House of the Day: 211 Berkeley Place
When 213 Berkeley Place was a House of the Day last year, we predicted it would sell for around 10 percent off its asking price of $2,475,000 and sure enough it closed for $2,200,000 in August 2009. Now the house next door at 211 Berkeley Place has hit the market at the remarkably similar price…
When 213 Berkeley Place was a House of the Day last year, we predicted it would sell for around 10 percent off its asking price of $2,475,000 and sure enough it closed for $2,200,000 in August 2009. Now the house next door at 211 Berkeley Place has hit the market at the remarkably similar price of $2,199,000. It’s also a beauty, with beaucoup architectural detail, but it’s in estate condition and will undoubtedly need some dough to freshen it up. As a result, the asking price may not be as much of a lay-up as one might think based on the comp alone.
211 Berkeley Place [Prudential Real Estate] GMAP P*Shark
Sold.
20 days on the market.
Have no idea if this will sell at or near ask, but if it does it will be despite the listing not because of it.
Just trying to bring some reality to the situation, Ty.
There was bitching about 205 6th Avenue which was HOTD here recently (notably from Mr. Joist).
Guess what? Already in contract in less than a month. Asking price: 2.72 million.
And the quote from Mr. Joist just cause it’s so funny:
“Hah! $2.75 for steam radiators painted silver, window A/C’s, no ensuite master bath and a scrappy-do back yard. Nice animal clinic next door too. Good luck!!”
11217 is full of piss and vinegar today! (but subtle and nuanced piss and vinegar)
The funny thing is it’s almost like BHO is TOTALLY CLUELESS about brownstones. These are not new construction boxes. Each one is a different story of what kind of shape it’s in thus the variable in price. I could see photos and predict 2.8, but maybe it needs all new mechanicals and bathrooms and kitchen. Then it’s a whole different story. Each one is its own situation and can not be judged with definitive accuracy looking at a couple photos.
Which is part of the reason why there were so many people looking at today’s HOTD over the weekend. They didn’t need to see the photos because people who are serious about buying a 100 year old brownstone know that you need to see it in person and go over it with a microscope.
People who are NOT serious buyers of brownstones want to see pretty pictures on the internet so they can critique the design choices of people who own homes they wish they could afford.
“Ha ha, etson. 11217’s comments last year were not random and coincidental.”
Why are my comments not random? They seem pretty random when I’m making them half of the time.
I’m flattered that you give me so much credit, but I’m not an appraiser.
Exactly, etson.
My 2.8 was a guess. While I like to think I know the PS market fairly well, I’m not a broker haven’t actually SEEN the inside of most of these houses, but am making educated guesses on the information I have at hand.
But BHO wants to take my numbers as fact. Which is weird.
Ha ha, etson. 11217’s comments last year were not random and coincidental. They were based in fact and merely confirmed my impression of the Park Slope market and all other ‘hoods. Comps peaked at [today’s comps]/0.80. Everything down neg twenty give or take a few outliers or disasters.
Work on your comprehension, then math.
***Bid half off peak comps***
oops 40% off, 60% of.