House of the Day: 20 Clifton Place
This house at 20 Clifton Place probably has potential but the lack of interior photos in the listing and the disclosure that it needs TLC makes us think that the asking price of $899,000, which is low for a house in the area, may not be low enough. Especially since it’s only got three stories….
This house at 20 Clifton Place probably has potential but the lack of interior photos in the listing and the disclosure that it needs TLC makes us think that the asking price of $899,000, which is low for a house in the area, may not be low enough. Especially since it’s only got three stories. From what we hear, this is just a few doors down from a notoriously bad drug house on the block. That said, if it turns out that there are some architectural details inside that are still intact, this could be an interesting buy if the price comes down a bit.
20 Clifton Place [ReMax] GMAP P*Shark
we suggested ~$500k for 65 clifton which probably in worst shape. Using that as comparison, 20 clifton has to be priced around 650k in order to deem it to be a good price. Of course that’s not to say some deep pockets wont snap it up at 750k
At least there are no regulated tenants to work around.
Serpentor you are right a shell is a more appropriate description here. But can you imagine a shell for $899K in Clinton Hill Brooklyn?
Yeah. It is a pit. I suppose that a gut reno requires TLC, among other things, but this is a shell.
brickoven
what’s that supposed to mean? I don’t many music execs doing crack…. maybe other things – but crack?
Do these real estate agents really do their homework, I know I went to Pratt Institute, not Pratt University.
Well we went to the open house a week ago and here is what we saw:
The home is actually four stories excluding the basement but the top story has a slanted roof line to accommodate the 3 story facade…interesting but not atypical for that block. However poverty and neglect has taken its toll and the place is in horrible condition. Not to offend but this house is a dump! It will need a complete GUT renovation i.e new wiring, plumbing, baths, kitchens, boiler, floors, walls, and facade work. There are virtually no details and what little is left was sadly painted over with tons of coatings. TLC? Talk about an understatement.
On a positive note the yard was big and the neighbors seem to care about their homes. Price estimate of $700K seems fair.
Now the broker in trying to convince us of the potential here showed us 22 Clifton next door that is priced @$1.395m by Corcoran…this was a good strategy but it backfired big time since we all realized how overpriced 20 Clifton was.
BTW 22 Clifton was beautifully done but has been on the market for a year and half despite price cuts from $1.9m. Not sure why it hasn’t sold but it is the site where that guy was gunned down in broad daylight about a year ago…think this has anything to do with it?
This would be great for a music executive. They can get fresh crack at any hour
I’d love to give a price estimate – but without photos – it’s very hard
if it’s a mess inside – no way is this place going to get 899k