New listing in Cleveland Park, what do you think?

[Anonymous]

Anonymous wrote:The house hasn't sold yet. Genuinely surprising to me. Maybe the market in Cleveland Park is finally cooling off a bit?

There are a lot fewer buyers at the price point. This is not 2021.

[Anonymous]

Anonymous wrote:The house hasn't sold yet. Genuinely surprising to me. Maybe the market in Cleveland Park is finally cooling off a bit?

$3.4m is really high for this house

[Anonymous]

Anonymous wrote:

Anonymous wrote:Wow, what a disgrace of a kitchen for an over $3 mil house.

Disgrace? Not sure what you think $3M SHOULD get you? Outside of those silly shelves in front of the windows, this kitchen is beautiful. It's light, bright, flows well, not cluttered. I'd love to have that kitchen!

Envy

[Anonymous]

Anonymous wrote:

Anonymous wrote:The house hasn't sold yet. Genuinely surprising to me. Maybe the market in Cleveland Park is finally cooling off a bit?

$3.4m is really high for this house

This would have instantly sold for $3M+ last year. Don’t know about $3.4M, but close to it.

[Anonymous]

WHY would the stairs be painted a dark color? Even with no shoes in the house it's just going to require very frequent cleaning to keep it looking decent. No thanks.

[Anonymous]

Anonymous wrote:

Anonymous wrote:

Anonymous wrote:The house hasn't sold yet. Genuinely surprising to me. Maybe the market in Cleveland Park is finally cooling off a bit?

$3.4m is really high for this house

This would have instantly sold for $3M+ last year. Don’t know about $3.4M, but close to it.

I’m sure they used this comp: https://redf.in/HaPJiL

3.1 million in 2023 for what looks like a similar sized house done by the same developer. Maybe the current listing is in a slightly more expensive neighborhood, but it doesn’t have parking. So it seems like the price may just be too ambitious.

[Anonymous]

Anonymous wrote:

Anonymous wrote:Ugh these realtors are ruining houses by painting them all white.

Since when do realtors paint houses

Realtors tell you to hire someone to paint everything white. Ask me how I know.

[Anonymous]

Anonymous wrote:

Anonymous wrote:

Anonymous wrote:Ugh these realtors are ruining houses by painting them all white.

Since when do realtors paint houses

Realtors tell you to hire someone to paint everything white. Ask me how I know.

No you or PP said "these realtors are ruining houses BY PAINTING THEM ALL WHITE". Where did you go to elem school?

[Anonymous]

Anonymous wrote:

Anonymous wrote:

Anonymous wrote:

Anonymous wrote:The house hasn't sold yet. Genuinely surprising to me. Maybe the market in Cleveland Park is finally cooling off a bit?

$3.4m is really high for this house

This would have instantly sold for $3M+ last year. Don’t know about $3.4M, but close to it.

I’m sure they used this comp: https://redf.in/HaPJiL

3.1 million in 2023 for what looks like a similar sized house done by the same developer. Maybe the current listing is in a slightly more expensive neighborhood, but it doesn’t have parking. So it seems like the price may just be too ambitious.

I think the location makes that a pretty borderline comp. We looked at that house when it was on the market, and it’s really not in a great spot. Something of a dead zone that’s too far from Wisconsin, Connecticut, and the commercial strips. Walkability and public transportation just weren’t good enough. In the core of CP, houses like this used to fly.

[Anonymous]

Anonymous wrote:

Anonymous wrote:

Anonymous wrote:

Anonymous wrote:

Anonymous wrote:The house hasn't sold yet. Genuinely surprising to me. Maybe the market in Cleveland Park is finally cooling off a bit?

$3.4m is really high for this house

This would have instantly sold for $3M+ last year. Don’t know about $3.4M, but close to it.

I’m sure they used this comp: https://redf.in/HaPJiL

3.1 million in 2023 for what looks like a similar sized house done by the same developer. Maybe the current listing is in a slightly more expensive neighborhood, but it doesn’t have parking. So it seems like the price may just be too ambitious.

I think the location makes that a pretty borderline comp. We looked at that house when it was on the market, and it’s really not in a great spot. Something of a dead zone that’s too far from Wisconsin, Connecticut, and the commercial strips. Walkability and public transportation just weren’t good enough. In the core of CP, houses like this used to fly.

They're only about a 10 minute walk from each other. But I guess that what I'm saying - it's possible the one on Woodley (slightly worse location) goes for about the same as the one on 34th Place (more central location). Parking could have something to do with it, but other than parking and location, the homes are pretty similar.

[Anonymous]

Anonymous wrote:

Anonymous wrote:

Anonymous wrote:

Anonymous wrote:Ugh these realtors are ruining houses by painting them all white.

Since when do realtors paint houses

Realtors tell you to hire someone to paint everything white. Ask me how I know.

No you or PP said "these realtors are ruining houses BY PAINTING THEM ALL WHITE". Where did you go to elem school?

Wasn’t me but at least I’m not a troll like you

[Anonymous]

Anonymous wrote:

Anonymous wrote:

Anonymous wrote:

Anonymous wrote:

Anonymous wrote:Ugh these realtors are ruining houses by painting them all white.

Since when do realtors paint houses

Realtors tell you to hire someone to paint everything white. Ask me how I know.

No you or PP said "these realtors are ruining houses BY PAINTING THEM ALL WHITE". Where did you go to elem school?

Wasn’t me but at least I’m not a troll like you

huh? how does my pointing out your error make me a troll? Look up the definition - you'll find it under the section "overused DCUM tropes"

[Anonymous]

Anonymous wrote:

Anonymous wrote:

Anonymous wrote:

Anonymous wrote:

Anonymous wrote:

Anonymous wrote:Ugh these realtors are ruining houses by painting them all white.

Since when do realtors paint houses

Realtors tell you to hire someone to paint everything white. Ask me how I know.

No you or PP said "these realtors are ruining houses BY PAINTING THEM ALL WHITE". Where did you go to elem school?

Wasn’t me but at least I’m not a troll like you

huh? how does my pointing out your error make me a troll? Look up the definition - you'll find it under the section "overused DCUM tropes"

My mama told me don't point out other people's errors. I didn't listen to her so I'm happy to point out your social error.

[Anonymous]

Anonymous wrote:

Anonymous wrote:

Anonymous wrote:

Anonymous wrote:

Anonymous wrote:

Anonymous wrote:The house hasn't sold yet. Genuinely surprising to me. Maybe the market in Cleveland Park is finally cooling off a bit?

$3.4m is really high for this house

This would have instantly sold for $3M+ last year. Don’t know about $3.4M, but close to it.

I’m sure they used this comp: https://redf.in/HaPJiL

3.1 million in 2023 for what looks like a similar sized house done by the same developer. Maybe the current listing is in a slightly more expensive neighborhood, but it doesn’t have parking. So it seems like the price may just be too ambitious.

I think the location makes that a pretty borderline comp. We looked at that house when it was on the market, and it’s really not in a great spot. Something of a dead zone that’s too far from Wisconsin, Connecticut, and the commercial strips. Walkability and public transportation just weren’t good enough. In the core of CP, houses like this used to fly.

They're only about a 10 minute walk from each other. But I guess that what I'm saying - it's possible the one on Woodley (slightly worse location) goes for about the same as the one on 34th Place (more central location). Parking could have something to do with it, but other than parking and location, the homes are pretty similar.

It's an interesting question how much parking affects interest in a CP home. I don't know. Many sell just fine without it, since street parking is plentiful, but presumably some buyers really care. We don't.

As for location, at least for us, this was a really big difference. Living half a mile from anything commercial or good public transportation was a dealbreaker. We knew that we could walk that just fine, but it was long enough that we wouldn't want to and it would be a daily annoyance. In particular, it's the difference between being able to just pop out for groceries or a meal and having to plan a chunk of time around it.

So, at least from this one recent buyer's perspective, the houses really aren't comparable. Maybe other buyers would weigh the parking and location differently.

[Anonymous]

Anonymous wrote:

Anonymous wrote:

Anonymous wrote:

Anonymous wrote:

Anonymous wrote:

Anonymous wrote:

Anonymous wrote:The house hasn't sold yet. Genuinely surprising to me. Maybe the market in Cleveland Park is finally cooling off a bit?

$3.4m is really high for this house

This would have instantly sold for $3M+ last year. Don’t know about $3.4M, but close to it.

I’m sure they used this comp: https://redf.in/HaPJiL

3.1 million in 2023 for what looks like a similar sized house done by the same developer. Maybe the current listing is in a slightly more expensive neighborhood, but it doesn’t have parking. So it seems like the price may just be too ambitious.

I think the location makes that a pretty borderline comp. We looked at that house when it was on the market, and it’s really not in a great spot. Something of a dead zone that’s too far from Wisconsin, Connecticut, and the commercial strips. Walkability and public transportation just weren’t good enough. In the core of CP, houses like this used to fly.

They're only about a 10 minute walk from each other. But I guess that what I'm saying - it's possible the one on Woodley (slightly worse location) goes for about the same as the one on 34th Place (more central location). Parking could have something to do with it, but other than parking and location, the homes are pretty similar.

It's an interesting question how much parking affects interest in a CP home. I don't know. Many sell just fine without it, since street parking is plentiful, but presumably some buyers really care. We don't.

As for location, at least for us, this was a really big difference. Living half a mile from anything commercial or good public transportation was a dealbreaker. We knew that we could walk that just fine, but it was long enough that we wouldn't want to and it would be a daily annoyance. In particular, it's the difference between being able to just pop out for groceries or a meal and having to plan a chunk of time around it.

So, at least from this one recent buyer's perspective, the houses really aren't comparable. Maybe other buyers would weigh the parking and location differently.

PP. Should've said over half a mile. When we looked at that house, it was something like 3/4 mile or a 15 minute walk to Cathedral Commons, the CP Connecticut strip, or the WP Connecticut strip. Again, definitely walkable, but far enough to not really be convenient.