Choices for decor are very dated looking.

Anonymous wrote:Stunning. Breathtaking. The most amazing house I've ever seen. The epitome of luxury living.

Realtor, really trying hard to sell your mosquito sanctuary.

Anonymous wrote:https://redf.in/2suQjw

I love this one. The back is so cool and different.

What a useless backyard. And maintenance of that deck structure will be $$$$. Hope it never fails, that is a dangerous fall.

Stunning. Breathtaking. The most amazing house I've ever seen. The epitome of luxury living.

Anonymous wrote:

Anonymous wrote:That is a tear down in this neighborhood. I would be surprised if a developer doesn't buy it to tear down and replace with a 4M house.

No, it's not. It's a beautifully maintained mid-sized and mid-priced property for that neighborhood. The houses that get torn down are older ramblers that aren't as nice or well kept as this, and they tend to sell for $1.2-1.5 million.

Midprice in Mclean appears to be more than 2 mil now The floor for an SFH that's not in a funky location or weird small lot is around 1.5, which is where a lot of tear downs are priced. Anything below 2 mil is on the lower end for the SFH, not midprice. This house itself is worth around 300K, because the land it sits on is worth at least 1.5mil based on recent sales. What can you build for 400K, a trailer?

This is the listing of the house right next door, that's also for sale. Back in 2023 the old house (tear down) was sold for 1.5 mil. It's been sitting for a long time from what it looks like on Zillow, but eventually it will sell, and the builder isn't in a hurry to lower the price by much to move it.

https://www.zillow.com/homedetails/1434-Waggaman-Cir-Mc-Lean-VA-22101/51752860_zpid/?utm_campaign=zillowwebmessage&utm_medium=referral&utm_source=txtshare

If you look at the sales map, there were several old properties in the area that went for higher than 1.5 for a tear down.

So, to answer the question whether this will be a tear down, it absolutely can, but you won't know. It can go either way. if there is a buyer who is in love with this specific lot and this area and has deep pockets, or there is a developer who can capitalize on this, it will be torn down. The area had recent sales north of 4 mil for new construction homes.

Whether it's a shame that someone may tear it down is a different issue. I think getting a housing structure for 400K, that's fairly spacious and not super dated and is move in ready is on the low end of pricing. Midprice homes are in 2 millions now in the areas where new construction is over 4 mil.

Anonymous wrote:That is a tear down in this neighborhood. I would be surprised if a developer doesn't buy it to tear down and replace with a 4M house.

No, it's not. It's a beautifully maintained mid-sized and mid-priced property for that neighborhood. The houses that get torn down are older ramblers that aren't as nice or well kept as this, and they tend to sell for $1.2-1.5 million.

Anonymous wrote:

Anonymous wrote:That is a tear down in this neighborhood. I would be surprised if a developer doesn't buy it to tear down and replace with a 4M house.

No. The $4m rebuilds in that neighborhood have lingered. Given the dearth of sub-$2m houses in McLean, I imagine this will go under contract soon. It’s not for me (I need a yard for my kids), but it’s a lovely home for another family.

TBH there is a glut of these huge luxury homes north of 4 mil all over Mclean in every neighborhood, and they are lingering. Maybe demand for them is dying and buyers are pickier looking for very specific specs, type of area, lot, scenery, overall design, etc. They have so much to choose from. It's why you see some of these 4.5 mil homes sell quickly while others sit for many months.

But people who cannot afford homes over 2.5 mil (which is now the price of an old dated mcMansion) have few pickings, as most of the old 50s split levels and ramblers are going to the developers or require $$$ renovations to get them modernized, which isn't what everyone wants to do. At the same time owners of these old homes don't want to invest into renovating them either, knowing they will have to sell for the price of land in the environment where construction and renovation costs are insanely high. Which further reduces the stock of livable, renovated, more affordable older homes.

Anonymous wrote:That is a tear down in this neighborhood. I would be surprised if a developer doesn't buy it to tear down and replace with a 4M house.

Why haven't they already?

Anonymous wrote:That is a tear down in this neighborhood. I would be surprised if a developer doesn't buy it to tear down and replace with a 4M house.

No. The $4m rebuilds in that neighborhood have lingered. Given the dearth of sub-$2m houses in McLean, I imagine this will go under contract soon. It’s not for me (I need a yard for my kids), but it’s a lovely home for another family.

Anonymous wrote:That is a tear down in this neighborhood. I would be surprised if a developer doesn't buy it to tear down and replace with a 4M house.

Wrong.

That is a tear down in this neighborhood. I would be surprised if a developer doesn't buy it to tear down and replace with a 4M house.

Anonymous wrote:Two bathrooms up, I don’t see it going for more than 2 unless it’s torn down for a $5m house.

This is not a tear down, lol.

Anonymous wrote:Parking would be a problem for a typical family with more than 1 car. Only 1 car garage and a narrow driveway, that would have to be expanded to accommodate another vehicle.

If you look at the street view, you can see room in the driveway for another car in addition to the space in the garage.

Parking would be a problem for a typical family with more than 1 car. Only 1 car garage and a narrow driveway, that would have to be expanded to accommodate another vehicle.

Cute place. Would never live that close to a stream as someone who is afraid of animals but perfect for the right family.