House of the Day: 1171 Dean Street
This four-story house at 1171 Dean Street in Crown Heights just hit the market with an asking price of $595,000 and the full disclosure that it’s a handy-man special. With plenty of original detail, it definitely has potential. Now here’s the weird thing: This house changed hands for $850,000 two years ago according to Property…
This four-story house at 1171 Dean Street in Crown Heights just hit the market with an asking price of $595,000 and the full disclosure that it’s a handy-man special. With plenty of original detail, it definitely has potential. Now here’s the weird thing: This house changed hands for $850,000 two years ago according to Property Shark! So either someone’s taking a serious bath or there’s some mortgage fraud going on. Regardless, it’ll be interesting to see how a how in this condition in this area will sell in today’s market.
1171 Dean Street [Mark David] GMAP P*Shark
This house was just listed for $750 by Brooklyn Atlantic. Saw the listing on Property Shark today.
If Mark David can’t sell it for $595, how will they sell it for $750?
If you buy the house, do they throw in the cat?
4:16, get real. I’ve been living there for years, and I’m not dead yet…..
7:44:
Most murders occur between people who know each other or who are part of gun-toting, knife-wielding social groups or who associate with such groups (unlikely for the kind of people who would buy this house).
By the way, NYC crime and murder statistics are now down to those similar to when I was growing up in Brooklyn (50s – early 60s) — the “age of innocence,” or so the NY press would have us believe.
NOP
That said, I would not have featured a photo of the freakin’ litter box in my listing. Who the hell is this MarkDavid realty company? Sounds like a hair salon.
I’m so over people ignorantly hyperventilating about crime in neighborhoods they want to trash. Stupid. Crime stats are lower in NYC than they have been in decades. 70% of the (very few) murders that happened last year were between people who knew each other and had conflicts. Not random.
Crown Heights is beautiful and has a lot of potential. I don’t live there, but I would.
Ya know, asshats, people get murdered in Beverly Hills, too.
The above poster is correct about crime rates in this area. The 77th precinct has 12 murders so far this year, one of the highest citywide and nearly twice as many as the 75th, which covers East New York and parts of Brownsville.
A short sale is when the property is sold for less than the outstanding mortgage. The bank writes off the remaining mortgage, but does not get stuck holding the property. The seller gets out of the mortgage they won’t pay with a mark on their credit report that is less severe than a full foreclosure. And the buyer usually gets a good deal on the property.
In most states, if a borrower misses three payments the house goes into foreclosure and up on the auction block. In NY state, after three months the house goes into “lis pendens,” then it usually takes about 18 months before it goes to auction. That gives the owner sufficient time to try to sell the property, refinance, or find other options.
I’ll have two of them with strawberries and syrup.