Mt Prospect in North Potomac

Ok whatever. When I type in the main address (13901 Whisper Way, North Potomac, MD 20878) into google, google changes it to Gaithersburg. I guess it's confusing!

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05/29/2022 14:46

Subject: Mt Prospect in North Potomac

quote

Anonymous

Anonymous wrote:Kolorama will probably bring the price tag similar to Virginia…may be better to buy what’s available from a financial standpoint than hold out.

I dont think so. We will have a major home market crash in the near future. By the time phase 2 is out, they will need to offer big discounts. If you build a parkhurst rn on the available lot, it would cost 2.6 million for fully something fully upgraded like the previous palatine model. 1.84 base, 400k in design, 65k homesite premium, 300k in stuctural. After that of course we would want a finished backyard and woukd spend another 100k on that. So 2.7 million for north potomac which is a lot of money for us. And not that we cant afford it. If we were to try and sell a house at that price after any amount if time I wont get 2.7 million for it. Probably 2.2-2.3 million. Meaning I will have a 400-500k loss.

The sales team in planning for quick move ins for phase 2. These will allow them to give free structural options without giving a discount on the base price. I hope by then I can get a kalorama for 2.3-2.4 million fully upgraded.

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05/29/2022 14:59

Subject: Mt Prospect in North Potomac

quote

Anonymous

Anonymous wrote:Hurry up and bid on home sites! I heard that there is no land left in darnestown for building houses.

not true.

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05/29/2022 15:17

Subject: Re:Mt Prospect in North Potomac

quote

Anonymous

Anonymous wrote:

Anonymous wrote:Kalorama will start at about $2 at Mt. Prospect if the current models are already starting at $1.8. Expect the homes to close closer to $2.5 given the amount that is spent on upgrades and finishing (and the larger the home the more the upgrades cost).

Totally insane prices for darnestown. I hope none of these people need to move for 15 years because that’s probably how long it will take for them to break even on any sale.

you will never break even if u buy at the prices today….

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05/30/2022 00:03

Subject: Mt Prospect in North Potomac

quote

Anonymous

Anonymous wrote:

Anonymous wrote:Kolorama will probably bring the price tag similar to Virginia…may be better to buy what’s available from a financial standpoint than hold out.

I dont think so. We will have a major home market crash in the near future. By the time phase 2 is out, they will need to offer big discounts. If you build a parkhurst rn on the available lot, it would cost 2.6 million for fully something fully upgraded like the previous palatine model. 1.84 base, 400k in design, 65k homesite premium, 300k in stuctural. After that of course we would want a finished backyard and woukd spend another 100k on that. So 2.7 million for north potomac which is a lot of money for us. And not that we cant afford it. If we were to try and sell a house at that price after any amount if time I wont get 2.7 million for it. Probably 2.2-2.3 million. Meaning I will have a 400-500k loss.

The sales team in planning for quick move ins for phase 2. These will allow them to give free structural options without giving a discount on the base price. I hope by then I can get a kalorama for 2.3-2.4 million fully upgraded.

I hear you, but respectfully disagree. I’ve bought in Mt Prospect and can say that design center will not cost more than 150k, and that’s with high end options. Structural, yes, that can add up. But design center isn’t anywhere near 400k. Also, you have to go in with a good agent…we saved a decent amount and got some “freebies” as did our neighbors. I think 65k for premium is a little low though…more like 100k-125k based on what recent buyers paid for premiums. Either way, I agree that the market is turning and buyers will have more leverage.

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05/30/2022 16:57

Subject: Mt Prospect in North Potomac

quote

Anonymous

Anonymous wrote:

Anonymous wrote:

Anonymous wrote:Kolorama will probably bring the price tag similar to Virginia…may be better to buy what’s available from a financial standpoint than hold out.

I dont think so. We will have a major home market crash in the near future. By the time phase 2 is out, they will need to offer big discounts. If you build a parkhurst rn on the available lot, it would cost 2.6 million for fully something fully upgraded like the previous palatine model. 1.84 base, 400k in design, 65k homesite premium, 300k in stuctural. After that of course we would want a finished backyard and woukd spend another 100k on that. So 2.7 million for north potomac which is a lot of money for us. And not that we cant afford it. If we were to try and sell a house at that price after any amount if time I wont get 2.7 million for it. Probably 2.2-2.3 million. Meaning I will have a 400-500k loss.

The sales team in planning for quick move ins for phase 2. These will allow them to give free structural options without giving a discount on the base price. I hope by then I can get a kalorama for 2.3-2.4 million fully upgraded.

I hear you, but respectfully disagree. I’ve bought in Mt Prospect and can say that design center will not cost more than 150k, and that’s with high end options. Structural, yes, that can add up. But design center isn’t anywhere near 400k. Also, you have to go in with a good agent…we saved a decent amount and got some “freebies” as did our neighbors. I think 65k for premium is a little low though…more like 100k-125k based on what recent buyers paid for premiums. Either way, I agree that the market is turning and buyers will have more leverage.

I was told that the Palentine model home had 400k in design options. I want something about as upgraded as that. That's why I think it will be more than 150k. I wish I could get some idea of the design center pricing before purchasing. I think I will just wait and hope for getting something like the Kalorama model closer to 2.2-2.4 million.

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05/30/2022 17:00

Subject: Mt Prospect in North Potomac

quote

Anonymous

Anonymous wrote:

Anonymous wrote:

Anonymous wrote:Kolorama will probably bring the price tag similar to Virginia…may be better to buy what’s available from a financial standpoint than hold out.

I dont think so. We will have a major home market crash in the near future. By the time phase 2 is out, they will need to offer big discounts. If you build a parkhurst rn on the available lot, it would cost 2.6 million for fully something fully upgraded like the previous palatine model. 1.84 base, 400k in design, 65k homesite premium, 300k in stuctural. After that of course we would want a finished backyard and woukd spend another 100k on that. So 2.7 million for north potomac which is a lot of money for us. And not that we cant afford it. If we were to try and sell a house at that price after any amount if time I wont get 2.7 million for it. Probably 2.2-2.3 million. Meaning I will have a 400-500k loss.

The sales team in planning for quick move ins for phase 2. These will allow them to give free structural options without giving a discount on the base price. I hope by then I can get a kalorama for 2.3-2.4 million fully upgraded.

I hear you, but respectfully disagree. I’ve bought in Mt Prospect and can say that design center will not cost more than 150k, and that’s with high end options. Structural, yes, that can add up. But design center isn’t anywhere near 400k. Also, you have to go in with a good agent…we saved a decent amount and got some “freebies” as did our neighbors. I think 65k for premium is a little low though…more like 100k-125k based on what recent buyers paid for premiums. Either way, I agree that the market is turning and buyers will have more leverage.

Also, any recommendations for agents?

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