House of the Day: 75 Fenimore Street
Here’s an interesting FSBO. The 1,872-square-foot brick house at 75 Fenimore Street is a comfortable-looking four-bedroom with its own driveway and garage. According to the Prospect Lefferts Gardens Historic District Designation Report, the house, which was built around 1920, is particularly notable for its “steep slate mansard roods and ornamental doorway enframements.” The asking price…
Here’s an interesting FSBO. The 1,872-square-foot brick house at 75 Fenimore Street is a comfortable-looking four-bedroom with its own driveway and garage. According to the Prospect Lefferts Gardens Historic District Designation Report, the house, which was built around 1920, is particularly notable for its “steep slate mansard roods and ornamental doorway enframements.” The asking price of $825,000 seems reasonable to us, but none of the similar houses to either side have changed hands in recent years so close comps aren’t available; a three-story brownstone across the street at 74 Fenimore Street changed hands for $550,000 in 2003. Think this’ll move at this price?
75 Fenimore Street [FSBO] GMAP P*Shark
Lot of haters out today..
I’d say this is a pretty good deal, for what we can see here.
this area is dead to me.
[2:19] Hi, 4:02! I think you mean “precinct,” not “district.” “Districts” are voting divisions for Council, Assembly, Senate, and Congress. Precincts are constabulary divisions, but are not arranged by neighborhood.
The 71st precinct covers parts of Crown Heights, Wingate, PLG and Flatbush. Some blocks and areas there are more or less dangerous.
This block of PLG/LM is quite safe… fortunately for those of us who live here. As I said earlier, if Caribbean people make you uncomfortable, please stay where you are.
As to the question of return on investment, it is imprudent & too speculative to buy real estate just for that. (The fact that PLG has been appreciating at a rapid rate notwithstanding… ) You want to enjoy living where you are, while you are there, right?
If you want the best return on your 5-year investment, may I suggest Cicso or Boeing? A more speculative-aggressive choice might be Phillips LCD.
Oh yeah, and anyone who can afford to buy a house in Harlem, I recommend they do it right away while we still have these rates.
This house is a cutie.
I especially like the old maid’s room at the back with its own stair.
Today, it can combine with the adjacent bedroom and bath to make a nice “parents’ suite” inside the house, apart from but handy to the kids.
I see an area like this as a potential risk. At the very least, I’ll wait to see how the high-end houses in Lefferts Manor that have been on the market for months fare. At the moment, no one seems to be buying there.
There were 11 murders in the 71st Precinct in 2007, which covers a lot more than just Prospect Lefferts Gardens.
Buy now! or pay high later.
It’s a hard call whether to buy right now. One the one hand, interest rates are still very very low, so payments on these prices are more affordable. And with inflation on the up and up, interest rates will almost surely rise sharply some time in the not so far future. On the other hand, with the economy in the state it is, it seems pretty inevitable that prices are going to fall drastically in this city. However, mortgage costs could stay the same with higher interest rates…