Oh lower income tax as well in VA.

Anonymous wrote:How are the houses all 2-3 mil in Lyon Village?? You can get something really nice on Capitol Hill in DC for 1.5 mil with more character and a nicer neighborhood. And with the $1mil you save, send your kid to private MS/HS.

1. Depends on how many kids you have. 3 kids from k-12 at $30k is more than 1 million
2. Can you get a house in Capitol Hill that doesn’t have shared walls? That’s a deal breaker for some families
3. Crime. One of my sibs is a MPD officer. It’s really not comparable.
4. Depending on where you work….commute.

Anonymous wrote:

Anonymous wrote:

Anonymous wrote:

Anonymous wrote:

Anonymous wrote:

Anonymous wrote:

Anonymous wrote:I'm sorry you can't afford the house you want OP

I'm struggling to understand the value proposition for Lyon Village. If I had $3mil I don't think I would buy there. I'd buy in NW DC or on the Hill, and save the extra for private school.

Were all these $3mil houses flipped/new construction in anticipation of Amazon execs moving in?

Maybe your valuation process is flawed. https://www.redfin.com/DC/Washington/3067-Ordway-St-NW-20008/home/9984908

Have you checked prices in DC for comparable properties? Prices have gone up a lot in many places this year. Find a decent, new construction home in quiet, walkable location in DC.

How much more/less is it than these LV homes?

How much do you have left from your $3M budget? If any.

yes I have, that’s why I’m asking. $3 mil for a rather dumpy looking block seems like a lot.

Example of comparable CP home that is cheaper?

https://www.redfin.com/DC/Washington/3201-Porter-St-NW-20008/home/9984376
https://www.redfin.com/DC/Washington/3067-Ordway-St-NW-20008/home/9984908
https://www.redfin.com/DC/Washington/3501-30th-St-NW-20008/home/9985129
https://www.redfin.com/DC/Washington/3530-Van-Ness-St-NW-20008/home/9972926

Since you're only acknowledging the most expensive houses for sale in Lyon Village, not sure why you aren't including the most expensive houses in Cleveland Park as well

$3.4 Mil https://www.redfin.com/DC/Washington/3415-Woodley-Rd-NW-20016/home/9985816
$3.8 Mil https://www.redfin.com/DC/Washington/3401-Lowell-St-NW-20016/home/9985782

It’s the concentration of $3 mil in Lyon Village compared to other neighborhoods that seem striking. And yes, $3 mil in a nicer neighborhood makes more sense than Lyon Park to me. But seems clear - people are paying for detached SFH in an urban neighborhood that is not DC.

Anonymous wrote:Crime and services are the difference. Not everyone wants to deal with DC government an living in a city and dealing with all of the things that go with it.

Also, private school is $50k a year. If you have 2 kids, that's $100k a year for 13 years. So, $1.3 million and tuition doesn't appreciate like a house does.

But it's not really 13 years. Because Capitol Hill elementaries are good which means you only need to pay for private for max six years. If you don't get into a good middle and high school which many people do.

As someone who has lived in Lyon Village and in DC, a lot of the crime difference is about perception of safety rather than safety. If you compare the crime numbers, that's what they'll tell you.

On the other hand, Lyon Village feels suburban and safe and friendly and yes, you have good schools an continuity all the way through.

I, personally, have made the calculation and prefer DC, though I like a suburban corner of Northeast which also has very, very low crime.

Anonymous wrote:

Anonymous wrote:

Anonymous wrote:

Anonymous wrote:I'm sorry you can't afford the house you want OP

I'm struggling to understand the value proposition for Lyon Village. If I had $3mil I don't think I would buy there. I'd buy in NW DC or on the Hill, and save the extra for private school.

Were all these $3mil houses flipped/new construction in anticipation of Amazon execs moving in?

If you think spending ~$500k-$1m on private school is part of a value proposition, I don't know what to tell you.

Or I’d buy in Bethesda or NW DC or elsewhere in Arlington and send my kids to public school.

Seems like the extra $1mil is really just the “suburban-urban” feel. Wild!

OP, this breathless incredulity makes you seem too stupid for words.

OP, look at the dates of the street views. They aren’t always up to date. You might be looking at tear down photos.

Anonymous wrote:

Anonymous wrote:

Anonymous wrote:

Anonymous wrote:

Anonymous wrote:

Anonymous wrote:I'm sorry you can't afford the house you want OP

I'm struggling to understand the value proposition for Lyon Village. If I had $3mil I don't think I would buy there. I'd buy in NW DC or on the Hill, and save the extra for private school.

Were all these $3mil houses flipped/new construction in anticipation of Amazon execs moving in?

Maybe your valuation process is flawed. https://www.redfin.com/DC/Washington/3067-Ordway-St-NW-20008/home/9984908

Have you checked prices in DC for comparable properties? Prices have gone up a lot in many places this year. Find a decent, new construction home in quiet, walkable location in DC.

How much more/less is it than these LV homes?

How much do you have left from your $3M budget? If any.

yes I have, that’s why I’m asking. $3 mil for a rather dumpy looking block seems like a lot.

Example of comparable CP home that is cheaper?

https://www.redfin.com/DC/Washington/3201-Porter-St-NW-20008/home/9984376
https://www.redfin.com/DC/Washington/3067-Ordway-St-NW-20008/home/9984908
https://www.redfin.com/DC/Washington/3501-30th-St-NW-20008/home/9985129
https://www.redfin.com/DC/Washington/3530-Van-Ness-St-NW-20008/home/9972926

Since you're only acknowledging the most expensive houses for sale in Lyon Village, not sure why you aren't including the most expensive houses in Cleveland Park as well

$3.4 Mil https://www.redfin.com/DC/Washington/3415-Woodley-Rd-NW-20016/home/9985816
$3.8 Mil https://www.redfin.com/DC/Washington/3401-Lowell-St-NW-20016/home/9985782

Anonymous wrote:

Anonymous wrote:

Anonymous wrote:

Anonymous wrote:

Anonymous wrote:

Anonymous wrote:I'm sorry you can't afford the house you want OP

I'm struggling to understand the value proposition for Lyon Village. If I had $3mil I don't think I would buy there. I'd buy in NW DC or on the Hill, and save the extra for private school.

Were all these $3mil houses flipped/new construction in anticipation of Amazon execs moving in?

Maybe your valuation process is flawed. https://www.redfin.com/DC/Washington/3067-Ordway-St-NW-20008/home/9984908

Have you checked prices in DC for comparable properties? Prices have gone up a lot in many places this year. Find a decent, new construction home in quiet, walkable location in DC.

How much more/less is it than these LV homes?

How much do you have left from your $3M budget? If any.

yes I have, that’s why I’m asking. $3 mil for a rather dumpy looking block seems like a lot.

Example of comparable CP home that is cheaper?

https://www.redfin.com/DC/Washington/3201-Porter-St-NW-20008/home/9984376
https://www.redfin.com/DC/Washington/3067-Ordway-St-NW-20008/home/9984908
https://www.redfin.com/DC/Washington/3501-30th-St-NW-20008/home/9985129
https://www.redfin.com/DC/Washington/3530-Van-Ness-St-NW-20008/home/9972926

Are any of these over 2000 sq ft?

You proved my point. These aren’t comparable to a $3M home in LV.

Charming & I love them but the lot sizes and sq ft are a fraction of the $3M homes.

Anonymous wrote:

Anonymous wrote:

Anonymous wrote:

Anonymous wrote:

Anonymous wrote:I'm sorry you can't afford the house you want OP

I'm struggling to understand the value proposition for Lyon Village. If I had $3mil I don't think I would buy there. I'd buy in NW DC or on the Hill, and save the extra for private school.

Were all these $3mil houses flipped/new construction in anticipation of Amazon execs moving in?

Maybe your valuation process is flawed. https://www.redfin.com/DC/Washington/3067-Ordway-St-NW-20008/home/9984908

Have you checked prices in DC for comparable properties? Prices have gone up a lot in many places this year. Find a decent, new construction home in quiet, walkable location in DC.

How much more/less is it than these LV homes?

How much do you have left from your $3M budget? If any.

yes I have, that’s why I’m asking. $3 mil for a rather dumpy looking block seems like a lot.

Example of comparable CP home that is cheaper?

https://www.redfin.com/DC/Washington/3201-Porter-St-NW-20008/home/9984376
https://www.redfin.com/DC/Washington/3067-Ordway-St-NW-20008/home/9984908
https://www.redfin.com/DC/Washington/3501-30th-St-NW-20008/home/9985129
https://www.redfin.com/DC/Washington/3530-Van-Ness-St-NW-20008/home/9972926

Anonymous wrote:

Anonymous wrote:

Anonymous wrote:

Anonymous wrote:I'm sorry you can't afford the house you want OP

I'm struggling to understand the value proposition for Lyon Village. If I had $3mil I don't think I would buy there. I'd buy in NW DC or on the Hill, and save the extra for private school.

Were all these $3mil houses flipped/new construction in anticipation of Amazon execs moving in?

If you think spending ~$500k-$1m on private school is part of a value proposition, I don't know what to tell you.

Or I’d buy in Bethesda or NW DC or elsewhere in Arlington and send my kids to public school.

Seems like the extra $1mil is really just the “suburban-urban” feel. Wild!

AU Park for $2.8 Million https://www.redfin.com/DC/Washington/4711-Ellicott-St-NW-20016/home/9947660
Lyon Village for $2.3 Million https://www.redfin.com/VA/Arlington/2714-Franklin-Rd-22201/home/11248174

Your whole premise is flawed.

OP here. Obviously the market determines the correct price, so I’m not denying that! Just very curious what people are buying for $3 mil compared to what they could get elsewhere.

Anonymous wrote:

Anonymous wrote:

Anonymous wrote:

Anonymous wrote:I'm sorry you can't afford the house you want OP

I'm struggling to understand the value proposition for Lyon Village. If I had $3mil I don't think I would buy there. I'd buy in NW DC or on the Hill, and save the extra for private school.

Were all these $3mil houses flipped/new construction in anticipation of Amazon execs moving in?

Maybe your valuation process is flawed.

Have you checked prices in DC for comparable properties? Prices have gone up a lot in many places this year. Find a decent, new construction home in quiet, walkable location in DC.

How much more/less is it than these LV homes?

How much do you have left from your $3M budget? If any.

yes I have, that’s why I’m asking. $3 mil for a rather dumpy looking block seems like a lot.

Example of comparable CP home that is cheaper?

Anonymous wrote:

Anonymous wrote:

Anonymous wrote:

Anonymous wrote:I'm sorry you can't afford the house you want OP

I'm struggling to understand the value proposition for Lyon Village. If I had $3mil I don't think I would buy there. I'd buy in NW DC or on the Hill, and save the extra for private school.

Were all these $3mil houses flipped/new construction in anticipation of Amazon execs moving in?

If you think spending ~$500k-$1m on private school is part of a value proposition, I don't know what to tell you.

Or I’d buy in Bethesda or NW DC or elsewhere in Arlington and send my kids to public school.

Seems like the extra $1mil is really just the “suburban-urban” feel. Wild!

Suburban feel PLUS walkability.

Anonymous wrote:

Anonymous wrote:

Anonymous wrote:I'm sorry you can't afford the house you want OP

I'm struggling to understand the value proposition for Lyon Village. If I had $3mil I don't think I would buy there. I'd buy in NW DC or on the Hill, and save the extra for private school.

Were all these $3mil houses flipped/new construction in anticipation of Amazon execs moving in?

Maybe your valuation process is flawed.

Have you checked prices in DC for comparable properties? Prices have gone up a lot in many places this year. Find a decent, new construction home in quiet, walkable location in DC.

How much more/less is it than these LV homes?

How much do you have left from your $3M budget? If any.

yes I have, that’s why I’m asking. $3 mil for a rather dumpy looking block seems like a lot.

Anonymous wrote:

Anonymous wrote:

Anonymous wrote:I'm sorry you can't afford the house you want OP

I'm struggling to understand the value proposition for Lyon Village. If I had $3mil I don't think I would buy there. I'd buy in NW DC or on the Hill, and save the extra for private school.

Were all these $3mil houses flipped/new construction in anticipation of Amazon execs moving in?

If you think spending ~$500k-$1m on private school is part of a value proposition, I don't know what to tell you.

Or I’d buy in Bethesda or NW DC or elsewhere in Arlington and send my kids to public school.

Seems like the extra $1mil is really just the “suburban-urban” feel. Wild!