House of the Day: 224 Washington Avenue
Although there are no interior photos provided on the Two Trees website, we’re inclined to believe the verbiage that the brownstone at 224 Washington Avenue in Clinton Hill is indeed chock-full of historic details. The house was owned for decades by the same person and there haven’t been any renovations filed with DOB ever. As…
Although there are no interior photos provided on the Two Trees website, we’re inclined to believe the verbiage that the brownstone at 224 Washington Avenue in Clinton Hill is indeed chock-full of historic details. The house was owned for decades by the same person and there haven’t been any renovations filed with DOB ever. As far as we can tell, the owner died last year. Based on this article from the Daily News, someone recently bought the house from the estate and, in addition to booting the long-time tenant, is trying to flip it. Anyway, it’s a pretty safe bet that this’ll need some new kitchens and bathrooms in addition to some general tuning up, so you’re probably talking at least $200,000 in addition to the asking price of $1,795,000. If the details are intact, though, $2 million all-in for a killer house in this location ain’t crazy. Or is it?
224 Washington Avenue [Two Trees] GMAP P*Shark
Guest 3:08 – you mention only 2 public schools, do you have other examples? With all do respect, I echo guest 3:26 “what are you talking about?”
Are you representing that the majority of brownstone buyers buy because of the school district. If that is the case, why do well priced beautiful properties in Crown Heights and Bed-stuy sell so quickly?
Perhaps people buy because of school in New Jersey and Westchester. But as a whole, the new york public school system leave a lot to be desired.
I am not saying that all the schools are crap, but the vast majority test below state averages.
If and when I am (un)lucky enough to have children, I think that plan will be to send them to private school until high school age and hope they test well enough to get into BK Tech, Stuyvesant or BX Science…that is if my fiancée lets us stay in NYC that long…
this house should sell for 1.5 or less and i agree with the guy who said it would be worth 1.2 in a few yrs
bubbleland is over guys – all mortgage companies either blew up or blowing up, its hard even for prime guys to get a good mortgage, and even ny is now seeing declines in home prices….
but lets not say that too loud – some people still seem to have their heads up their arses
3:08-“Finally, there are VERY few private schools in Brooklyn – even if people want to send their kids to private, there are not going to be able to and will have to fall back on public schools.”
There are enough private schools in Brooklyn that kids travel from Manhattan to attend them. And there are many Brooklyn kids that attend school in other Boroughs; public and private.
With all due respect, what are you talking about?
Why wouldn’t someone be able to send their child to a private school?
The reason why people talk about school districts in which houses are located is because it is critically related to home values – and always has been here and all over the country. Of course it is not relevant to some buyers, but it still has a huge effect on house value to say you’re in ps 321 district or ps 29. If there are not good public schools you will be cutting substantially into potential buyers. I would wager that the majority of people buying brownstones in Brooklyn are people planning on raising families in them sooner or later. And yes, many many people who buy million+ houses send their kids to public schools – often they justify buying the expensive house in a place with decent public schools because they won’t have to pay for private school. Finally, there are VERY few private schools in Brooklyn – even if people want to send their kids to private, there are not going to be able to and will have to fall back on public schools.
In three years, that house will be worth 1.2 million AFTER has been renovated.
Real estate prices have trippled in the last ten years all over NYC. A fifty percent decline is to be expect given the upcomming recession and demise of the current mortgage system as we know it.
“You will not regret buying Clinton Hill ever”
Famous last words.
clintonhillhoya: of course you are right. i don’t know why people keep using the issue of schools to bash a real estate listing. don’t people realize that amount you pay on your place for being in a “good” school district is likely to be at least equal to the cost of private school. plus, there are of course–gasp!–people who don’t have kids as well as people whose kids have already finished highschool.
I will have to agree with guest 1:40. Clinton Hill will continue to appreciate over the long term. Such things such as school improvement will improve with time.
However, with sounding overly pretentious, does the typical buyer of a multi-million dollar property usually send her children to public school?
You will not regret buying Clinton Hill ever