Calvert Hills

[Anonymous]

I keep reading about rumors of a price bubble. Id be afraid to pay top dollar for anything and this house looks priced high.

[Anonymous]

Anonymous wrote:

Anonymous wrote:The house appraised for much less than the asking price[u] and the home inspection found a number of issues, some expensive to fix.

Really? I find that surprising looking at the comps in UP.

This house isn't in UP. IT's in College Park which is still a less desireable part of PG County.

[Anonymous]

Anonymous wrote:

Anonymous wrote:I saw the house, it's beautiful. Yes updates are needed, but it showed well. The price is a bit too high.

I thought it showed well too. Almost all the houses in that neighborhood and surrounding neighborhoods are old and need updating. This market had a lot of high priced homes flying off the shelf in Hyattsville, Mount Rainier, and UP so I didn't think the original price was that high.

Well apparently it was because it surely hasnt flown off the shelf.

[Anonymous]

Anonymous wrote:

Anonymous wrote:

Anonymous wrote:Is this area of College Park a good place to buy for long term appreciation? I was looking at possibly buying in the area, as it seems to be on the upswing.

.

Yes. It's probably the best investment out there right now in terms of buying low and selling high.

Agreed! Plus this area is walkable, bikeable to Metro/Marc, Whole Foods, and downtown College Park.

I'd be afraid to buy this high and try to sell higher. Does anyone remember what has happened in the last 10 years with prices?

[Anonymous]

Anonymous wrote:

Anonymous wrote:

Anonymous wrote:The house appraised for much less than the asking price[u] and the home inspection found a number of issues, some expensive to fix.

Really? I find that surprising looking at the comps in UP.

This house isn't in UP. IT's in College Park which is still a less desireable part of PG County.

Uhmm what's the deal with UP vs CP which causes the prices to be higher? I thought that part of CP was in the same school district as UP.

[Anonymous]

As for buying low and selling high, the Amhurst house is not a house for that. It's alteady priced way too high.

[Anonymous]

Anonymous wrote:Apparently the garage cant be used to store cars even. The brick structure is settled and cracked. Also the foundation wall in the basement is very bowed and probably failing. Water and moisture in the basement has caused mold. My sinuses were going crazy down there. Pretty house but we thought better of it because it needs way too much work. Even the kitchen is from the 60's

Really disappointing to know, as the house looks like it has potential. Was the basement unfinished and was there a sump pump? I always check for a sump pump in a basement especially with an older home.

[Anonymous]

Anonymous wrote:

Anonymous wrote:

Anonymous wrote:

Anonymous wrote:The house appraised for much less than the asking price[u] and the home inspection found a number of issues, some expensive to fix.

Really? I find that surprising looking at the comps in UP.

This house isn't in UP. IT's in College Park which is still a less desireable part of PG County.

Uhmm what's the deal with UP vs CP which causes the prices to be higher? I thought that part of CP was in the same school district as UP.

Calvert Hills is zoned for UPES...UP is generally priced higher. I personally prefer CH location, more walkable but same school district.

[Anonymous]

Anonymous wrote:The one on Amhurst really broke my heart. All the charm & personality went out the door when I saw the basement with the mold and water everywhere. To make matters worse, the one basement wall was ready to cave in! Kitchen was like something out of the home of Ward & June Cleaver. To compound matters, the listing was priced way high for Calvert Hills. Maybe if it was in University Park it might have been priced a bit closer to actual value. Then I heard thru the grapevine that the garage had settled & cracked to the point that you couldn't even park a car in it. Whoever came up with that price must have been smoking some premo stuff! Mabye the RE Agent didn't get his facts in order before posting this property?

No the agent Jean exclusively sells in Hyattsville, UP and CH. It seems but for those issues the house would have sold. If that home were in UP the price would have been in the 6xx. She has another listing that cannot sell in CH because of it's a wreck.

It appears that many of the houses in CH are in terrible shape. The owners are very old and did not upkeep their homes which is a shame. Homes in UP turn over more and are in better shape.

[Anonymous]

Anonymous wrote:

Anonymous wrote:

Anonymous wrote:The house appraised for much less than the asking price[u] and the home inspection found a number of issues, some expensive to fix.

Really? I find that surprising looking at the comps in UP.

This house isn't in UP. IT's in College Park which is still a less desireable part of PG County.

I don't think your statement is accurate now. Although it used to be.


UP is more attractive to ppl who don't want development. There is no commercial tax base for that town. I prefer CHbc it's closer to the metro, restaurants and is pretty walkable to amenities. Bc the university has now gotten very involved in the town it's spurred investment.

[Anonymous]

Anonymous wrote:

Anonymous wrote:

Anonymous wrote:I saw the house, it's beautiful. Yes updates are needed, but it showed well. The price is a bit too high.

I thought it showed well too. Almost all the houses in that neighborhood and surrounding neighborhoods are old and need updating. This market had a lot of high priced homes flying off the shelf in Hyattsville, Mount Rainier, and UP so I didn't think the original price was that high.

Well apparently it was because it surely hasnt flown off the shelf.

PP--well I didn't know that the garage was unusable and the wall was crumbling when I walked through

[Anonymous]

Anonymous wrote:

Anonymous wrote:

Anonymous wrote:

Anonymous wrote:I saw the house, it's beautiful. Yes updates are needed, but it showed well. The price is a bit too high.

I thought it showed well too. Almost all the houses in that neighborhood and surrounding neighborhoods are old and need updating. This market had a lot of high priced homes flying off the shelf in Hyattsville, Mount Rainier, and UP so I didn't think the original price was that high.

Well apparently it was because it surely hasnt flown off the shelf.

PP--well I didn't know that the garage was unusable and the wall was crumbling when I walked through

yeah, I didn't notice either, but I took my husband back later and he said bc the garage floor was so broken up and the bricks were so cracked on the structure that it had settled badly and further parking in the garage would make it worse. Also, he looked at the basement wall and showed me how bowed it was, from ground pressure outside. The surface of the wall was chipped and powdered, and areas showed water leaking. Scary.

[Anonymous]

The Erskine bungalow has been on and off the market for months. Somebody mentioned it needed lots of work. Anybody know what specifically needs to be done?

https://www.redfin.com/MD/College-Park/4806-Erskine-Rd-20740/home/11086690

[Anonymous]

Anonymous wrote:The Erskine bungalow has been on and off the market for months. Somebody mentioned it needed lots of work. Anybody know what specifically needs to be done?

https://www.redfin.com/MD/College-Park/4806-Erskine-Rd-20740/home/11086690

Almost everything cosmetically needs work, the structure itself seemed okay...but I didn't spend time examining.

[Anonymous]

Anonymous wrote:The Erskine bungalow has been on and off the market for months. Somebody mentioned it needed lots of work. Anybody know what specifically needs to be done?

https://www.redfin.com/MD/College-Park/4806-Erskine-Rd-20740/home/11086690

No but the listing agent did tell me it needs a lot of work.