For those in Mclean/Langley: when do you think inventory in your neighborhood will go up?

[Anonymous]

Anonymous wrote:

Anonymous wrote:

Anonymous wrote:How about this coming soon for op:
https://www.redfin.com/VA/McLean/6633-Tucker-Ave-22101/home/9402057

I only see worse and worse options for ridiculous price now… so maybe the Greenway Height’s 1.6 tear down was a good deal? Can’t understand this market lol

They dropped the price from $1.2M to $1.1M and now it's under contract.

DP. I don’t think so. It went contingent and now is off the market (but status didn’t change to closed). My guess is they got an offer and was unable to appraise so buyers walked. Now they’ll probably wait a few months and put it back on the market.

Probably water damage.

[Anonymous]

That price look too cheap. Some of the houses on that street get floods in heavy rain due to the steep slope.

[Anonymous]

Anonymous wrote:Saw this on our walk yesterday. Seems low priced, but there are no inside pictures.

https://www.zillow.com/homes/1564-Forest-Villa-Ln-Mclean,-VA-22101_rb/51756512_zpid/

Probably a teardown. There are multiple $2M+ new builds on that street now.

[Anonymous]

Anonymous wrote:

Anonymous wrote:Saw this on our walk yesterday. Seems low priced, but there are no inside pictures.

https://www.zillow.com/homes/1564-Forest-Villa-Ln-Mclean,-VA-22101_rb/51756512_zpid/

Probably a teardown. There are multiple $2M+ new builds on that street now.

Being sold as is, listing mentions renovate or tear down. Since the lot is .34 acre its likely to be torn down and a larger home built.

[Anonymous]

Anonymous wrote:

Anonymous wrote:

Anonymous wrote:Saw this on our walk yesterday. Seems low priced, but there are no inside pictures.

https://www.zillow.com/homes/1564-Forest-Villa-Ln-Mclean,-VA-22101_rb/51756512_zpid/

Probably a teardown. There are multiple $2M+ new builds on that street now.

Being sold as is, listing mentions renovate or tear down. Since the lot is .34 acre its likely to be torn down and a larger home built.

It's a very nice street, and even has a sidewalk for those who are obsessed with them.

[Anonymous]

Anonymous wrote:

Anonymous wrote:

Anonymous wrote:

Anonymous wrote:Saw this on our walk yesterday. Seems low priced, but there are no inside pictures.

https://www.zillow.com/homes/1564-Forest-Villa-Ln-Mclean,-VA-22101_rb/51756512_zpid/

Probably a teardown. There are multiple $2M+ new builds on that street now.

Being sold as is, listing mentions renovate or tear down. Since the lot is .34 acre its likely to be torn down and a larger home built.

It's a very nice street, and even has a sidewalk for those who are obsessed with them.

Beats getting run over.

[Anonymous]

Anonymous wrote:

Anonymous wrote:

Anonymous wrote:

Anonymous wrote:

Anonymous wrote:Saw this on our walk yesterday. Seems low priced, but there are no inside pictures.

https://www.zillow.com/homes/1564-Forest-Villa-Ln-Mclean,-VA-22101_rb/51756512_zpid/

Probably a teardown. There are multiple $2M+ new builds on that street now.

Being sold as is, listing mentions renovate or tear down. Since the lot is .34 acre its likely to be torn down and a larger home built.

It's a very nice street, and even has a sidewalk for those who are obsessed with them.

Beats getting run over.

It's not a cut-through street in any event, like some in the area, so wouldn't really matter much anyway.

[Anonymous]

Anonymous wrote:

Anonymous wrote:Saw this on our walk yesterday. Seems low priced, but there are no inside pictures.

https://www.zillow.com/homes/1564-Forest-Villa-Ln-Mclean,-VA-22101_rb/51756512_zpid/

Probably a teardown. There are multiple $2M+ new builds on that street now.

Under contract now.

[Anonymous]

Anonymous wrote:

Anonymous wrote:

Anonymous wrote:Saw this on our walk yesterday. Seems low priced, but there are no inside pictures.

https://www.zillow.com/homes/1564-Forest-Villa-Ln-Mclean,-VA-22101_rb/51756512_zpid/

Probably a teardown. There are multiple $2M+ new builds on that street now.

Under contract now.

Saw that. We inquired about it and there’s currently a tenant in there and weren’t doing any tours etc. looks nice on the outside and a great neighborhood.

[Anonymous]

Anonymous wrote:The truth is that Mclean has been under priced for years. Now the prices are leveling up, buyers know that it will continue to go up so it's a low risk investment.

It hasn’t been underpriced. It’s basically driving only into dc which with traffic….terrible. But now that people don’t have to go in as much it’s more appealing.

[Anonymous]

Anonymous wrote:

Anonymous wrote:The truth is that Mclean has been under priced for years. Now the prices are leveling up, buyers know that it will continue to go up so it's a low risk investment.

It hasn’t been underpriced. It’s basically driving only into dc which with traffic….terrible. But now that people don’t have to go in as much it’s more appealing.

DP, and I'm not sure what you're saying but a lot of people have decided places like McLean are great choices for hedging your bets in the current environment. Not far from DC and Tysons if people eventually return to working in offices full-time, but also far enough from DC to get houses with more than postage-stamp lots.

[Anonymous]

Anonymous wrote:

Anonymous wrote:

Anonymous wrote:The truth is that Mclean has been under priced for years. Now the prices are leveling up, buyers know that it will continue to go up so it's a low risk investment.

It hasn’t been underpriced. It’s basically driving only into dc which with traffic….terrible. But now that people don’t have to go in as much it’s more appealing.

DP, and I'm not sure what you're saying but a lot of people have decided places like McLean are great choices for hedging your bets in the current environment. Not far from DC and Tysons if people eventually return to working in offices full-time, but also far enough from DC to get houses with more than postage-stamp lots.

PP. I agree with you. My point was not “underpriced for years” pre-covid because of the distance but a good buy now.

[Anonymous]

Anonymous wrote:

Anonymous wrote:

Anonymous wrote:How about this coming soon for op:
https://www.redfin.com/VA/McLean/6633-Tucker-Ave-22101/home/9402057

I only see worse and worse options for ridiculous price now… so maybe the Greenway Height’s 1.6 tear down was a good deal? Can’t understand this market lol

They dropped the price from $1.2M to $1.1M and now it's under contract.

DP. I don’t think so. It went contingent and now is off the market (but status didn’t change to closed). My guess is they got an offer and was unable to appraise so buyers walked. Now they’ll probably wait a few months and put it back on the market.

This place is under 1M now. Super ugly but if you’re on a budget….

[Anonymous]

Anonymous wrote:

Anonymous wrote:

Anonymous wrote:

Anonymous wrote:How about this coming soon for op:
https://www.redfin.com/VA/McLean/6633-Tucker-Ave-22101/home/9402057

I only see worse and worse options for ridiculous price now… so maybe the Greenway Height’s 1.6 tear down was a good deal? Can’t understand this market lol

They dropped the price from $1.2M to $1.1M and now it's under contract.

DP. I don’t think so. It went contingent and now is off the market (but status didn’t change to closed). My guess is they got an offer and was unable to appraise so buyers walked. Now they’ll probably wait a few months and put it back on the market.

This place is under 1M now. Super ugly but if you’re on a budget….

I don't know why the prior contract fell through, so maybe there's an issue that the realtor doesn't highlight, but it looks like a cute house. Not everyone can afford or wants to live in some giant new build.