House of the Day: 304 Union Street
Today’s House of the Day at 304 Union Street in Carroll Gardens is particularly interesting in light of yesterday’s GMAP P*Shark Open House Picks 11/4/2005 [Brownstoner]
Today’s House of the Day at 304 Union Street in Carroll Gardens is particularly interesting in light of yesterday’s discussion about declining prices. We had it as an Open House Pick in November 2005 when it was listed for $1,850,000; it ultimately sold for $1,700,000 in May 2006, and the new owner clearly went to town on the renovation. It’s charmingly done (love those slightly rough original floorboards in the parlor) but the big question is whether it merits the marked-up price of $4,150,000.
304 Union Street [Stribling] GMAP P*Shark
Open House Picks 11/4/2005 [Brownstoner]
Remember, $4,150,000 is only 2,816,040 Euros.
I say a foreigner buys it.
I hear more French in Brooklyn than any other language, except English.
11217….it is half the price of an UWS townhouse. That doesn’t mean it isn’t way overpriced for the neighborhood and the renovation. Which i think it is.
I’m obsessed with the shower curtain thing and I’ll bring it up again. No one with anywhere near that amount of money should have to deal with a plastic shower curtain around an old tub!!!!
11217 – maybe I’m thick, but are you officially now entering the realm of sarcasm and thus we can disregard your market-defending comments as a joke?
really beautiful house – and daveinbedstuy – many people LOVE a clawfoot tub – esp since it’s the children’s bathroom and so ok to be cutesy. Bathtub in w/i closet I think it’s following the trend of bathrooms in the bedroom – just was at an extraordinary penthouse in manhattan that had a rooftop guestsuite with bathtub next to the bed. but price is CRAZY!!!!!!!!!!!!!!!!! what is it with CG pricing? I just don’t understand – and I live there.
Oh, and we work in the arts…
😉
I sent this listing to my boss and she is going to set up an appointment to look at the property this week. She is very interested. She said compared to what she’s looked at on the UWS, this house is half the price.
Definately not a 2.2 reno but it is a nice looking place other than the ductwork. Isn’t there a better way?
I am confused by the dissent on the bathroom, ever heard of charm? “ensuite master bath” sounds tacky to me. Does that come with jets?
bolder – i think this reno could have cost $1mm, depending on what the kitchen and other baths look like. but that they didn’t include them in the photos suggests that you’re right. either way, it still doesn’t justify the price, which is nutso.
Let’s give them the benefit of the doubt and say that between May 06 and May 07, they would have seen a 10% rise in prices. So that;s 1.87 mil. After May 07, it was pretty clear that prices were not going to rise.
So to justify this price, they would have had to spend 2.2 million on the renovation. Actually, since in my estimate, prices are now back to 06 levels, they would have had to spend 2.4 million on the reno.
I’m actually pretty bullish on move-in condition townhouses, but this is beyond the pale. They’ll be lucky to break even on the reno, which could not possibly have cost more than $1 million and most likely much less.
Nice place, though.