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East Avenue estate, now apartments, sells for $900,000
East Avenue estate, now apartments, sells for $900,000
A stately East Avenue mansion that houses seven apartments and has roots to the 1890s recently sold for $900,000.
Romeyn Management LLC of Pittsford, managed by Jonathan Romeyn Jr., completed the purchase of 1127 East Ave. on Aug. 18, according to documents filed with the Monroe County Clerk’s office.
The 7,786-square-foot home, which features brick and cedar on the exterior, is located at the corner of East Avenue and Argyle Street. The per-unit sale price was $128,571.
The seller, Edith Weiss of Distinction Management, LLC, had owned the property since 1996, when she purchased it for $340,000, county records show. Weiss lived in Brighton at the time and now resides in Marietta, Ga.
The property was listed in March, with an asking price of $1,095,000, according to multiple listing services. Interest was extremely high, according to the seller’s broker.
“We must have had 40 showings, conservatively, and we did have several offers,” said Tricia Wilson of Holly Creek Homes/Howard Hanna Real Estate Services. “There was interest as owner/occupied and from investors looking to add to their portfolio of properties.”
The eventual selling price of $900,000 “was a very good price for the seller and, because the market has changed (with escalating rent prices), a good deal for the buyer, too,” Wilson said.
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