House of the Day: 7 Columbia Place
Like their counterparts on Wall Street, real estate brokers love to see high turnover. Fees, fees, fees! With her latest listing, Corcoran agent Beth Kenkel is looking to generate 12 percent in less than 12 months. The charming woodframe at 7 Columbia Place was a House of the Day last March, when it was listed…
Like their counterparts on Wall Street, real estate brokers love to see high turnover. Fees, fees, fees! With her latest listing, Corcoran agent Beth Kenkel is looking to generate 12 percent in less than 12 months. The charming woodframe at 7 Columbia Place was a House of the Day last March, when it was listed for $1.6 million. We called it “a steal” at the time and it looks like we were right: The property changed hands in June for $1.8 million. Now it’s back on the market with a new color and a new price $1.995 million. After Beth and any co-brokers take their cut, the new owner won’t have a lot to show for her effort, so we’re suspecting that this sale is one of necessity not opportunity. Does anyone know if any work was done to the interiors (besides clearing the previous owner’s extensive clutter)?
7 Columbia Place [Corcoran] GMAP P*Shark
HOTD: Deal on Cottage Row Survivor [Brownstoner]
This house was listed in March 2006 at $1.6M and sold in June 2006 at $1.8M. The house was then re-listed by the new owner in September 2006 at $2.1M. In November 2006, the listing price was reduced to $1.995M, and later reduced to $1.895M in April 2007. The house sold in August 2007 at $1.9M.
Definitely a beautiful house. I drove past and it’s in a row of four frame houses about 2 blocks north from the BQE onramp at Atlantic Avenue. Not many framehouses left in the southern part of bklyn heights, I wish I had 1.9 mil
How could someone be willing to shell out millions for a house and not have it inspected and looked at by any/all experts you can get your hands on. Penny wise and Pound foolish.
I think all of you honest hard working folks should let us know your incomes as that is about as much pertinence here is a healthy obsession with Brooklyn. Yawn.
7:05…it’s probably negotiable. If you consider the architect for the work post purchase, the inspection cost may be waived after the architect is used.
Good info, 6:46. How much thereabouts does it cost to hire an architect to do the inspection, or go with someone on an appointment to see a house?
I used to know a guy in another state who was an architect, but who didn’t design buildings, he only inspected larger buildings for mortgage banks to find future issues and repairs, going forward 10 to 20 years. Which would affect how much of a mortgage loan the bank would approve. That kind of architect would be ideal to do inspections in Brownstone Brooklyn.
Consider paying more for an architect with experience dealing with brownstone Brooklyn. The inspectors are worthless. They talk termites, bldg sag, electical/plumbing upgrade and roof condition. But they don’t touch the real costly issues.
How do I know? My inspector was incompetent and months later, when the architects I was interviewing walked the house, they pointed out more problems than any inspector!!
I don’t love the location, but that is a handsome house.
The house traded for $1.8 million last time. If the listing agent only had the listing side of the deal, the commission to her firm would be $45,000 (at 5%). Depending on her split, the agent would earn anwhere from $22,500 to $27,000. Not bad.
In my book, agents earn their commission. It’s a tough, tough career. Most of those who try, don’t cut it…