House of the Day: 345 Hoyt Street
Maybe we’re missing something, but we don’t see how the asking price for this three-story house at 345 Hoyt Street (at Carroll Street) in Carroll Gardens can be $2,150,000. Sure there’s a three-car garage and some unused FAR, but the interior appears to have been stripped of any original charm. As a point of reference,…
Maybe we’re missing something, but we don’t see how the asking price for this three-story house at 345 Hoyt Street (at Carroll Street) in Carroll Gardens can be $2,150,000. Sure there’s a three-car garage and some unused FAR, but the interior appears to have been stripped of any original charm. As a point of reference, the 2,880-square-foot single-family property sold for $1,275,000 in 2004. We’re not that far away from 2004 prices, are we? Maybe they’ll get $1,500,000, but this asking price seems nutso.
345 Hoyt Street [Corcoran] GMAP P*Shark
345 Hoyt Street [NY Times]
11217 – you are right,it’s a mix of the seller and the broker. I think a smart broker wants to price things a bit lower than what they think other brokers would want to list a property for.
i saw this house when it was for sale in the lows 1’s circa 2004/5. its even more charm-less in person that the photos indicate, including the cheap imitation bricks used on the facade..And this “renovation” was already done back then, so the mark up is nothing but seller’s wishful thinking
“Sure, but done right it wont be cheap. $100k maybe for moldings, trim, wondows, and what not.”
0.1/1.275 = 8%. I’d say that’s cheap. Bid 0.1 less and make the seller pay for it.
***Bid half off peak comps***
I love it how people always blame the broker first. Never the seller.
You know what…Corcoran would probably LOVE it if this were priced a few hundred thousand lower. They’d get a deal done much quicker, have less work to do (fewer showings, open houses) AND still make a sizable commission.
It’s delusional to think that each time we see an overpriced house that it’s the sole fault of the broker. Just like a lot of overzealous buyers who couldn’t afford homes were part of the reason we got us into this mess, a lot of overzealous sellers are still clinging to pre-bust prices and helping inventory rise, thus increasing supply.
Corcoran is the testicular cancer of Brooklyn Real Estate.
yes, I think prices are still much higher that 2004.
But at any point in time, people paid too much (like whoever bought this in 2004). I also see $1.5 for this…but in 2004 he paid too much.
Isty : Much higher the clowns on this site live on another planet.
Wait, I’m confused by the comment from Petebklyn: if we’re *not* close to 2004 prices, are you saying that this house should cost a lot less than it did in 2004?
I’ve been kind of out of the loop so I’m asking this in sincerity. Even with the downturn and all, prices are still marginally higher than they were in 2004, aren’t they?
“windows” not “wondows”.
I’m use to the edit function of phpBB, I keep forgetting I can’t fix my posts after I post.