Last Week's Biggest Sales
1. COBBLE HILL $3,050,000 227 Kane Street GMAP This 4-bedroom, 3 1/2-bathroom landmarked brownstone sold for $2,429,000 back in 2007. The listing says the building has a “huge country kitchen,” central air, 2 working fireplaces, and 3 decorative fireplaces: “The just-renovated townhome has everything today’s home buyer could want, enveloped in the beautiful flooring, plaster…
1. COBBLE HILL $3,050,000
227 Kane Street GMAP
This 4-bedroom, 3 1/2-bathroom landmarked brownstone sold for $2,429,000 back in 2007. The listing says the building has a “huge country kitchen,” central air, 2 working fireplaces, and 3 decorative fireplaces: “The just-renovated townhome has everything today’s home buyer could want, enveloped in the beautiful flooring, plaster and crown moldings, columns, marble mantles, and extensive details that denote the traditional luxury of an historic brownstone.” Entered into contract on 10/30/09; closed on 2/4/10; deed recorded on 2/23/10.
2. BENSONHURST $1,525,000
7819 Bay Parkway GMAP
Built in 1930, this 1-family with a garage has 2,046-sf residential space and 1,934-sf commercial space, says Property Shark. It appears that the former owner used the commercial space as an ophthalmologist office. Entered into contract on 10/1/09; closed on 2/23/10; deed recorded on 2/16/10.
3. WINDSOR TERRACE $1,300,000.00
536 17th Street GMAP
This brick row house was an Open House Pick early last month, when the asking price was $1,295K. But the listing offers it at $999K and describes it as a 2-family used as a 1-family with “4+ Bedrooms, 2 Baths… Exposed Beam & Brick, Tin Ceilings Red Oak 3″ Plank Floors.” Entered into contract on 12/10/09; closed on 2/11/10; deed recorded on 2/24/10.
4. DITMAS PARK $1,298,000.00
1600 Dorchester Road GMAP
This gorgeous Victorian with a very tasteful pool was a House of the Day back in June, when the asking price was $1,525,000. Entered into contract on 12/3/09; closed on 1/22/10; deed recorded on 2/24/10.
5. MANHATTAN BEACH $1,200,000
64 Amherst Street GMAP
According to PropertyShark, this 1,944-sf 2-family home was built around 1920 and has a garage. Entered into contract on 10/12/09; closed on 2/1/10; deed recorded on 2/24/10.
Photos from Property Shark.
I think Kane Street is just one of those special streets that will always have properties that sell at eyeball-popping prices, just as, say, Wyckoff Street will not.
Don’t think this price is indicative of either bullyness or beariness.
I see house prices have fallen so much in Ditmas Park and WT that Mr. B has taken to putting in the cents on the sale prices in anticipation of sub-dollar sales.
We can play chart games all day long.
———————
not playing games. just pointing out what really happened in the nikkei after japan’s housing bust began.
http://www.econreview.com/events/japan/japan-n225.png
BHO calls everything an outlier. maybe this Kane Street house is but it’ll certainly have an effect on comps!!!!
———
It certainly will.
On another note, has anybody noticed that the same experts who missed calling the housing downturn now expect us to believe them when they say that housing has bottomed?
Now you’ll be out half a mil or worse after all expenses if you sell in 2013. Ciabatta will be down too.
***Bid half off peak comps***
The Kane Street house might well be an anomaly, but then it again, maybe not.
Very odd layout, btw. The living room is on the 2nd floor, the master bedroom on the parlor, and the dining room and kitchen on the garden floor. Would need some dexterous guests!
So if you’re a bear, why not go short now Joe? Or two years ago when you moved into cash (that would have “paid off” even more than your cash). Cash = agnostic, not bear.
The tulip bulbs were an even bigger bubble and a harder fall. The US is nothing like Japan in the 90s. We can play chart games all day long. The economic data that we are currently seeing here in the US id far superior to that coming out of the 1930 crash and the crash in japan. Apples & Oranges.
BHO calls everything an outlier. maybe this Kane Street house is but it’ll certainly have an effect on comps!!!!
DIBS, a good chunk of your current mortgage payments are like rent – ie the mortgage interest portion post any deductions you claim on it. the genius in rolling the $$$ into house is you avoided getting spanked by the ugly stk mkt – ie think you might’ve lost way more than the drop in house value