One family house at 1820 Osterlitz Ave


1557 Square Feet
Living Room
Dining Room
Eat - In  Kitchen
4 Bedrooms upstairs w/ hardwood floors
2 full baths
Full basement w/ laundry area
Central Air
New Roof
New Siding
New Windows
New furnace (1/20/14  !!!)
Off street parking
Large Storage shed
Lot size  38 x 150



City of Schenectady has it assessed for $113,600

Based on the Equalization Rate for the DEM led city of Schenectady of 123%, the full market value of this house is $92,358.
(in other words, the city claims people are willing to pay $92,358 for this house)

Based on 2012 taxes of $5,500 per year, the dem led city would have the taxes now, two years later at some place closer to $6,000 (with "fees")


Owner listed this house on May 8, 2010   (yes almost 4 years ago) with Realty USA with an asking price of $109,000.
That is below what the city's full market value was at the time.
No buyers; Listing removed December 2010


Owner lists it again with Realty USA in November 2011, this time increased asking price to $119,500
(remember, it would not sell at $109,000 a year prior)
Reduced the asking price March 2012 to $117,999
No buyers, listing removed June 2012


Owner lists it again, this time with Coldwell Banker, March 2013 with an increased asking price of $119,999
Reduced asking price June 2013 to $117,999
Reduced asking price July 2013 to $109,000
No buyers.  Owner gets rid of realtor


Owners lists as "FSBO" in August 2013 with a reduced asking price of $104,900
No buyers


On  2/27/14 owner reduces asking price to:

               |
               |
               |
               |
               |
             \|/


         It's coming


               |
               |
               |
               |
               |
               |
               |
               |
               |
               |
             \|/

                  
          Get ready



               |
               |
               |
               |
               |
               |
               |
               |
               |
               |
             \|/


               |
               |
               |
               |
               |
               |
               |
               |
               |
               |
             \|/


           Patience people

               |
               |
               |
               |
               |
               |
               |
               |
               |
               |
             \|/


      Keep scrolling    

               |
               |
               |
               |
               |
               |
               |
               |
               |
               |
             \|/


     DRUM ROLL PLEASE


               |
               |
               |
               |
               |
               |
               |
               |
               |
               |
             \|/


      Pah rum pum pum pum

      Bah rah dah dah dah dah




               |
               |
               |
               |
               |
               |
               |
               |
               |
               |
             \|/



   A WHOPPING




               |
               |
               |
               |
               |
               |
               |
               |
               |
               |
             \|/



           $38,900                       !!!!!!!



And now advertised as Needs TLC  --- A "handyman special"  



DESPERATE TO GET THE HE** OUT OF THE CITY !!!!!!!!

WOW  

Quoted from rpforpres

WOW  

That seller is most definitely losing money just on the work done alone!  (new roof, siding, windows, and furnace) !!!!!

Only in the DEM lead city.