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]
1.4M 4 years ago? So now it should be at least 4M, right?
It’s an okay, nothing special house in a spot that is a mixed blessing. On the one hand, being on the park is awesome, and on the other hand not everyone wants to live right on a major, multi-lane avenue (unless you’re at least 10 floors up). I’d rather get a nicer place on a quiet side street. So I fail to see how anyone could deem it “underpriced.” You’ve been listening to Brownstoner too much.
On one hand, it’s a fantastic house–very unusual, maybe even unique for the neighborhood.
OTOH, it’s on PPW. That would be a BIG turnoff for me, I don’t care how great the house is. Speaking for myself, in this part of NYC, I don’t know how much of an amenity a driveway is.
Maybe people who are looking for houses in PS are looking for brownstones/limestones–19th c. row houses at least–and this doesn’t fit the aesthetic bill.
I want to see a show of hands. How many of you bloggers can genuinely say, they are able to afford a house at this price? You might as well live in Manhattan for $1000 a square ft.
gotta be the continuing price chops that are scaring people off. You’ve got off-street parking, a roof deck and park views; so what’s the problem here?
$3 mil seemed high but not outrageous (but perhaps it was as that’s BH pricing…) I’m guessing that because it was built in 1928 it doesn’t have high ceilings or fine wood moldings that brownstones or limestones have. Anyway, I’d love to live there.
abcdz…are you sure its a shared driveway? My grandparents had one of those. It does keep people from parking their car, no matter how expensive, from the front part of the house though.
I also think it takes a special buyer to want to live in a house on PPW.
Yes, you have Prospect Park as your front yard, but the street lacks the intimacy and charm of the tree-lined side streets in Park Slope.
Every time I walk by this house I notice how cold it is out front. Lots of cement because of the driveway and it doesn’t feel welcoming somehow. Not to me, anyway.
I wish they’d plant a huge climbing rose or something over that archway over the driveway. It needs some more curb appeal.
This house last traded at $1.4 million in 2004.
definitely agree that overpricing at the outset hurt this seller big time. I don’t have much opinion as to whether this is now priced correctly but basically you would have to be the kind of person who could buy this entirely outright.
Nokilissa…email me…davebedstuy@yahoo.com