House of the Day: 328 East 7th Street
We’re not sure what to make of this house at 328 East 7th Street in Kensington, partly because there’s a lack of decent photos on the listing but also because we’re not as well versed about comps in this neck of the woods as we should be. (We did notice, however, that a similar house…
We’re not sure what to make of this house at 328 East 7th Street in Kensington, partly because there’s a lack of decent photos on the listing but also because we’re not as well versed about comps in this neck of the woods as we should be. (We did notice, however, that a similar house at 398 East 5th Street went for $690,000 earlier this year.) Regardless, with an asking price of $749,000, this strikes us as a potential alternative to a small two-bedroom in nearby Park Slope. It also looks like a house where there may be the opportunity to add some value through some TLC. Think it looks interesting?
328 East 7th Street [Corcoran] GMAP P*Shark
Photo by Nicholas Strini for Property Shark
For anyone out there still contemplating this house …. It’s had a further price reduction to $719,000. The exterior is comparable to other houses on the block, the block itself is very nice, and there’s a decent sized backyard and basement. The kitchen is great. Every other room needs significant plaster work, and the floors are in mediocre-to-bad shape. You would be committing to at least $200k in interior improvements. And you’d probably want to get rid of that enclosed porch. And I don’t know about any structural issues. Still, 4 bedrooms, nice block. For — say — $650k, this might make sense. Probably in five years it will seem like a really good deal.
For anyone out there still contemplating this house …. It’s had a further price reduction to $719,000. The exterior is comparable to other houses on the block, the block itself is very nice, and there’s a decent sized backyard and basement. The kitchen is great. Every other room needs significant plaster work, and the floors are in mediocre-to-bad shape. You would be committing to at least $200k in interior improvements. And you’d probably want to get rid of that enclosed porch. And I don’t know about any structural issues. Still, 4 bedrooms, nice block. For — say — $650k, this might make sense. Probably in five years it will seem like a really good deal.
The housing stock and layout in Kensington, even pre-remuddling was never as nice as Midwood or Ditmas. So, I would not consider it an alternative to those areas nor is it an alternative to Brownstone Brooklyn. That said, the area still has charming homes with early 20th century details that would appeal to someone who can not afford a million dollar plus home with the same aesthetics elsewhere. I can easily see how one can be scared away due to the lack of curb appeal. The owners of the homes that I have been in have done wonders with their interiors though. They will, I’m sure get around to the exteriors.
12:11 asked:
“Is Kensington the same as Prospect Heights was 10 years ago?”
Well, without being near the biggest and best transportation hub in Brooklyn, and without any brownstones to speak of, sure I guess.
Kensington is a good and more affordable alternative to Ditmas or Midwood. It’s not an alternative or option for those who definitely want to be in an historic brownstone neighborhood located closer to the park and more transportation options. But it’s cute and I think this house has charm.
What do they smell like?
I smell a happy ending broker
A happy ending in Crown Heights will be worthless when AY is built.
Someone call thE ASPCA. The dog in the photo is need of a happy ending too.
You could get a 2 handjobs in the North Slope for what Cindy’s trying to charge for a Crown Heights rubdown. Not worth it. Probably poor details and a poor interior shots.