House of the Day: 1123 Glenwood Road
Flip time! This amazing-looking Victorian at 1123 Glenwood Road (at Westminster) just sold for $1,185,000 last February. While the exterior is lovely, the interior looks like a mixed bag to us. The living room, above, looks lovely with tons of original detail; some of the other (tiny) photos on the listing show some questionable attempts…
Flip time! This amazing-looking Victorian at 1123 Glenwood Road (at Westminster) just sold for $1,185,000 last February. While the exterior is lovely, the interior looks like a mixed bag to us. The living room, above, looks lovely with tons of original detail; some of the other (tiny) photos on the listing show some questionable attempts at modernization. Still, cool pad. The question is why the seller thinks he can get $1,359,000, an increase of 15%, in a much worse market. Theories?
1123 Glenwood Road [Century21] GMAP P*Shark
And what is going on with that bathroom? The walls look like they’re covered in ectoplasm.
I love the outside but the inside looks like a madhouse. Is that a 1930s Tudor renovation over the original Victorian living room? Then again, it wouldn’t be hard to strip off the wainscotting.
If this houses needed a lot of structural work (which I think it did) and that was done, but not the cosmetics, the sellers might justify their asking price – although it is always harder to recoup money spent behind the walls.
Also, I would expect traditionally crappy agencies like Century 21 and Fillmore to start getting better listings. In this market, the lower commission actually means something to sellers. No one is getting those sky high prices that justify 4-6 percent. If I was buying, I’d be scouring those agencies for the ones that slip through the cracks – that coupled with tumbling prices and great mortgage deals might make for a really buyers coup.
Was it worthless when MKG sold it first time around? Actually this place has been on the market literally for years… First sale, then various brokers have had it for the past year. It’s a huge legal two family – may have been built as a two family, in fact. There are a few of those in Victorian Flatbush. Needs A LOT of work, but the rental is huge and would be significant income.
Glenwood Rd has malls, which I love, but it’s kind of close to CIA and Glenwood is on the border of Midwood, so a hike for Cortelyou and Prospect Park.
And yet, to be devil’s advocate….the house is huge and DOES have some great rooms. And also considering that smaller places in PS/CG are still higher right?
even worse, those photos are identical (and now even smaller) than when it sold the first time around!
It’s like they’re not even trying to sell the place. The new owners are going to take a proper bath on this one.
Well, the minute I saw it pop up as a century 21 listing I knew it’d be worthless.
those photos are headache-inducing. blurry and the size of a postage stamp? why are some brokers so completely clueless?