why new builds in mclean lose values over time?

[Anonymous]

Anonymous wrote:At certain price points the price stagnate for a while.

Your best investment at that price range is to build new.

We recently built a 8000SF home in a good McLean zip code inside the beltway for 1.3M (Inc land) and it was appraised at 2.3M this year.

Did you own the previous house on that land (i.e.: old house that you knocked down)?

[Anonymous]

Anonymous wrote:At certain price points the price stagnate for a while.

Your best investment at that price range is to build new.

We recently built a 8000SF home in a good McLean zip code inside the beltway for 1.3M (Inc land) and it was appraised at 2.3M this year.

8000sqft cost minimum 700k to build, 1.3M is impossible incl land

[Anonymous]

There are many examples of $2M-plus sales over the past year where the most recent sales price exceeded the prior sale price.

https://www.redfin.com/VA/McLean/1487-Evans-Farm-Dr-22101/home/9836668 ($1.74M to $2.00M)
https://www.redfin.com/VA/McLean/896-Helga-Pl-22102/home/9274880 ($2.00M to $2.08M)
https://www.redfin.com/VA/McLean/7216-Farm-Meadow-Ct-22101/home/9838684 ($1.95M to $2.13M)
https://www.redfin.com/VA/McLean/7212-Farm-Meadow-Ct-22101/home/9838682 ($1.98M to $2.15M)
https://www.redfin.com/VA/McLean/7825-Loughran-Rd-22102/home/9832900 ($1.82M to $2.18M)
https://www.redfin.com/VA/McLean/2119-Elliott-Ave-22101/home/9483112 ($2.10M to $2.20M)
https://www.redfin.com/VA/McLean/7704-Carlton-Pl-22102/home/9268515 ($1.53M to $2.25M)
https://www.redfin.com/VA/McLean/1310-Calder-Rd-22101/home/9391547 ($2.12M to $2.38M)
https://www.redfin.com/VA/McLean/6514-W-Langley-Ln-22101/home/9392511 ($2.08M to $2.39M)
https://www.redfin.com/VA/McLean/1029-Savile-Ln-22101/home/9282080 ($2.10M to $2.39M)
https://www.redfin.com/VA/McLean/7806-Glenhaven-Ct-22102/home/9830366 ($1.47M to $2.43M)
https://www.redfin.com/VA/McLean/7846-Westmont-Ln-22102/home/9853781 ($2.35M to $2.45M)
https://www.redfin.com/VA/McLean/1303-Kirby-Rd-22101/home/12074797 ($2.23M to $2.45M)
https://www.redfin.com/VA/McLean/7805-Grovemont-Dr-22102/home/9269176 ($2.45M to $2.50M)
https://www.redfin.com/VA/McLean/908-Whann-Ave-22101/home/9275941 ($1.58M to $2.54M)
https://www.redfin.com/VA/McLean/870-Alvermar-Ridge-Dr-22102/home/9832879 ($2.51M to $3.23M)
https://www.redfin.com/VA/McLean/7800-Meritage-Ln-22102/home/12070553 ($2.74M to $3.50M)

[Anonymous]

Anonymous wrote:There are many examples of $2M-plus sales over the past year where the most recent sales price exceeded the prior sale price.

https://www.redfin.com/VA/McLean/1487-Evans-Farm-Dr-22101/home/9836668 ($1.74M to $2.00M)
https://www.redfin.com/VA/McLean/896-Helga-Pl-22102/home/9274880 ($2.00M to $2.08M)
https://www.redfin.com/VA/McLean/7216-Farm-Meadow-Ct-22101/home/9838684 ($1.95M to $2.13M)
https://www.redfin.com/VA/McLean/7212-Farm-Meadow-Ct-22101/home/9838682 ($1.98M to $2.15M)
https://www.redfin.com/VA/McLean/7825-Loughran-Rd-22102/home/9832900 ($1.82M to $2.18M)
https://www.redfin.com/VA/McLean/2119-Elliott-Ave-22101/home/9483112 ($2.10M to $2.20M)
https://www.redfin.com/VA/McLean/7704-Carlton-Pl-22102/home/9268515 ($1.53M to $2.25M)
https://www.redfin.com/VA/McLean/1310-Calder-Rd-22101/home/9391547 ($2.12M to $2.38M)
https://www.redfin.com/VA/McLean/6514-W-Langley-Ln-22101/home/9392511 ($2.08M to $2.39M)
https://www.redfin.com/VA/McLean/1029-Savile-Ln-22101/home/9282080 ($2.10M to $2.39M)
https://www.redfin.com/VA/McLean/7806-Glenhaven-Ct-22102/home/9830366 ($1.47M to $2.43M)
https://www.redfin.com/VA/McLean/7846-Westmont-Ln-22102/home/9853781 ($2.35M to $2.45M)
https://www.redfin.com/VA/McLean/1303-Kirby-Rd-22101/home/12074797 ($2.23M to $2.45M)
https://www.redfin.com/VA/McLean/7805-Grovemont-Dr-22102/home/9269176 ($2.45M to $2.50M)
https://www.redfin.com/VA/McLean/908-Whann-Ave-22101/home/9275941 ($1.58M to $2.54M)
https://www.redfin.com/VA/McLean/870-Alvermar-Ridge-Dr-22102/home/9832879 ($2.51M to $3.23M)
https://www.redfin.com/VA/McLean/7800-Meritage-Ln-22102/home/12070553 ($2.74M to $3.50M)

https://www.redfin.com/VA/McLean/896-Helga-Pl-22102/home/9274880 ($2.00M to $2.08M)
can you please not include example like 896 helga pl? the value increased 80k after 17 years, a disgrace to mclean real estate

my teardown in mclean increase more than 80k per year

[Anonymous]

Anonymous wrote:

Anonymous wrote:There are many examples of $2M-plus sales over the past year where the most recent sales price exceeded the prior sale price.

https://www.redfin.com/VA/McLean/1487-Evans-Farm-Dr-22101/home/9836668 ($1.74M to $2.00M)
https://www.redfin.com/VA/McLean/896-Helga-Pl-22102/home/9274880 ($2.00M to $2.08M)
https://www.redfin.com/VA/McLean/7216-Farm-Meadow-Ct-22101/home/9838684 ($1.95M to $2.13M)
https://www.redfin.com/VA/McLean/7212-Farm-Meadow-Ct-22101/home/9838682 ($1.98M to $2.15M)
https://www.redfin.com/VA/McLean/7825-Loughran-Rd-22102/home/9832900 ($1.82M to $2.18M)
https://www.redfin.com/VA/McLean/2119-Elliott-Ave-22101/home/9483112 ($2.10M to $2.20M)
https://www.redfin.com/VA/McLean/7704-Carlton-Pl-22102/home/9268515 ($1.53M to $2.25M)
https://www.redfin.com/VA/McLean/1310-Calder-Rd-22101/home/9391547 ($2.12M to $2.38M)
https://www.redfin.com/VA/McLean/6514-W-Langley-Ln-22101/home/9392511 ($2.08M to $2.39M)
https://www.redfin.com/VA/McLean/1029-Savile-Ln-22101/home/9282080 ($2.10M to $2.39M)
https://www.redfin.com/VA/McLean/7806-Glenhaven-Ct-22102/home/9830366 ($1.47M to $2.43M)
https://www.redfin.com/VA/McLean/7846-Westmont-Ln-22102/home/9853781 ($2.35M to $2.45M)
https://www.redfin.com/VA/McLean/1303-Kirby-Rd-22101/home/12074797 ($2.23M to $2.45M)
https://www.redfin.com/VA/McLean/7805-Grovemont-Dr-22102/home/9269176 ($2.45M to $2.50M)
https://www.redfin.com/VA/McLean/908-Whann-Ave-22101/home/9275941 ($1.58M to $2.54M)
https://www.redfin.com/VA/McLean/870-Alvermar-Ridge-Dr-22102/home/9832879 ($2.51M to $3.23M)
https://www.redfin.com/VA/McLean/7800-Meritage-Ln-22102/home/12070553 ($2.74M to $3.50M)

https://www.redfin.com/VA/McLean/896-Helga-Pl-22102/home/9274880 ($2.00M to $2.08M)
can you please not include example like 896 helga pl? the value increased 80k after 17 years, a disgrace to mclean real estate

my teardown in mclean increase more than 80k per year

dig hole in teardown back yard, jump in, and cover to taste

[Anonymous]

Anonymous wrote:

Anonymous wrote:There are many examples of $2M-plus sales over the past year where the most recent sales price exceeded the prior sale price.

https://www.redfin.com/VA/McLean/1487-Evans-Farm-Dr-22101/home/9836668 ($1.74M to $2.00M)
https://www.redfin.com/VA/McLean/896-Helga-Pl-22102/home/9274880 ($2.00M to $2.08M)
https://www.redfin.com/VA/McLean/7216-Farm-Meadow-Ct-22101/home/9838684 ($1.95M to $2.13M)
https://www.redfin.com/VA/McLean/7212-Farm-Meadow-Ct-22101/home/9838682 ($1.98M to $2.15M)
https://www.redfin.com/VA/McLean/7825-Loughran-Rd-22102/home/9832900 ($1.82M to $2.18M)
https://www.redfin.com/VA/McLean/2119-Elliott-Ave-22101/home/9483112 ($2.10M to $2.20M)
https://www.redfin.com/VA/McLean/7704-Carlton-Pl-22102/home/9268515 ($1.53M to $2.25M)
https://www.redfin.com/VA/McLean/1310-Calder-Rd-22101/home/9391547 ($2.12M to $2.38M)
https://www.redfin.com/VA/McLean/6514-W-Langley-Ln-22101/home/9392511 ($2.08M to $2.39M)
https://www.redfin.com/VA/McLean/1029-Savile-Ln-22101/home/9282080 ($2.10M to $2.39M)
https://www.redfin.com/VA/McLean/7806-Glenhaven-Ct-22102/home/9830366 ($1.47M to $2.43M)
https://www.redfin.com/VA/McLean/7846-Westmont-Ln-22102/home/9853781 ($2.35M to $2.45M)
https://www.redfin.com/VA/McLean/1303-Kirby-Rd-22101/home/12074797 ($2.23M to $2.45M)
https://www.redfin.com/VA/McLean/7805-Grovemont-Dr-22102/home/9269176 ($2.45M to $2.50M)
https://www.redfin.com/VA/McLean/908-Whann-Ave-22101/home/9275941 ($1.58M to $2.54M)
https://www.redfin.com/VA/McLean/870-Alvermar-Ridge-Dr-22102/home/9832879 ($2.51M to $3.23M)
https://www.redfin.com/VA/McLean/7800-Meritage-Ln-22102/home/12070553 ($2.74M to $3.50M)

https://www.redfin.com/VA/McLean/896-Helga-Pl-22102/home/9274880 ($2.00M to $2.08M)
can you please not include example like 896 helga pl? the value increased 80k after 17 years, a disgrace to mclean real estate

my teardown in mclean increase more than 80k per year

Wow. The Helga Place house is gorgeous!

Bet they don't have to sell their place to buy another

[Anonymous]

Anonymous wrote:

Anonymous wrote:

Anonymous wrote:There are many examples of $2M-plus sales over the past year where the most recent sales price exceeded the prior sale price.

https://www.redfin.com/VA/McLean/1487-Evans-Farm-Dr-22101/home/9836668 ($1.74M to $2.00M)
https://www.redfin.com/VA/McLean/896-Helga-Pl-22102/home/9274880 ($2.00M to $2.08M)
https://www.redfin.com/VA/McLean/7216-Farm-Meadow-Ct-22101/home/9838684 ($1.95M to $2.13M)
https://www.redfin.com/VA/McLean/7212-Farm-Meadow-Ct-22101/home/9838682 ($1.98M to $2.15M)
https://www.redfin.com/VA/McLean/7825-Loughran-Rd-22102/home/9832900 ($1.82M to $2.18M)
https://www.redfin.com/VA/McLean/2119-Elliott-Ave-22101/home/9483112 ($2.10M to $2.20M)
https://www.redfin.com/VA/McLean/7704-Carlton-Pl-22102/home/9268515 ($1.53M to $2.25M)
https://www.redfin.com/VA/McLean/1310-Calder-Rd-22101/home/9391547 ($2.12M to $2.38M)
https://www.redfin.com/VA/McLean/6514-W-Langley-Ln-22101/home/9392511 ($2.08M to $2.39M)
https://www.redfin.com/VA/McLean/1029-Savile-Ln-22101/home/9282080 ($2.10M to $2.39M)
https://www.redfin.com/VA/McLean/7806-Glenhaven-Ct-22102/home/9830366 ($1.47M to $2.43M)
https://www.redfin.com/VA/McLean/7846-Westmont-Ln-22102/home/9853781 ($2.35M to $2.45M)
https://www.redfin.com/VA/McLean/1303-Kirby-Rd-22101/home/12074797 ($2.23M to $2.45M)
https://www.redfin.com/VA/McLean/7805-Grovemont-Dr-22102/home/9269176 ($2.45M to $2.50M)
https://www.redfin.com/VA/McLean/908-Whann-Ave-22101/home/9275941 ($1.58M to $2.54M)
https://www.redfin.com/VA/McLean/870-Alvermar-Ridge-Dr-22102/home/9832879 ($2.51M to $3.23M)
https://www.redfin.com/VA/McLean/7800-Meritage-Ln-22102/home/12070553 ($2.74M to $3.50M)

https://www.redfin.com/VA/McLean/896-Helga-Pl-22102/home/9274880 ($2.00M to $2.08M)
can you please not include example like 896 helga pl? the value increased 80k after 17 years, a disgrace to mclean real estate

my teardown in mclean increase more than 80k per year

dig hole in teardown back yard, jump in, and cover to taste

Wait I thought the shitshack dwellers in McLean and the new build dwellers got along, unlike in Arlington.
Local

[Anonymous]

Anonymous wrote:

Anonymous wrote:

Anonymous wrote:There are many examples of $2M-plus sales over the past year where the most recent sales price exceeded the prior sale price.

https://www.redfin.com/VA/McLean/1487-Evans-Farm-Dr-22101/home/9836668 ($1.74M to $2.00M)
https://www.redfin.com/VA/McLean/896-Helga-Pl-22102/home/9274880 ($2.00M to $2.08M)
https://www.redfin.com/VA/McLean/7216-Farm-Meadow-Ct-22101/home/9838684 ($1.95M to $2.13M)
https://www.redfin.com/VA/McLean/7212-Farm-Meadow-Ct-22101/home/9838682 ($1.98M to $2.15M)
https://www.redfin.com/VA/McLean/7825-Loughran-Rd-22102/home/9832900 ($1.82M to $2.18M)
https://www.redfin.com/VA/McLean/2119-Elliott-Ave-22101/home/9483112 ($2.10M to $2.20M)
https://www.redfin.com/VA/McLean/7704-Carlton-Pl-22102/home/9268515 ($1.53M to $2.25M)
https://www.redfin.com/VA/McLean/1310-Calder-Rd-22101/home/9391547 ($2.12M to $2.38M)
https://www.redfin.com/VA/McLean/6514-W-Langley-Ln-22101/home/9392511 ($2.08M to $2.39M)
https://www.redfin.com/VA/McLean/1029-Savile-Ln-22101/home/9282080 ($2.10M to $2.39M)
https://www.redfin.com/VA/McLean/7806-Glenhaven-Ct-22102/home/9830366 ($1.47M to $2.43M)
https://www.redfin.com/VA/McLean/7846-Westmont-Ln-22102/home/9853781 ($2.35M to $2.45M)
https://www.redfin.com/VA/McLean/1303-Kirby-Rd-22101/home/12074797 ($2.23M to $2.45M)
https://www.redfin.com/VA/McLean/7805-Grovemont-Dr-22102/home/9269176 ($2.45M to $2.50M)
https://www.redfin.com/VA/McLean/908-Whann-Ave-22101/home/9275941 ($1.58M to $2.54M)
https://www.redfin.com/VA/McLean/870-Alvermar-Ridge-Dr-22102/home/9832879 ($2.51M to $3.23M)
https://www.redfin.com/VA/McLean/7800-Meritage-Ln-22102/home/12070553 ($2.74M to $3.50M)

https://www.redfin.com/VA/McLean/896-Helga-Pl-22102/home/9274880 ($2.00M to $2.08M)
can you please not include example like 896 helga pl? the value increased 80k after 17 years, a disgrace to mclean real estate

my teardown in mclean increase more than 80k per year

Wow. The Helga Place house is gorgeous!

Bet they don't have to sell their place to buy another

I like most of these houses.

[Anonymous]

Anonymous wrote:New homes have no intrinsic character created by good architecture and quality construction.

Lacking this, builders fill new homes with the latest on trend finishes. You By their nature the finishes are dated quickly and fall out of favor fast. After 5-10 years, one is selling a dated box. Buyers prefer the new box with trendy details that will fade fast in favor.

That is silly. Age alone does not automatically bestow character, let alone "intrinsic" character, nor does it automatically come with quality construction or good architecture. Pick any era in the history of mankind, and be 100% that good houses as well as crappy ones have been built during that time. Because of the survivor bias, only good old houses are now left standing, and you're committing a silly novice mistake by assuming that all old houses have "intrinsic" character.

There are tons of new home getting built with good architecture and quality finishes. Just add $10 million to your search price, and you'll see them.

[Anonymous]

Location. McLean is a shitty suburb with zero historical value. It took off in the 70s/80s. There are new homes all of the time--so why bybused.

This is in contrast to beautiful historical neighborhoods like Georgetown, Kalorama or Dupont which have incredible city locations and beautiful old, historical homes.

Who wants a 1969 rambler or 1989s great room house in shitsville?

[Anonymous]

Anonymous wrote:Location. McLean is a shitty suburb with zero historical value. It took off in the 70s/80s. There are new homes all of the time--so why bybused.

This is in contrast to beautiful historical neighborhoods like Georgetown, Kalorama or Dupont which have incredible city locations and beautiful old, historical homes.

Who wants a 1969 rambler or 1989s great room house in shitsville?

exactly, no one would paid $4M for a home like this in mclean, built in 1941
https://www.redfin.com/DC/Washington/3125-Chain-Bridge-Rd-NW-20016/home/9942685

[Anonymous]

Anonymous wrote:

Anonymous wrote:Location. McLean is a shitty suburb with zero historical value. It took off in the 70s/80s. There are new homes all of the time--so why bybused.

This is in contrast to beautiful historical neighborhoods like Georgetown, Kalorama or Dupont which have incredible city locations and beautiful old, historical homes.

Who wants a 1969 rambler or 1989s great room house in shitsville?

exactly, no one would paid $4M for a home like this in mclean, built in 1941
https://www.redfin.com/DC/Washington/3125-Chain-Bridge-Rd-NW-20016/home/9942685

+1. I told my husband that if we won the lottery I wanted to move out of NOVA and in to DC. It's all a big shitty suburb and I live in arguably one of the "nicest" parts - right on the line between Arlington and McLean.

[Anonymous]

Anonymous wrote:

Anonymous wrote:Location. McLean is a shitty suburb with zero historical value. It took off in the 70s/80s. There are new homes all of the time--so why bybused.

This is in contrast to beautiful historical neighborhoods like Georgetown, Kalorama or Dupont which have incredible city locations and beautiful old, historical homes.

Who wants a 1969 rambler or 1989s great room house in shitsville?

exactly, no one would paid $4M for a home like this in mclean, built in 1941
https://www.redfin.com/DC/Washington/3125-Chain-Bridge-Rd-NW-20016/home/9942685

About 25 sales over $4 million in McLean over the past 3 years. Can't say that for many places in the DC area.

[Anonymous]

Anonymous wrote:

Anonymous wrote:

Anonymous wrote:Location. McLean is a shitty suburb with zero historical value. It took off in the 70s/80s. There are new homes all of the time--so why bybused.

This is in contrast to beautiful historical neighborhoods like Georgetown, Kalorama or Dupont which have incredible city locations and beautiful old, historical homes.

Who wants a 1969 rambler or 1989s great room house in shitsville?

exactly, no one would paid $4M for a home like this in mclean, built in 1941
https://www.redfin.com/DC/Washington/3125-Chain-Bridge-Rd-NW-20016/home/9942685

About 25 sales over $4 million in McLean over the past 3 years. Can't say that for many places in the DC area.

how many of that $4 million + houses in mclean were built before 1950? none

[Anonymous]

Anonymous wrote:

Anonymous wrote:

Anonymous wrote:

Anonymous wrote:Location. McLean is a shitty suburb with zero historical value. It took off in the 70s/80s. There are new homes all of the time--so why bybused.

This is in contrast to beautiful historical neighborhoods like Georgetown, Kalorama or Dupont which have incredible city locations and beautiful old, historical homes.

Who wants a 1969 rambler or 1989s great room house in shitsville?

exactly, no one would paid $4M for a home like this in mclean, built in 1941
https://www.redfin.com/DC/Washington/3125-Chain-Bridge-Rd-NW-20016/home/9942685

About 25 sales over $4 million in McLean over the past 3 years. Can't say that for many places in the DC area.

how many of that $4 million + houses in mclean were built before 1950? none

Four, including this one: https://www.redfin.com/VA/McLean/6444-Georgetown-Pike-22101/home/9280546