N. Cleveland Park 10 days on market

[Anonymous]

Anonymous wrote:Open floor plan, unappealing though I appreciate the decor.

Is basement an ADU and/or a completely separate entrance? If so, it seems that leaves only 1 bath for rest of hours which is also unappealing.

Yep, one bath for the entire home if you use the basement for guests or as a rental.

A friend put a bid in that escalated to slightly over asking and it was rejected. I think they thought they could start a bidding war on this property, which is insane because the asking is perfectly priced. It sounds like they are making a big mistake. One more week on the market and everyone will be convinced there is something really wrong with this property.

Not too many people are willing/able to overlook all of the below:
- right on busy road
- very small
- one bedroom is unlivable it’s so small
- one bathroom for the house, basically

[Anonymous]

Anonymous wrote:
Yep, one bath for the entire home if you use the basement for guests or as a rental.

Not just that, the basement bathroom wasn't renovated.

Anonymous wrote:
A friend put a bid in that escalated to slightly over asking and it was rejected. I think they thought they could start a bidding war on this property, which is insane because the asking is perfectly priced. It sounds like they are making a big mistake. One more week on the market and everyone will be convinced there is something really wrong with this property.

There was only one offer to begin with. The seller/agent are greedy and want peak price from a few months ago. Should've listed earlier, now it is gonna cost them.

[Anonymous]

Anonymous wrote:

Anonymous wrote:
Yep, one bath for the entire home if you use the basement for guests or as a rental.

Not just that, the basement bathroom wasn't renovated.

Anonymous wrote:
A friend put a bid in that escalated to slightly over asking and it was rejected. I think they thought they could start a bidding war on this property, which is insane because the asking is perfectly priced. It sounds like they are making a big mistake. One more week on the market and everyone will be convinced there is something really wrong with this property.

There was only one offer to begin with. The seller/agent are greedy and want peak price from a few months ago. Should've listed earlier, now it is gonna cost them.

There were more this week. I don't know why they think after 3 weeks they will miraculously get an influx of bids with super high escalation clauses if this last batch didn't satisfy them above asking. Such a stupid tactic, if you can call it that.

Seller's realtor is Marjorie Dick Stuart, btw for those of you on the other thread.

[Anonymous]

Anonymous wrote:

Anonymous wrote:

Anonymous wrote:
Yep, one bath for the entire home if you use the basement for guests or as a rental.

Not just that, the basement bathroom wasn't renovated.

Anonymous wrote:
A friend put a bid in that escalated to slightly over asking and it was rejected. I think they thought they could start a bidding war on this property, which is insane because the asking is perfectly priced. It sounds like they are making a big mistake. One more week on the market and everyone will be convinced there is something really wrong with this property.

There was only one offer to begin with. The seller/agent are greedy and want peak price from a few months ago. Should've listed earlier, now it is gonna cost them.

There were more this week. I don't know why they think after 3 weeks they will miraculously get an influx of bids with super high escalation clauses if this last batch didn't satisfy them above asking. Such a stupid tactic, if you can call it that.

Seller's realtor is Marjorie Dick Stuart, btw for those of you on the other thread.

Could you please share what Marjorie Dick Stuart indicates? I have seen her name around.

[Anonymous]

Anonymous wrote:

Anonymous wrote:

Anonymous wrote:

Anonymous wrote:
Yep, one bath for the entire home if you use the basement for guests or as a rental.

Not just that, the basement bathroom wasn't renovated.

Anonymous wrote:
A friend put a bid in that escalated to slightly over asking and it was rejected. I think they thought they could start a bidding war on this property, which is insane because the asking is perfectly priced. It sounds like they are making a big mistake. One more week on the market and everyone will be convinced there is something really wrong with this property.

There was only one offer to begin with. The seller/agent are greedy and want peak price from a few months ago. Should've listed earlier, now it is gonna cost them.

There were more this week. I don't know why they think after 3 weeks they will miraculously get an influx of bids with super high escalation clauses if this last batch didn't satisfy them above asking. Such a stupid tactic, if you can call it that.

Seller's realtor is Marjorie Dick Stuart, btw for those of you on the other thread.

Could you please share what Marjorie Dick Stuart indicates? I have seen her name around.

NP. People just say she’s a shark and she has a big presence in DC, she promotes herself everywhere. I’m curious if this is how her listings often go. Can she really get over asking for this place? What’s the strategy here?

[Anonymous]

Her other listing in N. Cleveland Park at 3705 35th Street just went under contract. Curious what the sales price will be. Listed for $1.495M.

[Anonymous]

Anonymous wrote:Her other listing in N. Cleveland Park at 3705 35th Street just went under contract. Curious what the sales price will be. Listed for $1.495M.

It went “contingent” and not “pending” and took more than 1 weekend, so I’ll guess 1.475-1.5M.

[Anonymous]

Anonymous wrote:

Anonymous wrote:

Anonymous wrote:

Anonymous wrote:
Yep, one bath for the entire home if you use the basement for guests or as a rental.

Not just that, the basement bathroom wasn't renovated.

Anonymous wrote:
A friend put a bid in that escalated to slightly over asking and it was rejected. I think they thought they could start a bidding war on this property, which is insane because the asking is perfectly priced. It sounds like they are making a big mistake. One more week on the market and everyone will be convinced there is something really wrong with this property.

There was only one offer to begin with. The seller/agent are greedy and want peak price from a few months ago. Should've listed earlier, now it is gonna cost them.

There were more this week. I don't know why they think after 3 weeks they will miraculously get an influx of bids with super high escalation clauses if this last batch didn't satisfy them above asking. Such a stupid tactic, if you can call it that.

Seller's realtor is Marjorie Dick Stuart, btw for those of you on the other thread.

Could you please share what Marjorie Dick Stuart indicates? I have seen her name around.

MDS owns CP and strong elsewhere but plays games beyond what other shark alpha agents do (Nancy Taylor Bubes comes to mind). I’ve bid on her CP listings twice over the years and always something odd. I think the tactics often work but times like this, she’s losing money for her clients. One time in a hot market, she made it impossible for agents to pre-view, then schedules an open house, strong foot traffic, later that night contacts all to submit best and final, and refused to consider our offer and others. Eventually closed at slightly below market. Could have been an inside job or pocket listing masquerading as a market sale but left money on the table.

[Anonymous]

We've run into MDS before. We wanted to see if we could work something out, but she refused to talk unless we gave her a good number to start. Definitely plays games.

[Anonymous]

Anonymous wrote:We've run into MDS before. We wanted to see if we could work something out, but she refused to talk unless we gave her a good number to start. Definitely plays games.

What does this mean?

[Anonymous]

Reno is a major road. Total dealbreaker

[Anonymous]

Anonymous wrote:We've run into MDS before. We wanted to see if we could work something out, but she refused to talk unless we gave her a good number to start. Definitely plays games.

Is she delusional on this one? Does she regularly post a listing price that is wildly below what they will accept? Especially here it’s crazy because the list is about as good as it will get.

[Anonymous]

Still available after the weekend and now pushing 3 weeks on the market. What’s up with this place?

[Anonymous]

Anonymous wrote:Still available after the weekend and now pushing 3 weeks on the market. What’s up with this place?

it's just market cooling down and people aren't willing to overpay any more, especially those have problems

[Anonymous]

Anonymous wrote:

Anonymous wrote:We've run into MDS before. We wanted to see if we could work something out, but she refused to talk unless we gave her a good number to start. Definitely plays games.

What does this mean?

NP but for us, she refused to answer any questions about the offer situation including whether or not the seller had a deadline in mind after the weekend. We didn't have a chance to see the house until late in the weekend and wanted to know because our inspector wasn't free until Tuesday. Playing your cards close is one thing but acting coy about deadlines is silly.