House of the Day: 386 State Street
Holy Fried Green Tomatoes! A certain actress (hint: not Kathy Bates) has decided to bail on the Boerum Hill townhouse she picked up only last year. What the 12.5-footer lacks in width it makes up for in exposed wood beams and marble fireplaces. The asking price of $1,465,000 looks low on an absolute basis for…
Holy Fried Green Tomatoes! A certain actress (hint: not Kathy Bates) has decided to bail on the Boerum Hill townhouse she picked up only last year. What the 12.5-footer lacks in width it makes up for in exposed wood beams and marble fireplaces. The asking price of $1,465,000 looks low on an absolute basis for the neighborhood but when you consider the four-story house is only 1,680 square feet, they’re hardly giving it away. Especially when last year’s market-clearing price was $1,275,000. It also looks to us like the house is completely devoid of its crown moldings. Mon dieu!
386 State Street [Corcoran] GMAP P*Shark
kuroko is right i think mr blank – and im pretty sure charlotte isnt going up anymore buddy-o-pal
oh..and Mrs. Limestone…
In all things real estate (and Freudian Slips) size matters.
I think it is asinine to think that this inelegant, stoopless, little house with a front door in the basement, is going to sell for 1.4 million dollars. I agree with the comment that if I were a movie star living here, I would get a new agent.
Hope that Watts gets her price–she was hot in Some Kind of Wonderful.
Why is it asinine?
I’m not saying that because they are declining in Ohio that this house should. I’m saying that recently published data, from industry sources, say that BROOKLYN TOWNHOUSES, have taken a dive.
State Street isn’t prime anything (Boerum Hill or Downtown), and this house is tiny and has lots of interior exterior issues. It’s not a piece of prime real estate. Period. Full Stop.
So, in my mind, MSM bought at the peek of it’s value. I think it’s more asinine to expect that it has risen in value than to think it has fallen.
I don’t think Kuroko needs to take advice from a “person” named jerri blank on Brownstoner.com.
Your logic is a little faulty, Kuroko.
Every home in the United States will not decline. Nor will they all decline the same amount. Many areas, in fact will not see declines at all most likely. Charlotte, North Carolina has seen a steady price appreciation even despite the credit turmoil.
To say every property should be priced lower than in 2007 is simply asinine. Sorry, but it is.
I don’t think Mary Stuart Masterson needs to take advice on how to price her home from a “person” named Kuroko on Brownstoner.com.
Well, if recent published data is true regarding the decline in “values”, anything bought in 2007 should be priced lower, right? 15% lower than the purchase price in 2007 would be $1,083,000.
Given where the market is headed, she might be advised to take a loss and move on.
Re: 3:40 PM …
Is that you, Mary?