{"id":3563,"date":"2023-10-12T01:44:19","date_gmt":"2023-10-12T01:44:19","guid":{"rendered":"http:\/\/billingsrealtybrokers.paradiseinnovations.com\/index.php\/2023\/10\/12\/why-the-countrys-oldest-log-cabin-slashed-millions-off-its-price\/"},"modified":"2023-10-12T01:44:19","modified_gmt":"2023-10-12T01:44:19","slug":"why-the-countrys-oldest-log-cabin-slashed-millions-off-its-price","status":"publish","type":"post","link":"http:\/\/billingsrealtybrokers.paradiseinnovations.com\/index.php\/2023\/10\/12\/why-the-countrys-oldest-log-cabin-slashed-millions-off-its-price\/","title":{"rendered":"Why the Country\u2019s Oldest Log Cabin Slashed Millions Off Its Price"},"content":{"rendered":"

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Realtor.com<\/p>\n

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When the oldest log cabin in the country<\/a>, located in Gibbstown, NJ<\/a>, came on the market in 2017<\/a>, its asking price was a hefty $2.9 million. Now, it\u2019s just $262,000. Why the drastic price reduction?<\/p>\n

\u201cWhen the owners originally tried to sell it, they had included all of the artifacts and antiques, including farm machines, with the sale of the two homes,\u201d says listing agent Christina Huang<\/strong>, of Weichert, Realtors\u2013East Brunswick. \u201cAll of the antiques from different years were included, but we found out that no one wanted to pay that kind of money.\u201d<\/p>\n

The Nothnagle Log House<\/a> was built in 1638, and the Colonial home was added on 100 years later. The log cabin, said to be the country\u2019s oldest, is listed on the National Register of Historic Sites.<\/p>\n

The 1.3-acre property also comes with a four-car garage, a machine shop, and a shed.<\/p>\n

Interior<\/p>\n

Realtor.com<\/p>\n

Fireplace<\/p>\n

Realtor.com<\/p>\n

\u2018Historic significance\u2019<\/h2>\n

\u201cWe had many people who wanted the property, and it was a very tough situation,\u201d Huang says. \u201cThe sellers didn\u2019t want to make money off of the people, who loved to come and visit it.<\/p>\n

\u201cIt has such historic significance that you can\u2019t put a price tag on it,\u201d she continues. \u201cNot a single nail was used to build the log home, so it was going to take some expertise to maintain it. It was just too big of a project for the average person, so a developer ended up purchasing it. He may do some subdividing of the land, but plans to keep both homes intact.\u201d<\/p>\n

Log home<\/p>\n

Realtor.com<\/p>\n

Big yard<\/p>\n

Realtor.com<\/p>\n

Huang says the homeowners were able to sell most of the furnishings and antiques via private sale.<\/p>\n

\u201cIt would have been nice if they could have kept the antiques that included everything from ancient shoes and hats to alabaster pipes that were smoked,\u201d she said. \u201cIt could have been an incredible teahouse or kept as a museum. In Gloucester County, unfortunately, it just didn\u2019t get the attention it deserves. It is sad to not be able to keep it as a museum open to the residents. There is just so much history there, and this is the first time in a century that it has been available for sale.\u201d<\/p>\n

Huang says she appreciates the opportunity to be a part of the sale of this incredible piece of history.<\/p>\n

\u201cThe property has had senators, congressmen, and ambassadors look at it, but sadly no one was able to preserve it,\u201d she says. \u201cI\u2019m totally in love with it. It is just a real story of continuing love. The sellers devoted their lives to preserving it. We are just hopeful the developer will take the property and cherish it as much as the sellers did.\u201d<\/p>\n

Two-car garage<\/p>\n

Realtor.com<\/p>\n

Shed<\/p>\n

Realtor.com<\/p>\n

The post Why the Country\u2019s Oldest Log Cabin Slashed Millions Off Its Price<\/a> appeared first on Real Estate News & Insights | realtor.com\u00ae<\/a>.<\/p>","protected":false},"excerpt":{"rendered":"

Realtor.com When the oldest log cabin in the country, located in Gibbstown, NJ, came on the market in 2017, its asking price was a hefty $2.9 million. Now, it\u2019s just $262,000. Why the drastic price reduction? \u201cWhen the owners originally tried to sell it, they had included all of the artifacts and antiques, including farm…Read More→<\/a><\/p>\n","protected":false},"author":0,"featured_media":3564,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[1],"tags":[],"class_list":["post-3563","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-uncategorized"],"_links":{"self":[{"href":"http:\/\/billingsrealtybrokers.paradiseinnovations.com\/index.php\/wp-json\/wp\/v2\/posts\/3563","targetHints":{"allow":["GET"]}}],"collection":[{"href":"http:\/\/billingsrealtybrokers.paradiseinnovations.com\/index.php\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"http:\/\/billingsrealtybrokers.paradiseinnovations.com\/index.php\/wp-json\/wp\/v2\/types\/post"}],"replies":[{"embeddable":true,"href":"http:\/\/billingsrealtybrokers.paradiseinnovations.com\/index.php\/wp-json\/wp\/v2\/comments?post=3563"}],"version-history":[{"count":0,"href":"http:\/\/billingsrealtybrokers.paradiseinnovations.com\/index.php\/wp-json\/wp\/v2\/posts\/3563\/revisions"}],"wp:featuredmedia":[{"embeddable":true,"href":"http:\/\/billingsrealtybrokers.paradiseinnovations.com\/index.php\/wp-json\/wp\/v2\/media\/3564"}],"wp:attachment":[{"href":"http:\/\/billingsrealtybrokers.paradiseinnovations.com\/index.php\/wp-json\/wp\/v2\/media?parent=3563"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"http:\/\/billingsrealtybrokers.paradiseinnovations.com\/index.php\/wp-json\/wp\/v2\/categories?post=3563"},{"taxonomy":"post_tag","embeddable":true,"href":"http:\/\/billingsrealtybrokers.paradiseinnovations.com\/index.php\/wp-json\/wp\/v2\/tags?post=3563"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}