What’s going on with Ashton Heights

[Anonymous]

There’s ~8 new builds sitting, most above or close to $3M.

Has Ashton Heights hit its ceiling for what people will pay for a new build?

[Anonymous]

The market is definitely saying $3M is too high for Ashton Heights. These developers overestimated what they can get for these houses. Just on one street there are 3 new builds at that point ($2.7M-$3.4) that aren't selling, and one more still under construction.

At some point the builders are going to have to cut the prices substantially and take the loss.

[Anonymous]

I like in Ashton Heights near several new builds. I think those homes are too big either yards that are too small. Agree the developers will have to cut the price. I love living here though!!!

[Anonymous]

Anonymous wrote:I like in Ashton Heights near several new builds. I think those homes are too big either yards that are too small. Agree the developers will have to cut the price. I love living here though!!!

Hey neighbor! I love our neighborhood too. There was a $3M sale on 3rd St backing to the cemetery in 2024 but I toured the house and it probably cost them $4M to build. It was built to be owner occupied but they left during the pandemic.

But yeah, my guess is $3M is too steep for the small lots in Ashton Heights. So folks spending that money go further north for more space.

[Anonymous]

No one spends $4 million to build in Ashton Heights.

[Anonymous]

Yeah, I don’t know what it cost. Only it felt appreciably nicer than any spec build new house we’ve toured. It was a big one too (6,000sf+). 3412 3rd St if you’re curious.

[Anonymous]

Anonymous wrote:Yeah, I don’t know what it cost. Only it felt appreciably nicer than any spec build new house we’ve toured. It was a big one too (6,000sf+). 3412 3rd St if you’re curious. [/quote

Oh I love that house. Great curb appeal. Wish nova builders would build more houses like that instead of McFarmhouse or McTransitional. Do you know who the builder was?

[Anonymous]

Anonymous wrote:

Anonymous wrote:Yeah, I don’t know what it cost. Only it felt appreciably nicer than any spec build new house we’ve toured. It was a big one too (6,000sf+). 3412 3rd St if you’re curious. [/quote

Oh I love that house. Great curb appeal. Wish nova builders would build more houses like that instead of McFarmhouse or McTransitional. Do you know who the builder was?

It was built by McNamara Builders (https://www.mcnamarabuilders.net/work/mclean-house) but, and this is crucial, designed by actual architects (Anne Decker Architects, https://www.annedeckerarchitects.com) instead of a volume home builder who has a few stock McMansion plans they cycle through.

Again, I don't know what it cost to build but it was $1M to buy the lot and when I walked through it you could tell it was on a whole other level of quality. I think they overbuilt for the neighborhood because it was intended to be their forever home and resale didn't matter. A builder doing spec homes would go broke in no time if they built to that quality, unfortunately.

[Anonymous]

https://redf.in/HIEdb2

This house is hideous. I can't believe they're asking $2.8m for something so ugly. No wonder it hasn't sold.

[Anonymous]

Anonymous wrote:https://redf.in/HIEdb2

This house is hideous. I can't believe they're asking $2.8m for something so ugly. No wonder it hasn't sold.

Yeah, that's a really weird one. It was a larger lot with a single home at a bend in Kenmore and they squeezed two giant homes on it now (this is one of them). So two monster houses squeezed into an odd triangle.

[Anonymous]

Anonymous wrote:

Anonymous wrote:

Anonymous wrote:Yeah, I don’t know what it cost. Only it felt appreciably nicer than any spec build new house we’ve toured. It was a big one too (6,000sf+). 3412 3rd St if you’re curious. [/quote

Oh I love that house. Great curb appeal. Wish nova builders would build more houses like that instead of McFarmhouse or McTransitional. Do you know who the builder was?

It was built by McNamara Builders (https://www.mcnamarabuilders.net/work/mclean-house) but, and this is crucial, designed by actual architects (Anne Decker Architects, https://www.annedeckerarchitects.com) instead of a volume home builder who has a few stock McMansion plans they cycle through.

Again, I don't know what it cost to build but it was $1M to buy the lot and when I walked through it you could tell it was on a whole other level of quality. I think they overbuilt for the neighborhood because it was intended to be their forever home and resale didn't matter. A builder doing spec homes would go broke in no time if they built to that quality, unfortunately.

Thanks PP. Beautiful home!

[Anonymous]

Anonymous wrote:https://redf.in/HIEdb2

This house is hideous. I can't believe they're asking $2.8m for something so ugly. No wonder it hasn't sold.

It looks like it sold for $2.2m in 2024. So someone got very greedy trying to get massive appreciation in under two years.

[Anonymous]

Anonymous wrote:

Anonymous wrote:https://redf.in/HIEdb2

This house is hideous. I can't believe they're asking $2.8m for something so ugly. No wonder it hasn't sold.

Yeah, that's a really weird one. It was a larger lot with a single home at a bend in Kenmore and they squeezed two giant homes on it now (this is one of them). So two monster houses squeezed into an odd triangle.

We looked somewhat seriously at the other one next to it (loved the Nantucket feel of it) but couldn’t get over how they made it look like a spec house in regards to its location / positioning with the house above. Also - zero yard and you’re basically right near that CVS that can get kind of weird at night.

[Anonymous]

Anonymous wrote:

Anonymous wrote:https://redf.in/HIEdb2

This house is hideous. I can't believe they're asking $2.8m for something so ugly. No wonder it hasn't sold.

It looks like it sold for $2.2m in 2024. So someone got very greedy trying to get massive appreciation in under two years.

No - it was 1 old SFH on a massive lot for the area that sold for $2.2M. Then the buyer subdivided the lots and built 2 houses.