House of the Day: 115 Hall Street
Talk about a flipper mark-up! The current owner of this house on Hall between Myrtle and Park got the place a year ago for $595,000. He’s clearly done some cosmetic work, just judging by the photo of the front door in the listing and the photo in the Property Shark archive. (But judging by one…
Talk about a flipper mark-up! The current owner of this house on Hall between Myrtle and Park got the place a year ago for $595,000. He’s clearly done some cosmetic work, just judging by the photo of the front door in the listing and the photo in the Property Shark archive. (But judging by one photo of a sealed up fireplace next to a Home Depot-esque kitchenette, not all that work will have universal appeal.) But the past is the past. The house is now listed for the oddly specific price of $1,011,000. One major selling point which the broker doesn’t include is the property’s proximity to this place two houses over!
115 Hall Street [Citi-Habitats] GMAP P*Shark
anon 1.12:
Why not?
The house looks decent and the work is ok.
I say let him sell at his price and let the buyer beware. That’s the American way. So what he jacked it up 500k he’s obviously in the business of flipping homes.
I was a victim of a quick flip the seller owned the house for a month and jacked it up 100k. I knew this goin in and I really wanted the house so i got it. I will have the last laugh.
It may take me 15 yrs to laugh but hey I commited to a 30 yr mtg so i’ll ride it out.
Let’s not tar and feather every owner that wants to sell at thier price and let’s not call every buyer that buys above market an idiot.
I think you can restore the frame houses all you want, but they won’t ever be from the 19th century!
Retraction–I guess my previous post was the dumb one, because obviously he’s not gonna get full asking price. Maybe he intends to offer an $11,001 reduction to buyers as a negotiating giveback, with the tantalizing prospect of then avoiding Mansion Tax. Sorry, I was a liberal arts major.
Not only is $1,011,000 an odd price, it’s a really stupid one regardless of whether the house is worth it. If he’d price the house at 999,999.99, potential buyers would doubtless be very pleased to avoid the accursed 1% “Mansion Tax” on anything over a million–a much smarter strategy than trying to wring an additional $11K out of the place, no?
so was 595 a below market number last year?
“That would have to be a record for the block. I doubt anything’s every sold for more than about $900K there.”
And one major idiot to set that record.
this block is to 19th century wood frames like S. Portland is to brownstones, too bad most are not restored and have vinyl siding on them. i think the block contains the largest collection of these wood frames left in NYC. imagine if they were all restored to real wood siding and had front porches.
That would have to be a record for the block. I doubt anything’s every sold for more than about $900K there.