Posted on 02/20/2018 10:35:59 AM PST by mairdie
The oldest standing log cabin the US - including George Washington-era artifacts - has been put on sale for $2.9 million.
Nothnagle Log House was built around 1640 by Finnish settlers in the New Sweden Colony along the Delaware.
The territory was taken over by the Dutch in 1655, but the magnificent 375-year-old oak cabin still stands in what is now New Jersey.
It is owned and operated as a tour site by Harry Rink, 88, and his wife Doris, 75, of Greenwich Township.
They are now looking for a buyer willing to accept their unique demands. The new owner would manage the property, but Harry and Doris would continue living in it and hosting their free tours.
The couple decided on this after having a discussion about what might happen to the house if they die.
Christina Huang, the realtor who listed the property, added: 'Because of all the artifacts and antiques that come with the house, it is probably worth well over $2.9 million,' pointing to furniture, clothing and other collectibles from the 17th and 18th centuries.
(Excerpt) Read more at dailymail.co.uk ...
What I like best is the three car garage.
“There are today at least 25 million descendants of the Swedes and Finns of the Delaware. At least half of these, perhaps more, have one or more Delaware Finns in their family tree. “
http://www.askovuorinen.fi/page30.php
I didn’t understand the “you pay for it, we’ll live in it” point of view of the owners, lol.
THAT IS THRILLING!
Incredibly exciting. What a thing to cherish.
I’ve actually seen that before. Never understood it and always wondered if they found a sucker to buy the properties.
Well, they say a sucker is born every minute.
There certainly are——we are very lucky.
(Beautiful day,isn’t it?):-)
.
Common. To sell , yet live in called “life estate”.
I thought only illegal aliens could work that hard. I also noticed no eye protection or gloves.
Yawn!
Older buildings in St. Augustine, FL.
I believe, in the 1600s Finland was ruled by the Swedes. Hence ethnically Finnish settlers could settle in a Swedish colony....
“I didnt understand the you pay for it, well live in it point of view of the owners...”
This isn’t all that unusual of an arrangement, particularly with older people. It’s a purchase with a lifetime lease-back agreement. They just want to make sure that: A) They don’t have to move now, and B) They get to choose who they sell it to—since the property is precious to them.
This way, the house isn’t inherited by (potentially) greedy relatives, who might sell it off to a developer, or someone else who will tear it down. Probably part of the contract is that since the house is so historic, the buyer agrees never to tear it down—or sell it to someone who will.
It's very common. It's called a Life Estate. Most often, it is used when passing a property to one's children before your passing, so that it isn't a major problem during probate.
When it isn't passed to family, it is a good way to get ownership of an asset, often at a very favorable price... as long as you don't mind waiting a while to make it fully yours. Corporations taking the long view are an obvious entity to be interested in this kind of purchase.
Quaint house, looks like a neat place to visit and explore.
But, the gutters do stick out like a sore thumb.
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Yea, those aluminum gutters do look out of place. Wood gutters or perhaps a Yankee gutter might look better.
If you want them to look more old-fashioned, you use round, half-circle gutters with round downspouts--as they were in the 1800s.
These tend to be a lot more expensive though...
Thanks. Interesting, different. Looks like they are catching run-off from a metal roof.
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