Open House Picks
Park Slope 92 Prospect Place Rita Knox Sunday 12:30-2 $1,950,000 GMAP P*Shark Prospect Lefferts Gardens 251 Lincoln Road Corcoran Sunday 12-2 $1,149,000 GMAP P*Shark Bedford Stuyvesant 156 Quincy Street Ryan Sunday 12-3 $955,000 GMAP P*Shark Park Slope 239 8th Street Orrichio Anderson Sat & Sun 12-2:30 $899,000 GMAP P*Shark
Park Slope
92 Prospect Place
Rita Knox
Sunday 12:30-2
$1,950,000
GMAP P*Shark
Prospect Lefferts Gardens
251 Lincoln Road
Corcoran
Sunday 12-2
$1,149,000
GMAP P*Shark
Bedford Stuyvesant
156 Quincy Street
Ryan
Sunday 12-3
$955,000
GMAP P*Shark
Park Slope
239 8th Street
Orrichio Anderson
Sat & Sun 12-2:30
$899,000
GMAP P*Shark
I’m 2:29. I live in the area and care about it. My “agenda” is fair and resonable pricing so that the area doesn’t become devalaued in the long run. Over pricing, such as this lincoln road house, causes houses to sit on the market and in the end sell for too little. Price increases need to be organic, not forced. More important, I believe in fairness and hate it when people try to scam others.
As for price per square foot, the quality of the square footage matters a great deal! A renovated house sells for a lot more per square foot than an unrenovated one. $340 seems quite reasonable for this house given it’s condition. After the purchaser pumps 150K into it, he can turn around and sell it for $400/sq. foot.
As for Zillow, it’s prices are way under for all of Brooklyn (and the burbs too).
Price of PLG houses are way above the value range in Zillow.com. 178 maple, 209 Maple and 165 Maple are all purchased 500-600K in 2005. Is it something we should concern or not at all? Should we just agree with what sellers are asking?
Lincoln Road is priced at around $400/sq.ft. Isn’t that a totally reasonable price for Lefferts Manor? $950K would be about $340/sq.ft. which seems quite low.
Here’s my point – the house on Lincoln Road is accurately priced. $950K is rediculously low for a brownstone with 3000 sq. ft. You stated the house was “way overpriced” and that its value is the same as properties on Maple Street which are less than 2/3rds its size. They are just around the corner! Plus Lincoln Road is the quickest route to the train AND you don’t have to endure Flatbush Avenue on a daily basis AT ALL if you don’t want to. That makes it better than Maple, Midwood and Rutland.
If you’re as invested in the neighborhood as you appear (based on your apparent extensive knowledge of recent sales), then why are you trying to devalue its properties? What’s your agenda?
Anon 5:46: Sorry, but you’re wrong.
1. The Midwood street houses that are currently on the market need some work, but those that sold for around 1.3M did not need any at all. And the ones on the market are in far better shape than the one on Lincoln.
2. All of the Midwood street houses have kitchen extensions. The one currently asking 1.25M has a two-story extension. That makes then larger than the Lincoln road houses.
3. More important, all of the Midwood houses have living, dinning, kitchen on the main floor and 2 floors of bedrooms, whereas the Lincoln house has just one floor of bedrooms. Everyone would prefer to have more, larger bedrooms–and most would prefer to have the kitchen on the main floor. The extra, larger bedrooms alone is worth a lot of $$.
4. Houses on Maple II and Midwood I have always sold for more per square foot than the rest of LM/PLG. Those are by far the most prefered blocks.
5. 3 floors and an englsh basement is better than 3 floors and a sub basement, so I’m not sure I get the point you’re trying to make.
Wrong – the midwood properties are only 18 ft wide and need some work too. And since when is midwood st better than Lincoln Road? Most Lincoln Road houses have 3 floors plus a sub-basement. Midwood has 3 floors plus an english basement. Maple street is gorgeous. But its houses are NOT worth more per sq ft than the rest of PLG.
fd is totally right that the PLG house is extremely overpriced. The 2 stories selling in mid 900’s on Maple were all recently renovated. And the second block of Maple is worth a lot more than Lincoln. This house shuldn’t be anymore expensive than those. As for the Midwood houses, the 2 or 3 that sold for 1.3M were in mint condition with high-end renovations and they all had extensions (most had 2 story extensions). And again Midwood is a far more desireable street. This house is not at all comparable to those. Currently there are two 3 story limestones on the market on Midwood, one for 1.175M and one for 1.25M, both of which are much nicer than this, and both have which been sitting on the market for months. Compared to those, this Lincoln road house should be priced at 950K to 975K. The problem with this listing isn’t just presentation.
Yes, I know about the houses on Maple and Midwood. But my point was that they were in much better condition than this one on Lincoln, which is why I think they sold at those prices. It’s not just presentation, I’m looking at what’s underneath the clutter.
I didn’t see the one on Lincoln that sold for $1.5 last year.
I’m pretty sure it is a stuffed ostrich, not a live one.
really? we all thought it was a live ostrich living in the dining room.