What do we think? Friday in AU Park Edition ($1.575k)

[Anonymous]

What do we think of this house in AU Park listed at $1,575,000?

https://www.redfin.com/DC/Washington/4500-Chesapeake-St-NW-20016/home/9948673

[Anonymous]

Nice house, over priced by $200K...its AU Park NOT Spring Valley.

[Anonymous]

Very nice.

[Anonymous]

Very nice but the price is too high. I agree that it is about 200k over.

[Anonymous]

Small kitchen.

[Anonymous]

Awesome porch!

No garage acceptable at this location/price point?

[Anonymous]

Nice house. Maybe 100k over. Not 200 k over
like other posters are saying. Houses in AU
Park have been selling at crazy prices and it is
tough to find a big house.

[Anonymous]

Anonymous wrote:Nice house, over priced by $200K...its AU Park NOT Spring Valley.

That should be a plus. No munitions issues in that part of AU Park.

[Anonymous]

Anonymous wrote:Nice house. Maybe 100k over. Not 200 k over
like other posters are saying. Houses in AU
Park have been selling at crazy prices and it is
tough to find a big house.

Well I hope you are right - I'm on a corner lot in AU with a similar bed/ba count with a more recent renovation. I will be watching of course! (But, I think it is more than 100 over.)

[Anonymous]

Anonymous wrote:Nice house. Maybe 100k over. Not 200 k over
like other posters are saying. Houses in AU
Park have been selling at crazy prices and it is
tough to find a big house.

It's not that big. Very small kitchen - very few cabinets and not much counter space. Plus no parking. Definitely $200k over.

[Anonymous]

It's lovely but no garage and at this price point it's going to be sitting there a while. Houses above $1.2 take a lot longer to sell in AU Park. Anything decent under $1mil seems to be a blood bath-13+ bids, no contingencies, no warranties but $1.1mil seems to be the breaking point for this nabe.

[Anonymous]

Anonymous wrote:It's lovely but no garage and at this price point it's going to be sitting there a while. Houses above $1.2 take a lot longer to sell in AU Park. Anything decent under $1mil seems to be a blood bath-13+ bids, no contingencies, no warranties but $1.1mil seems to be the breaking point for this nabe.

I agree - while expensive houses are sold in AU Park, the market over 1M$ is not as fast moving as the under 1M$. I also noticed when I drove by this house that it is a FSBO, which might be why it's priced so high. Owners tend to over value their properties.

[Anonymous]

I love the decorating!

[Anonymous]

Anonymous wrote:

Anonymous wrote:It's lovely but no garage and at this price point it's going to be sitting there a while. Houses above $1.2 take a lot longer to sell in AU Park. Anything decent under $1mil seems to be a blood bath-13+ bids, no contingencies, no warranties but $1.1mil seems to be the breaking point for this nabe.

I agree - while expensive houses are sold in AU Park, the market over 1M$ is not as fast moving as the under 1M$. I also noticed when I drove by this house that it is a FSBO, which might be why it's priced so high. Owners tend to over value their properties.

Isn't the market over 1M slower everywhere? This doesn't seem specific to AU Park.

[Anonymous]

Anonymous wrote:

Anonymous wrote:

Anonymous wrote:It's lovely but no garage and at this price point it's going to be sitting there a while. Houses above $1.2 take a lot longer to sell in AU Park. Anything decent under $1mil seems to be a blood bath-13+ bids, no contingencies, no warranties but $1.1mil seems to be the breaking point for this nabe.

I agree - while expensive houses are sold in AU Park, the market over 1M$ is not as fast moving as the under 1M$. I also noticed when I drove by this house that it is a FSBO, which might be why it's priced so high. Owners tend to over value their properties.

Isn't the market over 1M slower everywhere? This doesn't seem specific to AU Park.

in NWDC things over $1m go fast - I think you need to get to $2 m before things start slowing down, sadly.