Anonymous
Post 01/18/2022 17:18     Subject: Re:AU/Friendship Heights market
Anonymous wrote:3M for the Fessenden house seems crazy. These prices have really changed the fabric of AU Park. It used to be a friendly and unassuming neighborhood, a bit ramshackled. Now it is all uppity.
The worse Tenleytown becomes, the more expensive AU Park gets. I don’t get it


Just curious what this means. . . ?
Anonymous
Post 01/18/2022 17:15     Subject: Re:AU/Friendship Heights market
3M for the Fessenden house seems crazy. These prices have really changed the fabric of AU Park. It used to be a friendly and unassuming neighborhood, a bit ramshackled. Now it is all uppity.
The worse Tenleytown becomes, the more expensive AU Park gets. I don’t get it
Anonymous
Post 01/18/2022 16:38     Subject: AU/Friendship Heights market
Anonymous wrote:https://www.redfin.com/DC/Washington/4335-37th-St-NW-20008/home/9972444#public-records

5 years ago this is very high end AU and look at price with a brand new pool


I saw this at the open house 5 years ago .. it is a great house -
So full of light and the pool is awesome. Still one of my favorites that I’ve looked at over the years.
Anonymous
Post 01/18/2022 16:36     Subject: Re:AU/Friendship Heights market
Anonymous wrote:
Anonymous wrote:I get the positives of AU Park as a neighborhood. However, I just can't believe people pay that kind of money to leave there. Although I'm sure it's an enjoyable place to live, I've always found the neighborhood to be really drab generally. Even that shopping strip on Wisconsin is underwhelming.


PP. Meant to say "pay that kind of money to live there." I could see spending that kind of money leaving there when you upgrade to a big house in a more appealing area.


Curious about where you would live with that kind of money. We'd love to live in Tenleytown with our two small kids and have been looking with a 1.5-2 million budget (and $3 million if we can find a place big enough to accommodate aging in-laws) -- but wondering if our money is better spent in Bethesda.
Anonymous
Post 01/18/2022 16:20     Subject: AU/Friendship Heights market
Anonymous wrote:we live here and were hoping to upgrade to a bigger place next year, but with a $1.5M budget seems like it's going to be dicey! We're not moving out of the neighborhood either way though. If we can't find a bigger place we're just going to make do with the small one. No amount of space is worth giving up a safe, walkable neighborhood with decent schools and good transit.


We are in the same boat - budget 1.5 - 1.6M! Ugh!
Anonymous
Post 01/18/2022 16:13     Subject: Re:AU/Friendship Heights market
Anonymous wrote:I get the positives of AU Park as a neighborhood. However, I just can't believe people pay that kind of money to leave there. Although I'm sure it's an enjoyable place to live, I've always found the neighborhood to be really drab generally. Even that shopping strip on Wisconsin is underwhelming.


PP. Meant to say "pay that kind of money to live there." I could see spending that kind of money leaving there when you upgrade to a big house in a more appealing area.
Anonymous
Post 01/18/2022 16:12     Subject: Re:AU/Friendship Heights market
I get the positives of AU Park as a neighborhood. However, I just can't believe people pay that kind of money to leave there. Although I'm sure it's an enjoyable place to live, I've always found the neighborhood to be really drab generally. Even that shopping strip on Wisconsin is underwhelming.
Anonymous
Post 01/18/2022 15:45     Subject: AU/Friendship Heights market
we live here and were hoping to upgrade to a bigger place next year, but with a $1.5M budget seems like it's going to be dicey! We're not moving out of the neighborhood either way though. If we can't find a bigger place we're just going to make do with the small one. No amount of space is worth giving up a safe, walkable neighborhood with decent schools and good transit.
Anonymous
Post 01/18/2022 15:41     Subject: AU/Friendship Heights market
Wow, that's crazy.
Anonymous
Post 01/18/2022 15:34     Subject: AU/Friendship Heights market
It is just so boring for 3m. That is the sad part.
Anonymous
Post 01/18/2022 15:25     Subject: AU/Friendship Heights market
https://www.redfin.com/DC/Washington/4335-37th-St-NW-20008/home/9972444#public-records

5 years ago this is very high end AU and look at price with a brand new pool
Anonymous
Post 01/18/2022 15:16     Subject: AU/Friendship Heights market
3M with the ugliest furniture on earth? ok.
Anonymous
Post 01/18/2022 15:14     Subject: AU/Friendship Heights market
Great schools, public trans, extremely walkable. One of the best areas of the city... and they're not making any more land
Anonymous
Post 01/18/2022 15:11     Subject: AU/Friendship Heights market
Houses are up 20 percent in last three years. So 2.5 to 3 million is 20 percent.

Going to be very high property taxes new owner at next reassessment
Anonymous
Post 01/18/2022 14:07     Subject: AU/Friendship Heights market
This seems like a new "high" for the area -- not many comps that justify the price:

https://www.redfin.com/DC/Washington/4316-Fessenden-St-NW-20016/home/9957076

Still seems crazy to me that the buys bought 3 years ago, made no changes, and sold for $500K more than they paid (and likely even more given how quickly it sold -- I assume there was some escalation).