House of the Day: 280 Lefferts Avenue
We can’t say for sure how much the market has risen in this part of Prospect Lefferts Gardens in the last three years, but we doubt the answer is as high as 70 percent. That’s that the owners of 280 Lefferts Avenue—which traded for $430,000 in 2005—are shooting for with their asking price of $724,000….
We can’t say for sure how much the market has risen in this part of Prospect Lefferts Gardens in the last three years, but we doubt the answer is as high as 70 percent. That’s that the owners of 280 Lefferts Avenue—which traded for $430,000 in 2005—are shooting for with their asking price of $724,000. The three-story, two-family house itself has some nice bones, though the kitchen, bathroom, back yard and front door aren’t going to win any bonus points. What can the PLG’ers out there tell us about this block?
280 Lefferts Avenue [Ahrlty.com] GMAP P*Shark
This area is much lighter on Foreclosures than some others. The lending must have remained in control.
Dave have you looked at the Reality Trac map for Bed Sty? You have to zoom in to be able to see any map – it is literally covered with forclosures 5 to 10 a block. More concentrated than anywhere else I have looked. The market could never absorb that many sales and the effect would have to spill into other areas.
Not expecting this to happen in Brooklyn but check this out;
http://www.detnews.com/apps/pbcs.dll/article?AID=/20080813/METRO/808130360&imw=Y
There’s a identical house in Lefferts Manor on Midwood Street selling for 799,000 (Corcoran). It needs work, but that is a much, much more desireable loction–and that house has been on the market for ever! If that one can’t sell for 799,000 I seriously doubt this one –on Lefferts, outsiude of the Manor– can sell for over 699K. And the fact that similar homes sold for more in January is irrelevant. In some areas, prices are down a lot since then
MacD…saucer of milk?
I’m sorry DIBS, did the block you are living on now win a “greenest block award this year?” I must have missed that in the press release. I trusted you to make good use of that whip, damn it, what happened?(Sidenote: We couldn’t compete b/c we won last year).
MacD…if I moved over there we’d whip that block into shape and take that Greenest Block award away from you
Oh no you don’t DIBS, I’m not about to start calling you DaveinLeffertsGarden. Too many letters. Doesn’t have the same ring to it, either.
about 30 min.
How long does it take to get to Fulton St in Manhattan on that 5 train from there???
Gotta say I agree with Putnam Denizen (who will soon be my almost neighbor). This house looks like a pretty reasonable value for somebody who wants a family house plus some rental income at a decent price.