Open House Picks
Brooklyn Heights 161 Hicks Street Brown Harris Stevens Sunday 2-3:30 $2,950,000 GMAP P*Shark Windsor Terrace 536 17th Street Halstead Sunday 1-3 $1,495,000 GMAP P*Shark Williamsburg 130 South 1st Street Aguayo & Huebener Sunday 2:30-4:30 $1,285,000 GMAP P*Shark Prospect Lefferts Gardens 168 Midwood Street Corcoran Sunday 12-2 $1,250,000 GMAP P*Shark
Brooklyn Heights
161 Hicks Street
Brown Harris Stevens
Sunday 2-3:30
$2,950,000
GMAP P*Shark
Windsor Terrace
536 17th Street
Halstead
Sunday 1-3
$1,495,000
GMAP P*Shark
Williamsburg
130 South 1st Street
Aguayo & Huebener
Sunday 2:30-4:30
$1,285,000
GMAP P*Shark
Prospect Lefferts Gardens
168 Midwood Street
Corcoran
Sunday 12-2
$1,250,000
GMAP P*Shark
I’ve heard from many brokers that they read this blog, but I begin to suspect some of them are participating in the conversation. The thread on the PLG house here and the one mkop posted from when the place was listed as HOD suggest there’s something fishy. The house is fine, but not great and the price is far too high. This seller should expect to recoup her reno investment and another 100,000 seems fair, giving the state of the economy. That would mean pricing the house around 950,000 max.
I know every house in Williamsburg is now worth a million-plus dollars, but this seems to be a particularly small and humble example. Which isn’t to say I don’t like it — I do — just… (muffled sound of my head hitting desk).
The Midwood house was on the market in the spring for only a couple of weeks before the sellers pulled it. I don’t think they were quite ready to move back then.
The 168 Midwood house in PLG was on the market by owner in spring of 2008 for only 100K more and she was unable to sell. This was discussed at length on this blog, it is a shame brownstoner didn’t note this:
http://bstoner.wpengine.com/brownstoner/archives/2008/05/house_of_the_da_499.php
Does Corcoran still practice redlining?
or did that $500,000 fine from the DOS fix that?
Thanks Pete, you’re correct. (My sentence was phrased poorly.)
I do think it’s a very nice house, my backyard comments notwithstanding. But it’s less expensive than other “nice houses” in BH because it’s smaller. This is a 2600 sf house and the ones you saw going for $3.5M-$4.5M and up in the last couple of years were 25-foot wide, 4000 sf and up houses. This is still priced over $1000 psf, ever after the price drop.
The price is now realistic for what houses were selling for 6 months ago, but unfortunately now buyers are showing up demanding 10% off the listing price right off the bat. Which is probably what any appraiser is going to do in this market looking at 6-month old comps. Anyone looking to buy this at the current list price, even if they finance 80% (not a given today), is still going to need minimum $800K-$900K in cash downpayment.
mopar.
No offense intended
dt,
I didn’t know that–in barely know the owners and have never been inside.
Bob, The current owners of this house have moved the kitchen up to the back parlor. That is why I say the floor plan is wrong.
Bob, there’s another post today about words Corcoran is not allowed to use in ads. I was just kidding.