Monday, June 25, 2012

A Storied Past


Don’t you ever wonder what’s behind the curtains? What secrets are kept hidden by the rows of tall privets? Every house has a story. Some are better than others. This one is pretty good.

The brick manse in that trophy spot set in the middle of New Suffolk, has a tale to tell. Known as The Lyndon Tuthill-Floyd Houston House, it was built in 1936, for Lyndon Tuthill. It is said that the project was initiated to lift people’s spirits and provide much-needed jobs for the Depression-ravaged tradesmen in the area.

After Lyndon’s early passing, it was occupied by his sister, Ruth, and her husband Floyd D. Houston until the 1980s.

Floyd Houston worked extensively in the NYC maritime and was the director of Civil Defense in Eastern Long Island during WWII. He eventually moved to New Suffolk, where, from 1945-1979, he owned and operated the Goldsmith-Tuthill Shipyard (founded in 1842). New Suffolk was quite a hopping spot in those days: dancehalls, hotels, loose women – it was also the location of the first Submarine Base in the country: The Holland Torpedo Boat Station, where the nation’s  first submarine, the USS Holland, had its earliest trials. This was the perfect spot for Floyd, an avid amateur historian, specializing in early submersibles. He was a gifted craftsman, building models for the Navy and Naval Museums across the country, including the USS Holland. Floyd passed on in 1984, at the age of 86, and rests at sea, in his beloved Atlantic. According to his grandson, “He was a scholar, craftsman, and an irascible old salt.” And he and Ruthie lived in high style, in that red brick mansion.

Situated on 2.7 pristine acres in the heart of the tranquil bayside hamlet of New Suffolk, The Lyndon Tuthill-Floyd Houston House is red brick with white trim, green shutters and a slate roof. It is a 2-and-a-half story, 3-bay, center entrance, gable-roofed, Federal style house, with end chimneys and attached 1-story brick garage in rear. There are quadrant windows in the gables. The main section of the house is flanked on both sides by 1-story, flat-decked wings with Chippendale railings. There are 3 bedrooms and 2.5 baths. Both the sunroom and the large, sunny, updated kitchen open onto a bluestone patio, surrounded by specimen trees. You can cozy-up by the fireplaces in both living room and library. The basement, with its splendid staircase and 12” thick walls is unique in residential construction. The pristine, detailed woodwork and handsome arched doorways throughout the home are graceful remnants of another time.

The residence was built entirely with bricks from the now-abandoned brick factory on Robins Island. There is an oyster shell base under the driveway’s blacktop. Every closet in the house is cedar. There is a servant’s bell on the dining room floor, conveniently positioned at the head of the table.

The Tuthill-Houston House is newly priced at $1,395,000.

Give me a call. I'll be happy to schedule a private viewing of this beautiful home - perhaps you'll write your new history here.




Monday, June 18, 2012

Another Positive Report for Real Estate

The good folks at KCMblog have some positive news to start the week off!


We often report on shadow inventory and its impact on home prices. We are pleased to announce that CoreLogic just reported that the amount of shadow inventory has fallen to levels not seen since 2008.
Mark Fleming, their chief economist, explains:
“Since peaking at 2.1 million units in January 2010, the shadow inventory has fallen by 28 percent. The decline in the shadow inventory is a positive development because it removes some of the downward pressure on house prices. This is one of the reasons why some markets that were formerly identified as deeply distressed, like Arizona, California and Nevada, are now experiencing price increases.”
SOURCE: KCMblog.com

Tuesday, June 5, 2012

Everybody Calm Down! The Sky Is NOT Falling

The Crew at KCM know that cooler heads prevail, so here is the view from their perch.




After weeks of continuous good news about the housing market, the naysayers jumped all over this month’s Pending Sales Report from the National Association of Realtors (NAR). Pending sales were down from the previous month. This must be proof that all that other positive news on real estate should be ignored – right? WRONG!!
It is true that this month’s numbers were down from last month. However, we must realize we are comparing the numbers to the best month in two years. The numbers are 14.4% higher than the same month last year. Below is a graph showing the pending sales numbers over the last two years. You can decide whether it is showing a recovering market or not.
source: KCMBLOG.com