House of the Day: 102 Windsor Place
The brick house at 102 Windsor Place in Windsor Terrace is a cutie from the outside and has lot of charm on the inside as well (don’t love the kitchen reno though). It also has a lush garden set on its 160-foot-deep lot. The house itself, however, has only two stories above grade, making the…
The brick house at 102 Windsor Place in Windsor Terrace is a cutie from the outside and has lot of charm on the inside as well (don’t love the kitchen reno though). It also has a lush garden set on its 160-foot-deep lot. The house itself, however, has only two stories above grade, making the asking price of $1,525,000 seem steep to us. To put it in some perspective, the closest comp—112 Windsor Place—sold for just $1,085,000 back in 2006. Stretching?
102 Windsor Place [Orrichio-Anderson/NYT] GMAP P*Shark
MR is right – this isn’t WT (I didn’t pay attention to the house #). Its only a half block out of the boundary but I suppose thats why the lot is so big.
“…you can’t time the market…”
Yet NOW (i.e. timing) is the best time to buy! There is no one more trustworthy than a salesperson.
To “I disagree” – I’d be interested to hear what better articles you would suggest? Of course, the highs were years in coming (so the unsustainable run-up was not “very recent” but its peak seems to be). While some on this blog have said the peak was earlier, from what I can see (we’ve been looking for a house for years, and started long before we sold our apt) prices really were steadily rising up until this past spring, when at last they started to really decline. I know many say you can’t time the market, and ridicule those who try to “call the peak” but I am basing my comments on recent articles/statistics, tracking comps from our avid and continuing house hunt, and of course, following this blog. Also, unlike the stock market, which can turn on a dime, real estate actually is easier to track in terms of its cycles since it does move more slowly so looking at the last 3-6 months really does show a pattern that is quite different from the months and years preceding.
“we sold before the credit crisis hit hardest”
The envy of all current sellers. Luck or strategy?
miss muffett – if your articles are telling you that unsustainable highs were reached “very recently,” or that 90 days ago was “arguably a peak moment,” you might want to get some better articles.
If crapholes below 5th Avenue are going for over $1.25 million, I don’t see this as being all that overpriced.
I think this is actually officially South Slope, as it is on the west side of 9th Ave/PPW.
It’s not the greatest block, but man those yards are big. Many of them abut an all night commercial laundry, however.
I wanted to buy on this block, but the price was too high.
In this price range for such a small house, buyers will compare to houses in South Slope and larger 3BR condos in Park Slope. Both of which can be had for the same money. Or less.
Fair enough Mrs. Limestone. Really, whatever the individual motives are of anyone posting on here, no one person can single handedly affect the real estate market’s movement. Your information is valid, as is the information that is plainly visible in recent comps and articles, demonstrating that prices are now going down from the unsustainable highs they reached very recently.