December 18, 2016

1516 Jerrold Ave, Bayview

Dec. 17th, 2016

c. 1976
A Victorian built around 1900, this little green number is 3 bedrooms and 2 baths in 2,296 square feet. Last sold as a fixer for $570K in 2012 (Probate sale). A permit search did not reveal anything.

Bayview market trends indicate an increase of $11,000 (2%) in median home sales over the past year. The average price per square foot for this same period rose to $609, up from $547 thus making this house worth about $1.4 million.

This is my first posting for the Bayview. It is one of the last bastions ripe for change. This a neighborhood in transition careening towards the "g" word. This is by no means a political statement, just a fact as I see it. Good or bad, it's happening.

I love getting in on the ground floor when it comes to observing the rebirth of a neighborhood. Again, I know this is a statement fraught with all kinds of controversy, but for me it's all about the aesthetics of change. Does that make any sense?

A gentrification story often unspools as a morality play, with bohemians playing a central if ambiguous part: their arrival can signal that a neighborhood is undergoing gentrification, but so can their departure, as rising rents increasingly bring economic stratification. Stories of gentrification are by definition stories of change, and yet scholars have had a surprisingly hard time figuring out who gets displaced, and how. (THE NEW YORKER JULY 11 & 18, 2016 ISSUE)

Read the whole article HERE