House with 2 separate wings in Manhasset – non-eichler though
It’s Day 2 of our “Bay Area versus New York: Which suburbs are more expensive?” smackdown. To be fair, we’ll only look at reasonable houses: $1-$1.5 million.
Yesterday we looked at a fine $1.295M 4br/2ba house on a 6930 sqft lot in Palo Alto. It was sure a winner. Today, let’s look at house from the famed East Egg (Great Gatsby) of New York.
98 Cardinal Rd, Manhasset, NY 11030 | MLS# 2194071
$1,299,000
98 Cardinal Rd Manhasset, NY 11030
Beds: 7
Baths: 4
Sq. Ft.: -
Lot Size: 0.38 Acres
Property Type: Residential, Detached
Style: Colonial
Year Built: 1957
Community: Flower Hill
County: Nassau
MLS#: 2194071
Source: MLSLI
Status: Price Change This listing experienced a price change within the past 7 days. Scroll down this page to the Property History to see the last list price for the home.
On Redfin: 169 days
Not Your Normal Fh Colonial! Grand Expnded Mint Colonial W’2 Sep. Wings On 2nd Flr, Huge Fam Rm On 1st Opens To Outdoor Slate/Brk Patio & Heated Gunite Pool W Outdoor Sound Sys. On Lush Approx 1/2 Acre. Spacious Sunlit Liv Rm W Vaulted Ceil, Unique Frplc. Huge Eik Wolfe Range, Dacor Dble Oven, Sub-Zero Ref, Miele Dw. 3 Zn Heat Inc Split Unit-Heat Pump Much Much More!
Just as an FYI, .38 acres is 16,552 square feet.
Well… at face value this house might seem like it is better than the one in Palo Alto. But, let’s look at all the glaring flaws:
- It’s not livable. How can any one live in a non-eichler house? I mean, if you can’t walk outside in 5 steps, or have good insulation in your house, what’s the point?
- It’s in a terrible neighborhood. How do I know? Just look how far it is from University avenue in Palo Alto!
- Did you notice that it has 3 zone heating? That’s because you’re going to need heating. In Palo Alto, you can simply bask in the warming glow of all the enormous stock fortunes around you.
Score 1 for Bay Area!
December 15th, 2009 at 5:47 am
Yes, but the problem is this sold for 1.45 million in 2005 according to Yahoo! If this were PA, the folks would have already been selling for 2+ million. hahaha
December 15th, 2009 at 8:20 am
Other than being a bit wider, it looks exactly like the house I grew up in. I’d rather rent.
December 15th, 2009 at 8:49 am
RBA got whipped on this one.
December 15th, 2009 at 9:00 am
Pros:
Country clubs galore.
Cons:
County Taxes: $23,352.
Village Taxes: $1,519.
Next to 101.
December 15th, 2009 at 9:16 am
Another big pro of the Eichler is that when it is time to remodel–and we all want to remodel every five years, the Eichler will burn down much more quickly than the East Egg place.
December 15th, 2009 at 10:30 am
And in addition let’s see how a similar sized home stacks up in another city. Here’s an 8 bedroom historic home in an historic neighborhood in Nashville. $519,000. The difference between this and today’s NY gem is that the one in NY looks like any ole’ boring suburban home while the Nashville one has actual historic appeal.
http://nashville.craigslist.org/reo/1468005940.html
December 15th, 2009 at 11:05 am
I think it’s a different 101.
December 15th, 2009 at 11:24 am
#5 – LOL. Thanks for that.
December 15th, 2009 at 2:57 pm
#8–It’s funny because it’s true!
December 15th, 2009 at 4:21 pm
“the Nashville one has actual historic appeal.”
Historical appeal? That’s right up there with pride of ownership when it comes to desirability!
December 15th, 2009 at 5:32 pm
Its a personal preference. If given the choice between a cookie cutter Mcmansion and a 100+ year old house… the old house wins in my book.
December 15th, 2009 at 9:24 pm
> the old house wins in my book.
Now, what would you do with all 8 bedrooms since you don’t plan on having kids?
December 15th, 2009 at 9:31 pm
Heat them, of course!
December 15th, 2009 at 10:35 pm
It’s been awhile since I’ve been on here. Looks like activity has died down drastically since the days of the housing boom and crash (which you could argue is still occurring). Regardless, I’m looking to buy a house in Monterey. Anyone familiar with the area? Can anyone help me determine what’s good value for a house? I’ve been finding REO houses in Del Rey Oaks area for 356k, but the houses need lots of work. I’m looking at a nice house in said area with new kitchen w/granite counter tops, new bathroom, new appliances, everything renovated inside and out for $440k. Am I over paying?
December 15th, 2009 at 11:47 pm
> Am I over paying?
What kind of granite?
December 16th, 2009 at 1:20 am
“Am I over paying?”
Of course you are.
December 16th, 2009 at 8:23 am
Are the upgrades worth $84k? Were they done properly? If you aren’t qualified to judge for yourself, were they done with permits?
December 16th, 2009 at 10:41 am
Now, what would you do with all 8 bedrooms since you don’t plan on having kids?
One room would be for playing racquetball.Another would be for the bowling alley, Another would be for the indoor pool I’d put in, another would be for storing junk ( like scrap metal and used BBQ propane tanks. I’d know the walls down in 3 of them and make one giant bedroom with a huge hot tub, tiki bar, and a huge 80″ flatscreen TV. The last for my lucky guests.
As far as Monterey, to me the area is another one of those towns old people go to and retire.There’s no industry there at all. I personally can’t stand the area because its so touristy it reminds me of Disneyworld. But in all seriousness, retirement communities seldom make good investments… aka- Phoenix, Vegas, Bend OR, Orlando, and so on.
December 16th, 2009 at 10:59 am
Orlando is a retirement community?
I’ll agree that Florida sucks though.
December 16th, 2009 at 11:05 am
The whole damned state ( with maybe the exception of the backwoods rural areas and Miami) is a geriatric community. We went to Florida when I was a kid every 2-3 years. Even then it was an astonishingly old state.
December 16th, 2009 at 11:22 am
ok – Vegas is a retirement community?
December 16th, 2009 at 11:24 am
Jesus Christ you people love to nitpick. No- I reckon vegas wouldn’t be a retirement community per say. Its similar though in that its a terrible investment. That and once visit to Vegas shows you that people who choose to live there need an IQ test.
December 16th, 2009 at 12:17 pm
ok, who’s next? I’m dying to know about Bend, OR. Really? Bend, OREGON? WTF?
December 16th, 2009 at 1:38 pm
where?
In any case bob, we’re just trying to help you be more precise in your millions of posts.
December 16th, 2009 at 3:14 pm
Doesn’t matter if you think you’re trying to help me be more precise because I tend to generally be correct and lecture you, my students to see the errors of your ways. You should be graciously thanking me for my free advice, not scolding me for what you think are mistakes. But I forgive you all the same.
Anyway… moving on… Yes- Bend OR. I have met a crapload of Californians- even one person I worked with- who are either planning to or already moving to Bend. I’m not sure why. Their accounts inform me that virtually every 3rd or 4th person up there “seems” to be from California and they get dirty looks from the locals. Sure sounds like retiree utopia if you ask me.
December 16th, 2009 at 3:33 pm
bob, thank you so much for your free advice. Please don’t switch to paying advice, though.
December 16th, 2009 at 3:52 pm
Maybe I should call you Father bob from here on out. Your “advice” is as valuable as its cost.
December 16th, 2009 at 7:26 pm
“Doesn’t matter if you think you’re trying to help me be more precise because I tend to generally be correct and lecture you, my students to see the errors of your ways. You should be graciously thanking me for my free advice, not scolding me for what you think are mistakes. But I forgive you all the same.”
Lol – What? What are the errors you’re referring to? You tend to lecture (often) in that your posts and conversations are one -directional but you sure don’t “tend to generally be correct.” I’d venture to say you’re wrong more often then you’re right.
In any case, thank you for your forgiveness, farmer bob…
December 17th, 2009 at 8:43 am
Me? Wrong? ha! I for this one time will concede that my previous statement was not entirely correct as you so generously pointed out. The mention that I was generally correct should have been stated as being always correct.
In any regard, if I’m wrong on most matters then by doing so has caused me to be rather successful. Then again, it seems only appropriate that my musings only appear wrong to those who are too blind in their ways to understand the truth!
December 17th, 2009 at 8:54 am
I’m starting to think bob and Real Estater are the same person
December 17th, 2009 at 9:06 am
Actually everything written here is done so by robots, cleverly coordinated to drive as much traffic as possible. Ingenious!
December 17th, 2009 at 9:17 am
Herve Estater, I was thinking the same thing about bob & RE – at least in terms of how they both enjoy insisting they are right all the time. They just argue polar opposite points.
Have you ever noticed that certain people like to assure others how they are right but often aren’t? Kind of like when someone prefaces a statement with “honestly” they are probably lying.
December 17th, 2009 at 9:38 am
Then what makes any of you any different? Let’s face it. In “real” life I imagine we’re all nice, pleasant, and polite people. At least I would like to imagine that’s true.But when people come on here, the gloves come off in this constant revolving argument.
A: Silly overpriced house is shown
B: It draws scoffs and pokes from the readers
C: The dialogue over the negative impact of expensive real estate on various social, economic, and political concerns is voiced by those who are dissatisfied with the status quo and more than likely have a great incentive to see the prices go lower.
D: The dialogue over the positive financial possibilities of rising home prices in regards to it as an investment by those who have an equally compelling reason to see values rise.
E: The bulk of the intervening dialogue where personal satisfaction is gained by arguing over everything from grammatical mistakes, disagreements over social, moral,and fiscal opinions, and so on.
F: Put up a new post. Repeat.
There’s nothing complicated about it. I say what I think and others say what they think and that generally leads to constructive, or in most cases, pointless arguments meant only to somehow prove how right we think we are. I don’t agree with some of the things I read here. I know people don’t agree with me either. Big deal. If it makes some feel better about themselves to mock others, let em’. I really and truly don’t care either way. If anything its cheap entertainment.
December 17th, 2009 at 10:13 am
Yes’, F’ather b’ob.