Why isn't this house selling in Purcellville? Home was built in 2020

[Anonymous]

It’s better to be closer to Purcellville and on the Leesburg side for commuting and shopping. That extra 5-10 minutes makes a difference.

[Anonymous]

I don’t get the people saying the fixtures are cheap. The bathrooms seem nice with the quartz countertops and the kitchen seems very normal for 2020 build to me. It’s nothing insane but it’s nicer than my kitchen now in my 1968 split level in Vienna.

The OP said that they have a budget of 1.5 and the house is listed at 1.2. Even if they got for asking price they would have at least 200k to spend upgrading/adding any features they want.

The screened in porch in the back is so nice to me. At the end of the day the sellers are delusional for trying to get 1.2 when they purchased the house for 1mil in 2021. The only improvement they made was the screened in porch and deck. If they priced the house at 1.05 it would sell easily.

[Anonymous]

Anonymous wrote:

Anonymous wrote:That's a lot of money ... for living someplace I've never heard of

I am embarrassed for you.

Who hasn’t heard of Purcellville? It’s pretty coveted.

NP: This house is more than 4000 sq. feet, on 3 acres, is $288/sq. foot, and the general consensus is that it's overpriced. In this area, that's far from coveted. In fact, it's a steal (other than the fact that it's in West Bumble F).

[Anonymous]

Anonymous wrote:

Anonymous wrote:

Anonymous wrote:That's a lot of money ... for living someplace I've never heard of

I am embarrassed for you.

Who hasn’t heard of Purcellville? It’s pretty coveted.

NP: This house is more than 4000 sq. feet, on 3 acres, is $288/sq. foot, and the general consensus is that it's overpriced. In this area, that's far from coveted. In fact, it's a steal (other than the fact that it's in West Bumble F).

Shows a lot of ignorance. A ton of people with more money than you want to live in that area.

This specific house, for many reasons, just isn’t a good one.

[Anonymous]

Anonymous wrote:

Anonymous wrote:

Anonymous wrote:

Anonymous wrote:That's a lot of money ... for living someplace I've never heard of

I am embarrassed for you.

Who hasn’t heard of Purcellville? It’s pretty coveted.

NP: This house is more than 4000 sq. feet, on 3 acres, is $288/sq. foot, and the general consensus is that it's overpriced. In this area, that's far from coveted. In fact, it's a steal (other than the fact that it's in West Bumble F).

Shows a lot of ignorance. A ton of people with more money than you want to live in that area.

This specific house, for many reasons, just isn’t a good one.

I'm sure they do. But that really has nothing to do with the point. How "coveted" an area is can be determined by the price of housing - supply and demand. The more people want to live somewhere, the more "coveted" it is, and the higher housing prices are. Since all houses are different, the only objective way to assess housing prices is price per sq. foot. And coming full circle, is $288/sq foot is too high a price, the area just isn't that "coveted." I suppose, this could be an anomaly - that the price per square foot could be double or triple what this house is going for. But based on others comments here, I doubt it.

I'm sorry the math doesn't support your preconceived notions, but here we are.

[Anonymous]

Anonymous wrote:

Anonymous wrote:Unfinished basement, no bathtub in the master bedroom. Most homes built during that time period out there have 3-car garages. This one does not.

I get that 3 acres is a lot of maintenance as a PP pointed out, although almost half the lot seems to have trees on it. So it looks less cumbersome to deal with than other lots.

Facade of the home is pretty and the interior is nice.

It's the price. A house sold a few months ago in Waterford for the same price and it had a finished basement/tub in master bath.

House is probably worth 100k-150k less than what it's priced for.

tubs in master baths are outdated. no one uses them or wants them.

This is not an accurate statement.

[Anonymous]

OP: Any restrictions regarding fencing around the perimeter of the property ?

[Anonymous]

Anonymous wrote:I don’t get the people saying the fixtures are cheap. The bathrooms seem nice with the quartz countertops and the kitchen seems very normal for 2020 build to me. It’s nothing insane but it’s nicer than my kitchen now in my 1968 split level in Vienna.

The OP said that they have a budget of 1.5 and the house is listed at 1.2. Even if they got for asking price they would have at least 200k to spend upgrading/adding any features they want.

The screened in porch in the back is so nice to me. At the end of the day the sellers are delusional for trying to get 1.2 when they purchased the house for 1mil in 2021. The only improvement they made was the screened in porch and deck. If they priced the house at 1.05 it would sell easily.

For a 1+ million house I'd expect a nicer kitchen. The fixtures and kitchen/bath in this house is nothing special and that is the point. They're basic and functional. Quartz is just yesterday's laminate, basic quartz isn't expensive. The kitchen and baths aren not ugly, but if you wanted to buy 1.2 way out in Loudoun at least I'd expect much nicer and higher quality finishes as a compensation. This is just meh.

I glanced at redfin and most comparably priced listings in the area are new builds, and this house has to compete with a new build. And I did spot this:
https://www.redfin.com/VA/Purcellville/18191-Barrow-Knoll-Ln-20132/home/12077199 where the kitchen is only slightly nicer but the visual appeal is definitely a step up. And it's asking sub $1M. You may not get the three acres but who really wants three freakin' acres to maintain.

[Anonymous]

Anonymous wrote:

Anonymous wrote:

Anonymous wrote:

Anonymous wrote:

Anonymous wrote:That's a lot of money ... for living someplace I've never heard of

I am embarrassed for you.

Who hasn’t heard of Purcellville? It’s pretty coveted.

NP: This house is more than 4000 sq. feet, on 3 acres, is $288/sq. foot, and the general consensus is that it's overpriced. In this area, that's far from coveted. In fact, it's a steal (other than the fact that it's in West Bumble F).

Shows a lot of ignorance. A ton of people with more money than you want to live in that area.

This specific house, for many reasons, just isn’t a good one.

I'm sure they do. But that really has nothing to do with the point. How "coveted" an area is can be determined by the price of housing - supply and demand. The more people want to live somewhere, the more "coveted" it is, and the higher housing prices are. Since all houses are different, the only objective way to assess housing prices is price per sq. foot. And coming full circle, is $288/sq foot is too high a price, the area just isn't that "coveted." I suppose, this could be an anomaly - that the price per square foot could be double or triple what this house is going for. But based on others comments here, I doubt it.

I'm sorry the math doesn't support your preconceived notions, but here we are.

You know nothing of the real estate market there.

[Anonymous]

The house is nice, just overpriced. Area is coveted but not "hot" enough to warrant people willing to get ripped off to go for it like the market back in 2021.

Purcellville is a lovely community, although not for everyone.

[Anonymous]

Anonymous wrote:

Anonymous wrote:

Anonymous wrote:

Anonymous wrote:

Anonymous wrote:

Anonymous wrote:That's a lot of money ... for living someplace I've never heard of

I am embarrassed for you.

Who hasn’t heard of Purcellville? It’s pretty coveted.

NP: This house is more than 4000 sq. feet, on 3 acres, is $288/sq. foot, and the general consensus is that it's overpriced. In this area, that's far from coveted. In fact, it's a steal (other than the fact that it's in West Bumble F).

Shows a lot of ignorance. A ton of people with more money than you want to live in that area.

This specific house, for many reasons, just isn’t a good one.

I'm sure they do. But that really has nothing to do with the point. How "coveted" an area is can be determined by the price of housing - supply and demand. The more people want to live somewhere, the more "coveted" it is, and the higher housing prices are. Since all houses are different, the only objective way to assess housing prices is price per sq. foot. And coming full circle, is $288/sq foot is too high a price, the area just isn't that "coveted." I suppose, this could be an anomaly - that the price per square foot could be double or triple what this house is going for. But based on others comments here, I doubt it.

I'm sorry the math doesn't support your preconceived notions, but here we are.

You know nothing of the real estate market there.

Well, please enlighten me. What are the typical prices per square foot? Otherwise, you're the equivalent of a toddler insisting she is right, without any basis for it/

[Anonymous]

Anonymous wrote:The house is nice, just overpriced. Area is coveted but not "hot" enough to warrant people willing to get ripped off to go for it like the market back in 2021.

Purcellville is a lovely community, although not for everyone.

Who is it not for? Minorities?

[Anonymous]

I'm always wary of homes being put on the market 2 years after it was last bought. Why is that? Owners are moving?

Secondly, it's a nice home. A little too much gray for my tastes, $1.2 million and you're giving me LG appliances, meh. It's the price, it's probably worth what they paid for 2 years ago but sellers probably aren't going to make money off of it.

[Anonymous]

1.2 million with an unfinished basement?

[Anonymous]

Anonymous wrote:

Anonymous wrote:The house is nice, just overpriced. Area is coveted but not "hot" enough to warrant people willing to get ripped off to go for it like the market back in 2021.

Purcellville is a lovely community, although not for everyone.

Who is it not for? Minorities?

Too far out. Not everyone wants to live in exurbia and have to drive everywhere.