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03-14-2009, 09:21 AM
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Senior Member
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Join Date: Jan 2009
117 posts, read 65,441 times
Reputation: 18
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A good example of an simple overpriced LI house
This is a nice, small, middle class home that should be selling for no more than $320,000! It is easily marked $80k over what it is worth!
When are LI homeowners who want to actually sell in this market going to open their eyes? If you wait 5-6 years could you get that amount or more? Probably. Stop with the high price and you will actually sell! This isn't 2006.
2428 Wantagh Avenue, Wantagh NY 11793 - Trulia |
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03-14-2009, 09:28 AM
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Junior Member
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Join Date: Mar 2009
4 posts, read 2,424 times
Reputation: 10
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Quote:
Originally Posted by ianwaters
This is a nice, small, middle class home that should be selling for no more than $320,000! It is easily marked $80k over what it is worth!
When are LI homeowners who want to actually sell in this market going to open their eyes? If you wait 5-6 years could you get that amount or more? Probably. Stop with the high price and you will actually sell! This isn't 2006.
2428 Wantagh Avenue, Wantagh NY 11793 - Trulia |
You could always put in an offer of $320 and see what happens. |
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03-14-2009, 09:36 AM
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Senior Member
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Join Date: Jun 2008
445 posts, read 219,523 times
Reputation: 27
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its wantagh, and seems to me priced accordingly, this house would have an asking price of $525k in 2005/2006
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03-14-2009, 09:55 AM
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Senior Member
Status:
"Seeing the Rockettes at Radio city tonight :-)"
(set 2 days ago)
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Join Date: Jan 2007
Location: NYC & Long Island
7,327 posts, read 4,080,914 times
Reputation: 1381
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I'm in contract with a house in Levittown that's similar, maybe just a little bigger. Asking price was 300k, we got it for 275k. That house doesn't seem to be worth that much.
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03-14-2009, 10:24 AM
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Senior Member
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Join Date: Jun 2008
445 posts, read 219,523 times
Reputation: 27
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dont take this the wrong way, but wantagh will have a higher price. $100k more, i doubt it it, but i would say $60K to $70K. Its also in a nice area, south of merrick.
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03-14-2009, 10:38 AM
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Senior Member
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Join Date: Dec 2006
Location: Albany (school) NYC (home)
698 posts, read 482,074 times
Reputation: 204
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Quote:
Originally Posted by suzook
its wantagh, and seems to me priced accordingly, this house would have an asking price of $525k in 2005/2006
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525k? I feel like if I stand up next to that house I would look over it.  |
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03-14-2009, 10:54 AM
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Senior Member
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Join Date: Apr 2007
1,380 posts, read 1,137,700 times
Reputation: 151
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I'd give you 150K for it.
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03-14-2009, 11:06 AM
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Senior Member
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Join Date: Feb 2007
Location: Northwestern Michigan
586 posts, read 366,397 times
Reputation: 171
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$400k for a 1400' sq ft house in Wantagh? LOL!! Look at these overpriced shacks. long island real estate - all classifieds - craigslist
These homeowners are STILL in la la land  |
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03-14-2009, 11:25 AM
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...tryin to reason with hurricane season...
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Join Date: Nov 2006
Location: Sound Beach
1,248 posts, read 911,202 times
Reputation: 292
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An article on cnn.com this morning said sale price is averaging 16% lower than asking price for the "NY Metro" area...not sure if that includes LI but I assume it does. Based on that this house would sell for about 335-340K.
can any of our Realtor friends confirm or deny the 16% estimate?
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03-14-2009, 11:40 AM
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Senior Member
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Join Date: Jun 2008
445 posts, read 219,523 times
Reputation: 27
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that house will probably sell for 360k
same block and style house
http://www.zillow.com/homedetails/23...31416205_zpid/ |
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