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Hamptons Distressed Properties Map

laura — Mon, 07 Nov 2011 13:27:25 +0000

Recently the Business Insider wrote an article featuring the 10 priciest distressed properties for sale in the Hamptons with the house at 33 Mill Creek Close, in Watermill topping the list. With a lis pendens filed in September 2011, this property is currently on the market for $9.45M. According to the listing description, it has an indoor pool within a sunlit atrium, a gym, two saunas and a steam room.

33 Mill Creek

In addition to their slide-show we’ve created an interactive map showing all the multimillion dollar properties in the Hamptons that had a foreclosure auction scheduled or a lis pendens filed in 2011. There were 48 such high-end homes with a mortgage amount exceeding $1M. Click on the dots for more information on each of the mapped properties. The orange dots stand for the auctioned properties while the yellow ones are for the properties in lis pendens.

Hamptons Distressed Properties

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Million Dollar Price Cuts In The Hamptons

laura — Thu, 03 Nov 2011 14:32:42 +0000

A dive into Suffolk County’s price-chopper hall of fame revealed the following 3 properties as having the largest total dollar price drops in October 2011. For their address, price history and all the other listings details click on the links below:

24 Elm Lane, East Hampton, NY 11954 (▼ $2,095,000)
The 3 compound parcels at 24 Elm Lane, 283 Old Montauk Hwy and 5 Maple St hit the market in May 2011 with an asking price of $9,995,000. The listing has recently recorded a $2,095,000 price drop and is being offered at $ 7,900,000. According to Corcoran, the listing features a 0.6 acre vacant lot for a guest cottage or tennis court and a fabulous 1.7 acre property with existing ranch plus approved plans for a new 5,800 sq ft residence with 6 bedrooms, 6.5 bathrooms, infinity pool, garages, and landscape.

24 Elm Lane, East Hampton, NY 11954

27 Flax Pond Woods Road, Old Field, NY 11733 (▼ $2,000,000)
Previously listed at $8M, this water front property features an in-ground pool, pond, tennis court and a panoramic view of Long Island Sound and Connecticut. Its price was chopped last month by $2M and it is currently listed at $6M.

27 Flax Pond Woods Road, Old Field, NY 11733

56 Ridge Road, Southampton, NY 11968 (▼ $1,975,0000)
The 8,000 sqft house at.. was listed earlier this year at $8,950,000 and, according to Corcoran, the shingled cottage is a vintage treasure that transports you back in time to the Gatsby era in Southampton. The price was reduced by $1,975,000 in October and its asking price is now $6,975,000.

56 Ridge Road, Southampton, NY 11968

Browse current Hamptons homes for sale.

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Water Mill estate enters price chop round four – now $5M cheaper

laura — Wed, 28 Sep 2011 12:46:40 +0000

The Water Mill estate of former Doubleday publishing chief John T Sargent had its price reduced again earlier this month, this time by $5M. Originally listed at $40M in 2010, the property suffered a previous $12M price chop in February 2011 and is currently on the market for $19.995 million.

186 Crescen Avenue (Source: Corcoran)

According to Corcoran, this stunning property at 186 Crescent Avenue features a pool with views over the bay, a large pool house, and a paddle tennis court.

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Hamptons house sees $12 million price cut this week

laura — Wed, 09 Feb 2011 15:40:55 +0000

The breathtaking waterfront property at 186 Crescent Avenue in Water Mill has just dropped its asking price 26% from the previous listing price. As written in the NY Post, the house hit the market in July 2010 when it was listed for $40 million. The listing price was reduced for the first time in October, down to $38 million, and reduced again 4 days ago to $28 million.

186 Crescen Avenue (Source: Corcoran)

See the full property report for 186 Crescent Avenue and browse current Hamptons homes for sale.

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Long Island, Hamptons: Potential Deals Coming Up At the Auction

calin — Thu, 16 Sep 2010 13:04:44 +0000

Our attention was drawn by a Curbed Hamptons post on a $485,000 loss (over the previous purchase price) of a Montauk beach house. The property, located at 20 Gilbert Road, was reportedly bought in 2006 for $1.2 million, repossessed by the bank in April 2009, according to our records, and then sold at an online auction for $795,000. The home was previously listed for sale for $864,000. The Wall Street Journal asked their readers provocatively if this is the ‘deal of the year’ in the Hamptons.

We took a look at whether there are other potential deals coming up at the foreclosure auction in Long Island and the Hamptons. To do this, we searched for distressed properties scheduled for auction which are also listed for sale, and having a lien amount lower than the listings asking price. We found several of them.

1. 14 North Ridge Road, Setauket

Listing Price: $3,590,000
Lien Amount: $1,498,928

This 6 bedroom home is listed for sale with an asking price of $3,590,000, down from its original asking price of $4,375,000. It avoided a foreclosure sale in June 2010, but it is now re-scheduled for auction.

14 N Ridge Road

2. 15 Deer Ridge Trail, Water Mill

Asking Price: $2,250,000
Lien Amount: $1,740,942

This 4 bedroom Water Mill home seems to be another property linked to Donald Macpherson, one of the participants in the alleged $50 million mortgage fraud scheme. It’s been on the market since March 2009 and has been scheduled for auction with a lien amount of $1.7 million.

15 Deer Ridge Trail

3. 91 Walker Street, Malverne

Asking Price: $749,990
Lien Amount: $427,977

This property was first scheduled for auction in 2008 and has since been re-scheduled six times. It’s been on the market for less than a month and it is asking $749,990.

91 Walker Street

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Hampton lis pendens (pre-foreclosures) down 27%

laura — Thu, 03 Jun 2010 15:54:50 +0000

There were 36 properties in the Hamptons that received at least one pre-foreclosure filing in May 2010. The number is down 27% from May 2009 but up 16% from May 2008.

So far this year there were 29 properties with a lis pendens in the Hamptons with a lien over one million dollars. Here are two such properties that are also listed for sale:

121 Lee Avenue, Southampton	382 Jobs Lane, Bridgehampton
Single Family Home Beds: 6 Baths: 6.5 Listing price: $4,800,000 Loan amount: $1,230,000	Single Family Home Beds: 4 Baths: 3.5 Listing price: $5,250,000 Loan amount: $2,250,000

Browse current Hamptons Homes For Sale.

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Hamptons residential listings with largest price cuts in the past week

laura — Tue, 23 Mar 2010 15:00:31 +0000

PropertyShark has identified the top 3 properties in the Hamptons with the largest total dollar price drops during the past week. You can click on the photo for more listing details or click on the address for a detailed property report.

At the top of the list is a 7,000 square foot single family home, located in the village of Southampton.

64 Down East Lane, Southampton

Single family home
Beds: 7
Baths: 7.5
First asking price: $12,000,000
Current asking price: $9,250,000
Price reduction: $2,750,000

In second place one is a classic Georgica beach house located in the village of East Hampton.

3 Georgica Road, East Hampton

Single family home
Beds: 6
Baths: 4.5
First asking price: $4,250,000
Current asking price: $2,995,000
Price reduction: $1,255,000

The third placed property one is an ocean front home located in the dunes of Amagansett.

33 Whalers Lane, Amagansett

Single family home
Beds: 6
Baths: 7.5
First asking price: $12,900,000
Current asking price: $11,900,000
Price reduction: $1,000,000

Browse current Hamptons homes for sale.

(Note: PropertyShark.com is not involved in any way with the sale of these particular properties.)

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Hamptons: Homes of accused participants in $50 million mortgage fraud scheme put up for auction

calin — Tue, 16 Feb 2010 22:15:33 +0000

98 Bridies Path and 191 Shinnecock Hills Road, both located in Southampton, are the properties scheduled for auction in March 2010 with the highest lien amount. According to our foreclosure records the defendants of the scheduled properties are Carrie Coakley and Donald Macpherson.

According to the NY Daily News, the owners of a renowned club in Soho, Carrie Coakley and Donald Macpherson, are allegedly tied to a $50,000,000 fraudulent mortgage scam. Carrie Coakley bought 98 Bridies Path in 2005 for $2,300,000 according to our records, but may have used fraudulent mortgage practices reports the National Mortgage News. Our records also show the mortgage value for Donald Macpherson’s 191 Shinnecock Hills Road to be $975,000.

982 Noyac Path Water Mill

The alleged mortgage fraud spree involved several dozen East End homes reports the Sag Harbor Express. Among these are 1106 North Sea Road, which was scheduled for auction last year though no deed has yet been filed to confirm the sale, and 982 Noyac Path.

A lis pendens was filed against 982 Noyac Path in July 2009 and the property is currently listed for sale by Brown Harris Stevens for $3,000,000.

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Distressed homes in the Hamptons listed for sale

laura — Tue, 08 Dec 2009 16:09:10 +0000

Yes, the Hamptons have not entirely escaped the foreclosure storm. Occasionally distressed owners in the Hamptons have to put their homes for sale.

Below, we have listed three properties that are currently listed for sales and have a lis pendens filed against them.

Browse current homes for sale and distressed properties in the Hamptons.

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Largest Price Drops of Last Week for Hampton’s Homes

laura — Mon, 21 Sep 2009 16:14:52 +0000

Here are the top five properties with the largest percentage price drop last week from their original listing price:

View current Hampton’s for sale listings at http://www.propertyshark.com/hamptons_homes_for_sale.

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