House of the Day: 1252 Dean Street
If this detail-rich house at 1252 Dean Street looks familiar, it’s because it was featured as a House of the Day in two years ago. At that point, it had just been listed at $1,100,000, a price that proved to be too rich for the market’s blood; after the price was dropped to $990,000 in…
If this detail-rich house at 1252 Dean Street looks familiar, it’s because it was featured as a House of the Day in two years ago. At that point, it had just been listed at $1,100,000, a price that proved to be too rich for the market’s blood; after the price was dropped to $990,000 in September, the house sold quickly for asking. Now it’s back on the market for an mind-boggling $1,375,000 and, as far as we can tell, there have been no significant improvements. Good luck with that.
1252 Dean Street [Ardor] GMAP P*Shark
House of the Day: 1252 Dean Street [Brownstoner]
tybur6: I think it is funny that people on here try to talk the whole market down. The market is down, slightly down. All the noise on here seems to be from those that say huge declines are coming to Brooklyn. The most bullish statements I’ve seen on here in the last 9 months are that the market will be flat for a while and any drop might be slight.
It hasn’t crashed in Brownstone Brooklyn and there are lots of reasons why it might not. The condition of the real estate market can be measured nationally, and these are the figures which hit the headlines. These figures are helpful if you are investing in Mortgage Backed Securities (the risk of which are spread across the entire market), but real estate is still a local game if you are looking to buy one home. Supply has to increase in BB before we see big declines. Local conditions combined with general economic conditions will determine what happens next.
I just looked at the original Corcoran listing and their pics still link. Corcoran’s pics are much better.
Seriously, I can’t get over the original details here. Just gorgeous. That’s why we buy these houses isn’t it?
I’m very upset with these people for what they did to the kitchen. Bad move, it detracted from the home rather than added to it.
Thanks, Montrose. I was going to add that the block is particularly desireable beacuse I live only two blocks over, but that would be gratuitous. I also agree with your opinion regarding the pricing.
All of a sudden a 39% “appreciation” in 2 years sounds a bit fishy?? Let’s pretend for a minute. If it hadn’t been sold 2 years ago and was simply listed at $1.35 million today… the reactions would be similar to the following:
I would say it’s a perfectly reasonable price. Might want to shave 5-10% off just for an incentive. Otherwise, $1.3 million for a fine house in the up-and-coming neighborhood of Crown Heights… I mean, Park Slope Northwest… is really great. It has a very nice tree outside.
I just think it very funny.
house is beautiful, however 1 mill would’ve been a buyer success at the top of the crown heights run up (which was when this owner bought – early 2007). 900k would be optimistic in this area right now, and if the buyer needs a mortgage (likely) then there are likley to be some tough wrinkles b/c lender appraisers are killing houses in crown heights right now.
It actually is on one of the most sought after blocks- I know the house and block very well.
I think it’ll definitely sell, but not that high. We started seeing housing prices go up around the time Corcoran began taking an interest. The first house that sold in the area for 1 mill (and a bit +, if I remember correctly) was a freestanding mansion with most of it’s detail intact and restored. I think it needed a kitchen but the rest of the house was eye watering.
As much as I love CHN, the housing prices were inflated for the area and I’m not unhappy if they go downward to where they should really be. But that’s for selfish reasons- I couldn’t afford to buy here if I wanted to now.
Oh, East New York, I agree on all points.
Ontheparkway, while I agree that the price is too high, I think this house is certainly worthy of both people’s time and discussion. There have been many houses of the day here recently with less attractive facades, no interior photos whatsoever, and higher price tags. They just happen to be in tonier neighborhoods.
I would argue that a superior house, which truly is on “one of the most sought-after residential blocks in Crown Heights” is worth talking about. This place is gorgeous, and has other period details not shown in the photos. When Crown Heights takes its rightful place in the list of desireable neighborhoods, which won’t be that long from now, although I find it quite desireable now, this block and every house on it, especially untouched gems like this, will be the place to be.
If the buyer really needs to sell now, I think they will get about what they paid for it. I would be surprised to see it go for much more than that, certainly not more than perhaps $1.1 million. Not because it isn’t worth it, but because the comps and the market don’t support it right now.
Definitely a cool house but that’s steep for the location.
I think “chef’s kitchen” is reasonable even though a hood would be nice.