House of the Day: 72 Rutland Road
This four-story limestone house at 72 Rutland Road is on one of the best blocks in Lefferts Manor and has plenty of nice original detail (“6 Fireplaces with Mantels, Built-in Shutters, Pocket Doors, Parquet Floors & Beautiful Mirrors with Amazing Wood Work,” says the listing) going for it. The kitchen’s a tough sell, though, and…
This four-story limestone house at 72 Rutland Road is on one of the best blocks in Lefferts Manor and has plenty of nice original detail (“6 Fireplaces with Mantels, Built-in Shutters, Pocket Doors, Parquet Floors & Beautiful Mirrors with Amazing Wood Work,” says the listing) going for it. The kitchen’s a tough sell, though, and the bathroom decor’s not going to be for everyone. Seems to us that any house in this area asking $1,525,000 should be close to perfect on every account. Think they’ve got a shot at that price?
72 Rutland Road [NY Times] GMAP P*Shark
I wasn’t using the $750,000 as a “comparable,” I was pointing out that these small realtors always price houses far too high and then the prices drop significantly. And that house was not a “small horrendous dump.” It was a three story brick with a gorgeous exterior, loads of original details, about 3,000 square feet, and a garage. It needed major work, but it was a very nice house (yes, I saw it).
As for 146, I saw that too and it was completely renovated. I’m sure this house could sell for 1.3M or even 1.4 if it were completely renovated too, but it is not. And 146 is on the the second block of Rutland, which is far more desireable than the first. I’ll bet this goes for 1.1, as others have said.
A different house on Rutland (gut renovated, but sadly removed of most original details) just sold for significantly above it’s asking price of $1.225MM.
See 146 Rutland on streeteasy.com or natefind.com.
Closed at the end of September, significantly above its $1.225MM asking price.
Not at all saying that 72 Rutland is worth anywhere near what they are asking, but I would agree with 1:26p that this one goes above $1.3MM, especially since 146 Rutland is more comparable than the tiny, horrendous dump on Rutland that 6:03pm uses for an inaccurate comparable.
“House on Rutland, house on Midwood, house on Lincoln–they all started really high and sold for 3000-400K below the initial asking.”
That’s correct. The house on Rutland Road that was listed by Century 21 started at $1,150,000 and sold for $750,000 (per Property Shark). That is a $400,000 drop!
“You guys are insensitive jerks! West Indian old school people tend to put plastic on their furniture.”
Yeah, I know. I’m black. My Grandma was from Barbados!
1:32 PM, 10/31
“Bid 1.3M for this house and you won’t get it. That’s a fact.”
Wait 3-5 months and you’ll get it for 1.1M. Check the sales of the other “small fry” firms’ listings. House on Rutland, house on Midwood, house on Lincoln–they all started really high and sold for 3000-400K below the initial asking. Those listings–like this one–are unrealistic. BHS or even Corcoron would never have lsited this house this high.
“You have to love it and spread the word, or else you’re in the hole a million dollars.”
No, not exactly. I love it because I actually love it, and I’m in pretty good shape equity-wise, so I’m not “in the hole” a million dollars. I actually like the place. Sorry to disappoint you.
You guys are insensitive jerks! West Indian old school people tend to put plastic on their furniture. I am tired of this blog and your insensitivity to other cultures. I hope the black people in the areas you want to live in wake up and decide that their houses are worth something and stop selling to you then let’s see how much their furniture disturbs you jerks
Of course you are.
You own now. You have to love it and spread the word, or else you’re in the hole a million dollars.
Crown Heights is a great place to live, period. It has problems like anywhere else, but the home I purchased there is a great investment, mainly because may family and I are comfortable and happy there, even more so than when we rented in Park Slope and Prospect Heights.