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Reply to "why new builds in mclean lose values over time?"
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[quote=Anonymous][quote=Anonymous][quote=Anonymous]At certain price points the price stagnate for a while. Your best investment at that price range is to build new. We recently built a 8000SF home in a good McLean zip code inside the beltway for 1.3M (Inc land) and it was appraised at 2.3M this year.[/quote] 8000sqft cost minimum 700k to build, 1.3M is impossible incl land[/quote] How is that possible? Asking nicely to please elaborate [/quote]
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