Reply to Explain why my neighbor’s house can’t sell

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[quote=Anonymous]As per subject, I live a few houses down on the other side of Philadelphia, and have watched this house go onto the market and not sell twice in the past year:

https://www.redfin.com/MD/Silver-Spring/820-Philadelphia-Ave-20910/home/10953991?2093706699=control&utm_source=ios_share&utm_medium=share&utm_nooverride=1&utm_content=link&utm_campaign=copy_link

Of course, people do not like the busy street. Noted. But it seems like it’s already appropriately discounted for that given neighboring recent sales?

So I’m curious for your thoughts, especially from anyone who might have looked at the house. Basically, we aren’t looking at selling our place any time soon, but whenever we have a convo about what it’s worth, it ends with “but why can’t the yellow house sell???” Slightly related, I’m increasingly annoyed at the state’s tax valuation of my house, given what this place isn’t selling for, and thinking about how we might better contest the valuation the next time it’s re-assessed. [/quote]

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