Daily Archives: January 9, 2012
Scotch in a can, $5 a pop. It’s early days, but I’m making this my front runner for an Ignoble award, 2012.
Georgia school concocts math homework asking questions like how many slaves it would take to pick 56 oranges and “if Frederick Douglas was beaten twice a day, how many times was he beaten each week?”. I suspect that the scholars who came up with this idea are black, but the parents are upset nonetheless.
66 Cat Rock, 3 Fairfield and 5 North Crossway all report contracts today. Cat Rock is a charming place but with just one acre in the two-acre zone it’s pretty restricted by FAR so its 2006 price of $2.195 million made no sense. Its latest price of $1.199 obviously worked for one buyer, probably because the assessment is $1.099.
3 Fairfield, that junker on 0.1 acre was asking $499,000 but even at that price I’m surprised someone bit. I’ll be curious to see what it actually sells for.
5 North Crossway, marked down to $1.995 from close to (above?) $3, was a pretty good deal. Very beach housey and it sure looks like its yard floods regularly but the house has been there since 1912 so I presume it’s not going anywhere. I’d love to own this house. Another one selling for its assessment which, you will remember, is supposed to represent just 70% of estimated market value.
People’s Bank has listed 30 Crescent Road for sale at $1.299 million. I’m sure this was a great house back when it was built in the 40’s but when it lost its backyard to I-95 a lot of the charm went with it. Interesting price history: listed for $1.675 in 2004, the former owners won it by bidding $1.760 (and aren’t I glad I wasn’t involved in that sale). People’s loaned $1.4 million on it in 2005 and ended up foreclosing. If the bank really gets $1.3 for it they’ll come off relatively unscathed but I’m not confident that they will.
Here’s a video from a former listing.
134 Cat Rock Road sold after just six days on the market for $3.237. Pretty nice inside, judging by its pictures (I never saw it – out of town). 2 1/2 acres, pool, all that builder stuff buyers still like, it seems like a lot of house. The listing agent sold it to her own client, which makes for a very decent payday – I’m jealous.
Start with a large one. 18 Dingletown Road, on the market since last May, has cut its price to $1.825. Owners paid $2.4 for it in 2005, someone else paid $1.7325 in ’02, before the current renovations. Assessment is $1.237, which might be a goal to shoot for if you’re into bargain hunting.