Anonymous wrote:
Anonymous wrote:I'm still confused. Why is Chevy Chase so expensive? Some houses are nice and big but others are tiny million dollar houses that need a ton of work. Why do people want to live in CC?
Basically, reputation is the cause of the premium for homes in 20815.
Chevy Chase Village, an incorporated part of 20815 right on the DC line, is basically the oldest suburb in the area, it was founded by a grasping Gilded Age type who became a senator. The way the borders are drawn mean that it has among the highest median incomes for incorporated areas in the country with, I think it is, >3,000 residents. It also has perhaps the most souped-up 'HOA' (they call it a government) on earth, they tax outsiders for speeding on Conn Ave and use that $$$ to give residents an extra layer of services, including an additional police force.
Much of the rest of 20815 piggy backs on the Village's reputation. And that rest of 20815 is, as you have mentioned, enormously varied. Some of it is quite modest, like North Chevy Chase. Other parts (i.e. Kenwood) are basically mid-20th century mcmansions. And there are places like Somerset, Chevy Chase West, and Town of Chevy Chase that have a mix of house types and sizes, but even the crap costs.