House of the Day: 351 Adelphi Street
Whether it’s the bonuses or the fact that buyers are tired of waiting for the long-predicted bursting of the bubble, it feels to us like there’s been a perceptible uptick in market sentiment in the last few weeks. We don’t have any hard facts to back that up, but certainly the strong interest in 100…
Whether it’s the bonuses or the fact that buyers are tired of waiting for the long-predicted bursting of the bubble, it feels to us like there’s been a perceptible uptick in market sentiment in the last few weeks. We don’t have any hard facts to back that up, but certainly the strong interest in 100 Decatur Street showed that there a ton of buyers out there. The owners of 351 Adelphi Street apparently have figured this out and decided to raise the asking price of their Fort Greene brick house 10 percent. Back when we had it listed as an Open House Pick in October it was at $1,900,000. Now it’s $2,100,000. It’s a great looking house. We shall see.
351 Adelphi Street [Corcoran] GMAP P*Shark
Open House Picks 10/13/06 [Brownstoner]
just polishing a turc- albeit a good locatioin
We saw this in the fall, too — were there halfway through an afternoon open house and were the only people on the list until a sorta famous tv/movie actress (who’s newly pregnant according to the gossip rags) and her partner arrived. It’s definitely wider than 18ft — tho while the Corc listing says 21ft, the back garden only seems to be listed as 20ft wide on the floorplan, so who knows? Kitchen is beyond silly and the upper floors are, as others have said, very slanty and the planks looking pretty raggedy in places. Waterworks bathrooms were nice enough but quite particular in their taste and, as 12:49 said, that might be something a new buyer might want to do for him/herself. One nice feature is that because Adelphi is a wide street, you get very nice light in the front of the house, esp the parlor and the second floor master suite/family room space. Obv more power to the seller if they can get it, but 1.9m seemed a bit of stretch six months ago and warming market or no, I’d be surprised to see this get above 2m.
Yeah, I hope she gets the money too, but there is definately a skill in selling a house and I am not talking about relying on a broker. It is really important to not be too out there with open houses, and jerking around buyers and ratcheting up prices when you are a actually a stale property. I think that the skill is to really know what it is that you are trying to do from a personal financial perspective, to get your place into good structural shape, make it pretty, do your research on what is going on with the market with comps in your neighborhood and elsewhere, follow all market info, , and then go for it, price it not at your dream price but at the current market price. Hit the bid, and don’t mess around, otherwise you become STALE and this property is looking a little stale. Do your research before going to market – I think it is a really bad idea to feel your way publicly through the process which is what is happening here. Don’t they think we are watching?
My husband and I went to see this house at its original open house showing. Agreed with previous posters that the kitchen is silly. Its tiny size is perfect for take-out only diners. Also, the floors upstairs weren’t just “slopey”, they were rotted through in places. We later found out that the woman who owns this house had done the same kind of renovation to a house we looked at years ago on Vanderbilt. Apparently she either works or used to work at Waterworks and gets a great discount. Whether this house is worth $2M or not, well, that’s for the buyer to decide. But, being a Fort Greener, I hope she gets it – it’s good for all of us.
It’s not unusual to see a property listed by various real estate agencies (and even by the seller directly), and each at a different price.
This may simply be a case where the property was bid on by a buyer that was not introduced by Corcoran. Therefore, Corcoran is now in a position in which the only way to make their commission from this property is to out-bid the current offer and increase the listing price on their web site.
eb at 12.26 may be on to something. We had an oral offer accepted on this house back in January. The day of the inspection (and the day before the contract was to be signed), our broker calls us up to tell us that the sellers were backing out because they had been directly contacted by a buyer who had viewed the house with another broker (i.e., cutting out the brokers). I was less shocked by the breaking of the oral agreement (nothing was yet in writing, after all) than by the going behind the brokers’ backs.
The house needed a lot of work (some structural, a lot cosmetic) and could have been nice, but this reno job is very peculiar — also, it would have been much smarter to triplex it and have a large garden rental.
Word on the street is buyers signed the contract last week, sellers wanted one more open house before signing. Classy.
I’m with West. Brokers are, in my experience, way pushier than their clients. Or maybe they are just that way with me.
Well since I already purchased my home. I hope this bad boy goes for 2 million. Better for brooklyn!
If it’s a lil too pricey, you should UMMMMMMMMM pick up your jaw and keep it moving to the next house.