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]
No floor plan? Broker, what are you going to tell me next (cause you sure didn’t tell much in the listing), that the master bedroom doesn’t have a private bathroom.
Come on Brokers work a little bit.
The problem with the photos is that you’re all used to the Corcoran Wide Angle Lens.
LincolnSlope….and Mr. B. we haven’t had a QOTD in a long time and I think that one is truly worthy….
that’s hardly a 2 million dollar house, 1.8 maybe.
BHO, I am more of a Bear in the next three years kind of guy too, but the printing of money like freaking crazy is my wildcard. I would say Limestones like these are not going to see a drop to $1.5mm. They are ridiculous in beauty, access to transport and amenities, and just works of art. I think of them like antiques…not just homes. I am not sure if the wealthy that buy these limestones (now, not back in the day when Park Slope and BK in general were a bit shadier) really look at it as an investment into an asset but more as an investment into something beautiful where they can raise their families.
1.55M – just to beat BHO to the purchase
I say it’s both: horrible photos AND not a 3 mil house. I think it could go for $2.35 if the seller is willing to be more realistic.
Schultz is right. It’s not so much the photos as the staging that is the problem. This place is WAY over-furnished. The broker should advise them the owners to get rid of half of their furniture, and then photograph it again. Yes, buyers should be able to see beyond that, but we all know that staging makes a difference.
Your average Prime Slope brownstone will bottom at a mil and a half.
***Bid half off peak comps***
Not only are the photos hideous, there is WAY too much furniture in there…..not to mention clutter, not to mention plastic covers on the lampshades…. where do you begin? I bet this listing devalues the property just because of the clueless presentation.