Anonymous wrote:
If you don't have the money for yard work, then you probably bought early. Otherwise, by buying at these prices, you made a mistake.
Anonymous wrote:Anonymous wrote:This community is the perfect example of the irrational exuberance in the current market. Once Toll has finished selling these houses, the resale on them will be brutal. I think we could be looking at 10-20 years for people to break even (unless they bought very early). Arden may be even worse — many of those houses are basically on a highway.
Speaking of Arden, this house has had multiple price reductions from $4m to $3.57m. But it was originally sold for $3.2m in 2022.
https://www.zillow.com/homedetails/1374-Tate-Modern-Ln-Great-Falls-VA-22066/306650206_zpid
Anonymous wrote:If you want new (and we did) and this size, this neighborhood is one of the few choices you have in North Potomac. Quality is average, but we've not had any large issues (knock on wood). Buying process is not a luxury experience. But, when you buy new, you avoid having to compete for preexisting homes and can spec the interior largely to your liking. There's some value in that.
For the hamlets and orchards, the HOA fee takes care of gardening. I didn't want a yard because I have no time, money, or desire to have yard work done.
If you can find brand new, similar sized houses being built in new neighborhoods in this area for considerably cheaper, please share with the group.
Anonymous wrote:If you want new (and we did) and this size, this neighborhood is one of the few choices you have in North Potomac. Quality is average, but we've not had any large issues (knock on wood). Buying process is not a luxury experience. But, when you buy new, you avoid having to compete for preexisting homes and can spec the interior largely to your liking. There's some value in that.
For the hamlets and orchards, the HOA fee takes care of gardening. I didn't want a yard because I have no time, money, or desire to have yard work done.
If you can find brand new, similar sized houses being built in new neighborhoods in this area for considerably cheaper, please share with the group.
Anonymous wrote:Anonymous wrote:Anonymous wrote:Anonymous wrote:This community is the perfect example of the irrational exuberance in the current market. Once Toll has finished selling these houses, the resale on them will be brutal. I think we could be looking at 10-20 years for people to break even (unless they bought very early). Arden may be even worse — many of those houses are basically on a highway.
Speaking of Arden, this house has had multiple price reductions from $4m to $3.57m. But it was originally sold for $3.2m in 2022.
https://www.zillow.com/homedetails/1374-Tate-Modern-Ln-Great-Falls-VA-22066/306650206_zpid
That house has the strangest price history. Looks like Toll originally put it on the market for $2.2. The owners bought it for $3.2 then immediately relisted it a week later. The photos are insane -- you overlook a highway! Even for $2.2, why would anyone want that?
Is this one of the model homes?
Anonymous wrote:Anonymous wrote:Genuinely curious, why are there so many people commentating on these being too experience? Do you all also complain about other consumer products that are too expensive?
Genuinely curious, why do people find it odd that, on a message board about local real estate, commenters would discuss whether that real estate is appropriately priced?
Anonymous wrote:Genuinely curious, why are there so many people commentating on these being too experience? Do you all also complain about other consumer products that are too expensive?
Anonymous wrote:Anonymous wrote:Anonymous wrote:This community is the perfect example of the irrational exuberance in the current market. Once Toll has finished selling these houses, the resale on them will be brutal. I think we could be looking at 10-20 years for people to break even (unless they bought very early). Arden may be even worse — many of those houses are basically on a highway.
Speaking of Arden, this house has had multiple price reductions from $4m to $3.57m. But it was originally sold for $3.2m in 2022.
https://www.zillow.com/homedetails/1374-Tate-Modern-Ln-Great-Falls-VA-22066/306650206_zpid
That house has the strangest price history. Looks like Toll originally put it on the market for $2.2. The owners bought it for $3.2 then immediately relisted it a week later. The photos are insane -- you overlook a highway! Even for $2.2, why would anyone want that?
Anonymous wrote:Anonymous wrote:This community is the perfect example of the irrational exuberance in the current market. Once Toll has finished selling these houses, the resale on them will be brutal. I think we could be looking at 10-20 years for people to break even (unless they bought very early). Arden may be even worse — many of those houses are basically on a highway.
Speaking of Arden, this house has had multiple price reductions from $4m to $3.57m. But it was originally sold for $3.2m in 2022.
https://www.zillow.com/homedetails/1374-Tate-Modern-Ln-Great-Falls-VA-22066/306650206_zpid
Anonymous wrote:This community is the perfect example of the irrational exuberance in the current market. Once Toll has finished selling these houses, the resale on them will be brutal. I think we could be looking at 10-20 years for people to break even (unless they bought very early). Arden may be even worse — many of those houses are basically on a highway.
Anonymous wrote:This community is the perfect example of the irrational exuberance in the current market. Once Toll has finished selling these houses, the resale on them will be brutal. I think we could be looking at 10-20 years for people to break even (unless they bought very early). Arden may be even worse — many of those houses are basically on a highway.