House of the Day: 56 Hawthorne Street
This three-story, bay-front house at 56 Hawthorne Street in Prospect Lefferts Gardens looks mighty sweet and priced quite fairly at $999,000. The regular reader who tipped us off to the listing (and lives down the block) writes, “I’ve seen it and it’s gorgeous, though the top floor needs plaster repair and painting.” The only quibble…
This three-story, bay-front house at 56 Hawthorne Street in Prospect Lefferts Gardens looks mighty sweet and priced quite fairly at $999,000. The regular reader who tipped us off to the listing (and lives down the block) writes, “I’ve seen it and it’s gorgeous, though the top floor needs plaster repair and painting.” The only quibble we can imagine people having is that the kitchen appears not to have updated in a while. Looks fine, though. Anyone else seen it?
56 Hawthorne Street [Aguayo & Huebener] GMAP P*Shark
This house was put on the market about 6 months ago but must’ve been taken off shortly thereafter. It hadn’t been listed via any of the usual sources until last week.
I agree with 8:16–how can Brownstoner call this house “quite fairly priced” when it has been on the market at the same price since April? If the price was “fair” for the market, it would have sold 6 months ago. The definition of overpriced is ‘does not sell.’
Gorgeous house. Mediocre block. Fairly priced.
It’s very tough to understand Brownstoner’s logic when discussing PLG pricing. He’s criticized many more expensive (and clearly superior) homes in PLG as overpriced. Perplexing.
Yeah, The Who Here again.
That was exaclty my point before.
All I’m saying is that these forums should be about the house being discussed. We don’t need a synposis of the housing situation, specially as seen through one pessimist’s eyes, i.e.”The What”
AAhhh my son. How did you escape from you mother’s mouth?
Damn, I need to be more careful.
Oh yeah, I’m not going no where… Heh heh eh………..
Agreed 6:27 – Just got an awesome rate on a jumbo last week. Fico is over 720, but the rate was not much more than it was 3 months ago when I started loan shopping.
I’m not all that convinced that issues in the subprime credit markets are going to have a big effect on the prices of $1MM homes in Manhattan and Brooklyn. I just bought a brownstone a few blocks from this one (in contract a week ago, mortgage approved this week). I didn’t have any trouble finding a loan at a good rate (and we have to keep “good rate” in historical perspective), and I don’t have perfect credit (FICO below 720). I was definitely expecting it to be a lot more expensive and burdensome than it turned out to be. I think the alarmism sells more newspapers than the reality, though.
Unfortunately, I don’t see how you can talk about a home without getting into whether it’s worth the price. And you can’t evaluate that price without understanding how the credit markets are affecting who, exactly, is competing to buy the house. This is not a money-is-no-object offering–it’s just a middle-class house. So there’s a significant chance that buyers are going to be affected by tanking loans, both in terms of neighborhood stability and getting financing themselves. Whether the seller is taking all this into account (I don’t think he/she is) is a relevant consideration–at least as relevant as gazing at six photos. The OP’s comment is too general to be helpful, but that general level is affecting issues like whether all those original details add up to the asking price in the current market.
And without considering price, it’s just house porn, which is boring.
Fuck The What.
I saw this at least 5 months ago. It is nice and certainly has potential, but the block is not that nice and it certainly isn’t like Midwood or Maple or even Lincoln. For 1 million in PLG I expect mint condition fully renovated. I wouldn’t buy this for more than 800K, so that I could spend the needed 200K on it and stay under a million. I’ve seen much nicer houses in Lefferts Manor for about the same price.