House of the Day: 674 Park Place

Although the listing claims this house is in Prospect Heights, 674 Park Place’s location between Franklin and Bedford puts it squarely in Crown Heights in our book. The 19-foot-wide, three-story building has some nice original detail but is far from mind-blowing. Judging from the dimensions, the house is deceptively large, with at least some of the floors built 55-feet deep on the 131-foot lot. The house last changed hands exactly three years ago for $590,000, so the current asking price of $893,000 doesn’t surprise us–we’d guess prices in this area on average have easily increased 50% since early 2004. Interestingly, we noticed that 586 Park Place, which had been cut from $1.15 million to $995,000 back in the fall, had recently sold. City records haven’t been updated yet, so we don’t know the price. Number 586 is bigger than 674 but it had some tenants in place that probably merited a discount. As you can see from this map, 674 would not be included in the Crown Heights Historic District currently on track to be created by the Landmarks Preservation Commission.
674 Park Place [Corcoran] GMAP P*Shark
Head-to-Head in Crown Heights [Brownstoner]