Thanks to both of you. Yes it is a single family house, on a 25 x 100 lot. It has a garage and a driveway (no cut out in the front) . The front still has a nice garden. Thanks for your input. Based on what you gave me, I am assuming since it needs a lot of work it would still sell in the mid-500's. Thats all the ammunition I need to talk to them. Been trying to get them to move out by me and at least I can tell them I have two realtors to give them a better idea of the house value (if they agree to at least think about it).

Thanks again !!
Mary

Dear Mary:

Only one home has sold on your parents block over the past year and a half. The address is 2152 66th Street and it sold on 3/24/08 for $690,000 (this property was on a 24' by 100' lot with a building size of 20'by 36'). Your question is hard to answer without knowing the lot and building size, also, is this a one family home and does it have parking?

An average one family home in the area can sell for $580,000 to $600,000 right now as there is strong demand in the area and a very diverse buyer pool. If the house as you said needs work, it could be less. I should know as my office is located nearby and I sell lots of homes in the area.

Please contact me, I know I can give you lots of useful insights. If your parents are thinking of selling, perhaps I can view the house and give you a more exact opinion of value.

Sincerely,
Mitchell S. Feldman
Associate Broker/ Director of Sales
Madison Estates & Properties, Inc.
Office: (718) 645-1665
Email: MitchellSFeldman@aol.com

If you can provide the property address I can do realistic comps on Active Expireds and solds and come up with a number that makes sense to both you and your parents


Steven Seidman
EXIT Realty Top Properties
7610 13th Avenue
Brooklyn NY 11228
718-256-4000 Ext 105