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
“it’s a common issue on this blog that many people approach the market/pricing with an agenda inherent in the position from which they are looking at things (i.e. people tend to defend their own neighborhoods)”
I don’t see where defending your neighborhood necessarily means you have an agenda. It’s kinda laughable to even think that if Mrs Limestone posts on brownstoner she likes her nabe, it’s going to affect the market. But wouldn’t that make a lot of us happy.
Factually speaking, the tradition on brownstoner has been to attack a neighborhood or demean it, which does make those who love where they live, defend it. Last week’s Crown Heights North thread is a case in point (note to all: never NEVER get Montrose Morris pissed!)
You gotta give them the fact since they live in the neighborhood. they must know something the blogs, brokers or internet can”t fill in for you- Perspective. But to assume they are defending the neighborhood because of some personal market agenda is sort of adding insult to injury.
I have no plans on selling so my interest is not nearly as deep as yours as someone in the market to buy. But we both have our biases. (That said, I have the same interest in all of Brooklyn prices – I dont happen to think one neighborhoods prices are untied to the rest.)
I happen to know about a few sales recently that are well in excess of this number, Howard Pl being one of them and I think its a valid piece of information to include in the conversation. Its not as if Im making the sales up from thin air – I gave my opinion and gave the comp as a justification. My opinion is not less valid than yours because you happen to disagree with it.
I don’t mean to accuse Mrs. Limestone in particular – it’s a common issue on this blog that many people approach the market/pricing with an agenda inherent in the position from which they are looking at things (i.e. people tend to defend their own neighborhoods). Hey, you can accuse me of having a vested interest in wanting prices to go down (since we are looking to buy). As I said, the market will tell. Certainly don’t mean to ruffle feathers, esp since Mrs. Limestone in particular is a very helpful poster to the blog!
jeez. Mrs. limestone is entitled to her opinion without beeing accused having a “vested interest.” and since she lives in the neighborhood, I’d say her opinion is more on the educated experience side.
With all due respect Mrs. Limestone, I believe you might have a vested interest in promoting high property values in the neighborhood you chose to buy into. So far, everyone else obviously thinks differently than you do. But yes, folks can agree to disagree and at the end of the day, the market will tell what the true value is of this house.
if this house were in south slope, it would be overpriced. 1.1 and not a penny more. i would personally offer 999 to avoid the mansion tax. you can’t live in a big lot (comfortably), so it deserves little to no premium.
I wonder if you could build a studio/guesthouse in the yard? This one might be worth tracking as right now I’d give an arm and a leg for a backyard to enjoy the fall weather. (Whether I’d give 1.5 million is another question).
Do NOT like the kitchen, which unfortunately looks to be recently renovated. They done a simple subway tile and hardwood floors it would appeal to more people.
Im not in the market to buy so I certainly don’t have the pulse on it. Its more than just the lot size but its also 400 sq feet bigger than the Howard Place house. So that would count for something. Who knows, maybe HP had a box of gold bars in the basement that made it worth more but Im making the assumption its a reasonable comp. I think the suggestion that its EXTREMELY overpriced implies the sellers are totally off the mark and I don’t think thats the case. What it actually sells for – who knows? We can agree to disagree and let time tell.
1.1 is the right price. They are overvaluing the backyard. Definitely $1.1 – a fair price!