Reply to Feedback on these two McLean houses

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[quote=Anonymous][quote=Anonymous]What do we think about this one? $4.6 million.  Interesting that the builder purchased the lot for $1.45M and priced it at first at $4.3 before raising the price to $4.6 after about two weeks.

So much profit is possible the home building. At least this one lists who the builder is.

https://www.redfin.com/VA/Mc-Lean/7011-Elizabeth-Dr-22101/home/9393189[/quote]

Please help me understand if I am missing something.

This builder is well known and actually posts the prices on their website for building various models on your lot. This build looks like it would cost about $1million for just the home if you asked them to build it on a lot you already owned.  (Plus probably some site work costs and permits?) So if the lot costs the builder $1.45M and the house costs $1M to build.

How do they get to a price point of $4.6M?  Is the up charge for a spec home really that significant?  Or are the finishes on this house that superior to what they normally include in their homes.  [/quote]

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