The beautiful but crumbling wood frame house at 329 Adelphi Street has a new broker and a new price tag. The shingled corner house started out asking $950,000 last May. According to a few people we know who’ve now been inside, though, it needs so much work that that price was unrealistic. The new asking price of $795,000 is still more than the pricing widget called for last go-round, which normally wouldn’t be an issue given the widget’s track record of underpricing by 15 percent or so. In this case, though, we suspect the masses may have some wisdom: An architect we know said you’re looking at a million bucks of work here.
329 Adelphi Street [Ahrlty.com] GMAP P*Shark
House of the Day: 329 Adelphi Street [Brownstoner]