Well-priced ranch homes are hot in Rochester-area’s real estate market
by: Mary Chao
For the past 30 years, Carla Palumbo enjoyed city living in the Lyell-Otis neighborhood in her two-story home on Glide Street. The diverse neighborhood is close to downtown and near amenities, such as Olindo’s Cash and Carry, where she would stock up on imported foods from Italy.
Palumbo, 60, decided a few years ago that the time had come to look into moving into one-story living. She began working in earnest with her Realtor, Carm Lonardo of ReMax Realty Group, last fall to search for that perfect ranch home with the criteria that it should be in a location close to downtown, where she works as CEO of the Legal Aid Society, and should not exceed $170,000.
After getting beat out on two deals, Palumbo was able to snare a buy on her perfect ranch home in Greece on Heritage Drive with an asking price of $139,900 for 1,316 square feet of living space. She moved quickly with Lonardo to write an offer and just closed on the deal last week.
Smaller existing single-family ranch homes that are in updated condition and priced well are in high demand in the current market as people seek easy-to-care-for homes, Lonardo said.
“They’re very popular and go quickly,” Lonardo said.
Ranch homes are especially popular with the baby boomer generation looking to downsize, Lonardo added.
Palumbo’s home in Greece was built in 1963 and features refinished hardwood flooring. The living room features a curved wall — a 1960s retro touch.
There is also a formal dining room and a family room that’s adjacent to the kitchen. The entire kitchen area has been remodeled with granite counters, an island with seating, a subway-tiled backsplash and all new stainless appliances.