House of the Day: 799 Carroll Street
Flip-o-rama! In one of the fastest turnaround’s we’ve ever seen, the owner who closed on this 4,728-square-foot house at 799 Carroll Street for $2,275,000 on November 9 of this year has already put the two-family charmer back on the market for, get this, $2,930,000! It’s obviously a very nice house, but not as stunning as…
Flip-o-rama! In one of the fastest turnaround’s we’ve ever seen, the owner who closed on this 4,728-square-foot house at 799 Carroll Street for $2,275,000 on November 9 of this year has already put the two-family charmer back on the market for, get this, $2,930,000! It’s obviously a very nice house, but not as stunning as some other houses that have come on the market in this price range recently. We’ve got no idea what the seller is thinking will justify the 25% price hike, especially since the market is arguably weaker than when he went into contract earlier this year. Is there a back-story that might explain this?
799 Carroll Street [Brooklyn Properties] GMAP P*Shark
Where’s the info that says it closed at $2,275,000? I have a hard time believing the sellers or brokers are handing out that info. I went to see it and the brokers did say that buyers were selling it soon after a purchase because their plans had changed.
As for condition: It needs all new kitchens (2) and baths (5.5). That should definitely take it down considerably from any comps in the area that are actually selling in the $3M range. The back yard is tiny and dark, but they all are up there. You can, of course, practically spit on the park out your window. The parlor floor was actually very bright with that huge bay window. It feels very unlike most brownstones. It feels very wide.
3:13, you are making the dangerous assumption this house needs no work
it’s not about 2 million vs. 3 million.
you’ve missed the point.
it’s about price per square foot.
sure, nice homes have sold for 2 million in park slope.
but they haven’t been almost 5000 square feet.
come on now. you should know how this works by now.
this is a more than fair price for the home, location, size…even with the recent correction in the market.
this would have sold closer to 3.2 million a year ago like the other similar homes in park slope did. one on my block sold for 3.4 in august.
I’m 2:20 and yes, I know of comps that sold for far less than 3 mil, closer to 2million and even below in the recent past. One 4-story brownstone on 3rd St and one on 5th (both bet 6/7 Ave) come to mind but I’m at work now and don’t have time to troll through property shark to find them. If anyone is really interested and wants to wait til I have the free time to prove this, I’d be more than willing (someone want to start a forum post thread on this topic?). But really, anyone who knows how to use property shark properly can find examples. There is by far too much sensationalism surrounding the few “trophy” properties that ask around 3 million – in my experience, there are certainly big, nice houses that sell for substantially less.
Good luck trying to finance this. The banks hate flips. You better have a big downpayment.
So 2:46 Why did the previous seller let you negotiate down by $374k after they’d already reduced the price by $100k? Did you have something on them?
And incidentally you obviously don’t have kids as you’d know that it’s called Pirate’s Booty! 😉
Just because grandma polished the linoleum does not mean the house is in good shape.
“do they really agonize over a couple hundred thousand?”
Yes, they do. How do you think they get wealthy in the first place? if they don’t, then they and their money are soon parted.
In my experience rich people are tight as a two-bob watch, as my grandpa used to say.
As much as I hate the thought, it probably will go for the asking price. When someone’s got that much money to spend on a house, do they really agonize over a couple hundred thousand?