Taxes vary on properties. They consist of property taxes as well as school sometimes village depending on where the property is located. The taxes also may reflect exemptions that pertain to the current proprty owner. Due to the many variables its is best to have them verified before purchase... more
Before you ever pay for a home inspection, it would be helpful for you to work with a licensed Realtor as your own "buyer's agent." Then you will have buyer representation during the whole transaction. There is no cost for you to do this. In that capacity, an agent like myself can work on your behalf and speak very honestly about the quality of construction. However, as a Realtor, I would only be able to give my personal opinion in this situation. Then once you decided to purchase, a home inspector would give you the additional details you need and the hard facts about the construction. Please call me if you'd like to discuss it further.... more
The Tax Foundation puts out stats every year regarding property taxes and TOTAL taxes for all the states. New York is usually near the top in property taxes, but CT is frequently leading the pack with total taxes. If you live in CT and work in NY you could also end up with a non resident income tax which would make it even more expensive to live in CT. Also keep in mind if you live in CT and work in NY you will spend a LOT more in commuting over the course of a year. Forget taking a train to anywhere in NY, including NYC, if you live anywhere north of Danbury. The CT people drive over to Brewster to get the train.
Licensed Associate Broker - NY & CT
Prudential Douglas Elliman - NY's #1 Broker... more
Probably the best answer will come from a Realtor on the Local Board of Realtors who can actually track the history of the house. An educated guess might be that this was a seller's concession and although it "sold" for $725k, it may have been sold at $600k, but mortgaged for $725k.
Again, a local Realtor with better access to the information would be your best bet, or go to the town hall and ask.... more