Poll: is new construction in Vienna overpriced?

[Anonymous]

Anonymous wrote:

Anonymous wrote:

Anonymous wrote:OK, I'll take the troll bait...

I live in a tiny old condo "close-in" and would I take this house if someone handed it over to me? Obviously. Would I buy it even if I could? No. I do love the inside space, but I do prefer older brick or stone homes and older neighborhoods. It's how I was raised and what I prefer. I just find these neighborhoods lacking character.

I just find you superficial.

Actually I'm the exact opposite. I'm willing to sacrifice brand new and "high end" finishes for a location that suits me and feel that suits me.

If you look up that home on Google maps, it is totally out of character with the rest of the street and looks silly, unless the entire block has been completely torn down and rebuilt since the mapping was done.

Superficial and unduly impressed with yourself, too? Great combination. It would suit me to live far, far away from you.

[Anonymous]

This is house is nice on the inside, the outside design is terrible! Those two dormers look so out of place.

[Anonymous]

Anonymous wrote:

Anonymous wrote:
This reminds me of the thread about VA parents in DC schools and new money.

This thread proves it all.

VA = the ostentatious new-build show-off culture.

It seems you need to take a field trip to Foxhall and the Palisades, followed by Bethesda and Potomac.

Try as it might, there is virtually nothing in VA as show-offy and ostentatious as what you'll find there.

LOL

[Anonymous]

If this house were dropped somewhere in Mclean inside beltway, it would go for close to 2 mil. There is one very similar to this one that sold in my neighborhood for over 2 mil. I think this price range for Vienna is reasonable. At least on the inside this home does look like a million dollar home. Agree about the hideous backyard and back side of the house, definitely needs hardcore landscaping and some deck/porch to spruce it up.

[Anonymous]

Anonymous wrote:If this house were dropped somewhere in Mclean inside beltway, it would go for close to 2 mil. There is one very similar to this one that sold in my neighborhood for over 2 mil. I think this price range for Vienna is reasonable. At least on the inside this home does look like a million dollar home. Agree about the hideous backyard and back side of the house, definitely needs hardcore landscaping and some deck/porch to spruce it up.

I don't see a $1.1M house in Vienna going for close to $2M in McLean. I'd be thinking more like $1.55M there, and $1.35M in Falls Church/22043.

It's a nice house with plenty to offer a family, but also just enough odd/cheap features to pull the price down. The dormers and the lack of a porch or deck are two examples.

[Anonymous]

OP, how much are you able to pay? $200k?

I mean really. New houses are not for everyone. Clearly there is a huge rift in the haves vs. the have nots around here, but what are you going to do? You have to do better for yourself. No one is going to give you anything.

[Anonymous]

Anonymous wrote:

Anonymous wrote:If this house were dropped somewhere in Mclean inside beltway, it would go for close to 2 mil. There is one very similar to this one that sold in my neighborhood for over 2 mil. I think this price range for Vienna is reasonable. At least on the inside this home does look like a million dollar home. Agree about the hideous backyard and back side of the house, definitely needs hardcore landscaping and some deck/porch to spruce it up.

I don't see a $1.1M house in Vienna going for close to $2M in McLean. I'd be thinking more like $1.55M there, and $1.35M in Falls Church/22043.

It's a nice house with plenty to offer a family, but also just enough odd/cheap features to pull the price down. The dormers and the lack of a porch or deck are two examples.

so you value a deck at 200k

[Anonymous]

OP here... how much can I pay? I could probably afford up to $1.3M, but that will mean sacrificing things like vacation, getting smaller Christmas gifts for my nieces and nephews. We're generally frugal (wife and I have been driving same car for 10 years), so i have saved alot of money over the years.

But I'd rather pay closer to $1 million for a new contruction. I'm just worried that these houses have hit their limit in terms of appreciation. I'm originally from New York, and these prices around are starting to look like New York prices.

[Anonymous]

Anonymous wrote:OP here... how much can I pay? I could probably afford up to $1.3M, but that will mean sacrificing things like vacation, getting smaller Christmas gifts for my nieces and nephews. We're generally frugal (wife and I have been driving same car for 10 years), so i have saved alot of money over the years.

But I'd rather pay closer to $1 million for a new contruction. I'm just worried that these houses have hit their limit in terms of appreciation. I'm originally from New York, and these prices around are starting to look like New York prices.

what about N Arlington where you pay 1 million for a dump are you concerned about that too?

[Anonymous]

to 13:02, haha, no I don't want to live in a dumpy place for $1 million... That's why i moved out of New York City!

[Anonymous]

Anonymous wrote:to 13:02, haha, no I don't want to live in a dumpy place for $1 million... That's why i moved out of New York City!

Then you need to keep driving south, LOL. DC isn't going to give you much relief. The burbs of NYC are not more expensive than the burbs of DC these days.

[Anonymous]

Anonymous wrote:

Anonymous wrote:to 13:02, haha, no I don't want to live in a dumpy place for $1 million... That's why i moved out of New York City!

Then you need to keep driving south, LOL. DC isn't going to give you much relief. The burbs of NYC are not more expensive than the burbs of DC these days.

They are when you factor in the taxes.

[Anonymous]

Anonymous wrote:

Anonymous wrote:If this house were dropped somewhere in Mclean inside beltway, it would go for close to 2 mil. There is one very similar to this one that sold in my neighborhood for over 2 mil. I think this price range for Vienna is reasonable. At least on the inside this home does look like a million dollar home. Agree about the hideous backyard and back side of the house, definitely needs hardcore landscaping and some deck/porch to spruce it up.

I don't see a $1.1M house in Vienna going for close to $2M in McLean. I'd be thinking more like $1.55M there, and $1.35M in Falls Church/22043.

It's a nice house with plenty to offer a family, but also just enough odd/cheap features to pull the price down. The dormers and the lack of a porch or deck are two examples.

http://www.redfin.com/VA/Mclean/1407-Julia-Ave-22101/home/40422367
similar in size of the house and the lot. It was listed for 2 mil from what I remember.

http://www.zillow.com/homedetails/6520-Topeka-Rd-Mclean-VA-22101/51752472_zpid/

this one I think also sold, but not sure, haven't been there recently.

The cheapest new construction homes around that area I've seen are 1.6 mil and they are smaller than the Vienna house, under 5000 sq.ft.

Given how much new construction costs in closer-in areas and reading the threads on 900K homes in Chantilly, I don't think it is overpriced. Maybe a few years ago, but in today's market, definitely not.

[Anonymous]

Agree, I live in NW DC, but I chose an updated condo loft. I hate those eyesores inside the beltway. All should be torn down. DCUM posters insecurities are so annoying.

[Anonymous]

Anonymous wrote:

Anonymous wrote:

Anonymous wrote:If this house were dropped somewhere in Mclean inside beltway, it would go for close to 2 mil. There is one very similar to this one that sold in my neighborhood for over 2 mil. I think this price range for Vienna is reasonable. At least on the inside this home does look like a million dollar home. Agree about the hideous backyard and back side of the house, definitely needs hardcore landscaping and some deck/porch to spruce it up.

I don't see a $1.1M house in Vienna going for close to $2M in McLean. I'd be thinking more like $1.55M there, and $1.35M in Falls Church/22043.

It's a nice house with plenty to offer a family, but also just enough odd/cheap features to pull the price down. The dormers and the lack of a porch or deck are two examples.

http://www.redfin.com/VA/Mclean/1407-Julia-Ave-22101/home/40422367
similar in size of the house and the lot. It was listed for 2 mil from what I remember.

http://www.zillow.com/homedetails/6520-Topeka-Rd-Mclean-VA-22101/51752472_zpid/

this one I think also sold, but not sure, haven't been there recently.

The cheapest new construction homes around that area I've seen are 1.6 mil and they are smaller than the Vienna house, under 5000 sq.ft.

Given how much new construction costs in closer-in areas and reading the threads on 900K homes in Chantilly, I don't think it is overpriced. Maybe a few years ago, but in today's market, definitely not.

First house sold, second is under contract, and both are nicer than the Vienna house near 66. They would get listed for around $1.5 or $1.6M in Vienna, like some of the Ayr Hill homes.

I don't think the Vienna house is overpriced in the current market, just that the price differential between Vienna and McLean isn't as big as some have suggested.