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October 31, 2007
House of the Day: 72 Rutland Road
This four-story limestone house at 72 Rutland Road is on one of the best blocks in Lefferts Manor and has plenty of nice original detail ("6 Fireplaces with Mantels, Built-in Shutters, Pocket Doors, Parquet Floors & Beautiful Mirrors with Amazing Wood Work," says the listing) going for it. The kitchen's a tough sell, though, and the bathroom decor's not going to be for everyone. Seems to us that any house in this area asking $1,525,000 should be close to perfect on every account. Think they've got a shot at that price?
72 Rutland Road [NY Times] GMAP P*Shark
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Comments
That sofa reminds me of my Grandmother. She used to wrap up her furniture in plastic, too.
Posted by: guest at October 31, 2007 1:32 PM
is that plastic on the couch??
Posted by: guest at October 31, 2007 1:32 PM
If they expect to get that kind of dough in PLG they should spend some money and properly stage the house. Get rid of grandma's old furniture and air the place out. This one is going to be sitting on the market for a while.
Posted by: guest at October 31, 2007 1:37 PM
Haha! Plastic wrapped furniture.
Man that sucks in the summer. In the heat your skins sticks to that stuff and getting up means peeling yourself off!
Posted by: Mamacita at October 31, 2007 1:38 PM
I don't pay 1.5 million dollars for a home in which someone can't even take the time to unwrap their couch from saran wrap.
Doesn't matter how nice the home is.
It shows that they don't think they need to do a damn thing to get their home ready to sell.
Thus are greedy.
No thank you.
Posted by: guest at October 31, 2007 1:40 PM
The sofa (and other decor) IS horrendous, but that should not detract from the house itself. A coffin in the living room of a house on a prime street of PS, BH or CH would not equate a decrease in sale price.
Posted by: North Sleeper at October 31, 2007 1:44 PM
isnt that the black side of the park?
Posted by: guest at October 31, 2007 1:45 PM
the seller obvioulsy needs some taste
josephine
-jcondo resident
Posted by: guest at October 31, 2007 1:45 PM
Yeah, that makes sense. Even if you otherwise could be interested in the house, you won't be because the current owner's couch is wrapped in saran wrap. I'm not sure, but rumor has it that the current owner is insisting that any purchaser not only keep the couch on the parlor floor, but keep it wrapped in saran wrap. It's a condition of the sale. Not.
Posted by: PPSer at October 31, 2007 1:47 PM
1:40, if you won't buy a house from someone who's trying to get the most money they can from the sale, then you're never going to buy a house.
Posted by: z at October 31, 2007 1:48 PM
I agree that the kitchen and bath don't warrant this price. also, being a 1 family i would think hurts too. most people need added income from rental apt which could be added in the garden, but that means more money. i say $1.2m and you convert the garden, add a nice kitchen on the parlor. doesn't say anything about updated electric or plumbing either.
Posted by: guest at October 31, 2007 1:51 PM
GUEST 1:45-plese tell me that its a typo and you really meant to say back, you can't possibly be that stupid.
Staging is for tv or for buyers that have no imagination.
And Josephine you need some taste or some self esteem if you have to list yourself as Jcondo resident.
Posted by: guest at October 31, 2007 1:54 PM
Getting the most money from your house is one thing.
Pricing it well above what comps are right now and then keeping your place a pigsty is another.
Posted by: guest at October 31, 2007 1:54 PM
It may be one of the best blocks in Lefferts Manor, but it's also one of very few blocks in Lefferts Manor.
The Manor is a neat little enclave in Prospect Lefferts Gardens and I sense that not every Sloper, for example, would feel comfortable there.
Me, I prefer LM because it's much more diverse than the Slope. Walking along Flatbush Ave., for example, right off Rutland is like strolling along a bit of Kingston (which would be Kingston, Jamaica, mon, not Kingston Avenue).
Brooklyn Ron
Posted by: guest at October 31, 2007 1:55 PM
No,no, no, this is exactly how you DON'T sell in this market.
Everyone is right - get rid of the fake Belter furniture, or at least take the plastic off, and move this monster out of the center of the room. Declutter and make the place spotlessly clean and shiny.
That kitchen is hopeless. Declutter and reduce the selling price.
For this amount of bucks, woodwork should have been stripped. Reduce price more.
It's a nice place, but a real fixer upper. Since PLG is pricier than say, Bed Stuy, I can see them asking a million. Whether or not anyone will bite? Who knows?
Posted by: guest at October 31, 2007 1:56 PM
I agree with others, this price is high considering how much work this place needs. I would guess given the state of the house that no real work has been done in decades which means the new owner will need to update the electrical, plumbing, heating, roof etc etc. One could easily spend several hundreds of thousands of dollars to update this house.
Posted by: guest at October 31, 2007 2:03 PM
When I see a house, I know I'm not getting their furniture, or their taste, but I am getting the rooms, the floors, etc. It would be nice to see them, and to get a sense of what I can do in the space, and what kind of repairs need to be done, etc.
If for that reason alone, someone needs to advise the seller that less is more. Personally, I can see beyond all of the surface stuff, but judging from most of the comments, a lot of people can't. If you want to sell your house for the most money in this market, a seller needs to show their house in the best light. These people, unfortunately, didn't do that. If you are going to ask over a million and a half dollars, you need to.
Posted by: guest at October 31, 2007 2:08 PM
no, i meant to say black side of the park
obvioulsy i'm correct
Posted by: guest at October 31, 2007 2:13 PM
conversely, from a buyer's perspective, poorly-staged homes are bargain opportunities, precisely because so many people (as evidenced in this thread) can't or won't use their imagination to see a property's potential.
Posted by: z at October 31, 2007 2:15 PM
no, i meant to say black side of the park
obvioulsy i'm correct
Posted by: guest at October 31, 2007 2:13 PM
actually you're an cowardly anonymous asshole.
Posted by: guest at October 31, 2007 2:21 PM
This looked rather familiar, and then I realized my house was originally set up almost identically on the parlor floor. Interesting. This is a nice house, and like z said, would be a potentially great house, after restoring it to its original glory. Stripping some or all of the woodwork, taking the bathroom back to the original - I can see the border tile looks original, along with the tub. You have the original butler's pantry, and probably lots of other goodies in there, like the dressing room sinks. But needs mega work. Kitchen is way scary.
But....needs complete mechanical update, I'm sure, along with a great deal of tlc. This is my kind of place, but waaaayyyyy over my pay scale. An intact one story of this size is rare in any neighborhood. I predict it will sell eventually, but not at this price. Maybe for a million, million one.
Posted by: Montrose Morris at October 31, 2007 2:27 PM
Meant intact one family, not one story.
Posted by: Montrose Morris at October 31, 2007 2:30 PM
this is the black side of the park.
someone even said it was like being in kingston.
whys everyone getting all pissed.
house looks great but why not just buy in crown heights
Posted by: guest at October 31, 2007 2:36 PM
i would have to say that Kingston, Jamaica is about as diverse as Bozeman, MT.
Posted by: guest at October 31, 2007 2:38 PM
this is the black side of the park.
someone even said it was like being in kingston.
whys everyone getting all pissed.
house looks great but why not just buy in crown heights
Posted by: guest at October 31, 2007 2:36 PM
You know why, jerk. Quit trying to be cute, hiding behind your anonymity. You wouldn't say that in a neighborhood meeting in PLG, so don't say it here.
Posted by: guest at October 31, 2007 2:44 PM
Is that 1960's wood paneling in the dining room? Aroud the real wood cabinet???
Agree with all of the above. Good potential. Needs major work. For Leffert Manor I'd say 1.1M tops. As far as I know the highest price ever in the area was the super duper triple mint much nicer townhouse on Midwood (which is a much much nicer block) for 1.6M. So in this market this houe might get the asking price after a massive renovation. As it is now, it really shouldn't be more than 1M to leave room for all the needed work. Will be interesting to watch.
Posted by: guest at October 31, 2007 2:44 PM
so its ok to say that park slope is white but not ok to say PLG is black?
Posted by: guest at October 31, 2007 2:48 PM
liberal white guilt strikes again!
Posted by: guest at October 31, 2007 2:57 PM
I am in agreement with most of the comments here regarding the unkempt and thrift-store aspect of this house (i.e., "Saran wrapped couch, outmoded kitchen, clutter, etc..), however, the onus lies on the broker to better present and price the house. I would hope that the broker is a church buddy of the seller and is doing this gratis. Coming from a broker, I was eagerly tempted to point this listing out so as to illustrate the cardinal errors of an untutored FSBO seller.
This is not to cast aspersions on Lanixter Realty, but really...
If this is the standard fare in Mom-and-Pop brokerage, I now see why most on this site so vehemently rail against brokers their exorbitant fees.
Posted by: guest at October 31, 2007 3:12 PM
Brooklyn Ron:
You like strolling in LM because it's diverse and reminds you of Kingston, Jamaica. And you just happen to note that "not every Sloper, for example, would feel comfortable there."
Because people who live in Park Slope instead of Lefferts, we all know, are a bunch of racists.
How self-congratulatory and obnoxious.
Posted by: guest at October 31, 2007 3:13 PM
Yo Fucktards. The Fed cut .25 basis points. Say hello to 4.00 gas and other high shit.
1.5 million in Lefferts Manor, yeah that shit will fly. The American way of life is being fucked right in front of your eyes.
Read this
Buffett Testifies That He Saw Early Signs of Freddie Mac's Woes.
http://www.washingtonpost.com/wp-dyn/content/article/2007/10/30/AR2007103002292.html
Very soon no one is going to fund this shit!
Flame on bitches!
The What
Someday this war will end...............
Posted by: guest at October 31, 2007 3:36 PM
As someone who would not be comfotable living in Lefferts Manor, I don't have a problem with the implicit self-rightousness of those who are. It's true, I don't want to live in a mostly West Indian area with stores that cater to West Indians and with people hanging out on the street at all hours. It's true. Does that make me a racist? Perhaps. So what. If you're comfortable with that, good for you. Does that make you a better person than me? Perhaps. So what. We are what we are.
Posted by: guest at October 31, 2007 3:39 PM
U see: Fugly kitchen and bath. I see: kitchen with built ins, original doors, tin ceiling and real wood cabinets you can transform (or maybe they are just stained plywood). Bath=stained glass, pedestal sink, antique toilet. Ok, it needs updating and the price is aggressive, but I'd prefer this over new shite any day! And I do mean high end shite.
Posted by: rh at October 31, 2007 3:42 PM
I am in agreement with most of the comments here regarding the unkempt and thrift-store aspect of this house (i.e., Saran wrapped couch, outmoded kitchen, clutter, etc..), however, the onus lies on the broker to better present and price the house. I would hope that the broker is a church buddy of the seller and is doing this gratis. Coming from a broker, I was eagerly tempted to point this listing out so as to illustrate the cardinal errors of an untutored FSBO seller.
This is not to cast aspersions on Lanixter Realty, but really...Shame on you!
If this is the standard fare in Mom-and-Pop brokerage, I now see why most on this site so vehemently rail against brokers and their exorbitant fees.
Posted by: guest at October 31, 2007 3:42 PM
Birds of a feather flock together.
It's been that way since the beginning of time and will be that way till the end of time.
Saying you're white and love living in a mostly black neighborhood is an anomoly. It doesn't mean everyone else is racist.
It means you are unusual.
Posted by: guest at October 31, 2007 3:43 PM
Funny all the nannys in PS live in this area... back in the 50 and 60s all the nannys in BH and UES lived in PS. We keep pushing the nannys out... What's up with that? Who is going watch these PS babies?
Posted by: guest at October 31, 2007 3:45 PM
The topic here is the "house of the day." No one gives a shit about your wants and needs.
Posted by: guest at October 31, 2007 3:45 PM
I frequently stay away from the jewish, puerto rican, caucasian midwestern, african american, and anything near the middle east side of Park Slope/ Lefferts. I'm glad to see that other people like myself have yet to evolve, where would we be,what would we do if we didn't have idiots, and idiots bashing other idiots for being idiots, it all starts at birth.
Posted by: guest at October 31, 2007 3:53 PM
3:43: "Saying you're white and love living in a mostly black neighborhood is an anomoly."
Unless black people love you...
http://blackpeopleloveus.com/
Posted by: guest at October 31, 2007 3:58 PM
PS was filled with irish and italians killing each other in the 50's
Posted by: guest at October 31, 2007 4:08 PM
This house has great potential. I think It will go for abt 1.2....Yeah the kitchen needs a do over but that way you get what YOU want. Only thing is Im not crazy abt PLG. I prefer Crown Heights personally, where I live (the other black and quickly gentrifying side of the park).....
Posted by: guest at October 31, 2007 4:13 PM
that's hot.
Posted by: guest at October 31, 2007 4:14 PM
Neither Crown Heights nor PLG are good investments at these prices at this point in time.
You're better off with Kensington or Windsor Terrace is you want to buy in a slightly fringe neighborhood.
Posted by: guest at October 31, 2007 4:20 PM
I wouldn't buy in Kensington now either. All of the fringe areas are about to have serious price declines.
Posted by: guest at October 31, 2007 4:26 PM
Kensington and Windsor Terrace has no beautiful brownstone like crown heights and Bedford Stuyvesant. The Brownstone Architecture in CH and BS has more appeal and character Kensington and WindsorTerrace... The same architects in PS like Montrose Morris etc... are the same architects that designed the grand brownstones in CH and BS in the 1880/1890s...
Posted by: guest at October 31, 2007 4:30 PM
I think the "fringe areas" are going to better because more people are going to be able to afford to live there...
Posted by: guest at October 31, 2007 4:32 PM
The fringe areas always take a dive in bad economies, 4:32.
It's a no brainer.
People will want to center around Carroll Gardens, Park Slope, Brooklyn Heights as much as possible.
Posted by: guest at October 31, 2007 4:41 PM
I would not want to buy a apt in caroll gardens or park slope and get a large house in crown heights... It seems like everyone on here looks down the block but never looks at long road. Prices are not going to go anywhere for awhile.. Maybe asking prices are going to stand still... But the house SELLS are not going to go down anywhere in NYC
Posted by: guest at October 31, 2007 4:50 PM
hey 3:39
As someone from the Carribean (or West Indies if you must), we generally shop in the same stores as american-born americans. My diet does not consist solely of pineapples you know. Go to Jamaica, guess what the stores have: the same damn stuff as stores here. Yes the curry is more prominently placed in JA stores, but all the products are essentially the same.
And we don't all congregate on the street all night. That's more of a 5th ave in PS type thing
Posted by: guest at October 31, 2007 4:50 PM
in an easing market, it's going to depend on the specific house and specific pricing.
this one might be a tough sell, for all the reasons posters mentioned.
but another house in lefferts might sell right away if it is in the right condition and on the right block.
the haters who don't want to be in PLG, they aren't going to buy there anyway.
but there is a big group of people who want a beautiful brownstone near the subway and park, but can't afford 2.5M for park slope or even prime prospect heights.
I love crown heights and bed-stuy, but they are not for everyone and they don't have the park.
Posted by: guest at October 31, 2007 4:56 PM
"But the house SELLS are not going to go down anywhere in NYC"
That is absurd. Prices in all but the primest areas will go down as the ecomony weakens, Wall street bonuses fall, Wall Street firms lay off more and more people, and the ecomonmic pain trickles to other sectors. Prices in every major urban center have declined 10-30% in the last year--NYC will have a lot less pain, but to think that we'll completely avoid it is silly.
As for "fringe" areas, most people who buy there do so because that's all they can afford. As prices in more prime areas drop those people who would have bought in Lefferts Manor (for example) will buy somewhere more "developed" instead.
Posted by: guest at October 31, 2007 5:02 PM
Bueautiful house on a great block which has probably the most active block association in Lefferts Manor. However, the broker, Lanixter Realty, is one I've never heard of and they appear to know nothing about staging. I suspect that they are familor with neither PLG/LM nor brownstone Brooklyn, in general.
My impression is that other houses in LM which have gotten similar prices in LM have needed considerably less work.
BTW, an interesting thing about PLG is that the area, which certainly has a black majority (and has been integrated for upwards of 50 years), has always also had a large number of white homeowners. Many whites remained through the worst block-busting excesses in the '60s and the neighborhood has attracted people of all races since long before I moved here in 1974. No reason for anyone to feel out of place here. .
Posted by: Bob Marvin at October 31, 2007 5:09 PM
Most everyone who loves these old homes would buy in Park Slope if they could afford it.
If it becomes less expensive, there will be tons of brownstone owners flocking to get a piece of the action there.
It's just a fact.
Posted by: guest at October 31, 2007 5:09 PM
If the market gose down PS homes will be off the market only time that you will see a house on the market if some old long term resident dies... All those bankers are going to wait 3 years before they sell... once the market gets back to normal... Then PS townhomes will flood the market again with 6 million dollar homes this time...
Posted by: guest at October 31, 2007 5:29 PM
"However, the broker, Lanixter Realty, is one I've never heard of and they appear to know nothing about staging."
Or pricing.
Unless I'm mistaken only 3 houses (perhaps 4?) in Lefferts Manor have ever sold for 1.5M or above. And those were far nicer homes in far better condition and on more desireable blocks. This is just a case of a realtor who doesn't know the area trying to get more than is viable. As many others have said, this should sell for around 1M to 1.1M.
Posted by: guest at October 31, 2007 5:30 PM
I am in agreement with most of the comments here regarding the unkempt and thrift-store aspect of this house (i.e., Saran wrapped couch, outmoded kitchen, clutter, etc..), however, the onus lies on the broker to better present and price the house. I would hope that the broker is a church buddy of the seller and is doing this gratis. Coming from a broker, I was eagerly tempted to point this listing out so as to illustrate the cardinal errors of an untutored FSBO seller.
This is not to cast aspersions on Lanixter Realty, but really...Shame on you!
If this is the standard fare in Mom-and-Pop brokerage, I now see why most on this site so vehemently rail against brokers and their exorbitant fees.
Posted by: Broker J "(Broker To The Savvy") at October 31, 2007 3:42 PM
Posted by: guest at October 31, 2007 5:43 PM
The people who are saying this place is overpriced are right.
But the people who are claiming it should go for 1 or 1.1M are out of their minds.
No way a nice 4-story house (and it is a nice house, plastic on the couch or no) on this block goes for less than $1.2 or 1.3.
The people saying otherwise just don't know the market.
Posted by: guest at October 31, 2007 5:54 PM
Can someone call Lanixter Realty and let them know that WE have spoken!
Patricia Frdinand
718-625-3990
Jerome Anixter
718-625-3990
Posted by: guest at October 31, 2007 6:01 PM
If the market is slowing, and people can't afford Park Slope, Cobble Hill, Bklyn Hts, etc, plus not everyone is interested in Park Slope, etc, no matter what the prices, then it stands to reason that so-called fringe neighborhoods would thrive. I would be bullish on Bed Stuy, Crown Heights, PLG, because this is where people will be looking to buy, n'est ce pas?
Posted by: guest at October 31, 2007 6:04 PM
I have a buyer that is willing, ready and qualified to pay asking, but alas, they do not co-broke. Come on guys share that $91,500!
Posted by: guest at October 31, 2007 6:11 PM
THANK YOU 6:04!!!!! Everyone dose not want to live in a 3 million dollar house in PS when you can get the same house in a Fringe area for less than half. This PLG is the same house style as this one on http://www.townsleyandg.com/ North Slope 4 Story, 2 Family Brownstone! (property number 98). I have the same house minus the plastic couch that I brought last year for 700K in prime Stuyvesant Heights with tons of detail.
Posted by: guest at October 31, 2007 6:24 PM
What I think a lot of my fellow bloggers are not realizing is this house is probably owned by the same hard working couple who purchased it 50 years ago. Half of our parents were not even dating when this family had a home fully furnished with the latest furniture of their time (blessed their hearts)and now like most elderly are leaving to make room for a new, insensitive, spoiled generation of misfits like us. If the furniture is any indication of their materialism, they probably would be happy with $500k, but brokers are not in the happiness business, Besides this is a capitalist society and they should get the most for the house. If you cant afford to buy it, just move on. But nobody deserves to win more than these people who has weathered the storm of these promising neighborhoods while our parents ran us to the suburbs surrounded by power plants.
Posted by: guest at October 31, 2007 6:38 PM
yes, you might pay half for a house in bed stuy or plg.
and you get half as good a neighborhood.
and that's being generous.
ever heard the saying..you get what you pay for??
Posted by: guest at October 31, 2007 6:51 PM
Let's hope this house can sell for this price. Let's hope the real estate broker will not cause the sellers to sit around waiting and wating their time for ages.
Sad.
FG/GL
Posted by: guest at October 31, 2007 7:31 PM
I can afford to live in Park Slope, but I choose not to because it is overpriced and filled with ignorant, racist white people would are stupid enough to say "black side of the park." What planet are you from?
That said, the price is too high regardless of the decor.
Hey, The What, the war is over. You can retire now. Have you found a job yet?
Posted by: guest at October 31, 2007 7:48 PM
1:51,
You wrote:
"most people need added income from rental apt which could be added in the garden, but that means more money. i say $1.2m and you convert the garden, add a nice kitchen on the parlor. "
Not in Lefferts Manor--single family covenant plus R-2 zoning along with residents who want to keep it that way (represented by the Lefferts Manor Association,which has existed to inforce the covenant since 1919--when the Lefferts family finished selling off their land and left the scene).
Posted by: Bob Marvin at October 31, 2007 7:50 PM
6:38PM you have a good head on your shoulders, and more important, a good and warm heart... bless you!
Posted by: bren at October 31, 2007 8:22 PM
6:38 - great point! I hope the owner(s) of this home is not reading some of this useless crap written here today - calling them tasteless etc because of their choice of furniture - all uncalled for when discussing the value of real estate. But it's a free world...say what you will without consideration - karma, is a b***ch, and you or your loved ones too may be subject to this sort of harsh personal criticism when you're older and "out of taste".
That stated, I think the house is overpriced for the location and the apparent work needed to bring it current while maintaining the original pluses. The broker/seller should consider decreasing the price if they are serious about selling AND spruce up the place some (if possible) to be more inviting to today's potential buyers.
Posted by: guest at October 31, 2007 8:26 PM
somehow i think someone asking for 1.5 million dollars (so blatantly overpriced) in this day and age knows EXACTLY what's going on.
don't be so naive.
oh and 7:48 or shall i say...the most ignorant post here....
1. the war is not over
2. the person who made the black park comment may or may not be from park slope.
your assumptions and incorrect statements show what a complete moron you are.
Posted by: guest at October 31, 2007 9:00 PM
6:04, fringe areas always fall hardest in a slow-down. People who might have bought there buy closer to where they really want to be. I'd be bulllish on the fringes of the slope, Boeurum Hill, Fort Greene. I'd avoid PLG, Crown Heights, Bed Stuy, 'cause those are the places that will be hit hardest.
But even if the market thrives, this house shouldn't fetch more than 1.1 Milion. 1M gets a mint two story on a better block and 1.3M gets you a triple mint 3 story on a nicer block in Lefferts Manor. Even the extra-wide mansion on Bedford/Rutland sold for 1.3--and that was huge, beautifully renovated, and had a garage. This listing is way overpriced.
Posted by: guest at October 31, 2007 9:42 PM
You've got to be kidding me. I actually love the anonymity of this site because it truly allows people to reveal their true colours. Does it really matter what the couch looks like? Do you have any imagination whatsoever? Could you possibly imagine what this place might look like sans the sofa and other furnishings? Does it really need that much work??? Paint stripping? Repainting? Whoop de-do. Details look relatively intact to me. Do you not see that this is a four freakin' storey beautiful limestone building located minutes from the park and all of the restaurants, etc that Park Slope, etc. has to offer?
I agree with the poster who implies that this home is likely owned by a family who bought it long ago, took pride in their then-a la mode furnishing. And still do- in fact they preserve it with plastic coverings! Excited as broker informed them how they might get for the place. Perfect for retirement! Why should they ask for less? Because their sofa or decor is not au courant???
Also- does old fashioned/thrift store sofa + filth??? Place does not look particularly dirty to me.
Posted by: guest at October 31, 2007 10:15 PM
Verrry "Growing Up Gotti"!
Posted by: Rehab at November 1, 2007 1:27 AM
I have to say that I live in PLG and I think this price is crazy. The same money will purchase a similar house in a superior neighborhood.
Posted by: slick at November 1, 2007 4:05 AM
who said that the people who said "black side of the park" live in park slope? Aside from what people say Park Slope is just as diverse as any other place it just so happens the rough "majority" of the residence are white. Just as the majority or crown heights residences are black or the majority of residence in sunset park are latino.
Theres public housing in many parts of park slope (st. johns between 5th and 6th for example) and many home owners of different back grounds and races. These things dont bother the residence of Park Slope.
its however expensive as shit which sucks but so is every other part of the city.
so next time you're feeling uncomfortable in park slope because your black you must be retarded. Go to Howard Beach and deal with those old Italians.
Posted by: guest at November 1, 2007 8:09 AM
You haters who love to trash the prices of houses are really wasting everyone's time.
Bid 1.3M for this house and you won't get it.
That's a fact.
It doesn't mean it's a good deal or that I love their plastic couch or that you should move there with your 2.3 kids from Park Slope.
It means that's what the market says the place is worth. That's what we're supposed to be talking about.
How come no one admits that they were the one that said "you won't get more than X" for this place or "no one will pay X for that wreck" after the owners get their price?
It's probably the same people who passed on the same houses at half the price a few years back.
Posted by: guest at November 1, 2007 1:26 PM
Hey Mamacita - no kidding! It used to take about 10-12 minutes to separate from Grandma's couch on hot summer days!
Posted by: guest at November 1, 2007 2:07 PM
Crown Heights is a great place to live, period. It has problems like anywhere else, but the home I purchased there is a great investment, mainly because may family and I are comfortable and happy there, even more so than when we rented in Park Slope and Prospect Heights.
Posted by: guest at November 1, 2007 2:21 PM
Of course you are.
You own now. You have to love it and spread the word, or else you're in the hole a million dollars.
Posted by: guest at November 1, 2007 2:27 PM
You guys are insensitive jerks! West Indian old school people tend to put plastic on their furniture. I am tired of this blog and your insensitivity to other cultures. I hope the black people in the areas you want to live in wake up and decide that their houses are worth something and stop selling to you then let's see how much their furniture disturbs you jerks
Posted by: guest at November 1, 2007 2:35 PM
"You have to love it and spread the word, or else you're in the hole a million dollars."
No, not exactly. I love it because I actually love it, and I'm in pretty good shape equity-wise, so I'm not "in the hole" a million dollars. I actually like the place. Sorry to disappoint you.
Posted by: guest at November 1, 2007 2:35 PM
"Bid 1.3M for this house and you won't get it. That's a fact."
Wait 3-5 months and you'll get it for 1.1M. Check the sales of the other "small fry" firms' listings. House on Rutland, house on Midwood, house on Lincoln--they all started really high and sold for 3000-400K below the initial asking. Those listings--like this one--are unrealistic. BHS or even Corcoron would never have lsited this house this high.
Posted by: guest at November 1, 2007 3:10 PM
"You guys are insensitive jerks! West Indian old school people tend to put plastic on their furniture."
Yeah, I know. I'm black. My Grandma was from Barbados!
1:32 PM, 10/31
Posted by: guest at November 1, 2007 5:22 PM
"House on Rutland, house on Midwood, house on Lincoln--they all started really high and sold for 3000-400K below the initial asking."
That's correct. The house on Rutland Road that was listed by Century 21 started at $1,150,000 and sold for $750,000 (per Property Shark). That is a $400,000 drop!
Posted by: guest at November 1, 2007 6:03 PM
A different house on Rutland (gut renovated, but sadly removed of most original details) just sold for significantly above it's asking price of $1.225MM.
See 146 Rutland on streeteasy.com or natefind.com.
Closed at the end of September, significantly above its $1.225MM asking price.
Not at all saying that 72 Rutland is worth anywhere near what they are asking, but I would agree with 1:26p that this one goes above $1.3MM, especially since 146 Rutland is more comparable than the tiny, horrendous dump on Rutland that 6:03pm uses for an inaccurate comparable.
Posted by: guest at November 1, 2007 9:07 PM
I wasn't using the $750,000 as a "comparable," I was pointing out that these small realtors always price houses far too high and then the prices drop significantly. And that house was not a "small horrendous dump." It was a three story brick with a gorgeous exterior, loads of original details, about 3,000 square feet, and a garage. It needed major work, but it was a very nice house (yes, I saw it).
As for 146, I saw that too and it was completely renovated. I'm sure this house could sell for 1.3M or even 1.4 if it were completely renovated too, but it is not. And 146 is on the the second block of Rutland, which is far more desireable than the first. I'll bet this goes for 1.1, as others have said.
Posted by: guest at November 1, 2007 11:31 PM
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