Anonymous wrote:It could sell 2.2-2.4. Why would anyone pay new construction pricing for this?
There are many older mcMansions that sell for 3 mil in areas where new construction is north of 4 mil. If this area commands over 4 mil for new construction then you can see older homes in move-in condition that are the same size as new construction go over 2.8 mil easily and often over 3 mil depending.
The question is whether this home is in move-in condition according to the majority of the buyer's tastes. Seems like people are divided there. I like some things about this house and personally don't find its exterior hideous at all. It's interesting and has big windows maximizing privacy and views. I also like the kitchen, it has a nice vibe with a generous and bright dining area, it's different from all these cookie cutter kitchens and isn't dated at all, just its own unique style. Bathrooms are adequate, but some may want to remodel them. The living area seems weird to me and I don't understand the purpose of the bizarre covered "balcony" which makes what must be a "family room" look dark and dingy.