Open House Picks: Six Months Later
Comment: Seriously reduced selling prices on Berkeley and Warren! Open House Picks 9/12/08 [Brownstoner] Previous Six Months Later Posts [Brownstoner]
Comment: Seriously reduced selling prices on Berkeley and Warren!
Open House Picks 9/12/08 [Brownstoner]
Previous Six Months Later Posts [Brownstoner]
just posted, but it must’ve gone into cyberspace.
anyway,
I went to see the Berkeley house & thought it was quite lovely with great original detail (especially the sinks in the bathrooms- you never find ones like that). And a great location. When we were there the broker told us there was a cash offer on the table. Congrats to the new owners. It’s quite an elegant home.
At least 11217 is showing some signs of moving past his “life experiences” as his reason for BK being immune…
Manhattan “high end” getting smacked down the hardest vs “mid to lower end”. “Prime” BK will follow. That whole $$$ demographic is gone forever. Reality bites!
Wheres dibs when you need him? “Bed Stuy will not fall 50%” hahaha. Bed Stuy -70% buddy
FatLenny:
I’ve heard really terrific things about PS. 282….not true…?
Honestly curious as I’ve had a few friends with kids interested in looking up around here, but I’m not super familiar with all the schools…
I went to look at the Berkeley House and while it does need a bit of sprucing up, I would hardly say it needs extensive work. The original detail in that house has got to be one of the most beautiful I have seen. Yes the kitchens are old. But not everyone feels the need to completely redo and home depoize their kitchen. Yes the house is somewhat narrow. Not everyone likes modern, ever think of that? Frankly, if I had the money, I would not buy a house with extensive upgrade, if I knew what it looked like before and liked it.
Looking at the pictures, the problem is clearly the layout. Say you’re planning on living in the bottom duplex so you can enjoy the garden. Not only does the kitchen need a complete overhaul, but there are no real bedrooms anywhere. The description cleverly refers to the house as having 10 rooms. Indeed, 10 rooms and no bedrooms. It has similar layout problems to mine before our renovations. We had to add a kitchen extension on the parlor floor and completely renovate the bottom floor to accommodate 3 bedrooms.
It seems like a fair price to me. Great location, though, even though your kids will be stuck still in District 13.
Excuse me for asking actually, and Miss Muffet may know but I’m sure MANY of you may have good ideas about this:
The $1.5 million paid for the narrow house in Park Slope that needed complete updating…which I’m sure will happen almost immediately…does this mean the total cost will end up being nearer to $2 million once all the renovation costs, etc. are added on?
Otherwise put, if the buyer(s) who just signed on this house were to do a renovation and sell it right afterward, what would the asking price need to be to cover the original $1.5 plus the renovation, plus all the extra costs?
I’m partly asking out of self-interest since a house very near and similar to ours sold for about $2 million not long ago AND had a good bit of renovations done.
If our fairly comparable house (although needs a lot more updating) were to be listed soon, and to make sure it sold relatively quickly, if a buyer needs to put in the time and $250-300K, what should our asking price be…”in this market”?
Have things changes so radically or are they soooo skittish no one can say?
Talking informally with an acquaintance who works in real estate (who doesn’t have a couple of these?), I told her I would frankly put a $1.125 final price on our house but she basically said, although more nicely (but her eyes bugged out!) that I was “nuts!”
Guidance please from the (relatively) anonymous blogosphere (is that how it’s spelled?)!
Thanks!
After looking at the pics on the Townsley and Gay website of the Berkeley Place house, I can see why it sold for 1.5 million.
While it has amazing detail, it looks as though it hadn’t been touched in decades. Which is a good thing when it comes to the details, but not great when it comes to modernization.
Both kitchens look like they need to be gutted. The whole place needs an update (which isn’t necessarily expensive) but if the bathrooms are in the same condition as that kitchen, they definitely need to sink some money into the place to modernize it.
Gorgeous details though, although I hate those really shiny wood floors. Easy fix, though.
I did see lights on in there the other day, so I guess the new owners have already moved in.