Open House Picks
Park Slope 451 6th Street Corcoran Sunday 12-2 $2,829,000 GMAP P*Shark Prospect Park South 169 Westminster Road Archive! Mary Kay Gallagher Sunday 1-3 $1,350,000 GMAP P*Shark Bedford Stuyvesant 238 Gates Avenue Brown Harris Stevens Sunday 1-3 $1,350,000 GMAP P*Shark Clinton Hill 96 St. James Place Corcoran Sunday 12-2 $1,200,000 GMAP P*Shark
Park Slope
451 6th Street
Corcoran
Sunday 12-2
$2,829,000
GMAP P*Shark
Prospect Park South
169 Westminster Road Archive!
Mary Kay Gallagher
Sunday 1-3
$1,350,000
GMAP P*Shark
Bedford Stuyvesant
238 Gates Avenue
Brown Harris Stevens
Sunday 1-3
$1,350,000
GMAP P*Shark
Clinton Hill
96 St. James Place
Corcoran
Sunday 12-2
$1,200,000
GMAP P*Shark
A few years ago I saw a house like that on the Boreum Hill house tour, but assumed it was a chopped up building – it have many different levels. Perhaps it was built that way.
The house on Westminster was purchased with the intention to “flip” it, but the timimg was not good and the current owners are now just looking to unload it without taking a loss. The term “flip” is not a legal term. 4:51’s general definition can be used to descibe most of what happens when one flips a home but the term can also be used to describe any number of real estate transactions where a house is purchased with the intent to resell, at a profit, in a short period of time. The resale can include low budget or upscale renovations or no renovation at all. I used to “flip” houses for additional income and I flipped two homes that I literally purchased and resold without doing anything to them. Thank goodness I made my money and got out two years ago. Now is not a good time for those who flip homes as their main income.
The house on Westminster was purchased with the intention to “flip” it, but the timimg was not good and the current owners are now just looking to unload it without taking a loss. The term “flip” is not a legal term. 4:51’s general definition can be used to descibe most of what happens when one flips a home but the term can also be used to describe any number of real estate transactions where a house is purchased with the intent to resell, at a profit, in a short period of time. The resale can include low budget or upscale renovations or no renovation at all. I used to “flip” houses for additional income and I flipped two homes that I literally purchased and resold without doing anything to them. Thank goodness I made my money and got out two years ago. Now is not a good time for those who flip homes as their main income.
The house on Westminster was purchased with the intention to “flip” it, but the timimg was not good and the current owners are now just looking to unload it without taking a loss. The term “flip” is not a legal term. 4:51’s general definition can be used to descibe most of what happens when one flips a home but the term can also be used to describe any number of real estate transactions where a house is purchased with the intent to resell, at a profit, in a short period of time. The resale can include low budget or upscale renovations or no renovation at all. I used to “flip” houses for additional income and I flipped two homes that I literally purchased and resold without doing anything to them. Thank goodness I made my money and got out two years ago. Now is not a good time for those who flip homes as their main income.
The St. James house clearly needs a lot of work, and it’s a shame there’s no basement. BUT, the layout is fixable, and the price is starting to be close to sane, unlike most houses around there over the last few years.
It seems to be almost a triplex-over-garden… really a 2.5-over-1.5. That’s fine, it just means a little more mortgage help from the rental. Only two things irk me about the layout: 1) the garden-level bathroom is up in the bedroom; and 2) the triplex kitchen is all the way on the top floor.
So, drop that parlor-floor bathroom down about ten feet and design a more compact, efficient kitchen, and you’ve got a decent layout for a 2br/1ba rental.
The triplex is more problematic, but in an ideal world: keep the living room by the parlor floor entrance, as now; set up an open kitchen/dining room in the front of the 3rd floor; put a master bedroom in the rear of the 3rd floor; and have two bedrooms, a bathroom and a den on the top floor (i.e. stick the kids up there).
I like the location, and for the right price (slightly less than asking) I’d be tempted.
Re: Westminster Road
The old MKG listing (from brownstoner’s archive link) shows the details:
SELLING PRICE: $1,175,000
ADDRESS: 169 Westminster Road
DATE CLOSED: August 2, 2007
Some of the pictures are the same in the old/new listing, so doesn’t appear to have been fixed up. Maybe just a change of mind and trying to get a small profit on the deal.
st. james needs to come way down! what do they think its 2005?
amazing – truly nothing pleases posters here – last time a house was listed as low as 1.2 on st. james it was bid up a couple hundred grand and sold within weeks of listing (earlier this year.) no house in the immediate area has sold for nearly as low as 1.2 in years. the location is really nice – one of the best blocks in CH.
and re:Westminister Road- it cant be a flip with such a small mark up – to second post 3.54 – a ‘flip’ is when an investor purchases, does superficial (and usually not high quality work,) and sells quickly with a large mark up. in this case, selling for less than 10% more than purchase might not even cover their costs.
amazing – truly nothing pleases posters here – last time a house was listed as low as 1.2 on st. james it was bid up a couple hundred grand and sold within weeks of listing (earlier this year.) nothing in the immediate area has sold for nearly as low as 1.2 in years.
and to second post 3.54 – a ‘flip’ is when an investor purchases, does superficial and usually not high quality work, and sells quickly with a large mark up. selling for less than 10% more might not even cover their costs.