Lakefront Changes on Keuka Lake
February 6th, 2010 categories: Community Issues, Information - Other Areas, Keuka Lake, Restaurants
As in most areas, there are usually landmarks that just seem to have been there forever. The same holds true for Keuka Lake in the Finger Lakes. There was once a little (and I mean little) store on the East side of Keuka Lake called “Froggys“. You knew you were there because it had a huge green frog outside of the store. Everyone knew what you were talking about when you said Froggys, and just as important, they knew what area of the lake you were referring to. The place was sold and the frog became history. Towards the end of its existence, the old store had become one of those places that made you question whether it was even open. You know, something you would see in the movies.
Along came a young forward thinking man that decided to tear the old place down, build a new, larger, cleaner and more updated facility, and offer a deli. Since this stretch of road covers around 20 miles from Penn Yan to Hammondsport without any other stores, I see this as a wise decision to rebuild. The name of the new facility is “The Olney Place” on Keuka, Market and Deli. The best part about it for the owner, is that it is opened seasonally allowing him to pursue other interests during the winter months when most lakefront properties sit empty.
Once Spring arrives, so do the lakefront owners. I am sure they will all be meeting at Olneys, grabbing a fresh cup of coffee or maybe even the sandwich “Special of the Day”, and then discussing everything they missed during the winter. The area will be bustling.
As someone that has brought clients there for a quick lunch and a nice cold drink between home viewings, I can tell you first hand, they do have great food there. The selection of sandwiches will make you hungry, even if you thought you were not. The store is clean and has a great selection of items for your lakeside needs.
So when you are driving around the lake this summer, or you are stopping by your lakefront home, stop into Olneys, pick up something cold to drink, grab a sandwich and then tell Seth that Mary sent you.
Finger Lakes Information brought to you by Mary St George
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January News You Can Use
January 7th, 2010 categories: Real Estate News
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Make Your Case for a Property Tax Reduction
To successfully challenge a real estate assessment and lower your property tax bill, you need to do a bit of sleuthing first. Read
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A Financial Plan for Your Home
A house is probably the biggest investment you’ll ever make. Create a financial plan that takes into account repairs, upgrades, mortgages, insurance, and taxes. Read
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Create a Home Emergency Preparedness Kit
Having a plan for an emergency and creating a preparedness kit that’s tailored to your needs could be the key to your family’s safety if disaster strikes. Read
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Homeowners Insurance: Time for an Annual Check-Up
An annual check-up on your homeowners insurance can result in a healthier policy and a healthier pocketbook. Read
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Your CLUE Insurance Report Matters
Your homeowners claims don’t disappear after your insurer cuts a check because CLUE reports keep them alive for seven years—and that could cost you. Read
Visit houselogic.com for more articles like this.
© Copyright 2010 NATIONAL ASSOCIATION OF REALTORS®
Brought to you by Mary St. George, Lakefront Property Specialist
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What Does Your Lakefront Home Look Like?
December 28th, 2009 categories: Real Estate News
What a question,
but ask 50 people and you will receive 50 very different descriptive versions.And of course the options are endless. There are bungalows, cape cods, Victorians, traditional, fishing shacks, yurts and mixtures of all above that are available. Just like the various styles available, the price ranges are all over the map.
Sometimes I have to chuckle to myself when I first work with a buyer. Many start out just looking to see what is available and in what price ranges, with some not even sure what their price range is. Others are very specific about price and have an image in their heads, but are not quite able to describe that image. Better yet, some are not even sure about which lake they would like to be on. Of course, as buyers that is their choice.
On the Finger Lakes you can find just about anything you are looking for. The problems arise when the price and the style are not agreeable, property is too flat, too steep, not enough land, too much land, water is too shallow or too deep. These are just options on the outside. Move inside and buyers have to decide on knotty pine, drywall, stone or marble, the cottage feel with painted floors or imported hardwoods. Maybe there are just too many options. Still there will be clients and for one reason or another, the lakefront home they imagine, is just not out there for them, or at least not one for sale.
So if you are looking for a lakefront property under $200,000 and willing to live with the options being a fixer upper or fishing camp, there is a place for you. If the 6000 sq ft estate is more your style and you won’t sneeze at the 2.5 million asking price, there are options for you also.
What ever you envision your lakefront home to be, there most assuredly is one out there for you. Call me, I will find it for you.
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Lakefront Property Declining? No Way !
November 18th, 2009 categories: Information - Other Areas, Real Estate News
Lakefront property has somehow been shielded from the effects of the economy. The major reason of course, is that there will only be so much lakefront. Another reason is that vacation properties are used as investments. What other investment can you enjoy and use while building equity? If the stock market takes a nightly nosedive, your lake house will still be standing and will still maintain it’s value.
As you can see from this chart sales on these six lakes did the best overall in 2007. Cayuga Lake showed the only increase in sales through the third quarter. Sales spiked in 2007 on the lakes just like they did across the board in all types of sales which would include residential. Because we are dealing with investment property, lakefront is still a viable option as shown. The following chart will show the sales dollars comparisons through quarter three.
Even though the number of sales went down on Canandaigua and Seneca Lakes, the dollar values increased. The two lakes would be considered in the sellers market. Now looking at Cayuga Lake; sales have increased but dollar values have decreased, making this a buyers market.
Buyers in the $300,000 and less market are purchasing properties on Cayuga, Conesus and Honeoye Lakes. The upper dollar sales are being purchased on Keuka and Canandaigua with Seneca Lake showing sales across the board.
If you are seriously considering purchasing properties on the Finger Lakes between Conesus and Cayuga Lakes, call me and we can discuss the best strategy for you.
Information update brought to you by Finger Lakes Lakefront Specialist Mary St. George
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Is Your Home “For Sale” Ready?
June 8th, 2009 categories: Information - Other Areas, Real Estate News
Getting Your Home Ready To Sell
You are going to be moving, be it two months or six, you will still have to prepare. Get a jump-start on the whole process. This is also going to assist you in the selling of your home. Remember all of those closets, cupboards and drawers you have meant to go through and organize? Well, right now is the time to do it. This will give prospective buyers a clean slate to look at (remember that buyers will be opening cupboards and closets) and you will be a couple of steps ahead on your future move
Start with your closets.
1. Pack up a container of items you can donate. You know, those items that you have thought about using, but have not in over a year - get rid of them. Donate those items to a local charity and use it as a deduction on your taxes in the following year. Keep good records - see form 8283 for non-cash charitible donations or visit the IRS website for more information. http://www.irs.gov
2. Pack all of your out of season items and mark accordingly. When you arrive at your new residence, you will be able to identify, allowing you to unpack and put away in its new location.
Now the only things left in your closets will be items you currently wear and use. And look how neat and clean everything looks! Do the same thing with drawers and cupboards. Dishes and utensils used for special events and holidays can all be packed away and marked. Any item you feel you don’t need, again - donate it. You can also receive credit for household items you donate.
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