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
Just a little tip…Walanne has not only sold quite a few homes in this area and is extremely connected (and probably has a list of people to call about this property without needing to have an A + listing for the brownstoner.com crowd) but she also owns MULTIPLE brownstones on the block. Really gorgeous ones.
So clearly she’s doing something right and knows more about the market than most on this website. Anyone else here OWN multiple multi-million dollar brownstones? Ok, then. 🙂
And asks are falling with comps. You used to ask 2.475 and got 2.2. Now you ask 2.2 and will get 1.9. Lower and lower. See how this works, slopefarm?
***Bid half off peak comps***
Hey numbnuts…that works out to 13% below peak comps. Your math skills realy suck, buddy.
Apparently you don’t see how it’s working.
By lechacal on April 1, 2009 1:21 PM [last year on $2.2M comp]
“This will be a real test of my theory that prime block park slope brownstones will hold up better than other properties…”
FAIL
“…It would not surprise me if the price is within 10% of ask.”
11%. Boo! [lechacal leaves his feet]
By 11217 on April 1, 2009 1:31 PM [last year on $2.2M comp]
“…this would have been listed at 2.8 at a minimum.”
This is what I’m talking about! Prime Park Slope down -20% just like everywhere else.
And asks are falling with comps. You used to ask 2.475 and got 2.2. Now you ask 2.2 and will get 1.9. Lower and lower. See how this works, slopefarm?
It says estate condition but look at those photos – beautiful! “Estate” for Park Slope aint the same “estate” for more fringe brownstone ‘hoods. The broker is just trying to hook you.
***Bid half off peak comps***
Slightly cracking up at the thought of Union Gas sponsoring the brownstone showcases. I mean, did the conversation go like this? “It’ll be great for business. Those old houses leak like sieves! They’ll be paying us millions for heating and cooling.” Or, you know, maybe they were thinking gas light = Brooklyn brownstone = Union Gas. I don’t know.
TraditionalMod, the kookiest I ever saw — in a vintage home dec book — was a kitchen whose appliances were wallpapered to match the walls. Wallpaper was of course a florid vinyl tile 1970s design.
Guess who supplied the photo for the book? A wallpaper manufacturer.
If you love hippykitchens, do you know Conran’s The House Book and WaryMeyers.com? Also in the same vein is Native Funk & Flash, although it’s more about clothes than interior decor. I also really like KatyElliot.com although I suppose it’s the opposite of those.
11217 — If what you say becomes true (around the country), housing prices will stabilize, price increases will be slower and more predictable, and outliers will be considered outliers instead of “comps.” This could be he start of a healthier economy… but not holding my breath.
Hopefully that will change a little traditionalmod as people tend to think about their place as more of a home than as an investment. Seems people are buying properties now thinking a little more long term than they used to…part of the reason why I think that the Brownstone market has been so active, despite the recession.
I also get to see great pictures of kitchen designs from vintage housekeeping and design magazines. They used to be so much more carefree and imaginative with kitchens. People are more fearful about doing a design that doesn’t appeal to everybody nowadays. Myself included. I wish I’d gone a little more hog wild but kitchens are expensive! So it’s scary to do something kooky, as fun as it would be.
Mopar, thanks for sharing! That’s like my dream website! So great.