House of the Day: 449 Bergen Street
This two-family house at 449 Bergen Street in Park Slope hit the market last month asking $1,899,000 and just reduced earlier this week to $1,795,000. The three-story (sorta) house was renovated top-to-bottom in 2002, the year before the current owner bought it for $595,000. Seems like a pretty stiff mark-up to us. 449 Bergen Street…
This two-family house at 449 Bergen Street in Park Slope hit the market last month asking $1,899,000 and just reduced earlier this week to $1,795,000. The three-story (sorta) house was renovated top-to-bottom in 2002, the year before the current owner bought it for $595,000. Seems like a pretty stiff mark-up to us.
449 Bergen Street [Aguayo & Huebener] GMAP P*Shark
“282 is not 321.”
It isn’t Berkeley Carroll either, but it’s a good public school. Show me the multifamily house that big in the 321 district for $1.2M (or $1.795 for that matter).
Incidentally, every single parent I have talked to with a child in 321 complains about the overcrowding, the attitude of the main office and the lack of interaction with teachers. Sure, it’s a good school but it isn’t perfect, and it isn’t the only one in Brooklyn that’s any good.
Anyway, my point was that wishful thinking aside, there is no way this house is going for under a million. Believe me, I am trying to buy, I WANT prices to come down like that but they just haven’t.
“BHO, I need to buy now. Age, family situation, could be laid off, before interest rates go up.”
You are absolutely wrong, mopar (especially “laid off” – I don’t get that one). How do you think poor, low income families manage? You WANT to buy. How many times do we have to go over the interest rate thing? Higher rates will add to the already downward price pressure and cancel out the monthly payment effect (smaller principal). Please tell me I’ve been had by sarcasm.
“Prices have come down but the sad fact for us buyers is, they haven’t come down as much as most of us want.”
Impatience will cost you hundreds of thousands, gidget.
***Bid half off peak comps***
“the school district counts for a LOT”
282 is not 321.
As someone who has been househunting for far too long, I am not quite getting this thread. No, the house is not a marvel of beauty, but neither it is hopelessly small or ugly–the moulding in the family room is quite pretty–and the school district counts for a LOT, as does proximity to 5th Avenue and the fact that it includes a rental. Prices have come down but the sad fact for us buyers is, they haven’t come down as much as most of us want. I dislike A&H as much as the next potential buyer (the site is inexcusable in this day and age, and the brokers are not generally pleasant to deal with) but unless the sellers are truly desperate this will not go for under a million. While $1.795M indicates some serious apple-pie-in-the-sky thinking, I think Boerumresident is right, around $1.1M to $1.2M. It will sit on the market like most of the listings I have been watching while the sellers get used to that haircut.
This is Park Slope? It seems like a far stretch into the nethermost regions.
BHO, I need to buy now. Age, family situation, could be laid off, before interest rates go up.
Let’s all say this togethe:. The market is beyond inflated. This property listing is our jump the shark momrmt mu friends. A desperate grab for cash by A&H to cash in at the tail end of one spectacular bubble. Just pathetic. Pity the sellers, being sold a pile of dog crap by A&H. Of pity the poor fool so pays even close to asking and loses their shirt.
“needs to buy now”
No such thing.
***Bid half off peak comps***
more4less
good point