House of the Day: 397 3rd Street, Again

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    397 3rd Street is back with hopes that the red-hot townhouse market will translate into sales success this go-round. As you may recall, four-story house hit the market in September of 2010 with Brown Harris Stevens asking $3,695,000 and was reduced to $3,495,000 before calling it quits; in May 2011, it was back with Corcoran at the same price before the price was trimmed again to $3,295,000. It was taken off the market a year ago, where it stayed until last week when it made its triumphant return with an asking price of $3,795,000. We were in love with this place the first time around and continue to be. The big question is whether the market has bounced back enough to handle this price. It’s possible.
    397 3rd Street [Corcoran] GMAP P*Shark

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