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[quote=Anonymous][quote=Anonymous][quote=Anonymous][quote=Anonymous][quote=Anonymous]paid 1.9M in 2012, [b]now assessed for only 1.75M[/b], crappy arlington market[/quote]

But the market value would be higher. I wouldn't be surprised if they could get close to $2M. That's a nice house on a huge lot in a great location.
[/quote]

Yup. The Redfin estimate is $2.2M - sounds much closer. Nicer pics too. 
https://www.redfin.com/VA/Arlington/1046-N-Edgewood-St-22201/home/11254939[/quote]

Redfin's basing that on the fact  the current owner's shell overpaid in the first place. It sold for $100,000 less than asking in 2012 and a month latter was put back on the market for $300,000 over what they paid. No idea why the daughter/shell agreed to what couldn't have been a very nice flip but they did.

Which begs the question - how many homes are selling at 'market rate' to foreign investors or blood money rich contractors and not at the actual value of the home? It's great for the former owners who cashed in, just wondering what the the future buyers are going to think. [/quote]

IMO the Redfin estimate sounds pretty close just looking at the house/lot/location. No even taking previous sales price into consideration. 
[/quote]

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