House of the Day: 275 12th Street
This house on 12th Street in the South Slope has been on the market for more than three months but we didn’t hit it until now because the listing doesn’t reveal the address. But through the magic of Property Shark we were able to deduce that the address is 275 12th Street. Aspects of the…
This house on 12th Street in the South Slope has been on the market for more than three months but we didn’t hit it until now because the listing doesn’t reveal the address. But through the magic of Property Shark we were able to deduce that the address is 275 12th Street. Aspects of the house are attractive, but we’re not so keen on the kitchen, the yard or that weird awning thingy out front. The asking price was—and still is—$1,385,000. Does that sound reasonable to you?
275 12th Street [Douglas Elliman] GMAP P*Shark
also by the time this house actually sells, that kitchen will totally be back in fashion again! win/win situation. why would the owners waste their money renovating a kitchen when stupid kitchen style is so fickle anyway? as long as there’s a hole to wash dishes and a hole to poop, let the new owners deal with how they wanna decorate those pipe holes.
*rob*
If a parent has dementia or even mild dementia, you do not want them in a separate apartment. You want them right there with you or with an attendant 24/7.
dont some families turn the rental unit into “in-law suites” for when their parents get the dementias and cant live on their own anymore?
*rob*
I think that is my very least favorite of the ‘stock’ cabinets. That white formica with cheap wood grips look…always has peeling strips of material coming off of them. Hate.
At least it is not shoehorned in between the Prospect Expressway and Fourth Avenue like several prior “South Slope” properties. The location here is OK for what it is, peripheral Slope. The facade is attractive, minus the little awning thingie which should be unclipped from whatever it is clipped to. The kitchen is circa 1989. the backyard is workable. The price seems unrealistic for the location and condition. This is an under million dollar sale.
Antidope – I think a lot of people dream of keeping the rental until such time as they do not need the income and can convert to a 4 story single family. I am not saying this is rational, but it definitely plays into it.
why does everyone value a rental? the proposition is terrible from an investment perspective (i would not consider this house to be an interesting investment as is). isn’t the more natural setup a single family? wouldn’t you rather own a 3-story single family than a 4-story set up as a triplex and a rental. the *missing* rent is more than offset by a more than proportionately reduced basis/mortgage and you don’t have any of the tenant headaches or privacy issues.
Amy be no garden level cuz it can get a bit wet down there, that is, down by 4th ave
Pigeon – i agree about the garden level. price seems high but its not my hood so who knows.