Reply to Talk to me about McLean Gardens...and condo hunting in NW DC

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[quote=Anonymous][quote=Anonymous][quote=Anonymous][quote=Anonymous][quote=Anonymous][quote=Anonymous]You aren't going to find any condos in NW with low HOAs. Most average right around 1K, some as high at 1700. The lowest I've seen was around $600 but that was for no amenities. DH and I have been watching NW real estate for about 6 months now. You can get a 2 bedroom 2 bath for anywhere from 399K to 475K but the HOAs are going to be insane. [/quote]

I'd correct that and say - just UpperNW. I routinely find old buildings in Dupont/Logan/Mt. Pleasant with HOAs anywhere from $500/mo to at most $900/mo and that's for either huge space or brand-new.

So what's UpperNW's HOA problem?

$499K 2bedroom - $800 HOA
https://www.redfin.com/DC/Washington/1301-20th-St-NW-20036/unit-111/home/9059929

$550K - $877 HOA
https://www.redfin.com/DC/Washington/777-7th-St-NW-20001/unit-926/home/10193250

$594K - $627 HOA
https://www.redfin.com/DC/Washington/2001-12th-St-NW-20009/unit-412/home/10183233

$574K - $602 HOA
https://www.redfin.com/DC/Washington/811-4th-St-NW-20001/unit-810/home/12532187

$499K - $421 HOA
https://www.redfin.com/DC/Washington/1613-Harvard-St-NW-20009/unit-114/home/39900467

$570K - $385 HOA
https://www.redfin.com/DC/Washington/1404-11th-St-NW-20001/unit-102/home/9875730

$390K - $511 HOA
https://www.redfin.com/DC/Washington/1457-Park-Rd-NW-20010/unit-000403/home/11748181[/quote]

Insane, and in some of these buildings you dont even have your own washer and dryer. $500 HOA to use an old dirty shared laundry room, probably with your own quarters. Sorry, I just dont see the value. [/quote]

Hello - the $1,400/mo HOA that the others are recommending on here is SHARED LAUNDRY too. Now you think $500/mo is too much, how about 3X that?

https://www.redfin.com/DC/Washington/3900-Watson-Pl-NW-20016/unit-B-G3C/home/77618846[/quote]

You all really need to stop comparing the “HOAs” of condos with those of co-ops.[/quote]

THIS. Co-op monthly charges also include your share of property taxes, interest+principal on underlying mortgage, and usually all utilities. I've yet to see separately metered co-ops in older bldgs in NW DC.

McLean Gardens are condos, so you need to pay property taxes separately. And also hence why they are very careful about budgeting for capital expenses (i.e., the condo association can't take out a mortgage).[/quote]

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