Reply to Is it worth it to buy at the Watergate?

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[quote=Anonymous][quote=Anonymous][quote=Anonymous]I am considering it as well. The west side of it seems quite close to Georgetown — you can cross on Virginia avenue where there is a traffic light and then it’s a ten minute walk to the heart of Georgetown and the waterfront park. It is also an easy walk to my work.

Some things giving me hesitation, besides a number already mentioned, are 1) the schools it is zoned for suck - the senior citizens there don’t care but I’m much younger and do have kids, and 2) flood risk is rated as extremely high which makes sense.

But just in terms of size and location it’s a bargain for a condo/co-op in DC, even with the fee. But assessments are a concern[/quote]

How is it a bargain? You get a spacious 2 bed 2 bath for $750k (good price) but then you pay $2,395/mo in pure HOA fees, taking your total monthly payment to north of $6,000. And on top of that your HOA fees will keep rising and you’ll be hit with occasional special assessments. Aren’t there better options for ~$6,500/mo?[/quote]

You can get a rowhouse in Foggy Bottom for this price, same convenience and even better proximity to amenities and no condo fees and full control over what you do on the inside. [/quote]

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