House of the Day: 36 Joralemon Street
36 Joralemon Street was an Open House Pick last September while it was listed with Brown Harris Stevens for $3,800,000. Now the listing’s moved to Corcoran and the asking price’s been reduced to $3,450,000. This is going to be a tricky one: The owners have clearly spent a lot of time and money renovating the…
36 Joralemon Street was an Open House Pick last September while it was listed with Brown Harris Stevens for $3,800,000. Now the listing’s moved to Corcoran and the asking price’s been reduced to $3,450,000. This is going to be a tricky one: The owners have clearly spent a lot of time and money renovating the brick house since they bought it for $2,325,000 in 2005. Some of the rooms look nice, but there are enough strange design decisions (in our humble opinion) that a large percentage of potential buyers will be turned off. At the end of the day, we suspect this will be another example of a house that suffers on the market from being neither traditional nor truly modern.
36 Joralemon Street [Corcoran] GMAP P*Shark
Ugh – so many pros and cons here… great layout and location, ugly exterior and bad taste renovations (kitchen and bathroom – ew!). Funny though – we just got that crib and the plastic dog for our baby-to-be’s room.
The small side yard behind the fence (shown in google streetview) belongs to this HOTD’s twin sister at 5 Columbia Place.
The woodframe house that Minard mentions is 7 Columbia Place. It was HOTD three times in 2006/7 as well as an Open House Pick.
3/3/06 HOTD — http://bk.ly/bmA
9/25/06 HOTD — http://bk.ly/bmC
1/31/07 HOTD — http://bk.ly/bmD
11/3/06 OHP — http://bk.ly/bmE
The 2009 fire was in the next house down in “Cottage Row” at 9 Columbia Place.
After the little bistro was torn down on this corner, this building went up, which is actually twin houses. The other entrance is around the corner on Columbia Place. There may also be a third entrance to a smaller unit. The adjacent historic house on Columbia Place is a pretty little woodframe house. It had a fire early last year. The windows were boarded for a while but the last time I walked by, it had been repaired and the windows were back in as if nothing had happened. This is the quaint area known as Willowtown, a subsector of Brooklyn Heights.
maybe city thinks should discourage condo owners because they are not desirable people.
I actually like this place, the biggest problem is the furnishings, too W hotel. If you don’t want the worry of a yard or have a country house this could fit the bill.
jb, 1-3 faimily homes pay little in taxes here in NYC. A 2 bedroom condo will pay more than a 3 or 4 story house. Houses are assessed at 6% of value, coops and condos at 45% of value.
Boerum, I defer to any accountants/real estate lawyers out there on the reasons for the LLC structuring. I always figured it was done by developers/flippers to hide their real identities or for a tax reason relating to characterizing the renovation costs as business expenses, but what you said could very well be true. I just don’t know.
I was basing the ballpark $2.5 number on the last sale. I understand that NYC’s tax base is maybe atypical in that the city relies heavily on wall st., but for the rest of the region, a $2M+ home would have a hell of a lot bigger prop tax bill than $9K.
The obvious counterargument is that in NJ, Westchester or LI, the high prop taxes are paying for the good schools (or at least that’s how those prop taxes are sold), but if someone knows the history behind NYC’s relatively low prop taxes (which seems all the more odd since there are relatively a lot of renters and not as many owners), I am curious to know.
The roof terrace is really nice.
This is a very appealing small house IMO.
Minard — that explains the unusual lot history. Thanks.
(And I agree with you on the whole wanting to live in a brand new house demographic, which is why I think the widget is off by more than the usual 10-15%.)