[MD] Bethesda - What will this Glen Echo Heights house ultimately sell for?

[Anonymous]

Has it sold yet?

[Anonymous]

Nope, it isn't the easiest price point to sell at now days.

[Anonymous]

They should drop it to 1.275.

[Anonymous]

^^ I suspect they could do much better than that, PP. It sold for $1.43 million in 2013. My guess is it'll sell for right around that, eventually.

[Anonymous]

Sold yet?

[Anonymous]

Looks like it's still on the market (though no further price reduction after the one major chop)!

Are there really that many $1.5 million houses that are nicer and better-located than this one?

Something must be up. I would love to know what the story behind this slow sale is......

Looks like past owners had trouble selling it, too. (If you look at the sales history on Redfin.)

[Anonymous]

Looked at it,. It's a beautifully constructed home in a very desirable neighborhood. A big part of the problem is the lot. The house is wedged into a tight cul de sac, probably just a tad too big for the space. On one side is an abandoned little bungalow that is about to fall down. On the other side is a nice house but situated in such a way that it basically appears to sit partly in the front yard of the house for sale. It would be much more desirable if the price were to come down.

[Anonymous]

^^PP, how much do you think the price needs to come down by?

[Anonymous]

Anonymous wrote:^^PP, how much do you think the price needs to come down by?

$1.25M sounds right. It's arguably something of a bargain for the house itself but high for the situation. So on balance, 1.2 would make sense. Comes down to how much the owner wants to sell.

[Anonymous]

^^At that price the sellers would be taking a $180k hit, not including transaction costs, considering they paid $1.43 million for the house in 2013. They'd have to be pretty desperate to sell that low; might be better off renting it out.

My guess is it'll sell for between $1.4 million and $1.43 million -- but it may sit for a while.

I'm the OP, by the way.

[Anonymous]

Look at the street view image of the house on Google maps. It basically looks wedged in between the 2 neighboring homes on a strange triangular lot.
Plus the one is apparently abandoned.

[Anonymous]

Anonymous wrote:Look at the street view image of the house on Google maps. It basically looks wedged in between the 2 neighboring homes on a strange triangular lot.
Plus the one is apparently abandoned.

Proves that you really don't want to be the nicest house in the neighborhood.

[Anonymous]

Anonymous wrote:

Anonymous wrote:Look at the street view image of the house on Google maps. It basically looks wedged in between the 2 neighboring homes on a strange triangular lot.
Plus the one is apparently abandoned.

Proves that you really don't want to be the nicest house in the neighborhood.

That isn't close to the nicest house in that neighborhood

[Anonymous]

Agree. There are even comparably nice houses on that little street. The abandoned one next door isn't one of them, however.

[Anonymous]

Anonymous wrote:

Anonymous wrote:

Anonymous wrote:Look at the street view image of the house on Google maps. It basically looks wedged in between the 2 neighboring homes on a strange triangular lot.
Plus the one is apparently abandoned.

Proves that you really don't want to be the nicest house in the neighborhood.

That isn't close to the nicest house in that neighborhood

What is nicer? I've driven through there.