BG appears to have an attractive rate buy down incentive at the moment. And two spec homes that were previously listed as sold are back as available. Wonder what all is going on with that development of late. |
Wonder if any of these developments would be willing to help with closing, especially if they’re already offering promotional interest rates. |
Prices for the ready built homes are $900k and $950k. I wonder if these values will hold… |
| This comment may not be helpful, but the Westside Shady Grove one - look REALLY closely at that area before you buy. My family refers to it as "Dumpview" because the waste transfer center is right there. I can't imagine spending upwards of $700K on a home in such an awful location, and if you're a city person, forget it - it's not walkable to much of anything and it's super suburban. |
| Do not live in Gaithersburg. You’ll never get your money back. It’s an investment. Treat it like one that you want to appreciate. Dc or north Bethesda if you must. |
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There’s also this community:
Farmstead District/King Farm by EYA https://www.eya.com/townhomes/rockville-md/farmstead-district? They claim homes start in the 700s-900s but once you add all the customizations you’re looking at $1M+. |
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Think I have narrowed things down. It is between the Reservoir District (Bloomingdale) which will be ready in early 2025 and Brookland Grove (Brookland) which is ready now. Brookland generally seems to have less infrastructure (grocery, retail, restaurants) and lacks walkability which I am big on, whereas Bloomingdale has more/the Reservoir will be building further retail/restaurants. Not sure if it worth taking the plunge now even though I do not love the Brookland neighborhood or waiting >1 year for something (Reservoir) that may not be affordable/doable in the end; pricing could be $1.1M+ for my desired floorplan. Thoughts?
Reservoir District https://www.reservoirdistrict.com/live Pros Super walkable with a grocery store and other retail, restaurants planned Will have amenities like a pool and gym Cons Have to wait >1 year to move; homes will be delivered Q1'25 Pricing could be out of reach/interest rates might keep climbing. They have not officially released pricing, but some staff anticipate the bigger floor plan (2400 square feet) might be $1.1M+. This is more than I am comfortable spending. Brookland Grove https://www.tripointehomes.com/dc/washington-dc/brookland-grove Pros Can move now Some deals are available with the builder Comfortable with price Cons No walkable grocery store-- by walkable I mean 10-12 min walk Walkability is generally lacking and is a big downgrade from where I am currently living in the suburbs. There are some fast casual places within a few minutes and I know they are opening an orange theory. If you walk a little more there are some other restaurants, but overall infrastructure seems to pale in comparison to Bloomingdale/the Reservoir development Homes might be slightly overvalued given lack of infrastructure/cachet? Brookland homes have been sitting on the market somewhat longer than homes in other neighborhoods May regret moving here since it just does not have the infrastructure I am seeking No amenities within the development (e.g., clubroom, gym) |
| I’d go with the Reservoir District - buy a smaller unit if you have to. EYA doesn’t go into areas unless they’re going to be successful. |
I have been weighing both, too. One thing I keep coming back to is I prefer the exterior style of the Brookland Grove homes to what EYA tends to build. Brookland Grove
EYA community at Riggs Park
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If you have a longer time horizon, 2026, this forthcoming EYA development at 3033 Chain Bridge Road in Oakton look like it will be a very nice development with excellent schools and amenities (grocery store, shopping, two park areas):
EYA presentation: https://static1.squarespace.com/static/63d297796012a346e248b482/t/651aeb15ad84583d744b94da/1696262936067/3033+Chain+Bridge+Design+Update+October+2.pdf In the news: https://www.ffxnow.com/2024/01/02/plan-for-mixed-use-development-at-atts-oakton-campus-officially-submitted/ |
The TriPointe/Brookland exterior is definitely beautiful. Waiting for EYA/Reservoir to release pricing and delivery dates to see if going with them is doable. |
Went to the preview/open house today and it was packed. The first units will sell out as soon as the contract sessions open tomorrow, I'm sure. I'm not buying one though as I want a bathtub in the primary suite and that's not an option for these. |
| Reservations start tomorrow at 10am. Cost is $10K. Prices only go up from here. My EYA contact says the next round is likely to be up 2-3% in price. |
Getting a bathtub in the primary suite is pretty rare in new construction townhouses unless an alternative floor plan is offered and you are willing to sacrifice a bedroom, which will impact resale value. |
Yes, that's why I won't be buying one of these. I may take a harder look at renovating my existing house vs. selling and moving. |