Riverhead, NY

Authored by: Laurie Mindnich - for Options Realty
March 15th, 2009

It was with relief that a new search feature on the MLSLI (multi list service of Long Island) was discovered- it’s an REO (bank owned) and short sale search.

It’s now possible to sort properties with these buyer parameters, but is also helpful for sellers.

Knowing what’s out there, and being able to access it, is a function needed in a distressed market, and MLSLI has heeded the call.

Unfortunately, this search feature is not yet available for consumers on the MLS feed, but we’re happy to perform the search, and send properties of interest until it becomes integrated into the consumer search feed.

We’ll need parameters: towns, preferred home style, price range; once entered, we are able to implement the search, and deliver the results to your email.

Sellers, if you’re considering putting your home on the market, this is need-to-know information that we are happy to provide.

Searching for MLSLI listed properties that are foreclosures, REO, bank owned, and short sale offerings has never been easier on the North fork/East end/Hamptons, NY area, and the large majority of offerings are present in both areas- we’re happy to help!

Check back soon- we’ll be launching eastendreo.com, and well as eastendforeclosures.com. Both sites will include properties on the mls feed, making your search simple in less than simple times.

To search available condos or homes for sale on the North Fork / East End Long Island or condos on the North Fork of Long Island, click “north fork homes”, enter your area of interest and any parameters, and click “go”- properties for sale include Riverhead, Aquebogue, Baiting Hollow, Calverton, Jamesport, Laurel, Mattituck, Cutchogue, Peconic, Southold, Greenport, East Marion, Orient, and Orient Point, NY.

To get more specific local North Fork or East End real estate information, fill out the form below with your questions/comments. We know how to find properties coming on the market, and available. If you’re looking for a foreclosure on any part of Long Island, we’ll help you find it.

Authored by: Options Realty
March 6th, 2009

When a foot of snow is the sight present at my front door, it occurs to me that owning a property absent certain time consuming tasks might be a great idea. While I have a few more years to go before the leap to a 55 and better, retirement, or active adult community occurs, I’m looking very forward to it.

Absent the element of “retirement”, there are any number of choices for those seeking a low maintenance family condo on the North fork. Below, please find an overview of available condos. All info is obtained from MLSLI, subject to error. *CS indicates common charges. Common charges and taxes are estimates.

In Aquebogue, NY:

SILVER VILLAGE

Price range available: $379.900. CS: $236 Taxes: $6774

In Baiting Hollow, NY:

THE KNOLLS

Price range available: $299k-$479K CS: $257-$335 Taxes: $4757-$4811

THE BLUFFS

Price range available: $364,500-$468,888 CS: $326 Taxes: $5603-$5581

In Calverton, NY

CALVERTON HILLS

Price range available: $137,990-$204,900 CS: $275 Taxes: $2094.

FOXWOOD VILLAGE

Price ranges available: $169,900-$360,000 CS: $410-$468 Taxes: $3229-$6097

WINDCREST EAST

Price ranges available: $545,000-$589,900 CS: $272-$300 Taxes: $4947-$5780

In East Marion, NY

CLEAVES POINT

Price ranges available: $849,000 CS: $575 Taxes: $3069

In Greenport, NY

BREEZY SHORES

Price ranges available: $ 349,900 CS:$300 Taxes: $1261

DRIFTWOOD COVE

Price ranges available: $179k-$180k CS:$303 Taxes:$-

PHEASANT RUN

Price ranges available: $439k CS:$375 Taxes:$3214

STERLING COVE

Price ranges available: $765k CS:$484 Taxes:$2306

In Jamesport, NY

MAIDSTONE LANDING

Price ranges available: $649k-$1.275m CS:$455-$535 Taxes:$6000-$7500

In Riverhead, NY

WILLOW PONDS

Price ranges available:$269k-$479k CS:$273-$291 Taxes:$4129-$5032

MILL POND COMMONS

Price ranges available:$282k-$307 CS:$187-$210 Taxes:$2454-$2574

SADDLE LAKES

Price ranges available:$369k-$379k CS:$288 Taxes:$3760-$3834

STONELEIGH WOODS

Price ranges available:$365k-375k CS:$263 Taxes:$4250-$4550

SUNKEN PONDS

Price ranges available:$375k-$419k CS:$300. Taxes:$3731-$6282

THE HIGHLANDS

Price ranges available:$574,900 CS:$394. Taxes:$10,112

Southold, NY

COLONIAL VILLAGE

Price ranges available:$172,200-$277,650 CS:$355-$390 Taxes:$150-$170

FOUNDERS LANDING

Price ranges available:$349k-$359k CS:$240 Taxes:$2570

To view MLSLI listings on all properties mentioned, just click here, and enter “condo/co-op” and your town of interest.

To search available condos or homes for sale on the North Fork / East End Long Island or condos on the North Fork of Long Island, click “north fork homes”, enter your area of interest and any parameters, and click “go”- properties for sale include Riverhead, Aquebogue, Baiting Hollow, Calverton, Jamesport, Laurel, Mattituck, Cutchogue, Peconic, Southold, Greenport, East Marion, Orient, and Orient Point, NY.

To get more specific local North Fork or East End real estate information, fill out the form below with your questions/comments. We know how to find properties coming on the market, and available. If you’re looking for a foreclosure on any part of Long Island, we’ll help you find it also.

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Glenwood Village Manufactured Homes for 55 and Over

Glenwood Village is a 55 and over module home community located in Riverhead Long Island. The community has 500 units and was established in 1959. Also there is now the addition of Glenwood Oaks which are new modular homes for sale on the premises.

Glenwood Village offers a recreation center with a gym, billiards, library, an inground pool, bocci, shuffleboard, putting green and laundry facility. At Glenwood Village you lease the property for 49 years, pay taxes, electric, heating, and water. Total costs depending on the size of your unit can be between $600 to over $1,000 a month according to their website and rental or subletting is permitted

If you would like to buy a modular resale home, or one of the brand new models for sale, please call LARRY AND SHEILA with Charles Retunberg Realty at 631-805-4400.

All content, including text, photographs is the exclusive property of Suffolk Experts, and may not be used without the expressed written permission of Larry & Sheila. All information is believed to be accurate but is not guranteed.

Authored by: Options Realty
February 3rd, 2009

With many vacation/second homeowners contemplating the benefits of keeping a property, or selling a home on the east end/North fork of Long Island, we thought that the following article would be of interest. It clarifies changes made on tax/ownership of second homes.

While consulting your own accountant is a given, staying on top of tax changes that impact the sale or rental of second homes for homeowners is worth keeping an eye on.

A provision of the recently enacted Housing Assistance Act of 2008, the bill designed primarily to provide relief to some homeowners facing foreclosure, is going to cost some folks who have a vacation or other type of second property.

The link to the entire article can be found here.

To check out available homes for sale on the North Fork / East End Long Island or condos on the North Fork of Long Island, click “north fork homes”, enter your area of interest and any parameters, and click “go”- properties for sale include Riverhead, Aquebogue, Baiting Hollow, Calverton, Jamesport, Laurel, Mattituck, Cutchogue, Peconic, Southold, Greenport, East Marion, Orient, and Orient Point, NY.

Authored by: Options Realty
January 31st, 2009

The following figures were obtained from the MLSLI (multiple listing service of Long Island) and are recorded closings of single family homes on the North Fork of Long Island from January 1, 2009 through January 31, 2009. While deemed reliable, figures may vary.

The figures in BOLD are the closed prices. These figures do not include mobile home closings.

Aquebogue, NY

Closed: 1; $485k/$450k

Baiting Hollow, NY

Closed: 2; $549,990/$549,990; $699k/$670k

Greenport, NY

Closed: 1; $229k/$192k

Riverhead, NY

Closed: 2; $350k/$300k; $398,999k/$345k

Southold, NY

Closed: 3; $400k/$375k; $420k/$395k; $750k/$705k

Total closed in January, 2009: 9

days on market average: 144

*if a town/village is not listed, it did not report a closed property.

Total closed on the North Fork of Long Island through January 31, in 2008: 27

Clearly, there is a major slowdown occurring on the North Fork/East end of Long Island. There was a 75% drop on the number of closed properties recorded from January 2008 to January 2009.

Towns/villages included in the search: Aquebogue, Baiting Hollow, Calverton, Jamesport, S. Jamesport, Mattituck, Cutchogue, Peconic, Southold, Riverhead, E. Marion, Orient, Orient Point, Peconic, New Suffolk, and Laurel, NY.

SOME GOOD NEWS (while not an improvement over 2008, activity is still occurring):

Homes put under contract from January 1, 2009 to January 31 2009 are consistent with 2008 figures in # of transactions:

2009: 20 homes under contract on the North fork;

2008: 23 homes under contract on the North fork

Without closed pricing, we are unable to indicate the % difference in asking/sold prices; each month, we will be providing the closed figures.

To check out available homes for sale on the North Fork / East End Long Island or condos on the North Fork of Long Island, click “north fork homes”, enter your area of interest and any parameters, and click “go”- properties for sale include Riverhead, Aquebogue, Baiting Hollow, Calverton, Jamesport, Laurel, Mattituck, Cutchogue, Peconic, Southold, Greenport, East Marion, Orient, and Orient Point, NY.