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Re: $3,000. - elle
Hold on to your hat! Let's take my block..I can't use what I pay, because it isn't typical. My house is the only one that has not been remodeled and is pretty much as it was built. All of the other house started identical to mine but some have add-ons or have raised the roof. The average tax rate is $8000-$10,000 a year and up. I'd estimate that I'd need to put in about $100,000 or so without major construction to bring out it's best, starting with a new kitchen and cosmetic improvements like sheetrocking paneled walls and new floors and windows. As it is, it doesn't look too bad overall but it's worn and dated. Not worth doing at my age. The average price they are going for is $350,000 to $500,000.
As I've mentioned numerous times, when I go I'd hope that the kids will evaluate between themselves who of my grandkids will need housing before they rush to sell it because it would be a great starter home for a young person. I have a big fenced in yard with two sheds, one electrified, and a sprinkler system. I am within walking distance, albeit a hike of the LIRR and two shopping centers. There are two good schools within a couple of blocks. The neighborhood has remained as good as most low to middle income gets, most are blue collar workers.