First let's compare the inventory of 5 Oxford Road to the inventory of 29 Oxford Road; the property the school wants to buy.
5 Oxford Road:
- 2,586 sq. ft.
- effective year built of 1990 [obviously there was extensive remodeling in 1990 because the house is older]
- 2012 Tentative Assessment is $155,000.
The town's assessment database lists 29 Oxford Road:
- 2,304 sq. ft.
- built in 1920
- 2012 Tentative Assessment is $119,600.
Actual 2011 sale price of 5 Oxford Road to the Proposed sale price of 29 Oxford Road...
Nov. 1, 2011 Sale price of 5 Oxford Road.....$139,500
Price New Hartford Central School wants to pay for just 29 Oxford Road...we are not really sure because the school hasn't been completely open, but the handout we received says they will be paying $244,000 for 29 Oxford Road to include a small parcel of vacant land [280 ft. by 100 ft.] on George Ave...plus they are asking taxpayers to approve an additional $36,000 just in case there are environmental issues.
Total cost of 29 Oxford Road and a small parcel on George Ave....not to exceed $270,000!!!
Does anyone see anything wrong with this picture?
We ask once again...Does Mr. Brown realize that the school used his two (2) year old Broker's Opinion to justify their proposition to purchase 29 Oxford Road when there are more recent sales available in close proximity to 29 Oxford Road that do not justify the sales price?
We also ask...where are the elected members of the Board of Education...they should be ashamed of themselves!! We would be interested in knowing if the approval to purchase these properties for this price was by unanimous vote of the school board.
To be continued...If you have not read our previous blogs on this subject, they are available here!