8k sqft? I wouldn’t sell it for that

Anonymous wrote:

Anonymous wrote:that area of potomac is very far out not surprised

I disagree, this is not far out and walking distance to Potomac Village and about 3 miles to beltway.

It's far out there. For $2M, I'll take newer and inside the beltway.

Anonymous wrote:That's an ugly-ass cynical house. It would have appreciated with the market if they had just built a traditional colonial design with less tacky materials.

Aren’t you a (check the bolded). No idea why yo want to insert that word, but it’s truly telling - you can’t afford that home because you’re made of “tacky materials”.

Yes, similar in McLean. Bought in 2005 and my house has a very similar value now even though we have put in probably $300k in upgrades/renos on a 1980s house. 2005 was a very tough time to buy. Very tight and prices through the roof at the time.

As others pointed out, 2005 was peak of a major bubble. There are still houses today selling for what they sold for in 2005-2007. The bust afterwards was significant. Adjusting for inflation, the peak 2005 prices were probably higher than today. And at higher interest rates!

I remember when a house next to my parents sold in 2003 and then 2005, and magically gained 200k in appreciation with no physical changes.

This was actually very common throughout the DMV. People forget just how much of a bubble we were in. I bought my house in 2007 from someone who had bought it in 2005. I paid 15% less than they did. 15% might not sound like a lot, but that was a $125K loss to them (and that's before the 5% commission that went to the agents).

Overpaid in 2005. It's ugly but perhaps looked less ugly back then when it was 20 years newer. It's now old and out of date looking. Reads 80s McMansion.

That's a difficult age for a house in the burbs.

Anonymous wrote:that area of potomac is very far out not surprised

I disagree, this is not far out and walking distance to Potomac Village and about 3 miles to beltway.

2005 was the height of prices, right before the crash. We were looking in the $1.8m range at that time in Arlington. THank golden we didn’t pull the trigger because there was a huge recession and the value of that house (that I loved and was so sad we didn’t get) didn’t recover until 2021 thanks to Covid inflation and low rates.

That's an ugly-ass cynical house. It would have appreciated with the market if they had just built a traditional colonial design with less tacky materials.

that area of potomac is very far out not surprised

Anonymous wrote:July 2005 bought for $1,999,900
January 2026 sold for $2,000,000

I find it a big shocking as it is a nice house on a cul de sac (dead end) walking distance to Village. So a good location.

https://www.redfin.com/MD/Potomac/9809-Tibron-Ct-20854/home/10916274

Not terribly surprised because 2005 was a near peak for real estate in that area (and a lot of other areas). So at the time, it probably wasn't worth 2M. We had the same happen just a few blocks away. Overpaid in 2007, then renovated and sold recently and barely made 150K.

It was built in 1987 and had sold for $1.35M in 2003. And there are no pictures of the interior.

So maybe the 2005 buyer overpaid and it hasn’t been updated much.

July 2005 bought for $1,999,900
January 2026 sold for $2,000,000

I find it a big shocking as it is a nice house on a cul de sac (dead end) walking distance to Village. So a good location.

https://www.redfin.com/MD/Potomac/9809-Tibron-Ct-20854/home/10916274