712 Degraw Sells for $1,150,000
sold Six months and one price cut after it hit the market, the three-story house at 712 Degraw Street in the Lower Slope closed for $1,150,000. The listing said that the interior was in “great shape” and had “lots of detail,” in which case it sounds like a decent deal. Most interesting of all, the…
sold
Six months and one price cut after it hit the market, the three-story house at 712 Degraw Street in the Lower Slope closed for $1,150,000. The listing said that the interior was in “great shape” and had “lots of detail,” in which case it sounds like a decent deal. Most interesting of all, the deal was struck “post-Lehman,” on November 6, 2008 to be exact.
House of the Day: 712 Degraw Street [Brownstoner] GMAP P*Shark
712 Degraw Street Listing [Leslie J. Garfield]
What goes around, comes around. Everyone thought the trade deficit was the No. 1 problem a year or so ago. Now it has narrowed significantly.
Maybe they wapn’t accelerate. Maybe prices will bottom in 2009. Maybe, maybe not. It’s called an alternative viewpoint. It’s what makes markets work. For every deller there is a buyer. We don’t deem to have an overhang of inventory in brownstones.
Condos are a different story.
Team Bull of course…
wow – 1.15 I’d say is pretty damn good considering that HORRID ad with no interior photos. I think we can all assume the inside was pretty much a mess. I am still in shock though over that ad – wow wow wow.
I also recall when I was in the market looking for houses in 2003 that I was shown this house and it was VERY small inside and frankly a mess. The kitchen was old and outdated and the top rental was occupied by someone who should have been on Oprah’s show about hoarders……
DIBS – the evidence is all around us – what do you mean, maybe not? Ah, denial.
Or, maybe not.
Trending down from asks, and yes, from peak comps. As I’ve said, the trend barely started in 2008, but it did start – classic end of a bubble, beginning of a reversal. Price declines will accelerate moving forward.
Snappy and all;
I haven’t seen the interior myself, but I do know that it needs work, as the purchaser has hired a GC to do a makeover.
So $1.15 is a ‘trend down’ from comps between 4th and 5th for an unrenovated house? Really?
(The original HOTD suggests that the place was not renovated from the original 2003 purchase.)
Mr. Joist – no one likes to hear painful truths, maybe that’s why.