House of the Day: 190 Lincoln Road
Here’s some classic PLG-y goodness for ya. The one-family house at 190 Lincoln Road is an estate sale asking $995,000. We’re loving what we see—parquet floors, pier mirror, original paneling—but, given the work that’s going to have to go into the bathrooms and kitchen alone (and the fact that it’s only three stories, including the…
Here’s some classic PLG-y goodness for ya. The one-family house at 190 Lincoln Road is an estate sale asking $995,000. We’re loving what we see—parquet floors, pier mirror, original paneling—but, given the work that’s going to have to go into the bathrooms and kitchen alone (and the fact that it’s only three stories, including the basement), we’re a little skeptical about the price. Six months ago, maybe. Now, seems like a stretch. What do the locals think?
190 Lincoln Road [NY Times] GMAP P*Shark
Thanks, Bob. We’ve corrected the link in the post.
This house is 4 floors: garden, parlor & top floor PLUS a cellar. The craigslist house is 3 floors: english basement, parlor and top floor. There is no cellar in the Craigslist.
Price seems very reasonable for the neighborhood. This is not at all one of the smaller PLG houses.
Here’s the correct link for the Lincoln Rd. house Mr. B was writing about:
http://realestate.nytimes.com/sales/detail/376-206
If it was only the credit bubble, why aren’t the condos and coops flying off the shelf?
Because they aren’t. People want houses.
Bob Marvin:
I’m guessing you’ve seen this place. And you’re saying its a full 3 floors w/a basement. Not bad…
Its still a bit over priced. 3:22 is right on, it was the credit bubble.
GTFOOH, 3:16. It was the credit bubble.
I think the rising prices for houses in neighborhoods one wouldn’t normally anticipate spending a million for, is all about people’s great desire to have a house. For so long in all of NYC, people were completely content to have an apartment. A small one at that, even if they were relatively wealthy. Could be due to changing demographics, or “greening” of the world and people demanding a yard. Used to be New Yorkers craved cement and crowds and for everything to be very urban. Now there’s a Brooklyn farmer dude on the cover of New York magazine. A little patch of grass speaks to something in us.
BTW, it’s correct that this house has “only three stories, including the basement” but that basement, like the one in my own house and most high stoop brownstones, is what most people would call a ground floor. There’s a full (albeit windowless) cellar under it.
IIRC from when the link was working last week, this house, like the one “tomgee” posted also was advertised as needing TLC. I also think it specified that it was an estate sale. This house is larger than the one the previous poster provided a link for, so they may be priced comparably on a per sq. ft. basis. These houses are both on the north [Lefferts Manor] side of Lincoln II (Bedford–Rogers) which is a very nice block. IMHO these “old lady” houses (in PLG or ANY other brownstone neighborhood where they still exist) can be a very good deal because you’re not paying for someone elses taste in renovation. The ad for the smaller house says that the owner is “ANXIOUS to Sell” so, I’d imagine, there might be a lot of room for negotiation.