House of the Day: 489 16th Street
It’s not really our cup of tea, but someone’s obviously put a lot of effort into renovating this three-story brick townhouse at 489 16th Street in Windsor Terrace. The look is a little too “new condo trapped inside old house” for us. That said, everything’s new and the location, just a block from the park,…
It’s not really our cup of tea, but someone’s obviously put a lot of effort into renovating this three-story brick townhouse at 489 16th Street in Windsor Terrace. The look is a little too “new condo trapped inside old house” for us. That said, everything’s new and the location, just a block from the park, is very nice. The house was purchased for $925,000 back in 2005 and is now asking $1,595,000. What do you make of it?
489 16th Street [Corcoran] GMAP P*Shark
optimal way to get msg through to sellers that prices are out of whack is to check out places and extend a low low offer. that way, they dont have to guess what the lack of activity means – ie tons of low offers means a big price cut is needed to get it sold or wait patiently for that rare “rich sucker” to come along & bite.
I guessed $1.2M cause I suspect there still someone with $$$ and loose with it who’ll buy it and think $1.2M is a great price.
I like your style Gemini.
Oh wait…and Boston.
It’s so boring I forgot about it.
So of course I totally want to post the link to my house but am deathly afraid of all the criticisms :)!!!!
it’s in the price range of… 1.1 to 1.3
hahaha – am not like you guys with finishes and knobbies and such – I just like having a home to come “home” to with a deck and backyard….
I watched the market in my nabe over the past 3-4 months and watched house after house with different features than mine get listed at RIDICULOUS prices. I knew not to play that game b/c I wanted to attract people in and get people bidding. I wish in hindsight I didn’t agree to the price reduction over a certain issue – but I did and hopefully we will move forward into contract.
11217 – I would have listed it higher if we were in a different market, but I thought – you know let me undercut the competition by 100K and see what type of interest I get.
Whuh – or they may exist (I’m one of them), but their mindset/budget has totally changed due to economic collapse.
I agree that pricing must be hard now. Come out of the gate too high and you will linger and suffer multiple price cuts and probably sell for far less than what you might have with a lower beginning ask. But coming out low might be tricky too since buyers expect discounts no matter what. That said, the only places I’ve seen sell relatively quickly these days are those that were priced low to begin with. I think brokers who set initial ask too high, and then say their clients would take way under (many brokers have said this to me), are doing their clients a big disservice.
CW,
It’s funny to me that out of all the places you mention, that small town in Iowa is the only place where I’m allowed to legally get married…
Food for thought.
Who wants WT houses to be priced like they’re in St. Louis? I think we want them to be priced the way they were before the bubble; or some reasonable facsimile.
This house will sit…and sit…and sit; because the person who might have bought it a year ago doesn’t exist anymore.
11217 –
I am not fond of SoCal despite having lived there for four years, but it IS expensive there so it’s at least reasonably comparable. Ditto Boston. No, it’s not NYC, but it’s not small-town Iowa either.
Syracuse, yeh … Syracuse is not comparable in any way to NYC except that it’s technically part of the same state.