House of the Day: 31 Prospect Park West Revisited
We’re not sure which rock we’ve been living under, but while we were asleep at the wheel 31 Prospect Park West has been in free-fall. The 2,800-square-foot one-family overlooking the park settled at $2,600,000 a couple of weeks ago, after starting at $3,250,000 in April and making stops at $2,995,000, $2,895,000 and $2,800,000 along the…
We’re not sure which rock we’ve been living under, but while we were asleep at the wheel 31 Prospect Park West has been in free-fall. The 2,800-square-foot one-family overlooking the park settled at $2,600,000 a couple of weeks ago, after starting at $3,250,000 in April and making stops at $2,995,000, $2,895,000 and $2,800,000 along the way. It’s now priced below $1,000 per foot and does have a driveway, so it’s gotta be getting close!
31 Prospect Park West [Corcoran] GMAP P*Shark
House of the Day: 31 Prospect Park West [Brownstoner]
Price History [StreetEasy]
Based on the interior decor, it is clear that the people who live here are not fancy, which means they’ve probably lived in this house a long time, which means even with a half million dollar drop they will make a massive profit. People who had bought in past three years would not be so amenable to dropping the price to meet the market – as the general stubborn insistence on unreasonable asking prices makes so irritatingly clear.
I love the eloquent and classy feeling of this house, especially the beautiful green walls that match the one seat chair and carpet. Too bad I won’t be living in Brooklyn anymore. I need more space.
Dave – you always have plenty to say and a lot of insight on certain topics. What do you think about this new house I just bought http://www.opal-ridge.com/thumbgallery.asp?propertyid=4&proppageid=41
This house is small compared to many other in Park Slope, has a tiny garden that is probably surounded by high walls, and the garage may be shared with the house next door… I think I saw this house when it was for sale four or five years ago. It looks nicer now but if memory serves the third floor had low ceilings, limited light and space. So basically two floors plus basement and ‘attic’.
I don’t think it’s a bargain.
I’m definitely surprised. Has anyone been inside? The kitchen remodel looks pretty bad, especially that granite. The other pics look good, though.
Aesthetically, this house is very attractive. No, it’s not a brownstone or limestone, and someone coming to PS might not be looking for something “different,” but that might simply be because they don’t know it’s there.
I agree completely, LilBitofLuck.
But I also think the price is getting to the point of almost being a good deal, for what it is.
During the peak (which in this area seemed to be last summer) there were a couple nice houses near the Park which went for over 3 million. I think one on Berkeley Place sold for close to its 3.4 million asking price.
So given the smaller size of this house and the softening market, I think 2.5 – ish will do the job.
I think that’s the same color green as in the Dyker Heights house. Yet, somehow it looks a lot more sophisticated.
If this were a highrise with tremendous park views then location would be an asset, but since there are no views (over the trees), I’d say this location is less desireable than a side street that has a greater sense of community and more intimacy. Nice floors though.
I always liked these houses(I used to spend alot of time in PS – looking at architecture and hitting the ps321 flea market).
Nothing architecturally significant about them, but it’s cute and PRIME location. Shared Drive isn’t going to deter people. It’s a guaranteed parking spot EVERY single day, no rolling around looking or alternate side to deal with.
A little sprucing up and it’s a fine house. Add over sized columns to the front, diner furniture, a chandelier, and a stone menagerie of animals to the front yard and a bidding war will ensue 🙂