Friday, December 16, 2005

The Rumson House is Still Listed

As most readers of this blig know, I have been following the listing of this house in Rumson since last April. It has now been almost 8 months and the house is still there, unsold. Since about last April, the listing price has been reduced to from $940k to $749k. If you want to see where it is located, here is the link to google maps. Its at the corner of South Ward and Waterman. I drove by the house a few weeks ago and was not impressed. I thought that it might be on the water, but its not.


MLS ID#: 10038427

6 Comments:

Anonymous business note buyers said...

This comment has been removed by a blog administrator.

Friday, December 16, 2005 8:03:00 PM  
Anonymous Anonymous said...

Not only did I go to Google maps but I looked at the satellite view. That neighborhood is probably no more than 20 feet above sea level, tops.

While I have not driven through that neighborhood, I have driven down the simarly low-level Seven Bridges in LS during a late winter storm. Or attempted anyway before getting turned back because it was flooded out.

I'm guessing that the RUMSON house experiences similar briney encroachment on a rountine basis. In fact, the rock-garden front lawn is ample proof that the "waterview" described in the ad often applies to the driveway. Better keep that Beemer in a sealed garage or it will rust to pieces in short order. Sooner if the next nor'easter hits during a full moon.

So the buyer will need to factor in the cost of federal flood insurance and the extra maintenace required to maintain a house in a harsh coastal environment.

And that assumes that the little spit of land that it sits on doesn't itself slide into the river.

Mother Nature. D/N/T

Saturday, December 17, 2005 11:59:00 AM  
Blogger grubner said...

anonymous

You are correct. My wife and I live nearby and I can vouch that most of that area is LESS than 20 feet above sea level. I fish a lot and the old timers who remember the hurricanes from the 40s 50s & 60s say we are due for a “nasty one” I have been told that in the past, that area has experienced significant flooding. I have seen a high water mark, from a hurricane in the sixties, in a repair shop in the Highlands that (if true) convinced me that this area can/will see significant flooding.

Some of the houses in the area sport grass lawns.

Saturday, December 17, 2005 12:49:00 PM  
Anonymous Anonymous said...

Here's another thought..

If the sellers couldn't move the house during the hot summer, I wonder what their expectations are during the cold, damp, dreary days of winter with the cold wind whipping off the Shrewsbury. Will the new year bring a new price reduction?

At the risk of earning a NoShitSherlock award, I think their best hope is to find a deep-pockets Wall Street guy who's looking for a summer home by the water but lives year-round in Short Hills (or NYC) or something.

Sunday, December 18, 2005 4:56:00 PM  
Blogger grubner said...

Anonymous

COME ON you’re thinking way too much. Somebody’s going to buy it because it’s going to go up in value.

Sunday, December 18, 2005 6:05:00 PM  
Anonymous Anonymous said...

So Rumson has a "harsh coastal environment" ? Somebody needs to get out more! Anyway, take a look at the whole neighborhood. Many homes have been either knocked down and rebuilt or have been renovated. Many sell for $1mill++. Perhaps $749,000 is a good deal!!

Friday, January 06, 2006 2:38:00 PM  

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