House of the Day: 215 Gates Avenue
In response to last Thursday’s post about the under-the-radar house at 182 Washington Avenue, the folks at the site Historic Brooklyn brought today’s HOTD at 215 Gates Avenue to our attention. After changing hands for $900,000 last year, the house came on the market several months ago for $1 million. After failing to get any…
In response to last Thursday’s post about the under-the-radar house at 182 Washington Avenue, the folks at the site Historic Brooklyn brought today’s HOTD at 215 Gates Avenue to our attention. After changing hands for $900,000 last year, the house came on the market several months ago for $1 million. After failing to get any love, the price was cut officially to $750,000, though HB reports that a bid as low as $600,000 could get the deal done. Here’s what HB had to say about it:
The home is normal size 20×40 on a lot 20×70. It’s a four story home, pretty spacious inside, boasting some original details. The pocket doors are in tact but the glass panes need replacing. The parlor doors are there looking magnificent. The mantles need some paint removal but look ok. On the 4th floor, the back room has had the entire fireplace removed. The hole in the wall remains.
Does this tickle anyone’s fancy?
215 Gates Avenue [Historic Brooklyn] GMAP P*Shark
2:27, I guess it is sort of “In other ‘Under the Radar’ news”…
Is that my pack of smokes on the steps?
The reason they could do this is that they may have already made their money on this property. Check the sales history.
There may be some structural issues with the home. Inside the parlor floor the brick wall is being braced. Also the chimney is leaning. There is a bend on the property from the 3rd to 4th floor. Huge sag in the back parlor floor. The beam might need replacing. Check the site for the full details and great pics. http://www.HistoricBrooklyn.com Thanks Brownstoner for the mention.
Why on earth would the seller be willing to unload the place for 300K less than he paid for it one year ago? Did he get sent to prison or something? Huge ouch.
100k per floor? Why? I am guessing you are a contractor, or perhaps you plan on reincarnating the original artisans who built the house?
I think the 350-400k number for renovation is a bit low. I would think 400k at least and that’s only if there are no structural issues. Otherwise it will be more. But with a quality renovation this could be a lovely building.
Perhaps they should get Corco to list it for 1.5 mil and it could be sold in five months – by the same local outfit that has it now – for 600k.
What does the Gates Ave house have to do with the Decatur Ave house on Craigslist?