625k in "Hip Happening Hyattsville"? Overpriced?

[Anonymous]

Anonymous wrote:

Anonymous wrote:

Anonymous wrote:I've been scrolling zillow again - what do you all think of this house? 625k seems high to me. I think this agent must have several listings as I've seen variations on "hip happening historic Hyattsville" several times during this zillow sesh.

https://www.zillow.com/homedetails/5303-41st-Ave-Hyattsville-MD-20781/37517368_zpid/

OP curious where you live?

Currently renting in Silver Spring. We were planning on buying in spring/summer 2020 and had Hyattsville on our list, then pandemic happened, and I hadn't realized how much the prices had gone up!

Ahh makes sense why you’re questioning the price … yeah things have changed in a year big time.

[Anonymous]

Anonymous wrote:

Anonymous wrote:

Anonymous wrote:

Anonymous wrote:I've been scrolling zillow again - what do you all think of this house? 625k seems high to me. I think this agent must have several listings as I've seen variations on "hip happening historic Hyattsville" several times during this zillow sesh.

https://www.zillow.com/homedetails/5303-41st-Ave-Hyattsville-MD-20781/37517368_zpid/

OP curious where you live?

Currently renting in Silver Spring. We were planning on buying in spring/summer 2020 and had Hyattsville on our list, then pandemic happened, and I hadn't realized how much the prices had gone up!

Ahh makes sense why you’re questioning the price … yeah things have changed in a year big time.

I think that’s a 600k house prepandemic though. Now I think it’ll close around 700k

[Anonymous]

Love everything about this house. Wood doors, crystal knobs, built-in dressers, cute porch, large yard, seems walkable (not super familiar). The kitchen is a good size, bedrooms seem decent and well-lit. Countertops in kitchen need updating aesthetically but they look to be in fabulous condition along with the rest of the house.

As someone who also lives in an older house with only one full bathroom on top floor and bottom floor each it isnt for all families, especially since they are small but I try to think about the fact that I spend less than an hour total per day in the bathroom, and thats even when WAH. Bigger would be nicer but its not going to change my day-to-day life.

[Anonymous]

Anonymous wrote:Love everything about this house. Wood doors, crystal knobs, built-in dressers, cute porch, large yard, seems walkable (not super familiar). The kitchen is a good size, bedrooms seem decent and well-lit. Countertops in kitchen need updating aesthetically but they look to be in fabulous condition along with the rest of the house.

I agree. This is a great house, and I suspect it’ll go for well over asking price.

[Anonymous]

Anonymous wrote:Yeah, not overpriced. The major drawback is the bathroom situation (only one upstairs and it’s tiny and oddly located) but the house is otherwise so lovely and in such great condition, there’s no question it goes over ask. Maybe even 100k over? I always think things will close for less than they ultimately do though (wishful thinking).

You could convert that office into a primary bathroom off the master bedroom. Or that linen/cedar closet- there’s room to play around. It would be a shame to rip out all that beautiful vintage tile though and get rid of the original bathroom completely.

[Anonymous]

Anonymous wrote:I think Hyattsville is in a weird place where it’s entirely possible that there’s a ton if interest from people priced out of other places who can afford to bid crazy amounts over the asking price, so some homes really go for a lot. This realtor tends to price on the lower side and gets a lot of bidding wars. So I wouldn’t be surprised if it goes for a lot over the list price. It’s on a pretty block surrounded by larger than average Hyattsville homes (which I think lends itself to seeming more valuable/expensive), and it’s an unusually large lot for the neighborhood, so even if it’s kinda small, there’s room to add on.

I’ve also noticed a number of other realtors using this same language on their listings, so that may be why you’re seeing hip, happening, Hyattsville a lot.

I walk by this house every day and have been inside- it sits at the top of a hill and looks down onto Ingraham street. In spring the whole front yard blooms- it’s a gorgeous house inside and out.

[Anonymous]

Anonymous wrote:

Anonymous wrote:

Anonymous wrote:

Anonymous wrote:I've been scrolling zillow again - what do you all think of this house? 625k seems high to me. I think this agent must have several listings as I've seen variations on "hip happening historic Hyattsville" several times during this zillow sesh.

https://www.zillow.com/homedetails/5303-41st-Ave-Hyattsville-MD-20781/37517368_zpid/

OP curious where you live?

Currently renting in Silver Spring. We were planning on buying in spring/summer 2020 and had Hyattsville on our list, then pandemic happened, and I hadn't realized how much the prices had gone up!

Ahh makes sense why you’re questioning the price … yeah things have changed in a year big time.

You can still find a 2 bedroom craftsman bungalow in need of updates or without A/C installed for 450-550. If you’re willing to put in a bit of work, there are still gems in Hyattsville. This house doesn’t really reflect typical Hyattsville- it’s one of the prettier houses in the neighborhood with a unique style, large lot, all that original detailing.

[Anonymous]

Yes, the house is overpriced in large part because Hyattsville is overpriced. When the market inevitably cools, PG County is going to cool a lot faster than other places in the DMV. This not a place where I’d invest.

[Anonymous]

Cape cod’s have bad layouts. At 1500 sq ft, the price per sq ft is too aggressive.

[Anonymous]

Anonymous wrote:Yes, the house is overpriced in large part because Hyattsville is overpriced. When the market inevitably cools, PG County is going to cool a lot faster than other places in the DMV. This not a place where I’d invest.

This is what happened in 2009.

[Anonymous]

Anonymous wrote:

Anonymous wrote:Yes, the house is overpriced in large part because Hyattsville is overpriced. When the market inevitably cools, PG County is going to cool a lot faster than other places in the DMV. This not a place where I’d invest.

This is what happened in 2009.

Yawn

Thank you for our Monday morning racism

[Anonymous]

Anonymous wrote:Yes, the house is overpriced in large part because Hyattsville is overpriced. When the market inevitably cools, PG County is going to cool a lot faster than other places in the DMV. This not a place where I’d invest.

This is a dumb statement. If anything, Hyattsville/Riverdale/University Park are underpriced in terms of easy commute into DC, big lots, walkability, sense of community and charm. It's an amazing area for young families. The area's only drawback is the middle/high schools, but you could say the same about Del Ray or Alexandria or any number of places that are priced higher.

[Anonymous]

Anonymous wrote:

Anonymous wrote:Yeah, not overpriced. The major drawback is the bathroom situation (only one upstairs and it’s tiny and oddly located) but the house is otherwise so lovely and in such great condition, there’s no question it goes over ask. Maybe even 100k over? I always think things will close for less than they ultimately do though (wishful thinking).

You could convert that office into a primary bathroom off the master bedroom. Or that linen/cedar closet- there’s room to play around. It would be a shame to rip out all that beautiful vintage tile though and get rid of the original bathroom completely.

The bathrooms are gorgeous.

[Anonymous]

Anonymous wrote:

Anonymous wrote:Yes, the house is overpriced in large part because Hyattsville is overpriced. When the market inevitably cools, PG County is going to cool a lot faster than other places in the DMV. This not a place where I’d invest.

This is a dumb statement. If anything, Hyattsville/Riverdale/University Park are underpriced in terms of easy commute into DC, big lots, walkability, sense of community and charm. It's an amazing area for young families. The area's only drawback is the middle/high schools, but you could say the same about Del Ray or Alexandria or any number of places that are priced higher.

Oh, please. There are thousands of jobs right in and immediately around Del Ray and Alexandria. Not so in Hip Happening Hyattsville.

[Anonymous]

Anonymous wrote:

Anonymous wrote:

Anonymous wrote:Yes, the house is overpriced in large part because Hyattsville is overpriced. When the market inevitably cools, PG County is going to cool a lot faster than other places in the DMV. This not a place where I’d invest.

This is a dumb statement. If anything, Hyattsville/Riverdale/University Park are underpriced in terms of easy commute into DC, big lots, walkability, sense of community and charm. It's an amazing area for young families. The area's only drawback is the middle/high schools, but you could say the same about Del Ray or Alexandria or any number of places that are priced higher.

Oh, please. There are thousands of jobs right in and immediately around Del Ray and Alexandria. Not so in Hip Happening Hyattsville.

What do you mean? I'm a DP genuinely curious. I live near Hyattsville but I've lived in the area my whole life and I'm familiar with Del Ray/Alexandria. They have a lot more wealth and retail, but in terms of jobs I see no difference? I guess retail/restaurant jobs?