New Paltz Center Hall Colonial, $499,999

  |  January 11, 2012
New Paltz Center Hall Colonial, $499,999

Hm, what have we here? I’m not a big fan of the center hall myself — I cotton to open floor plans myself — but this New Paltz center hall colonial has enough to offer that I’d be willing to overlook it. What nice views, gardens, pool. Built in 1840, it’s on 7.5 acres and has over 3,500 square feet. Been on the market for over a year and has already had a $100,000 price reduction. I admit the description has me interested: “A Majestic tree lined driveway leads to this stately, historically significant Schreiber Family Homestead. Original woodwork is intact, wideboard floors, original doors, a beautiful wrap screened dining porch w/ MT. views for entertaining!”

Here’s the puzzling part: Property Shark says it was last sold in November 2010 (which contradicts the amount of time it’s been listed) for $850,000, a price that seems more reasonable considering what this house purports to have. The buyer was Alpenaster Corp, a company based on West Broadway in Manhattan. So, there’s a bit of a mystery, and a steep price cut. It’s also only about a mile from the Thruway, but I doubt you can hear it.

Here is the big bummer: taxes. $17,500. There goes my dream. Stats on the jump.

81 Schreibers Lane, New Paltz (Wendie Reid) GMAP
Asking Price: $499,999
Beds: 5
Baths: 3
Year Built: 1840
Land: 7.5 acres
Taxes: $17,500
Features:  Views, gardens, pool

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