This house at 23 1st Place is being pitched as a chance to create an owner’s duplex with with two rentals but we suspect that, given the amount of unused FAR, a developer is a more likely acquiror. The asking price of $2,400,000 seems expensive on a per square foot basis for the 3,000-square-foot existing house, especially since this will most likely require a decent amount of work. (By comparison, a slightly larger house at 128 2nd Place sold last spring for just $1,800,000.) Is this high price a function of the current development-friendly way FAR is calculated in this nabe? Think it’s realistic?
23 1st Place [Halstead] GMAP P*Shark