House of the Day

While in some ways it doesn’t really matter, it’s hard not to get hung up on the fact that this house at 250 Lefferts Avenue changed hands 18 months ago for just $495,000 and is now asking $879,000. We’re not sure how much (if any) work was done in the interim, but if it involved those kitchens, they should have saved their money; the house would show better with old run-down appliances than with these Home Depot specials. When you compare it to last Thursday’s HOTD, 181 Midwood Street, this place looks a bit overpriced, in our opinion, despite being a bit larger. While the Lefferts Avenue house was probably at one point on a par with the Midwood house, it appears to have had a tougher life. Luckily, some redeeming original elements survived and with some renovation CPR this could still be a very nice place. But it deserves a discount to the Midwood house of more than $46,000, we suspect. Agree? It would be helpful to know what the contract price was for 242 Lefferts Avenue just down the block.
250 Lefferts Avenue [Aguayo & Huebener] GMAP P*Shark

The three-story (well, two and a half, really) limestone house at 181 Midwood Street just hit the market this week for $925,000. While it may not look like a bargain on a per square foot basis, this four-bedroom place feels pretty realistically priced to us, given that it’s on a great street and in excellent shape. We’re kinda curious about the open layout in the front of the parlor floor. Is it typical of houses on this street to have not have a wall separating the entry hall from the front sitting room? For the curious, there’s an open house on Sunday from 3 to 5.
181 Midwood Street [Brown Harris Stevens] GMAP P*Shark
Photo by Nicholas Strini for Property Shark


This modest brick house on Webster Avenue in Kensington could be an interesting option for someone looking to his (or her) own house for the price of a basic two-bedroom on the other side of the park. While the exterior is quite charming, the interior is unlikely to win any hearts. It looks like all the details are gone. The floor-to-ceiling mirrors and wall-to-wall carpeting are easily dealt with. There’s quite a deep back yard too. For $650,000, we bet this will find some interest. The only other things at this price are in the less-desirable parts of Bed Stuy and typically need a lot of work. The plumbing and mechanicals are allegedly in good working order. Thoughts?
173 Webster Avenue [PLS Realty] GMAP P*Shark
Photo by Kate Leonova for Property Shark


This limestone house on 47th Street in Sunset Park looks lovely in every way — except for the price. Nice original moldings, fireplaces, floors, you name it. But given that this is only three stories and the kitchens and baths still need some work, $1.2 million seems like a pipe dream. Then again, this place definitely has enough character that some buyer burned out on seeing crappy places in the South Slope for the same price might just say uncle and hit the offer.
Sunset Park Limestone FSBO [Craigslist] GMAP P*Shark


Is it just our imagination or have there been a number of $3 million-plus houses hitting the market in Park Slope recently. (Just last week we looked at 112 Prospect Park West.) This five-story bay-front house at 52 Montgomery Place just hit the Corcoran site and there’s not much to go on yet: There are no photos or floorplans posted and the first showing hasn’t happened yet. While we have no reason to doubt the listing’s description of “rooms of grand proportions with period details,” the air conditioners and the fact that the same person has owned us makes us wonder what kind of shape the interior’s in. Then again, after owning the house for three and a half decades, the seller took out a $550,000 mortgage two years ago; perhaps that money went into giving the house a tune up. Anyone been inside in the last couple of years?
52 Montgomery Place [Corcoran] GMAP P*Shark
Photo by Kate Leonova for Property Shark


As far as we knew, the days of doubling your money in less than a year were behind us. Apparently, the owner of this South Side brick house was told otherwise. After ponying up $820,000 last August, the current owner went to town on this place, making a number of strange aesthetic choices along the way, especially for a flipper. Okay, this seems like a good place to reiterate the most broken rule of flipping: KEEP IT SIMPLE! So, in the case of the bathroom, do white subway tiles and traditional basic fixtures. Why do some people think that they are going to get more money for their “creative” bathroom stylings when in fact they will be alienating a huge portion of the potential buyers? (To be fair, the kitchen looks okay.) Even if this place weren’t 16 feet wide, even if the house weren’t only 35 feet deep and even if the lot weren’t a measly 50 feet deep, this house just feels like it’s trying too hard and not worth close to the $1.5 million asking price. Next.
272 Berry Street [Corcoran] GMAP P*Shark


This ramshackle frame house on Franklin Avenue between Quincy and Gates is intriguing, though, at $1,195,000, priced for a developer planning to tear it down. (Please, no!) There are no interior photos, which, combined with the general appearance of the property, leads us to believe that it’s probably not in the greatest of shape. It’s too bad that Franklin is such a busy street, as it kinda takes some of the fun out of the front yard and porch. Still, there’s something pretty neat about this place. Anyone been inside?
Property #C21BL20096 [Century 21] GMAP P*Shark


Yowza! Check out today’s eye candy on Prospect Park West, a two-family center-stair mansion in full period get-up. As the pics show, someone’s gone to great lengths to preserve the original details and to recreate the original interior design. According to Property Shark, this house hasn’t changed hands in the last four decades, implying this is really a lifetime’s labor of love. This is one of those listings that is useless to try to put a dollar value on. At $3,975,000, it’s expensive enough to be well out of the reach of mere mortals. The question is only will someone very wealthy fall in love.
112 Prospect Park West [Brown Harris Stevens] GMAP P*Shark


Hope springs eternal. Granted the developer who bought this place in February ’06 has done a masterful job of squeezing every last square inch of usable space out of this four-story brick house on Bergen between Bond and Nevins, but we’d like some of what he was smoking when he set the asking price of $3,900,000 (or $3,600,000, depending on whether you believe the NYT listing or the listing on the Cobble Heights site). This doesn’t seem even remotely likely for this location, especially when every ounce of character has been wrung out of this place, starting with the institutional-feeling garden. If modern’s what you want, why not take the most expensive State Street Town for a million bucks less?
231 Bergen Street [Cobble Heights] GMAP P*Shark


It’s rare to find a total shell of a brownstone in Fort Greene these days, but Townsley & Gay has a quintessential one on Clermont Avenue listed for $975,000 (cash only). Set Speed says the building is in such bad shape that the price “might as well be considered the cost of the land.” While the interior photos (which T&G deserves credit for being so forthcoming with) reveal that there’s really nothing left to save on the inside, we hope that the LPC won’t let the facade be torn down. (The building is safely within the FG Historic District.) The listing mentions that the house is a former SRO, but doesn’t mention whether the Certificate of No Harrassment has been gotten already. Given all this, what do you think about the price?
Listing #97 [Townsley & Gay] GMAP P*Shark
Clermont Ave shell on market for $975K [Set Speed]