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
brandedmatt…yes, unfortunately many people might believe its a real word floor. However, with most of these laminates, the sound they make when you walk on them is really, really cheapo.
hey brandedmatt — read robert shiller’s “irrational exhuberance”. he points out that historical home price appreciation back to 1890 is just about the rate of inflation. even 5% is bubblicious. he’s the “shiller” from the “S&P Case-Shiller” home price report.
if you see the word “brazilian” in the name of your flooring, does that mean you’ve destroyed rainforest?
I also find it nauseating that the Corcoran rep will tell you it’s Brazilian Tiger Wood(s) to your face, when close inspection tells you it’s not.
Nice people and all, but stop lying to me.
I’m deadly curious how many people who comment on home values are people actually looking to buy, who have the financial ability to purchase places. And how many are people just commenting for sport.
As someone who is looking and is fortunate enough to consider this sort of place, I think this speculation on the value of these places, which benefitted from financial engineering of the most historic proportions is ridiculous.
Seriously. 1.6 million dollars in the worst economic crisis of the last 100 years? One that only hit NYC really in October of last year?
I’m not dumping my hard earned cash and risking my family’s financial future to pay 50-100% premiums on places people bought 3-5 years ago just because Alan Greenspan told them houses were the next growth stock.
5-6% annual historic price appreciation. In a healthy economy.
People have truly lost their minds.
“I cannot comment on houses that I have not seen in person.”
But you did vote for someone for President of the United States whom you never met?
🙂
Regarding the location, its in Windsor Terrace, but its the cute and convenient corner of Windsor Terrace. For my money, its a better few blocks than most of Park Slope south of 9th St. Certainly nicer house and block than most of what passes as the South Slope.
I think this place fetches close to $1.5M.
Definitely the WT side of PPW. Price is LOL.
I don’t see the write-up saying the house has central air. Central air here is a must as there are two windowless bedrooms (dens), one in the basement and one on the second floor.
Also, I find it extremely odd that they are vaunting three-phase electrical service. 3-phase service is usually used where there are large motorized equipment needs, like in a factory or commercial workshop. Odd. 3-phase electric but no mention of hvac. Could just be a clueless realtor.