329 Prez Finally Sells—For Less Than 50% of its Peak Ask
No question, 329 President Street was way overpriced from the get-go, but it’s still remarkable how far off its ultimate selling price—$1.7 million, a deal that was recorded in public records this week—was from its initial ask in early ’08, $3.6 million. After that, StreetEasy shows a listing history that involves a lot of cuts…
No question, 329 President Street was way overpriced from the get-go, but it’s still remarkable how far off its ultimate selling price—$1.7 million, a deal that was recorded in public records this week—was from its initial ask in early ’08, $3.6 million. After that, StreetEasy shows a listing history that involves a lot of cuts and one inexplicable increase:
03/04/2008 Price decreased by 17% to $2,995,000.
03/20/2008 Listing is no longer available.
12/28/2008 Listed by Vita Realty at $2,500,000.
01/30/2009 Price decreased by 9% to $2,275,000.
03/31/2009 Price decreased by 12% to $2,000,000.
05/11/2009 Price increased by 10% to $2,200,000.
07/31/2009 Price decreased by 10% to $1,975,000.
09/10/2009 Price decreased by 4% to $1,888,888.
11/04/2009 Listing entered contract.
When it was a House of the Day last August and asking $1,975,000, the reader widget guess on it was $1,478,652.
House of the Day: 329 President Street [Brownstoner]
329 President Street [Streeteasy] GMAP P*Shark
Overpricing Not Working in Carroll Gardens [Brownstoner]
What the Heck Is Going On in Carroll Gardens? [Brownstoner]
Overpricing seems to work. $1.7 is quite high for such a tiny place.
Very Strong price for a 3 story. Carroll Gardens is still demanding top dollar.
I always assumed houses in the slope were a little more expensive but from the sales that I have been seeing it’s the Gardens that are coming in ahead.
Less strollers maybe?
According to Propertyshark, it last sold in 2005 for $1.115MM. It’s 16 X 45′ and 2,185 sq. ft…..way overpriced for this quality reno.
That is about the size of two beds side by side. Does that technacaly make it an automatic 2 bedroom?
That’s still a lot of coin fo ra 3 story house. How wide is this, 15 feet?
good question, Dave. My guess is yes but not over $2 for 3 story done well with orig. detail. Not the developer redo who knows only one style(neo-sterile).
$1,478,652 x 1.15 = $1.7 million on the nose. The widget multiplier nails it.
Headline is a pathetic attempt by Mr. B. to create clicks.
The widget constant gets more impressive every day. Whether a house goes for near ask or half off ask, widget+15% seems to be about the best predictor of sale prices around.
**bid widget x 1.15**