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Reply to "Why has this property been on the market for so long?"
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[quote=Anonymous][quote=Anonymous][quote=Anonymous]It is basically a tear down, so it is overpriced. The structure of the house makes it completely uneconomical to renovate the exterior and interior to match modern preferences. The upper limit for a lot of this size in Oakton is probably around 700-800k. Contact some home builders and see what they would pay for it as a tear down. [/quote] Not sure why you're throwing out random numbers.. there hasn't been a sale in the last year under 975k in the area if you don't count the ones on vale rd.[/quote] This is not a random number. I looked at Redfin for lots and houses that were recently torn down. Most 2 acre lots in Oakton are selling in the the 600k. I was saying that you might be able to get 700-800k since it is part of an equestrian community. It is definitely a tear down, and no one will pay even a million dollars for that house. The sooner you accept that, the sooner you will be able to sell this property. [/quote]
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