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For sale: This old (oldest?) house
Yates House, built about 1725, is listed for the first time and priced at $389,000
By LAUREN STANFORTH Staff writer
Published 12:01 a.m., Wednesday, April 13, 2011



The historic Yates House in Schenectady, N.Y. April 12, 2011. (Skip Dickstein / Times Union)

SCHENECTADY -- You can now own a piece of Capital Region history in the form of one of its oldest houses.

The Yates House, a white Dutch Colonial in the heart of Schenectady's Stockade neighborhood, was built around 1725 by tanner Abraham Yates and is now being sold by Paul Mlodzianowski, whose wife's family has owned it from the start. The property at 109 Union St. is on the market for the first time.

Some touches of the original house can be seen, like its brick front, giant attic beams and plank floors upstairs. But much of its 3,462-square-foot interior was added in the 1800s and 1900s, and the house is in need of restoration, said Realty USA sales associate Joseph Fava. It's listed for $389,000.

Mlodzianowski, a painting contractor, said now that his children are in college, the house is too big and he has never had the money or the time for major repairs. He and his late wife, Susan, bought the house from her grandmother, who bought the house from her cousin, a Yates descendant..............>>>>................>>>>..................Read more: http://www.timesunion.com/default/article/For-sale-This-old-oldest-house-1334351.php#ixzz1JOv2GduX

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No buyer for Stockade's historic Yates House
By Lauren Stanforth
Published 08:56 p.m., Saturday, April 21, 2012

SCHENECTADY — One of the oldest Dutch urban homes in the nation, the Yates House in the city's Stockade neighborhood, did not successfully find a new owner after it was put on the market last year.

The house at 109 Union St. was listed for the first time in early 2011 after its owner, Paul Mlodzianowski, decided the house was too large and in need of too many repairs for him to hold onto.

Built around 1725 by tanner Abraham Yates, the house had never been put up for sale but was passed between relatives for more than 200 years. Mlodzianowski and his late wife, Susan, bought the house from her grandmother, who bought the house from her cousin, a Yates descendant.

Realty USA sales associate Joseph Fava said the house was on the market for at least six months, and was reduced from its original $389,000 asking price. Mlodzianowski decided to take it off the market. "It will take a special kind of person, and one didn't come along," Fava said about a future buyer...................>>>>..................>>>>...................Read more: http://www.timesunion.com/loca.....35.php#ixzz1sldDmm7B

What a shocker! No idiot wanted to pay DEM confiscatory taxes on a $389,000 home in renaissance City. Then have to pay private school tuition and not be able to park. It couldn't sell last year either. Why is this even news? The Armory, Olenders. Trustco HQ and too many others can't be sold.  List it at the Metrograft price of $1 then go to the DEM only assessment bored and plead your case- lol.

holding on to the past cost a lot of money....it's like paying out pensions on past workers.....keep saddling the future with remnants of the past...it's like hiking
with bricks in your backpack

Actually, it's assessed for $247,600

Actually, it's been listed for sale since 2010, when the MLS # was 201034253

And the asking price has gone from $389,000 to it's current $219,000.   Let's say it sold for the $219,000, that would really make GCAR numbers BAAAAD for "percent of listing price" that houses sold for (check out those monthly stats where it references that -- and the percent of listing price that houses IN THE CITY OF SCHENECTADY that houses are selling for is going lower and lower and lower).   The GCAR stats should also state what percent of the assessment value houses actually sold for as well, but of course, the dems around here do NOT want that information divulged (the dems oppose transparency) because that would just prove what an a** that McC is.


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This is all "evidence" of DV's claim that a renaissance is occcurring in the city!

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Someone may buy it and turn it into a Guyanese Hindu Palace, if they can get for ohhhh, lets say 175k...

Quoted from GrahamBonnet

Someone may buy it and turn it into a Guyanese Hindu Palace, if they can get for ohhhh, lets say 175k...

Great idea! Then they can get it off the imploding tax rolls. Like the DEMS want to do to the highest assessed property in the GE Realty Plot. Keep the DEM implosion going-"Re-elect" Marion Poterfield!

Was trying to look something up and came across this.

I think this thread should be resurrected.


Let's ask the BIG dem cheerleader to explain this:


Listed for sale on 12/21/10 with an asking price of $389,000
No willing buyers
Price reduction on 4/30/11 to $319,000
No willing buyers

Price reduction on 8/3/11 to $289,000
Still no willing buyers

Price reduction on 4/19/12 to $219,000
Still no willing buyers

Price reduction on 3/17/13 to $198,500
STILL no willing buyers

Price reduction on 5/30/13 to $189,500
STILL no willing buyers

Price reduction on 7/13/13 to $179,000
STILL no willing buyers

Price reduction on 9/21/13 to $169,000
STILL no willing buyers

Price reduction on 2/19/14 to $164,500
And after three months at that price STILL NO WILLING BUYERS



Three and one half years  -- count them -- 3 and 1/2 years listed for sale.

Three -- count them  -- 3  different realtors.  

EIGHT -- yes!  COUNT THEM!    8   price reductions



The city taxes them at $247,000 and the dems leadership INSISTED last year, in 2013 that the house would sell for $229,259  HOW smart is the dem leadership in the city, the asking price had been reduced in April 2102 and one year later the dems still insisted it would sell for $229.

Here it is 2014, the dem leadership in the city INSISTS that the house will sell for $201,301. But the asking price has been under $200,000 for OVER ONE YEAR, but the dems STILL INSIST that the market value of the house exceeds $200,000 !!!


So, how intelligent, how good is the dem leadership in the city?    DV care to comment?

Will be labeled a "correction" in the market.

The realty company's sign in front of the house says it is under contract

Quoted from Ididntdoit

The realty company's sign in front of the house says it is under contract

I would take a guess and say that maybe that was put there in January?  If you look at the history, the listing was removed at the beginning of January and then listing back on in mid February, which the timing could be typical that the prospective buyers made an offer but were not qualified for the mortgage.   Or perhaps their was something that was found during the structural that exceeded the threshold amount to fix so the buyer's backed out.  Or perhaps even taking into account a down payment, the appraisal came in lower than what the mortgage would have to be for.

For people who like that style house, there's a lot to be said nice about it.   But the kitchen is HORRID!   I couldn't help but notice the very outdated lighting, the fluorescent with the pull strings on the ceiling, UGH.  For example, even people who hate wallpaper, such wallpaper haters would have to agree that the wallpaper in the house is keeping in character with the house.  But outdated florescent light fixture has nothing to do with the character of the house, as there was no electricity in existence with the house was built.  Florescent when out ages ago.  Then you have to look at the stove hood, it's held up with some kind of chains hanging.  Really, hey couldn't put cabinets over the stove?   To get top dollar, stainless appliances are the thing these days.  The cabinets don't see to all match--look at the wood color one on the one side of the stove.  I'm actually surprised the house has an electric stove instead of gas.

But really, look at those kitchen photos.  WHO puts a refrigerator in front of a window ??????????????????

And the washing machine in the kitchen next to the stove??????   Ewwwwwwwwwwwwwwwwww..    Loading worn underwear into a washing machine right next to the stove one cooks on,   Ewwwwwwwwwww.   GROSS !!!!!!!!!!!!!!!!!!!!

No, it is recent, maybe three weeks now

Quoted from Ididntdoit

No, it is recent, maybe three weeks now

Weird because the realtor's website shows it as actively available for sale.

If this house sells for the $164,000, then the following is a FACT

The sale price of the house is will be only a paltry 42% of it's listing price


And under the dem leadership, the house will have lost about 40% of it's value in less than five years!


Do these FACTS in the Stockade (kind of downtown) sound like the city is in a renaissance?    DV????? care to respond?