Why has this DC house been on the market for so long?

[Anonymous]

Anonymous wrote:

Anonymous wrote:I like it generally but that is not the flooring a 6 million dollar house in DC should have. Many reputable real hardwood floor companies exist who can put in real oak flooring.

What are those floors made from if not wood? They don’t look like vinyl? I am ignorant because I have old original floors.

They’re real wood, but it’s a type that’s designed to look “distressed” as though it were antique flooring. They needed good finished in place hardwood not pre-finished hardwood at this price.

[Anonymous]

So we looked at this house when we were moving from Palo Alto to DMV. Ended up buying in Kenwood, Chevy Chase. Yes, the house is nice but the layout is funky and broken up inside. Low ceilings, generally smaller room. Basement that walks out onto the pool has a low ceiling. The garage is massive but is more of a car collection garage as opposed to a useful space. Back yard is huge and on a slight downslope beyond the pool. I was told the owner and fam moved during COVID. My guess is that they don’t need the money and therefore aren’t going to sell unless somebody hits their bogey. Busy street doesn’t help.

[Anonymous]

Prior poster here. I should note this was in early 2022

[Anonymous]

It's priced higher because I had a huge lot.

[Anonymous]

It has

[Anonymous]

Anonymous wrote:It’s always price. The asking is too high for the finishes as others have pointed out. They spent too much money on the renovation and now want that money back and then some. The numbers are not adding up for buyers in this price range who could have Great Falls or Potomac or many other neighborhoods at this price.

It is always price but I’d disagree re Greta falls or Potomac. Most upper brackets NW buyers wouldn’t look in GF or Potomac for anything. There’s very little overlap. A tiny bit of overlap w/ McLean

[Anonymous]

Did you end up paying $6 million for a home of similar size?

Anonymous wrote:So we looked at this house when we were moving from Palo Alto to DMV. Ended up buying in Kenwood, Chevy Chase. Yes, the house is nice but the layout is funky and broken up inside. Low ceilings, generally smaller room. Basement that walks out onto the pool has a low ceiling. The garage is massive but is more of a car collection garage as opposed to a useful space. Back yard is huge and on a slight downslope beyond the pool. I was told the owner and fam moved during COVID. My guess is that they don’t need the money and therefore aren’t going to sell unless somebody hits their bogey. Busy street doesn’t help.

[Anonymous]

Anonymous wrote:It's priced higher because I had a huge lot.

“Almost an acre” isn’t really “huge” for a home that the real estate agent wants to describe as an “estate.”

[Anonymous]

Anonymous wrote:Did you end up paying $6 million for a home of similar size?

Anonymous wrote:So we looked at this house when we were moving from Palo Alto to DMV. Ended up buying in Kenwood, Chevy Chase. Yes, the house is nice but the layout is funky and broken up inside. Low ceilings, generally smaller room. Basement that walks out onto the pool has a low ceiling. The garage is massive but is more of a car collection garage as opposed to a useful space. Back yard is huge and on a slight downslope beyond the pool. I was told the owner and fam moved during COVID. My guess is that they don’t need the money and therefore aren’t going to sell unless somebody hits their bogey. Busy street doesn’t help.

It’s possible! A few in Kenwood meet that description.

[Anonymous]

Anonymous wrote:It's priced higher because I had a huge lot.

What's the price per acre in this area of DC? Will it even be enticing to a developer to build 2 homes or a much more opulent home? This home is dated and doesn't feel luxurious enough for the price, unless you plop it somewhere very high price like Palo Alto or Hamptons. It only makes sense to pay this if land is very $$$$ and there is a possibility to rebuild and squeeze more money out of it.