625k in "Hip Happening Hyattsville"? Overpriced?

[Anonymous]

Anonymous wrote:I don’t think SS is that nice actually. It’s nice but no way am I pining to live there over the RR Corridor. But I grew up here when it was called City Place.

OP you’ll get your huge overly constructed shopping places soon with the Southern Gateway construction.

I meant PP. not OP.

[Anonymous]

OP back again, looked at the Nicholson house someone posted upthread and it is gorgeous. Part of what is confusing me is there's this big house on 44th that had to do a 50k price cut before going under contract: https://www.zillow.com/homedetails/6010-44th-Ave-Hyattsville-MD-20781/37514899_zpid/

Granted, I don't love the kitchen layout, but it seems so much bigger than the one I originally posted, which is partially why I'm very curious to see what the 625k one ends up going for.

[Anonymous]

Anonymous wrote:OP back again, looked at the Nicholson house someone posted upthread and it is gorgeous. Part of what is confusing me is there's this big house on 44th that had to do a 50k price cut before going under contract: https://www.zillow.com/homedetails/6010-44th-Ave-Hyattsville-MD-20781/37514899_zpid/

Granted, I don't love the kitchen layout, but it seems so much bigger than the one I originally posted, which is partially why I'm very curious to see what the 625k one ends up going for.

I'm the PP who posted the Nicholson house. It is bigger than the one in this thread, so I'm not sure how good of a comparison it is. But I think a lot of the size in Nicholson was in the number of rooms and in two of the upstairs bedrooms (and a large bath). The one in this thread doesn't look small to me, at least from the listing—I was actually surprised that it's only about 1500 sf. Plus, it seems like the basement could easily be converted into livable space. If the virtual tour measurement function is accurate, the ceiling is 7'6"; most of the unfinished basements I've seen are either a little too short to finish properly or have water issues that make finishing the basement a bad idea.

The one on 44th is so clearly a flip (and so utterly charmless, IMO) that I don't think it's a good comparison to 5303 41st.

[Anonymous]

Anonymous wrote:

Anonymous wrote:OP back again, looked at the Nicholson house someone posted upthread and it is gorgeous. Part of what is confusing me is there's this big house on 44th that had to do a 50k price cut before going under contract: https://www.zillow.com/homedetails/6010-44th-Ave-Hyattsville-MD-20781/37514899_zpid/

Granted, I don't love the kitchen layout, but it seems so much bigger than the one I originally posted, which is partially why I'm very curious to see what the 625k one ends up going for.

I'm the PP who posted the Nicholson house. It is bigger than the one in this thread, so I'm not sure how good of a comparison it is. But I think a lot of the size in Nicholson was in the number of rooms and in two of the upstairs bedrooms (and a large bath). The one in this thread doesn't look small to me, at least from the listing—I was actually surprised that it's only about 1500 sf. Plus, it seems like the basement could easily be converted into livable space. If the virtual tour measurement function is accurate, the ceiling is 7'6"; most of the unfinished basements I've seen are either a little too short to finish properly or have water issues that make finishing the basement a bad idea.

The one on 44th is so clearly a flip (and so utterly charmless, IMO) that I don't think it's a good comparison to 5303 41st.

Agree re: 44th is a flip, though the listing notes that they have done significant non-cosmetic work that isn't normally completed during a quick flip (new wiring, mechanical systems, roof, etc.) which might make it more valuable to some. My general sense is that buyers in this area will pay a significant markup if they believe they can avoid repair.

[Anonymous]

No surprise, but the original house here is pending now.

[Anonymous]

Answer: No, it wasn't overpriced. It closed yesterday for $785,000: $160,000 over list.

[Anonymous]

Anonymous wrote:Answer: No, it wasn't overpriced. It closed yesterday for $785,000: $160,000 over list.

Wow, good for them!

[Anonymous]

Anonymous wrote:Answer: No, it wasn't overpriced. It closed yesterday for $785,000: $160,000 over list.

Hey, I was right!


I live in this neighborhood. It likely will go for $750-800K.

[Anonymous]

Oh yes, the house of the wounded coffee table! Good for them.

[Anonymous]

Anonymous wrote:

Anonymous wrote:Answer: No, it wasn't overpriced. It closed yesterday for $785,000: $160,000 over list.

Hey, I was right!


I live in this neighborhood. It likely will go for $750-800K.

Neighbor, I owe you a coke.

[Anonymous]

I think this is underpriced … wonder what it will go for?

https://www.redfin.com/MD/Hyattsville/5314-42nd-Ave-20781/home/10948315

[Anonymous]

Anonymous wrote:I think this is underpriced … wonder what it will go for?

https://www.redfin.com/MD/Hyattsville/5314-42nd-Ave-20781/home/10948315

Only 1.5 baths

[Anonymous]

Anonymous wrote:I think this is underpriced … wonder what it will go for?

https://www.redfin.com/MD/Hyattsville/5314-42nd-Ave-20781/home/10948315

I’m not sure, the siding looks very suspicious and only 1.5 baths with no pictures. You need room for $350k probably to fully bring it up to standard and I think because of the situation with delays and costs people are not wanting major protects.

[Anonymous]

I can't tell from the photos if that would be a project house or not. Not having any pictures of the bathrooms or basement is a red flag, though. There's only one shot of the kitchen, too (I almost missed it), but from that shot it doesn't look bad. What I can see doesn't have quite the same old-house charm that the Nicholson house did, at least for me, and the key to getting top dollar for an old house is having so much character that people are willing to overlook the money pit potential. It's also right next to a bus stop on a busy-ish street.

I don't see this one getting a bidding war, personally.

[Anonymous]

This house is at a busy-ish intersection (for historic Hyattsville anyway). The paint colors are very ... personal. But, the owners always host porch fest every year, so I've actually sat in this yard and listened to people jam out on the porch. I've seen glimpses of inside and it seems nice and not too rundown.