House of the Day: 20 Midwood Street
When 20 Midwood Street sold for $1,457,5000 in 2005, it was the biggest house sale in the history of Prospect Lefferts Gardens. Now, six years later, the limestone beauty is back on the market with an asking price of $1,780,000. The interior is pretty spectacular on the architectural detail front–woodwork, moldings and mantels out the…
When 20 Midwood Street sold for $1,457,5000 in 2005, it was the biggest house sale in the history of Prospect Lefferts Gardens. Now, six years later, the limestone beauty is back on the market with an asking price of $1,780,000. The interior is pretty spectacular on the architectural detail front–woodwork, moldings and mantels out the wazoo–and everything’s in immaculate shape as well (including a new chef’s kitchen that’s gotten the Sub-Zero treatment.) Lots to love so we’ll see if the deep-pocketed buyers are willing to take the PLG plunge.
20 Midwood Street [Brown Harris Stevens] GMAP P*Shark
Prior record for the hood was 52 Midwood, at $1.65 million, sometime back in 2007. Most every other house in the top ten for PLG has come from this block, which is probably the most impressive in the neighborhood. There are a few recent sales above a million, including a tudor on Lincoln I for 1.4 and a two-story brownstone on Maple II for 1.3, both in the last year. I bet 20 Midwood is within 10% of this ask (which is probably how they priced it, hoping to get at least a break-even of 1.6). I think the PLG market, with very low inventory and high-quality housing stock, has weathered the downturn pretty well. And a comparable house across the park would be asking twice this.
Just my two (hundred million) cents.
Absolutely lovely house. As a personal preference I would have preferred the woodwork not be painted, especially given all of the exquisite woodwork/mantels etc.
Yes.
By Bob Marvin on February 8, 2011 2:02 PM
This is great house on what is, architecturally, my favorite Lefferts Manor block. My first impulse was to express skepticism about the VERY high asking price, but I’ll refrain from that because I’ve been surprised before at this house’s selling price; twice!
…
Well put.
If there is one house in PLG that can achieve a new high for the nabe, its probably this one.
Impacted considerably less than you might think 7182713, but I really don’t feel competent to comment much about the asking price, except for what I’ve written earlier, that I was surprised by the houses selling price twice before (“02 and “05). Of course the bathroom fixtures alone in this house must have cost more than what I paid for my house, on the next block, in ’74, so my opinions about price are probably less important than my overall thoughts about the neighborhood 🙂
Well, they are asking more than I’ve ever seen in PLG. But it’s also larger and more nicely restored/renovated than most PLG houses. And a nice block, tho pretty close to Flatbush…. I guess we will see.
They really did do it in a beautifully understated way. Lovely.
first three rules of real estate,
1. location
2. location.
3. loc.. oh wait.
Bob Marvin,
In all honesty, I love how much you stump for PLG – seriously…tell me, honestly, how the “recession” has impacted the ‘hoods progress? basis this price, things are still on the uptick. Thanks…it’s been awhile since the lovers/haters have battled over PLG…I don’t miss it, but it was often enlightening…
This is great house on what is, architecturally, my favorite Lefferts Manor block. My first impulse was to express skepticism about the VERY high asking price, but I’ll refrain from that because I’ve been surprised before at this house’s
selling price; twice!