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buying in Mattituck

By August 28, 2009March 7th, 2016No Comments

THE SCOOP Set in the heart of Long Island’s wine country, Mattituck is anchored between Long Island Sound to the north and Great Peconic Bay to the south.

 

Like other North Fork communities, Mattituck shares a rural landscape dotted by farm stands, vineyards and steepled churches. What sets this hamlet apart from its neighbors are the amenities it offers, such as the strip mall with a movie theater. Sheri Winter Clarry, senior vice president and associate broker of The Corcoran Group, calls these “creature comforts.” Valerie Goode, owner of Colony Realty in Jamesport, adds, “East of Riverhead, Mattituck is the biggest centralized town.”

 

The community houses a mix of seasonal and full-time residents. Buyers have options – acreage, smaller lots, waterfront. “Each property is unique,” says Donielle Cardinale McKinnon, an agent with Prudential Douglas Elliman Real Estate. For those seeking water, McKinnon says the bay is most in demand, followed by the Sound, the creek and the inlets. Generally, prices don’t exceed $3 million, but there’s always an exception. And although previously it was difficult to find homes in the $300,000 to $400,000 range, McKinnon says this year there were quite a few transfers at those prices.

 

MONTHLY RENTALS $1,200 to $2,200 and more.

 

SEASONAL RENTALS A modest cottage, $1,200 a week; monthly can range from $10,000 to $25,000 and more.

 

SALES PRICE Sales were slightly up year over year, according to Multiple Listing Service of Long Island data. From July 2008 to July 2009, there were 29 sales with a median of $500,000. The low was $275,000, and the high $2,120,000. In the previous year, there were 27 sales with a median price of $510,000. The low was $310,000, and the high $1,200,000.

 

ATTRACTIONS The Strawberry Festival, hosted by the Mattituck Lions Club each spring. On Oct. 2, the club will host the Third Annual North Fork Fall Food & Wine Festival.

 

Other stats

 

Town Southold

 

Area 8.6 square miles

 

ZIP code 11952

 

Population 4,201

 

Median age 45.5

 

Median household income $74,045

 

Median home value $382,500*

 

Median age of homes 43

 

Percent owning home 62 percent

 

Percent renting home 10.1 percent

 

LIRR time to NYC 2 hours and 28 minutes at peak

 

Monthly ticket $392

 

School district Mattituck-Cutchogue

 

SOURCES: Claritas 2009 estimates; mlsli.com; Long Island Rail Road;

 

*Based on sales in the past six months according to Multiple Listing Service of Long Island

 

Recently sold: $1,375,000

 

1750 Laurel Lake Dr. Earlier this month, this 11-room traditional-style home sold for $1,375,000. It was on the market 318 days with a last list price of $1,480,000. Set on 4.72 acres, this 5,200-square-foot home has 4 1/2 bathrooms and 11 rooms, including six bedrooms and two fireplaces. The property is surrounded by a preserve. The taxes are $16,900.

 

Recently sold: $500,000

 

4780 Ole Jule Lane. On the market 19 days, this eight-room ranch sold in early August for $500,000. Set on a 1-acre parcel at the mouth of James Creek, the house features a high-end kitchen, two fireplaces, three bedrooms, two bathrooms and a deck. Taxes are $7,584.

 

Recently sold: $355,000

 

2075 Marys Rd. Value priced from $339,000 to $398,876, this seven-room expanded ranch sold for $355,000 at the end of July. It was on the market 47 days. Set on a little more than 1/2acre, the house is laid out with an eat-in kitchen, a dining room, a living room with a fireplace, three bedrooms and 2 1/2 bathrooms. Taxes are $6,307.

 

NOW FOR SALE

 

STARTER

 

$369,000. Built in 2007 on a .37-acre parcel, this six-room ranch has three bedrooms, two baths. Walk to Love Lane. Taxes are $5,951. Valerie Goode, Colony Realty, Jamesport, 631-722-5800.

 

TRADE-UP

 

$749,000. This renovated farmhouse on 2.14 acres has farm views, four bedrooms, 2 1/2 baths, an in-ground pool and detached two-car garage with studio. Taxes are $11,584. Donielle Cardinale McKinnon, Prudential Douglas Elliman, Mattituck, 631-298-8000.

 

HIGH-END

 

$9,750,000. Overlooking the Sound with a beach, this 12- room Mediterranean with four bedrooms and 6 1/2 baths has a kitchen with two pizza ovens, four fireplaces, wine cellar and movie room. Taxes, $30,571. Sheri Winter Clarry, Corcoran Group, South- old, 631-765-1300.

 

ON MULTIPLE LISTINGS

 

Number of houses 62

 

Price range $259,000 to $9,750,000

 

Tax range $3,181 to $30,571

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