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Did anyone visit any of the Open House Picks this weekend? Any other highlights or low points from the open house circuit?
Open House Picks 6/13/08 [Brownstoner]


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  1. Thanks all. Especially 1:04.

    Seems like a ‘great potential’ house with an enormous garden, but 1.6 in PH for estate condition? With TWELVE offers?? I’m a little shocked. You all may have escaped a money pit hell. Sometimes these things, when played really well by the broker, can turn into a lemming frenzy. (“that many people can’t be wrong!” thought bubbles)

    I would guess that YEARS of neglect befell that house. Probably needed all new electrical and plumbing. The floors couldn’t have been great given how the house was described by the broker, no less. Throw in the need to renovate bathrooms and kitchen, I think you’re looking at minimum 400K, though probably can’t be done well for that… plus rent to live elsewhere while all the work is going on. Unless you plan to live in a construction mess with all that that entails, for close to a year. Or more. Good luck on keeping the ol’ marriage intact! 😉

    So you’re in for well over 2 mill. On an 18 to 19 footer in Prospect Heights, near the block where drive by shootings have been reported several times within the last year.

    Feel better?

  2. “I offered $1.5 and there were numerous offers in over mine, oh well.”

    1:25 when you do find the next place, offer a little bit over. For all you know the “numerous” offers over yours may have ranged up to 1.5 mill and 50 cents.

  3. Guess What, 491 3rd Street just got $100,000 shaved off the ask. IM Pei designed, 22 feet wide, best street in Brooklyn….blah blah blah. Is it the Credit Crunch or is the layout just too weird?

  4. I went to the OH. It meant, in this case:

    – wood/coal burning stoves in the garden/4th floors
    – major water damage in the ceiling that had led to peeled ceilings showing the joists, damage to the stairs, and black mold all over the 4th floor ceiling.
    – toilet/sink closets rather than combined “bathrooms”
    – major structural electric issues.
    – clearly no work done for a long, long time, and the folks that were on the 4th floor at the same time i was were seriously creeped out — just bad mojo.

    The invite to LBJ’s inauguration sitting on a mantelpiece seemed appropriate.

  5. I also went to 1220 8th, and I wouldn’t call it a dollhouse by any means, nor would I say it’s 300k overpriced. I’ve looked at a lot of houses, and it’s rare to see one in such good shape, charm or no. Plus with the 8th Ave location, it would never be listed at 1.695. I’d say maybe 1.8 is closer to reality for that one.

  6. “Corcoran doesn’t mark a property “Under Contract” on its website until the buyer signs.”

    If the buyer has not signed the contract, it’s not “under contract” and it would be inaccurate to say it was. Try telling a judge you had a contract but it just never signed.

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