Steak House Owner Provides Expert Real Estate Advice
Here is the owner of Danny's steakhouse in Red Bank writing about local real estate prices. His comments are right on the money.
HOW MUCH FOR THAT HOUSE?
"How about the prices on homes in the area lately…they just about knock your socks off when you ask how much. I know it was ten years ago but I sold a house on Hill Top Terrace with an acre of property, 11 rooms and out side porches for $250,000. The house sold last year for $675,000 and God knows what it is worth just a year later. We in this area could all sell our homes for a profit but where would we go?
The neighbors on Irving Place got a jolt when a house on that block sold for $1,100,000 just two months ago. The house was purchased for about $470,000 three years ago. The owners worked their butts off to totally renovate the home over the past three years. The entire house was redone with new multiple colored wood floors, new dark rich wood molding throughout the entire house. Every room was re done as well as richly stoned garden both front and back of the house. New modern kitchen and baths were installed along with new doors and windows. The end result was the price tag it sold for."
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HOW MUCH FOR THAT HOUSE?
"How about the prices on homes in the area lately…they just about knock your socks off when you ask how much. I know it was ten years ago but I sold a house on Hill Top Terrace with an acre of property, 11 rooms and out side porches for $250,000. The house sold last year for $675,000 and God knows what it is worth just a year later. We in this area could all sell our homes for a profit but where would we go?
The neighbors on Irving Place got a jolt when a house on that block sold for $1,100,000 just two months ago. The house was purchased for about $470,000 three years ago. The owners worked their butts off to totally renovate the home over the past three years. The entire house was redone with new multiple colored wood floors, new dark rich wood molding throughout the entire house. Every room was re done as well as richly stoned garden both front and back of the house. New modern kitchen and baths were installed along with new doors and windows. The end result was the price tag it sold for."
More...
posted by Little_Silvered at 10:07 PM
1 Comments:
the thing is - all the areas around NYC are exploding - and part of the reason given is that post 9/11 - there are people that want to be out of NYC.
Then why are NYC prices sky rocketing even faster? Suddenly, everyone says their neighborhood is desireable and have people moving in. Um, I thought immigration laws were stiffened past 9/11. Maybe it was secret human cloning going on...
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