Reply to 11 MILLION?? What..?

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[quote=Anonymous][quote=Anonymous][quote=Anonymous][quote=Anonymous][quote=Anonymous]Well the buyer bought it for $4.5 million in 2022 before renovating it so $11 million might be right. For very expensive properties, it’s really a guessing game as to what the right price is. So I can’t blame them for starting out at $11 million. [/quote]

Ummm are you the listing agent? .5 Milllion  does not warrant 11 million FOUR years later for a reno. [/quote]
+1
They slightly overpaid in '22 (should have been $4 tops) and then basically deconstructed it. [b]Where they did "renovate" those are nothing more than the cheapest big box finishes. [/b]No way should this be out of the $4s.[/quote]
No clue whether they’ll get their asking price, but those are not cheap finishes.
[/quote]
Actually they absolutely are. Look at the bathroom vanities - that is a very inexpensive brand. The counter thicknesses are the cheapest. The fake stone is the cheapest color option. Then look at the bathroom fixtures. Incredibly cheap brand & finishes, just pressure balance, not thermostatic, they didn't recess the pool cover (excuse was probably b/c of the clipped corners, but that's just laziness), the light fixtures are incredibly cheap, where they replaced windows they used the cheapest ones allowed by CP historic, etc. We have renovated a few DC houses in the price range they are asking. This is not an expensive renovation.[/quote]

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