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no_hypocrisy

(53,695 posts)

3. Not an appraiser, but to the best of my knowledge, there are two numbers for any property:

Reply to DinahMoeHum (Original post)

Thu Dec 10, 2020, 08:45 AM

Dec 2020

1) The real value, and

2) What Buyers are willing to spend.

Here's an example:

My family bought this house and property in Southampton, NY in 1969 for $60,000. https://www.zillow.com/homedetails/93-Cold-Spring-Point-Rd-Southampton-NY-11968/32732715_zpid/
They sold it in 1982 for $250,000
It was sold again last year for just under $3 million.

Why? B/c the property is on the Great Peconic Bay. The house has been knocked down and a mega-beach house is being constructed.

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26 replies

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Highlight:

Absolutely NO ONE Wants to Buy Trump's Childhood Home [View all] DinahMoeHum Dec 2020 OP

Buy it, raze it to the ground and put up a BLM memorial.....nt mitch96 Dec 2020 #1

Please start a GoFundMe account for that purpose. sinkingfeeling Dec 2020 #7

Be my guest, I'm just the idea man....;) mitch96 Dec 2020 #20

Delcare it a Superfund site and label it with this: FSogol Dec 2020 #2

Not an appraiser, but to the best of my knowledge, there are two numbers for any property: no_hypocrisy Dec 2020 #3

POS idea for a POS house for a POS price for a POS. Makes perfect sense for this crowd. Miigwech Dec 2020 #4

Looks kind of dinky. MoonRiver Dec 2020 #5

It isn't large by today's standard mercuryblues Dec 2020 #13

It's tiny! smirkymonkey Dec 2020 #22

It's 2,500 Square foot home with a detached 2 car garage mercuryblues Dec 2020 #24

The rooms just seem very small to me. smirkymonkey Dec 2020 #25

From Mary's book I thought it was close to a mansion. Mariana Dec 2020 #16

Maybe, but she was an adult when she wrote the book. MoonRiver Dec 2020 #18

Different home. Per NYTimes, DJT only lived in this house until the age of 4. Tanuki Dec 2020 #21

This is a different house BannonsLiver Dec 2020 #26

I heard this story on my news radio station this morning BumRushDaShow Dec 2020 #6

It's a cute house. Drunken Irishman Dec 2020 #8

It's a scam genxlib Dec 2020 #9

Nice scam. dalton99a Dec 2020 #10

The house is way over priced for the area mercuryblues Dec 2020 #11

As we have seen these past four years gratuitous Dec 2020 #15

A fool and their money are soon parted. mercuryblues Dec 2020 #17

That Is a Fugly House. MineralMan Dec 2020 #12

the brick entryway plus chimney makes it look like it's giving the world the middle finger fishwax Dec 2020 #14

Use it to house asylum seekers from Central America DBoon Dec 2020 #19

What that place needs is an exorcist..... KY_EnviroGuy Dec 2020 #23