Last Week's Biggest Sales
1. PARK SLOPE $2,750,000 205 6th Avenue GMAP When this 4-story, 21-foot wide, 2-family brownstone was House of the Day in June, we wondered if it would get its asking price of $2,725,000. Looks like it raked in an extra $25K — could we call this a bullish sign for the area? Average Reader Appraisal…
1. PARK SLOPE $2,750,000
205 6th Avenue GMAP
When this 4-story, 21-foot wide, 2-family brownstone was House of the Day in June, we wondered if it would get its asking price of $2,725,000. Looks like it raked in an extra $25K — could we call this a bullish sign for the area? Average Reader Appraisal was $2,339,097. Entered into contract on 7/21/10; closed on 8/31/10; deed recorded on 9/14/10.
2. CARROLL GARDENS $2,700,000
87 1st Place GMAP
This ginormous 8,950-sf brownstone was House of the Day back in January, when it’s asking price — which was originally $3,500,000 — got chopped down to $2,975,000. Average Reader Appraisal was $2,389,208. Entered into contract on 4/1/10; closed on 9/2/10; deed recorded on 9/15/10.
3. CARROLL GARDENS $2,238,500
343 Smith Street GMAP
This is the www.gallerythe.org building, a 1-3 family with commercial space on the first floor. According to its ad on StreetEasy, it comes with a 2-car garage and “2 high-end rentals.” Entered into contract on 4/30/10; closed on 8/3/10; deed recorded on 9/13/10.
4. MANHATTAN BEACH $1,807,500
182 Hastings Street GMAP
This, 2.5-story, 2,588-sf building is on a 6,000-sf lot, according to PropertyShark. Entered into contract on 5/24/10; closed on 9/13/10; deed recorded on 9/17/10.
5. PARK SLOPE $1,700,000
628 10th Street, #1B GMAP
This 2,528-sf condo is located in the Iroquois. “This distinctive townhouse-style triplex includes three bedrooms, two full baths and two half baths, a separate entrance, private garden and deck,” says its listing on StreetEasy. Entered into contract on 6/29/10; closed on 8/31/10; deed recorded on 9/14/10.
Photos from PropertyShark.
daveinbedstuy, my point is that we’re only seeing the wideget-ed places that have sold so its not an accurate sample. There are a lot of homes that were widget-ed that have not sold yet or were taken off the market. Perhaps in those cases the widget was more accurate…I don’t know.
I think people failed to account for the block it was on, and the amount of detail – the latter was pretty grand for a floor-thru. First impressions count!
That was a beautiful apartment, petunia. Not at all surprised it got snatched up quickly.
Some people really don’t “get it”
By Kensington Lite on September 21, 2010 2:36 PM
A sample of 2 doesn’t show that the widget was always too low.
You haven’t been watching long enough. It has been below actual price by 10-15% since it has been around.
In a related note, I heard that the 557 3rd St. Co-op of the Day from a couple weeks ago went at full price w/ multiple back-ups after the first open house. Not sure what the contract/board approval status is, but it sounds like a lot of people didn’t mind living on the “dark” parlor floor after all…
A sample of 2 doesn’t show that the widget was always too low. I bet that there are a lot of places out there that were “widget-ed” that are still on the market or were taken off the market. Lets see where they ultimately sell before we judge the accuracy of the widget.
Of course I wouldn’t expect to hear banner headlines on this site when a home sells below the widget! Brownstoner these days toes the realtor’s party line quite nicely, which isn’t surprising given that its where all the advertising is from. Fair enough, I’m just a potential buyer here to do some research and am not expecting unbiased journalism. I am however bummed that the widget is gone–I enjoyed it!
“bk — you would have to believe that every sale was at an irrational price to believe the widget was an accurate barometer of value.”
slopefarm, for quite some time I would say that every sale was indeed at an irrational price. Sort of a key factor in the economic distress of the past few years, no?
“But even before the widget, and even during the boom years of bidding wars and spiraling prices, commenters have always been talking down asking prices on this site. ”
Again to my original point, the comments on this website would have been more prescient that the people doing the buying no?
Anything that aggregates will be under every time. Even if everyone were as knowledgeable as me 😉
You could drive the prices down on the widget. People did it all the time. There was always someone who would put in a guess for a property that was at least half the asking price.
Why don’t you guys just leave the price in the comments? It’s the same thing but you’d actually get to see who was closer to the final sale price.