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Old Northeast Bargains

Notes from Rob

Many of the visitors to our city fall in love with the Old Northeast neighborhood, which is right next to our downtown. The Old Northeast allows people to live in historic, single family homes, and the ability to walk to our shops and restaurants in minutes. While many of the updated homes on the water can sell for over a million dollars, there are also many cute, smaller homes that are much more affordable. I took a look at some of these homes, starting with houses have at least 2-bedrooms and 2-bathrooms.

In 2009, 6 homes sold below $290,000, and 2 of those were below $200,000. In 2010, we had 9 sales below $300,000 and 1 of those was below the $200,000 mark. And this year, in 2011,

we have had 18 sales below $300,000, with 3 of those below $200,000. So you can find the right property at the right price, but you have to move quickly. This year, the seven homes that sold below $236,000 were all purchased for cash and with the exception of the two which were short sales, all sold very quickly…three of them were under contract in less than a week.

If you came to me today, looking for one of these bargains, I would tell you that there is only 1 home (a 3-bedroom, 2 1/2 bath house) on the market for less than $350,000 (I did not could two very small 2-bedroom, 1-bath homes). View these currently available homes in the Old Northeast. If you have any questions, feel free to call the Simms Team at 727-898-5892 or email The Simms Team at ALVA International, Inc.

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