House of the Day: 557 7th Street
It’s fair to say that the current owners of 557 7th Street got a good deal when they purchased this limestone house at 557 7th Street in Park Slope for $1,460,000 in 2006. According to the new listing, they’ve done some “updating” work in the meantime and are trying to fetch $2,200,000. Before they try…
It’s fair to say that the current owners of 557 7th Street got a good deal when they purchased this limestone house at 557 7th Street in Park Slope for $1,460,000 in 2006. According to the new listing, they’ve done some “updating” work in the meantime and are trying to fetch $2,200,000. Before they try to do that, they should try to get up some more photos; it’s hard to tell from the one photo provided what the 16-foot-wide house is really like. Do you think they have a shot at getting this asking price?
557 7th Street [Brown Harris Stevens] GMAP P*Shark
I just spit water I laughed so hard Snark!!
Sorry, won’t be able to make it to the Stoner party I’m going to be ummmm…indisposed.
> “Dave, can you link to your HOTD?”
While you’re at it, please indicate when you’ll be away and where you keep your valuables.
TIA!
well, it looks like Corcoran is having open house for both this one and the 1 on 8th avenue. No pics yet on Corcoran site.
So – someone report back on how they stack up against each other. Corcoran also seems to have another listing on 8th street I think for $200k more.
Hi there, mopar. Per 617 8th Ave, now do you see why my thinking is not “magical” that prices are coming down on houses in prime areas? This is just one example – they are growing day by day…
Dave, can you link to your HOTD? I’d love to see it. Did everyone make a lot of rude and ridiculous comments about how it was in the “ghetto”? Before people had to register, it seems there was a lot of that. (Now we just hear it from the aptly named Corner.)
617 8th Ave is a good example of the price chops happening in prime PS. That house started at 2.595 a few months ago, got chopped to 2.195 and then just chopped another 200K to be below the $2mil mark at $1.99. And, given that no one want to pay ask, it will probably sell for a minimum of 10% below ask, assuming it does not have to keep chopping. This is why even nice houses in prime areas are not immune from the market collapse that is just beginning. This HOTD will likely suffer more before selling too.
It’s practically adjacent (backyard-to-backyard) to 617 8th, a very similar-looking house. Yes, 557 7th is 20 steps closer to the park, and on a quieter side street, but my guess (based on the single interior photo) is that 617 8th has way more charm and detail, and they just lopped $200k off the ask.
http://www.streeteasy.com/nyc/sale/358633-house-617-eighth-avenue-park-slope-brooklyn
So, 557 7th for $2.2 or 617 8th for $1.99?
TownhouseLady,
It isn’t any of our business. They’ll ask what they want, take what they want, and sell for any reason they want. Doesn’t matter to me.
I was just in a pissy mood when I wrote my original post.
That house is just full of meh.