Last Week's Biggest Sales
1. COBBLE HILL $1,518,000 202 Warren Street GMAP (left) This house was pitched as follows: “Excellent investment or live in opportunity! This 4 story 4 family landmark house is located in the heart of historic Cobble Hill, on a beautiful tree lined street. The house offers original details, wood floors, a spacious backyard, new windows,…
1. COBBLE HILL $1,518,000
202 Warren Street GMAP (left)
This house was pitched as follows: “Excellent investment or live in opportunity! This 4 story 4 family landmark house is located in the heart of historic Cobble Hill, on a beautiful tree lined street. The house offers original details, wood floors, a spacious backyard, new windows, a new roof and good mechanicals.” According to StreetEasy, it was first listed for $1,995,000 in May ’08. Entered into contract on 5/25/09; closed on 8/17/09; deed recorded on 8/20/09.
2. BOERUM HILL $1,516,500
238 Wyckoff Street GMAP (right)
When this 2,736-sf brownstone was an Open House Pick in March, it was listed for $1,700,000. StreetEasy shows the price being reduced to $1,625,000 in April. Entered into contract on 6/30/09; closed on 8/5/09; deed recorded on 8/17/09.
3. SOUTH SLOPE $1,475,000
465 13th Street GMAP
The price on this 3-story brownstone was cut a couple times: From $1,775,000 to $1,650,000 to $1,585,000 in April, when the appraisal widget clocked in at $1,293,276. The sellers bought it for $1,300,000 in 2006. Entered into contract on 5/26/09; closed on 8/10/09; deed recorded on 8/18/09.
4. SUNSET PARK $1,180,000
832 48th Street GMAP
This is a 3,000-square-foot, 4-fam, according to Property Shark. Entered into contract on 6/28/09; closed on 8/5/09; deed recorded on 8/17/09.
5. BATH BEACH $1,180,000
8669 Bay 16th Street GMAP
This is a 4,224-sf, 3-fam built in the late ’90s, according to Property Shark. Entered into contract on 7/25/08; closed on 3/24/09; deed recorded on 8/20/09.
Pics from Property Shark.
11217 – thanks as always!
I wish I could limit my comments to only say positive things, but I thought this was a blog about RE where we all can comment on certain aspects.
please! My house was listed as one of those “open houses of the weekend and people made some negative comments about what was happening on the inside – I just had to deal with it.
But one thing is FOR SURE – no one said wow that POS is totally overpriced
btw, the house on 13th street is worth $1.475 if you believe in the market. (g10- this seller came down by 17% on your own metric.)
i’ll take a wild guess and posit that the bears around here would declare themselves believers in free markets (here’s looking at you BHO / BO / M4L / MM and various sundry MissMuppet acolytes). Yet the only defense they raise against these kind of data points is, “outlier”, “dumb”, “seriously overpriced”, “stupid buyer”, or some such adjective that belies there own free market views.
what if PT Barnum were right? There were a sucker born every day? Then the market is made up of suckers and we should get used to it.
What I see here is that prices in established areas are coming down, and prices in emerging neighborhoods (South Slope) are going up.
Of course, there could be other factors. For example, cherchez le rent controlled tenant.
you’re right more4less, i got the listings mixed up. cave dwelling was in carroll gardens.
I see absolutely NOTHING wrong with Gemini’s comments. She has the right to voice her opinion over what a property is worth, just like everyone else here does.
My god…how many times do we hear from Miss Muffet over and over about how every single property in Brownstone Brooklyn is overpriced by 500k, even when she’s been proven wrong time and time again.
Do you think you putting in 1.1. million on the widget for a 2.0 million dollar home isn’t the same thing??
Gem knows this area and knows that the seller probably overpaid. So what?
Antidope, you know history declares winners & losers but they do so after the “event” is over. currently, the “event” is still playing out. Bottomline outcome dictates who’s the winner & loser. even if someone made all the right decisions but somehow got the bad outcome vs. someone with all the bad decsions but got a stroke of massive good luck – there’s your loser & winner.
so we can have opinions now but the label that sticks is the one rendered after the “event” is over.
Antidope
are you kidding?!?!?! -I am ALMOST always a bull! but even I have to say WHOA NELLY sometimes!
I am selling my house right in Park Slope and you know what! I had to come down 18% off my asking price. I am not in a positon to wait and wait and wait some more until someone comes around and perhaps gives me close to ask.
Kudos to these sellers if they had that sorta time
but please I am usually pretty bullish on homes that are worthwhile in my opinon
I am a very live and let live type person but sometimes I am shocked by people’s choices
Leaving out the dumb labels – can see why some see it’s inappropriate.
similar to how these labels can rub some people the wrong way, I find equally irritating why people continue to reference the “Need” to buy. That kind of talk can get some nieve people into buying in this clearly declining market and could wreck their finances for a long time. Can see someone who “HAS” to sell. But don’t agree there’s any circumstances that someone “HAS” to buy.
Wasder
who cares what I say about a particular property?
I know that area well and that fact that someone wanted to pony that money up for that property is crazytown to me