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][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]

Those aren't the same market, very poor schools.[/quote]

Same curriculum.  Schools are fine if you focus on your own kid.

Also don't like that you can see ugly apartments from backyard of this house.

For that price you can almost tear down and build new, crazy to pay $600K for a shack. 
[/quote]

22042 is filled with more shacks and no one wants to tear them down and build new because that market isn't in demand.[/quote]

Oh and most of 22042 is lined with really low rent apartments vs pimmit hills which has higher rent apartments across the street on the perimeter across a street. In fact many places in 22042 sit next to apartments rather than being seperated by a street.[/quote]

Cross Route 7 from Pimmit Hills and there are many low-rent, subsidized apartments off Pimmit Drive.  I would not want to be in some of those areas at night.  There are also some new builds in 22042, although not as many as in Pimmit Hills.

For $600K, you don't need to settle for a shack in Pimmit Hills where some flipper did some quick upgrades.  There are plenty of other neighborhoods in NoVa and Maryland to consider and the schools are fine.

[/quote]

Um, no.  I lived in that large apartment building on the corner of Pimmit Dr. and Leesburg Pike ten years ago when I was single and 24 years old and it was a fantastic neighborhood.  Never did I run across anyone that you'd consider "undesirable" and never did I feel unsafe either walking or driving around.  Plus, there's no way in hell my parents would have let me live there if they felt it wasn't a good area.  We are renting a house in North Arlington now and would definitely consider buying a house in Pimmit Hills.  We haven't seriously started looking yet, so this thread is really helpful.[/quote]

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