Being close to a Metro stop

[Anonymous]

Real Estate Valuable Near Metro Stops — It’s no surprise that real estate closer to Metro stops is more valuable, but what may be surprising is for how high a price such properties can be sold. Looking at the five stations along the Orange Line’s Rosslyn-Ballston corridor — which is deemed one of the hot areas for development — researchers found that properties one-twentieth of a mile from a station (264 feet) can fetch more than a 30 percent premium over those just a quarter mile away.

30% is not chump change!

[Anonymous]

Can you cite the source? 30% is a bit excessive. I think the key word here is "CAN" fetch more than a 30% premium.

[Anonymous]

People hate Metro.

[Anonymous]

People hate cars.

[Anonymous]

Anonymous wrote:Can you cite the source? 30% is a bit excessive. I think the key word here is "CAN" fetch more than a 30% premium.

'washington post' via arlnow.com.

of course--they cited crime-free orange line. i'm sure if it's in a bad neighborhood it may not do as well---but maybe it will over the other homes there. hmmm.

[Anonymous]

I told my agent I would only look at places within 2 blocks of a metro stop.

I love the planet.

[Anonymous]

Walking distance to metro and good schools were my two primary criteria for house search. We bought in white flint.

[Anonymous]

Just look at the cost difference between a house in Friendship Heights east of Wisconsin/west of Connecticut Ave and a house in Chevy Chase DC, east of Conn. HUGE difference.

[Anonymous]

One major issue with arlington is that your commute ends up being much longer because you cannot get on a train because of overcrowding and have to let many pass.

This is a major issue and your commute becomes much longer than those further down the orange line despite you being physically closer to your destination.

[Anonymous]

I believe it. I live in a neighborhood next to the Clarendon metro and the condos and townhouses right there sell for an insane amount of money. Certainly more per square foot than the houses a few blocks down. Of course to be that close, you have to live in a condo.

[Anonymous]

Anonymous wrote:I believe it. I live in a neighborhood next to the Clarendon metro and the condos and townhouses right there sell for an insane amount of money. Certainly more per square foot than the houses a few blocks down. Of course to be that close, you have to live in a condo.

Yes. We are in a SFH 2 blocks from the Clarendon Metro. Granted--I rarely ever use Metro, but it sure gives a big boost to home value. Metro was an added addition to walkable amentities and good schools.

[Anonymous]

Anonymous wrote:I told my agent I would only look at places within 2 blocks of a metro stop.

I love the planet.

If you really loved the planet, you'd bike to work.

[Anonymous]

Anonymous wrote:One major issue with arlington is that your commute ends up being much longer because you cannot get on a train because of overcrowding and have to let many pass.

This is a major issue and your commute becomes much longer than those further down the orange line despite you being physically closer to your destination.

...and if you are that far down the orange line you don't really need Metro anyways. You are less than a mile from the border. Even in heavy traffic you get into the city center fairly quick. If you have the luxury of 'flex time' its 10 min driving time. I know many people that switch back and forth between metro and driving. It's great to have the option---esp if there is a traffic jam or a metro malfunction or messy roads.

A lot of our neighbors bike to work most of the year.

[Anonymous]

Interesting. I always thought it was better not to be extremely close to the metro, but still in walking distance. We are half a mile from Friendship Heights, which is totally walkable, but we don't have any issues with street parking because it's too far for commuters and shoppers to park here. I think it's ideal.

[Anonymous]

Anonymous wrote:Interesting. I always thought it was better not to be extremely close to the metro, but still in walking distance. We are half a mile from Friendship Heights, which is totally walkable, but we don't have any issues with street parking because it's too far for commuters and shoppers to park here. I think it's ideal.

We have parking street signs that prohibit parking in the streets nearest the Metro station. It's enforced and our streets are clear.