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hambone012 OP t1_j4ho3c5 wrote

Reply to comment by uglybushes in Question for those from the north side…: by hambone012

https://www.realtor.com/realestateandhomes-detail/1500-Termon-Ave_Pittsburgh_PA_15212_M35391-01663

Like this house seems very nice inside and out but has been rotting on the market.

Or this one. I just don’t understand

https://www.realtor.com/realestateandhomes-detail/1825-Kleber-St_Pittsburgh_PA_15212_M38727-48936

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skfoto t1_j4huap9 wrote

1500 Termon is on a street where the speed limit is 25 and drivers regularly do 40-50. I once had to pick some stuff up from a neighbor on that street and backing out of their driveway was one of the most terrifying driving maneuvers I’ve ever had to do in my life. It’s like backing out into McKnight Rd. Also the next door neighbors have the loudest dogs I’ve ever heard in my life and let them outside most of the day when the weather is nice.

1825 Kleber has been off-and-on the market since early 2020 when we bought our house. It was full of outdated finishes and carpet from the 1970s that was probably harboring its own ecosystem. They eventually pulled it off the market and spent over a year doing minor cosmetic improvements, basically putting lipstick on a pig, and then relisted it asking probably $50k more than it was worth (at the time; prices have since fallen). As a matter of fact the house next door, of similar size, sold for $15k more last summer in a matter of days. Because it’s actually worth it.

The reason these houses are still sitting is because they’re asking way too much money for what they are.

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ktxhopem3276 t1_j4i5pps wrote

They are overpriced

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hambone012 OP t1_j4kisg0 wrote

Really? How much do you think they are worth?

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ktxhopem3276 t1_j4ld0bg wrote

They are only worth what someone is willing to pay. It’s especially tricky bc they are priced as some of the most expensive in the neighborhood. If I had to guess 300-320 and 260-280. you could get something smaller near the trolly line in bethel or mt Lebanon for those prices with top tier schools.

I don’t think this phenomenon is unique to the north side. I’ve seen plenty of houses in bethel park and mt lebanon sit on the market when they are over priced and the seller is too stubborn to lower the price. the market isn’t crashing like 2008 but the first to suffer over high interest rates are going to be the sellers trying to get a rich price.

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S4ltyInt3ractions t1_j4krzrg wrote

Knock a hundred grand off each

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hambone012 OP t1_j4kubov wrote

No way in 2023 those are 200k houses. The housing market isn’t going to come tumbling down like 08. We may see some houses come down in price but unless people start foreclosing en mass it is what it is.

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ktxhopem3276 t1_j4lhmvg wrote

Here are some houses in my Lebanon and bethel park that have been on the market a long time. I think you can find houses sitting in any neighborhood that are overpriced.

213 days

454 Royce Ave, Pittsburgh, PA 15216

116 days

220 Broadmoor Ave, Pittsburgh, PA 15228

92 days

38 Terraceview Ave, Pittsburgh, PA 15243

89 days

1014 Logan Rd, Bethel Park, PA 15102

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KentuckYSnow t1_j4letxr wrote

Probably because the one on kleber started at 365 and had no yard but a pool, which is a huge liability. The people lived there for like 40 years I bet it needs electrical, plumbing, sewage, or some combination replaced and that's gonna be tens of thousands of dollars on top of paying almost 400k and being on yet another street that is an approach to the McKees rocks bridge.

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CARLEtheCamry t1_j4iq22i wrote

Both are relatively close and downwind from the sewage treatment plant there under the McKees Rocks bridge, maybe

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GottaWanna t1_j4jdx72 wrote

It’s not as much of an issue as people think. I’ve never smelled anything. Now when an animal died in some abandon house’s yard, that was unbearable.

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uglybushes t1_j4hpyzo wrote

You can get houses up the road in shaler where the schools are nicer and it’s safer for the same price. Those are nice homes and would have sold fast 18 months ago, but not now

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hambone012 OP t1_j4hti6n wrote

Yeah the only nice thing the city got is the taxes are a fraction

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uglybushes t1_j4hyylb wrote

They’re less but you get terrible education and higher crime.

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ktxhopem3276 t1_j4i5mvp wrote

Property taxes are lower in the city but income tax is higher

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