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Real LI

Buying and selling real estate in the communities of Long Island

Why you should buy their house in Port Jefferson

Steve and Anne Cluett in the kitchen of

Photo credit: Heather Walsh

Sellers: Anne and Steve Cluett

Address: 116 Prospect St., Port Jefferson

Asking price: $479,000

The competition: A four-bedroom, two-bath historical home on Bayview Terrace is listed for $465,000.

Recent sale in the area: A three-bedroom, 2½-bath Victorian on Chestnut Street sold in February for $760,000.

Taxes: $4,576

Time on the market: Three weeks

Listing...

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Cole Porter once rented this Sea Cliff house

Composer-lyricist Cole Porter sang and performed for his

Photo credit: Handout

 Sea Cliff has long attracted creative types, so it's not surprising composer-lyricist Cole Porter rented this elegant estate -- referred to as Westways -- in the early 1930s.

  “He rented the home for a summer from the McAdam family, who were  the original owners,” says Michael Stanco of Douglas Elliman Real Estate, who with Milla Stanco, is marketing the manse for $3.189 million.

“He...

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Sag Harbor named one of the 'happiest' seaside towns

This 4,600-square-foot historical waterfront home in Sag Harbor

Photo credit: Handout

Many Long Island seaside communities can bring about happiness, but it is Sag Harbor that placed fourth on Coastal Living magazine’s 2013 list of America’s Top 10 Happiest Seaside Towns. Ranked by reader votes, the list is led by Beaufort, S.C., and finishes with Pescadero, Calif., in 10th place.

Here’s the magazine’s take on Sag Harbor: “Situated between Long Island’s celebrity studded Bridgehampton...

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Properties for sale with 'Gatsby' ties

The former Alva Vanderbilt Belmont estate in Sands

Photo credit: Handout

Friday’s premiere of the 3-D motion picture “The Great Gatsby” is focusing attention on the Gold Coast properties that inspired the 1925 novel — or were inspired by it.

One is a Sands Point home (see photos above), on the market for $5.9 million, situated on the former estate of Alva Vanderbilt Belmont, where she had a full-scale replica of an Irish castle constructed. Dubbed Beacon...

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Mortgage basics escape many home buyers, Zillow says

A year ago, Michelle and Nilson Ruiz worked

Photo credit: Getty Images, 2012

Do you know enough about mortgages to make a home purchase? According to  Zillow, there's a good chance you don't.

The online real estate firm gave an eight-question quiz on mortgage basics to a nationally representative sample of prospective and current homeowners, and 32.5 percent of respondents couldn't answer them all correctly.

How basic?

Well, a full 34 percent of those...

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LI mortgage delinquency plummets faster than historic national pace

The mortgage delinquency rate fell 17.7 percent in

Photo credit: iStock

For years since the crash, Long Island's mortgage delinquency rate has stood far above the national average. But it declined rapidly during the first three months of the year, at a pace that's more than 5 percentage points faster than the nation as a whole. It's an especially impressive feat when you consider the U.S. rate dropped more precipitously than ever before.

Just 5.87 percent of mortgage...

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News 12 clip: 'Great Gatsby'-esque properties on LI

The former Alva Vanderbilt Belmont estate in Sands

Photo credit: Handout

With Friday's much-anticipated release of the 3-D adaptation of "The Great Gatsby," Newsday's LI Home editor Valerie Kellogg appeared on News 12 Long Island Tuesday, as she does every Tuesday around 7:15 p.m., to talk about three high-end Gold Coast properties of the era. Here's the clip, in case you missed it, with a list below of the agents representing each of the properties. To see...

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Rich Cribs: $28M Asia-inspired Bridgehampton home, and more

A grand sitting room offers a vaulted ceiling

Photo credit: Handout

CHINESE GARDENS. For those seeking tranquillity, a 10,000-square-foot manse in Bridgehampton might be suitable. More than a decade ago, Chinese-American artist Jian Guo Xu was commissioned to incorporate his vision into the landscape design.

Tropical plantings, rare specimen trees, varieties of bamboo and weeping plants are found throughout the 4.6 acres. The property abounds in Asian statuary,...

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Legendary whaling captain's Cold Spring Harbor home for sale

The original home in Cold Spring Harbor of

Photo credit: Handout

The former residence of one of the best-known characters in the annals of whaling is for sale: Listed for $895,000, the 19th century Cold Spring Harbor Colonial once belonged to Captain Manuel Enos, a real-life Captain Ahab.

The 19th century four-bedroom, four-bath building is part of the walking tour for the Cold Spring Harbor Whaling Museum, which is across the street. For decades, the white...

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Why you should buy their house in Holtsville

Holtsville home owners Darlene and John Triglia in

Photo credit: Joseph D. Sullivan

Sellers: Darlene and John Triglia

Address: 59 Second Ave., Holtsville

Asking price: $299,999

The competition: A ranch on Ridgewood Avenue, described as a short sale, is on the market for $249,900.

Recent sale in the area: A three-bedroom, two-bath ranch on Summerfield Drive sold in February for $435,000

Taxes: $7,936

Time on the market: Since March 17

Listing...

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