Foreclosure of the Week: 130 Lincoln Road

This one-family house at 130 Lincoln Road in Prospect Lefferts Gardens has been scheduled for foreclosure auction a couple times already this year and has managed to dodge a bullet both times so don't get your hopes up but...it's scheduled again for tomorrow at 3 pm and with a lien of just $245,263 and intriguing architectural features this could be worth showing up for.
130 Lincoln Road [Property Shark] GMAP

Trackback Pings

TrackBack URL for this entry:
http://www.brownstoner.com/mte/mt-tb.cgi/11171

Comments

That's a shame for a house that's worth upwards of 700k

Posted by: Crownlfc at August 26, 2009 12:59 PM

well, happily it's in the HD so we don't have to worry about a tear-down. And that might keep the vultures away from the auction and depress the price. The renoed house a few doors down sold for 1.175 last fall. Price will totally depend on work needed, especially with a frame house.

Posted by: Frederick Law Homestead at August 26, 2009 1:14 PM

Why the crazy talk with the widget? Surely this is going to go for more than the lien price?

From an auction perspective it just means that with a low lien, there's a greater chance of the bank accepting the offer, no? Then it's down to how many people want it on the day.

Posted by: the chicken at August 26, 2009 2:48 PM

Beautiful block, great opportunity for someone. I would if I could. Go check it out.

Posted by: LM at August 26, 2009 4:06 PM

c'mon already with this widget showing $233k. This is a 5000sqft bldg on huge lot (propshark show 100' wide).
Where is BobMarvin already?
Looking at googlemap...nice big houses on this side and large apt buildings on other. Does this side of street have landmark or anything that would drive up cost to fix ?

Posted by: Petebklyn at August 26, 2009 4:31 PM

I could bid half off, but I doubt I could get it. In fact, I can even afford this at ask. I am all talk and no action.

Posted by: ghettoazzpnkbtch at August 26, 2009 4:34 PM

This side is both Landmark and within Lefferts Manor. Must be single family. Almost all the other houses on this side of the block have seen major upgrades in recent years. Some are being worked on now: new roofs, new gardens, new exteriors. It's a great neighborhood. The second block of Lincoln won Greenest Block in Brooklyn this year.

Posted by: kcskrobela at August 26, 2009 5:29 PM

"Where is BobMarvin already? "

What can I add to what's already been said? If I thought for a moment that this house would go for the lien amount, I'd say that it's a great opportunity, but I doubt that this will happen. IIRC the family involved are long time owners--much longer than me. It's a tragedy for them.

Posted by: Bob Marvin at August 26, 2009 5:54 PM

if this has been going on a long time, why is there not a short sale? Even a listing?

I've been looking for a "value" in lefferts gardens, but I hadnt heard of this one outside of the foreclosure.

It's probably not too late to work something out.

Posted by: slick at August 26, 2009 9:30 PM

This is such a clear example of why the widget is so much bs. Too many are just putting down any ridiculous amount below the listed price -- regardless of the facts. (Why? Is that supposed to make you feel better about not being to afford the property even at the auction price point?) Here you have a large landmarked house, likely rich in interior details, situated close to the park and the bbg and major bus and subway routes. No way in hell this house is going to sell below the lien price. At market value, it's at least 3x that amount -- even in this recession.

I just feel so sorry for the family that has lost this home!

Posted by: Brooklynista at August 26, 2009 9:39 PM

Let's hope that the family is able to once again "dodge the bullet" and keep their home. This is not the time for anyone to worry about losing their home and I for one would feel sick to take advantage of their misfortune.

Posted by: galnbklyn at August 28, 2009 1:57 PM

« Brooklyn Food & Drink Round-Up House of the Day: 552 47th Street »

August 26, 2009

Foreclosure of the Week: 130 Lincoln Road

Trackback Pings

Comments

Post a comment

Latest Restaurant Additions