How can someone justify this sale price?

Anonymous
http://www.redfin.com/DC/Washington/3615-Macomb-St-NW-20016/home/9973599

Really? Are people in DC so delusional?
Anonymous
It's almost a 1/2 acre on Macomb.
Anonymous
Anonymous wrote:http://www.redfin.com/DC/Washington/3615-Macomb-St-NW-20016/home/9973599

Really? Are people in DC so delusional?


I'm curious - how much do you think it will sell for?
Anonymous
Anonymous wrote:
Anonymous wrote:http://www.redfin.com/DC/Washington/3615-Macomb-St-NW-20016/home/9973599

Really? Are people in DC so delusional?


I'm curious - how much do you think it will sell for?


$1.5m.
Anonymous
It does have over 5,000 square feet and 6 bedrooms, 5.5 baths. The size must be deceiving from the outside. Kitchen needs to be updated though.
Anonymous
A true a&c bungalow is also unique in CP. The kitchen is pretty pathetic, though. I'd $1.8m.
Anonymous
Well, the D.C. tax assessment was almost $2.2M.
Anonymous
for that price I would at least expect a nice kitchen.

My guess is the amount of land.
Anonymous
land assessment alone is $1.3M
Anonymous
And where are you writing us from today, OP? Fairfax Station maybe? Your post kinda suggests you don't know a whole lot about the Cleveland Park Historic District.

Sometimes when I'm bored I go on Manhattan chat rooms and tell everyone they're delusional that they -think- they're gonna get One. Million. Dollars. for a studio apartment in the Village, OMFG can you believe the idiocy?!?!? A studio apartment should cost $125,000 in Silver Spring, Md.!!!!!

No I don't really do that. You should also probably stick to what you know.
Anonymous
I think it's tacky, and I wouldn't pay that much to live in Chevy Chase, personally.
Anonymous
There is someone that will buy that house. I wish I could afford to buy it myself! That is truly a house with character. Actually, I would move back into the city if I could have that type of house with that type of land!
Anonymous
Anonymous wrote:I think it's tacky, and I wouldn't pay that much to live in Chevy Chase, personally.

That's good, because the house is in Cleveland Park.
Anonymous
Anonymous wrote:Well, the D.C. tax assessment was almost $2.2M.


Tax assessments in DC aren't an especially good indicator of market value.
Anonymous
How can a house be called a bungalow with 6 bedrooms and 5,000 sf? Isn't a bungalow supposed to be a small cottage?
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