This exceptionally charming 5 bedroom, 2.5 bath home is located on a quiet, tree-lined block in the heart of the South Slope. The house was built in 1871 by a newly arrived Welsh immigrant, Edwin Squance, who built several houses on the block, and others in the neighborhood. Although currently configured as a generous single family, it is a legal two-family and can be reconfigured to have a rental unit if you so choose.Comprised of three stories plus a wonderful attic, this house is deceptively large and has plenty of original detail, including four marble fireplace mantels, extensive tin ceilings, and parquet floors. The ground floor has a living room and a huge and inviting eat-in kitchen facing out onto the back garden. There is also a pantry/ laundry room, a mud room, and a half bath. The parlor floor has a full bathroom and two large, sun-filled rooms, currently used as a second living room and a study, but which could be used as a master bedroom with an en-suite bath, and another bedroom. The third floor has two bright bedrooms, an office/nursery and another full bath. The fourth floor attic space is simply gorgeous and utterly charming. Use it as a spacious bedroom, studio or playroom.The lush garden is home to many flowering and edible plants: Lilac bushes, flowering shrubs, and plenty of herbs abound. Eat the raspberries just as you pick them or save them for a summer tart. In need of a tranquil refuge from the bustle of the city? The rustic cabana at the back of the yard is the perfect little getaway space; its almost like being in the country.317 is close to the F, G and R trains, and is zoned for landmarked PS 39. It is wonderfully situated, with access to all of the South Slopes restaurants, boutiques, and amenities on 7th and 5th avenues. It's a stone's throw from Gowanus, and a short walk to Prospect Park.
With the recent unprecedented rate cut by the Federal Reserve, banks have been inundated with people looking to take advantage of lower interest rates. Because of the overwhelming demand, we have not yet seen a huge reduction in mortgage rates. While we aren’t there yet, it is likely that we will see a dramatic shift in the upcoming months, which raises the question, “What does a 1 point difference in interest rate do for my bottom line?”Read more