House of the Day: 30 Orange Street
After 10 weeks on the market, the four-story brick house at 30 Orange Street in Brooklyn Heights just had its price reduced from $3,100,000 to $2,900,000. At first glance, this appears cheap for the neighborhood, until you realize that the house is only 30 feet deep. As a result, the square-foot count is only 2,400,…
After 10 weeks on the market, the four-story brick house at 30 Orange Street in Brooklyn Heights just had its price reduced from $3,100,000 to $2,900,000. At first glance, this appears cheap for the neighborhood, until you realize that the house is only 30 feet deep. As a result, the square-foot count is only 2,400, putting the price-per-square-foot at about $1,200. We just posted a decent comp yesterday: The 2,344-square-foot brick house at 38 Cranberry recently closed for $2,700,000.
30 Orange Street [Brown Harris Stevens] GMAP P*Shark
The What can no longer afford to drive from Jersey to Brooklyn. Thank god.
The house is way over priced. Try under $2.5
OK, it could be a maple with curly branches or something.
I disagree with poster above who says people don’t care about real estate anymore. There are a lot of people out there sitting on cash and watching the market carefully.
Furthermore, there are markets for every budget. I heard a piece on NPR this morning about Arts and Crafts bungalows in Detroit on the market for $10-30K.
Listen to this:
http://www.npr.org/templates/story/story.php?storyId=89831085
“A complete restoration is required, including plaster work, plumbing, electrical, and mechanicals.”
That doesn’t turn me off in itself.
The upside to a family owning a house for a very long time and not touching anything is you get more intact original detals. Also a house is usually in overall better shape when it’s been owned for decades by one family than when it’s passed through many owners and renters.
4:23, I agree the asking price still seems high and I think it will come down as well. Your point about not being able to move in is also well-taken given the nature of the work required.
But a single family home in that location on that block is prime. While it doesn’t compare to the comps in the $2.9MM range in the area, I don’t see it going for under $2.5MM.
It is a very cute house for a small family. I think the size is just right but the price is XL.
It also sounds like you will not be able to move in for 6 months to a year while you renovate.
I think I can live without it.
Hey The What. Gee, I missed your topical, intelligent and always hilarious posts. And your gay bashing never gets old.
Oddly though, I still own my place and it’s not in foreclosure, I managed to keep my job and I can still afford to eat and drink. Anyway, I’m sure that will all change very soon as you’re always prescient and right about everything. Thank you for reminding me it will all come crashing down very soon, though. Thanks also for always remembering to mention me. Your little obsessive crush on me is so cute.
I hope you’re doing well.
Hey Brownie, How the fuck you doing?! I see the blog going down faster than Biff Champion at a bath house! You suck and this blog sucks.
Do you know why traffic is slowing? Because no one gives a fuck about Real Estate any more! People are trying to get by with high cost of food and gas! The is the consequence of a policy of wanton inflation and greed! Gas FUCKING 3.59 a gallon!! Guess what gas is food and plastic.
The people who read this site cannot afford the prices, why do you post that shit here? BTW The whole neighborhood is in foreclosure!!
Yep Brownstoner, I taking great pleasure of watching you go down!
The What (Fuck You)
Someday this war is gonna end…
20×50 lot. No yard at all and total reno required. Priced too high.
Hal, I don’t disagree with what your saying and as skeptical as I am with brokers, I’m wondering if they were literally describing the tree’s branches. It seems odd anyone would care about the character of the grain unless they were going to chop it down and put the proceeds towards the mortgage.
I was kind of laughing at the virtual fine print footnote-like complete restoration reference. But at least they put it in there. Not sure Corcoran would have added it.