House of the Day: 591 Putnam Avenue
At first glance, we were pretty excited to see this detail-laden brownstone listed for only $650,000 $549,00. Then reality set in. For the longterm owner who’s up for a major project, this still is probably one of the cheapest ways to get their hands on an old brownstone. For someone who’s looking at this with…
At first glance, we were pretty excited to see this detail-laden brownstone listed for only $650,000 $549,00. Then reality set in. For the longterm owner who’s up for a major project, this still is probably one of the cheapest ways to get their hands on an old brownstone. For someone who’s looking at this with the unemotional detachment of an investor, you have to wonder whether you want to be paying a million bucks when all’s said and done for a house in this location. How does that stack up to recent comparables in the immediate vicinity? Update: The price must’ve just been cut. At $549,000 it certainly does look interesting.
591 Putnam Avenue [Corcoran] GMAP P*Shark
Well the exterior of the Brownstone seems in pretty decent condition. As for the neighborhood itself it is not that bad. Actually the area itself is building up. If the interior of the Brownstone is in half decent shape then i would say it is a nice buy. I am almost sure that work must be done but how much is the big question????
Anyone who would purchase this Brownstone could make nice revenue by renting it out. But again its how much work that needs to be done to the home. haggle with the price get the buyer to drop it to 500.000 even then i say go for it
Um abandoned buildings. Plural. One on either side. I think it has great potential but every ceiling corner I tapped at sent rubble pouring down and at least one wall has real mildew.
It is directly across from the old Armory and right next to an abandoned building. The Corcoran photos of course don’t show the abandoned building it is attached to.
Was recently involved in bidding on a similar sized house a short block away from this one. It was in nice shape with lots of details – not more than $25K of work necessary.
We were in the low $700s and were outbid. So I would say this would be worth ~$750 in the current market fixed up nicely. So if the renovation could be done for less than $250K, then this might not be such a bad deal. Anyone know the address. Is it across from the old Armory?
9:09pm, Verona Place sat on the market for a long time because they weren’t really marketing it. I happened to see the open house because I passed by one day. They were asking $775k and I think it was on craigslist/open house for 2 weeks. Other than that, one really wouldn’t have known it was for sale. The house seemed sturdy. Anyway, I think that’s an indication of the market in that area.
This thread concerns 591 Putnam, not Verona Place. It (591 Putnam Street) looks like a good deal for someone who is comfortable with living in the neighborhood. I am not that familiar with this immediate area. Anyone has any meaningful details regarding the area?
My friend lives next door to that house. Verona place. She said its been on the market for over a year. Tend to think that there’s alot of internal problems…..
PC
19 Verona Place, a 4 story closer to Clinton Hill, just sold for $820k after a bidding war. The guy is gutting it. I think it’s a flip or he’s making condos.
The ceiling shown in poor condition is on the ground floor. You can tell by the view out the windows and the bars there. Whatever the deal is with this ceiling, it’s not because of a roof issue.