House of the Day: 181 Midwood Street
The three-story (well, two and a half, really) limestone house at 181 Midwood Street just hit the market this week for $925,000. While it may not look like a bargain on a per square foot basis, this four-bedroom place feels pretty realistically priced to us, given that it’s on a great street and in excellent…
The three-story (well, two and a half, really) limestone house at 181 Midwood Street just hit the market this week for $925,000. While it may not look like a bargain on a per square foot basis, this four-bedroom place feels pretty realistically priced to us, given that it’s on a great street and in excellent shape. We’re kinda curious about the open layout in the front of the parlor floor. Is it typical of houses on this street to have not have a wall separating the entry hall from the front sitting room? For the curious, there’s an open house on Sunday from 3 to 5.
181 Midwood Street [Brown Harris Stevens] GMAP P*Shark
Photo by Nicholas Strini for Property Shark
I’m stunned at this price.
the maple st. house next to Flatbush has some big drawbacks, although maybe the decent price reflects that.
apparently the previous owner’s son had some “anger issues” that might give a buyer pause!
as for the house on maple II, i agree they are comparable, but I’d say that was a really good deal and this is still a good deal.
there ain’t much out there like this for under a mill
I would not say that $799 is too much for the Maple house. Aguyayo has a 2 story 2 family on Lefferts Ave. It was listed for $769. My friends bid $775, and they did not get the house. They were told that there were offers at $800K. The house needed kitchens, baths and cosmetics.
This house is comparable to the identical 2 story on Maple II that sold for 850K in November. And another 4 story on Midwood (in the same row as 52) just sold for 1.3M–it was in similar if not better condition to this one. This house is not worth more than 2/3 of that house, which was twice as big!
I do agree that the parlor powder room is overrated. That’s like wanting double sinks in the master bath.
This house will definitely sell at our above asking price.
Not everybody wants or needs the excess space in one of the 4-story homes (I own one of those). A family would have plenty of space here.
And you are in and out for under $1 m. That is a good deal for a great house on a great block.
I agree with Bob Marvin 100% about the open layout. It is a big plus.
And the no bathroom on the parlor floor is no biggie, although it would be a plus to have a powder room.
You still don’t have to walk up or down from the bedroom to pee (like I do in my 4-story house!)
As for 52 Midwood, it’s a different animal that would attract a different kind of buyer.
But suffice it to say that this house is definitely worth 2/3 of whatever they get for 52. That’s a no-brainer.
BHS recently sold a 3 story house on Rutland II for around 1.3. I saw that out of curiousty (I live on the block) and it was gorgeous. All new everything and to-die-for kitchen and bathrooms. Great details in perfect condition. And a very nicely landcaped garden.
I live in a 2 story and I’ve never heard of one selling for more than mid 900K. But someday…
As for the Halstead house, yes that price is irrelevant. The brick houses are always cheaper and that is too close to an apartment buidling and too close to Flatbush. It would be a lot more if it were further up the block.
well there isn’t much of it, but what is there is choice.
The bathroom thing is a problem.
925 seems a bit high.
but 825 doesn’t.
the extra 100 could go
to putting in a new bathroom and maybe central air.
the backyard is really nice.
Huh, I’d heard from what I thought was a reliable source that 52 went for just above asking. I do know that the sellers have school-age children and that they’re planning to move up to the Westchester area, so I can’t imagine they would want to close on the house before the end of the school year. But perhaps I’m mistaken.
1:15, I think Brown Harris recently sold a mint house with about the same amount of original detail on Rutland II, two stories with a finished garden floor, for somewhere in the $1.2 range. Not sure how 181’s kitchen and baths would compare to that since there are no photos up on BHS, and who knows how finished out the basement at 181 is, but still, I don’t think $850K-$925K is the limit for this sized house in the neighborhood.
As for the Halstead house, I haven’t been inside it, but it looks to have some fairly serious drawbacks online and from the street. It’s only one house away from a big apartment building on that block and very close to commercial Flatbush. It also has no backyard to speak of (the property is all paved to form a shared driveway). The two houses are markedly different.
I’ve been looking in Lefferts Manor and this house (which is too small for me) is definitely not a bargain. The “very high” prices in the area have been for 4 story houses in mint condition. The non-mint houses haven’t been moving–such as the 3 story brick on rutland for 895K and the 3 story limestone on Midwood for 1.2M and the 2 story brick on Maple for 750K. The Rutland house Bob refers to, I think, was a lovely 3 story brownstone in excellent condtion. I did hear that it sold for under asking, but who knows.
And, if a mint 3 story brownstone sells for 1.3, then a mint 2 story should be around 900K.