The ongoing saga of the Silver Spring's internationally infamous "Homicide House" continues to fascinate me. After being on the market for an extended period of time, the house ultimately sold for just $330K this past February. If one disregards the house's disturbing history, this would have to be considered a good bargain for that neighborhood, as the property was recently assessed for $507K and its "Zestimate" is $459K.
Interestingly, the house was almost immediately back on the market, with an asking price of hundreds of thousands more that for what it was purchased - perhaps in an attempt to flip the property for a quick profit. But how would you expect to a long-unsold property for a significantly higher price when a Google search of the address by a prospective buyer would return thousands of references to the tragic events which have taken place there there over the years? Easy - you whitewash its history by changing the address! Meet 9335 Columbia Blvd., the house formerly known as 9337 Columbia Blvd. Now 9337 simply doesn't exist - like the 13th floor of many highrise buildings. A search of the new address returns nothing more than the home's appearance on a variety of real estate sites.
While this is unarguably a clever marketing ruse, if successful it will likely result in some very upset new owners. While by law sellers are not required to disclose crimes that were committed in a property, inevitably any buyer will eventually learn the history of their new house and when they do they are likely to be distressed - and angry. This is apparently what happened when the late Brian Betts initially learned of the double murder that occurred in his home in 2002.
The seller does appear to be motivated, dropping the price in increments of $10-20K a month since the property was put back on the market. Of course, when you only paid $330K, you're still looking at a healthy profit at the current price (it's now @ $479K).
It will be interesting to see at what price this house eventually sells. The optimal situation will be that it is purchased by an unsuperstitious buyer with full knowledge of the house's history who feels they are getting a lot for their money. It's a decent house and it should have someone living there - having it sit there empty for years is a creepy reminder of its past.