Reply to Do you think the Pimmit Hills area will eventually become upscale?

Forum Index » Real Estate

Reply to "Do you think the Pimmit Hills area will eventually become upscale?"

Subject:

Emoticons





More smilies

Text Color: Font: Close Marks

[quote=Anonymous][quote=Anonymous][quote=Anonymous][quote=Anonymous][quote=Anonymous][quote=Anonymous][quote=Anonymous]The best time to get into Pimmit Hills was about five or six years ago when you could still buy a teardown for around $300,000.

If you are looking for ROI, 22042 is better now.  If you want an upscale area, you look elsewhere.

[/quote]
Worse schools, no public transit, cannot opt into McLean High, less amenities.  But ROI is probably decent because there's nowhere to go but up, just like in PH a few years ago and even now. [/quote]

Actually it's already been going up but there's more potential now than in PH.

The rest just goes to whether it's as nice as PH today, not investment potential.   [/quote]

I don't see anything driving 22042 up except for inflation. I would consider it the most vulnerable to a downturn.[/quote]

Location is near Mosaic, Dunn Loring.  Other parts aren't far from EFC Metro.  HS isn't the best now, but is improving and will be renovated.   Plenty of non-HOA neighborhoods, so you can buy for under $450,000 and build the house of your dreams.  Not too different from PH not that long ago.   [/quote]

I haven't seen much building in 22042. The issue is that the schools and area hasn't turned. The schools for pimmit hills were not good until about 2005. I think it's going to take another 20 years for 22042 to improve if  it does at all. I think it may not improve because it seems to attract multiple low income esol families which in turn tends to pull down the schools. Mosaic might help but most people who live there are not typically families.[/quote]

There are new houses.  You don't see them listed because they are one-off teardowns/rebuilds.  That's how it was in PH for years until some builders started putting up spec houses.

But, yeah, every area has its place whether it's 22042, PH or more expensive areas. 
 
 
   [/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