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Deed Analysis, February 2

Publication: The East Hampton Press & The Southampton Press
By Phelan Wolf, Esq.   Jan 29, 2012 6:51 AM
Jan 30, 2012 12:19 PM

95 Layton Avenue
Village of Southampton $900,000

This home is located very close to Southampton Hospital, and within walking distance of the Southampton Village center. It was built around 1900 and is the kind of home that is commonly found near the center of towns all across the United States: an attractive, two-story traditional with wrap-around porch facing the street.

The house is not large, only 1,600 square feet, on a .3-acre lot. Inside there are 3 bedrooms, 1½ baths and some nice period details, including a fireplace with tile surround.

For many reasons, Americans just don’t build many homes like this anymore. As tastes, family structures and technologies have changed, home designs have changed as well. But there are plenty of people who still want the old white picket fence standby, which speaks to our nostalgia for a simpler time when walking into town for an evening’s entertainment, and knowing one’s neighbors, was the norm.

Immediately following the crash, at the very bottom of the market in 2008 and 2009, farmhouses made up a large percentage of the few homes that did sell. We might liken this kind of property to a defensive stock. There’s always going to be a market for it, even when the market goes bad.

12 Bay Avenue
Shelter Island Heights
$950,000

Casual visitors to Shelter Island who stay mostly along Route 114 between the ferries may not know that although the island is small, it contains a number of distinct communities. Among the most beautiful and historic of these is Shelter Island Heights, which is located on the high ground near the north ferry, and the Chequit Inn.

The Heights is an early planned community—designed in the late 1870s to incorporate about 100 residential lots surrounding a church, open spaces, a hotel and parkland—all on about 300 acres, reaching as much as 150 feet above sea level. Many of the homes in the Heights reflect this rich history and are highly ornate, with steeply pitched roofs, often in the Queen Anne style.

This home was built in the 1950s and is an attractive ranch-style house in good condition with a gabled roof. It has 3 bedrooms, 1½ baths and is a little under 2,000 square feet. But it is set on more than an acre, high on a hill, with a long, narrow lawn overlooking the bay.

Whether the new owners will work with the house, add a pool, or start over, it is a great building site. It was priced well and sold almost instantly for the full asking price.

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