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Reply to "Baltimore House Porn - $1M"
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[quote=Anonymous][quote=Anonymous][quote=Anonymous]I am always sort of amazed more people with flexible, need to be in dc but only twice a week types don’t snap these up.[/quote] Most of those people are financially-savvy. This place has been reduced $300,000 in value in just ten years. Meanwhile its gorgeous, 4,000 square feet, and only almost half an acre. Its also ACROSS THE STREET from Giant and a Mom's. In D.C. that value would have gone up a $1,000,000 in the same time period. https://www.zillow.com/homedetails/405-Overhill-Rd-Baltimore-MD-21210/36479093_zpid/[/quote] The house was previously listed in September 2008 before delisting in April 2009. Should I remind you what happened during those months? Something called Lehman Brothers. It's not unique to Baltimore. Lots of areas are still selling below peak 2008 prices. Nice, normal, safe areas across the country's many cities. Even fancy NYC suburbs are selling for less than 2005-2008 prices. People have paid 1+M for houses in Baltimore in the past year, including in this part of town. I think the current price is realistic and it will sell. It would have sold for more, up to 1.5 had the owners listed during the boom in 2005-07. -- Not a Baltimore resident but know the city well enough to understand it. [/quote]
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