House of the Day: 524 3rd Street
The limestone house at 524 3rd Street just hit the market again for $3,000,000 after striking out at higher prices last year. When it was a House of the Day last March, the four-story house was asking $3,200,000. We have to say that the interiors were less impressive than we had expected, but that could…
The limestone house at 524 3rd Street just hit the market again for $3,000,000 after striking out at higher prices last year. When it was a House of the Day last March, the four-story house was asking $3,200,000. We have to say that the interiors were less impressive than we had expected, but that could largely be the fault of the pathetic photos included in the listings. (Three million bucks and the broker can’t spring for a decent photographer?) There’s certainly some nice period detail, don’t get us wrong, but the rooms feel more cramped than we had imagined. So what’s going on? Just a bad job on the part of the broker or just not a $3 million house? Or both?
524 3rd Street [CBHK] GMAP P*Shark
House of the Day: 524 3rd Street [Brownstoner]
I’m no connoisseur of these types of things, but I do love this block…it always seems so peaceful and quiet with those gorgeous trees overhead. I once looked at a studio further up toward the park and the broker told me he used to advertise places on 3rd street as “the most beautiful street in America.” Ok, typical broker exaggeration, but it’s still lovely.
I think it’s almost impossible to value this house given the lack of information. Is it going to be delivered empty? If not, how long is the lease, and what is it bringing in? This feels like an investor owner taking a flyer on finding someone who falls in love with the place and will pay anything to get it, combined with a broker who doesn’t believe such a person exists and will do diddly to present the house in an attractive fashion or with information that the hypothetical buyer might actually want, such as a floor plan (hell, we don’t even know how many bedrooms this place has). My prediction is this place won’t sell because the owner won’t come down far enough, and the broker is right that no one is going to fall in love with it at a price north of $2.5 million.
> “Park block houses require a trek uphill every night to get home.”
That’s an agony I’d happily endure.
If you can’t take the schlep, get out of the Schlope.
Read the copy, people!! The house has tenants living in the top three floors. No staging can be done with tenants in place. This house is on a prime block–better than a park block, IMO, because it is close to all the shops. Park block houses require a trek uphill every night to get home.
It’s a nice house with a pretty great looking kitchen french door.
I’m no expert but I doubt this house will sell for over two million. If it were in the Park block, then yes, but where it is and in the condition it is in, I say more like 1.8 – 1.9. But actually I think the realtor does not really want to sell the property but instead is using it as a foil for similar properties priced to sell. Realtors do that when owners are obnoxious and refuse to price their house right.
Too much clutter! And why hide a beautiful fireplace behind an end table? Boneheads…
evolution needs to take place in broker land – pray natural selection removes these lazy and/or dumb agents.
Again – What is with these brokers????
UGH – sorry the photos are poor in quality, the lack of staging for anyone looking at a 3million house would be a turnoff
It’s one thing when you are looking at houses in the 500-800K range – you expect to see some crappy interiors, but sorry folks, people who are ABLE to purchase a 3mil home want to open the frontdoor and see endless beauty from finshes to doorknobs to high end EVERYTHING to yes even the furniture that’s not staying!
I think it will sell at 2.4mil
Here’s another listing for this house…same crappy photos, more of a discription though.
http://www.cbhkg.com/listing.asp?propid=80091