Reply to Do wealthy people buying $1M-4M homes near a Metro stop even use the Metro?

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[quote=Anonymous][quote=Anonymous][quote=Anonymous]OP here. In this thread about the sale of a $2.5M home in AU Park [DC], about half the responses mention its proximity to a Metro stop:

http://www.dcurbanmom.com/jforum/posts/list/562605.page[/quote]

And I'd say a good number of people living near that home take advantage of the closeness of the Metro but you don't have to [i]use[/i] it to benefit from it. The closer you are to the Metro the higher your property values go, the more likely it is you'll have great amenities like fancy restaurants and yoga studios next door, and the in general - the greater chance the people you're living next door to will have significantly higher income levels. It's just the way it is.

Here is that AU Park House for $2.5M.

[img]https://ssl.cdn-redfin.com/photo/57/mbpaddedwide/206/genMid.DC9681206_1.jpg[/img]

https://www.redfin.com/DC/Washington/4222-42nd-St-NW-20016/home/45505083

Here is the exact same house with [b]better[/b] updates, 2 1/2 [b]extra[/b] baths, 1 extra bedroom and it feeds into Wilson. Yet, its on the market for $700,000 cheaper. Why? Because its 1.5 miles from the metro.

[img]http://photos.zillowstatic.com/p_h/IS2rd3pvcdtgzc0000000000.jpg[/img]

http://www.zillow.com/homedetails/5100-Van-Ness-St-NW-Washington-DC-20016/437492_zpid/
[/quote]

First house is in walking distance to a lot of stuff, hardly just the Metro. And first home looks a lot nicer to me - how do you know or define "better"?[/quote]

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