House of the Day: 712 Degraw Street
At first glance, $1,395,000 for a house on Degraw Street sounded cheap to us. Now we’re not so sure. It turns out that the building is only three-stories tall and 16.5-feet wide. If the two-family house is truly in “great shape” and has “lots of original detail,” as the listing says, it could still be…
At first glance, $1,395,000 for a house on Degraw Street sounded cheap to us. Now we’re not so sure. It turns out that the building is only three-stories tall and 16.5-feet wide. If the two-family house is truly in “great shape” and has “lots of original detail,” as the listing says, it could still be well worth it There’s no mention of any significant renovation or upgrades since the property last changed hands in 2003 for $667,000 but a doubling in price in the last five years doesn’t sound crazy. Guess it all comes down to what those interiors look like.
712 Degraw Street [Leslie J. Garfield] GMAP P*Shark
Photo by Kate Leonova for PropertyShark
3:15 – and no worries since incomes have also doubled. Oh wait!
Oh yes, everyone I know in the burbs are just dying to move to the ghetto, live with 3 other families, and have a 5000/month mortgage. Thats a LOT cheaper than 450/month in gas. People are just lining up to move here for that reason. Are you people really that dumb?
100 so there!
The 3-br from yesterday was all a mistake by brownstoner. It didn’t recently sell. Which is why it looked like it re-sold for the same price. When in fact it was just reporting last year’s sale.
“Prices are only up 92% in the past 5 years in my neighborhood. So don’t give me this “doubling” hyperbole.”
Study percentages.
“Since 1999, gas has gone from an average price of $1.00 a gallon to now over $4.00 a gallon.
It’s not as if home prices are the only thing to double in a short amount of time.”
It was the FIRST thing to double in a short amount of time. Since 2001, housing WAS the economy. That’s where all this hyperinflation came from. Now it’s in deflation mode and will take oil and everything else with it. The only thing set to expand is the value of the dollar as the money supply contracts (higher interest rates, fewer loans).
Unless they find another asset class to blow…quickly. Green tech, alternative fuels?
This is so worthless, Mr Brownstoner what is the point of showing this house. No Pictures No Nothing, Are you getting paid to show this?
“Won’t some people need to sell who were counting on their stock portfolio to buffer their retirement? Dow is looking painful, with more pain ahead…”
Inevitably. Single file line please. No pushing, no cutting boys and girls.
Prices are only up 92% in the past 5 years in my neighborhood. So don’t give me this “doubling” hyperbole.