[MD] Bethesda - What will this Glen Echo Heights house ultimately sell for?

[Anonymous]

Got pulled off, then went back on the market last week!

New photos and staging, but no price drop (Still asking $1.499 million after buying it for $1.43 m in 2013)

https://www.redfin.com/MD/Bethesda/5-Wyoming-Ct-20816/home/10648563

[Anonymous]

Anonymous wrote:Got pulled off, then went back on the market last week!

New photos and staging, but no price drop (Still asking $1.499 million after buying it for $1.43 m in 2013)

https://www.redfin.com/MD/Bethesda/5-Wyoming-Ct-20816/home/10648563

I just don't see this happening at this price point. It's a nice house badly situated. Can't get away from that.

[Anonymous]

Nice house with no space behind it - that's a big problem. For this price tag I would expect more of a yard than a rabbit run.

Also the front porch looks narrow, and I'd expect with a house this size for it to be wider.

So I have no idea what it will go for. It will go for the price someone is willing to offer and the seller is willing to accept.

[Anonymous]

They are selling it based on the fact that, yes, it is a nice house and it is in Glen Echo Heights, immediate drawbacks aside. Whether or not it is worth the asking price is debatable.

[Anonymous]

Anonymous wrote:They are selling it based on the fact that, yes, it is a nice house and it is in Glen Echo Heights, immediate drawbacks aside. Whether or not it is worth the asking price is debatable.

Well since it's been on and off the market for a few months at the current asking price of $1.499 million, I'd say the market has already spoken about whether the house is worth the asking price. Barring the arrival of some sucker, of course......

[Anonymous]

Saw this house and also turned off by no backyard, and the houses on the street are incredibly close together. The house next door is decrepit. Apparently the lady next door just passed away so now her family will sell the house, and it will likely be a tear-down. It was a nice house inside, but 1.5 seems too much.

[Anonymous]

Anonymous wrote:Saw this house and also turned off by no backyard, and the houses on the street are incredibly close together. The house next door is decrepit. Apparently the lady next door just passed away so now her family will sell the house, and it will likely be a tear-down. It was a nice house inside, but 1.5 seems too much.

So it means that the house next door will be torn down and replaced. How big is the lot? And what is behind the house?

[Anonymous]

No idea, the house next store looked small and I'm guessing had a small backyard too.

[Anonymous]

I just think it's a bad lot. For that price, I would know I could do much better. Even in Glen Echo.

[Anonymous]

I toured this house and really liked it. The yard is just too small for our needs.

[Anonymous]

Anonymous wrote:I toured this house and really liked it. The yard is just too small for our needs.

If someone were so inclined, they could buy the abandoned house next door from the family (they are prepping to sell it) and create an expanded back/side yard.

[Anonymous]

Anonymous wrote:

Anonymous wrote:I toured this house and really liked it. The yard is just too small for our needs.

If someone were so inclined, they could buy the abandoned house next door from the family (they are prepping to sell it) and create an expanded back/side yard.

That someone would need to have well over $2 million to spend and would do better buying new construction.

[Anonymous]

Anonymous wrote:I have toured the house. It is really quite beautiful inside with nice finishes. It is different than some of the other larger homes in Glen Echo Heights and Mohican Hills in that it isn't cavernous with lots of dead space. Having said that, I agree. It started way too high. My guess is that it will go for 1.35 to 1.45. A beautiful neighborhood but there seems to be an abandoned small house next door that is practically falling over. Somewhat typical for the neighborhood--beautiful homes next to wrecks.

Avoid this situation if at all possible.

[Anonymous]

Anonymous wrote:No idea, the house next store looked small and I'm guessing had a small backyard too.

+1

[Anonymous]

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Anonymous wrote:I have toured the house. It is really quite beautiful inside with nice finishes. It is different than some of the other larger homes in Glen Echo Heights and Mohican Hills in that it isn't cavernous with lots of dead space. Having said that, I agree. It started way too high. My guess is that it will go for 1.35 to 1.45. A beautiful neighborhood but there seems to be an abandoned small house next door that is practically falling over. Somewhat typical for the neighborhood--beautiful homes next to wrecks.

Next to 3/4 of a million dollar wrecks waiting to be flipped

True enough. The difficulty is getting the owners to part with the properties even when no longer lived in. I've heard that is a bit of an issue in Glen Echo Heights.

It is semi prolific with NIMBYs. My fav two are of the old grocery store at the bottom of Walhonding and MacArthur can no longer be a store or turned into something else. They like they look but don't want the traffic. There was also a dilapidated two bedroom one bath log cabin home that an investor bought it they slapped a historic tag on it. It was basically a shed.

I believe people live in the "store" at the bottom of MacArthur. They just kept the signage as a nod to history. NIMBYs.

Neighborhood gossip is it is the original owner's son or something.

The owners are part of Rembrandt Builders, perhaps the ugliest designs in the Glen Echo Heights/Mohican Hills area. They weren't allowed to significantly alter the old store building or take down the sign.

I rather like their work.

http://rembrandtbuilders.com/finished-homes/6604-seven-locks/index.html

Mnice house horrible location. They lowered the price multiple times to sell that house. I think it was on the market for over 1yr

It did take awhile to sell last time on the market. It is abutted by houses on all sides, including an abandoned mess immediately next door. It would be a great house at the right price but you would need to invest in some seriously creative landscaping.

+1