Reply to The thread for the, "buying under $600,000," crowd.

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[quote=Anonymous][quote=Anonymous][quote=Anonymous][quote=Anonymous][quote=Anonymous][quote=Anonymous]This one just hit and it's pretty nice and completely renovated with tons of space

http://www.redfin.com/VA/Falls-Church/7414-Paxton-Rd-22043/home/9471718[/quote]

It's a flip that sold for $378K last October.  Vinyl siding, no garage and less than 1900 SF, but they want people to pay $240K more than purchase price for some interior upgrades.  [/quote]

The comparables in this range, it's priced right.[/quote]

More appealing close-in houses can be found for less.

http://franklymls.com/FX8329849

http://franklymls.com/FX8326468

http://franklymls.com/FX8320724

I'd want to see an itemized list of the flipper's expenditures to see why he thinks this $378K house is worth close to $620K a few months later.

[/quote]
Have you not been on DCUM for very long? Renovators charge over 3-400k to redo an old home and Pimmit Hills has appreciated over 15% in the last year due to the silver line and all of the new construction going on. If you gut and renovate a place that much you need to move out and rent. If you take those things into consideration it is well priced. I think that home will probably sell for that price and perhaps more considering the other homes that went for 699k.

Those links you provided aren't even the same market because 22042 has low performing schools, no new developments and has less commuting / metro options. Yes I know who you are, you are the booster of that area. Face it, 22042 is a different market, not much new construction or renovation, different commuting options, no new silver line and isn't as hot so the pricing reflects that.

Because I am in McLean I can see pass the bias and BS and know all of the above facts so please take your misinformed, bias and fake outrage elsewhere.

If you want to compare apples to apples the pimmit hills homes is very well priced for a 4BR, 3BA 1900SF and completely renovated home. The inventory is low but here are the comparables:

The next comparable would be
http://www.redfin.com/VA/Vienna/8426-Bowling-Green-Ct-22180/home/9540778

Or if you want a list of what's out there as comparables now:
http://www.redfin.com/real-estate#!uipt=1&num_beds=4&min_listing_approx_size=1750&v=8&sst=&region_id=135930&region_type=7&market=dc[/quote]

You're the guy who claims to live in McLean and own PH properties...which makes you just one more silly PH tout.

Lots of better options at $600K than an old house in PH with vinyl siding, a new toilet or two, and some back splashes that don't cost very much to install.  This house should come with a "Sucker Alert" on every new fixture.  [/quote]

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