Monday, October 26, 2009

Listing of the Day: The Chop Man Cometh

3845 Bailey Avenue, 3 Bedroom, 2 Bathroom - $399,000

BoogieDowner profiled this house back in early September. I was circling the listing waiting for the price to be chopped. Finally the chop has come.

Now the listing is for $50K less and they've included a backyard pic. The original assessment of the house still holds, but the price makes a little more sense in light of all the fixing up needed on the interior.


Here you go again:

You have to love the exterior of the house and the fact that it comes with an ever elusive garage. I'd certainly classify this as a fixer-upper. The interior looks nice enough, but it appears a kitchen thief absconded with the cabinetry, counter tops, and any post war appliances. While $449K $399K is not that steep for the hood, you'd have to spend at least an extra $20K-$30K (minimum) to redo the kitchen and bathroom. I might do some wallpaper removal as well - it's pretty scary. If a low ball offer was accepted there's a lot of potential here.

The hood has some good things going for it. You are right near Van Corlandt Park, which in itself is cool for biking, running, using the pretty nice public pool, or just watching cricket and rugby matches. You could also pretend you have a lake front deck at Vanny's golf course's clubhouse. Or just play a round if you're an actual duffer. Proximity to Bronx Ale House would provide you with a pretty solid local.

Transportation in this part of the hood would be either the 1 train at 238th Street (super close) or the 4 train at Jerome Avenue and Mosholu Parkway (a little bit further, but not insane).

FULL LISTING


~ErLu

1 comment:

LondonTim said...

in case you're interested, I've recently removed wallpaper in a similar situation -- the Wallwik method makes it a lot easier than steaming or chemicals. After soaking and applying the sheets for 15 mins or so, you remove them and the wallpaper comes off in whole sheets. -TJ