a million ..

not counting the garage, shed, and any basement Sq ft.

[dbHunterNY]

40 minutes ago, Nomad said:

It’s heavily discounted , for having me as a neighbor .

It’ll sell over asking like they all do . But it’s only 2000 square .

Our friends house listed for 265, sold for just over 300 same area same SF .....

not just that area. house across the road from me is on 3rd owner in 2 yrs. half the size of mine and just sold for $40+k more than what I paid for mine not long ago.

[Lawdwaz]

It’s all about the bidding period.   Rumor has it my cousin’s house in Pittsford just last week sold for $200,000 over asking.  (Asking was $675,000)

[Nomad]

My sisters home is on a small private rd at least a million dollar home  . They were talking to a neighbor about selling, the 30 year old neighbor said he wants it for his brother and would give them cash for their asking price .  They’re making their FLA house the permanent resident  and buying a small one up,here for the summers .

Jeremy is right , our one nephew who moved his family to Texas is up,here for a bit , he said their three closest friends here are all moving down when they retire . Most of our friends and family have left , and I feel the next ten years will be a mass exodus,it’s all anyone we know talks about .

[mowin]

My wife has 4 yrs until she retires form the state with 32 yrs.  However there's speculation king andy is going to mandate all state employees must get vaccinated.  Not going to happen. Wife has started looking into work opportunities in Tennessee.  

[Nomad]

44 minutes ago, mowin said:

My wife has 4 yrs until she retires form the state with 32 yrs.  However there's speculation king andy is going to mandate all state employees must get vaccinated.  Not going to happen. Wife has started looking into work opportunities in Tennessee.  

What’s her field , my nephew in Nashville is part owner of a company that does online payments of hospital Bills , college tuitions , tax payments and so forth . He also buys and sells companies all over the US . Currently owns 30 or so .

[moog5050]

Don’t know the house but what a huge pain to maintain.  

[BizCT]

It’s all about the bidding period.   Rumor has it my cousin’s house in Pittsford just last week sold for $200,000 over asking.  (Asking was $675,000)

But will it appraise at $875K? That seems to be an issue some people are running into with all these houses being worth $200K more today than last year. unless you pay cash in full


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[mowin]

1 hour ago, Nomad said:

What’s her field , my nephew in Nashville is part owner of a company that does online payments of hospital Bills , college tuitions , tax payments and so forth . He also buys and sells companies all over the US . Currently owns 30 or so .

She works for workers compensation board. Been there for 29yrs. Knows the comp laws and all the codes. I'm sure the laws and codes are a lot different  state to state, but she's confident she could be a asset to the Tennessee state compensation. 

[dbHunterNY]

But will it appraise at $875K? That seems to be an issue some people are running into with all these houses being worth $200K more today than last year. unless you pay cash in full


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It'll be assessed for what they paid for it at least with matching taxes. Whether or not they have negative equity is different. So far sold houses have been in bidding war or have backup offers. A bank would be dumb to turn you down due to their lower appraisal. Another bank will just step in.

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[DirtTime]

The pool is taking up prime ground for another green.

[ApexerER]

That is pretty cool.....

[grampy]

Dang.......I coulda joined the Webster neighborhood instead of buying my new place!!!

I would have torn up all that silly golf stuff, and put in food plots though.........

[Bolt action]

I was at my son's baseball game last week and we were talking real estate and this house came up. It sounded like the owner's son installed and maintains the course. It's cool, but what a pain to maintain for the new owner. 

[BizCT]

8 hours ago, dbHunterNY said:

It'll be assessed for what they paid for it at least with matching taxes. 

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Not everywhere. I have been looking at houses since February and spoke to several town assessors in NY and CT. While their taxes are going up the typical 2-3%, they are not jumping 40% just because a house is worth that much more now.

and some towns just do values/formulas. Where the number equates to tax amount.

Edited July 9, 2021 by Biz-R-OWorld

[Steuben Jerry]

34 minutes ago, Biz-R-OWorld said:

While their taxes are going up the typical 2-3%, they are not jumping 40% just because a house is worth that much more now.

Maybe not with the house sitting static. But in a sale situation, it takes a year to catch up. Recent sale amount is one of the best indicators of a house's value which helps to determine the assessment. 

 

Edited July 9, 2021 by Steuben Jerry

[BizCT]

11 minutes ago, Steuben Jerry said:

Maybe not with the house sitting static. But in a sale situation, it takes a year to catch up. Recent sale amount is one of the best indicators of a house's value which helps to determine the assessment. 

 

understood. but if every house is up 40% and 300 houses sell in a town in a year, that's a shit ton of extra $ if all their taxes went up 40%. But it doesn't work exactly like that. Every house that was $500K last year and sells for $700K this year, doesnt mean their taxes go from $15K/year to $21K/year while all the neighbors with same exact house stay at $15K.

[Steuben Jerry]

6 minutes ago, Biz-R-OWorld said:

understood. but if every house is up 40% and 300 houses sell in a town in a year, that's a shit ton of extra $ if all their taxes went up 40%. But it doesn't work exactly like that. Every house that was $500K last year and sells for $700K this year, doesnt mean their taxes go from $15K/year to $21K/year while all the neighbors with same exact house stay at $15K.

Those houses that didn't sell will get caught up in the next town wide reassessment, which is probably being moved up on everybody's schedules. No taxing authority is going to miss out on a potential windfall like this rapid raise in housing inventory value. Especially with King Andy's cap to keep town and county tax increases at 2% annual while he cuts state aid to those same taxing authorities.