Anonymous wrote:This is the definition of overbuilding. There was a house in Rockville a while back where they were asking something like $1.5-2M even though homes in the neighborhood are $600-800k.

Homes in Twinbrook are $350-500k. Massively overbuilding in the location. They will have to eat tremendous sunk cost to sell that thing. Schools in Twinbrook are bad.

Location wise Twinbrook is fantastic though.

RM cluster is not bad for schools.

Anonymous wrote:This is the definition of overbuilding. There was a house in Rockville a while back where they were asking something like $1.5-2M even though homes in the neighborhood are $600-800k.

Homes in Twinbrook are $350-500k. Massively overbuilding in the location. They will have to eat tremendous sunk cost to sell that thing. Schools in Twinbrook are bad.

Location wise Twinbrook is fantastic though.

Nothing has sold for $350K in Twinbrook for years. We stole something there for $360K and that was five years ago and it was a mess, but would have been bid way up if they had waited for other offers. There have also been sales for over $500K although that’s not happening anymore in the past few months.

I’d like to have some of whatever those owners are smoking.

Anonymous wrote:

Anonymous wrote:Those roof peaks are killing me.

And yes, it’s an addition - google maps still has the old house.

I think it was a teardown. The google maps picture looks like it was about to fall over.

Yes it is new. Saw it when it was being built from the ground up.

This is the definition of overbuilding. There was a house in Rockville a while back where they were asking something like $1.5-2M even though homes in the neighborhood are $600-800k.

Homes in Twinbrook are $350-500k. Massively overbuilding in the location. They will have to eat tremendous sunk cost to sell that thing. Schools in Twinbrook are bad.

Location wise Twinbrook is fantastic though.

$400k.

Max.

Picture 10 - that vent would be SO ANNOYING.

Anonymous wrote:Those roof peaks are killing me.

And yes, it’s an addition - google maps still has the old house.

I think it was a teardown. The google maps picture looks like it was about to fall over.

They over improved it for the area, especially for the street. The comps absolutely will NOT support a price even remotely close to $1M. You would need an all-cash buyer, and all-cash is not looking in this neighborhood. It is a solidly working class neighborhood, that likely wants to remain that way (nothing wrong with that).

Max this house will sell for is $650K. Maybe in Q1 it would have sold for $700K, maybe.

Oh even the back is terrible. No idea. Just an awful house all around from the floors to the tile to the door to nowhere in back. Maybe when the market hotter but I can't imagine this going for that price now.

Those roof peaks are killing me.

And yes, it’s an addition - google maps still has the old house.

Ouch...terrible curb appeal. It looks like a bad addition.

Maybe but really cheaply done.

https://www.zillow.com/homedetails/920-Grandin-Ave-Rockville-MD-20851/37101602_zpid/?utm_campaign=iosappmessage&utm_medium=referral&utm_source=txtshare

Is this a realistic price point?