$1 million- Twinbrook (20851)

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[Post New]09/22/2022 16:17
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Anonymous
Anonymous wrote:They over improved it for the area, especially for the street. The comps absolutely will NOT support a price even remotely close to $1M. You would need an all-cash buyer, and all-cash is not looking in this neighborhood. It is a solidly working class neighborhood, that likely wants to remain that way (nothing wrong with that).

Max this house will sell for is $650K. Maybe in Q1 it would have sold for $700K, maybe.


This aged well
[Post New]09/22/2022 16:34
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Anonymous
Anonymous wrote:This is the definition of overbuilding. There was a house in Rockville a while back where they were asking something like $1.5-2M even though homes in the neighborhood are $600-800k.

Homes in Twinbrook are $350-500k. Massively overbuilding in the location. They will have to eat tremendous sunk cost to sell that thing. Schools in Twinbrook are bad.

Location wise Twinbrook is fantastic though.



Okay
[Post New]09/22/2022 16:35
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Anonymous
Anonymous wrote:
Anonymous wrote:Closed for $1.2 mil, $101k over ask.


That’s crazy

It is! I own two houses in the neighborhood that I rent out so I am a fan, but JFC.
[Post New]09/22/2022 16:47
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Anonymous
Those buyers are going to be stuck with that house for a long time. Oh well, I guess you have to live somewhere!
[Post New]09/22/2022 20:43
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Anonymous
A bidding war too? $100k over? Yikes!
[Post New]09/22/2022 23:38
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Anonymous
Have the buyers lost their minds?
[Post New]05/16/2023 09:49
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Anonymous
SOLD
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