House of the Day: 500 Marlborough Road
This new listing at 500 Marlborough Road in Ditmas Park West looks like a lay-up at $1,350,000. The three-story Victorian woodie is in excellent shape as far as the original architectural elements go. (Love those parquet floors!) The bathroom and kitchen also look like they’ve been recently redone in a way that fits with the…
This new listing at 500 Marlborough Road in Ditmas Park West looks like a lay-up at $1,350,000. The three-story Victorian woodie is in excellent shape as far as the original architectural elements go. (Love those parquet floors!) The bathroom and kitchen also look like they’ve been recently redone in a way that fits with the overall vibe of the house. There’s also a shared driveway, to boot. Other than the heating bills, what’s not to like? Is there anything negative we’ve glossed over?
500 Marlborough Road [Mary Kay Gallagher] GMAP P*Shark
Brownstoner, you’ve gone too light with the gray for everyone else’s comments. Bring it back a notch darker, please.
I totally agree wtih 2:35, a “reasonable” $1.35 (we think its high), most buyers will still need to secure a jumbo mortgage for this property and given the current rates of these mortgages, we think its high.
This really needs to be consisered, because those who don’t need to secure a jumbo mortgage are most likely not moving to Ditmas Park.
Suck it 1:54
hmmmmm. “1.35 million to live in Ditmas Park…” still gets you a front porch, a house with character, and a driveway (yes shared is a bit of a drawback but not as much of a drawback as paying for a garage or dealing with alt. side parking). I think the market is already priced into this house. It would have listed for more in March. It’s listed for this much now. It’ll go for less, but not a whole lot less.
1:54, no, it’s not 2003 anymore. It’s also not March of 2007 anymore. If you read the papers, you know that the days of substantial year-over-year price gains in housing are done with for a while. Look at that Boerum Hill brownstone that sold last week — the offer was $200K+ below asking, and the owner took it after the property had been on the market for a week. 1.35 million to live in Ditmas Park at a time when it’s increasingly hard to get a jumbo mortgage at a reasonable rate seems absurd to me. Regardless, it’s definitely not a “layup.”
We’ve been looking in the area for about two years now, so this doesn’t seem out of whack to me at all given the condition of the place. Shared driveway is kind of a drag though. And if the shingles are indeed not wooden another drag.
Hmmm, looked pretty sweet to us…is this really such a high price?
the shingles are unpleasant creosote or tarmac or asbestos based or whatever they are.
I think the price is the main negative, it has been quietly available for a month now at 1.35m firm, and no takers. The backyard is also pretty small compared to what commonly comes up in the area.
1:46, it’s not 2003 anymore.
Uh, the price, Stoner, the price. If it were 300k less, we’d take it.