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Post by aj2hall on Oct 13, 2024 1:22:26 GMT
www.compass.com/listing/11900-river-road-potomac-md-20854/1572526240814555385/Here's the crazy part www.washingtonpost.com/dc-md-va/2024/10/12/daniel-snyder-mansions-potomac-fairfax/The challenge of selling this property, which includes a three-story guesthouse, is that it has come to feel a bit dated for high-end buyers, said Sarah Hake, an agent with the Compass realty firm who specializes in high-end real estate and toured the property.
“The problem in a nutshell is, at that price point, buyers are looking for a turnkey solution,” Hake said. “And both homes, while the land itself is beautiful, most luxury buyers at that price point will consider them tear downs.”
To most people, the idea of buying and then tearing down a 25,000-square-foot mansion might seem ludicrous. But, Hake said, wealthy buyers want higher ceilings and larger entertaining spaces than the home offers, so it “would need an extensive renovation to suit today’s buyer.”The VA house - part of the land used to be part of Washington's original Mt Vernon estate www.sothebysrealty.com/ttrsir/eng/sales/detail/766-l-3012-38rrcd/7979-e-boulevard-drive-alexandria-va-22308
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Post by revirdsuba99 on Oct 13, 2024 1:47:50 GMT
Nutz!!
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Post by rymeswithpurple on Oct 13, 2024 2:18:54 GMT
And this is (partially) why DH and I will never buy a house while we're in this area.
We considered putting in an offer on a 940 sq. ft. house that eventually sold for $399,900 (we didn't plan on offering that much). The same house sold for $37,000 in 1979. Unreal.
Edit: Did you see the property taxes on the Virginia one? $436,185 ... A YEAR. Ridiculous.
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snyder
Pearl Clutcher
Posts: 4,342 
Location: Colorado
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Post by snyder on Oct 13, 2024 2:38:35 GMT
Goodness. Nice homes, but geezzz, I can't imagine living in such luxury. I wouldn't know how to act.
The way I see it, if I didn't do any upgrades to my home over the years of living in it, then I would expect to not get top dollar price. I think they just need to face the fact that they will need to lower the price some to compensate for the home being outdated.
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Post by Zee on Oct 13, 2024 8:36:27 GMT
Not so much outdated (built 2018) as devoid of personality or charm.
The amount of hoarded wealth that exists in this country is obscene.
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maryannscraps
Pearl Clutcher
Posts: 4,803
Aug 28, 2017 12:51:28 GMT
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Post by maryannscraps on Oct 13, 2024 10:07:43 GMT
So sterile. There’s nothing interesting about that house at all. Even the landscaping is boring to nonexistent. What a waste of resources.
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Post by hop2 on Oct 13, 2024 11:17:10 GMT
Higher ceilings? The MD is nothing but 2 story spaces except for the bedrooms. And the bedrooms all look large enough to host a party inside. My kids friends have parties in apartments that would fit inside those bedrooms. Kinda baffled.
The VA one is decorated kind of drearily and it makes some spaces feel closed in when they are not. Definitely says cranky bossy old man in the decor.
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Post by gillyp on Oct 13, 2024 11:46:45 GMT
I think its a stunning place! The Potomac one, I can't see the second. I'm not keen on the wood that's in some rooms, the green bathroom is yuck and all the stainless steel in the kitchen is awful but the home itself is stunning imho.
Sadly, even if I could afford it, I wouldn't know how to live in somewhere so large; I'd be wandering around only part of it in the main, I'm sure.
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SweetieBsMom
Pearl Clutcher
Posts: 4,785
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Post by SweetieBsMom on Oct 13, 2024 12:51:23 GMT
I think its a stunning place! The Potomac one, I can't see the second. I'm not keen on the wood that's in some rooms, the green bathroom is yuck and all the stainless steel in the kitchen is awful but the home itself is stunning imho. Sadly, even if I could afford it, I wouldn't know how to live in somewhere so large; I'd be wandering around only part of it in the main, I'm sure. Same. |
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Post by monklady123 on Oct 13, 2024 13:13:40 GMT
And this is (partially) why DH and I will never buy a house while we're in this area. We considered putting in an offer on a 940 sq. ft. house that eventually sold for $399,900 (we didn't plan on offering that much). The same house sold for $37,000 in 1979. Unreal. Edit: Did you see the property taxes on the Virginia one? $436,185 ... A YEAR. Ridiculous. I don't live in Fairfax. We're closer to DC and our prices are outrageous also. We bought our house in 1998 for $229,000. That wouldn't even get you a garage today.  We just bought in at the right time. There's a house for sale down the street from me for $1.4 million that's only a bit bigger than ours. Nicer of course, since it's been renovated/added onto. But still, wow. Dh and I always say that we don't understand how any ordinary young family can buy a house around here these days. We do have one of the Washington Capitals' (hockey) players up the street, but you know he can afford it. And two young lawyers are renting across the street from me (a State Department family who are overseas right now owns the house) -- for $7,000 per month! omg. That's almost three times what our mortgage was.  Yeah, it's crazy. |
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Post by rymeswithpurple on Oct 13, 2024 13:17:26 GMT
monklady123 We're in Alexandria, but the house we were looking at was farther out (PW county). And now I'm super curious who your down the street neighbor is. Haha.
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Tearisci
Pearl Clutcher
Posts: 3,248
Nov 6, 2018 16:34:30 GMT
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Post by Tearisci on Oct 13, 2024 13:27:27 GMT
My DS and SIL moved from Petworth in DC proper to buy a house. They both do very well but ended up in Manassas which is as close in as they could afford. They're super happy out there but now they're an hour from DC on the train. They couldn't find anything in their price range closer in.
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Post by monklady123 on Oct 13, 2024 13:36:18 GMT
monklady123 We're in Alexandria, but the house we were looking at was farther out (PW county). And now I'm super curious who your down the street neighbor is. Haha. lol. It's Tom Wilson. |
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Post by mommaho on Oct 13, 2024 14:11:18 GMT
We lived in Burke which is in Fairfax County from 1983 - 1988. We purchased our 3 bedroom for $89,000 and when we sold it in 1988 there was a bidding war and it went for double our purchase price. Made our move back to Ohio being able to purchase a much larger home than we anticipated!
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Post by rymeswithpurple on Oct 13, 2024 14:28:04 GMT
Tearisci We were looking near-ish to there. It's crazy. monklady123 Haha, love it. He's one of my faves. mommaho Burke is a nice area! DH had an interview early this year in Indiana and we were so convinced he was going to get it, and we could've bought a house in cash. Sigh. Just gotta keep looking.
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Post by melanell on Oct 13, 2024 15:42:28 GMT
So sterile. There’s nothing interesting about that house at all. Even the landscaping is boring to nonexistent. What a waste of resources. And then if they tear them down and rebuild it's an even greater waste of resources. |
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Post by melanell on Oct 13, 2024 15:48:43 GMT
There's almost nothing appealing to me about either of those houses. The one in the listing, I at least like some of the wood elements, but that is it.
If I won one of those ridiculous billion dollar plus lotteries I'd rather buy 200 $300,000 houses* and then give them away than buy one $60 million dollar house. And with my remaining millions, I'd do everything I ever dreamed of doing with the house I already own, then start planning my future travels, and be perfectly content.
(*Just to clarify, I live in an area where one can purchase an older, but perfectly livable house of say 1500-1800 sq. ft., with 3 bedrooms & 1.5 to 2 bath for that price.)
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Post by mommaho on Oct 15, 2024 22:34:34 GMT
mommaho Burke is a nice area! DH had an interview early this year in Indiana and we were so convinced he was going to get it, and we could've bought a house in cash. Sigh. Just gotta keep looking. It was very nice - I can't even imagine how much our old home is selling for now! |
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Post by Bridget in MD on Oct 16, 2024 17:50:58 GMT
I can't see the WaPo house but i think Dan Synder, former owner of the Redskins, owned it.
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Post by FrozenPea on Oct 16, 2024 18:37:14 GMT
Beautiful homes! I can't imagine tearing them down.
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Post by aj2hall on Oct 16, 2024 21:12:13 GMT
I can't see the WaPo house but i think Dan Synder, former owner of the Redskins, owned it. Yes, he owns both houses or used to. (Technically, he gave one to the American Cancer Society and they listed it) Which begs the question, why does anyone need 2 houses like that in the same area? Here's a gift article. You should be able to see it without a paywall wapo.st/4hauFX6 |
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We just bought in at the right time. There's a house for sale down the street from me for $1.4 million that's only a bit bigger than ours. Nicer of course, since it's been renovated/added onto. But still, wow. Dh and I always say that we don't understand how any ordinary young family can buy a house around here these days. We do have one of the Washington Capitals' (hockey) players up the street, but you know he can afford it. And two young lawyers are renting across the street from me (a State Department family who are overseas right now owns the house) -- for $7,000 per month! omg. That's almost three times what our mortgage was. 
