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Reply to "Potomac Hills in Mclean?"
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[quote=Anonymous][quote=Anonymous]Unlike other areas in McLean, I notice there are very few new builds in Potomac Hills, don't know why.[/quote] The original houses often sell for $900K to $1M. That's the range for a tear down in parts of McLean that are in greater demand either because they are closer to the center of McLean and Metro (for example, West McLean and Salona Village) or are closer to DC (such as Franklin Park). So the economics generally may not be favorable for teardowns. There is one new build in Potomac Hills currently on the market for $1.83M. The builder was able to buy the older house last year for $785K, which is lower than the typical sales price in the neighborhood. [/quote]
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