House of the Day: 2777 Bedford Avenue
We included 2777 Bedford Avenue in our Open House Picks back in January when it was listed at $649,000. It still hasn’t sold and the price is now down to $599,000. (Judging from the differing sets of photos in the new Mary Kay Gallagher listing versus the photos in the original Brooklyn Properties listing, the…
We included 2777 Bedford Avenue in our Open House Picks back in January when it was listed at $649,000. It still hasn’t sold and the price is now down to $599,000. (Judging from the differing sets of photos in the new Mary Kay Gallagher listing versus the photos in the original Brooklyn Properties listing, the sellers have already moved out, suggesting there may be some urgency to the sale now.) We have a little crush on this house Colonial charmer and hope someone who appreciates its historic details comes along and buys it. For those readers who complain about there not being enough lower-priced houses featured, this is as nice a house as you’re going to find in the $600,000 range. Of course, it requires that you want to live in the Brooklyn College area.
2777 Bedford Avenue [Brooklyn Properties] GMAP P*Shark
2777 Bedford Avenue [Mary Kay/NYT]
Open House Picks 1/25/08 [Brownstoner]
A little late to be slamming the barn door, but better late than never?
SnarkSlope…I haven’t heard that kind of talk out of a lender in many, many years. Nice to see things are getting back to normal!!!!
Prodigal: I was assuming 20% down.
“To arrive at an ‘affordable’ home price, we followed the guidelines of most lenders. We’ve allowed a total debt-to-income ratio of no more than 36 percent. And we have assumed a housing payment-to-income ratio of 28% for our conservative estimate, and 33 percent for the aggressive one.”
– http://cgi.money.cnn.com/tools/houseafford/houseafford.html
I agree that $500k is the right selling price, but I don’t think it will ever sell as low as $300. The owners don’t need to sell. The house is been on the market almost a year. Owners would be better off renting it out, leaving it to their kids or grandkids. Near Brooklyn College, so sure to be a rental market around there. Not just students – profs, more likely.
I agree that $500k is the right selling price, but I don’t think it will ever sell as low as $300. The owners don’t need to sell. The house is been on the market almost a year. Owners would be better off renting it out, leaving it to their kids or grandkids.
500k sounds more realistic.
if we get out of bizaro world it will go for 300k
Snark-
“However, at $600,000, it still requires a buyer or buyers with a combined income of $200,000.”
Really?
Independent of money put down on it?
Brownstoner,
Why did you pull the topic on reduced price condos?
Was the info inaccurate?
bg
A little water in the basement after a heavy rain is a common problem. There are a number of fixes. It almost scared me away from purchasing my house but after living with it for a year or two we had the problem abated and the basement refinished without any further leaks. Of course an engineers report is a must to find the source of the problem before purchase.