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[quote=Anonymous][quote=Anonymous][quote=Anonymous][quote=Anonymous][quote=Anonymous][quote=Anonymous][quote=Anonymous][quote=Anonymous][quote=Anonymous][quote=Anonymous][quote=Anonymous]I know a few work colleagues who live in Cap Hill, and they are similar to OP -- always a little too eager to tell about how great it is and dismissive of all other neighborhoods in the DMV. I am not really sure where this type of insecurity of Cap Hill folks comes from. [/quote]

Again, I did not start this to argue the Hill is superior. I fully understand the variables that would lead to Arlington. It’s just that I specifically wonder about the $1.5 mil premium for Lyon Village. Does not make sense to me when much nicer neighborhoods are available at cheaper/same price. [/quote]

I've always thought of the "big 3" walkable North Arlington neighborhoods as Lyon Village, Lyon Park, and Ashton Heights and Lyon Village is both a) closer to the commercial strip and the metro and b) zoned for better elementary and middle schools. I don't think LV is anywhere near a $1.5 million premium vs Lyon Park/Ashton Heights but it's definitely the most expensive of the three. I think all three trade at a premium to less walkable neighborhoods but it gets a bit muddled since many of the 22207 homes have larger lots, etc.[/quote]

I wanted to bring a bit of data to my claim that Lyon Village doesn't command a $1.5 million premium. I used Redfin to look at sales in each of these three neighborhoods over the past three years. Here are the average house size and price for each:

Lyon Village (131 sales): 2,967sf -- $1,575,000 -- $546/sf
Lyon Park (131 sales): 2,448sf -- $1,220,000 -- $490/sf
Ashton Heights (99 sales): 2,124sf -- $1,010,000 - $548/sf

I think another thing to note is that pretty much all of Lyon Village is uniform with larger houses whereas Lyon Park has some smaller houses east of Wash Blvd and Ashton Heights has a bunch of smaller duplexes near Wilson. If you exclude those areas the average price in Lyon Park jumps to $1,325,000 (2,529sf average) and Ashton Heights increases to $1,297,5000 (2,336sf). Lyon Village is still the most expensive but it's like a $250k premium rather than a $1.5m premium. [/quote]

Why would those neighborhoods have a $1.5m premium? They are very, very similar to LV.

OP has yet to provide a comparable neighborhood that doesn’t have the “$1.5M premium”. The fact is that any other comparable neighborhood will also be $$$. 
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No, my point is that the comparable neighborhoods are much nicer. Not dumpy and gross like LV.  [/quote]

LOL. You think Lyon Park and Ashton Heights are less “dumpy” than LV? Have you ever actually been to Arlington?

OP still hasn’t shared a comparable neighborhood that is “$1.5M cheaper”. 
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Not in NOVA, but in DC for sure.  This house is being bashed elsewhere on DCUM, but I love it, and the LV dumpty ones cannot compare:  https://www.redfin.com/DC/Washington/4501-Cathedral-Ave-NW-20016/home/9956020

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Gorgeous home.

But: galley kitchen, small lot, no off-street parking, and not that walkable/low transit score.

While I personally love older homes, many buyers want shiny and new. 
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Do you have $3 mil for a house? With that kind of money you’re not hoofing it to Courthouse metro. Agree about the kitchen tho. And the lack of garages/driveways gives so much more curve appeal. Part of what is so dumpty about LV is the ugly driveways and terrible landscaping. [/quote]

Yes. And I take the metro occasionally for events but not for my commute because when I actually go to the office it’s a short drive into DC. It’d take me longer to Metro.

Some streets in LV have alleys & garages in back. Agree that having a garage in front is less attractive. But it’s better than fighting for street parking. BTDT.

Most of the DC area is dumpy with meh landscaping so not exactly a deal breaker for most people.  :lol: 
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