219 Washington Finally Sells...For 40 Percent Off Peak Ask
After two and a half years on the market, the charming but clearly overpriced brownstone at 219 Washington Avenue finally sold the week before Christmas for $1,655,000. At one point in February, its asking price went as high as $2,835,000. When we featured it as a House of the Day in July of last year…
After two and a half years on the market, the charming but clearly overpriced brownstone at 219 Washington Avenue finally sold the week before Christmas for $1,655,000. At one point in February, its asking price went as high as $2,835,000. When we featured it as a House of the Day in July of last year 2008 when it was asking $2,495,000, we had this to say: “Seems to us that you gotta have a fifth story to get this price on Washington Avenue in this market, but we could be wrong.” In this case we weren’t.
HOTD: 219 Washington Avenue [Brownstoner] GMAP P*Shark
Brownstones are cool.Especially the tiny Basement
apts like my uncle used to have in the late 80s.
I aways dream of owning one to this day.
I visited this place when it was HOTD or OHP in the spring of 07. It was a beautiful house, great reno, in an inconvenient location being put on the market at the peak. I don’t think there’s any broader lesson, except that an individual seller surfed the market all the way down, buoyed by their own unreasonable expectation. The bump up to 2.8 was ridiculous, and probably cost them two years waiting. But DIBS is right, it’s still probably close to peak comps.
Mopar, I’m looking at Victorian Flatbush.
I used to live in this building before the renovation. It was always a great building. But not worth 2.85K, not so close to Mrytle ave. and no 5th floor. yes it was nicely done over. But come on.
Chicken, which market are you tracking?
It seems to be the case that in NYC the effect of a declining market seems to be very little decent available to buy.
“But she likes me, right????”
ROFL, Dave! Yes, that’s the one! Same broker! You’re the only one on Brownstoner she can pick out of a line-up, as it were!
“Dave, granted it’s anecdotal, my broker at Corcoran tells me she knows that there are a lot of listings being held back until Spring.”
I’m pretty sure this happens every year. People wait till the spring to list their property because winter is usually very slow.
This winter was odd in that it was not slow at all for sales compared to years previous.
Dave, granted it’s anecdotal, my broker at Corcoran tells me she knows that there are a lot of listings being held back until Spring.
Posted by: CGar at January 4, 2010 1:45 PM
But she likes me, right????
And a lot of the listings being held back are prior listings that have been taken off the market in the past year or two, which often appear on StreetEasy as “No Longer Available” but don’t turn up as sold.