Gorgeous gigantic town home in Gaithersburg for 1.5 M. Puzzled.

[Anonymous]

I agree that they are bizarre, although beautiful. Don't have the budget but would love to tour one!

[Anonymous]

Anonymous wrote:

Anonymous wrote:I am puzzled by the size and the price of this house. It is beautiful that is for sure but I can not envision perfect buyer. What is the demographics for this type of house. It is gigantic, it has tons of rooms and living spaces. The schools are "ahm… ". I am thinking it is way to big for a professional single or a couple considering they would not care for schools. It is not good for multi generational family because it does not have living quarters on the first floor for elderly, and it seems to be perfect bachelors pad overall. Far from the city. Help me here? Who is the target audience for it?

https://www.zillow.com/homes/for_sale/2087605479_zpid/60000-2000000_price/238-7942_mp/globalrelevanceex_sort/39.113492,-77.200998,39.109812,-77.207864_rect/16_zm/0_mmm/?

They have elevators.

That whole area is elevated now. Many 1 M + SFHs and 700-900k townhomes.

Looks like the elevator is an option...for even more $$!

[Anonymous]

Crown is awesome. It's always buzzing.

[Anonymous]

The house near it sold for 2.9 million in 2016:

https://www.zillow.com/homedetails/424-Salk-Cir-Gaithersburg-MD-20878/119331534_zpid/

The schools are rated 3, 5, 5. Very odd.

[Anonymous]

Anonymous wrote:But if this was in DC with terrible schools you would not wonder why?

DC is different, everybody works in DC so that is major pro. Gaithersburg does not support jobs to buy 1.5 mil homes and commute is a bitch.

[Anonymous]

Anonymous wrote:

Anonymous wrote:

Anonymous wrote:I am puzzled by the size and the price of this house. It is beautiful that is for sure but I can not envision perfect buyer. What is the demographics for this type of house. It is gigantic, it has tons of rooms and living spaces. The schools are "ahm… ". I am thinking it is way to big for a professional single or a couple considering they would not care for schools. It is not good for multi generational family because it does not have living quarters on the first floor for elderly, and it seems to be perfect bachelors pad overall. Far from the city. Help me here? Who is the target audience for it?

https://www.zillow.com/homes/for_sale/2087605479_zpid/60000-2000000_price/238-7942_mp/globalrelevanceex_sort/39.113492,-77.200998,39.109812,-77.207864_rect/16_zm/0_mmm/?

They have elevators.

That whole area is elevated now. Many 1 M + SFHs and 700-900k townhomes.

Looks like the elevator is an option...for even more $$!

Yeah but totally affordable. Only 30K extra

[Anonymous]

Anonymous wrote:I agree that they are bizarre, although beautiful. Don't have the budget but would love to tour one!

Go tour, they are open during normal business hours weekdays and weekends. It is fun to visit.

[Anonymous]

Anonymous wrote:If your assumptions are right the price will start dropping.
The market will tell you soon.

How much it can drop on 1.5 M home? it can not drop too much.

[Anonymous]

Anonymous wrote:The house near it sold for 2.9 million in 2016:

https://www.zillow.com/homedetails/424-Salk-Cir-Gaithersburg-MD-20878/119331534_zpid/

The schools are rated 3, 5, 5. Very odd.

Neh, I don't think it is price for a home, there is this glitch in new build that shows a bunch of parcels being priced together that developer buys and then it shows in sales record for each, but they did not even sell yet because they are new builds.

[Anonymous]

Anonymous wrote:Crown is awesome. It's always buzzing.

Yest, it is a nice place to live if you work nearby and have no kids.

[Anonymous]

People who are buying these townhouses know that Crown HS is eventually coming. Also, people who are spending this much money on a home are likely able to afford private school. Current elem school isn't bad.

[Anonymous]

Anonymous wrote:

Anonymous wrote:But if this was in DC with terrible schools you would not wonder why?

DC is different, everybody works in DC so that is major pro. Gaithersburg does not support jobs to buy 1.5 mil homes and commute is a bitch.

1. People in Gaithersburg can and do work in DC; DC is not the only place where people make $$$$
2. The bitchiness of the commute really depends on where in Gaithersburg you live and which mode of transportation you are taking. You can get from Gaithersburg to DC in 30 to 45 min on the MARC train

[Anonymous]

Anonymous wrote:The house near it sold for 2.9 million in 2016:

https://www.zillow.com/homedetails/424-Salk-Cir-Gaithersburg-MD-20878/119331534_zpid/

The schools are rated 3, 5, 5. Very odd.

Are you sure that's a house? The pic in that listing is of a dumpster and a pile of dirt. It isurrounded by truly fugly McMansions on tiny lots!

[Anonymous]

Anonymous wrote:

Anonymous wrote:

Anonymous wrote:But if this was in DC with terrible schools you would not wonder why?

DC is different, everybody works in DC so that is major pro. Gaithersburg does not support jobs to buy 1.5 mil homes and commute is a bitch.

1. People in Gaithersburg can and do work in DC; DC is not the only place where people make $$$$
2. The bitchiness of the commute really depends on where in Gaithersburg you live and which mode of transportation you are taking. You can get from Gaithersburg to DC in 30 to 45 min on the MARC train

But then you have to get to your office, which for most people will take a decent bit more time from union station.

[Anonymous]

Anonymous wrote:

Anonymous wrote:But if this was in DC with terrible schools you would not wonder why?

DC is different, everybody works in DC so that is major pro. Gaithersburg does not support jobs to buy 1.5 mil homes and commute is a bitch.

No. Everybody does not work in DC. Most people don't work in DC.