69 St. James Sells For A Lot Less Than Originally Asked
69 St. James Place, a charming four-story brownstone in Clinton Hill, finally closed yesterday for $1,400,000. Versus the most recent asking price of $1,500,000, this sounds like a pretty standard discount. But the house actually started out on the market in June 2008 with a price tag of $1,995,000, and then suffered death by a…
69 St. James Place, a charming four-story brownstone in Clinton Hill, finally closed yesterday for $1,400,000. Versus the most recent asking price of $1,500,000, this sounds like a pretty standard discount. But the house actually started out on the market in June 2008 with a price tag of $1,995,000, and then suffered death by a thousand price cuts. Unfortunately, it looks like another example of a property (or owner) who was living in the past and couldn’t face reality. If the seller had just come out with an asking price of, say, $1,700,000 at the start of things, chances are the outcome would have been much better.
House of the Day: 69 St. James Place [Brownstoner] GMAP P*Shark
dibs, St James is a bit of a special case, as it is filled with great, original architecture. Not mansions like on Clinton and Washington, but beautifully designed and ornate smaller houses. I agree that the southern half of Fort Greene has better subway access, but Vanderbilt is not the nicest street in Fort Greene, while St James is one of the best in Clinton Hill.
wasder there is a house on saint James that just went into foreclosure. You should check it out if you like that street.
M4L–I would also choose this house over yesterday’s in a flash. This house is really nice and the block is one of the most beautiful in the neighborhood. But that is our personal taste. I bet there will be a buyer for yesterday’s house for whom the location is more important, and being near all the cool retail is the thing.
Far less desireable location that yesterday’s HOTD.
wasder, I agree with your take. but if I have to choose, I would choose st james over the vanderbilt hotd yesterday – no hesitation, no doubt.
I would also say that regardless of original ask, this pricepoint is pretty solid for a house squarely in the middle of residential Clinton Hill.
Ditmassnark–I do, as this is the house I was referencing yesterday. This house is nicer no doubt aesthetically/physically etc but I think the location of yesterdays house will win out. I think you pay a premium to be right by the Dekalb amenities, whereas this house is more solidly in residential Clinton Hill and a bit away from said amenities.
Why does it seem that Corcoran the only major broker that keeps their sold properties on their site?
So, who here still thinks yesterday’s HOTD is gonna fetch $1,495,000?