It sent relative shockwaves through the market last year when a Crown Heights renovation 1234 Dean Street hit the market for $2.195M. Weren't these the same houses that couldn't get $1.5M or even $1M not long ago? That house later closed for $1.85M, and had offers even higher if it were a 2-Family. The owners of this stone castle at 1193 Bergen Street around the corner were watching attentively. They also saw 1294 Dean Street list for $2M and sell for $1.8M this year too. Now, at the end of "the fall buying season", 1193 Bergen has been on the market for $2.3M. With an open house tomorrow, it's easy to go see Crown Heights historic living in all its glory...
With the cool barrel-front on the facade, all kinds of detail inside, and some modern upgrades to kitchen and bath, this house has a right to command premier pricing for Crown Heights...
Much like 160 Bainbridge, this house is great and special, but not triple mint. Will that stop it from surpassing $2M in this market? It didn't stop 160 Bainbridge. Is this house really worth a million more than 1134 Bergen Street after just one year? Only time - and the market - will tell. But if one of the next-best houses to yours just sold for $2.2M, you might be asking $2.3M too. So were see where they're coming from on 1193 Bergen.
Even if this house sells for 20% off asking price, then we're right back to the ~$1.85M range, the asking price that was so shocking on 22 Arlington Place and 196 Hancock Street earlier this year, both of which closed over $2M. The secret is way out on this corridor of Crown Heights. "Nostrand is too far" doesn't roll off the tongue like it used to. And a listing like this is a cool house at a price that's another sign of the times.
Pro's: unique castle-like curb appeal, full of original details, some modern upgrades, 3-Family with great rental income potential
Con's: asking a lot, December is a tough time to get top dollar, interior's not everyone's taste, just over 17' wide, gnarly backyard
Ideally: A- house asking an A+ price with little competition in its caliber. It's crazy that after just a year, we can't even afford our own neighborhood. Very interested to see what number makes it happen for this house.
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