Overpriced in Alexandria?
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Anonymous
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For anyone familiar with this Alexandria location, doesn't this house seem overpriced? What am I missing?
http://www.redfin.com/VA/Alexandria/7116-Park-Terrace-Dr-22307/home/9796156 |
Anonymous
| Nope. Houses on that street sell in that range. |
Anonymous
| Way overpriced. Ugly and bad schools. |
Anonymous
| Def over priced. Bad schools and outdated. |
Anonymous
Huh? Belle View is a good school. |
Anonymous
| It's a cute house, but I wouldn't pay 900k for it. |
Anonymous
| It's a nice, well established neighborhood with big lots and many views of the river. That said, the realtor has a monopoly on the neighborhood and lives there herself. She works to keep the prices high. I.e., a house will sit on the market for awhile before the price is lowered. I've seen some sellers there put in a lot of work before listing (thus raising the neighborhood comps). |
Anonymous
| PP here. I guess I should not attribute it all to the realtor. I think because the hood is so well established, the residents are not desperate to sell when they do list. They seem older, so I assume no mortgage, minimal carrying costs, etc. they can price accordingly (yes, I bid and did not get the house.) |
Anonymous
Yes, it is but your child will not be eternally in elementary school will they? Of course, none of this matters if you can pay for private but the house is definitely outdated. |
Anonymous
| Check the comps for this street. They are all in this range. |
Anonymous
Are there any kids in this neighborhood? |
Anonymous
|
belleview is not that great and the rest if even poorer
Most affluent people in this area do private |
Anonymous
| Great build quality. The house was built by gene may---- he built evermay in McLean and was known for building houses that never fall apart. It would take almost a year and a half to finish one of his houses bc they were built with brick and block. 900k is a steal for any gene may house. |
Anonymous
| I think if there was paint on the walls, different window treatments and a few newer light fixtures, you may not think it's overpriced. That house (from what I can tell in the photos) seems to have nice bones and is a great blank slate for someone who can see what it can be. I don't think it would take all that much more money either. |
Anonymous
Just so you know, that's in the Fairfax County section of Alexandria. Most people generally associate "Alexandria City" when they hear Alexandria mentioned in terms of real estate. |