House of the Day: 106 Lincoln Place
This single-family house at 106 Lincoln Place was an Open House Pick a couple of weeks ago so hopefully some of you have had a chance to check it out by now. There’s lot of original architectural detail intact along with some attractive updates of the kitchen and bathrooms. Fair to say this is move-in…
This single-family house at 106 Lincoln Place was an Open House Pick a couple of weeks ago so hopefully some of you have had a chance to check it out by now. There’s lot of original architectural detail intact along with some attractive updates of the kitchen and bathrooms. Fair to say this is move-in ready. The 18-foot-wide pad is asking $2,995,000. Realistic?
106 Lincoln Place [Brown Harris Stevens] GMAP P*Shark
it’s true that exceptionally well-renovated houses like this one are products of developers who buy in order to re-sell. these houses do not even look lived in. Naturally to buy such a complete and brand-new renovation one has to pay a heavy premium. Regular lived-in houses do not look like this. perhaps it is this sort of thing that keeps inventories of regular affordable fixer-uppers low? I don’t know, I’m just speculating.
104 and 108 Lincoln Pl are owned by the same person (and the saga of those houses is a story unto itself, as they’ve been on and off the market for years, prices fluctuating along with their owner’s mental state).
Folks looking to cash out hit the hills years ago. Now, all we ever seem to get are estate sales and the renovated finished product being sold by a speculator – yep, small scale developers are still out there. Not too many people looking to sell so they can step up to an even slightly better lifestyle, particularly if they like where they live and don’t want to leave the neighborhood, which was pretty common ten years ago.
For a little less money, you can this townhouse in brooklyn heights.
http://www.kevincarberry.com/2009/09/19/exceptional-value-in-an-exceptional-location/?page=64&show=gallery
Perhaps the people enjoy living there and don’t want to move.
Cash in and go where? Brooklyn Heights? Nah, most aren’t quite old enough for retirement yet.
one wonders why the inventory in such a large neighborhood would be so tiny in light of these prices. You would think a lot of folks would bought very cheaply prior to say 1990 would want to cash in.
11217, clearly people are FLEEING Park Slope as fast as they can.
I agree it’s overpriced, but the inventory of Park Slope homes is tiny right now.
This looks like a lovely home, but I’m with Amzi. This is just too much money. A hair under 3 million for an 18 footer – or 1,000 bucks per square foot? Wowzer.