Explain why my neighbor’s house can’t sell

[Anonymous]

Anonymous wrote:As per subject, I live a few houses down on the other side of Philadelphia, and have watched this house go onto the market and not sell twice in the past year:

https://www.redfin.com/MD/Silver-Spring/820-Philadelphia-Ave-20910/home/10953991?2093706699=control&utm_source=ios_share&utm_medium=share&utm_nooverride=1&utm_content=link&utm_campaign=copy_link


Of course, people do not like the busy street. Noted. But it seems like it’s already appropriately discounted for that given neighboring recent sales?

So I’m curious for your thoughts, especially from anyone who might have looked at the house. Basically, we aren’t looking at selling our place any time soon, but whenever we have a convo about what it’s worth, it ends with “but why can’t the yellow house sell???” Slightly related, I’m increasingly annoyed at the state’s tax valuation of my house, given what this place isn’t selling for, and thinking about how we might better contest the valuation the next time it’s re-assessed.

I would want to gut the kitchen and bathrooms (tile..not my taste) first thing.

[Anonymous]

Anonymous wrote:

Anonymous wrote:Is the washer/dryer in the living room?! Strike one
A tiny kitchen in the basement but no external entry for an apartment? And a sauna I’d never use. Plus very chopped up basement. Strike two
Don’t love (or even really like) the kitchen or bathrooms. Strike 3

And a tiny yard to boot.

no washer and dryer in the living room. None.

The washer and dryer are in the humongous great room. Agree that the position is awkward but honestly a lot of houses that are reno'd have the w/d in awkward spots after they're pulled up and out of dingy basements. In this case it wouldn't be a deal-breaker for me. What is a deal-breaker is the awkward layout vis a vis the kitchen.

[Anonymous]

The house appears to have gone under contract today.

[Anonymous]

Anonymous wrote:“For many people, there is simply no price low enough that they'd ever buy on a busy road.”

This is me. House could be half the price but I would not buy it on that busy a road. I detest the idea of living on a busy road or backed right up to it.

Yup, and I live in and like the neighborhood (and drive by here like 3X a week). That is just a terrible intersection and really should be zoned for commercial/school/larger institution where the constant traffic might be a boon not a dealbreaker.

[Anonymous]

Silver spring is the sad version of Bethesda

[Anonymous]

Anonymous wrote:Silver spring is the sad version of Bethesda

Most residents of silver spring would never live in Bethesda. And not bc they can’t afford it.

[Anonymous]

Anonymous wrote:Silver spring is the sad version of Bethesda

Yeah, whatever would SS residents do w/o tacky chain stores and restaurants with crappy food for $30+/plate in downtown Bethesda?

[Anonymous]

It's always the price.

[Anonymous]

The traffic would be a turn off for me and I wouldn't buy near a group house or a condemned house. Sorry, no way, especially for that money and the condition of the house is not bad, but I definitely wouldn't want to live there even if that house was in a really nice street in NW DC.

[Anonymous]

Under contract.

[Anonymous]

Anonymous wrote:Under contract.

Sorry someone saw this thread and said “Get me, fair real estate agent, to that diamond in the rough!”

[Anonymous]

Anonymous wrote:Silver spring is the sad version of Bethesda

okay what?

People actually CHOOSE to live in Silver Spring, specifically this zip code. They would not live in Bethesda if it was the last place on earth.

[Anonymous]

Anonymous wrote:Under contract.

Technically it's Pending, vs Contingent. It totally skipped the "contingent" stage so this house is as good as SOLD.

[Anonymous]

Anonymous wrote:

Anonymous wrote:Silver spring is the sad version of Bethesda

Most residents of silver spring would never live in Bethesda. And not bc they can’t afford it.

I mean that’s one of the main reasons but you do you. That said every resident of Bethesda turned down silver spring, is that why silver spring residents are so bitter about them? What did you think it would be like moving to the discount area with all the poor people? Your own insecurities are showing

[Anonymous]

Anonymous wrote:

Anonymous wrote:Silver spring is the sad version of Bethesda

okay what?

People actually CHOOSE to live in Silver Spring, specifically this zip code. They would not live in Bethesda if it was the last place on earth.

OP go read The Fox and the Crow and realize you are the fox and Bethesda is the grapes