Daily Archives: May 28, 2013

Well this should kill the Riverside boom

The new “proposed” school board redistricting plan will send half of Riverside’s school kids to New Lebanon elementary in Byram. This to achieve “racial balance” from east to west. Still want to split the BOE seats equally between Republicans and Democrats?

Scroll down to pages beginning at 53 to get to the two options. Both will cut Riverside in half and send everyone west of Indian Head Road all the way to the Port Chester border. Don’t gloat: when property values drop top nothing in Riverside  the Grand List will drop in half and we’ll all pay the price in higher taxes to make up the shortfall. Vote Democratic? Only if you hate your children and love poverty.

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Makes sense

 

Home sweet temporary home

Home sweet temporary home

Montauk residents renting out their homes and living in trailer parks for the summer. Hey, pay $18,000 in rent, collect $60,000, what’s not to like? I once came somewhat-seriously-close to doing that on Martha’s Vineyard, where a summer rental would more than cover a modest mortgage. Live on the island for ten months, flee during the summer when no one with any sense wants to be there anyway, and pocket the cash. Renting to strangers isn’t much fun, but at the right price ….

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Thank God for Darwin

North Carolina couple fly to Hawaii to undergo “dolphin assisted birth”

Adam Barrington, 29, and his pregnant wife Heather, 27, told the Charlotte Observer that the dolphin-assisted birth will bring ‘peace, comfort and strength’ to the mother and her baby during birth.

 

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Accepted offers, Riverside and Old Greenwich

A few readers have complained that I’ve been focusing on these two areas of town but it’s not I, it’s the market that’s doing it. In any event, here are two more accepted offers reported this morning.

10 Edgewater

10 Edgewater

10 Edgewater, purchased for $1.095 in 2004 and renovated in 2011, asked $1.745 million and has a buyer 27 days later. Listing says it didn’t flood during Sandy, but that’s not the issue: where does it sit in the new FEMA flood zone? If the buyers haven’t satisfied themselves on that yet, their lawyer will ask. If this reappears on the market in a week, we’ll know the answer. I have no personal knowledge of the FEMA reg’s on this street or this particular location, I just know that we’re in murky waters on the issue and so far, there hasn’t been much focus on the problem. That will change, rapidly.

65 Lockwood Lane

65 Lockwood Lane

65 Lockwood Lane (the portion that backs up to Eastern Middle School, not the I-95 section, asking $1.725, buyer in 35 days. A 1967 Murphy House (cheap), it was redone in 2009. It still looks like a Murphy house to me, and my own clients, who weren’t in town when Mr. Murphy was desecrating old, larger lots, weren’t impressed either, but as I pointed out earlier today, this is Riverside and in this market, I’m not surprised it’s found a buyer – what else is out there?

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A little real estate news

30 North Street has sold, $1.250 million. Not a bad deal, to my mind – building lot close to town, road noise be damned, but it did linger. Started at $1.595.

18 Grey Rock Drive

18 Grey Rock Drive

18 Grey Rock Drive not only sold, it sold in a price war: $800,000 sale price, $785,000 ask. Grey Rock’s a good street and it this price range, even in Glenville, demand is strong. Not surprising at all.

On the other hand, I’m a little surprised that 21 Weston Hill, Riverside, reports an accepted offer just 13 days after hitting the market. Listed at $1.539 million, it lasted 521 days last time it was listed before selling at $1.253. Some renovations, but a back lot with a shared driveway, minimal yard, and you have to walk around back to get to the front door. But this is Riverside, and these days …

8 Dempsey Lane, on the other hand, is not in Riverside, and after its last deal fell through no one else has stepped up. Today its price was dropped from $8.495 million to $7.995. Hurry on over.

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Then why run the article at all?

Greenwich Time: “Hospitals brace for Post Sandy Baby Boom” This is one of those “makes sense” theories – with no television to distract them, women temporarily recover from their headaches and turn to their husbands and boyfriends for entertainment, but it’s also not true, and has been thoroughly and regularly debunked, as the body of the Greenwich Time article admits.

Thus my question.

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This can’t end well

EU lifts arms embargo, will ship heavy weapons to Syrian rebels.

Lots of bad guys have been waiting for this, and despite the EU’s intention to give arms only to “good guys”,  these things tend to end up in the possession of whoever’s the most powerful. I think we’ll regret this. Russia certainly thinks so and, regardless of what we may think of that country’s leaders, they seem to have a more realistic view of what’s going on in the Middle East than, say, John McCain. Al-Qaeda awaits.

UPDATE: Oh goodie – Russia has responded by saying it will now ship anti-aircraft missiles to the Syrian government, Israel says it will target them in return.   Obama says he’s ended all war by presidential dictate, so I guess everything will turn out right, but still I worry.

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