House of the Day: 711 East 18th Street
Ditmas Park’s star has certainly been on the rise in the last five years but have property prices doubled in that time period? We’re about to find out! This charming Victorian house at 711 East 18th Street sold for $705,000 in early 2006 (after making an early appearance as an Open House Pick in late…
Ditmas Park’s star has certainly been on the rise in the last five years but have property prices doubled in that time period? We’re about to find out! This charming Victorian house at 711 East 18th Street sold for $705,000 in early 2006 (after making an early appearance as an Open House Pick in late 2005). It’s now on the market for $1,425,000. To be fair, it’s not a totally apples-to-apples price comparison, as some significant improvements (most notable in the kitchen) have been made to the house, which had lots of historic charm to begin with. Predictions?
711 East 18th Street [Corcoran] GMAP P*Shark
> The correct name for this neighborhood is Flatbush.
Yes, technically that is correct. However, Flatbush covers too much area to be particularly useful for identifying a specific place.
The correct name for this neighborhood is Flatbush. It is a large area that includes many landmarked districts such as Ditmas Park, Prospect Park South, Albemarle-Kenmore Terraces, etc. as well as pre-war apartment buildings and non-landmarked pre-war wood frame houses like this one.
Brownstoner is careful to call out brokers on their mislabelling of other areas of Brooklyn, it needs to do its research and get Flatbush right too. It makes no sense to arbitrarily call some parts “Ditmas Park” (that are outside the historic district) and others “Victorian Flatbush” and others “Flatbush”.
ML – you have a point – not many picturesque parts of Brooklyn are still cheap. I moved to PS in 1985, it was cute but, coming from out of the city, it was not cheap to me even then.
flatbush Joe, I moved to Brooklyn because it was really cheap and kind of picturesque. I would never never never move here now at these prices.
No, just to Rye. One seat commute into Grand Central where I work. I’ll be sad to leave the city but economically it doesn’t make sense to me right now with my school age kids, (different genders so need at least three bedrooms) wanting a garden etc. in a great school district.
What am I missing?
My NYC income taxes for 2010 – about $6,500
NYC property taxes – about $4,000
NYC subway pass for a year – $1,260
Westchester property taxes – $20,000
Metro-north pass for a year – $3,000
Metro-north parking pass for a year – $1,800
Car costs (payment, insurance, gas) – $5,000
Let’s assume I public school in both locations – I have heard good things about a couple of the Ditmas Park public schools.
I just don’t see how I would save any money moving to the suburbs – especially if both parents are working and I have to double my commuting costs.
1.2 on the low end. Could go higher if there was a quality reno (photos are nice, but who knows). I looked at houses in that nabe last year. Comps only helpful if you see the other house b/c most sales in this area are long-time owners selling houses that need work. 5 years is practically a flip around here. It is a pretty area, safe, quiet, plenty of kids, etc. Nearest public schools are ok, but some kids are in yeshiva or take the B/Q to Park Slope for Berkely Carroll, ps 321/51. Minard – why don’t we ALL just live in the burbs? We prefer Bklyn, and I suspect sellers will find a family willing to spend over 1.2 (maybe not $1.4; too far from Avenue S for that).
btw – isn’t “Queen Anne” the catch-all for not victorian, not edwardian, not A&C, but of the period? So I’ve been told.
ditto, really?
Are you moving out of state?
Minard, if you’re referring to me and my brood leaving, our closing date is July 1! ;-).