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Reply to "Is there a premium between Chevy Chase MD and Chevy Chase DC because of schools?"
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[quote=Anonymous]If you are talking about true Chevy Chase*, the houses are uniformly larger on the Md. side. That fuels the conventional wisdom that Md. costs more than DC. It is hard/impossible to find an $800K 3 bed/1.5 bath in CC Md. because what few there were have all been razed to build lobbyist neo-colonials with a porch. On the DC side, there are a lot of little houses left, still. I've always said this makes sense, because if I'm developer X and I'm looking for a tear-down in order to create a $2.3 million spec house, I'm going to bank on the jurisdiction with the better schools. Most homebuyers plunking down $1.8-$2.3M are going to (rightly) expect certain amenities, such as good government, strong schools, city services, etc. Odds for a quick sale of that spec house go up in Md. * ie, not the peripheral neighborhoods in Md. west of Wisconsin and north of EW Highway.[/quote]
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