We posted this townhouse listing on Plymouth Street in Vinegar Hill back in July. It still on the market, but the list price has been reduced from $1,495,000 to $995,000, a half million dollar reduction. Sounds like there were no takers at the original listing price.
A reader went to check out the property and had this to say:
“just a wee bit of a price cut – half a mill worth down to $995k. i checked the place out today and it is a definite knockdown. and the location is absolutely dreadful. don’t get me wrong – i love, i mean love, vinegar hill, but this location is horrible – directly across the street from the water treatment plant, which stinks, the conEd plant is just down the block, and the PJs are around the corner.”
I agree, the location is not great, but quiet. What do you think? Is there potential for an investor who is willing to take a risk to tear down and build a home there (R6-B Zoning)?