Bidding War Near Sidwell?

[Anonymous]

Anonymous wrote:At ask or just below. This house is not particularly special and it’s immediately across from a school.

And the new DC income tax rates aren’t making buying high in DC more appealing…

You’re not in touch with the market… this one will go for $2.7 or more.

[Anonymous]

Only need 1 sucker to buy.

[Anonymous]

Anonymous wrote:

Anonymous wrote:My sister bid on this house. I’m started to think she didn’t bid nearly enough. It’s the 8th house they’ve bid on so they’re used to rejection at this point.

What did she bid? (House is under contract now.)

I don’t feel comfortable saying how much but let’s just say it must have gone for more than. 2.7

[Anonymous]

What made this house so valuable? I want to understand as a buyer who is getting priced out of the market around the $2.3 mark.

[Anonymous]

Anonymous wrote:What made this house so valuable? I want to understand as a buyer who is getting priced out of the market around the $2.3 mark.

Location. Land. Layout.

[Anonymous]

Add: possibilities for easy expansion (attic large enough to be made into a true owner’s suite or other living area) and the house has been very well-maintained

[Anonymous]

Anonymous wrote:Nice lot and plenty of room to expand or even add a pool should the buyer wish. I think it’s going to go for 2.6 the way the market has been going. It’s in great shape, very well maintained.

There is a public pool just down the street. No reason to waste yard space with a private one.

[Anonymous]

Well, unless you want privacy and the convenience of watching the kids from your own home

[Anonymous]

We bid on this house because of the proximity to the new pool/tennis/playground near Hearst, not to mention the house itself was really beautiful and well laid out. Our offer included escalations with a cap of $2.8 and we still lost. We were disappointed to not get the house but there was no way in good conscience we could pay $3 million for this house, even in this market.

[Anonymous]

Anonymous wrote:Add: possibilities for easy expansion (attic large enough to be made into a true owner’s suite or other living area) and the house has been very well-maintained

Where is the attic access? From the floorplan, it doesn't look like there are fixed stairs, which would be a huge expense and there's no obvious place for them in the layout.

[Anonymous]

This house sold for $1.65M in 2015. It sold off market, so we don't have pictures, but based on the 2015 description of an "open kitchen" I doubt it was renovated. In other words, the sellers are making 1-1.5 million in 7 years for doing little to no work. People should remember that the market in 2015 was also strong. This sale is really crazy.

[Anonymous]

Anonymous wrote:We bid on this house because of the proximity to the new pool/tennis/playground near Hearst, not to mention the house itself was really beautiful and well laid out. Our offer included escalations with a cap of $2.8 and we still lost. We were disappointed to not get the house but there was no way in good conscience we could pay $3 million for this house, even in this market.

Do you know how long the neighborhood fought against the pool. I have an email from 2014! The fact that it is now a selling point is hilarious

[Anonymous]

Anonymous wrote:We bid on this house because of the proximity to the new pool/tennis/playground near Hearst, not to mention the house itself was really beautiful and well laid out. Our offer included escalations with a cap of $2.8 and we still lost. We were disappointed to not get the house but there was no way in good conscience we could pay $3 million for this house, even in this market.

Wow. Where's that poster who keeps saying bidding wars are over.

[Anonymous]

Anonymous wrote:

Anonymous wrote:We bid on this house because of the proximity to the new pool/tennis/playground near Hearst, not to mention the house itself was really beautiful and well laid out. Our offer included escalations with a cap of $2.8 and we still lost. We were disappointed to not get the house but there was no way in good conscience we could pay $3 million for this house, even in this market.

Wow. Where's that poster who keeps saying bidding wars are over.

Not in these neighborhoods.

Not in the market, but that is a really nice house.

[Anonymous]

Not sure what happened to some of the posts that were in this thread, but to the person who lost on Idaho and bid on Upton - did you get Upton?