House of the Day: 329 Adelphi Street Reduced
The beautiful but crumbling wood frame house at 329 Adelphi Street has a new broker and a new price tag. The shingled corner house started out asking $950,000 last May. According to a few people we know who’ve now been inside, though, it needs so much work that that price was unrealistic. The new asking…
The beautiful but crumbling wood frame house at 329 Adelphi Street has a new broker and a new price tag. The shingled corner house started out asking $950,000 last May. According to a few people we know who’ve now been inside, though, it needs so much work that that price was unrealistic. The new asking price of $795,000 is still more than the pricing widget called for last go-round, which normally wouldn’t be an issue given the widget’s track record of underpricing by 15 percent or so. In this case, though, we suspect the masses may have some wisdom: An architect we know said you’re looking at a million bucks of work here.
329 Adelphi Street [Ahrlty.com] GMAP P*Shark
House of the Day: 329 Adelphi Street [Brownstoner]
BrooklynGreene, they seem to have sadly cancelled the Oct. 15 meetup.
Slopefarm, lol. Re mold, kinda looks like mold growing on the radiator cover. But who knows from a tiny photo.
Grand Army, I like your vision.
Now’s the time for a banker still pulling down those crazy bonuses to take this on as a labor of love. Deep pockets. That’s the only way this can work. But really, what’s $1.5 mil (or less) to save a beautiful antebellum house with a perfect view of the NYC marathon route? Give it to your “arty” 22-yr-old kid as a college graduation gift. It would be one sweet house if done properly.
Mopar,
When and where is the happy hour going to be next? It would be funny to go.
Count me in on an old frame rehabber’s 12-step meeting. My name is S.L and it’s been three years since my last joist was sistered.
Mopar, I see a peeling radiator under the window. Are you looking at a tiny spot to the right of that? It looks like its on the baseboard. May just be schmutz.
Too bad about the water damage. Is that mold I see in the corner under the window by the fireplace? Otherwise it doesn’t look so bad in the photos.
Shame to gut renovate. Then what are you saving?
Brenda, BrooklynGreene, Minard, any chance you’re coming to the Oct. 15 meetup? It’d be great to meet you. We’re fixing up a little wood frame house in Bed Stuy on the cheap. Doing an electrical upgrade, mainly.
Archigoddess: You’ve been clear. I’m half asleep and I can tell you’ve been quite clear.
Considering all of this, it’s disingenuous for the broker to say “an unheard of low price of $795,000.”
Said it could get close, but NEVER said it should. Have also said at least twice, no one actually knows. Can’t be any clearer than that.
Archigoddess… it wasn’t you that said it would cost a million. You were just confirming that this could and should be a POSSIBILITY. That, of course, is just completely absurd.