INSANELY overpriced listing in Loudoun

[Anonymous]

Anonymous wrote:Yeah, OP is right. House is way overpriced.

This house was built by the same builder and has similar square footage. It's on 10 acres, has a better view of the mountains, an outbuilding, and is literally across the street

This house sold in August for tad above 1.5.

Someone please tell me why the current listing isn't overpriced when compared to this.

https://www.zillow.com/homedetails/18463-Rustling-Woods-Ct-Leesburg-VA-20175/121711811_zpid/

Because this house and smaller and uglier?

[Anonymous]

I am cracking up about people crowing about “old money” in Loudoun. Being wealthy because your mee-maw and paw-paw made some money by virtue of being among the first white settlers in the area and enslaving a bunch of black folk is not something to feel proud and grand over. Then again, that is probably exactly what Trumpsters feel grand over.

[Anonymous]

Anonymous wrote:

Anonymous wrote:Loudoun is a wealthy area and Western Loudoun attracts a mostly White UMC crowd who leans right of center. I live in Waterford right outside Leesburg and love it. We have some progressive neighbors and very Trumpy neighbors as well. We all get along and share the same love for our scenic community.

I do think the price for the home is somewhat steep. People out here have money but the homes that sell fast out here are relatively updated/newer SFHs on 2-5 acres in the 1-1.8mil price range. Homes priced over 2million take longer to sell and I would not be surprised if the sellers are forced to reduce the price to $1,999,999 or something.

I used to live in Arlington and absolutely loved it. We could walk to coffee shops, restaurants, stores, bars, etc. As we got older we eventually got tired of feeling crowded and being on a small lot (we have always dreamed of having large yard to garden in and build a pool), so we decided to move to Loudoun once commuting was no longer a factor.

I hate when people on here bash other communities to elevate their own. Arlington/McLean/Bethesda are desirable for good reason and the prices reflect that. Super convenient, metro access, easy access to DC, etc. I also love the outer suburbs and what they offer. Western Loudoun offers upscale rural living with the ability to get the Arlington/DC in an hour. Everyone has their own goals and sometimes different areas are more suitable to fulfill said dreams than others. Embrace the fact that we live in such a dynamic area with so many great places to live!

I think this captures it well. I also live out here, moved cross-country almost a decade ago. Upscale rural pretty much captures it--I grew up in a way less upscale rural/remote area in the Midwest and I call Western Loudoun "rural but not remote". Even if my options within 5-10 minutes are limited, I can get to doctor's offices for most specialties, shopping, a major international airport and a variety of restaurants in 20-30 minutes, and a major metropolitan area in an hour-ish, depending on traffic. In the place where I grew up, you had to drive 1-3 hours for those things. I currently WFH in a house similar in size to the one posted but on two acres, DH commutes to Herndon and TBH the one thing I think would be nice is more acreage.

That said, I do think this property is somewhat overpriced, for similar reasons that the quoted pp mentioned. It's also unclear to me whether there is wired internet actually available at the property, usually that gets prominent play in a listing like this. Verizon lists it as service available for Fios, but with a long driveway/setback, I would definitely want to 100% confirm that wired service already exists--not like, there is fiber out at the road and you have to foot the $$$$ to trench it to the house. Otherwise you have to rely on a satellite or fixed wireless service and a lot of the options suck. The potential market for that property if it does NOT have wired internet definitely narrows and makes it less likely that they'll get that asking price or close.

I don’t think they charge for this. My house is in a rural area. Verizon easily trenched 300-400 feet to my house and did not charge me for it other than the $100 set up fee.

[Anonymous]

I don’t think it’s that far off. The acreage is considerable. The house is beautiful. The land alone is worth over a million.

[Anonymous]

House had to reduce price and still hasn't sold. OP might of been right folks...

[Anonymous]

Mowing all that lawn . . . no thanks.

[Anonymous]

Anonymous wrote:House across the street sold last summer for $1.5 and its on 10 acres. How would a house in the same neighborhood on LESS land cost over $500k more?

I live out here and the house in overpriced.

This.

You should look at 3 month comps (as direct as possible) to see if a property is priced appropriately.

This listing looks like a non serious fishing one.

[Anonymous]

Anonymous wrote:
We get that you "don't understand it." It's clear you don't understand a lot of things. But it's amusing you think your opinion is valid. This is often the case with people who are usually wrong but rarely in doubt, however. Stands to reason.

BTW, the house posted isn't a "McMansion."
That's an actual mansion. A lot of the properties out here are.

This is where the old money is. People here aren't wage slaves. We also have mature trees and ... shhhhh ... cawfee. We also have wineries, breweries, mountains, axe throwing venues, charming towns with old fashioned main streets. We have ethnic restaurants and professional sports. All the things. And many things you cannot find closer in.

.

That house is NOT a mansion, it's the epitome of a McMansion, lol.

THIS is a mansion.

https://www.zillow.com/homedetails/22694-Creighton-Farms-Dr-Leesburg-VA-20175/110695248_zpid/

[Anonymous]

Anonymous wrote:Beautiful property but the price is bonkers. I don't who would be in the market to buy a house like that.

I'm gonna sound dumb here, but I had no idea Loudoun had properties like that. I still don't think it's worth that much though. I'd argue it's worth $1.8 mil max and if it had a pool it would be more reasonable.

You may also have no idea that Loudoun County is the wealthiest county in the United States. Loudoun has a young population, many of whom are employed in the high earning tech sector.

[Anonymous]

Anonymous wrote:I am cracking up about people crowing about “old money” in Loudoun. Being wealthy because your mee-maw and paw-paw made some money by virtue of being among the first white settlers in the area and enslaving a bunch of black folk is not something to feel proud and grand over. Then again, that is probably exactly what Trumpsters feel grand over.

Oh sweetie, all the slaves were in Alexandria, including the part that it is now Arlington, Fairfax County, especially along the Potomac River, Maryland and DC. The old money in Loudoun County is from the people who made their money elsewhere and moved to Loudoun County to get away from people like you.

[Anonymous]

Anonymous wrote:

Anonymous wrote:Beautiful property but the price is bonkers. I don't who would be in the market to buy a house like that.

I'm gonna sound dumb here, but I had no idea Loudoun had properties like that. I still don't think it's worth that much though. I'd argue it's worth $1.8 mil max and if it had a pool it would be more reasonable.

You may also have no idea that Loudoun County is the wealthiest county in the United States. Loudoun has a young population, many of whom are employed in the high earning tech sector.

This isn’t wrong. But it’s also because it’s new wealth before services arrive and before a real middle and working class and then lower class come. Give it 20 years.

[Anonymous]

Nope - not for Loudoun - please!

[Anonymous]

Anonymous wrote:

Anonymous wrote:I am cracking up about people crowing about “old money” in Loudoun. Being wealthy because your mee-maw and paw-paw made some money by virtue of being among the first white settlers in the area and enslaving a bunch of black folk is not something to feel proud and grand over. Then again, that is probably exactly what Trumpsters feel grand over.

Oh sweetie, all the slaves were in Alexandria, including the part that it is now Arlington, Fairfax County, especially along the Potomac River, Maryland and DC. The old money in Loudoun County is from the people who made their money elsewhere and moved to Loudoun County to get away from people like you.

Oh sweetie, tons of slaves in Loudoun. John Mosby and his raiders? All slave owners in Loudoun and Fauquier determined to “maintain the southern way of life”. Most of the sons of the farms in these counties joined the Army of Northern Virginia under the command of REL.

[Anonymous]

Are you dense? The house didnt “sell” for $900k in 2015, the land did. The home was built in 2015.

They’re probably in it for $1.6 to $1.8M cost basis. So add in a few years of covid price inflation and general shortage of supply and there you go.

[Anonymous]

Anonymous wrote:I am cracking up about people crowing about “old money” in Loudoun. Being wealthy because your mee-maw and paw-paw made some money by virtue of being among the first white settlers in the area and enslaving a bunch of black folk is not something to feel proud and grand over. Then again, that is probably exactly what Trumpsters feel grand over.

NP. It’s fringy trolls like you who are going to help fascists like Trump win. It’s 2024 not 1750 and the vast majority of money in Loudon (or anywhere else) is post-1865.