House of the Day: 1549 New York Avenue
This is one flip that has flopped. The unattached, shingled house at 1549 New York Avenue was purchased for $820,000 in March of 2007 and was promptly put back on the market for $1,300,000 in July. Then it sat, and sat, and sat, until it was lowered earlier this week to $975,000—certainly one of the…
This is one flip that has flopped. The unattached, shingled house at 1549 New York Avenue was purchased for $820,000 in March of 2007 and was promptly put back on the market for $1,300,000 in July. Then it sat, and sat, and sat, until it was lowered earlier this week to $975,000—certainly one of the more dramatic price cuts we’ve seen recently, but clearly a much needed one. The house is quite charming (though we’re not loving the kitchen and bathrooms) and has a two-car garage to boot. Can any readers speak to what this block is like?
1549 New York Avenue [Douglas Elliman] GMAP P*Shark
Very nice house with nice details. But $820k in March ’07 seems quite frothy even for the peak of the market. Its no longer the peak of the market.
Kitchen is awful. Bathroom? Awful. What’s with the orange paint in the attic/loft/junk room? Can’t even be bothered to pull the brown curtain over the kitchen window off the sill so that it hangs properly? And who puts a bed behind a door, for heaven’s sake?
This is a cute Victorian home with lots of original detail. How, then, did these people create this impossibly depressing scene, from the weird dishwater exterior paint color to the gigantic H&M dressing room mirror over the fireplace? They should pull every stick of furniture out of the place and photograph it empty, so off-putting are the “decorating” choices they’ve made. Seriously. These people seem insane.
And a million dollars in East Flatbush? Puh. Leez. I’d offer $700K. Might even ask for a credit at closing to rip out everything and start over, just to make a point.
Thanks again, HGTV, for convincing the morons among us that anyone can slap up a kitchen and bath and expect to make $150,000 profit in one year.
It’s a gorgeous house. If it were in any other neighborhood, that’d bear a mention first, wouldn’t it? And according to the map it’s near Brooklyn College? That’s not such a bad area, right?
Anyways, I don’t know about the location, and the price seems suspiciously high even reduced (I’d wonder about shifty appraisals), but just on a gut level, that’s pretty much the kind of house I wish I could afford to buy.
And if it was $500K I’d certainly move there to do it.
I see the gentrified/ghetto/racist talk starting to creep back in today….
This is East Flatbush, a couple of blocks from Flatbush/Nostrand Junction (ie-next to the new Target). This area used to be very nice and safe 20+ years ago. The area has alot of old Victorians and similar houses. But that price- even $820K is very high for the area, as it is not gentrified by any means. The buyer got duped… and will lose alot more on his purchase.
Eh.. Foreclosure.. Why you ask? The Asshat thought he was going to sell it fast. It sat there with NO INCOME and it might have a Lis Pendens on it…
The What
Someday this war is gonna end….
$820K sounds about the right asking price.
If the price for this house were to be reduced by half of what they are now asking, it still wouldn’t get a buyer.
Um…East Flatbush?