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36 Schermerhorn Street
Brooklyn, NY 11201
Barbara Wilding with Compass, original listing -
$6,995,000
Conventional
Property
Bedroom
5
Bathroom
Full: 3
Property Type
Conventional
Square ft
3400 Square Feet
Property Description
Live the Brownstone Brooklyn dream at 36 Schermerhorn Street. This exquisite, meticulously renovated, light-filled brownstone in the coveted Brooklyn Heights neighborhood is ready to impress. Stylish and move-in ready, this 5+ Bedroom, 3.5 bathroom home was recently gut renovated, under the guidance of renowned architect, Elizabeth Roberts. All details and materials were thoughtfully and tastefully integrated into the gorgeous, high-function redesign. Renowned architect and author, Paula Baker-Laporte, consulted on the project to bring a health-and-wellness-centric approach to the construction, with a strong focus on high quality natural materials. Every detail was considered, including solid wood beams and partitions, wool insulation, green roofing, a whole-house water filtration system, AC systems, natural stone and marble countertops throughout, and no VOC paints were used in the property. The entire home was laid with European walnut and all of the solid wood millwork was custom-built. Open-concept living, dining and entertaining space is maximized throughout the parlor floor and the lower level recreation space with two glass curtain window walls that each open up to the lush landscape designed garden with fruit trees and multi-level terrace and patio spaces. The large, bright open chef s kitchen is outfitted with high-end stainless steel appliances, custom cabinetry, walk-in pantry, and a delightful banquet for in-kitchen dining. A beautiful powder room is conveniently located on this level. The inviting living and dining areas are highlighted by gorgeous craftsmanship and custom wall finishes. These beautiful details carry throughout the home for a warm and welcoming feel. The garden level of the home is accessible internally, as well as from under the front stoop, which has recently been restored. Features include a bedroom and a full bath, a kitchenette, as well as a huge recreation space, which is currently being used as a media room with a nook for a home gym. Ample light streams in from the south-facing full window wall, which opens to the lower patio and tranquil garden. The gracious primary floor has its own private terrace, as well as several custom closets built for maximum storage and a sizable windowed office, which could also easily be converted to additional closet space. The luxurious and serene primary bathroom features radiant heated floors, a separate water closet, and stunning Moroccan tile. The top floor has three more bedrooms, a full bathroom, and a convenient large laundry room with LG washer and dryer. Come see for yourself all this amazing home has to offer; abundant thoughtfully designed space, quality luxury finishes, multi-level private outdoor space, all-new mechanicals, central air conditioning, designer lighting, hardwood floors, sprinkler system, and a full basement for additional storage space. All of this in beautiful tree-lined Brooklyn Heights, one of the most charming neighborhoods in New York City, with parks, shopping, and restaurants right outside your door and just minutes away from the Brooklyn and Manhattan bridges and the 2, 3, 4, 5, R, F, A, and C trains.
Property Information
Lot Size
0 sqft square ft
Property Type
Residential-Single Family Residence
Year Built
--
MLS Number
--
Location
Address
36 Schermerhorn Street
City
Brooklyn
State
NY
Zip Code
11201
County
KINGS (NORTHWEST)
Listing
Provider
Name
Phone
(917) 207-1994
Office Name
Office Phone
Agent Name
Barbara Wilding
Agency Phone
(646) 586-8268

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HUD Foreclosures

HUD foreclosures and VA Foreclosures are some of the best homes to buy when price is part of the equation. As with most Americans, price is always a concern. If not buying the same house for less, why not buy more house for the same dollar invested? When looking for a good deal it is hard to do better than the VA or HUD foreclosures market. The simple truth is that there are just more VA and HUD homes on the market, as they represent such a large number of mortgages that are generated each year. This translates into more foreclosures just by the magnitude of difference between all others comparing to the two largest. The two largest also being government owned and operated means that they have less time to wait to make money back on the home. The FHA is especially known for selling HUD homes for less than the average sales price in a given area. FHA foreclosures represent a fraction of HUD but they are still a significant number of homes and both should be considered. VA (Veterans Administration) and HUD (Housing and Urban Development) have different and unique opportunities for the buyer. Both are often forgiven for the local taxes normally associated with the purchase of a home (this is on a county by county basis). Be sure to ask the local title company or escrow company to look into it for you before closing as this is often missed due to their are not used to dealing with the 2 to 3 percent of the market that VA and HUD foreclosures represent.

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Foreclosure Listings Increasing

As the market settled after the mortgage meltdown foreclosure listings also settled and fewer homes were on the market with a placard reading “Bank Foreclosure” in big red lettering. This was a good thing for the entire real estate market. Having an abundance of foreclosures brings the entire market down and it makes it harder for home owners, who would like to move, to get the appropriate price for their home as a similar home down the same street was sold for substantially less and the appraiser is using the foreclosure as a comparable sale. This is just one of the problems when there are too many foreclosure listings in any area. Another issue is the television set that sits in everyone’s living room harping about the price of homes based on the number of foreclosures and this constant barrage of negative information makes most people sit on the sidelines waiting for the market to either implode completely or to correct itself. Meanwhile while they wait, others are buying foreclosure listings and making great investments. Whatever the reason, a market can only handle so many foreclosure listings at any given time. The more foreclosures, the lower the market gets and this is a lesson the banks that were foreclosing and selling off realized too late. The market and their investments would have been better off if there had not been a rush to divest themselves of the toxic assets made more toxic by their own actions.