Last Week's Biggest Sales
1. MILL BASIN $2,850,000 2235 East 66th Street GMAP (left) According to a listing, this house is 12,096 (!) square feet and was asking $5 million. Entered into contract on 9/22/09; closed on 9/22/09; deed recorded on 10/21/09. 2. PARK SLOPE $2,400,000 178 8th Avenue GMAP (right) When this single-family was a House of the…
1. MILL BASIN $2,850,000
2235 East 66th Street GMAP (left)
According to a listing, this house is 12,096 (!) square feet and was asking $5 million. Entered into contract on 9/22/09; closed on 9/22/09; deed recorded on 10/21/09.
2. PARK SLOPE $2,400,000
178 8th Avenue GMAP (right)
When this single-family was a House of the Day in May, it was listed for $2,995,000. The reader widget guesstimate for its selling price, $2,382,103, was pretty close to the mark. Entered into contract on 8/11/09; closed on 10/14/09; deed recorded on 10/21/09.
3. PARK SLOPE $1,975,000
458 2nd Street GMAP
This 4-story townhouse was listed for $2,235,000 in April, according to StreetEasy. Entered into contract on 9/15/09; closed on 10/6/09; deed recorded on 10/19/09.
4. MANHATTAN BEACH $1,700,000
118 Hastings Street GMAP
A 3,908-sf, 2-family, according to Property Shark. Entered into contract on 12/22/08; closed on 8/11/09; deed recorded on 10/23/09.
5. PROSPECT PARK SOUTH $1,600,000
1306 Albemarle Road GMAP
This sprawling Victorian Flatbush beauty was on the market for a long time. The 15-room manse was a House of the Day in September ’07, when it was listed for $2,595,000. By the time it was an Open House Pick this May, the price was down to $1,895,000. While the house sold for quite a bit less than it was initially asking, this still has to be one of the biggest sales ever in Prospect Park South. Entered into contract on 7/10/09; closed on 10/15/09; deed recorded on 10/23/09.
8th Avenue photo from Property Shark; Mill Basin photo from Realtor.com.
Oh yes, and this other nugget from MarketWatch: “Many economists expect further declines once temporary government support for the housing market is removed.”
From MarketWatch: “The figures are not seasonally adjusted. Prices typically rise in the summer months when demand is stronger.”
http://www.nytimes.com/2009/10/28/business/economy/28home.html?_r=1&hp
U.S. Home Prices Continue to Stabilize
By DAVID STREITFELD
Published: October 27, 2009
Home prices continued to increase in August, according to data released Tuesday.
The Standard & Poor’s/Case-Shiller home price index, a widely watched measure of 20 metropolitan areas, rose a seasonally adjusted 1 percent in August from the previous month.
“So far, so good,†said Maureen Maitland, vice president for index services at Standard & Poor’s. “There’s nothing negative in these numbers.â€
178 8th avenue and 458 2nd street sold for $514/sq feet and 587/sq feet respectively. Both are in good conditions and renovated and are in the PS 321 zone. Say what you want, but house prices in the prime park slope areas have come down A LOT!
So they finally managed to push Albemarle over the finish line. Shame….I was all ready to offer $500k cash.
> The asking price of $2,595,000 is up there
> but seems perfectly achievable to us…
Give or take $995,000.
I think this is karmic payback for the unseemly gloating of the headline “20 Clifton Place Sells, Kicks Widget’s Ass.”
Ditto, my first thought was “hmm, this Midwood house appears ready for take-off”, and my second thought was pure envy for the new owner of the mansion on Albemarle. I hope they have the money to give this beauty a proper restoration.
Wow, aishling, that is one horrible looking house!
Don’t forget this classic Mill Basin house (http://www.brownharrisstevens.com/detail.aspx?id=893651), only a couple blocks away from today’s monstrosity.