Open House Picks: Six Months Later
Not sure how 401 Park Place went for over ask, but here’s the Acris documentation to prove it. Overall, some respectable results, don’t you think? Open House Picks 3/7/08 [Brownstoner]
Not sure how 401 Park Place went for over ask, but here’s the Acris documentation to prove it. Overall, some respectable results, don’t you think?
Open House Picks 3/7/08 [Brownstoner]
Shillstoner, What two story houses are you talking about? I have no clue. I know of no 2 story house that has been on the market on Rutland. My point about the two story on Midwood is that a house in need of renovation closed for close to a million in LM, in this market. You made the statement that housing prices in LM are dropping because 196 Midwood sold for 90K below ask. I’m showing you another house that sold for ask, and a good price- in the same market, on the same street. If there was a two story house on Lincoln that sold for 1.15 a year ago, super. But that one house (if it really is a two story), doesn’t set the entire market for the area. I personally thought 196 was asking too much for a two story. The price it sold for was solid, not a sign of decline.
buckfast-
“ur” one note is getting stale. This is a conversation about Brooklyn real estate. We all know that the NYC real estate market is different from the market in Philly, PA, NJ, or the North Pole. Yes. We get it. Thank you.
Go find “Phillystoner” or something…or find something constructive, interesting, insightful, or at least cleaver to say.
uve gotta be joking with that windsor terrace house.u can buy the same exact property in the good part of philly.(the northeast) for 70-80k at the most.so once again, WHAT THE HELL R U PEOPLE PAYING FOR?!!!!
dt, No, the house I am talking was a two story. And I’m not sure what the point is about the Midwood house you mentioned. My point is simply that here are two comparable houses in LM that sold roughly a year apart and seeing a decline of 90K in prices. Obviously, two houses doesn’t say much. The fact that the lovely two story on Rutland was taken off the market even after a major price cut failed to get a seller would support the argument of a decline–but we’ll have to see how the other current listings fare.
Miss Muffett in the catbird seat!
Townhouse lady – the capital gains penalty (used to be that you had to buy a new house with a time limit) is now gone. The only capital gains issue is if you make that more than 250K on your property, or 500K if you’re married. So no, we’re not worried about not immediately rolling over the money into another property, though as I’ve said we’re ready with cash in hand to do so when we see the right place at right price….
Actually Shillstoner, the house on Lincoln that sold for 1.15 was a three story house, I believe. And you haven’t yet commented on the other house on Midwood that needs new baths and a kitchen that sold this summer for 975K. No hostility here, just facts.
dt, what is with the hostility? You must be a PLG resident!!
Actually, the record for 2 stories in LM is 1.15M. In Summer 07. This house was totally comparable, and that is why the BHS realtor set this price, no doubt. And that is why the sale price of this house is noteworthy–it is 90K below the sale price of an identical 2 story (no extension) on Lincoln Road (which is of course less desirable than Midwood) a year ago. Indicating a drop in prices. But as I said, it is a small decrease, and as you say 1 Million for a 2 story in LM is a lot.
Prices rise and prices fall. People have to stop taking it all so personally.
Shillstoner, You must know nothing. The PLG house is a two story home that sold for over a million!!! This is at, or above, a record for two story houses in the Manor. What difference does it make that the seller tried to get even more???