HOTD: Under $700K In Windsor Terrace
The theme of the week for our House of the Day picks appears to be asking prices of around $700,000, a hurdle today’s house just ducks under with Monday’s $50,000 price cut. Located a block from Prospect Park in Windsor Terrace, this Open House Pick from early August is friggin’ tiny, but the listing boasts…
The theme of the week for our House of the Day picks appears to be asking prices of around $700,000, a hurdle today’s house just ducks under with Monday’s $50,000 price cut. Located a block from Prospect Park in Windsor Terrace, this Open House Pick from early August is friggin’ tiny, but the listing boasts of excess FAR. The extra deep lot (150 feet!) has lots of potential and the house looks like it has some original charm as well. Think the new price of $699,000 will stir up new interest? (Corcoran also has another house in the neighborhood for the same price. And here’s a third one listed with Park Terrace Properties for $10K less. Neither look as promising to us.)
625 Vanderbilt Street [Corcoran] GMAP P*Shark
Open House Picks 8/11/2006 [Brownstoner]
yuch
I rented an apartment next door to this house for several years right after college. The upside: quiet neighborhood, nice neighbors (my landlady at 627/629 is a fantastic woman), proximity to Prospect Park, fantastic pizza at Laura’s on Prospect Avenue. The downside: that house DOES need a lot of work, and there is really NOTHING else nearby in the way of restaurants, etc. Still, a great neighborhood to raise kids in, and I would kill for a yard that big.
Everyone talks so blithely about adding on, but, with neighbors having equally narrow yards butting into the same apartment building, you’d just be cutting off their light and air more. Is a media room or home office or professional kitchen or whatever worth more than courtesy and livability?
I went to see this house last weekend when they had an open house. It needs alot of work. There is a claw foot tub in the bathroom but needs some TLC. The back yard is long and narrow and there is an apt building as a back neighbor.
Very tiny indeed, but great potential, I’d think. The 85′ rear yard means that you should have plenty of room to extend in the rear and still have a huge yard (albeit only 15′ wide?? – that seems to be what the floor plans show). I also really like that it has a front yard and a porch. And I have no clue what its really worth, but for the right buyer with a bit of money (or a long range plan), it could be something different.
So would a full renovated 4 bedroom/2.5 baths with terrace narrow frame on 150ft lot in WT be worth 1m in this market?
Backyards are never very private in Brooklyn. I would not be concerned about the “bowling lane” effect. Landscape it well and it would be very charming. Can’t say much else about the place because I have not seen it. I’ve worked with Beth Kenkel in the past. She is good, not pushy.
Saw this property at its first OH, and rjt is dead-on with the description. At the time there was ample evidence of Corcoran coaching the seller to bandaid problems (cheap varnish on old floors, hasty patches in the walls, hasty landscaping).
My thoughts: a very small house for the price (albeit with some charm) eeding subsantial upgrades (don’t forget that kitchen). Also, the bowling alley backyard butts up against a rather large apartment building in the rear, insuring that it will never be a very private back yard.
If I needed more space, which I do, I would look for something wider before going through the expense and energy of adding another floor.
I was not even tempted at the original or even current price, but it represents a potential foot in the ownership door in a good location very close to Propect Park for someone needing modest space.
My $.02
Downside of the big big yard is that extra bowling-alley effect you get. But some creative landscaping, dividing it up into different areas, would so something to fix that. Worse problems to have.
And sure, you’d have plenty of room to build back, but then you’re not exactly spending $699K anymore.