Anonymous wrote:Anonymous wrote:What do we think about this one? $4.6 million. Interesting that the builder purchased the lot for $1.45M and priced it at first at $4.3 before raising the price to $4.6 after about two weeks.
So much profit is possible the home building. At least this one lists who the builder is.
https://www.redfin.com/VA/Mc-Lean/7011-Elizabeth-Dr-22101/home/9393189
Just saw this house has been relisted again at $4.2M.
Anonymous wrote:Anonymous wrote:What do we think about this one? $4.6 million. Interesting that the builder purchased the lot for $1.45M and priced it at first at $4.3 before raising the price to $4.6 after about two weeks.
So much profit is possible the home building. At least this one lists who the builder is.
https://www.redfin.com/VA/Mc-Lean/7011-Elizabeth-Dr-22101/home/9393189
Just saw this house has been relisted again at $4.2M.
Anonymous wrote:What do we think about this one? $4.6 million. Interesting that the builder purchased the lot for $1.45M and priced it at first at $4.3 before raising the price to $4.6 after about two weeks.
So much profit is possible the home building. At least this one lists who the builder is.
https://www.redfin.com/VA/Mc-Lean/7011-Elizabeth-Dr-22101/home/9393189
Anonymous wrote:If someone is looking for the more modern look like the second house, then this could be a good option
https://www.redfin.com/VA/Mc-Lean/7216-Davis-Ct-22101/home/9397066
Anonymous wrote:Anonymous wrote:We have close family moving from out of state to McLean with a budget of ~4 million. Wanted to get feedback and criticism on these two properties that they recently toured:
1. https://www.redfin.com/VA/Mc-Lean/8310-Weller-Ave-22102/home/9265755
2. https://www.redfin.com/VA/Mc-Lean/893-Georgetown-Ridge-Ct-22102/home/109702428
Both of these homes have still not sold.
893 Georgetown Ridge Ct was removed from the market without being sold. I wonder if it will be rented or if the builder is going to try to fix the problems.
Rough time for real estate in McLean.
Anonymous wrote:We have close family moving from out of state to McLean with a budget of ~4 million. Wanted to get feedback and criticism on these two properties that they recently toured:
1. https://www.redfin.com/VA/Mc-Lean/8310-Weller-Ave-22102/home/9265755
2. https://www.redfin.com/VA/Mc-Lean/893-Georgetown-Ridge-Ct-22102/home/109702428
Anonymous wrote:Anonymous wrote:Anonymous wrote:What do we think about this one? $4.6 million. Interesting that the builder purchased the lot for $1.45M and priced it at first at $4.3 before raising the price to $4.6 after about two weeks.
So much profit is possible the home building. At least this one lists who the builder is.
https://www.redfin.com/VA/Mc-Lean/7011-Elizabeth-Dr-22101/home/9393189
Please help me understand if I am missing something.
This builder is well known and actually posts the prices on their website for building various models on your lot. This build looks like it would cost about $1million for just the home if you asked them to build it on a lot you already owned. (Plus probably some site work costs and permits?) So if the lot costs the builder $1.45M and the house costs $1M to build.
How do they get to a price point of $4.6M? Is the up charge for a spec home really that significant? Or are the finishes on this house that superior to what they normally include in their homes.
It was already said before - they are fielding out offers for buyers willing to overpay. In this market and location, it makes sense.