A home that is priced right for the current market will sell. Depending on the positives and negatives of each individual home it may sell for more or less than others in the neighborhood - but it will sell if it is priced right!
As stated below - being close to a railroad can be either a positive or negative, depending on exactly how close it is. Also, while having a basement would normally be more desireable, there are plenty of homes on Long Island that do not have basements.
As for style of home - buyers have different requirements - some prefer colonials, some prefer ranches, some prefer split levels - and some prefer capes!
Ultimately - it comes down to whether you are purchasing this home to live in and enjoy or for investment purposes. If you are planning to hold the home for 2 years and then re-sell it in this current real estate market, you might do better to purchase a home in a more preferable location for resale. If, on the other hand you are planning to live in the home and enjoy it, and this home is within your budget, then you might consider it's purchase, knowing that you will most likely purchase it for less than a similar home that is a bit further from the railroad and has a basement and when the time is right you will sell it for less as well .
If you would like to discuss this further or have any other questions, please contact me by phone at (516)410-3594 or email at Arlynn@ArlynnPalmer.com.
Arlynn B. Palmer, ESQ, SRES, CBR, CMS, CNS
Associate Broker, REALTOR
Coldwell Banker Claire Sobel
(516)621-6300 x 205