1. I can't blame you, I grew up in New York, most of my friends and family are still there, but I can live a better lifestyle here in CT, where my dollar buys me more house, in a nicer community, with a much lower tax liablility. Most of my business is helping New York people move to western, CT, where they can easily commute to New York. The exit 2 park and Ride is 1/2 mile from my home, and I take the train into NYC from Brewtser or Southeast station. I own a single family home, and a condo in west Danbury, and will probably live here untill I move back to the west for retirement!
2. The purchase I have been working on at Rivington was listed at $429,900 when I made my offer for my clients, and we got it accepted at $300,000, but it is NO simple matter! This link is the listing for the Rivington unit that I have been representing a buyer for: http://cmls.rexplorer.net/REX$PUB/49/LYON1/pub/pub_0272249442.htm
Timber Oaks: I looked at this for the same, and other clients this fall...have you been there? They are essentially taking deposits for homes yet to be built, some of which could be finished by next August, or are slated for early 2010 delivery!!!
Common charges at Rivington differ per unit model, as most complexes. Don's number $287 is accurate, for the Allerton model.
I concur with Don that the future of Rivington is VERY uncertain, hard to say if/when any of the few remaining units will go to auction. Their Chapter 11 bankruptcy protection anables them protection form their cridtors to continue to do business, (to the degree that their cash flow allows them). The amazing thing in this market is how inefficient banks, corporations, relo companies, etc are at liquidating their assetss...which are really liabilities. Navigating the waters of succesfully closing a transaction with them, that is an attractive propostion to the buyer is no simple matter...But it is the smart, patient, buyer, who is savvy enough to work with the right buyer agent who undeerstands these muddy waters...that makes the good deal in this insane market.
If I can help you, give me a call at 203--994-2359.
Bruce Lyon, GRI, ABR
William Raveis Real Estate