$1.2 MILLION in Bowie!? “SOLEIL AT BOWIE”

[Anonymous]

Anonymous wrote:The mental gymnastics people on this forum execute is impressive. Spending a million dollars on a house in PG with “bad schools” is undesirable. But spending a million dollars in DC also with bad schools is not even something worth discussing.

Dead on

[Anonymous]

Anonymous wrote:

Anonymous wrote:

Anonymous wrote:Going back to soleil at Bowie. Is there anyone on this forum that has bought a lot yet. I would like to hear from anyone about the process and why it has been over a year and no home has been constructed yet. I tried to ask the sales pple and they told me I have to be a buyer first to get this information. The CEO of the company has an Instagram page and is claiming that construction is under way. I drove to the proposed site of soleil at Bowie and there is no indication of construction. The ground was not even cleared of any trees. The investment group is called Bando investments and they have another project in Baltimore called Le Ciel in pikesville. Company CEO posted on his Instagram page that construction started in 2021. I was there yesterday and the same construction picture of a half built house on his instagram page from 2021 was the same half built house I saw yesterday. It just raises a lot of questions that if an investment group whose CEO claims over $88 million in revenue does not even have 1 model house to show!!!!!!!!!! That is kind of shady. Bando investment group currently has 4 construction sites with one sold out in Annapolis but somehow, no single home has been built to completion……and this is an investment group worth over 88 million? So many questions and when I spoke with the sales people, I got no assuring answers.
Again if there is anyone who has bought a lot from this group, I would like to hear about how the process went and what excuse they have for taking over a year to start construction, and I do not buy the excuse of city permits taking long.

Boy, that sounds like a scam in the works. I would never sign up for that. Even they actually built your house and the rest of the neighborhood, you'd be living in a construction zone for years. I suspect that this developer is going through rough times with this increase in interest rates. I looked up the people in charge of Bando, and I cannot imagine putting any money at risk with them.

“I looked up the people in charge of Bando, and I cannot imagine putting any money at risk with them” … What’s that supposed to mean?

If you put a deposit down, I doubt you’re getting a house or your money back. Seems very shady.

[Anonymous]

Anonymous wrote:

Anonymous wrote:What are the property taxes like in Bowie? I hear they’re disgustingly expensive.

That seems to be the rap on PG. Really high taxes for bad schools. So that if you have kids you're better off taking your chances in MoCo.

That could be a completely outdated view, however, and I'm happy to be proven wrong.

As a percentage of the home value PG taxes are high but the assessed values are lower than the same house in other counties so the out of pocket cost is probably the same as MoCo.

A Quick Look at Redfin shows a 4 bedroom/3 bath house, 2 car garage, pool on a big lot with property taxes of $5,682. Priced at $660,000 Great Schools scores for the in bounds schools are 7/7/6.

https://www.redfin.com/MD/Bowie/12503-Stem-Ln-20715/home/10646421

[Anonymous]

Anonymous wrote:I’d stay far away from Bowie, folks. Studies have now found high rates of gout for people who live here. Also, I have good information that much of it is haunted. Very risky to move there.

My type of place!

[Anonymous]

PG taxes are high but with the Homestead tax credit you lock in your yearly increases at no more than 10% yoy. The rate of appreciation in the county is far above other counties in md, so it’s a good value under $900k or so

[Anonymous]

Anonymous wrote:

Anonymous wrote:

Anonymous wrote:

Anonymous wrote:Going back to soleil at Bowie. Is there anyone on this forum that has bought a lot yet. I would like to hear from anyone about the process and why it has been over a year and no home has been constructed yet. I tried to ask the sales pple and they told me I have to be a buyer first to get this information. The CEO of the company has an Instagram page and is claiming that construction is under way. I drove to the proposed site of soleil at Bowie and there is no indication of construction. The ground was not even cleared of any trees. The investment group is called Bando investments and they have another project in Baltimore called Le Ciel in pikesville. Company CEO posted on his Instagram page that construction started in 2021. I was there yesterday and the same construction picture of a half built house on his instagram page from 2021 was the same half built house I saw yesterday. It just raises a lot of questions that if an investment group whose CEO claims over $88 million in revenue does not even have 1 model house to show!!!!!!!!!! That is kind of shady. Bando investment group currently has 4 construction sites with one sold out in Annapolis but somehow, no single home has been built to completion……and this is an investment group worth over 88 million? So many questions and when I spoke with the sales people, I got no assuring answers.
Again if there is anyone who has bought a lot from this group, I would like to hear about how the process went and what excuse they have for taking over a year to start construction, and I do not buy the excuse of city permits taking long.

Boy, that sounds like a scam in the works. I would never sign up for that. Even they actually built your house and the rest of the neighborhood, you'd be living in a construction zone for years. I suspect that this developer is going through rough times with this increase in interest rates. I looked up the people in charge of Bando, and I cannot imagine putting any money at risk with them.

“I looked up the people in charge of Bando, and I cannot imagine putting any money at risk with them” … What’s that supposed to mean?

If you put a deposit down, I doubt you’re getting a house or your money back. Seems very shady.

Not true.

[Anonymous]

The bando investment group has my money for one of their "developments" and there's no sign of construction. sigh.

[Anonymous]

The Henri model is particularly ugly. Why are these horribly plain and generic styles popular??

[Anonymous]

Anonymous wrote:The bando investment group has my money for one of their "developments" and there's no sign of construction. sigh.

Supposed to be built where? I'm sorry, that sucks.

[Anonymous]

I live in the neighborhood that these homes are meant to be built. The lots have gone through a few different developers over the last 12 years and none have actually built on the property. The current investment group has been "building" (clearing) the site since 2021. They currently aren't paying their contractors, so work has been stopped for some time. The group filed filed for Chapter 11 earlier this month.

[Anonymous]

Anonymous wrote:I live in the neighborhood that these homes are meant to be built. The lots have gone through a few different developers over the last 12 years and none have actually built on the property. The current investment group has been "building" (clearing) the site since 2021. They currently aren't paying their contractors, so work has been stopped for some time. The group filed filed for Chapter 11 earlier this month.

Where are the people who were saying that it totally makes financial sense to buy here?

[Anonymous]

Anonymous wrote:I have been getting tons of advertisements for Soleil at Bowie. This is a new development with homes between $900K-$1.2M. Homes include elevators and in-ground swimming pools. Homes go up to 7,000+ Sq. Ft. with 6 BD 5.5 BA.

Beautiful houses, but who is the buyer for this? The assigned schools are poorly ranked and the location is surrounded by generic subdivisions with minimal high quality retail.

Thoughts?

https://www.soleilatbowie.com" target="_new" rel="nofollow"> https://www.soleilatbowie.com

How much time have you spent in Bowie? I suspect the answer is "not much" or "zero."

[Anonymous]

Anonymous wrote:Die, modern farmhouse, DIE.

Agree. They look dumb in a city.

[Anonymous]

Anonymous wrote:I live in the neighborhood that these homes are meant to be built. The lots have gone through a few different developers over the last 12 years and none have actually built on the property. The current investment group has been "building" (clearing) the site since 2021. They currently aren't paying their contractors, so work has been stopped for some time. The group filed filed for Chapter 11 earlier this month.

Yikes! I wonder how far they had gotten in getting in any buyers as it seems their deposits are now out the door.

Also, for the person who didn't like Henri, the Louis is worse. Nothing like a curb view of nothing but a garage. If they're on 1/2acre+ lots, there's no reason to build with a garage up front and center.

[Anonymous]

Bowie is a dump.