Reply to Mt Prospect in North Potomac

Forum Index » Real Estate

Reply to "Mt Prospect in North Potomac"

Subject:

Emoticons





More smilies

Text Color: Font: Close Marks

[quote=Anonymous][quote=Anonymous]I wouldn't forget that the MCPS equity rezoning initiatives are a real risk to this location. I think its very likely that this area could get rezoned from Wootten to Northwest or Quince Orchard. I could easily see a scenario where students at QO get sent to Gaithersburg HS to balance out the Farms and this area gets sent to QO which is much closer. The other scenario would be moving this area to Northwest HS. Houses just down the road off Turkey Foot are zoned for Northwest. There is a huge price bump for being in the Wootten cluster over QO. There is even a price bump for being in QO over NW.

A 10% loss on a 1.3M home is a pretty big loss, not to mention that 1.3 is a hard sell in this area even with it being in Wootton. Now add in the smaller pool of buyers being hit by the financial recession and the economic hit to MOCO which will be much bigger than to NOVA based on the tax base, industries impacted and level of existing financial problems and you have a pretty bad situation.

If I were the developers I would stop, wait and reassess but they may not be able to do this financially so they are hoping someone else will make a bad decision. [/quote]

No never going to be NW HS.  That’s ridiculous way too hard for busing.

As for QO maybe. [/quote]

Options

	Disable HTML in this message
	Disable BB Code in this message
	Disable smilies in this message

Review message

Search Recent Topics Hottest Topics