House of the Day: Midwood Not Mid-Priced
This four-story limestone on Midwood Street in Lefferts Manor is the real deal but, man, $1.495 million is a lot of dough for this nabe, isn’t it? It looks like the extensive woodwork in the house (including several fireplaces) is in excellent shape. As usual, we’re not loving the kitchen reno, but that is what…
This four-story limestone on Midwood Street in Lefferts Manor is the real deal but, man, $1.495 million is a lot of dough for this nabe, isn’t it? It looks like the extensive woodwork in the house (including several fireplaces) is in excellent shape. As usual, we’re not loving the kitchen reno, but that is what it is. The house, which is of a grander scale than many in the area, also boasts inlaid parquet floors, pocket doors and stained glass. Still, $1.495 million? What do the locals think?
Update: This is 68 Midwood Street–the identical twin of #55. Both were built by W.A.A. Brown and were originally priced at $11,000 when they hit the market a century or so ago. According to Bob Marvin, the reason for the dumbwaiter is that these houses were built with TWO dining rooms–an informal one in the ground floor front and a formal one, over the kitchen, in the parlor floor rear.
Midwood Limestone [Brown Harris Stevens] GMAP P*Shark
Oh please. There are houses on the market right now for under 1M. And nothing has ever sold for over 1.475M (and the second highest was 1.4M). Bette listed the asking prices of current BHS listings, NOT the actual range of what things in LM are selling for. (and really the highest BHS listing is now 1.5M, reduced from 1.6M.)
As an owner of a LM house that was JUST appraised at 930K, I hate to think that people looking in that range aren’t going to come here because the think they can’t find anything for under 1M.
Bette Cunningham knows the area in-and-out and generally prices accordingly. If she says things in Lefferts Manor are selling in the $1mm – $1.6mm range -then it’s true. Afterall, Brown Harris Stevens is the “premiere” broker in Lefferts, and I bet those 2 townhouse mansions priced in the higher range get their asking. Those are both some phenomenal properties.
All five over the $million sales in Lefferts have been through Brown Harris Stevens, the brokers who never just settles.
That is really strange. Price ranges quated by realtors in articles are always UNDER the real ranges. Realtors do that to draw people in. after they come to see houses they confront realit. It is pretty basic. Don’t know why she inflated prices!
Just read the Post article. How funny! Bette Cunningham decided that prices in the manor are 1M to 1.6M, but actually things are selling from 925K to 1.475M! As she well knows.
Why does she think that inflating prices by over a 100K will draw people???? That was really stupid.
The two lower-priced Midwood houses are obviously overpriced, or else they wouldn’t have been sitting on the amrket for eons. I’m sure they’ll go for about 100K below asking.
Whether a house is overpriced or underpiced or well priced given the current market is not a reflection on the quality of an area and is not a reason for residents to feel insulted or defensive. These discussions are about what wiill sell for what dollar amount. PLGers–and others–shouldn’t take it as a referendum on their community.
Here’s the URL for the NY Post article Ed mentioned:
http://www.nypost.com/realestate/hot_prospect_realestate_janet_huege.htm
OR
http://tinyurl.com/ox3eo
10:49-
The two Midwood Street houses are in a different caliber from the “mansions”. Someone will realize what a bargain these are–needing updating and all–and snatch them up before it’s too late. They’ll get their price too– or close to it. People are particularly fond of that block.
Ed,
If you actually believe what you read in newspapers then you are truly hopeless.
Check out Thursday’s NYPost. There is an article about PLG which provides a nice counterpoint to the obnoxious premise that this thread is based on!
(That premise is that one of PLG’s finest and largest homes – which had recently been discounted – is still insultingly over-priced with respect to New York City’s current real estate market. No wonder PLG-ers got defensive).