Gorgeous gigantic town home in Gaithersburg for 1.5 M. Puzzled.

[Anonymous]

Anonymous wrote:

Anonymous wrote:

Anonymous wrote:But if this was in DC with terrible schools you would not wonder why?

DC is different, everybody works in DC so that is major pro. Gaithersburg does not support jobs to buy 1.5 mil homes and commute is a bitch.

No. Everybody does not work in DC. Most people don't work in DC.

This is true. If you are buying a million dollar townhouse in Gaithersburg, you're likely not going to be commuting to DC for work. I know a Dr who works at a nearby hospital in that area who lives in one of these townhouses. Yes, there are jobs nearby that can support ones ability to buy a 1.5 million home. We aren't in the middle of nowhere.

[Anonymous]

Anonymous wrote:

Anonymous wrote:

Anonymous wrote:But if this was in DC with terrible schools you would not wonder why?

DC is different, everybody works in DC so that is major pro. Gaithersburg does not support jobs to buy 1.5 mil homes and commute is a bitch.

No. Everybody does not work in DC. Most people don't work in DC.

Sure, there is NY, LA, Chicago, etc. But if we are talking this area, DC is the major job center.

[Anonymous]

Anonymous wrote:

Anonymous wrote:

Anonymous wrote:

Anonymous wrote:But if this was in DC with terrible schools you would not wonder why?

DC is different, everybody works in DC so that is major pro. Gaithersburg does not support jobs to buy 1.5 mil homes and commute is a bitch.

No. Everybody does not work in DC. Most people don't work in DC.

This is true. If you are buying a million dollar townhouse in Gaithersburg, you're likely not going to be commuting to DC for work. I know a Dr who works at a nearby hospital in that area who lives in one of these townhouses. Yes, there are jobs nearby that can support ones ability to buy a 1.5 million home. We aren't in the middle of nowhere.

You have doctors all the way in gaithersburg.

[Anonymous]

Anonymous wrote:

Anonymous wrote:

Anonymous wrote:

Anonymous wrote:But if this was in DC with terrible schools you would not wonder why?

DC is different, everybody works in DC so that is major pro. Gaithersburg does not support jobs to buy 1.5 mil homes and commute is a bitch.

No. Everybody does not work in DC. Most people don't work in DC.

Sure, there is NY, LA, Chicago, etc. But if we are talking this area, DC is the major job center.

It might be a "major job center"... for example DC has lots of bartenders and waitresses compared to Gaithersburg.

But most people do not work in DC. Most people actually work in the burbs.

Actually most biomedical engineers don't work in DC.

[Anonymous]

Very centralized location close proximity to the 270 tech corridor, also lots of amenities walkable.

[Anonymous]

Anonymous wrote:

Anonymous wrote:If your assumptions are right the price will start dropping.
The market will tell you soon.

How much it can drop on 1.5 M home? it can not drop too much.

If there is no demand the builder could abandon the high end townhouses and make more
$700k -800k townhouses.

[Anonymous]

Anonymous wrote:

Anonymous wrote:The house near it sold for 2.9 million in 2016:

https://www.zillow.com/homedetails/424-Salk-Cir-Gaithersburg-MD-20878/119331534_zpid/

The schools are rated 3, 5, 5. Very odd.

Are you sure that's a house? The pic in that listing is of a dumpster and a pile of dirt. It isurrounded by truly fugly McMansions on tiny lots!

The $2.9 million figure is for the parcel of land on which they’re building all the new townhouses.

[Anonymous]

no idea. I think this is the link.
https://www.zillow.com/homes/for_sale/Gaithersburg-MD/2087605477_zpid/45383_rid/0-2000000_price/0-7930_mp/39.170263,-77.065316,39.100758,-77.35817_rect/11_zm/1_fr/?

[Anonymous]

Those homes are gorgeous. Absolutely fabulous. Imagine owning one in NYC, Manhattan. A brownstone of this size would go for 25 000 000 easily. It is beautiful space. Crown is an amazing area and it is happening. It sits on 270 so it is easy commute. I would love to own one of them if I could only afford them. Much rather then a crappy 2 bedroom in Bethesda for the same price, easy choice, just 10 minutes extra drive on 270? Anytime. Just gimme money.

[Anonymous]

People are so concerned about amazon coming to Arlington and how this will hike the prices. Gaithersburg is in the tech corridor surrounded and infested with High Tech IT companies and Bio Med companies with higher salaries then the amazon's averages. There is tons of people who can afford homes like that there. TONS.

[Anonymous]

Anonymous wrote:

Anonymous wrote:But if this was in DC with terrible schools you would not wonder why?

DC is different, everybody works in DC so that is major pro. Gaithersburg does not support jobs to buy 1.5 mil homes and commute is a bitch.

There's a decent amount of biotech and engineering jobs around there.

[Anonymous]

Anonymous wrote:

Anonymous wrote:

Anonymous wrote:

Anonymous wrote:But if this was in DC with terrible schools you would not wonder why?

DC is different, everybody works in DC so that is major pro. Gaithersburg does not support jobs to buy 1.5 mil homes and commute is a bitch.

No. Everybody does not work in DC. Most people don't work in DC.

Sure, there is NY, LA, Chicago, etc. But if we are talking this area, DC is the major job center.

Not really.

[Anonymous]

Anonymous wrote:Those homes are gorgeous. Absolutely fabulous. Imagine owning one in NYC, Manhattan. A brownstone of this size would go for 25 000 000 easily. It is beautiful space. Crown is an amazing area and it is happening. It sits on 270 so it is easy commute. I would love to own one of them if I could only afford them. Much rather then a crappy 2 bedroom in Bethesda for the same price, easy choice, just 10 minutes extra drive on 270? Anytime. Just gimme money.

Except if you have kids, because the Crown schools suck. So now you're shelling out more $$ for private plus someone to drive your kid there.
Also who is going to walk across Fields Rd to get to the Rio shopping? Most will drive. So you really own have those few restaurants that exist in Crown, plus the minimal shopping (Sephora, LuLu) to walk to. Not exactly 'buzzing' like PP seems to think.

[Anonymous]

Anonymous wrote:

Anonymous wrote:Crown is awesome. It's always buzzing.

Yest, it is a nice place to live if you work nearby and have no kids.

BINGO!

[Anonymous]

Uh, that's not Georgetown.