Properties for Sale in Ilion, NY A Complete Information

Properties on the market in ilion ny – Properties on the market in Ilion, NY provide a various vary of properties, from charming single-family properties to trendy townhouses. This information supplies a complete overview of the present actual property market, exploring numerous property varieties, neighborhoods, and up to date gross sales information. Uncover the distinctive traits of Ilion’s housing market and study financing choices, native brokers, and the historic context behind these properties.

This detailed exploration delves into the particular nuances of the Ilion actual property market. From the standard worth ranges for various property varieties to the facilities of varied neighborhoods, this information goals to equip potential homebuyers with the information they should navigate the method successfully.

Market Overview

Properties for Sale in Ilion, NY A Complete Information

The Ilion, NY, actual property market presents a nuanced image, reflecting each native financial situations and broader nationwide traits. Whereas not experiencing the frenzied exercise of some metropolitan areas, the market demonstrates a gradual, if not all the time speedy, tempo of transactions. This stability, nevertheless, belies underlying elements that may affect property values and purchaser curiosity.The market’s dynamics are additional formed by the interaction between obtainable stock and the needs of potential consumers.

Restricted listings can create aggressive conditions, probably driving costs upward, whereas a surplus would possibly counsel extra negotiating energy for consumers. A deeper evaluation of current gross sales information reveals patterns that may help in comprehending the native housing panorama.

Present Actual Property Market Circumstances

The Ilion actual property market reveals a average stage of exercise, with gross sales usually occurring over a interval of a number of months. This isn’t uncommon for smaller, extra rural markets, the place transactions are sometimes much less frequent and extra deliberate in comparison with extremely aggressive city environments. The present situations are characterised by a balanced provide and demand, though fluctuations can happen relying on particular property varieties.

Typical House Worth Ranges

Understanding the worth spectrum for numerous property varieties is essential for potential consumers and sellers alike. The standard worth vary for various property varieties displays the traits of the market in Ilion, NY.

Property Kind Worth Vary (USD) Date of Sale (Instance)
Single-Household Properties $150,000 – $350,000 2023-10-27
Townhouses $120,000 – $280,000 2023-11-15
Condos $80,000 – $200,000 2023-12-05

Current Gross sales Knowledge Comparability

Analyzing current gross sales information supplies priceless insights into market traits. This comparability permits for a extra knowledgeable perspective on the present market situations in Ilion, NY, when contemplating historic context. The desk beneath illustrates current gross sales and compares them to earlier years. Knowledge limitations could exist, particularly for much less incessantly bought properties.

Property Kind Worth Vary (USD) 2023 Worth Vary (USD) 2022 Date of Sale (Instance)
Single-Household Properties $180,000 – $370,000 $170,000 – $350,000 2023-10-27
Townhouses $130,000 – $290,000 $120,000 – $270,000 2023-11-15
Condos $90,000 – $210,000 $85,000 – $200,000 2023-12-05

Property Sorts

Ilion, NY, presents a various array of residential properties, reflecting the group’s historic improvement and present market traits. These choices, from modest single-family properties to bigger estates, cater to a variety of budgets and preferences. Understanding the prevalent property varieties supplies perception into the obtainable housing choices and the particular traits related to every.

Frequent Residential Types

The residential panorama of Ilion is primarily composed of single-family properties, with a notable presence of older, conventional constructions. These properties typically exhibit a wide range of architectural types, reflecting the evolving tastes and constructing practices of previous eras. The area’s historical past has influenced the aesthetic character of the properties, creating a singular architectural narrative.

Single-Household Properties

Single-family properties dominate the Ilion housing market. These constructions usually vary from two to 4 bedrooms and one to 2 bogs. The prevailing types typically embrace Cape Cods, Colonials, and Ranch-style properties. Examples of those types are seen all through the group, showcasing the affect of native constructing traditions. Many of those properties function conventional architectural particulars akin to wrap-around porches, giant entrance home windows, and ornamental trim work.

Condominiums

Condominiums, whereas much less prevalent than single-family properties, are a rising section of the Ilion actual property market. These properties provide a extra compact residing house inside a deliberate group. Options typically embrace shared facilities, akin to swimming pools, clubhouses, and leisure amenities.

Historic Properties

Ilion boasts a major variety of historic properties, typically representing notable architectural types and craftsmanship. These constructions incessantly function distinctive particulars and traits, reflecting the group’s wealthy previous. They typically necessitate a better stage of restoration and upkeep on account of their age.

Approximate Worth Ranges

Property Kind Description Approximate Worth Vary
Single-Household House (Conventional) Two to 4 bedrooms, one to 2 bogs, conventional architectural types (Cape Cod, Colonial, Ranch). $150,000 – $350,000
Single-Household House (Modern) Fashionable designs, probably with open ground plans, up to date options, and newer building. $250,000 – $500,000+
Condominium Smaller residing areas, shared facilities, inside a deliberate group. $100,000 – $250,000
Historic Property Older properties with distinctive architectural particulars and probably requiring restoration. $180,000 – $400,000+

Be aware: Worth ranges are approximate and might differ considerably based mostly on dimension, situation, location, and particular options.

Neighborhoods and Places

Ilion, NY, presents a tapestry of residential areas, every with its distinctive character and enchantment. Understanding the nuances of those neighborhoods is essential for potential homebuyers, providing insights into the native setting and high quality of life. From established family-oriented communities to extra secluded areas, Ilion’s neighborhoods replicate a spectrum of residing experiences.The geographical positioning of Ilion’s neighborhoods performs a crucial function in evaluating the proximity to important companies and facilities.

Properties in areas nearer to colleges, parks, and industrial facilities typically command larger values and provide better comfort. Assessing the relative distance to those important elements permits potential consumers to gauge the sensible implications of selecting a selected neighborhood.

Neighborhood Traits

The character of a neighborhood is formed by the interaction of its bodily attributes, social dynamics, and accessibility to assets. This examination will analyze the distinctive options of Ilion’s neighborhoods, providing a comparative perspective.

  • Downtown Ilion: This central hub is characterised by its proximity to outlets, eating places, and native companies. Residential properties on this space usually function a mix of older properties and renovated constructions. The quick entry to every day requirements and leisure contributes to its reputation. Downtown’s vibrant ambiance fosters a way of group, however the potential for noise and visitors must also be thought of.

  • North Ilion: The northern part typically gives bigger lot sizes and extra tranquil settings. The gap from the town heart could end in much less quick entry to retail and leisure choices. Households looking for spacious properties in a much less dense setting typically gravitate in direction of this space. The proximity to parks and open areas additional enhances the enchantment of North Ilion.

  • South Ilion: The southern neighborhoods incessantly function a mixture of older properties and newer developments. The accessibility to numerous companies, together with faculties and parks, varies based mostly on the particular location inside this part. Households with various wants and preferences could discover appropriate housing choices in South Ilion, contemplating the steadiness between established infrastructure and potential improvement alternatives.

Proximity to Companies

The strategic positioning of properties in relation to colleges, parks, and different important companies considerably impacts a neighborhood’s enchantment and worth. Properties nearer to those facilities typically command larger costs, reflecting the comfort they provide.

Neighborhood Title Facilities Common House Worth Proximity to Key Companies
Downtown Ilion Outlets, eating places, native companies $180,000 – $250,000 Excessive – quick entry
North Ilion Bigger tons, parks, open areas $200,000 – $300,000 Reasonable – barely farther from downtown
South Ilion Mixture of older and newer properties $150,000 – $280,000 Variable – relies on particular location

“Proximity to important companies is a key think about evaluating a neighborhood’s total worth.”

The desk above supplies a comparative overview of Ilion’s neighborhoods, highlighting their key traits and accessibility to important companies. The typical dwelling costs are estimations based mostly on market traits and usually are not assured. Particular person dwelling costs could differ considerably relying on particular options and situation.

House Options and Facilities

The residential market in Ilion, NY, displays a spectrum of dwelling types and options, every with its personal distinctive worth proposition. From conventional designs to extra trendy updates, the properties obtainable provide a wide range of facilities, contributing to the general desirability of every property. Understanding these options is essential for potential consumers to evaluate the suitability of a house to their wants and finances.A key ingredient in evaluating properties on the market is the meticulous consideration of options and facilities.

These elements typically considerably affect the perceived worth of a property. Elements akin to kitchen updates, completed basements, and energy-efficient design contribute to a house’s total enchantment and potential return on funding. The structure and dimension of a house additionally straight correlate to its performance and suitability for various life.

Frequent House Options

The widespread options present in Ilion properties present a glimpse into the world’s architectural and design preferences. These options, whereas various in particular particulars, usually replicate a steadiness between conventional types and trendy conveniences. This understanding is crucial for potential consumers to judge the properties within the context of their preferences and way of life wants.

  • Up to date Kitchens: Fashionable kitchens are more and more wanted, typically that includes granite counter tops, chrome steel home equipment, and ample cabinetry. These upgrades improve the performance and aesthetic enchantment of the house, probably growing its market worth and attracting a wider vary of consumers. The presence of an up to date kitchen generally is a vital promoting level, because it represents an funding in a house’s most utilized and sometimes visually outstanding space.

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  • Completed Basements: Completed basements present priceless additional residing house, providing potential bedrooms, recreation areas, or dwelling workplaces. This extra sq. footage expands the usable space of the house, accommodating numerous wants and way of life necessities. Properties with completed basements typically command a premium worth as a result of elevated residing space and flexibility they provide.
  • Vitality-Environment friendly Options: Vitality-efficient home windows, insulation, and heating/cooling methods have gotten more and more necessary issues. These options can translate into vital long-term financial savings on utility payments, representing a wise funding for consumers looking for cost-effectiveness. The inclusion of energy-efficient home equipment and constructing supplies contributes to sustainability and lowered environmental affect.
  • Out of doors Residing Areas: Decks, patios, and porches are incessantly included into Ilion properties, offering outside residing areas for rest and entertaining. The presence of those facilities can considerably improve the house’s enchantment, particularly within the context of the native local weather and outside way of life.

Typical House Sizes and Layouts, Properties on the market in ilion ny

The standard sizes and layouts of properties in Ilion differ relying on the particular property. Nevertheless, there are discernible traits that replicate the native market calls for. The sizes typically vary from smaller single-family properties to bigger, multi-bedroom properties. These variations are usually aligned with the general housing market traits within the space, reflecting each affordability and house necessities.

House Dimension Vary Typical Format Options
1,500-2,000 sq ft Two to a few bedrooms, two bogs, a lounge, eating space, and a kitchen. These properties incessantly incorporate a storage.
2,000-2,500 sq ft Three to 4 bedrooms, two or extra bogs, a bigger residing space, and potential for a completed basement or further residing house. These properties may embrace a two-car storage.
Above 2,500 sq ft 4 or extra bedrooms, three or extra bogs, and expansive residing areas. These properties could embrace separate eating rooms, dwelling workplaces, and different specialised areas. They typically function hooked up garages.

Current Gross sales Knowledge

A crucial element of understanding the Ilion, NY actual property market is analyzing current gross sales information. This supplies insights into present market traits, worth fluctuations, and the elements driving these adjustments. Cautious examination of those metrics permits for a nuanced perspective on the native housing market, providing priceless context for potential consumers and sellers.

Worth Fluctuations

The previous yr has witnessed delicate but perceptible fluctuations in Ilion dwelling costs. Elements akin to shifts in rates of interest, regional financial situations, and native provide and demand have all performed a task in modulating the worth traits. As an example, rising rates of interest typically cool the market, as borrowing prices improve, probably dampening demand and slowing worth appreciation.

Conversely, intervals of financial stability typically correlate with a extra sturdy market, resulting in upward worth changes.

Elements Influencing Worth Adjustments

A number of elements have influenced worth fluctuations within the Ilion actual property market. These embrace shifts in rates of interest, regional financial efficiency, and native provide and demand dynamics. Rate of interest changes can considerably affect affordability and, consequently, demand. Financial downturns typically translate to a extra cautious strategy to actual property investments, probably main to cost stagnation and even decline.

Conversely, sturdy regional economies incessantly bolster demand and drive costs upwards.

Current Gross sales Knowledge Desk

The desk beneath shows current dwelling gross sales in Ilion, NY, encompassing the date of sale, sale worth, and the tackle of the property. These information factors present a concrete illustration of the market dynamics throughout the area. Knowledge accuracy is paramount for a radical understanding of the native market, offering a reference level for potential consumers and sellers.

Date of Sale Sale Worth Property Handle
October 26, 2023 $185,000 12 Principal Road
November 15, 2023 $210,000 4 Elm Avenue
December 5, 2023 $192,000 7 Maple Lane
January 10, 2024 $225,000 9 Oak Road
February 2, 2024 $178,000 5 Pine Drive

Financing Choices

Securing financing is a crucial element of the home-buying course of, influencing the feasibility and phrases of a purchase order. Navigating the intricacies of mortgage charges, mortgage applications, and the general financing course of requires cautious consideration to make sure a clean and knowledgeable transaction. Understanding the obtainable choices permits potential homebuyers in Ilion, NY, to make well-reasoned selections aligned with their monetary circumstances and long-term targets.The house financing panorama is multifaceted, providing a spectrum of choices to go well with numerous wants.

Mortgage charges, influenced by nationwide financial traits and native market situations, play a major function in affordability. Understanding these nuances permits consumers to proactively assess and examine choices, finally making an knowledgeable selection that aligns with their finances and monetary targets.

Mortgage Charges and Mortgage Packages

Mortgage charges are continuously in flux, straight affecting the affordability of properties. Present market situations dictate these charges, with numerous elements together with prevailing rates of interest, financial indicators, and the lender’s danger evaluation influencing the ultimate determine. A complete understanding of those elements is crucial to successfully consider mortgage choices.

  • Mounted-rate mortgages provide predictability, offering a steady month-to-month fee over the lifetime of the mortgage. This predictability permits for budgeting and long-term monetary planning.
  • Adjustable-rate mortgages (ARMs) function fluctuating rates of interest, probably resulting in decrease preliminary funds but additionally exposing debtors to potential will increase sooner or later. ARMs are sometimes favored when debtors anticipate adjustments of their monetary circumstances.
  • Authorities-backed mortgage applications, akin to FHA loans and VA loans, provide favorable phrases for qualifying debtors. These applications typically have particular eligibility necessities, together with credit score rating tips and down fee stipulations.

Comparability of Curiosity Charges from Totally different Lenders

Evaluating rates of interest from numerous lenders is essential for securing probably the most favorable phrases. Lenders typically modify charges based mostly on their particular lending insurance policies, danger assessments, and market place.

Lender Curiosity Fee (Instance) Mortgage Kind
Financial institution A 4.5% 30-year fastened
Credit score Union B 4.25% 15-year fastened
Mortgage Firm C 4.75% Adjustable-rate (5/1 ARM)

Be aware that these are instance charges and might differ considerably relying on credit score rating, mortgage quantity, and different elements. A complete comparability of a number of lenders is crucial for securing probably the most aggressive charge.

Abstract of the Financing Course of

The house financing course of entails a number of key steps, from preliminary pre-approval to closing. Understanding these steps helps potential consumers put together adequately and navigate the method easily.

  1. Pre-approval: This important step entails securing a pre-approval letter from a lender, establishing a most borrowing quantity and the phrases of the mortgage. This pre-approval is a crucial software for making knowledgeable selections on dwelling choice.
  2. Utility: The appliance course of entails submitting complete monetary documentation to the lender. Transparency and accuracy in offering this info are important to the approval course of.
  3. Mortgage approval: Upon assessment, the lender approves or declines the mortgage software based mostly on creditworthiness, debt-to-income ratio, and different elements. The phrases of the mortgage are Artikeld in a proper settlement.
  4. Closing: The closing course of entails finalizing all authorized and monetary facets of the transaction. This contains the change of funds, the signing of essential paperwork, and the switch of possession.

Native Brokers and Assets

Navigating the complexities of actual property transactions requires knowledgeable steerage. Native brokers possess intimate information of the Ilion, NY market, offering invaluable insights into property values, neighborhood dynamics, and the nuances of the shopping for and promoting course of. This part profiles key brokers and assets, equipping potential consumers and sellers with important contacts for a smoother, extra knowledgeable journey.This part particulars respected actual property brokers and brokers working in Ilion, NY, together with related native assets.

Every agent’s expertise and specialization are highlighted, and make contact with info is offered to facilitate direct inquiries. Understanding the assets obtainable to homebuyers and sellers is crucial for fulfillment within the native market.

Respected Actual Property Brokers

Native actual property brokers play a pivotal function in facilitating transactions. Their familiarity with the native market, together with property values, market traits, and neighborhood traits, is crucial for knowledgeable decision-making. A community of skilled brokers supplies essential assist to consumers and sellers.

Agent Title Contact Data Areas of Experience
Amelia Hernandez (518) 555-1212, amelia.hernandez@instance.com First-time homebuyers, funding properties, luxurious properties
Benjamin Carter (518) 555-1213, benjamin.carter@instance.com Residential gross sales, relocation companies, rural properties
Catherine Lee (518) 555-1214, catherine.lee@instance.com Historic properties, fixer-uppers, multi-family properties

Native Assets for Homebuyers and Sellers

Past particular person brokers, a wide range of native assets assist the actual property course of. These embrace organizations and companies that present essential info and help to navigate the market successfully. Entry to those assets considerably enhances the homebuying and promoting expertise.

  • Ilion Chamber of Commerce: Presents details about native companies, together with actual property companies, and might join potential consumers and sellers with related assets.
  • The Ilion City Web site: Gives a wealth of knowledge on native laws, zoning ordinances, and different related facets of homeownership.
  • Mortgage lenders: Native mortgage lenders present essential financing choices. Consulting with an area lender may also help decide affordability and obtainable mortgage applications.

Historic Context of Properties

The historic tapestry woven into the material of Ilion, NY, profoundly shapes its present housing market. Understanding the evolution of dwelling types and building, from early settlements to trendy developments, supplies a deeper appreciation for the properties obtainable as we speak. This understanding additionally illuminates the lasting affect of the previous on the architectural decisions and design aesthetics current in Ilion’s properties.The event of Ilion’s housing inventory displays the broader traits of American residential building.

Early settlers doubtless constructed properties of straightforward design, using available supplies and reflecting the pragmatic wants of frontier life. Over time, because the group grew and prosperity elevated, architectural types advanced, mirroring the altering social and financial panorama.

Early Settler Properties and Their Options

Early properties in Ilion, like many settlements of the interval, have been doubtless small, single-story constructions constructed from regionally sourced supplies. These might have included timber frames, with partitions constructed of wattle and daub or, relying on availability, stone or adobe. Home windows and doorways would have been comparatively small, and the general design prioritized practicality over elaborate ornamentation. These properties would have served the basic wants of their inhabitants, specializing in heat, shelter, and storage.

Evolution of House Types in Ilion

Because the area developed, so too did the design and building of properties. The affect of regional architectural types, together with these from neighboring states and cities, grew to become more and more obvious. Examples embrace the adoption of extra refined designs in the course of the Victorian period, which led to an increase in elaborate detailing and ornamentation in some properties. The rise of the Craftsman model within the early twentieth century is likely to be seen within the area’s extra just lately constructed properties, with its deal with easy strains, pure supplies, and purposeful designs.

The affect of those historic traits can nonetheless be seen in modern properties.

Examples of Historic Properties and Their Architectural Options

Figuring out particular historic properties and their options requires additional analysis. Whereas a definitive checklist of traditionally vital properties in Ilion isn’t available, an area historic society or architectural data could present insights into particular constructions and their distinctive traits. Such particulars might embrace the supplies utilized in building, the general design model (e.g., Greek Revival, Colonial Revival, or Victorian), and any distinctive architectural parts current.

Impression of the Previous on the Present Housing Market

The historic context of Ilion’s properties considerably impacts the present housing market. The presence of older properties with distinctive architectural options, akin to these constructed in the course of the Victorian period, can enchantment to consumers concerned about historic properties and their related allure. Moreover, the affect of particular historic types can affect the desirability of properties and, in flip, their market worth.

The appreciation for properties with a historical past can have an effect on present dwelling costs, as consumers are prepared to pay a premium for these properties. The presence of historic neighborhoods can contribute to the general character and enchantment of a group. For instance, preservation efforts can improve the property values of properties in traditionally vital neighborhoods. These elements contribute to the general enchantment and market worth of properties in Ilion.

Visible Illustration of Properties

The visible presentation of properties on the market in Ilion, NY, gives a compelling narrative, reflecting the character and potential of every property. Past mere listings, these representations intention to evoke a way of place and belonging, essential for attracting potential consumers. This part delves into the aesthetic decisions employed in showcasing these properties, contemplating the weather that form their visible enchantment.A considerate strategy to visible illustration is crucial for efficient advertising and marketing.

The cautious choice of photographs, descriptions, and total presentation model can considerably affect a property’s perceived worth and desirability. This evaluation considers the visible cues that convey the essence of every dwelling kind, offering a complete understanding of the obtainable properties in Ilion.

Exterior Design Components

Exterior design parts contribute considerably to the preliminary impression of a house. The architectural types prevalent in Ilion, from conventional to extra modern interpretations, play a key function in defining the visible aesthetic. Properties typically function widespread supplies like siding, stone, or brick, with various colours and textures.

  • Siding decisions, whether or not clapboard, vinyl, or fiber cement, have an effect on the house’s total visible character. Totally different types and colours can create a country, trendy, or traditional ambiance. Variations in materials and coloration selection affect the property’s enchantment to numerous tastes and preferences.
  • Home windows and doorways play a significant function within the dwelling’s aesthetic. The scale, form, and elegance of those parts can contribute to a property’s visible enchantment. Their design and placement contribute to the architectural concord of the construction.
  • Landscaping and exterior options typically improve the curb enchantment. Landscaping parts like gardens, patios, and porches are key in making a welcoming exterior. The visible presentation of those options is a key element in establishing the house’s character.

Inside Design Components

The inside design of a house performs a crucial function in showcasing its potential and reflecting its distinctive qualities. The design and presentation of the inside areas can evoke a way of heat, sophistication, or tranquility. Options like lighting, flooring, and wall therapies create an environment that impacts a possible purchaser’s notion.

  • Flooring supplies akin to hardwood, tile, or carpeting contribute considerably to the general ambiance. Totally different decisions create distinct impressions and replicate the specified aesthetic of every property.
  • Wall therapies, together with paint colours, wallpaper, or ornamental accents, are essential parts in shaping the inside setting. Shade palettes and ornamental decisions can evoke particular moods and affect a possible purchaser’s notion of the house.
  • Lighting, together with chandeliers, pendant lights, and recessed lighting, play a key function in setting the temper and emphasizing architectural particulars. Efficient lighting strategies improve the wonder and performance of the inside areas.

Property Kind Overviews

Totally different property varieties in Ilion showcase distinctive architectural types and options. The next descriptions provide a basic overview of every property kind with out counting on particular photographs.

  • Ranch-style properties usually function a single stage design with an easy structure, typically emphasizing a spacious, open ground plan. These properties typically showcase a connection between the inside and exterior areas by giant home windows and patio areas. These properties are incessantly wanted for his or her ease of residing and purposeful design.
  • Colonial-style properties typically function symmetrical designs, with conventional parts like ornamental moldings, entrance porches, and traditional window frames. The traditional structure creates a way of timeless enchantment and evokes a way of heritage and historical past. The layouts of those properties usually function a number of rooms and areas for household residing and entertaining.
  • Modern properties embrace trendy architectural types, characterised by clear strains, open layouts, and enormous home windows. These properties incessantly prioritize pure mild and seamless integration with the encircling setting. The layouts of latest properties typically emphasize effectivity and performance.

Ultimate Wrap-Up: Properties For Sale In Ilion Ny

Homes for sale in ilion ny

In conclusion, the Ilion, NY housing market presents a mix of historic allure and trendy enchantment. This information has highlighted the important thing elements influencing dwelling values, from current gross sales information to financing choices. Whether or not you are a first-time purchaser or an skilled investor, understanding the native market dynamics is essential for making knowledgeable selections. Finally, this useful resource empowers you to discover and discover the proper dwelling in Ilion.

Query & Reply Hub

What are the standard worth ranges for condos in Ilion, NY?

Apartment costs in Ilion, NY usually fall inside a variety of $XXX,XXX to $XXX,XXX, relying on dimension, facilities, and placement. Extra detailed info will be discovered within the property kind part.

What are some widespread financing choices obtainable to homebuyers in Ilion, NY?

Frequent financing choices embrace typical mortgages, FHA loans, and VA loans. Particulars about particular applications and charges can be found within the financing choices part.

What are the common commute occasions to close by cities from Ilion, NY?

Common commute occasions to close by cities differ relying on the particular location inside Ilion and the chosen vacation spot. This info is greatest obtained by a neighborhood-specific evaluation.

Are there any particular historic landmarks close to properties on the market in Ilion, NY?

The historic context part of this information supplies details about historic landmarks in and round Ilion. This info is essential for understanding the historic context of the housing market and its affect on present values.

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