Yes, Sag Harbor has a significant historic district, and houses from the 17th and 18th Century dot the one-square mile of the village. But the oldest of them all dates back to circa 1693, and it recently changed hands.
The Union Street residence was most likely built in Sagaponack and was moved several times over the years.
The living room and dining room are the core of the original structure, featuring original exposed beams, wide wood plank floors, and two working fireplaces that add to the charming ambiance. The spacious upstairs master suite features a dormer. The kitchen was updated with new cabinets, countertops, and appliances including a washer/dryer. There are two bedrooms and two full baths in the main house, plus a carriage house with full bath, radiant heat in the floors, central air conditioning, and plenty of space for entertaining or use as an artist’s studio or office.
There’s also a new shingled garden shed, mature plantings, and room for a pool.
The 1100-square-foot home at 64 Union Street had been offered initially for $1.65 million and it closed for $1.475 million on July 26. Barbara Lobosco, Robert Evjen, and Judith Auchincloss of Douglas Elliman handled the deal.
Sales Down, But Rentals Booming
No, they aren’t!
It’s been an awful year for Hamptons’ rentals and local brokers say the likely culprit is Airbnb and other sites that match up would-be renters with property owners, and eliminate the commission fees associated with brokers.
More often, though, the Airbnb rentals are convenient because the dates can be streamlined. In other words, brokers and renters alike aren’t pigeonholed into July, August, or the season. Instead, they can rent for any period they want. Of course, East Hampton and Southampton have rental registries on the book, but local real estate agents say, all too often, landlords do not adhere to rules or don’t even sign on to the registry. East Hampton permits only two stays of less then 14 days in the season. Southampton allows two two-week rentals per season. Industry insiders complain the towns have no mechanism to keep track of rentals.
Now All We Need Are Closings
SmartAsset, a financial technology company, released its fifth annual study of closing costs and found Long Island’s are the cheapest in the state.
The study measures closing costs as a percentage of median home value and at the county level found Nassau, at 2.3 percent and Suffolk County, at 2.5 at the low end. New York City, at 2.9 percent, was among the highest.