House of the Day: 808 Lincoln Place
While this three-story limestone house at 808 Lincoln Place in Crown Heights has some beautiful original detail to recommend it, it also appears (from the photo of the kitchen) that it’s not exactly in top-of-the-line form. The asking price of $795,000 probably would have worked a year or even six months ago, but we doubt…
While this three-story limestone house at 808 Lincoln Place in Crown Heights has some beautiful original detail to recommend it, it also appears (from the photo of the kitchen) that it’s not exactly in top-of-the-line form. The asking price of $795,000 probably would have worked a year or even six months ago, but we doubt it will fly today. While there aren’t a lot of comps to look at, PropertyShark does show that the similar house next door, 806 Lincoln Place, traded for $600,000 in December 2006. Anyone know of other recent sales close by?
808 Lincoln Place [Corcoran] GMAP P*Shark
So did you try to steal it rocky4? The price is now $695k…
i’d say this is a steal. i think prices will double in that area in 5-8 years.
“wait a month or two and you’ll see comps in the 400K range. I know someone in contract now for the low 400s. Friendly advice, not a good time period to waste money.”
Funny, Zillow says the average price for houses in the area in 2004 was … around the low $400s. Who knows if that will come true.
I’d settle for FFCHWFB.
(First F_________ C________ H________ W______ Family on the Block)
wait a month or two and you’ll see comps in the 400K range. I know someone in contract now for the low 400s. Friendly advice, not a good time period to waste money.
Sorry, Inigo, but that title was taken a few years back. See what you miss when you don’t know what you are talking about?
MM:
Thanks for the update. On my most recent drive through Crown Heights (some months ago) I didn’t have a chance to get up close to any of the buildings to see if they had doctors’ offices. It’s good to know there are still services in the area, although it’s too bad the private practitioner’s gone the way of the dinosaur.
Dr. G. was elderly by the time he decided to give up his practice. He was one of those honorable men who served everybody in his community until he was too tired to go on. He and The Rasp were probably well in their seventies the last time I saw them. They’d been together so long, I’m sure there was an interesting story between them, even if it never went beyond the professional.
NOP
Terrific! Buy this and be FWFB! Thrilling!!
(First White Family on the Block).
I’d love to buy a place like this.
Looks like a solid building. Near the subway. Nice block. Close to people I care about.
But still a bit out of my family’s price range. Even with perfect credit, no debt, a bunch of cash saved up and a good combined income, how is a normal family supposed to afford a home without doing financial contortions? Probably could “afford” it, but house rich, cash poor, depending on renters to make the mortgage is not for me. I mean, this place is almost quarter million dollars, even after a 10% cutoff.
Maybe I’m just more financially conservative than other people. I’m hoping a place like this drops to an even more reasonable price level. What would this home have sold for in say 2004?