House of the Day: 208 Midwood Street
Someone’s obviously put a great deal of care into the renovation of 208 Midwood Street, one of a row of 18 townhouses designed by the architect Benjamin Dreisler in 1910. Like many houses in Lefferts Manor, this one is chock-full of original architectural detail, including some lovely woodwork. The new kitchen, while perhaps a tad…
Someone’s obviously put a great deal of care into the renovation of 208 Midwood Street, one of a row of 18 townhouses designed by the architect Benjamin Dreisler in 1910. Like many houses in Lefferts Manor, this one is chock-full of original architectural detail, including some lovely woodwork. The new kitchen, while perhaps a tad severe for its setting, looks nicely done as well. The big question is whether a three-story house in the area, regardless of how nice it is, can fetch $1,150,000 in this market. If any can, this is probably the one.
208 Midwood Street [Brown Harris Stevens] GMAP P*Shark
Point appreciated Ozymandius we agree 100% with that assessment.
This is a nice house and the kitchen is actually very nice in our opinion. The blond wood can be stained for relatively cheap and those 4 blocks are NOTHING for the average New Yorker. Only problem we see here is the sloppy economy and hence the price…
dt:
I never get bonuses either and I also own a home. I don’t understand Ozy’s theory that only people with bonuses buy houses. That said, I still think there’s folks out there with a lot of cash and given the upheaval of the DOW over the last week or so, people might be looking for more investment options such as owning a co-op or and/or townhouse.
This house which I adore is one of the most interesting featured on Brownstoner lately. Thanks Mr. B.
I never get bonuses, but somehow I managed to buy a house. If I remember correctly, this house has a lovely finished english basement. I think it was on the house tour. The woodwork is oak in these houses. I think it doesn’t transtate well in the photos. A similar house on the same block sold a couple of months ago for 1,060.000, I think. That house had painted woodwork and a nice kitchen, but not as sleek as this one. The houses of this size in LM only go for under 1mil if they need some renovation, bonuses or not.
Sit tight unless you’re forced to buy. Lenders are asking for 20 -25% down today and that isn’t going to change for the next few years. Plus closing costs and cash on hand for after the sale.
The pool of people that are sitting on 300K is going down every day and so will the prices. Bonus money isn’t going to be counted as income so people will have to qualify on base pay.
Hang on for the ride, boys and girls. It ain’t gonna be fun unless you have cash. In which case, there are going to be a lot of attractive transactions.
Good luck! Hope everyone makes it through ok.
This seems like a fabulous house and the renovaton and overall layout looks great. According to property shark, it’s 2 stories so there must be a nicely finished basement if they’re calling it 3.
mkop:
If you can get this house on this block…even in this market for under a $1M, well, go figure…
No, not outrageous but in this market this might be a factor in a price reduction. two long blocks and two short blocks would take close to ten minutes to walk.
Four blocks (two long, two short) from the Q train–not all THAT much of a hike wasder.
I just noticed that this is a bit of a hike from the subway as well which could depress value a little.
Looks like a nice house, but due to the market and the fact that it is one of the smaller houses in PLG, I think the price is a bit high. I think it will go for 990K or so (to avoid mansion tax).
The kitchen looks nice in the pictures, but is actually cheap ikea cabinets with wood veneer that is as thin as wallpaper. I also agree with wasder that the woodwork color throughout the house is not for everyone. Personally, I would have someone refinish all of the wood if I was to live in that house.