Is there a reason why this house hasn't sold?

[Anonymous]

http://www.redfin.com/DC/Washington/2929-University-Ter-NW-20016/home/10338375

Over half a year. It's a lovely home in a perfect neighborhood. Perfect for a forever home.

[Anonymous]

I am taking a wild guess....maybe it is overpriced?

[Anonymous]

It would take you beyond forever to pay for it.

[Anonymous]

Answer: No one has 3.75 million to pay for this joint and, looking at past sales on the house, it has not increased in value anyway and could be a disaster of an investment for the owner.

Hope that helps, realtor-or-owner-of-the-home-poster!

[Anonymous]

It's unattractive, inside and out, and the decorating doesn't help. I would, however, take the shoe collection.

[Anonymous]

Anonymous wrote:It would take you beyond forever to pay for it.

Not true. 30 years.

[Anonymous]

Only one reason.

No one thinks it is worth the asking price.

[Anonymous]

Tiny lot

[Anonymous]

Anonymous wrote:Tiny lot

That's what I thought, too.

[Anonymous]

I heard there's a torture chamber in the sub-basement, which apparently turns some buyers off.

[Anonymous]

The listing agent is notorious for overpricing his clients' homes.

[Anonymous]

Who has 4 million for a home? Not me!

[Anonymous]

It looks like a McMansion, even though it's in the city. Over-priced by at least $350K.

[Anonymous]

Anonymous wrote:It looks like a McMansion, even though it's in the city. Over-priced by at least $350K.

The term "City" is so stupid. You do know that a city has it's urban areas and it's suburban areas and as a resident of that neighborhood I can tell you it's one of the most suburban parts of the close in areas you'll find. No sidewalks. labs walking around without leashes, large homes etc.

[Anonymous]

The land is only worth $700,000 so the home is worth $3 million? I don't think so. I can't believe someone paid $3.75 in 2008 no idea what they were thinking. I think the value is probably more in the range of $3 million than $4million. most houses in the area sell for $500-600/sqft which makes this house far outside even that range. If it were priced at $3 million then it would be within that range.