While the $10,592 throne is still in place and the listing continues to advertise “seller financing available,” the asking price for the Albion Castle (881 Innes Avenue) has been reduced another $200,000 to $1,599,000 (151 thrones).
Once again, the seller is a mortgage banker who purchased the property at auction for $2,090,000 in 2005, remodeled and renovated (enter said throne), and then returned the castle to the market in late 2009 asking $2,950,000.
I’m still up for buying it at $700k. Seller financing is a nice bonus.
Not quite sure what to do with the nuclear-waste-dump / artesian spring in the basement. Perhaps a secret lab to create a race of mutant amphibians with ninja superpowers?
I look at this place and all I see is a lot of work and a horrible location. It would be a burden in the best of times and a millstone in the current economy. Good luck.
Yes, it is undeniably cool — but the first (and only?) rule of real estate is location, location, location. More than $1,000 per sf for an old, damp building, with small rooms, in this location??
Maybe somewhere around $1 million for just the right (eccentric) buyer.
Nice time stamp change. Now, why in the world would you do that?
C.u.r.b.e.d posts the same property a few minutes before yours shows in my RSS feed, but on your site, the time is before. hmmm
[Editor’s Note: No time stamp change on our part (and no idea what’s happening with your RSS reader). But you’re saying a story showed up on another site without any credit or links after we first published it? It’s funny how that happens.]
I expected it to be bigger. Some castle!
Oops, accidentally posted this in the older thread.
A wooden-framed and wooden-seated throne? Wood absorbs moisture, so what happens if, on a drunken night, you . . . miss the mark . . . slightly or when you’ve just had a tad too much fiber and . . . uh, get a lil’ “backsplash,” shall we say? How the heck does one clean that off a wooden throne after it’s been absorbed? That bathroom is going to be smelling quite . . . um, “peachy” in a matter of a couple weeks. Eeeeeewwwwwww.
The list price for 881 Innes has been reduced again to $1,499,000, a cut of another nine thrones.
That’s almost 1/2 the original expectation. This is one big money sucker.
I’m sticking with my original $1.1M prediction which still results in what must be a record breaking $764 per sq.ft for that neighborhood. But this block is nothing like the rest of the much maligned Hunter’s Point.
So for those keeping track, that’s another 36 thrones to go.
C’mon buyers – the toilet has A BUILT-IN ASHTRAY ! What’s not to like ?