House of the Day: 78 Douglass Street
After picking up this three-story house at 78 Douglass Street in 2006 for $425,000, the owner renovated it (with so-so results) and then put it on the market in 2007 with Corcoran for $1,500,000. After a couple of months, it was pulled from the market. It re-emerged with Aguayo & Huebener this April and recently…
After picking up this three-story house at 78 Douglass Street in 2006 for $425,000, the owner renovated it (with so-so results) and then put it on the market in 2007 with Corcoran for $1,500,000. After a couple of months, it was pulled from the market. It re-emerged with Aguayo & Huebener this April and recently underwent a price trim that brought the ask down to $1,659,000. Realistic?
78 Douglass Street [Aguayo & Huebener] GMAP P*Shark
No floor plan? They suck.
Gorgeous 3 story 1 fam (zero rental but mucho tental income) with the PJ factor. Crash support @ $750K to $1M. Think real hard about the 2006 price paid. Yeah, comps were a little more but is a renovation worth THAT much?
***Bid half off peak comps***
I infer from the written description that there is only one bathroom and a “hook-up” for a second bath in the garden level? That’s a minus. The brick-vaulted rear porch is deeply disturbing. Who built that and when -and why?
If you love brick and don’t use the bathroom much, this house is for you.
I say they get 1.2 million for the house. It is on a nice quiet block. The re-do itself is just odd.
Avtually Park Sloper, exposed brick is **so** 1969.
I liked it then but hate it now.
CGfan–in no way am I saying that 1.2 is a bargain. I am just saying I bet they would find a buyer at that price.
Hmmm bad school district. One block from a housing project. Near the height of the market it went for under $500,000. I guess if you put up a ridiculous asking price, coming down $400 or $500,000 makes you think you got a bargain. 1.2 million isn’t a bargain to me, but perhaps there’s a buyer out there somewhere who thinks it is.
Maybe the bricks fell off the back of a truck.
Yeah, can’t fathom somebody upping the price from 2007 (the peak) til now (escalator going down). Another one of those “what are they thinking” asks. Certainly looks like a decent house and some of the renovation issues could be fairly easily remedied. At 1.2 they will have a deal I would think. Seeing as how they bought for 425 and couldn’t have spent more than 300 renovating they will still turn a very tidy profit on this house.
I hate the cabinets too
but love exposed bricks
am still trying to figure out though did they use bricks as a ceiling in that room or is it wood?
There goes Mr. B ranking on developers again 🙂
I take it this is a flip.