Where is the price ceiling in N Arlington?

[Anonymous]

Anonymous wrote:

Anonymous wrote:

Anonymous wrote:Arlington is overpriced given the quality of the schools.

Yes, this is a big reason for choosing McLean. Neighborhoods are much prettier and schools are top tier.

I truly don’t get this mindset. Who do you think goes to private schools? Rich children whose parents live mostly in McLean and North Arlington. The main value of the school is being good enough to not tank your property value. For your average white kid is the quality of education really substantially different between McLean high and Yorktown? Although I do think FCPS pays better which could make a difference

Yes, actually it is. Yorktown vastly underperforms in basically every metric given how wealthy its students are. For example, you can compare the number of National Merit semifinalists between the two schools.

[Anonymous]

Anonymous wrote:

Anonymous wrote:

Anonymous wrote:

Anonymous wrote:

Anonymous wrote:Teardowns near downtown Bethesda were a minimum of $1.5 million a few years back, probably $2 million now. As long as the economy is roaring, this will continue. But if the economy heads south, it will stop.

What is the price ceiling in N. Arlington?

The highest I have seen is 4.2M in Lyon Village. I am sure there must be something higher in Country Club Hills because the lots are so big there. Anyone else know of higher?

https://www.redfin.com/VA/Arlington/2545-N-Ridgeview-Rd-22207/home/183424259

This is the highest house in the last 5 years.

This hasn’t sold yet, but list price is $4,975,000…right on Military Road.

https://www.zillow.com/homedetails/3554-Military-Rd-Arlington-VA-22207/12060213_zpid/

I like how they blurred out the face of the AI-rendered person in the first picture.

[Anonymous]

There’s some huge house being built on the corner of 26th and north Vermont. Curious how much that will go for.

[Anonymous]

If I live in a 1.25 million Arlington tear down today, best guess on how much I can sell it for in 10 years?

[Anonymous]

Anonymous wrote:If I live in a 1.25 million Arlington tear down today, best guess on how much I can sell it for in 10 years?

1.25 million. As with the last bubble, prices will flatline for about the next decade. If you're going to sell, you need to do it at the peak of a bubble (i.e., now), not in the decade of flatness that happens after the bubble.

[Anonymous]

Anonymous wrote:

Anonymous wrote:If I live in a 1.25 million Arlington tear down today, best guess on how much I can sell it for in 10 years?

1.25 million. As with the last bubble, prices will flatline for about the next decade. If you're going to sell, you need to do it at the peak of a bubble (i.e., now), not in the decade of flatness that happens after the bubble.

Bummer. Need a place to live and the low interest rate makes a move unrealistic. Guess we’ll just live here forever.

[Anonymous]

Anonymous wrote:Will things ever flatten out, or will be looking at $2 million tear downs in a decade???

Lyon Village already has that. Two two million tear downs turned into 4 million new McMansions

[Anonymous]

Anonymous wrote:I dunno - I see a lot of big law people in my n Arlington neighborhood in 1.5-2m homes.

[/b]What they are doing is buying other homes at the beach, snowshoe, etc.[b]
So they have maybe 5m in property- just not all in n Arlington.

This. Some in the more modest homes have investment properties and/or vacation homes. They appear to live modestly- non luxury cars, etc., but it belies how much $$ they actually have.

[Anonymous]

Anonymous wrote:If I live in a 1.25 million Arlington tear down today, best guess on how much I can sell it for in 10 years?

$1.8 million in 10 years. The Fed consistently errs on the side of inflation rather than risk a recession.

[Anonymous]

Tear down prices depend on how the new construction market is doing.

[Anonymous]

Anonymous wrote:

Anonymous wrote:If I live in a 1.25 million Arlington tear down today, best guess on how much I can sell it for in 10 years?

$1.8 million in 10 years. The Fed consistently errs on the side of inflation rather than risk a recession.

I live in a $1.8 million tear down. 4 million homes going up around us. We get harassed by builders/realtors and our house is in great shape and not even tiny—but compared to the gigantic 6bed;7bath new builds it looks it. We also have a great backyard since it wasn’t built all the way up to the fence. I really wonder wtf is going on and how a market with 7+ bathrooms close-in is going to sustain with the demographic cliff and people not having kids, or very few. It’s pretty much the antithesis of a “walkable”, small footprint lifestyle. You are hard-pressed to find a “normal size” house in housing stock. Just these Ashburn-looking new builds.

[Anonymous]

Anonymous wrote:

Anonymous wrote:

Anonymous wrote:

Anonymous wrote:Arlington is overpriced given the quality of the schools.

Yes, this is a big reason for choosing McLean. Neighborhoods are much prettier and schools are top tier.

I truly don’t get this mindset. Who do you think goes to private schools? Rich children whose parents live mostly in McLean and North Arlington. The main value of the school is being good enough to not tank your property value. For your average white kid is the quality of education really substantially different between McLean high and Yorktown? Although I do think FCPS pays better which could make a difference

Yes, actually it is. Yorktown vastly underperforms in basically every metric given how wealthy its students are. For example, you can compare the number of National Merit semifinalists between the two schools.

McLean gets all the Asian kids who couldn't get into TJ. They really boost the scores.

[Anonymous]

Anonymous wrote:

Anonymous wrote:

Anonymous wrote:

Anonymous wrote:

Anonymous wrote:Arlington is overpriced given the quality of the schools.

Yes, this is a big reason for choosing McLean. Neighborhoods are much prettier and schools are top tier.

I truly don’t get this mindset. Who do you think goes to private schools? Rich children whose parents live mostly in McLean and North Arlington. The main value of the school is being good enough to not tank your property value. For your average white kid is the quality of education really substantially different between McLean high and Yorktown? Although I do think FCPS pays better which could make a difference

Yes, actually it is. Yorktown vastly underperforms in basically every metric given how wealthy its students are. For example, you can compare the number of National Merit semifinalists between the two schools.

McLean gets all the Asian kids who couldn't get into TJ. They really boost the scores.

Don't parents want their kids to be surrounded by high-achieving kids at school? Isn't that why parents try to get into some school pyramids over others?

[Anonymous]

Anonymous wrote:

Anonymous wrote:

Anonymous wrote:

Anonymous wrote:

Anonymous wrote:

Anonymous wrote:Arlington is overpriced given the quality of the schools.

Yes, this is a big reason for choosing McLean. Neighborhoods are much prettier and schools are top tier.

I truly don’t get this mindset. Who do you think goes to private schools? Rich children whose parents live mostly in McLean and North Arlington. The main value of the school is being good enough to not tank your property value. For your average white kid is the quality of education really substantially different between McLean high and Yorktown? Although I do think FCPS pays better which could make a difference

Yes, actually it is. Yorktown vastly underperforms in basically every metric given how wealthy its students are. For example, you can compare the number of National Merit semifinalists between the two schools.

McLean gets all the Asian kids who couldn't get into TJ. They really boost the scores.

Don't parents want their kids to be surrounded by high-achieving kids at school? Isn't that why parents try to get into some school pyramids over others?

Think it’s a mixed bag. I think that’s what they want overall but not when it comes time to apply to college.

[Anonymous]

Anonymous wrote:

Anonymous wrote:

Anonymous wrote:

Anonymous wrote:

Anonymous wrote:

Anonymous wrote:

Anonymous wrote:Arlington is overpriced given the quality of the schools.

Yes, this is a big reason for choosing McLean. Neighborhoods are much prettier and schools are top tier.

I truly don’t get this mindset. Who do you think goes to private schools? Rich children whose parents live mostly in McLean and North Arlington. The main value of the school is being good enough to not tank your property value. For your average white kid is the quality of education really substantially different between McLean high and Yorktown? Although I do think FCPS pays better which could make a difference

Yes, actually it is. Yorktown vastly underperforms in basically every metric given how wealthy its students are. For example, you can compare the number of National Merit semifinalists between the two schools.

McLean gets all the Asian kids who couldn't get into TJ. They really boost the scores.

Don't parents want their kids to be surrounded by high-achieving kids at school? Isn't that why parents try to get into some school pyramids over others?

Think it’s a mixed bag. I think that’s what they want overall but not when it comes time to apply to college.

+1. This was a consideration for us a we chose Marshall over McLean. Also socioeconomic diversity is important to us.