Lyon Village - please explain

[Anonymous]

Anonymous wrote:Just one person here, but I would never live in DC. I would live in Arlington though. I know a lot of people who feel the same. The homes in Arlington have a larger number of people who want to live there.

Reasons - schools, crime, universities, taxes, space, daycare, kids activities.

+1. I would probably live in Great Falls if I had a $3M budget, but lots of people who live in VA would not live in DC. LV is walkable, has nice SFHz, and the commute downtown can’t be beat. Not hard to get the appeal.

[Anonymous]

Walkability to what? A couple of grocery stores? Clarendon is a fast fading jumble of boring.

[Anonymous]

Anonymous wrote:

Anonymous wrote:Just one person here, but I would never live in DC. I would live in Arlington though. I know a lot of people who feel the same. The homes in Arlington have a larger number of people who want to live there.

Reasons - schools, crime, universities, taxes, space, daycare, kids activities.

+1. I would probably live in Great Falls if I had a $3M budget, but lots of people who live in VA would not live in DC. LV is walkable, has nice SFHz, and the commute downtown can’t be beat. Not hard to get the appeal.

+2. This really shouldn’t confuse people. Great Falls is wonderful too, for other reasons. But it’s probably not a great location if you commute to DC every day.

[Anonymous]

Anonymous wrote:

Anonymous wrote:Just one person here, but I would never live in DC. I would live in Arlington though. I know a lot of people who feel the same. The homes in Arlington have a larger number of people who want to live there.

Reasons - schools, crime, universities, taxes, space, daycare, kids activities.

But would you pay $3mil for Lyon Village, if you had it? I’m well aware of all the reasons people move to Virginia. Lyon Village seems tremendously over valued even so.

Can’t say it’s overvalued given that an extremely high number of folks want in and are wiling to pay a lot to do so. It may not be your cup of tea, but for many, many, many people, it’s the best of the hellscape known as nova.

[Anonymous]

Anonymous wrote:

Anonymous wrote:

Anonymous wrote:

Anonymous wrote:

Anonymous wrote:I'm sorry you can't afford the house you want OP

I'm struggling to understand the value proposition for Lyon Village. If I had $3mil I don't think I would buy there. I'd buy in NW DC or on the Hill, and save the extra for private school.

Were all these $3mil houses flipped/new construction in anticipation of Amazon execs moving in?

If you think spending ~$500k-$1m on private school is part of a value proposition, I don't know what to tell you.

Or I’d buy in Bethesda or NW DC or elsewhere in Arlington and send my kids to public school.

Seems like the extra $1mil is really just the “suburban-urban” feel. Wild!

AU Park for $2.8 Million https://www.redfin.com/DC/Washington/4711-Ellicott-St-NW-20016/home/9947660
Lyon Village for $2.3 Million https://www.redfin.com/VA/Arlington/2714-Franklin-Rd-22201/home/11248174

Your whole premise is flawed.

That Franklin house is delusional. It’s backs to a commercial alley and dumpster

[Anonymous]

Anonymous wrote:

Anonymous wrote:Just one person here, but I would never live in DC. I would live in Arlington though. I know a lot of people who feel the same. The homes in Arlington have a larger number of people who want to live there.

Reasons - schools, crime, universities, taxes, space, daycare, kids activities.

But would you pay $3mil for Lyon Village, if you had it? I’m well aware of all the reasons people move to Virginia. Lyon Village seems tremendously over valued even so.

DP. Yes, I would and did pay nearly that much.

[Anonymous]

Anonymous wrote:

Anonymous wrote:

Anonymous wrote:

Anonymous wrote:There is a lot less crime in Arlington, like a lot less. What's your life worth?

Is there really less crime in Lyon Village compared to other places?

There’s certainly far less crime than on Capitol Hill, sure. But I don’t think that’s the driving factor. When a Karen asks “what’s your life worth” when referring to CH you know she’d never in a million years live in an urban center. There are people like that.

There’s a lot of crime in Logan Circle and prices are through the roof there.

Just stop with the blithe misogyny thing. Your SJ non profit would not approve!

I've lived in the District since you were in pull-ups in Evanston, when your little condo was a surface lot strewn with broken crack pipes, a stained twin mattress and chicken bones. Short of homicide, it's also nice to not have to _wonder_ if you're going to get caught in the cross fire every time you walk to get romaine/a cocktail/your prescription at CVS.

And DC has its Senator and Congressional Rep to thank for that.

[Anonymous]

Anonymous wrote:

Anonymous wrote:

Anonymous wrote:

Anonymous wrote:

Anonymous wrote:How are the houses all 2-3 mil in Lyon Village?? You can get something really nice on Capitol Hill in DC for 1.5 mil with more character and a nicer neighborhood. And with the $1mil you save, send your kid to private MS/HS.

You’re talking about people who want completely different things. Not a good comparison.

I'm not so sure about that. Clearly people paying $3mil in Lyon Village are doing it for walkability, proximity to metro, urban amenities. For those with kids, schools (that admittedly provide HS/MS options that the Hill does not.) I'm not sure how much different crime can be compared to the area close-in on the Hill near the Capitol. The comparison to the Hill is not a specific argument for the Hill - I'm just struggling to understand the Lyon Village prices that seem so inflated for how frankly dumpy it looks on Street View. Is the extra $1mil because you have a detatched home and a yard, plus all the same walkability?

Look, I’m not one of those who is over the top worried about crime, and I’m not a big fan of Lyon Village either. We actually looked there upon being empty nesters and decided that despite it having many of the urban amenities and walkability that we were looking for, it was a little too sterile, lacking in diversity and, yes, in our opinion too expensive for what you get. But be serious: there is virtually no violent crime there, and there’s no comparison between there and Capitol Hill - or there and anywhere else in DC outside of Upper Caucasia - when it comes to crime.

When you argue otherwise you destroy your credibility.

There is basically no crime in my pocket of the Hill. I know that becuase I check the crime stats. It is very, very safe. I'm not arguing that there's no difference ... I'm just curious about it being a ONE MILLION dollar difference.

We bought in Lyon Village because I work in Arlington and my husband works in Langley. The commute was easier for us. We came her from Manhattan and briefly considered Capitol Hill but saw nothing as nice as what we found in Lyon Village for $1.3M. The rowhouses are very vertical and we find it easier to have people over where the space is on one floor rather than two. Our kids go to private school, so we could have done either place.

[Anonymous]

Anonymous wrote:

Anonymous wrote:

Anonymous wrote:We lived on the Hill and loved it. We moved to a walkable part of Arlington after kids because:

(1) as non-federal employees we didn't get into a daycare or preschool on the Hill and wanted our 2-3 yo in a group program

(2) we wanted stable schools through elementary, middle and high school with a stable community without lots of kids leaving, moving to private or getting split by the lottery

(3) we wanted more outdoor space

(4) we wanted easier parking for us and our visitors (including private EV parking for our car)

(5) we wanted access to VA universities and colleges

(6) Arlington is closer to one of our jobs in VA

(7) not having to worry about petty theft like our stroller or bikes being stolen off our front porch is really nice

But did you buy a $3 mil house in Lyon Village? That is my specific question!

Only 9 properties have sold for over $2.5 million in Lyon Village in the past 2 years one of those was an apartment building. The median sale price per Redfin is $1.85 Mil.

The pre-market new builds and custom homes are in the $2.5 to $4.8 M range. Most of them are not in Zillow. Pull the county building permits and then compare them to the tax records.

[Anonymous]

Anonymous wrote:

Anonymous wrote:

Anonymous wrote:

Anonymous wrote:We lived on the Hill and loved it. We moved to a walkable part of Arlington after kids because:

(1) as non-federal employees we didn't get into a daycare or preschool on the Hill and wanted our 2-3 yo in a group program

(2) we wanted stable schools through elementary, middle and high school with a stable community without lots of kids leaving, moving to private or getting split by the lottery

(3) we wanted more outdoor space

(4) we wanted easier parking for us and our visitors (including private EV parking for our car)

(5) we wanted access to VA universities and colleges

(6) Arlington is closer to one of our jobs in VA

(7) not having to worry about petty theft like our stroller or bikes being stolen off our front porch is really nice

But did you buy a $3 mil house in Lyon Village? That is my specific question!

Only 9 properties have sold for over $2.5 million in Lyon Village in the past 2 years one of those was an apartment building. The median sale price per Redfin is $1.85 Mil.

The pre-market new builds and custom homes are in the $2.5 to $4.8 M range. Most of them are not in Zillow. Pull the county building permits and then compare them to the tax records.

+1. This was explained upthread. Zillow isn’t the full picture. There are also existing homes that are changing hands in the 2-3M dollar range off-market. You would only know if you saw a moving van and checked the tax records.

[Anonymous]

Anonymous wrote:

Anonymous wrote:

Anonymous wrote:Just one person here, but I would never live in DC. I would live in Arlington though. I know a lot of people who feel the same. The homes in Arlington have a larger number of people who want to live there.

Reasons - schools, crime, universities, taxes, space, daycare, kids activities.

But would you pay $3mil for Lyon Village, if you had it? I’m well aware of all the reasons people move to Virginia. Lyon Village seems tremendously over valued even so.

Can’t say it’s overvalued given that an extremely high number of folks want in and are wiling to pay a lot to do so. It may not be your cup of tea, but for many, many, many people, it’s the best of the hellscape known as nova.

OP here. I believe my problem is that I don’t understand the “hellscape known as nova”. If I did, I would understand Lyon Village better!

[Anonymous]

Anonymous wrote:

Anonymous wrote:

Anonymous wrote:

Anonymous wrote:Just one person here, but I would never live in DC. I would live in Arlington though. I know a lot of people who feel the same. The homes in Arlington have a larger number of people who want to live there.

Reasons - schools, crime, universities, taxes, space, daycare, kids activities.

But would you pay $3mil for Lyon Village, if you had it? I’m well aware of all the reasons people move to Virginia. Lyon Village seems tremendously over valued even so.

Can’t say it’s overvalued given that an extremely high number of folks want in and are wiling to pay a lot to do so. It may not be your cup of tea, but for many, many, many people, it’s the best of the hellscape known as nova.

OP here. I believe my problem is that I don’t understand the “hellscape known as nova”. If I did, I would understand Lyon Village better!

For some reason certain people who live in DC think there is some sort of cachet associated with a DC address. No one else is impressed. All you have to do is move a mile or two over into MD or VA and suddenly you have functional local governments, good public services, and representation in Congress!

[Anonymous]

Anonymous wrote:

Anonymous wrote:

Anonymous wrote:

Anonymous wrote:

Anonymous wrote:

Anonymous wrote:

Anonymous wrote:

Anonymous wrote:I'm sorry you can't afford the house you want OP

I'm struggling to understand the value proposition for Lyon Village. If I had $3mil I don't think I would buy there. I'd buy in NW DC or on the Hill, and save the extra for private school.

Were all these $3mil houses flipped/new construction in anticipation of Amazon execs moving in?

Maybe your valuation process is flawed. https://www.redfin.com/DC/Washington/3067-Ordway-St-NW-20008/home/9984908

Have you checked prices in DC for comparable properties? Prices have gone up a lot in many places this year. Find a decent, new construction home in quiet, walkable location in DC.

How much more/less is it than these LV homes?

How much do you have left from your $3M budget? If any.

yes I have, that’s why I’m asking. $3 mil for a rather dumpy looking block seems like a lot.

Example of comparable CP home that is cheaper?

https://www.redfin.com/DC/Washington/3201-Porter-St-NW-20008/home/9984376
https://www.redfin.com/DC/Washington/3067-Ordway-St-NW-20008/home/9984908
https://www.redfin.com/DC/Washington/3501-30th-St-NW-20008/home/9985129
https://www.redfin.com/DC/Washington/3530-Van-Ness-St-NW-20008/home/9972926

Since you're only acknowledging the most expensive houses for sale in Lyon Village, not sure why you aren't including the most expensive houses in Cleveland Park as well

$3.4 Mil https://www.redfin.com/DC/Washington/3415-Woodley-Rd-NW-20016/home/9985816
$3.8 Mil https://www.redfin.com/DC/Washington/3401-Lowell-St-NW-20016/home/9985782

It’s the concentration of $3 mil in Lyon Village compared to other neighborhoods that seem striking. And yes, $3 mil in a nicer neighborhood makes more sense than Lyon Park to me. But seems clear - people are paying for detached SFH in an urban neighborhood that is not DC.

Lyon Park is a different neighborhood and houses to top at $2.2M there.

[Anonymous]

Anonymous wrote:

Anonymous wrote:There is a lot less crime in Arlington, like a lot less. What's your life worth?

Is there really less crime in Lyon Village compared to other places?

yes. And especially D.C.

[Anonymous]

Anonymous wrote:Walkability to what? A couple of grocery stores? Clarendon is a fast fading jumble of boring.

stores, salons, post office, restaurants, banks, you name it