House of the Day: 404 Bergen Street
This one makes us feel old. 404 Bergen Street was an Open House Pick back in January 2006 when it was listed for $1,495,000 and then popped up in a sales recap in August when it sold, in a bidding war presumably, for $1,626,000. Now it’s back with a very 2012 asking price of $2,275,000….
This one makes us feel old. 404 Bergen Street was an Open House Pick back in January 2006 when it was listed for $1,495,000 and then popped up in a sales recap in August when it sold, in a bidding war presumably, for $1,626,000. Now it’s back with a very 2012 asking price of $2,275,000. The interiors are lovely, so we assume the sellers put some work into the house, but there are no DOB filings so we’re not sure how big a reno it could have been. In fact, it’s such a beautiful house that, prices being what they are today, it actually looks a little cheap for Park Slope. Call it the Barclays Center discount–the arena is just two blocks away.
404 Bergen Street [Brown Harris Stevens] GMAP P*Shark
This is my childhood home. My parents were the ones who sold it in 2006 when i was 16, I believe they bought it back in the early 70’s and put major renovation efforts into it. I stumbled upon your blog looking to see about it’s latest sell. It never had the white walls or modernized furniture, it had a very old school brick home feel to it which I loved. It was a wonderful home to grow up in and gorgeous inside and out, my parents put a lot of work into making it the place that it was. Like any brownstone or home in NYC it had it’s pitfalls but otherwise it was a brilliant beautiful place to grow up. I miss it very much and I only hope the people who live there now will appreciate all it had to offer like it did for me. I especially miss the backyard/patio in the summertime running and giggling throughout the sprinklers or digging for worms. Such warm memories, hope this brings insight to this home, although I know this post is 2 years later 🙂
Who’s paying 4.5%? You can get a 30 yr fixed jumbo for under 4% these days, and an ARM for under 3%. The loans are practically free these days. For those who qualify, you can thank the fed for the current boomlet.
yeah under 4% in some cut and dry cases. if you own other property then you will definitely be paying extra. iron skull is talking like rates are still at 7%.
yeah under 4% in some cut and dry cases. if you own other property then you will definitely be paying extra. iron skull is talking like rates are still at 7%.
Who’s paying 4.5%? You can get a 30 yr fixed jumbo for under 4% these days, and an ARM for under 3%. The loans are practically free these days. For those who qualify, you can thank the fed for the current boomlet.
Ironballs, this was my home growing up. My parents bout it in the early 70s (I believe could’ve been earlier), and as a major fixer upper they put a lot of work into it and I mean A LOT of work into it, before selling it in 2006 for the priced amount, which should’ve been more considering how much went into making it such a beautiful home over the decades. The brick was always clean, the front walk was always beautiful, they worked tirelessly to make sure it was a stunning home and it was, you should’ve been there for the open house, it was magnificent. My parents are far from filthy rich, but they are from an older generation (I am almost 24 they’re in their 60s & 70s), so they grew up in an era where they understood the value of a dollar. Idk what the new owners did to it, but as we know with any sell, if you continue to put money into something as upgrades, it’s bound to increase market value, and i’m sure there were upgrades they did to the place and a targeted population to put it at that price point,but my house was outstanding and it isn’t cheaper to rent. My parents are skilled at buying and selling, and I’ve learned from my own personal experience that renting will burn you out very quickly and easily screw you over.
they should call you iron skull because you just don’t get it.
it sounds like you don’t even know today’s mortgage rates. 4.5% on $1.5 is $7,600. then you have depreciation, a mortgage interest deduction and APPRECIATION! if you decide to sell in a few years you’ll have most likely lived for free and made a few hundred grand.
interest only? i didn’t say interest only. if you meant only 4.5% interest that’s a different story and very debatable.
ironballs, did you see 377 grand? now that one is crazy expensive.