The actual worth of anything is what someone is willing to pay â€“ and in the current market, there is no shortage of buyers willing to pay top dollar for Maxwell Park homes that are located in the better parts of the area. And once you get across 580 into Laurel, prices start going even higher very quickly.
Hereâ€™s the bottom line: once a home sells in a specific neighborhood for a specific price, it is the new comp for the neighborhood and other prices soon follow suit. And in the current market, with increasing prices, once homes start selling above $400,000, that becomes the new benchmark.
And yes, Maxwell House is a desirable area for home buyers with a certain budget range in mind. And yes, depending on the improvements, conditions, etc. of the properties, many of them ARE worth over $400K