The house at 148 West 120th Street, which was first listed back in April, just sold according to public records. At 17 foot wide, the 2-family, 4 bedroom, 3.5 bath, 3,380 square foot property was in move-in condition and still has 10 years left on a government tax abatement. Some folks thought the original asking price at $1.795 million was a bit steep for a moderate renovation of a townhouse just a hair outside of the Mount Morris Park Historic District (west of Lenox). A lot of debate went on the previous post but many of the commenters hit the nail on the head for the range of the final price which landed at the $1.525 million mark:
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Sounds like a wonderful building. How much do you think the renovations cost from when they bought it in 2006?
ReplyDeleteBeautiful street and it looks like a well-laid out home for a family to enjoy. It is a classic case study on the fact that original details - while not everybody's taste - do command a premium. Plenty of other houses of the same size that needed more work but have intact details have sold for $200-$300k more in recent months.
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