House of the Day: 125 Cambridge Place
Crazy asking prices don’t do anyone any good. Case in point: This three-story (four if you include the basement which has been finished to create a second duplex) woodframe house at 125/127 Cambridge Place in Clinton Hill. It’s been sitting on the market for the last 10 weeks with the silly price tag of $1,999,999;…
Crazy asking prices don’t do anyone any good. Case in point: This three-story (four if you include the basement which has been finished to create a second duplex) woodframe house at 125/127 Cambridge Place in Clinton Hill. It’s been sitting on the market for the last 10 weeks with the silly price tag of $1,999,999; it was purchased for $950,000 in 2005. It has less than 3,000 square feet, even counting the finished basement, and the recent renovation is clearly not considered worthy of displaying in photos on the listing. Both duplexes are currently rented, so perhaps the owner’s not really serious about selling but happy to part ways with his house if a greater fool comes along.
125 Cambridge Place [Corcoran] GMAP P*Shark
Is something Wacky happening with the posts…or does a ‘Guest’ have too much time on their hands.
No recessed lighting? Then they can shove this house where the sun don’t shine.
But probably worth it, no recessed lighting!
Just goes to show you all the thieves in CH ain’t 16yo kids…
“Oh there you go, The What @ 2:35. I thought you were constipated (punch bowl) today. How was your 4th? Anything anecdotal (gas stations, restaurants, etc.)?”
Take a walk down to Atlantic Center and Downtown and BTW look at traffic! We are is some interesting times.
I’m very afraid about the next shoe to drop.
The What
Someday this war is gonna end…
Oh there you go, The What @ 2:35. I thought you were constipated (punch bowl) today. How was your 4th? Anything anecdotal (gas stations, restaurants, etc.)?
I saw this house (when it was being handled by a small no-name broker) after they renovated at least two but maybe three years ago. The renovation is unbelievably crappy–a buyer would have to rip out all the new work and start over.
I was actually embarrassed for the guy at the open house; he was trying so hard to put a good spin on it all!
I looked at the BIS and it seems that there are no sign offs for the work done.
There is also a Stop Work Order due to illegal work done.
There are 2 pending ECB violations and one which has a penalty of $2,500.
There is a plumbing permit (A2) which has NOT been signed off.
This house is a disaster.
$2 Million? HAHAHA!
I really don’t understand Wells Fargo. According to PropertyShark, they issued Mortgages for over $1.3 million. It could be more, but I didn’t want to waste my time and read all the Wells Fargo Agreements to see if they replaced or added to existing loans.
There could be Mortgage fraud here. I can’t see any comparables which would justify the Mortgages or the Sales price.
This POS has been on the market since 2005! The Asshats was trying to get 2 million for it (No BS)!. Then the Asshats realized that POS is worth 900k at best! Now the rented it out to the new Asshats paying a premium to live here.
The biggest story of the day is Fannie Mae and Freddie Mac!!!!! This is Code Red Alert!! The stock has taken a beating today on heavy volume! The rumor is they are going to zero and they are Bankrupt!!!
Freddie Mac, Fannie Mae Plunge on Capital Concerns
http://www.bloomberg.com/apps/news?pid=20601087&sid=asb4r81Ls6kE&refer=home
Freddie Mac fell as much as 29 percent and Fannie Mae dropped as much as 26 percent, reaching their lowest price in 13 years, after Lehman Brothers Holdings Inc. analysts said in a report today that an accounting change may force them to raise a combined $75 billion in capital. Speculation that the companies may take further writedowns also weighed on the stock, said John Tierney, a credit strategist at Deutsche Bank AG in New York
This happen today!!! Right now!! If these Institutions fail, we are FUCKED!!!
I thought the fun would start this Fall but now I think we are is some trouble! Plus the Asshats can say all they want about me but, YOU ARE FINISHED!!!! GAME OVER!!! DONE!!! KAPUT!!!
The What
Someday (Soon) this war is gonna end….