House of the Day: 735 Decatur Street Revisited
When 735 Decatur Street was House of the Day back in December of 2997 2007, it was asking $630,000 and we called it “by far the most charming house for the money on the market right now.” Well, now its asking price has fallen to $469,000 and the same statement still holds. We just hope…
When 735 Decatur Street was House of the Day back in December of 2997 2007, it was asking $630,000 and we called it “by far the most charming house for the money on the market right now.” Well, now its asking price has fallen to $469,000 and the same statement still holds. We just hope that whoever buys this place is able to negotiate a price that leaves them enough money to redo the facade! For lots of pics, check out this Flickr page from someone who almost bought the house.
735 Decatur Street [Corley Real Estate] GMAP
735 Decatur Street [Brooklyn Properties] P*Shark
House of the Day: 735 Decatur Street [Brownstoner]
Bkny, that’s nice to hear.
Ocean Hill/Brownsville down to 2,000 serious incidents in 2007, vs. 8,000 in 1990. Quite a drop.
RE the location and the crime rate, it’s complicated. Long story, but this is part of a precinct on the other side of Atlantic. It’s next to the 81st precinct, which actually has a relatively low crime rate (about 1,500 serious incidents in 2007).
When we visited the station house, there were two muggings on the next block over (Bainbridge) that week. I have no idea if that’s typical.
As for the block, it’s quiet. People are courteous and considerate. I met three neighbors, including one who bought two houses on the block for her children and lives on the next block. There is a community garden and a library.
Could one rent a comparable (ie loads of original details) duplex unit in that area for ~$2k? If one is able to buy something at a really really great price, ownership is great and worth the hassles that comes with it. If prices are not low enough to make buying that compelling and/or not super confident on the finances, rent something that satisfies the craving (ie for original details,..) short term and continue to monitor that house & the mkt conditions. Up until the last 5 yrs or so, buying was easy decision over renting – ie monthlies on ownership was very close to rents (ie rent on comparable place to my residence was only ~$100/month cheaper than owning). So who knows if prices will continue to drift back to those levels and rendering buying an easy decision again.
i actually know 2 people who live on this block and it’s a nice block. they have nice homes. it is listed as Ocean Hill but i would consider it Bed-Stuy. a house on this block was on the bed-stuy house tour last year.
11217….but in those neighborhoods in Baltimore and Philly there would have been 200 murders.
Most recent comp on the block is $470,000.
We are not handy, but we could strip, plaster, and paint. We would not refinish the floors ourselves. That takes care of all the cosmetics.
No way we’d be doing our own foundation work, plumbing, heating.
“The seller wouldn’t allow a second inspection.”
Fishy!
Mopar, I know you loved this house, but keep your eyes open. There will be a better house for you somewhere down the road.
Good luck.
There were 16 murders in 2008 in this precinct. I’m not trying to deter your love of this home, but I really don’t think it’s worth much more than 200K, either. You need to factor in the fact that gentrification has come to a halt for who knows how long. And even in the substantive boom, the area of East New York, Ocean Hill and Brownsville have continued to be areas of extremely high crime for NYC.
A similar home in a similar neighborhood in Baltimore or Philadelphia would cost 50K. At most.
To each his/her own, but I don’t see the appeal of this location at all.