Why isn't this Arlington house selling?

[Anonymous]

For Sale By Owner company listed it. Cheap house, cheap sellers, too stupid not to prep house correctly. But then they have word art.

[Anonymous]

The school ratings appear to be very low. I won't say that they reflect the actual quality of those schools, as I'm not familiar with them. However, families in the $1.3M price range are likely looking for highly rated public schools, and can literally filter their home search by GS ratings.

[Anonymous]

Anonymous wrote:For Sale By Owner company listed it. Cheap house, cheap sellers, too stupid not to prep house correctly. But then they have word art.

Even if this house were perfectly prepped, it would not be worth $1.4 million. I can't blame anyone for wanting to test the market, but it really is at least $100K overpriced. Once the sellers price it correctly, no one will care that it's FSBO.

[Anonymous]

Larrimore is a crappy cut through

[Anonymous]

Anonymous wrote:Oh and it’s 20 years old, builder grade with only some updates. I’m sure everything from HVAC to hot water heater to roof is due for replacement.

This, and zero curb appeal and horrible schools through middle school. No one with kids will want this. It also looks like a border house.

[Anonymous]

Anonymous wrote:

Anonymous wrote:Oh and it’s 20 years old, builder grade with only some updates. I’m sure everything from HVAC to hot water heater to roof is due for replacement.

This, and zero curb appeal and horrible schools through middle school. No one with kids will want this. It also looks like a border house.

Autocorrect hoarder not border.

[Anonymous]

I hate how on row of kitchen cabinets has the quarter round in the color of the next room, not of the kitchen floor. It's a minor detail, but it screams contractor who did not care

[Anonymous]

Anonymous wrote:The school ratings appear to be very low. I won't say that they reflect the actual quality of those schools, as I'm not familiar with them. However, families in the $1.3M price range are likely looking for highly rated public schools, and can literally filter their home search by GS ratings.

96% of the kids at CSES are farms. 17% are proficient in math. I can’t imagine paying that much for a house and not being able to use public schools. This is their competition:

https://www.redfin.com/VA/Arlington/4572-26th-St-N-22207/home/11230223

https://www.redfin.com/VA/Arlington/3829-26th-St-N-22207/home/11231936

https://www.redfin.com/VA/Arlington/3829-26th-St-N-22207/home/11231936

https://www.redfin.com/VA/Arlington/6165-11th-Rd-N-22205/home/11240349

https://www.redfin.com/VA/Arlington/2120-N-Troy-St-22201/home/11248620

[Anonymous]

Overpriced for the quality of the house and the location. Seller seems focused on the fact that it's a large house and large houses sell for that amount or some such nonsense.

If I bought that house I'd have to factor in several hundred thousand to renovate the kitchen, update all the stuff that likely needs updating, and pay for private school.

[Anonymous]

Overpriced for the location, condition and quality of the build.

Signed,
Arlington agent

[Anonymous]

Anonymous wrote:Oh and it’s 20 years old, builder grade with only some updates. I’m sure everything from HVAC to hot water heater to roof is due for replacement.

This was my immediate thought. It’s too new to be purchased by someone who is open to doing major home updates, but it’s too old to be considered new construction. It’s like the inverse Goldilocks. And I’ll be honest that it‘s from basically my least favorite era of home construction. It’s got the lawyer foyer and the busy kitchen backsplash and builder grade everything.

I think for the price/location most people aren’t going to want to dump money into replacing basic systems, which isn’t even a fun update like designing a new kitchen. Price will likely need to come down to reflect that.

[Anonymous]

Anonymous wrote:

People accepted the worse schools and less retail of So Arlington in exchange for newer and bigger homes with the same awesome Arlington commute.

But commute matters much less now, with hybrid and less traffic. So people who used to head south for their compromise to keep a short drive now head west and get a nice big house with good schools.

Almost $1.4M for S Arlington — mind boggling.

I think this is the case, especially with interest rates where they are. If you look at sales over the last 6 months in South Arlington, non-new builds top out at about 1.25. At most. This is across the board for every neighborhood except Crystal City Metro Corridor. Very nice houses have sat at anything above 1.3 and almost all of them settle for significantly less. [url]People just don't want to pay that much to live south of 50.[b]

I love how they tried to highlight proximity to EFC and Ballston metros. As someone who lives in between those stations, I don’t think of this home as being very close by. It honestly seems closer to Bailey’s Crossroads than the orange line corridor.

[Anonymous]

Anonymous wrote:This is a house where staging could have done a world of good. It's hard to see past the clutter at that price point.

+1
And get rid of any pet gear.

[Anonymous]

It's only been on the market for 14 days, during the summer when people are traveling. Take a deep breath.

[Anonymous]

Anonymous wrote:It's only been on the market for 14 days, during the summer when people are traveling. Take a deep breath.

It’s at least $200,000 overpriced.