House of the Day: 168 Midwood Street Revisited
When 168 Midwood Street was first featured as a House of the Day over a year ago, it was a FSBO asking $1,350,000. At the time we wrote, “It’s got a nice feel to it, which is good because the owner is trying to sell it for almost double what she paid in 2004.” The…
When 168 Midwood Street was first featured as a House of the Day over a year ago, it was a FSBO asking $1,350,000. At the time we wrote, “It’s got a nice feel to it, which is good because the owner is trying to sell it for almost double what she paid in 2004.” The consensus among commenters was that it was overpriced (and that she needed to invest in some decent photographs), a view that has proven to be on-the-money as the house has languished on the market. The owner finally gave the listing to Corcoran in March, where it’s been sitting with its still-too-high price tag of $1,250,000 since. What’s it gonna take to move this house?
168 Midwood Street [Corcoran] GMAP P*Shark
House of the Day: 168 Midwood Street [Brownstoner]
Shillstoner, Your comps are out of date. The last house that sold for $920 was unrenovated.
“The two story houses are selling right not at around $975,000.”
Actually, the last few 2 story homes on prime LM blocks have sold for 920K.
What they’ve done with the floorplan in this house (which you can mostly gauge from the photos if you’re familiar with the originals) is a little strange. I live in one of these and while I appreciate some of the restoration they did, I don’t like the changes they made. They might be running up against that. But eventually someone will come along who agrees with the choices, and then the house will go for over $1MM. It’s in fantastic shape and despite what the haters say, this is a great neighborhood that will continue to improve steadily in terms of services.
“He said INTERESTING, not INTERESTED. But perhaps you are that too…”
Yeah, right, I meant I’m interested because it is interesting.
BTW, This house was a wreck when the owners bought it. They put mucho dollars into fixing it up. Brownstoner, your comments about people wanting twice what they paid for houses need to be more informed about these issues. How would you like the same crap to come at you when you try to sell?
This house would sell at 1,150,000. The owners have simply remained firm because they don’t especially need to move. There has been alot of movement of houses in Lefferts Manor in the past few months. This house will sell over 1 mil. The two story houses are selling right not at around $975,000.
Really? I come here every day many times. I’m interested.
Posted by: Nomi at September 2, 2009 2:46 PM
He said INTERESTING, not INTERESTED. But perhaps you are that too…
sorry folks, unless its a near mansion, PLG ain’t goin for over a mil any time soon again.
Great housing stock but no schools, little amenities on a dismal main commerce block, and a huge disconnect between haves and have nots (though a very nice family-oriented nabe)
People buying Million Dollar Homes aren’t looking to do their shopping, dining, or much else on most of Flatbush there.
Reeks of risk.
I can’t conceptualize it without a floor plan, tho rooms look very nice.