Filed under: Estates

Today’s home in Remsenburg, New York is eagerly seeking a buyer and is being sold at a deep discount. As Newsday’s Real LI blog reports the estate first went on the market in 2007 for almost $8 million and is now being offered for $4.25 million as long as the buyer can come up with the financing within 30 days, puts down 10 percent and the sale closes within 60 days. The English Tudor style mansion was built in 1934 and belonged to Frank Smith, who was chief designer for Evan Picone. Smith died in 2007. His partner, Norman Leavitt, the trustee of the estate, has created the bottom line offer to raise money for estate taxes owed on the property. For your money you get a 6,400-square-foot, three-story house on 14-plus acres that includes a pond and formal gardens.The seven-bedroom home has seven fireplaces,two wood-paneled libraries, chandeliers, beveled lead glass windows and has interesting details like a fur vault, a telephone room under a staircase and a pipe organ that is still behind a wall Leavitt and Smith built to cover it. The listing for the home is here and an interactive tour is here.

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Remsenburg, Estate of the Day originally appeared on Luxist on Sat, 28 Feb 2009 13:02:00 EST. Please see our terms for use of feeds.

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