House of the Day: 243 Kane Street
While we’re on vacation this week, we’re spotlighting some properties that have been on the market for a long time…After being purchased for $1,802,000 in June 2007, 243 Kane Street hit the market asking $2,950,000 in July; the price was increased in September to $3,400,000 and again in May 2008 to $4,075,000 before being reduced…
While we’re on vacation this week, we’re spotlighting some properties that have been on the market for a long time…After being purchased for $1,802,000 in June 2007, 243 Kane Street hit the market asking $2,950,000 in July; the price was increased in September to $3,400,000 and again in May 2008 to $4,075,000 before being reduced slightly to $3,995,000 in June. The price stayed there until the end of December when it was trimmed to its current asking price of $3,850,000. It’s an extra-wide house in a great Cobble Hill location but the renovation, while not corner-cutting by any means, strikes us as being as much of the problem as the price. It’s one of those neither-fish-nor-fowl jobs: The house has lost its historic charm but the look that replaced it is not successful enough in its modernism to make up for it. Do you agree?
243 Kane Street [Brown Harris Stevens] GMAP P*Shark
yo no tengo much dinero tambien
No habla en stupido.
Dean Street: Disappointing to hear about the white marble floors!
Maly, if you had 2.5M, you would spend it all on a house? if so, you deem that to be best use of your $$$ at this time?
I really everything except for the price. That said, if I had 2.5M, that’s where I’d spend it. At this stage, the listing price is aspirational at best.
Greedy fools. Hoping they lose it in foreclosure.
The reason for the pricing changes is that the renovation was done in stages. First they tried to flip it with mostly cosmetic improvements. As they did more extensive renovations they raised the price. That said, they missed the boat. 13 Tompkins pl, a bit nicer reno and location, was on the market at the same time and closed at $3.95m just before the crash. This interior not great but good. The Mitsubishi A/C really bothers me at this price.
the price increases are probably an unintelligent attempt to convey to buyers that this is so so hot that prices are going up each day. Cant blame a seller for being greedy asking for the stars. It’s the dumb buyers who would pay these prices that I want to slap some senses into them.
Sellers are fishing for a bigger fool who equate higher prices with value. Good luck.