What $2.7 Million Gets You in Kingston
Following up on yesterday’s post about a beautiful but slightly rundown turn of the century house in Kingston, NY, we thought we’d take a look at what’s on the market in the former state capital. The most eye-popping property on the market right now, as far as we can tell, is the Cordts Mansion, a…
Following up on yesterday’s post about a beautiful but slightly rundown turn of the century house in Kingston, NY, we thought we’d take a look at what’s on the market in the former state capital. The most eye-popping property on the market right now, as far as we can tell, is the Cordts Mansion, a 30-room, Second Empire house on 13 acres overlooking the Hudson River. You’ve gotta click thru and check out the photos in the listing. It’s insane! And the price? $2,700,000, slightly less than what the Carroll Gardens Atrocity is listed for. Drool.
John H. Cordts Mansion Listing [OldHouses.com]
local – you certainly couldn’t. Hand mixed mortar, hand- baked bricks from hand-dug clay, every piece of wood planed from a tree chopped down by hand, every material brought their by a team horses. Etc.
That PPS house has been on the market since I bought mine in early 2007. i remember showing it to colleages. its nice but there must be some reason it hasn’t sold, other than overpriced for PPS.
Its kind of interesting though when you think about these three locations. The Kingston house is probably the most attractive to the largest number of potential buyers even though its 8X more expensive than the one on the Susquehanna River!!!
At full asking price its $245 psf. re: Replacement costs, you couldn’t build this house today for the 2.7M (plus the land cost)
That Queen Anne on the Susquehanna is nice but your closest neighbors with any education will be from The Office in Scranton about 50 miles away!!!!
Compare these two:
http://www.oldhouses.com/cf/displaylisting.cfm?q_listingid=4377
http://www.marykayg.com/html/0499.html
Are they really so different?
goldie….I know you understand this but let me restate the obvious. The vast majority of housing in the US still has sizable gains from where/when it was purchased. Yes, the gains are deteriorating but they are still sizable. And many of those residences are mortgage free.
The current problem is outsized because all of the recent purchases, a small fraction of total housing stocj, were done at inflated prices AND many HELOCS were taken out for whatever reason.
Yowza, since it’s an old house, it probably does need some work, but where do you get or see that it needs “a ton of work?”
I deserve to live in this house. Please send money.
beautiful