House of the Day: 481 4th Street
Flip-o-rama! The seller of 481 4th Street in Park Slope paid $1,865,000 for the four-story house back in September. He wasted no time doing a top-to-bottom renovation and now would like to get paid a million bucks for his troubles. (Asking price is $2,950,000.) While a lot of care was clearly put into preserving the…
Flip-o-rama! The seller of 481 4th Street in Park Slope paid $1,865,000 for the four-story house back in September. He wasted no time doing a top-to-bottom renovation and now would like to get paid a million bucks for his troubles. (Asking price is $2,950,000.) While a lot of care was clearly put into preserving the wonderful woodwork, we wish that the walls had retained some signs of their age. For some reason, perfectly straight sheetrock is bit too charmless for us; we prefer to see some imperfections and archaeological record of the house’s history: some imperfect plaster, a molding with a few coats of paint on it, that kind of thing. Then again, there are plenty of people who don’t want to deal with that and want everything to be as good as new. Maybe they will be willing to pay $2,950,000 for this place. What do you think?
481 4th Street [Betancourt] GMAP P*Shark
it’s not that it’s wrong, it’s just really niggly.
if someone think this is a great deal (which it ain’t), it’s a deal because of the space or location or one’s view of the market.
whether the parquet lines up isn’t really the biggest deal. neither is the door in the bathroom in the co-op, your other beef du jour.
nope
Hard to imagine any house in any neighborhood being worth this much right now, save for some spectacular property on the BH promenade or something.
For that premium why wouldn’t you buy your own wreck, apply your own TLC, instead of inheriting this ticky-tack job. Days of flipping are way over, agreed Miss Muffett; I wouldn’t pay his original buy price to own this.
ontheparkway…I like to see renovations done right!
Is that so wrong?
bay ridge girl, you seem to have a lot of beefs
I’m with BRG on that one. A pet peeve. And really, I don’t know why, but this one feels wrong to me. A million dollar flip in this market? Sort of offends that frugal and home loving part of me. And please, a floor plan too much trouble?
bayridgegirl, you should see the doctor about that.
Talk about bad timing – this is NOT the time to attempt a flip – they will lose money.