Six Months Later: Open House Picks 6/22/07
Comment: Pretty solid showing although it’s surprising that Marlborough Road hasn’t had a price reduction yet. Open House Picks 6/22/07 [Brownstoner]
Comment: Pretty solid showing although it’s surprising that Marlborough Road hasn’t had a price reduction yet.
Open House Picks 6/22/07 [Brownstoner]
whiners.
PLG house that sold for more than a park slope house and did not require a reduction in price or a buyer who paid less than asking.
Eat it, park slope.
If these properties closed in early November, then they were very likely in contract before the credit crunch hit in late August. So, when we see things that were on the market in October, and close in January, then we will have a better idea of the effect of the summer’s credit crunch, and the trend in prices.
Gutting an older, woodframe house and putting in an open, airy modern interior would be really cool, 1:09 and some people would gladly do that. It’s a good solution for the tiny rooms of these particular layouts. Problem is the prices in Ditmas have inflated beyond it making sense to do such an expensive, huge renovation like that. It could be as much as a million dollars to do that and this house is not worth over $2 million.
1:05….my point was that the comment i found indicates how little posters on here know what the heck they are talking about.
it was not 150K overpriced as he/she said. it sold for asking. DURING the credit crisis, no less.
so every time you see a comment on here, you need to take it with a grain of salt.
that was my point.
12/20 1:05 – what about “house that size” in my comment was unclear? this house is not 4 stories – different league from midwood and rutland road beauts.
1:01 says “We should be looking at things that first came to market after the credit crunch, not this BS”
The first signs of the credit crunch were around March when those Bear Stearns’ Hedge Funds blew up. Check out the Dow Jones Financial Index, it drops sharply in March. By June, when these HOTD’s were available, everyone knew about the problematic subrprime loans and the credit problems. 2 then went into contract and the borrowers got the loans. In short, you’re speaking through your arse 1:01, speaking through your arse, Asshat.
Marlborough Road, despite it’s PPS location, has lost much of its period detail, both inside and out. Needs updating and new mechanicals.
That said, the backyard is great and it is PPS. Someone who wants to gut the interior and do a very spacious, open plan, modern style home, would be happy here, although that’s not why most people come to Ditmas.
Well, the “credit crunch” was fully underway already in late Summer and Fall 2007, 1:01, so the Lincoln Rd house does fit your request.
That’s a great price for the Lincoln Rd house in Lefferts Manor. The buyer should be happy. It’s a lovely house for that money, and in better shape than the one on Maple that Century 21 is trying to get $1.3 for, which needs new kitchen and bathrooms and new paint job throughout if not more. So the Lincoln Rd price is a good sale for the seller, and yet still is a good investment for the buyer. It’s “win win”. Some of the 2-story houses in LM that have been fully renovated with high-end fixtures could certainly command $1.3, but those houses aren’t and won’t likely be for sale anytime soon, as they are owned by newer younger homeowners. Nobody is selling but the older, longtime homeowners who are getting ready to retire and their houses need work. So the comps based on those sales are lower.
1:01. I completely disagree. It’s the effect the credit crisis and national real estate market had on the houses on the market during this time that is the most interesting.