House of the Day: 154 St. James Place
Given what a complete dump this place at 154 St. James Place in Clinton Hill was just a few years (you can see a partial view here), the 12-foot-wide woodframe house looks pretty great. The renovation resulted in a traditional look that was given a little modern zip with the use of dark wood floors….
Given what a complete dump this place at 154 St. James Place in Clinton Hill was just a few years (you can see a partial view here), the 12-foot-wide woodframe house looks pretty great. The renovation resulted in a traditional look that was given a little modern zip with the use of dark wood floors. Given that the two-family house is no more than 2,000 square feet, however, the asking price of $1,325,000 seems a little aggressive to us. Might as well try though.
154 St. James Place [Corcoran] GMAP P*Shark
This post is ow buried in Brownstoner, but this place got onto the Times “On the Market” this weekend (4/3/09). And what do you know, it is mentioned *multiple times* as being 16 feet wide.
At first I thought it might be a simple mistake (silly real estate reporter sees skinny house and just assumes 16 feet – that’s what most skinny houses are). But the multiple mentions, and seeing here the the listing broker is the owner, makes it seem like outright fraud. (Or, well, false advertising… fraud in spirit).
It IS a nice house… I could see it being worth close to a million, minus the cost of putting a bathroom on the top floor… so call it $900k.
“I think it is about time we should revisit what all you experts said about 147 across the street:
http://bstoner.wpengine.com/brownstoner/archives/2008/09/house_of_the_da_566.php
What did that sell for?
Posted by: WrathOfGates at March 24, 2009 2:25 PM”
PropertyShark says it sold for $1.93m on 15 December 2008. On the other hand, it also changed hands for $995k on 8 Jan 2008. Granted the first buyer spent some money on the renovation but surely nowhere near $900k.
So did buyer 1 underpay or did buyer 2 overpay? You decide…
Market bottom appraisal in 2009 dollars: $500K. If you pay more, hindsight will smack you in the face.
***Bid half off peak comps (but bid three quarters off this mofo)***
hoboken i was being serious. i own in williamsburg, and really would like to know what the sq foot price should be for a house like this. seems nice.
Is ridonculous what you get when you overprice a house sized for a Peking Humonculous?
rampant fraud in this entire area. this place might not be worth even half the asking price when you do the proper math. NUTS!
WTF?!?! The seller has balls for asking that price!! (But it did generate buzz…)
If they get anywhere near that price, it goes to prove that there is a sucker born every minute.
Brownstoner – you need to keep us posted on how this one turns out!
WTF?!?! The seller has balls for asking that price!! (But it did generate buzz…)
If they get anywhere near that price, it goes to prove that there is a sucker born every minute.
Brownstoner – you need to keep us posted on how this one turns out!
Do they throw in the other half of the house for free or something?