House of the Day: 64A Clifton Place
The photo of 64A Clifton Place speaks for itself—Beautiful old Clinton Hill brownstone fallen on hard times. The listing for the 18-by-40-foot house says there are a few original doors left in the place, but overall you’re looking at a complete gut job. The house is asking $899,000, or about $300 a foot. (Quite an…
The photo of 64A Clifton Place speaks for itself—Beautiful old Clinton Hill brownstone fallen on hard times. The listing for the 18-by-40-foot house says there are a few original doors left in the place, but overall you’re looking at a complete gut job. The house is asking $899,000, or about $300 a foot. (Quite an uptick from the $425,100 it traded for back in 2005. Interestingly, the current owner took out a $650,000 mortgage from a private non-bank lender back in April of this year.) What do you think a reasonable price for the gut reno would be? $500,000?
64A Clifton Place [Corcoran] GMAP P*Shark
Whoo Whoo Lookie here! More Assholes. Brownstoner should do a asshole of the week segment. LMMFAO!
Mortgage-Relief Plan
Divides Neighbors
http://online.wsj.com/article/SB119785633408932917.html
Oh Wait! This part is rich!
The Oropezas arrived at Calle Canon Road in 2004. Corona appealed to them because of its quality of life and regional cachet. “It was labeled as the new Orange County,” Mrs. Oropeza says. Public records show they paid $557,000 for a four-bedroom house and took out a $500,000 mortgage. Her husband is an area manager for an auto-parts retailer and she is a purchasing manager for a firm that sells dietary supplements.
As property values skyrocketed, they refinanced three times, most recently in late 2006, for $835,000, Mr. Oropeza says.
The couple say they used some of the money they pulled out of the house for home improvement, such as a backyard waterfall. But Mr. Oropeza says the bulk was used to pay off credit-card arrears. “We were in a vicious cycle of refinancing our home to get out of debt,” he says. “We banked on selling the house, but that’s where we failed.”
Yes you do phail asshat.
What you say the What! The Wall Street Journal! I thought it was Alex Jones or something.
I find it funny that you bitch and moan over my post. But America is going down the drain and no one comments on that. Give me a break!
We are acing the worse credit crisis in our lifetimes. When the new year comes around we will be in FULL MELTDOWN! This is no hype but real. So suck up you pussies and man up!
The What
Someday this war is gonna end…..
BTW Look at the Toxic Brooklyn Movie. Shows what ASSHATS we have here.
http://www.vbs.tv/player.php?bctid=742311878&bccl=NzQxODkxOTgxX19ORVdT
Would love to hear Brownstoner actually comment on why he likes to have ‘The What’ post his inanity about buying gold and a*srape. He’s taken plenty of posts down in the past for lots different reasons. It’s not censorship– it’s his site.
agree 750,000 and this thing will be of the market tomorrow…
Sure- 750K would be great. That would make sense. 900- not so much. Can’t you buy a nicely redone one for around 1.1 or 1.2 in this area?
It will languish on the market for many months until some small time developer will buy it for 700K.
They will spend 150K-200K cheaply renovating and split it into 3 condos averaging 500K each. They will then handily pocket 400k – 600K in about 2 years.
Scary? Just looks typically neglected.
300 sq ft is not bad for a gut reno. 200 – 250 however is the norm, since the asking price for townhouses in the area is around 400-450/sq ft.
If they bring the price down to 750,000, it’s a good investment. I love this part of Clinton Hill.
I think the What is entitled to his opinion, I just wish he would express it less often. But what is with “Asshat”? Did the What invent that one? Never heard it before.
Looks like a prime candidate for a tear-down.