Almost 700k over asking in NW DC

[Anonymous]

Anonymous wrote:

Anonymous wrote:

Anonymous wrote:

Anonymous wrote:

Anonymous wrote:At that price anywhere, I would want a garage, large walk-in closet in master, washer/dryer not in basement, and a large open floor plan ideal for entertaining. This house seems very choppy and the opposite of open concept. The kitchen has been updated but is kind of small and blah.

What's the weather like in Ft. Collins today?

Are you saying you can't find these things in a $2.3 million house in this area? Of course you can.

What is "in this area" ? In the micro market between Connecticut and Wisconsin Aves, walkable to metro and zoned for Deal? Or did you mean Rockville/Vienna/Beverly Hills?

I will wait while you rustle up a handful of houses that have sold **this spring** that include a usable automobile garage, upstairs washer dryer/laundry room, big walk-in closets and an 'open floor plan' --- that are also in the tight geographic area including Wakefield.

I found at least four that sold UNDER 2.3million that have most of these things except a garage, however 1 does have a garage too, and sold for under 2 million.

The point is that most people are not stupid enough to limit themselves to such a small micro market when you can get something that is CLOSER to downtown DC, and has all those things for 2.3 million or less.

Here are two:

https://www.redfin.com/DC/Washington/4714-Chesapeake-St-NW-20016/home/9947508

https://www.redfin.com/DC/Washington/4704-Alton-Pl-NW-20016/home/9947367

I think the realtor nailed it when she highlighted the curb appeal of the home that was the subject of the original post.

We looked for a home in Washington DC and off for nearly 10 years. (Long story.). Man, that house in the OP is a nice looking house, with the perfect floor plan. (Assuming you don’t want open concept, obviously. Which not everyone does.) The other two homes...well, those are lovely homes, as well, and I’ll leave it at that, because I’m not going to insult anyone’s new home on the Internet, or say the owners are stupid for making that choice. So many factors go into choice of a home.

Can’t we all be glad that not ev-er-y-one wants to live in Lyons Park?

[Anonymous]

Anonymous wrote:Even though I've lived near DC in the past, and I get it about the house prices, I am always shocked that a 2 million $ home does not include a garage.

+1

[Anonymous]

Anonymous wrote:

Anonymous wrote:Even though I've lived near DC in the past, and I get it about the house prices, I am always shocked that a 2 million $ home does not include a garage.

+1

It used to have a garage, but they converted it. It still has off street parking.

[Anonymous]

Anonymous wrote:

Anonymous wrote:

Anonymous wrote:

Anonymous wrote:

Anonymous wrote:At that price anywhere, I would want a garage, large walk-in closet in master, washer/dryer not in basement, and a large open floor plan ideal for entertaining. This house seems very choppy and the opposite of open concept. The kitchen has been updated but is kind of small and blah.

What's the weather like in Ft. Collins today?

Are you saying you can't find these things in a $2.3 million house in this area? Of course you can.

What is "in this area" ? In the micro market between Connecticut and Wisconsin Aves, walkable to metro and zoned for Deal? Or did you mean Rockville/Vienna/Beverly Hills?

I will wait while you rustle up a handful of houses that have sold **this spring** that include a usable automobile garage, upstairs washer dryer/laundry room, big walk-in closets and an 'open floor plan' --- that are also in the tight geographic area including Wakefield.

I found at least four that sold UNDER 2.3million that have most of these things except a garage, however 1 does have a garage too, and sold for under 2 million.

The point is that most people are not stupid enough to limit themselves to such a small micro market when you can get something that is CLOSER to downtown DC, and has all those things for 2.3 million or less.

Here are two:

https://www.redfin.com/DC/Washington/4714-Chesapeake-St-NW-20016/home/9947508

https://www.redfin.com/DC/Washington/4704-Alton-Pl-NW-20016/home/9947367

Only one house has sold this spring that meets your requirements, sort of, and sold for under $2.3 --> the Chesapeake home is pretty and has a bigger yard (garage) in a location further from commerce and transit. Welcome to the current (6/9/21) market

[Anonymous]

Anonymous wrote:

Anonymous wrote:

Anonymous wrote:

Anonymous wrote:

Anonymous wrote:At that price anywhere, I would want a garage, large walk-in closet in master, washer/dryer not in basement, and a large open floor plan ideal for entertaining. This house seems very choppy and the opposite of open concept. The kitchen has been updated but is kind of small and blah.

What's the weather like in Ft. Collins today?

Are you saying you can't find these things in a $2.3 million house in this area? Of course you can.

What is "in this area" ? In the micro market between Connecticut and Wisconsin Aves, walkable to metro and zoned for Deal? Or did you mean Rockville/Vienna/Beverly Hills?

I will wait while you rustle up a handful of houses that have sold **this spring** that include a usable automobile garage, upstairs washer dryer/laundry room, big walk-in closets and an 'open floor plan' --- that are also in the tight geographic area including Wakefield.

I found at least four that sold UNDER 2.3million that have most of these things except a garage, however 1 does have a garage too, and sold for under 2 million.

The point is that most people are not stupid enough to limit themselves to such a small micro market when you can get something that is CLOSER to downtown DC, and has all those things for 2.3 million or less.

Here are two:

https://www.redfin.com/DC/Washington/4714-Chesapeake-St-NW-20016/home/9947508

https://www.redfin.com/DC/Washington/4704-Alton-Pl-NW-20016/home/9947367

Those are not closer to downtown.

[Anonymous]

Anonymous wrote:

Anonymous wrote:

Anonymous wrote:

Anonymous wrote:Why would you live in VA when you can afford that in DC? It's beautiful.

Because there is no benefit to living in DC for that money and for what you get? Even including taxes.

You get to live in a beautiful neighborhood. If you move to Lyon Village, you live in... Lyon Village. People who pay that much for a house probably send kids to private and don't worry about being full pay to college.

This is what I was going to say. These are private school people, and isn't that location in proximity to some of the top/$$$ ones? It's probably a good fit for their lives all around.

Not necessarily. Lots of very wealthy people send their kids to Murch, Deal, and Wilson.

[Anonymous]

Those other houses pp listed are not in the same neighborhood & aren’t closer to downtown.

The OP house has been nicely renovated & has an addition, as well as a flat yard (many in that neighborhood don’t). The houses originally had small frame garages that were barely big enough for a car, so most people have replaced them with storage buildings. The house still has off street parking.

The Wardmans like the OP house are great houses — built solid as a rock. I lived in one in that neighborhood and, when we bought the house, the inspector gushed about how well built they are. When we remodeled the kitchen, the contractor couldn’t believe the subfloor was solid lumber (1” x 4”, if I recall), laid on the bias. They do command a premium over wooden frame houses that require more maintenance. I just finished spending a fortune to repair rot in my (beautiful) old
frame house and it made me miss the old brick Wardman.

[Anonymous]

Anonymous wrote:But then you would be living in Lyon Village.

It is more expensive from a tax standpoint to live in Virginia than DC, so other than have a slightly better chance for your kid to attend UVA/VT, there really isn't any benefit.

Yes and you must live with all the sweaty try-hards in Arlington. No thanks!

[Anonymous]

Anonymous wrote:But then you would be living in Lyon Village.

It is more expensive from a tax standpoint to live in Virginia than DC, so other than have a slightly better chance for your kid to attend UVA/VT, there really isn't any benefit.

what do you mean by this? if one makes say $400K, the tax rate in VA is 5% and in DC is 8-9%. the 3% difference is $12K in Virginia's favor. people bring up the car thing, but unless you have a bunch of very fancy cars, I don't see how DC people would pay less taxes. I live in MD and have always wanted to escape to VA for tax purposes, but it would be bad for commute which is more important to me than the $12-15K/year in state/county taxes saved.

https://smartasset.com/taxes/paycheck-calculator#yCNLPYiTfL

when i use the above and put in $400K, married, I see $33K of state and local taxes for bethesda, $22K for Virginia, and $32K for DC. Virginia has a $10K advantage. For someone living in a $2mm+ home who likely makes more than $400K, the difference is even greater.

[Anonymous]

Anonymous wrote:

Anonymous wrote:But then you would be living in Lyon Village.

It is more expensive from a tax standpoint to live in Virginia than DC, so other than have a slightly better chance for your kid to attend UVA/VT, there really isn't any benefit.

what do you mean by this? if one makes say $400K, the tax rate in VA is 5% and in DC is 8-9%. the 3% difference is $12K in Virginia's favor. people bring up the car thing, but unless you have a bunch of very fancy cars, I don't see how DC people would pay less taxes. I live in MD and have always wanted to escape to VA for tax purposes, but it would be bad for commute which is more important to me than the $12-15K/year in state/county taxes saved.

https://smartasset.com/taxes/paycheck-calculator#yCNLPYiTfL

when i use the above and put in $400K, married, I see $33K of state and local taxes for bethesda, $22K for Virginia, and $32K for DC. Virginia has a $10K advantage. For someone living in a $2mm+ home who likely makes more than $400K, the difference is even greater.

DC has lower real estate taxes that offset the higher state/local income tax.

[Anonymous]

Anonymous wrote:

Anonymous wrote:At that price anywhere, I would want a garage, large walk-in closet in master, washer/dryer not in basement, and a large open floor plan ideal for entertaining. This house seems very choppy and the opposite of open concept. The kitchen has been updated but is kind of small and blah.

What's the weather like in Ft. Collins today?

A large open floor plan isn’t ideal for entertaining.

[Anonymous]

Anonymous wrote:

Anonymous wrote:

Anonymous wrote:

Anonymous wrote:Why would you live in VA when you can afford that in DC? It's beautiful.

Because there is no benefit to living in DC for that money and for what you get? Even including taxes.

You get to live in a beautiful neighborhood. If you move to Lyon Village, you live in... Lyon Village. People who pay that much for a house probably send kids to private and don't worry about being full pay to college.

This is what I was going to say. These are private school people, and isn't that location in proximity to some of the top/$$$ ones? It's probably a good fit for their lives all around.

I love how you argue that "these people" aren't concerned with public schools or paying for college, and then turn around and say that "these people" are prepared to suffer some inconvenience because DC. I mean in the private school income bracket I certainly want posher digs.

[Anonymous]

For that money, I would expect some architectural distinction. This house is nice but bare of any detail that isn't found in new builds everywhere. Same windows, same doors, same ceilings. This house is a...box with plastic siding addition.

[Anonymous]

Anonymous wrote:

Anonymous wrote:

Anonymous wrote:Why would you live in VA when you can afford that in DC? It's beautiful.

Because there is no benefit to living in DC for that money and for what you get? Even including taxes.

You get to live in a beautiful neighborhood. If you move to Lyon Village, you live in... Lyon Village. People who pay that much for a house probably send kids to private and don't worry about being full pay to college.

That's just silly. Lyon Village is one of the prettiest neighborhoods - green, sidewalks, architectural variety, walk to so many things...

[Anonymous]

Anonymous wrote:

Anonymous wrote:But then you would be living in Lyon Village.

It is more expensive from a tax standpoint to live in Virginia than DC, so other than have a slightly better chance for your kid to attend UVA/VT, there really isn't any benefit.

Yes and you must live with all the sweaty try-hards in Arlington. No thanks!

Yet I'm sure that if someone made a comment on what you'd rub shoulders with at Tenleytown metro, you'd be up in arms.