Foreclosure of the Week: 1316 Beverley Road
This house at 1316 Beverley Road in Victorian Flatbush almost came up for auction back in 2007 and is slated for sale tomorrow. From what we gather, someone started to renovate it back in 2006 earlier this decade but ran out of steam mid-way through the project. This patch of Beverley is a little spotty…
This house at 1316 Beverley Road in Victorian Flatbush almost came up for auction back in 2007 and is slated for sale tomorrow. From what we gather, someone started to renovate it back in 2006 earlier this decade but ran out of steam mid-way through the project. This patch of Beverley is a little spotty but it’s surrounded both to the south and north on Argyle and Rugby by beautiful homes so this could be an interesting play if you can get it anywhere near the lien amount of $409,036. Anymore know anything more about its circumstances or the condition of the interior? GMAP
Is there an easy way to find out what it goes for? Or do we have to rely on someone actually going to the courthouse steps?
Well gidget, if you can spend a couple hundred grand on renovations (money that you’d save on the purchase price compared to houses in the neighborhood), you can pay the folks who can shut a door properly.
The house will need some roofing & exterior repair to make it sound and avoid further deterioration. Propshark says it’s a 3 family – if there are 3 kitchens you could shift around over the time and fix up parts of the house while living in other parts.
Wonder why Mr. B didn’t post the auction info… looks like it’s for today, Auction Date 5/21/2009, presumably at the Brooklyn courthouse.
I love this neighborhood and I hope the house goes to someone who will care for it and give it a nice makeover. It is painful to see an old house with potential treated so badly. I wish I were the DIY type but I can barely shut a door properly.
Good info Chaka. We’re not quite ready to buy yet but I’d hope to get something like this for the right price that I could put my sweat equity into.
Hi,
I’m Aga Trojniak, Director of Housing and Immigration programs at Flatbush Development Corporation (FDC), a nonprofit community organization. FDC runs a foreclosure prevention program, and the issue is very close to our hearts. In 2008, Greater Flatbush was first amongst NYC neighborhoods most affected by predatory and sub-prime loans and mortgages, with over 2,200 foreclosure actions from 2004 to 2007. (See New York Times, February 11, 2008) Although Victorian Flatbush/Ditmas Park is only a part of that neighborhood, unfortunately we have not escaped unscathed. Many of our closest community members are struggling to keep their homes in these tough economic times.
If you know anyone in Brooklyn who is having a hard time paying their mortgage, real estate taxes, or their home-related bills please ask them to give us a call at 718 859 3800. There are many (FREE!) resources available to at risk homeowners to help them stay in their home! There are also a lot of scams that we hope homeowners will avoid.
NEDAP, a nonprofit economic justice organization, has some great maps showing exactly where NYC foreclosures have hit hardest. They’re worth checking out (www.nedap.org)
I actually went into the house about seven years ago and it was a mishmash Architerrorist but it seemed as though the original details are still there hidden beneath sheetrock and drop ceilings. I bet it could be made livable for purchase plus about 150K chicken, which would make it an excellent buy for someone who is handy. We’ll see what happens.
Yes, the view from this side of Beverley is lovely, and thanks to landmarking, will remain unthreatened.
Like I mentioned, there is at least one stained glass window preserved… There are drop ceilings visible through the front windows… Who knows what they conceal. I would venture that this place is a mishmash…You’ll find a few nice pieces of the past, but far from pristine…
This house could be a great option for a family looking for an affordable entry into the neighborhood, provided they’re handy.
About 10 years, there was a house in PPS that was in forclosure… A lot of original detail was gone, but there was still some great glass, woodwork, silk wallpaper… and a speakeasy in the basement!
“Haves and have nots.. Most of the PPS house owners paid a fraction of what new buyers in BSW are paying… No place for snobbery.
Posted by: Architerrorist at May 20, 2009 2:30 PM”
Very true Archi but you’d still be looking to the other side of those PPS boundary columns at what you could have won!
Wonder what it is like inside? I believe the outside could be remedied pretty easily. If you can get it for the lien price and do it up for 300k, you’d have a (currently) $1m comp for 30% off.
As of last year there was still a lovely stained glass window visible at the back of the house… I was very worried for about its safety.