Bethesda way over asking

[Anonymous]

Amazing in 2019 this was almost same price. Actually from this house you just go down Democracy make a left on Greentree,

https://www.redfin.com/MD/Rockville/10240-Democracy-Blvd-20854/home/10916062

Shows how prices went up

[Anonymous]

Anonymous wrote:

Anonymous wrote:

Anonymous wrote:This house is renovated, bigger, and not on Greentree and it sold for $1.22 million. https://www.redfin.com/MD/Bethesda/8909-Fallen-Oak-Dr-20817/home/10664036

The $1.72 million is either a mistake or somebody was desperate.

The Fallen Oak one was discussed here - the Greentree one is significantly better than it. Fallen Oak is less attractive, less renovated, not much bigger (with fewer bathrooms), does not have nearly as nice of a lot and, most important, has a really strange/scary drainage pond out front.

Ok, here's another one:
https://www.redfin.com/MD/Bethesda/6230-Valley-Rd-20817/home/10663936

Lower price, new build, 1500 sq ft larger, sold for $60k less

I'll give you this one...except it sold under asking so I wonder if something was wrong.

[Anonymous]

Anonymous wrote:You want location. This one is 10x better location in Bethesda

https://www.redfin.com/MD/Chevy-Chase/4505-Elm-St-20815/home/10643304

Maybe it's schools.

[Anonymous]

Op here - I have been looking in this market for one year now and if this truly sold for $1.7 I would be shocked. I’m hoping it’s a mistake. As others have pointed out, there have been other very recent sales that are much nicer and newer for the same price. The sq footage on this house is small. I was hoping to hear from someone in the neighborhood who may know whether or not this was a mistake. Many have let rising rate fears skew the price the pay. Thank you for all of the feedback.

[Anonymous]

Anonymous wrote:

Anonymous wrote:

Anonymous wrote:

Anonymous wrote:This house is renovated, bigger, and not on Greentree and it sold for $1.22 million. https://www.redfin.com/MD/Bethesda/8909-Fallen-Oak-Dr-20817/home/10664036

The $1.72 million is either a mistake or somebody was desperate.

The Fallen Oak one was discussed here - the Greentree one is significantly better than it. Fallen Oak is less attractive, less renovated, not much bigger (with fewer bathrooms), does not have nearly as nice of a lot and, most important, has a really strange/scary drainage pond out front.

Ok, here's another one:
https://www.redfin.com/MD/Bethesda/6230-Valley-Rd-20817/home/10663936

Lower price, new build, 1500 sq ft larger, sold for $60k less

I'll give you this one...except it sold under asking so I wonder if something was wrong.

I mean it's an awkward corner lot and a lot of money for no garage, but still, a garage does not make up for that much difference in square footage.

[Anonymous]

Anonymous wrote:

Anonymous wrote:

Anonymous wrote:

Anonymous wrote:The asking price is what's throwing you off OP. They WAY underpriced it. The strategy worked! This is a fair price for that house in that location.

Same thing happened here - and everyone was astonished and up in arms over it on this forum

https://www.redfin.com/DC/Washington/6310-Oregon-Ave-NW-20015/home/9994920

You can't be serious. The Oregon Ave house has several comps that sold for similar amounts. This one does not.

You can't be serious if you think this location doesn't command the same price if not more than the Oregon Ave location. At least with the Greentree location you don't have to resort to private schools as your only option.

The numbers don't lie, but you do.

what what are you 12?

[Anonymous]

I've been tracking this house. I saw it in person during the open house last week and it was nice, but still a flip, and you could see details in the interiors that could have been done better. I'm shocked it went for $600k over asking! I chatted with the agent and he said that the house was owned by an older woman who passed away and left the house to her caretaker. The caretaker's husband is a builder and gutted and renovated the house as a flip.

[Anonymous]

Is it that price on the official tax records, or just the real estate sites?

[Anonymous]

Everyone on this site needs to take a deep breath and a step back. These are people’s homes. Please let them move in and be happy with their purchase. This is a rough market and seeing these commentaries makes the mental health toll 100x worse.

[Anonymous]

Anonymous wrote:Is it that price on the official tax records, or just the real estate sites?

I looked on the tax sites -- not there yet. It can take many weeks to show up there.

[Anonymous]

Anonymous wrote:You want location. This one is 10x better location in Bethesda

https://www.redfin.com/MD/Chevy-Chase/4505-Elm-St-20815/home/10643304

Totally insane that it took five months and a price cut to sell that home. Shows how much the market changed in just a few months because everything was madness by February of this year.

[Anonymous]

I think the seller's agent has a good strategy. Make a "typo," attract lots of attention, probably get some new clients who think you have magical powers, then in a few weeks correct the "typo."

[Anonymous]

Anonymous wrote:That house sold for only $480K in July 2021 in what was a very hot market. That is a crazy price,

I say that as I bought a fixer upper split and I spent over my years of ownership 100K to redo everything. All that was left was new siding and one bathroom left to do when I sold. Even it I went crazy top of line. Maybe 200K. Who in their right mind paid that.

Greentree is a bad location. It is a huge shot cut. Only thing walking distance is the food truck by Georgetown road. A

That was the property transferring out of a trust not an at arms length sale.

[Anonymous]

Typo. MD property records show that the sale price was $1.27. Link for anyone to check:

https://sdat.dat.maryland.gov/RealProperty/Pages/default.aspx

[Anonymous]

Anonymous wrote:Typo. MD property records show that the sale price was $1.27. Link for anyone to check:

https://sdat.dat.maryland.gov/RealProperty/Pages/default.aspx

Lol, I love all the boosters here talking about how $1.72 was a totally fair market value for this house and all the other posters were just ignorant about prices in that part of Bethesda.