Not selling in Rockville—why?

[Anonymous]

You could get a better house on a much bigger lot for less, zoned to Wootton. I live across the road from Fallsgrove and the place always makes me claustrophobic.

[Anonymous]

Anonymous wrote:It's cavernous and too close to main road. School not W

Houses in my RM neighborhood are going for between $1mil to $1.2 mil.

Also FG will end up at Crown HS, which may not be a problem. I think Crown HS will be nice.

[Anonymous]

Anonymous wrote:You could get a better house on a much bigger lot for less, zoned to Wootton. I live across the road from Fallsgrove and the place always makes me claustrophobic.

haha.. me, too, but some people don't want a big lot with a big yard to take care of. I moved from CA where houses were so close together. I swore I would not buy a house again that was that close to my neighbor. I could hear them having s3x. That's how close it was.

[Anonymous]

It's about 2 feet on each side away from the surrounding homes.

[Anonymous]

It will sell for around 1.25m

[Anonymous]

Whole thing looks builder grade. Needs to be gutted.

[Anonymous]

Good points, everyone. Thanks.

[Anonymous]

Anonymous wrote:You could get a better house on a much bigger lot for less, zoned to Wootton. I live across the road from Fallsgrove and the place always makes me claustrophobic.

This x 2000

I would not pay that kind of money to be zoned for RM. sorry, but no way.

[Anonymous]

Anonymous wrote:

Anonymous wrote:You could get a better house on a much bigger lot for less, zoned to Wootton. I live across the road from Fallsgrove and the place always makes me claustrophobic.

This x 2000

I would not pay that kind of money to be zoned for RM. sorry, but no way.

Houses are selling for 1mill plus in my much older RM neighborhood. I did not even click to see the interior but the houses are so close together...unappealing to me.

[Anonymous]

Seems to be quite a bit of inventory popping up in this 1-1.3 mil range. Everyone in moco thinks their McMansion is worth 1.3 million. Now that a lot of families are down to 1 income, a lot more of this type of inventory is coming onto market. With current rates, even with good credit and a 20% down on 1.3 mill - that monthly payment is around 10k/ month not even factoring in utilities. Even with a fantastic job - 10k a month is a LOT - and the pool of people with that kind of monthly nut is smaller - then factor in uncertainty. Yeah ….

[Anonymous]

Some sellers think they can match the highest local comp, even if they don’t have the same condition property.

[Anonymous]

Anonymous wrote:Seems to be quite a bit of inventory popping up in this 1-1.3 mil range. Everyone in moco thinks their McMansion is worth 1.3 million. Now that a lot of families are down to 1 income, a lot more of this type of inventory is coming onto market. With current rates, even with good credit and a 20% down on 1.3 mill - that monthly payment is around 10k/ month not even factoring in utilities. Even with a fantastic job - 10k a month is a LOT - and the pool of people with that kind of monthly nut is smaller - then factor in uncertainty. Yeah ….

Sellers are still pricing like it’s spring 2024. We bought in Rockville last year and homes are certainly not flying off the market this year. Seeing a lot of price drops too.

[Anonymous]

Anonymous wrote:Seems to be quite a bit of inventory popping up in this 1-1.3 mil range. Everyone in moco thinks their McMansion is worth 1.3 million. Now that a lot of families are down to 1 income, a lot more of this type of inventory is coming onto market. With current rates, even with good credit and a 20% down on 1.3 mill - that monthly payment is around 10k/ month not even factoring in utilities. Even with a fantastic job - 10k a month is a LOT - and the pool of people with that kind of monthly nut is smaller - then factor in uncertainty. Yeah ….

Homes in RM cluster are not mcmansions.

- RM cluster homeowner

[Anonymous]

Anonymous wrote:

Anonymous wrote:Seems to be quite a bit of inventory popping up in this 1-1.3 mil range. Everyone in moco thinks their McMansion is worth 1.3 million. Now that a lot of families are down to 1 income, a lot more of this type of inventory is coming onto market. With current rates, even with good credit and a 20% down on 1.3 mill - that monthly payment is around 10k/ month not even factoring in utilities. Even with a fantastic job - 10k a month is a LOT - and the pool of people with that kind of monthly nut is smaller - then factor in uncertainty. Yeah ….

Homes in RM cluster are not mcmansions.

- RM cluster homeowner

The SFH in Fallsgrove definitely are.

[Anonymous]

Anonymous wrote:You could get a better house on a much bigger lot for less, zoned to Wootton. I live across the road from Fallsgrove and the place always makes me claustrophobic.

Wootton is elite. Buy there for sure.