Can anyone explain to me why this house has not sold (Baltimore: sale, apartment complex)

[james777]

Originally Posted by BMoreJuice

I don't think the riots and location is the culprit to why this house hasn't sold. If the riots were a factor, then why has nobody fled? If location was the factor, why do people in Guilford live were they live? Baltimoreans tend to accept where their house borders, which means that two blocks from the ghetto is not a big deal. I just think that its a very expensive house and people are not looking to spend a huge amount on a home. Plus in this price range its generally old money. Bolton Hill Is the closest environment to antique Baltimore and a highly desired neighborhood. Reservoir Hill is also a cheaper alternative for the same house and quit frankly, even more architectural intriguing. And Bufflove hits in on the nail, its very expensive to maintain.

But it will sell, price needs to come down a little bit.

The above post best explains why the house hasn't sold. In simple terms, it is priced too high. One also has to question zillow and their estimates. Could this house really command over $4,000 a month in rent? Probably not.

I can remember about twenty years ago, one could buy one of these old mansions in Bolton Hill for less than a house in a nice suburban neighborhood. Today, houses in that nice suburban neighborhood that I compared them to are selling for about $375,000, which means that properties in Bolton Hill have been appreciating at a much faster rate in recent years. Sellers see this trend and try to push the limit. Lower the price and there should be no problem selling.

[james777]

Originally Posted by 640TAG

That such a beautiful, immaculate Georgian house in a very grand neighbourhood in a major American city can be had for such money. What on earth would a similar property fetch in DC or NYC? Totally out of context I appreciate, but in London in a central neighbourhood (which is, along some SW and NW suburbs and the East End, is the only place you would find such a house), you would be looking at at least $5M. More in the swankiest postcodes. Manhattanites could afford the Bolton Hill house as a pied a terre. Why don't they? I KNOW Baltimore is not London or NYC etc, but the sheer bang for bucks IS staggering.

Obviously too much otherwise it would have sold, and I KNOW it's Baltimore, but that is an utter bargain in anyone's money. Heck, I could sell up, buy it for cash and have enough over on which to live very comfortably for my remaining days.

Which may be fewer if I moved to Baltimore. Yadda, yadda

I wouldn't think a New Yorker would have a pied a terre in Baltimore, but I have met quite a few Baltimoreans who kept a pied a terre in NYC. When the Inner Harbor and Federal Hill became more developed, some Washingtonians kept a place in Baltimore in addition to their boat so that they could use Baltimore as a base to pursue weekend boating on the Chesapeake.

[Pooks1976]

First, street parking? For that price in Baltimore I expect dedicated parking! A parking space is worth more than all those bedrooms. Second who is the buyer for that house? As someone said, a family will take their money to where the schools are better. E mpty nesters may not need or want a house so big. Better to get a smaller place in federal hill with parking.

[Calvert Hall '62]

Originally Posted by 640TAG

1530 Bolton St, Baltimore, MD 21217 | MLS #BA8712939 | Zillow

I think it's one of the most staggeringly beautiful houses I've ever seen. Decor a little chintzy in places, but what the heck. Great area. Exquisite in every department. And for the price of a 1 bed apartment in this suburb. I appreciate it's top market for Baltimore, but surely this is worth every cent? I find it staggering.

Left-wing moonbats from London where real estate is $1,000 a sq. ft. are impressed with US urban real estate.

[640TAG]

Originally Posted by Calvert Hall '62

Left-wing moonbats from London where real estate is $1,000 a sq. ft. are impressed with US urban real estate.

Ooh I'm not leftwing! Well, by Trump standards, but that excludes any human with cogent understanding. I could introduce you to friends who think I am ANYTHiNG but left wing.

Frankly, if I were in the position of imminent exchange of contracts (or however it works there) on this property, the thing that would be making me wobble is the prospect of Mayor DeRay Mckesson.

Thanks to everyone else who has responded. I guess I knew it anyway, but the sheer craziness of that much exquisite house (as opposed to how much McMansion) for so (relatively) little money just blows me away. I sort of think I would put up with tactical nuclear war going on two blocks away to actually live in the thing.

[Calvert Hall '62]

Originally Posted by 640TAG

Ooh I'm not leftwing! Well, by Trump standards, but that excludes any human with cogent understanding.

Yup


Donald Trump's Top 10 Liberal Heresies | Mother Jones

Originally Posted by 640TAG

I could introduce you to friends who think I am ANYTHiNG but left wing

The George Soros Fan Club -- Eurotwit Division

[bufflove]

Originally Posted by Calvert Hall '62

Yup


Donald Trump's Top 10 Liberal Heresies | Mother Jones







The George Soros Fan Club -- Eurotwit Division

Have you ever actually added anything worthwhile to a conversation? I know it's boring out in the middle of nowhere, but do you honestly have nothing better to do with your life than make dumb comments in a thread about a place you have zero relation to?

[Calvert Hall '62]

Originally Posted by bufflove

Have you ever actually added anything worthwhile to a conversation? I know it's boring out in the middle of nowhere, but do you honestly have nothing better to do with your life than make dumb comments in a thread about a place you have zero relation to?

Zero relation to?


Well uh, I was born 'n' raised in Balamer, spent 30 yrs. there, and cried bitterly as it devolved into a cesspool.


The other guy was orgasmic over an overpriced urban dwelling and I merely pointed-out that his view was colored by the fact that he's from a city which features arguably the most expensive real estate in the world.

[640TAG]

Originally Posted by Calvert Hall '62

The other guy was orgasmic over an overpriced urban dwelling and I merely pointed-out that his view was colored by the fact that he's from a city which features arguably the most expensive real estate in the world.

Nope, I'd say NYC is more expensive.

So? I'd already conceded that there was no context between the places - merely that it appeared to be a fabulous house (I see it says 1920s on the details - it looks a lot older than that) for not a lot of money, comparatively speaking. No need to get abusive. You sound bored. Maybe you should move back in where there is some life.

[pwduvall]

Originally Posted by 640TAG

Nope, I'd say NYC is more expensive.

So? I'd already conceded that there was no context between the places - merely that it appeared to be a fabulous house (I see it says 1920s on the details - it looks a lot older than that) for not a lot of money, comparatively speaking. No need to get abusive. You sound bored. Maybe you should move back in where there is some life.

The state assessment system's property lookup, which everyone calls SDAT, includes a construction date of 1920 on most properties built before 1920. 1530 Bolton Street is assessed for $449K.