What does $260,000 buy these days in Ossining, New York?
I'm glad you asked.
Interesting story: I was referred to a very nice couple who had a cute little cape in the Campwoods neighborhood that had just expired off the market after being listed by a major franchise in our area. They were assured by our mutual friend that I could sell their home, which was priced at $250,000 when their term was up with their former brokerage. Campwoods, for those not fortunate enough to live in our area, is a fantastic, mostly pre-war neighborhood with oodles of local community goodies within a few blocks: grocery shopping, the awesome Wobble Cafe, Campwoods Grounds, and other neat stuff.
It was on the market 9 months twice, didn't sell, and they wanted to move back to Queens. It was a charming 3 bedroom cape, shiny hardwood floors, a wraparound porch and cool, window seats, built ins, and other classic appointments. They had a first floor laundry, a formal dining room, and lots of light. As appealing as the property was, after almost 2 years of unsuccessful efforts to sell, conventional wisdom would be to lower the price.
In reviewing the local activity, I recommended that they raise the price by $15,000 to $265,000. Within 2 weeks we had a buyer, and by the end of the month the home was under contract for $260,000. It closed the week before last 74 short days after I took the listing.
That's what $260,000 buys, and if you want a place here too, we've still got others.
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