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[quote=Anonymous]The Riviera Condo building at 4242 East West Hwy in Chevy Chase not that far from the Bethesda stop has always had extremely high common charges and low resale values.

A small one bedroom is $1,173 a month common charge. It is a condo not a coop so that is high. The two bedrooms with a balcony and two parking spots are over $2,000 a month common charges.

I have been in building, it looks like a regular older condo building nicely maintained, has a pool, parking, gym and walking distance to Metro. But condo prices are literally selling for same price as in 2002. Zero price appreciation last 20 years.

This one for sale for $189K was worth $189K in 2002 and in 1980 was worth $70,000. How is such low appreciation possible. In 1980 Bethesda did not even have a Metro and was in middle of nowhere. Nothing like today,

Is there some type of  backstory why a building by Metro that appears nice in Bethesda has high common charges and almost zero appreciation dating all the way back to the 1970s?

Here is a recent for sale:$189K for a one bedroom condo with parking  
https://www.redfin.com/MD/Chevy-Chase/4242-East-West-Hwy-20815/unit-902/home/10688617

Here is building info. 
https://www.redfin.com/MD/Bethesda/4242-East-West-Hwy-Bethesda-MD-20815/building/2490
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