House of the Day: 1441 Dean Street

I think that the beard is throwing you off!
House looks neat....

They were asking 839K a few weeks ago but bumped it up right before the open house. It's a beautiful house --but I don't know that it's worth 849K and I doubt the owner (who is doing the work himself) put anywhere near 200K worth of work into it since June.

Comps on that block sold for mid-600s. Also, the house has forced heat which I hate. So I'd want to change that. Btw, is that standard for Brownstones?

they have 3 offers at asking

yes, I could see this going for closer to $900k. The reno looks really nice from the pictures although without seeing the kitchen and baths it's hard to say for sure. Considering what else is out there in this price range this won't have a problem selling.

i love this house but asking was out of my price range. i think i'll have to give up my dream of owning a bklyn brownstone. :(

The guy with the beard is Mordy Werde. I just bought a place in Prospect Heights from him. I relocated from SF Bay Area. He was the only broker that took me serious (i'm a bit of a goof). As much as people warned me about Corcoran, I will use Mordy again.

But if price is determined by "factors such as location, details & finishes, neighborhood amenities, quality of schools, etc" how can property A be worth 200K more in 6 months in a slow market unless a significant amount of work was put into it? Are you saying that Property A was a steal at the June 2006 price?

ok. fair enough.

if don't like too shiney gloss - easy enough to put another coat of poly that is satin.
I'd think forced air would be a big plus - especially benefit of adding central a/c. And one less water leak to worry about.

Bklyn Boy, some folks can put half down and live in the whole house.

Wow. I remember this place being in on the market for awhile. I was shocked it went for 629,000. That seemed low to me given the beauty of the house. The only problem to me seemed it was too deep into Crown Heights but guess I was wrong. $850,000 seems high to me but I bought in Crown Heights a year ago so it makes me proud--

i was just told by a co-broker that there's an accepted offer.

to putnam-denizen: I started checking out this site when I started looking for a house, thinking it would give me the info and background I would need to make an informed choice. But lately, it really seems more and more a place for brokers to amp up the buzz on a house and increase the prices. It's all fair game—but if that really is the purpose of the site, I'd be disappointed. We don't need more advertising space, even if it's stealth advertising. I'm more partial to the idea that this site is for advocating the care of the architectural heritage of brooklyn.

I would never say this house isn't worth $849K, certainly without seeing it in person, but from personal experience I would advise to buyers please do take very close and nitpicky looks at mechanicals in these flipper houses. Many times the work that was done was merely cosmetic, not done with higher quality labor and materials despite what the seller might claim to have spent. If the mechanicals have not been updated in this house it's not a $849K house, it's a $949K house.

Anonymous at February 16, 2007 11:01 AM
I don't understand your last sentence. Please explain. Thanks!