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
I walk by the house almost every day and it is definitely worth what they are asking.
Frame house on the next block (outside the Manor distric) sold for $925K last year.
And no, prices have not dropped since then.
Little tutorial about the economy–it goes down and then it goes up.
That’s how it works.
“When Park Slope was in a similar stage that this area is in, the prices were almost a third of what this house goes for now.”
That might just be true–if you adjust for inflation I think it would show that PLG now is at least as good a deal as PS was back then.
Is this house in Queens?
The average salary has not changed much in the last 20 years, 2:48.
That’s part of the problem with home prices like this.
A huge problem, in fact.
Do what you want. I don’t think this area can sustain prices like this.
Bob, you forgot Composer’s Grove, the Peninsula, soon-to-be-refurbished Wollman Rink, and the south entrance to the BBG. This end of the park is beautiful.
And a townhouse in an historic district 20 minutes from Manhattan is a very good deal at this price. With a garage? Even if you didn’t drive you could rent it out and knock $25k off your mortgage.
“When Park Slope was in a similar stage that this area is in, the prices were almost a third of what this house goes for now.”
… And the people selling the houses in PS throught you were crazy for buying at that price back then. What’s your point. Your statment is nonsense. What was the average salary of a New Yorker then?
[2:19] LOL, Bob! Don’t forget the skating rink, the boathouse, and the botanic garden!
Fringe is in the eye of the beholder. Stay in L.I., Park Slope or Manhattan.
“not everyone who wants a townhouse can spend $2M to live in PH or PS or CH, all of which were once labeled fringe too.
And most important, it’s a great place to live!”
One difference oh young one.
When Park Slope was considered fringe, the homes sold for 200-300K.
Not almost a million.
Big difference.
Now you are paying for gentrification that has yet to arrive. It’s silly.
And I don’t agree. I think in 5 years these houses will be worth about the same as they are now.
And I’m not a renter, I’m just saying that as someone who has been watching the market closely and I don’t think ANY area is going to see much appreciation for another 5 years…certainly not fringe areas like this.
Think about how much 850K is and then walk by this house and tell me if you think it’s worth 850K.
When Park Slope was in a similar stage that this area is in, the prices were almost a third of what this house goes for now.
Think about that.