Can anyone tell me about Calvert Hills and University Park?

[Anonymous]

Anonymous wrote:

Anonymous wrote:

Anonymous wrote:New but needs a lot of work: https://www.redfin.com/MD/College-Park/4608-Drexel-Rd-20740/home/11102535?utm_source=myredfin&utm_medium=email&utm_campaign=listings_update&riftinfo=ZXY9ZW1haWwmbD03OTIzNjgwJnA9bGlzdGluZ191cGRhdGVzX2RhaWx5XzI0JmE9Y2xpY2smcz1zYXZlZF9zZWFyY2gmdD1hZGRyZXNzJmVtYWlsX2lkPTc5MjM2ODBfMTU1OTI5MzQ3MF8xJnVwZGF0ZV90eXBlPTEmc2F2ZWRfc2VhcmNoX2lkPTEzMDkyNDQ2Jmxpc3RpbmdfaWQ9MTA4OTgwMjUyJnByb3BlcnR5X2lkPTExMTAyNTM1JnBvc2l0aW9uX251bWJlcj0y

Anybody see it yet? How much work do you think this house needs? $100k to fix up and renovate kitchen/bathrooms?

More. Only one bath upstairs.

Good:
No tiny bedroom (smallest room easily accommodates twin bed, dresser and desk Pic 21)
Central A/C
Decent size on main floor
Nice street
Managable lawn in fairly good shape.
Basement ceiling height seemed tall enough for converting to living space without digging out the floor.

Bad:
Main Floor has choppy flow with at least two additions.
Small kitchen
Small bathrooms
Basement needed waterproofing
No owner's suite, nor particularly obvious area to add one.


I think the house could be workable, but I think a buyer would need a good amount of liquid capital to reimagine the main floor and convert the space in to a more useful living area. Alternatively, I could see it being a rental with a quick flip and sold in 5 years for someone that wants to spend $$$ if College Park's redevelopment makes it more desirable.

[Anonymous]

Is there an easy way to look back a few years to see what comparable houses sold for in that area? If so, I think we'd see that the prices in this area have already jumped up a full level. I'm pretty sure that the cute Cape Cod on Rhode Island Ave sold for about $510 last year and it was in great condition with an updated kitchen and systems. The fact that this one, which needs both a cosmetic makeover and a new kitchen, is selling for just $25K less only a year later says a lot.

[Anonymous]

Anonymous wrote:So houses in College Heights Estates on lots twice the size of those in UP with 2 more bedrooms than the average UP house sell for $1.1 million. Apparently, it's only a few people posting here who believe that CHE house was just like the $500-$600K houses in UP.

Nobody said anything like that, but you are delusional if you think that home is representative of CHE. Zillow lists 3 other sales above $800k. Two were new construction (approx. 2,000 sq. ft. smaller) and sold for $916K and $872K. The only one that was representative of age of homes in that area sold for $811K, as close to the poors in UP as the $1.1M that house closed at. CHE sells plenty in the $600k-$750k range.

[Anonymous]

Anonymous wrote:Is there an easy way to look back a few years to see what comparable houses sold for in that area? If so, I think we'd see that the prices in this area have already jumped up a full level. I'm pretty sure that the cute Cape Cod on Rhode Island Ave sold for about $510 last year and it was in great condition with an updated kitchen and systems. The fact that this one, which needs both a cosmetic makeover and a new kitchen, is selling for just $25K less only a year later says a lot.

Calvert Hills has been dead this year. This and that place on Amherst are about the only listings that have gone up this year.

[Anonymous]

Anonymous wrote:Is there an easy way to look back a few years to see what comparable houses sold for in that area? If so, I think we'd see that the prices in this area have already jumped up a full level. I'm pretty sure that the cute Cape Cod on Rhode Island Ave sold for about $510 last year and it was in great condition with an updated kitchen and systems. The fact that this one, which needs both a cosmetic makeover and a new kitchen, is selling for just $25K less only a year later says a lot.

I'm looking in University Park and Hyattsville as well and seeing a similar trend - prices are really climbing this year, there were some places under $400k in both areas last year but not so much now.

[Anonymous]

I found the Cape Cod house I mentioned above. It actually sold for $520K, not $510K in May, 2018. https://www.redfin.com/MD/College-Park/6702-Rhode-Island-Ave-20740/home/11095413

[Anonymous]

The house in CHE that just sold for $1.1M has 6 bedrooms and is just under 6,000 square feet. I don't know which houses in CHE sold for about $800K but did they have as many bedrooms and that much square footage?

All houses in an area won't be priced equally. But from what I could tell in 5 minutes of looking is that the CHE houses that have sold recently in the $700-$800 range seem to be 4-bedrooms with about 3,000 sf. So, it isn't surprising that one of those very large houses hit the million dollar mark. This is especially true given the overall bump in prices for that area.

[Anonymous]

Anonymous wrote:

Anonymous wrote:

Anonymous wrote:

Anonymous wrote:New but needs a lot of work: https://www.redfin.com/MD/College-Park/4608-Drexel-Rd-20740/home/11102535?utm_source=myredfin&utm_medium=email&utm_campaign=listings_update&riftinfo=ZXY9ZW1haWwmbD03OTIzNjgwJnA9bGlzdGluZ191cGRhdGVzX2RhaWx5XzI0JmE9Y2xpY2smcz1zYXZlZF9zZWFyY2gmdD1hZGRyZXNzJmVtYWlsX2lkPTc5MjM2ODBfMTU1OTI5MzQ3MF8xJnVwZGF0ZV90eXBlPTEmc2F2ZWRfc2VhcmNoX2lkPTEzMDkyNDQ2Jmxpc3RpbmdfaWQ9MTA4OTgwMjUyJnByb3BlcnR5X2lkPTExMTAyNTM1JnBvc2l0aW9uX251bWJlcj0y

Anybody see it yet? How much work do you think this house needs? $100k to fix up and renovate kitchen/bathrooms?

More. Only one bath upstairs.

Good:
No tiny bedroom (smallest room easily accommodates twin bed, dresser and desk Pic 21)
Central A/C
Decent size on main floor
Nice street
Managable lawn in fairly good shape.
Basement ceiling height seemed tall enough for converting to living space without digging out the floor.

Bad:
Main Floor has choppy flow with at least two additions.
Small kitchen
Small bathrooms
Basement needed waterproofing
No owner's suite, nor particularly obvious area to add one.


I think the house could be workable, but I think a buyer would need a good amount of liquid capital to reimagine the main floor and convert the space in to a more useful living area. Alternatively, I could see it being a rental with a quick flip and sold in 5 years for someone that wants to spend $$$ if College Park's redevelopment makes it more desirable.

I hope it's not turned into a rental

[Anonymous]

Anonymous wrote:

Anonymous wrote:Trying to judge what this is going to go for: https://www.redfin.com/MD/College-Park/4601-Amherst-Rd-20740/home/11096822

I would guess $715k. It is larger than most in Calvert Hills and nicely done. There has been nothing there this year.

Closed at full asking. Maybe next year we'll get over 700k in CH.

[Anonymous]

860k pocket listing in CH

https://www.redfin.com/MD/College-Park/6909-Wake-Forest-Dr-20740/home/11085632?utm_source=android_share&utm_medium=share&utm_nooverride=1&utm_content=link

[Anonymous]

Another sale that never had an open house or anything. It's really cute!

https://www.redfin.com/MD/University-Park/4319-Clagett-Rd-20782/home/11033052

[Anonymous]

Anonymous wrote:
Another sale that never had an open house or anything. It's really cute!

https://www.redfin.com/MD/University-Park/4319-Clagett-Rd-20782/home/11033052

no open house but it was on the market at least.

[Anonymous]

This was inexpensive: https://www.redfin.com/MD/College-Park/4505-Beechwood-Rd-20740/home/11095130

[Anonymous]

Anonymous wrote:This was inexpensive: https://www.redfin.com/MD/College-Park/4505-Beechwood-Rd-20740/home/11095130

We bought our house as a short sale and received a $5,000 grant toward closing costs - it is a city incentive to turn foreclosures and short sales into owner occupied homes. That must be what is happening here because this would be maybe $100k more even with the work it needs. I'm jealous of the buyer. Our house has nearly doubled in value.

From the description: "This is a diamond in the rough that comes with a $5,000 grant from the City of College Park and $15,000 more if you're UMD Faculty or Staff."

[Anonymous]

Anonymous wrote:

Anonymous wrote:This was inexpensive: https://www.redfin.com/MD/College-Park/4505-Beechwood-Rd-20740/home/11095130

We bought our house as a short sale and received a $5,000 grant toward closing costs - it is a city incentive to turn foreclosures and short sales into owner occupied homes. That must be what is happening here because this would be maybe $100k more even with the work it needs. I'm jealous of the buyer. Our house has nearly doubled in value.

From the description: "This is a diamond in the rough that comes with a $5,000 grant from the City of College Park and $15,000 more if you're UMD Faculty or Staff."

Hmm that link isn't accurate. It was listed for 48x? I think..

found link: https://www.coldwellbankerhomes.com/md/college-park/4505-beechwood-rd/pid_31727448/