House of the Day: 855 Jefferson Avenue
The reader who flagged today’s HOTD for us thought that it was significantly overpriced at $1,150,000. While we doubt the seller (who also happens to be a Fillmore broker) will get his ask, we bet he’ll get within 10 percent of it — not too bad of a return considering he paid $499,000 back in…
The reader who flagged today’s HOTD for us thought that it was significantly overpriced at $1,150,000. While we doubt the seller (who also happens to be a Fillmore broker) will get his ask, we bet he’ll get within 10 percent of it — not too bad of a return considering he paid $499,000 back in the summer of 2005. The brownstone house (we’re guessing 1890’s) is stunning both inside and out, though the jury’s still out on the new kitchen. And while we’re not familiar with the block off the top of our head, the neighboring houses appear to be of equal architectural pedigree. Any recent comps or insider info on this place?
Listing #706047 [Fillmore] GMAP P*Shark
855 Jefferson Avenue [Craigslist]
Photo by Gregg Snodgrass for Property Shark
why is the buyer a fool?
3:50 – – The 3-story brownstones in your area ARE selling for $700-$725. Maybe you should ‘go figure’ what your home is worth, then!!
hey, people shoot people in park slope too you know. they shoot cops even.
anyway, the price seems high, yes, I’d guess mid-7’s. That being said, there is a pretty rich pocket of housing stock out here on the eastern seaboard of bed stuy. between patchen and ralph, or malcolm x and ralph, and stretching up from bainbridge or so that could be it’s own second stuy heights in a way.
Why does the buyer have to be a fool? Maybe he or she only wants that house.
The House is Nice and maybe some fool that reads Mr. Stoners daily posting might go and drive the market crazy in this Area, but the prize is just plain Crazy. I think 850,000$ in this block is even a stretch. Good luck to the buyer and becareful with the stickup kids that hangout on the corner of Ralf Ave.
I live near Ralph on Macon and my neighbor just sold a 3 story 2 family nowhere near as nice as this place for 710k. Go figure. This area has some great houses, just b/c it isn’t the Heights doesn’t mean the houses don’t have value. I do agree though that the price of this place is a bit of a stretch.
The area is very slowly getting better and if the increased hipster sightings is any indication of imminent improved services then the house values can only benefit.
2:56….and by everyone you claim to be moving to bushwick, you mean whom exactly? i don’t know a soul who lives in bushwick. i don’t argue that some people are moving to bushwick, but to imply it’s the hottest area for people to be moving, it simply is not true.
if you mean, 22 year-old college graduated hipsters who can’t afford williamsburg, then yes, everyone is moving to bushwick.
If the house is west/south of Broadway, it’s in Bed-Stuy. Broadway is quite a marked interruption to the street grid — and to building styles. It’s also more or less quite a noticeable ethnic border.
As an aside, the Bushwick hate on this Downtown-South Brooklyn brownstone cultural bubble site is palpable — however Bushwick is where everyone who isn’t brownstone obsessed is moving, especially renters.
@ anon 2:04pm
Are you saying that you think this property will appreciate 100-200K in two years?