House of the Day: 471 Decatur Street
When 471 Decatur Street was an Open House Pick back in June of 2008, its asking price was $895,000. Now the three-story brownstone is listed for $695,000. Though it’s located in one of the nicer parts of Bed Stuy and is in decent shape, we suspect the lower price still isn’t a lay-up. If we…
When 471 Decatur Street was an Open House Pick back in June of 2008, its asking price was $895,000. Now the three-story brownstone is listed for $695,000. Though it’s located in one of the nicer parts of Bed Stuy and is in decent shape, we suspect the lower price still isn’t a lay-up. If we had to guess, we’d say this goes at closer to $650,000. What do you think?
471 Decatur Street [Location Location Location] GMAP P*Shark
>>>>>”Technically all of Decatur is in Stuyvesant Heights. The original planners of Stuyvesant Heights have the boundaries between Tompkins and Howard east-west Fulton to Gates south-north. Decatur starts at Tompkins the only landmarked part of Decatur is between Stuyvesant and Lewis but west of that area is calendared. This beautiful block will be landmarked I am sure in the future. the request for evaluation has been sent for this area called the Stuyvesant East Historic District.”
Historic Decatur starts on Throop. I know this as fact because I own on that block.
“my mortgage is already cheaper than renting”
Naaah, mopar. Divide loss after half off by typical months of ownership (say 60 to 84) and add it to your monthly nut. That amount, your real monthly cost, is more expensive than renting. Having you compare only monthly mortgage to rent is the oldest broker trick in the book.
***Bid half off peak comps***
Naaah, BHO, my mortgage is already cheaper than renting. Any lower and the investment vultures fly in. You’re out of touch. Bed Stuy is very popular right now because it’s so affordable, lots of folks buying houses there now.
I moved to the area a couple of years ago and have felt very welcomed from the beginning. This is the most friendly neighborhood I’ve ever lived in.
“Comps for MY house are in that range.”
‘ARE’ today. ‘HAVE BEEN’ tomorrow.
***Bid half off peak comps***
I’m pretty sure you can buy this house for $100 bucks in Detroit.
i have a place around this area, infact a few blocks further east. i have found that being in ‘east’ bed-stuy is not that big an issue as is always harped on in the bed-stuy location debates.
The Bed Stuy house would be more than five million dollars if it were on Sutton Place.
Posted by: East New York at November 24, 2009 3:14 PM
And actually that’s probably only 7-8 miles away.
BHO, that is absurd. Comps for MY house are in that range. This house is worth more on multiple levels.