Laurie Mindnich North fork Long Island Real Estate

My brother called yesterday, and is moving back east, from Alabama to New Jersey. Because he’s aware that we list bank owned properties, he had a simple question: HOW DO I FIND THE FORECLOSURES in New Jersey without paying a fee to a website?

While I’m not familiar with the MLS in New Jersey, the Multiple Listing System of Long Island (MLSLI) is the source for listed bank owned properties on Long Island- asset companies and banks require that all listings be entered into the local MLS by the Realtor assigned the asset.

Unfortunately, there is not a tab that offers a consumer direct access, and searching all MLS properties in order to locate bank owned is frustrating. On our own website, we have foreclosures/reos for the east end (North fork/Hamptons) on a separate feed- one click provides almost all reos on the east end.

Both banks, and asset companies offer properties available for sale on their websites.

If, like my brother, you’re looking elsewhere, and are unable to locate a real estate website with an reo property feed, here are a few go-to sites:

www.homepath.com will show Fannie Mae properties for sale, and often show “coming soon.”

www.homesteps.com will show Freddie Mac properties for sale

www.pasreo.com will show Wells Fargo properties for sale

https://servicing.chase.com/reo/property/FeaturedProperties will show Chase properties for sale

https://citimortgage.res.net/ will show Citibank properties for sale

http://realestatecenter.bankofamerica.com/pages/map-search this site allows you to locate current Bank of America offerings.

While this is a partial list (many banks are offering homes for sale), at the bottom a more comprehensive list can be accessed. For local banks in your area, try googling the bank name, then reo- they may or may not have a property feed.

A few of the larger asset companies providing listed homes for sale are:

www.lps-am.com will show LPS properties for sale (asset company)

http://www.greenrivercap.com/property/Property-Listings.aspx will show Green River Capital properties for sale (asset company)

http://www.reoexperts.net/ will show NRT properties for sale (asset company)

For a great overall source list, we found the following link: http://www.mortgagenewsdaily.com/wiki/REO_Database_List.asp

As long as I’m sending this info to my brother, it made sense to share it with others who find themselves interested in foreclosure/reo homes for sale, but aren’t sure about committing to a monthly fee required by websites…

While we can’t guarantee the accuracy of all property feeds, we’ve found with our own bank property listings that the feeds offered by most banks and asset companies keep their lists up to date. If you have any questions regarding North fork real estate, don’t hesitate to contact us!

Now, if I can just convince my brother that The North Fork or East End of Long Island, New York would work for him as easily as Northern New Jersey would….

The following properties have sold in November on the North fork of Long Island (sold=closed real estate transactions for all villages). This report is for single family properties from Riverhead to Orient Point. Asking price/Closed price:

Aquebogue, NY:
365 Stonecrop Rd: $599k/$569k

Cutchogue, NY
Total sold: 6
1975 Skunk Ln: $369k/$335k
3610 Bridge Ln: $389k/$372.5k
1455 New Suffolk Rd: $400k/$355k
6145 Bridge Ln: $529k/$515k
1547 Stillwater Ave: $759k/$700k
1050 W. Cove Rd: $2.2M/$1.95M

East Marion, NY
2940 The Long Wy: $350k/$352.8k
1910 The Long Wy: $425k/$365k
240 The Crescent: $449k/$425k
15345 Main Rd: $1.335M/$1.3M

Greenport, NY
620 Maple St: $195k/$190k
300 Bailey Ave: $369k/$350k
1410 Maple Ln: $450k/$390k

Jamesport, NY
36 St. Marys Dr: $435k/$415k
966 Peconic Bay Blvd: $449k/$400k
270 Herricks Ln: $499k/$485k

Laurel, NY
1810 N. Oakwood Dr: $435k/$400k

Mattituck, Ny
2490 Pike St: $179k/$145k
1175 Central Dr.: $319k/$315k
3225 Grand Ave: $359k/$300k
3500 Cox Neck Rd: $409k/$385k
1145 Grand Ave: $454.9k/$447.5k
New Suffolk, NY
735 Jackson St: $1.395M/$1.312M
755 Kimogenor: $1.6M/$1.5M

Orient, NY
29215 Main Rd: $799k/$730k
21055 Main Rd: $799k/$754k

Riverhead, NY
772 Raynor Ave: $145k/$77k
1075 Northville Tpke: $179k/$168k
140 Woodhull Ave: $239k/$217k
140 Rabbit: $275k/$273k
906 Pond View Rd: $339k/$315k
115 Hubbard Ave: $395k/$385k
11 Kingfish Ct: $449k/$414.2k

South Jamesport, NY
126 Green St: $449k/$395k

Southold, NY
50915 Main Rd: $349k/$335k
1845 Hortons Ln: $499k/$499k
1305 Bay Haven Ln: $519k/$487k
450 Brigantine Dr: $549k/$484.6k
1135 Calves Neck Rd: $875k/$850k

Homes closed November 2011: 40
Homes closed November 2010: 42

Homes under contract have increased in November 2011 vs. November 2010.
Total homes reported under contract for 2011 are 37
Total homes reported under contract in 2010 were 35.

It would appear that while home sellers on the North fork are not reducing their homes for sale at the onset, they are accepting a larger discount from list pricing in 2011 over 2010.
Average listing discount in 2011: 7.71
Average listing discount in 2010: 4.69

Providing an “average” sales price is often skewed when a few large, or a few small properties appear, so keeping that in mind, and using as a guideline actual closings shown above, the average sales pricing from 2011 vs 2010 is as follows for all of the North fork:
2011 average sales price: $516,446.
2010 average sales price: $446,531
Interestingly, the median difference is less dramatic:
2011 median sales price: $397,500
2010 median sales price: $377,500

If you are interested in finding real estate on the North fork of Long Island, click here.
If you are interesting in finding an east end reo/foreclosure in the Hamptons and North fork, click here.
*all statistics used can be found at MLSLI. While deemed reliable, no guarantees.

We have a friend who happens to be, along with his band partner, an excellent musician, performing as the Earthtones on the North fork/East end of Long Island.

Armed with this information, we decided to visit one of the local vineyards on a Sunday afternoon, just to see what the Earthtones experience was about.

Weekends offer several "live music" signs in front of the numerous vineyards; we have a musical preference, and had been told that theEarthtones might fit the bill. For those seeking out an afternoon sipping wine and listening to live music, you won't be disappointed.
We aren't wine "tasters"- our interests might be cultivated in that direction at some point, but frankly, the notion of being very unclear as to what we were tasting (in the presence of experts) remains been a bit intimidating.

No worries- wine tasting (other than enjoying a fabulous glass offered by Raphaels) wasn't on the menu!

Listening to classics from Bob Dylan or John Prine was a perfect complement to a great glass of wine- no comments on the texture of the vino solicited!

A few suggestions for those that haven't yet enjoyed the vineyard experience:

Our friends Glenn and Rick are fantastic- we like classic rock, and their offerings were just perfect. The Earthtones offer really, really good listening. The local offerings vary; check ahead to see if the music being offered is in your area of preference.

One doesn't have to be ANY kind of wine expert to enjoy the ambiance of the local vineyards- Raphaels has an interior full of tables, with a bar in the center- no reason to feel intimidated for simply purchasing a glass of wine with which to enjoy the music!

Some of the vineyards are venues in which it's a "bring your snacks" environment. We entered the area to see a long table, with a group of people enjoying the fabulous music, the local wine, and a huge array of snacks that were brought by them. Call ahead to check their weekend schedule of events.

There was an outside area, along with several tables inside.

I don't know about you, but the vineyards this year may usurp a few days out on the boat. While we love sailing, and bringing a picnic, this experience will remain a "keeper"- full enjoyment of local flavor, absent the time consuming task of getting the boat ready (and, sans our bulldog and min-pin, who force a real sense of guilt on our part if we don't bring them along). Sorry- no dogs allowed at the vineyards!

Live music from the Earthtones, and a great glass of wine in a relaxed, fun environment were exactly what we'd hoped for.

Thanks, Glenn and Rick of the Earthtones, and Raphaels - we loved the music, the wine was wonderful, and we now have a weekend plan for guests that will most certainly include vineyard visiting.

For those interested in a fabulous afternoon, the schedule for the Earthtones can be found below.

Looks like we'll be doing some more wine tasting!

Look for the Earthtones at the following times/locations in June and July:

Sunwaters Restaurant, Dune Road, Westhampton Beach June 20th, 7-10

Route 48 Vineyards, Cutchogue June 28, 2-6

Laurel Lakes Vineyards, Laurel, July 4, 1-5

Clovis Point Vineyards, July 5, 2-5

Laurel Lakes Vineyards, July 18, 1-5

Bedells Vineyards, Cutchogue July 19, 1-5

Will post August as the summer unwinds. Great music from Glenn and Rick of the Earthtones, and a wonderful atmosphere provided by a Raphaels- thank goodness summer is here!

To view Glenn Jochums website go to www.glennjochum.com- lots of "stuff" for music aficionados.

Authored by: Laurie Mindnich
January 8th, 2009

Our bulldog, Oliver, became VERY ATTACHED to a very specific dog toy. It was an amazing toy: a rubber ball attached to a string.

IT NEVER OCCURRED TO ME THAT, WHEN IT FINALLY (after seven months) EXPIRED, locating the same toy would be a search…resulting in a REAL FIND!

After looking through several stores known for having dog toys, and realizing that a generic variety, rather than the REAL DEAL, would last no more than a few days with our somewhat…exuberant family member, it occurred to me to try a NEW place on the North Fork of Long Island. While calling itself a dog ”daycare”, surely they’d also carry some dog toys…

Not only does DOGTOWN, located at 40385 Rt. 48, Southold NY 11971, carry dog toys, they carry QUALITY dog toys. Sure enough, a container holding my sought after “Oliver toy” was right there in abundance.

Much to my delight, the owners offered me a tour of their new facility. All the while, my mind considered what was once unthinkable: FINALLY, A GREAT PLACE TO LEAVE THE DOGS!

For those of us that travel, even if it’s a visit to see relatives in Westchester NY or Connecticut, such trips never included the luxury of an overnight- to the contrary, plans always revolved around, “What time should we leave to get back to the dogs”?

While bringing Oliver and Greta would be terrific, dogs aren’t always a welcomed appendage (particularly if they’re a bit excitable in a new environment).

For those visiting the east end of Long Island, whether it’s the North Fork or the Hamptons, DOGTOWN is a place where not only will you feel comfortable leaving your best friend for a day (or ten), the convenient location makes it absolutely perfect for frequent “hellos” (if they’ll bother saying “hello” back).

As the pics demonstrate, this is a HAPPY CREW at DOGTOWN- that it’s impeccably clean is just an unexpected bonus.

That the owners are clearly DOG LOVERS is evident in their planning of this luxe dog daycare.

While rates are subject to change, I’ll include their handout (effective 1/09)- along with a phone # to call for reservations. 631-765-8844.

Based on what we’ve seen, this is a place that could end up being “the” place for both locals with beloved dogs, and visitors finally able to comfortably accommodate their four legged friends, so call early!

Authored by: Laurie Mindnich
January 3rd, 2009

The following is data obtained from the multi list of Long Island. While deemed accurate, actual figures may differ- consult with your real estate agent for specific retirement/vacation condominiums on the east end of Long Island.

CLOSED NORTH FORK, LONG ISLAND CONDOS- JAN. 01, 2008- DECEMBER 31, 2008 (closed pricing):

Aquebogue, NY:

Silver Village: 2; $337,5k; $340k

Baiting Hollow, NY:

The Bluffs: 3; $279k; $397k; $311k;

The Knolls: 3; $315k; $338k; $340k

Calverton, NY:

Calverton Hills: 6; $110k; $105k; $157,5k; $159k; $160k; $176,3k

Foxwood Village: 7; $144,5k; $155k; $148k; $155k; $180k; $245k; $285k

East Marion, NY:

Cleaves Point: 1; $800k

Greenport, NY:

Driftwood Cove (co-op): 1; $147,5k

Harbor Shores (co-op): 1; $260k

Oyster Point: 2; $695k; $690k

Unknown: 1; $320k

Jamesport, NY:

Maidstone Landing: 1; $780k

Riverhead, NY:

Glenwood Village: 1; $67,5k

Mill Pond: 8; $275k; $280k; $270k; $279k; $275k; $305k; $315k; $325k

Willow Pond: 6; $277,5k; $270k; $324k; $346k; $367k; $405k

Saddle Lakes: 2; $495k; $540k

Southold, NY:

Colonial Village: 1; $160k

Founders Village: 3; $315k; $345k; $344k

COMPARISON 2008 TO 2007:

Total reported North Fork, condos closed, 2008: 55

Total reported North Fork, condos closed, 2007: 81

Median sales price, 2008: $305k

Median sales price, 2007: $350k

Days on market median, 2008: 158

Days on market median, 2007:133.5

% of asking/sold price, 2008: -6.7

% of asking/sold price, 2007: 4.8

To view all over 55 retirement condos, and all condos for sale, click on “North fork condos”, choose your town, and click GO.

Call or email us to view any properties of interest- the east end of Long Island is a great place to retire!

Share This