HOTD: If You Only Buy One House This year...
Today’s HOTD is the most table-pounding buy we’ve seen in a long, long time and we bet that, slumping market be damned, this will be gone within a week. The two-family Greek Revival woodframe house has been carefully maintained by the same owner for the last twelve years and sports a sweet front porch and…
Today’s HOTD is the most table-pounding buy we’ve seen in a long, long time and we bet that, slumping market be damned, this will be gone within a week. The two-family Greek Revival woodframe house has been carefully maintained by the same owner for the last twelve years and sports a sweet front porch and back yard. The place has plenty of original architectural charm, though we’ll admit that the kitchen and bathroom aren’t anything to crow about. The location on Adelphi just off Lafayette is prime Fort Greene, just a couple of blocks from the park and the majority of the best restaurants in the nabe. Honestly, except for the aforementioned lackluster kitchen and bathroom and perhaps the slightly shallow lot of 75 feet, we’re surprised this isn’t priced at least $200,000 higher. If we were in the market right now, we’d be all over this.
331 Adelphi Street [Aguayo & Huebener] GMAP P*Shark
Prove me wrong. There is a bigger pool of buyers for brick, brownstone and limestone buildings than for woodframes.
I agree that this is a charming house. But one major drawback, IMO, is that it’s a double duplex. A buyer wanting a single family or a triplex is looking at a lot of renovation/reconfiguration, and a small family or couple could spend less money for the same square feet of the duplex and not have the hassle of tenants and house maintenance.
When houses in the area were going for $700-$800k, a double duplex was still a good buy–the rent really made a dent in the mortgage. But the math doesn’t work at a higher price level.
what if you had a horse and no horsewalk? how would it get to the street? then again I guess it would never end up in the back in the first place…
Higher insurance, especially if attached.
advantages vs disadvantages of a wood frame?
woodframe is good to some bad to others
One word (or two) – Woodframe, woodframe, woodframe.
Sorry, I just do not get what is so great about this one.
little alley between your house and next where could walk your horse from street to back.
Nice feature for nowadays – don’t need to drag garden stuff thru the house. Or construction materials.