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Reply to "Baltimore House Porn - $1M"
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[quote=Anonymous][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] Yes it's amazing how much crushing taxes, terrible schools and a ton of murder depresses properties eh? In Baltimore you pay triple the tax as they do in Bethesda, which is insane.[/quote] The zoned elementary school is excellent although kids most likely will go private like all the kids who lived in that house likely did. Yes, taxes are high but DC and its suburbs have really cheap taxes relatively speaking. Look at the property taxes in higher end PHL, NYC and BOS suburbs too. Shocking. And it's a very safe neighborhood. Gorgeous. It won't be for everyone. But for the buyers it's worthwhile enough. But I suspect the real deal killer for some of you is that the owner of this particular house is a prominent conservative judge. [/quote]
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