A new listing appeared today on the Columbia and Northern Dutchess Multiple Listing Service and on Zillow: 345 Allen Street, the Hudson residence of T. Eric Galloway and the first property he acquired in Hudson back in 2001.
In last year's reval, the house was assessed at $1.4 million and the carriage house at $500,000, for a total of $1.9 million. On July 17, 2020, Galloway filed an Article 7 lawsuit against the City of Hudson claiming that the house was worth $695,000 and the carriage house $175,000, for a total of 870,000. The asking price for both has been set at $1,350,000.
Good! Don't let the door hit you as you leave.
ReplyDeleteThis reply was submitted by email:
DeleteOh Cynthia…. you are filled with so much antagonistic sarcasm toward T. Eric Galloway….it’s really not healthy!
Rick Scalera
I agree with you Cynthia.
DeleteThe new owner is going to need to do a LOT of smudging.
ReplyDeleteThe main house perhaps but the carriage house isn't worth anything near $500K.
ReplyDeleteThe way the listing reads it is just for the one legal parcel appending Allen St with the mansion and not the lot in back with the carriage house. If it were both, unless the real estate bubble in Hudson has substantially ebbed in the past couple of months, the asking price would be bargain.
ReplyDeleteI strongly doubt that is the case. I disagree with the comment about the carriage house's value, which appears not to be for sale. In that regard, the property records that the carriage house has 2,400 hundred square feet on a flat secluded lot that is close to an acre in size (.83 acres). I assume it is in very good condition.
If you look at the MLS listing, Steve, you will see that it specifically mentions the carriage house, and it gives both tax ID numbers.
DeleteShocking as it may seem, having sent out my spies, it turns out that Carole is right, and I am wrong. If I were into mansions, I might snap it up myself (I think it is a bargain), but that is not my thing.
ReplyDeleteDoes it have a double bank of wall ovens? There's a mention about an elevator, so perhaps something to consider after all. Those stairs, taxes, the upkeep! HVAC need to be taken seriously. Otherwise, it maybe a bargain.
ReplyDeleteThe seemingly low asking price may have something to do with the high real estate taxes. The combined assessed value of $1.9 million means the property tax cost (city, county and school) is around $50K. Then again, if it sells for less than assessed value, that should come down.
ReplyDeleteIt is a bargan considering it is a very fine house, even with a Tiffany glass dome inside and compared to other house and building prices it seems relatively cheap. However, it is assessed higher than a lot of houses in that area (Willard Place for expample) and the taxes are proportedly $75,000!! a year. Hard to believe. The taxes are so all over the place I wonder what the reval company was thinking, or the assessor.
ReplyDelete"The taxes are so all over the place I wonder what the reval company was thinking, or the assessor."
DeleteThey weren't thinking anything - they stuck numbers in a computer and pulled them out of their collective ***. That's why they disappeared and the assessor quit !