We’ve got no hard evidence, but it feels to use like there’s been about a 10% correction in asking prices. Even though this place needs work, we feel like six months ago this would have been asking over $2 million, now it’s $1.875 million. As is typical of houses in the area, this one has original wide-plank floorboards; it’s also got tin ceilings, pocket doors and 6-over-6 windows. It also has the favored lay-out right now: Kitchen at rear of parlor floor with a deck with stairs leading down to the garden. One catch: it’s currently a legal one-family being used as a two-family. As we understand it, you can go the other way (legal 2 used as 1), but it’s not to code to have an extra apartment, along with an extra kitchen. Anyone seen it? It would be interesting to know how much TLC it really needs.
State Street Townhouse [Brown Harris Stevens]