INSANELY overpriced listing in Loudoun

[Anonymous]

Anonymous wrote:Beautiful property but the price is bonkers. I don't who would be in the market to buy a house like that.

I'm gonna sound dumb here, but I had no idea Loudoun had properties like that. I still don't think it's worth that much though. I'd argue it's worth $1.8 mil max and if it had a pool it would be more reasonable.

+1 to ALL this. It's still Leesburg. It's far out. Not appealing to people who need to commute, and not appealing to people who want to be away from it all because it's still a McMansion. In Leesburg.

[Anonymous]

Anonymous wrote:

Anonymous wrote:Beautiful property but the price is bonkers. I don't who would be in the market to buy a house like that.

I'm gonna sound dumb here, but I had no idea Loudoun had properties like that. I still don't think it's worth that much though. I'd argue it's worth $1.8 mil max and if it had a pool it would be more reasonable.

+1 to ALL this. It's still Leesburg. It's far out. Not appealing to people who need to commute, and not appealing to people who want to be away from it all because it's still a McMansion. In Leesburg.

Believe it or not, but a lot of people don’t want to be close to wherever you are.

[Anonymous]

I don't know the area or market over there so I have no idea if the price point is right on or far off.

With that being said, for some reason on this forum it seems like too many posters feel like the only place people are willing to pay big money to live are Bethesda, Mclean, etc and that anything "that far out" from DC isn't desirable. And that simply isn't true.

With remote work, a lot of people that I personally know went from going into DC 5 days a week to going to DC once in a blue moon. Heck, some government agencies have even moved their offices out of DC. There are plenty of nice neighborhoods to live in on both sides of the river especially if you're only interested in going into DC every so often if at all.

[Anonymous]

traffic in Leesburg is absolutely awful

[Anonymous]

Anonymous wrote:

Anonymous wrote:This home is nice and has great views, but what are these owners smoking to list it for that much?!!

It sold for approximately $950k in 2015 and now they want over 2.2million for it, absolute insanity for a home that far out! I know the market is radically different than 2015 but that's an insane increase in price!

Do you all think it's a fair price?

https://www.zillow.com/homedetails/39548-Whispering-Brook-Pl-Leesburg-VA-20175/121979707_zpid/

My BIL & SIL live in the same community, just a few streets over.

It is a gorgeous neighborhood and there's lots to do around there, but what a pain it is to go see them sometimes.

It takes is nearly an hour to get there and that's without traffic, because there's always traffic on every road that leads to there.

I'm not from here, so I don't know much about demographics, but they bought their house about 6 years ago for $1.2 and now it's being appraised at about as much as this one, so?

They really are beautiful homes though.

This sounds about right.
Gorgeous neighborhood with beautiful homes but traffic everywhere surrounding it, checks out.

[Anonymous]

I live about 5 minutes away and this home is egregiously overpriced. Yes, it's a great home on a nice piece of property but it's not worth 2million.

You can buy a home on 10 acres in Leesburg relatively updated with nice mountain views for about 1.5-1.6.

Leesburg is far out but the downtown combined with hunt country being 5 minutes away makes it super appealing.

[Anonymous]

Yeah, OP is right. House is way overpriced.

This house was built by the same builder and has similar square footage. It's on 10 acres, has a better view of the mountains, an outbuilding, and is literally across the street

This house sold in August for tad above 1.5.

Someone please tell me why the current listing isn't overpriced when compared to this.

https://www.zillow.com/homedetails/18463-Rustling-Woods-Ct-Leesburg-VA-20175/121711811_zpid/

[Anonymous]

I think it’s funny every time a listing like this comes up, the DCUM crew who think they’re so wealthy and privileged hyperventilate about why someone would pay to live “SO FAR!!”.

The entire market of western loudoun and adjacent areas is filled with large houses on large pieces of land and owned by people who have lots of money and don’t have to work in the same way DC-centric office drones need to, if they have to work at all.

But to all the inside the beltway drones, these people can’t possibly be spending much on real estate because where does their money come from if they don’t work in a building in DC upstairs from a Chopt?

Wait till you learn there are properties that cost 10x this much.

The real money in the region lives in western Loudoun and they don’t care if you think they live far away and they’re unconcerned with what your commute would be if you lived where they do. To them, the people who are tied to their offices have the lowest quality of life and they can’t understand why anyone would pay millions to be on a 2000sf lot.

[Anonymous]

Anonymous wrote:I live about 5 minutes away and this home is egregiously overpriced. Yes, it's a great home on a nice piece of property but it's not worth 2million.

You can buy a home on 10 acres in Leesburg relatively updated with nice mountain views for about 1.5-1.6.

Leesburg is far out but the downtown combined with hunt country being 5 minutes away makes it super appealing.

Citation please

[Anonymous]

Anonymous wrote:

Anonymous wrote:I live about 5 minutes away and this home is egregiously overpriced. Yes, it's a great home on a nice piece of property but it's not worth 2million.

You can buy a home on 10 acres in Leesburg relatively updated with nice mountain views for about 1.5-1.6.

Leesburg is far out but the downtown combined with hunt country being 5 minutes away makes it super appealing.

Citation please

https://www.zillow.com/homedetails/18463-Rustling-Woods-Ct-Leesburg-VA-20175/121711811_zpid/

https://www.zillow.com/homedetails/40058-Stagecoach-Ln-Leesburg-VA-20175/12417416_zpid/

This is just 2 properties that sold within the past year for that exact price range on 10 acres. One even has a pool.

[Anonymous]

Anonymous wrote:Yeah, OP is right. House is way overpriced.

This house was built by the same builder and has similar square footage. It's on 10 acres, has a better view of the mountains, an outbuilding, and is literally across the street

This house sold in August for tad above 1.5.

Someone please tell me why the current listing isn't overpriced when compared to this.

https://www.zillow.com/homedetails/18463-Rustling-Woods-Ct-Leesburg-VA-20175/121711811_zpid/

The house placement in the development, wooded lot, 1 year ago.

[Anonymous]

Anonymous wrote:I think it’s funny every time a listing like this comes up, the DCUM crew who think they’re so wealthy and privileged hyperventilate about why someone would pay to live “SO FAR!!”.

The entire market of western loudoun and adjacent areas is filled with large houses on large pieces of land and owned by people who have lots of money and don’t have to work in the same way DC-centric office drones need to, if they have to work at all.

But to all the inside the beltway drones, these people can’t possibly be spending much on real estate because where does their money come from if they don’t work in a building in DC upstairs from a Chopt?

Wait till you learn there are properties that cost 10x this much.

The real money in the region lives in western Loudoun and they don’t care if you think they live far away and they’re unconcerned with what your commute would be if you lived where they do. To them, the people who are tied to their offices have the lowest quality of life and they can’t understand why anyone would pay millions to be on a 2000sf lot.

+1. They think because Western Loudoun is conservative that it must mean it's full of poor hicks. I live in Leesburg and have no desire to ever live anywhere else. Bethesda and McLean are amazing communities and I'm sure that people love living there.

[Anonymous]

Anonymous wrote:

Anonymous wrote:

Anonymous wrote:I live about 5 minutes away and this home is egregiously overpriced. Yes, it's a great home on a nice piece of property but it's not worth 2million.

You can buy a home on 10 acres in Leesburg relatively updated with nice mountain views for about 1.5-1.6.

Leesburg is far out but the downtown combined with hunt country being 5 minutes away makes it super appealing.

Citation please

https://www.zillow.com/homedetails/18463-Rustling-Woods-Ct-Leesburg-VA-20175/121711811_zpid/

https://www.zillow.com/homedetails/40058-Stagecoach-Ln-Leesburg-VA-20175/12417416_zpid/

This is just 2 properties that sold within the past year for that exact price range on 10 acres. One even has a pool.

Both of those are a whole medium house smaller than the one OP posted.

[Anonymous]

Anonymous wrote:

Anonymous wrote:Yeah, OP is right. House is way overpriced.

This house was built by the same builder and has similar square footage. It's on 10 acres, has a better view of the mountains, an outbuilding, and is literally across the street

This house sold in August for tad above 1.5.

Someone please tell me why the current listing isn't overpriced when compared to this.

https://www.zillow.com/homedetails/18463-Rustling-Woods-Ct-Leesburg-VA-20175/121711811_zpid/

The house placement in the development, wooded lot, 1 year ago.

Less than a year ago, I like the lot much more. Even more acreage. Even if having an open lot with no trees is desirable, why would that make the house cost over $700k more? The market has not exploded that much in less than a year and I can't wrap my head around why the current listing would cost 700k more.

[Anonymous]

Anonymous wrote:

Anonymous wrote:

Anonymous wrote:

Anonymous wrote:I live about 5 minutes away and this home is egregiously overpriced. Yes, it's a great home on a nice piece of property but it's not worth 2million.

You can buy a home on 10 acres in Leesburg relatively updated with nice mountain views for about 1.5-1.6.

Leesburg is far out but the downtown combined with hunt country being 5 minutes away makes it super appealing.

Citation please

https://www.zillow.com/homedetails/18463-Rustling-Woods-Ct-Leesburg-VA-20175/121711811_zpid/

https://www.zillow.com/homedetails/40058-Stagecoach-Ln-Leesburg-VA-20175/12417416_zpid/

This is just 2 properties that sold within the past year for that exact price range on 10 acres. One even has a pool.

Both of those are a whole medium house smaller than the one OP posted.

Yeah, they are smaller. But the Rustling Woods one is only slightly smaller. I can see the house being listed at 1.8-1.9 but the 2.2 is wild to me. Maybe I'm just clueless to the demand out there but I have questions LOL.