Oyster families: where can people live moderately in Woodley?

[Anonymous]

Does anyone have the inside scoop on how boundary changes might affect oyster?

[Anonymous]

So, people renting a two bedroom in Oyster, you will rent from K-8, for $3k/mo? Do you feel like there is a downside to not owning a home and putting money towards a mortgage? Is it hard to save for college? I know these things are all relative, but just having trouble picturing renting for 10 years, no matter how awesome the school.

Meh, people have different philosophies about renting vs. owning. Some people prefer to invest in index funds rather than sinking a bunch of cash into a downpayment to build equity.

[Anonymous]

Interesting...

You still lose the rent each month, I think it would be hard to come out ahead this way, but maybe you don't lose very much.

[Anonymous]

I own a condo in the valley vista on Belmont road that we rent out. It is in the oyster boundary. We get about $2200/month for an 860 sq ft 1 bedroom with very flexible space and good storage, people have turned the same unit into a 2 bedroom. Probably a little below market but have had the same tenant for 6 years. I would expect about $450k of we sold it.

[Anonymous]

Anonymous wrote:I own a condo in the valley vista on Belmont road that we rent out. It is in the oyster boundary. We get about $2200/month for an 860 sq ft 1 bedroom with very flexible space and good storage, people have turned the same unit into a 2 bedroom. Probably a little below market but have had the same tenant for 6 years. I would expect about $450k of we sold it.

How is this helpful? $450,000 for an 860 sq. ft/1 BR for a family of at least 3?!? Ugh!

[Anonymous]

Anonymous wrote:

Anonymous wrote:I own a condo in the valley vista on Belmont road that we rent out. It is in the oyster boundary. We get about $2200/month for an 860 sq ft 1 bedroom with very flexible space and good storage, people have turned the same unit into a 2 bedroom. Probably a little below market but have had the same tenant for 6 years. I would expect about $450k of we sold it.

How is this helpful? $450,000 for an 860 sq. ft/1 BR for a family of at least 3?!? Ugh!

woodley park condo renter PP here. it isn't helpful…that's the point. woodley park and the northeast part of Kalorama that is in Oyster is basically atrociously expensive. we thought we could rent a small 3 bed condo and send the kids to Oyster. we ran out out of space immediately and hate having no outdoor play area. it may work for some people to be condo/apartment dwellers, but it doesn't for others. we will be moving on...

[Anonymous]

Anonymous wrote:I own a condo in the valley vista on Belmont road that we rent out. It is in the oyster boundary. We get about $2200/month for an 860 sq ft 1 bedroom with very flexible space and good storage, people have turned the same unit into a 2 bedroom. Probably a little below market but have had the same tenant for 6 years. I would expect about $450k of we sold it.

I'm sorry. I lived in that same exact unit at the valley vista as a single woman, and there is no way that a family of three, let alone four, should reside in that space. A big chunk of that 860 is the long hallway and the one big closet.

Just, no. And misleading of you.

[Anonymous]

Anonymous wrote:

Anonymous wrote:I own a condo in the valley vista on Belmont road that we rent out. It is in the oyster boundary. We get about $2200/month for an 860 sq ft 1 bedroom with very flexible space and good storage, people have turned the same unit into a 2 bedroom. Probably a little below market but have had the same tenant for 6 years. I would expect about $450k of we sold it.

I'm sorry. I lived in that same exact unit at the valley vista as a single woman, and there is no way that a family of three, let alone four, should reside in that space. A big chunk of that 860 is the long hallway and the one big closet.

Just, no. And misleading of you.

I lived in the junior one bedroom version of that apartment for years and years. I don't think I ever saw children in that building.

[Anonymous]

Each tier in the building has a somewhat different layout and sometimes there are different sizes within tiers. For instance, there are a few apts that are 1,200+ sf because an owner has knocked out walls and created a larger unit. Currently there are four families with kids (toddler age and above) living in the building.