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[quote=Anonymous][quote=Anonymous][quote=Anonymous][quote=Anonymous]Both of these homes remind me of the famous “luxury” river front house that sat for years in McLean.  7022 Green Oak Drive was listed for $7 million in 2021.

It sold in March of this year for just over $3M. [/quote]

How did this go so cheap??[/quote]

The owners were very motivated to sell. And $3M was the top of what they could get.

The value for this house is in the lot and the current house will likely be torn down.  The problem is that the house was exceptionally cheaply built in 2003.  The kitchen has what I’m pretty sure are IKEA cabinets and the countertops are very thin.

I don’t know why banks are willing to give 30 year mortgages on a low-quality home that will need to be torn down in less than 25 years.  I guess they figure the land will keep appreciating.  [/quote]

The few pictures that I could find honestly don't look that bad: https://patch.com/virginia/mclean/look-inside-599m-custom-built-waterfront-estate-mclean-0
5 acres along the river seems like a steal[/quote]

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