House of the Day: 1441 Dean Street
The current owner of 1441 Dean Street paid just $626,000 when he bought the three-story, two-family house last June. Since then, he’s clearly done a lot of cosmetic work, polying the heck out of the floors and making the gorgeous wood paneling look its best. It’s unclear what else he did — nothing that required…
The current owner of 1441 Dean Street paid just $626,000 when he bought the three-story, two-family house last June. Since then, he’s clearly done a lot of cosmetic work, polying the heck out of the floors and making the gorgeous wood paneling look its best. It’s unclear what else he did — nothing that required a DOB permit, that’s for sure. Given that the house falls outside the proposed Crown Heights North Historic District and is only three stories, the asking price of $849,000 feels a tad aggressive. We also wonder whether those floors might be a little too glossy in person. Waddya think?
1441 Dean Street [Corcoran] GMAP P*Shark
Anon 11:01 means that it will take $100k to update the mechanicals, therefore, making the amount you’re paying for the house $949k instead of $849k.
Anonymous at February 16, 2007 11:01 AM
I don’t understand your last sentence. Please explain. Thanks!
I would never say this house isn’t worth $849K, certainly without seeing it in person, but from personal experience I would advise to buyers please do take very close and nitpicky looks at mechanicals in these flipper houses. Many times the work that was done was merely cosmetic, not done with higher quality labor and materials despite what the seller might claim to have spent. If the mechanicals have not been updated in this house it’s not a $849K house, it’s a $949K house.
forced air rawks. period. quiet, balanced and inexpensive–in our b’stone, at least. everytime we visit a friend with radiators and hear the hissing i thank me lucky stahs…
Dear Bob, actual house price info is great. I was articulating my own approach to buying a place in a competitive marketplace – i.e. looking for places where others weren’t, but certainly all info on this site of a pricing nature is very valuable.
It is obviously useful to know what a house has sold for in the past 6 months, 1 year, 2 years, whatever. Why would anybody (except the seller) argue against sharing that info?
That would actually be a good idea. Not just “where can I find a good (name that craftsman)?” I’m sure most of us, even those who don’t do much themselves, can scare up a good story about reno heaven and hell.
Donatella:
I am with you. I wonder what would happen if Mr. Brownstoner declared one day a week “renovation” day or such. That would mean no spotlight on houses for sale and more focus on how to fix up or maintain what we have got.
I have friends who made a final and accepted [much dicking around and inspecting was done first} offer of 630 on a house very comparable to this one, but with a larger lot and backyard, betw. Franklin + Bedford. The asking price was 779. The location is closer to EP, and the block is much nicer. Good Luck to these sellers! There are so many houses for sale in CH right now, just walk around and have a look see. This is overpriced for the location, IMO…