Coram housing market blends multi-family, rural feels for first-time buyers
THE SCOOP Often a draw for first time home buyers, Coram offers a mix of single-family homes as well as condos, co-ops and apartment rentals. "You can find a four-bedroom house in a nice neighborhood for an affordable price . . . from the mid-$200,000s to the $300,000s," says Keith Dawson of Douglas Elliman Real Estate.
Many condos, such as Bretton Woods, offer amenities, says Gail Carillo of Coldwell Banker Residential Brokerage, who notes some units have FHA approval. Don't want to own? Avalon Pines, a rental development, has one-bedroom apartments starting at $1,665 a month and two-bedroom units starting at $1,915 a month, says Chris Fiorentino, senior community manager.
With wooded areas, occasional hilly terrain and trails for horseback riding, Coram retains some of its rural character. Shops, services and eateries can be found along Middle Country Road (Route 25) and Route 112.
The Wincoram Commons mixed use project is a go, says Councilwoman Connie Kepert, noting work should begin in the spring. Located at Route 112 and Middle Country Road, where the former United Artists theaters once stood, it will comprise retail space, rental units, a community building, a public plaza and a playground.
CONDOS AND TOWN HOUSES 45 listings between $129,990 and $317,000
CO-OPS 27 listings between $49,000 to $119,000
SALES PRICE Year over year, the numbers are up, according to Multiple Listing Service of Long Island data. From Jan. 1, 2013 to Dec. 31, 2013, there were 142 sales with a median price of $256,750. The low price was $50,000 for a short sale, and the high was $390,000. From Jan. 1, 2012 to Dec. 31, 2012, there were 114 sales. The median price was $236,950 with a low of $48,000 for a short sale and a high of $346,000.
ATTRACTIONS Diamond in the Pines Park on Route 112 offers athletic fields, playgrounds and a pavilion; Coram Equestrian Center on Mill Road; Pine Ridge Golf Club.
MORE CORAM STATS
Area: 13.8 square miles
ZIP code: 11727
Median age: 38.8
Median household income: $80,147
Median home value: $265,000
LIRR time to NYC: From Port Jefferson, 1 hour, 36 minutes to 1 hour, 53 minutes at peak
Monthly ticket: $363
School district: Most students attend Longwood; others go to Middle Country; a few attend Comsewogue
SOURCES: 2010 Census; mlsli.com; LIRR;
*Based on sales in the past six months, according to MLSLI