Open House Picks

I can’t confirm any sale on the Jackie Wong house-42 Midwood. I haven’t been in contact since the Open House in February. The paperwork for the bid read that the highest bidder pending approval from the bank would get firts dibbs. However, JW suggested an opening bid of 969k in the NYTimes ad. Not sure it sold.

Midwood house last year was interesting. I think it was offered by A&H. The inside was rough to say the least. Many projects were started and not complete. Can’t be an equal comparison. Whether or not the house sells for the record $1.15m is another story.

You are right. 73 Rutland Rd.

Seems like the Jackie Wong property went to a short sale. Silent bid auction was held. The bid form required a 7% buyer’s fee on top of your max bid. It would have been cheaper to bid the house when it was offered at 999k. She wanted bidding to start at 969k. With fee, that puts the house way over previuos ask. Nuts. Home needed work as well. No contingency for not attaining financing in 30 days. Would lose deposit and earnest money for sealed bid requirement.

I went to an Open House this weekend in LM at 72 Rutland Rd. Very nice, clean, and well represented by Jerry Minsky and Jacqui Howard at Corcoran. Cabinets in the ground floor kitchen aren’t the best. Nice wolf oven and sub zero fridge but no exhaust hood? Incomplete. Big house, original details are great.

Midwood home Open house, immaculate. Bathrooms, kitchen, details, you probably could’ve eaten off the floor. 1.15m, humm. Steep. Comp. house was on Lincoln road and sold for $1.15m-286 Lincoln road. It was sold at the top of the market and redo looked great. I don’t doubt this home on midwood isn’t worth their asking price but $1.15m nowadays when 20% is required down and lending practices aren’t as loose, definitely cuts down the list of exhuberant bidders tremendously. A nice home on a great block. But times are different. We’ll see how long it lasts.

6:10 wrote: “Bob Marvin, do you know if there’s any flooding basement problems on your block? My friend on Maple 2 has leaking issues in her English basement. Also, where are all the other LM houses for sale and who besides BHS is showing them?”

No real flooding that I know of. My own house had some leakage through the rubble wall rear foundation that I solved through a number of small measures over twenty years ago–things like having the cement near the back of the house re-graded to direct water away and applying hydrolic cement to obvious leaks. I still would get wet spots on the thin cement “rat shield” floor in my cellar. That stopped several years ago when there was a drought and the water system in Prospect Park started being fed from wells instead of from a City water main. That lowered the water table. Strangely, I haven’t had any noticable moisture since, even though the park stopped using the wells a few years ago. I don’t understand why, but I’m not complaining. The two story houses on my block [AND Maple II] have basements that don’t go as deep as my cellar so you’d think they wouldn’t have problems, yet 6:10’s friend reports problems–perhaps they’re the same problems I had years ago–I can’t really say but back yard grading and rear foundation leaks are things to look for.

As to 6:10’s other There was a former HOTD here on Rutland I that was being sold by a small broker last Fall–I THINK that’s still on the market. I saw that house–it’s an estate sale and is kind of a mess IMO:

http://bstoner.wpengine.com/brownstoner/archives/2007/10/house_of_the_da_399.php#comments

The Fenimore Street FSBO HOTD from last week is probably still for sale. Also, there’s a three story limestone on Midwood I being sold by a Queens broker named [IIRC] Jackie Wong–I saw that last week and it seems to be in pretty good shape.

Outside of Lefferts Manor, Corcoran is listing a very nice double duplex on Parkside. Avenue. Sorry I don’t know of more houses–I actually DON’T track houseds for sale here as closely as you might think from reading my PLG-boosting posts here.

The 16th Street house had estate issues, can’t be sold until the fight is resolved. So it hasn’t sold for 1.2 or whatever the last bid was.