House of the Day: 78 Douglass Street
After picking up this three-story house at 78 Douglass Street in 2006 for $425,000, the owner renovated it (with so-so results) and then put it on the market in 2007 with Corcoran for $1,500,000. After a couple of months, it was pulled from the market. It re-emerged with Aguayo & Huebener this April and recently…
After picking up this three-story house at 78 Douglass Street in 2006 for $425,000, the owner renovated it (with so-so results) and then put it on the market in 2007 with Corcoran for $1,500,000. After a couple of months, it was pulled from the market. It re-emerged with Aguayo & Huebener this April and recently underwent a price trim that brought the ask down to $1,659,000. Realistic?
78 Douglass Street [Aguayo & Huebener] GMAP P*Shark
Sam, I remember Henry’s End. Whuh, sadly, taste does not correlate strongly with price.
since88 – take heart. We had offers rejected as “too low to consider” only to have owners come back to us later with their tails between their knees. But now that prices are so clearly headed downwards, we’ve gotten much more discriminating about what we’re willing to pay. Be patient – time is on your side.
Just got back from dins at Henry’s End, it is a cute scene.
I just need to say that no, that ceiling is not wood, it is brick. The term “vaulted” refers to an arched brick ceiling. This is ususally a good thing, but in this instance, I don’t think so. It is just very weird.
I don’t like the way this house has been messed with.
Of course a thousand clueless buyers will just LOVE the way it has been messed around with -“SO DIFFERENT”
but buyer best beware.
Well, it could be just me, but I would go for yesterday’s HOTD on Grand in a second (given that there are no disasters lurking in the lack of info) before this one. I know the location is better, but come on…….
We bid on this place soon after it came on the market. The research we did indicates a more muddled ownership scenario and perhaps some pressure to sell. It’s a nice enough house, though incomplete: needs a real kitchen, closets, bathroom upgrades. The school district is a problem. Of course folks want PS 29, 58 or 261, and even PS 38 might be worth considering . PS 32, for which this place is zoned, is disastrous. All that said, we’ve been looking for ages, waiting for things to deflate, and know the neighborhood very well. Our bid of 1.2 (more than we thought it was “worth”) was quickly rejected as “too low to even consider.” We’re not pining after this place, but it’s pleasant to see it languish on the market.
Whuh–gotta agree with you on this.
Joe–tell how you really feel!
Obviously this was not bought in 2006 for the price you mentioned. That was close to the height of the market and you’re telling me they paid a !990’s price for it? Yeah right. I don’t think sites like Property Shark serve as legitimate resources all the time. This is one of those times.
Mopar, I live right around here, though in a far nicer subsection of the neighborhood, and am looking to buy; and I can tell you, yes, the bubble continues only slightly deflated at the high end, but it is about to get mercilessly pricked for houses just such as this one. I mean, forget it –no one can get a loan on this POS, and no one NO ONE with that amount in cash is going to wager it on this crap-pile. But the larger point is a lifestyle one. The days of panic buying are over, and people see a house like this for what it really is. A NOTHING house. And ps –Smith Street is so played. And you’re telling me to get a clue?
You tell me, since you’re clued in –when do you think this sells by, and for what?
Though you all should get a clue, this house will sell for whatever is normal in this area, and the buyers will re-do it themselves. Location determines price, as long as the inside is clean and neat, which this is. Except for maybe the irrevocable brick factor — that could throw a brick into the works.
Also, any of you actually been to this area? Anything off Smith St. is golden, doesn’t matter a bit that there’s a project down the street.