Oct 8, 2021 - Real Estate

What $600k gets you in 6 DMV neighborhoods

Paige Hopkins

The outside of a white Victorian home that's been converted into condos with a tree out front. — Exterior shot of 1120 Rhode Island Ave. NW. Photo courtesy of Sean Shanahan

The median sale price in the D.C.-metro was $585,000 in the month of August, according to Greater Capital Area Association of Realtors data.

Half a million dollars is a lot of money, but it doesn't guarantee DMV buyers a lot of house, Paige writes.

Why it matters: The D.C. metro's housing market is still on fire thanks to historically low interest rates, low inventory, and high asking prices.

Buyers have to be very competitive, and usually have to put in multiple offers before winning a bid.

What's happening: We compared listings for around $600,000 in six different local neighborhoods.

Unsurprisingly, we found that distance from D.C. closely correlates with square footage.

1120 Rhode Island Ave NW Apt 1 - $519,000

Logan Circle | 2 bed, 1 bath | 745 square feet

Features: Condo in a converted Victorian mansion with a den; wood floors; kitchen with marble counters and stainless steel appliances; washer/dryer in unit.

Listing agent: Listed by Maxwell Rabin, TTR Sotheby's International Realty.

A white kitchen with a large countertop and stainless steel fridge. — Photo courtesy of Sean Shanahan

5043 9th St S - $535,000

Arlington | 2 bed, 3 bath | 1,332

Features: Three-level, end unit townhome with hardwood floors in the living and dining rooms; stainless steel appliances and granite countertops in the kitchen; fireplace.

Listing agent: Laree Miller, KW Metro Center.

A living room with abstract art on the wall, a grey couch, a matching accent chair a red rug and other decor. — Photo courtesy of JB Kirkland Design

5101 Connecticut Ave NW #4 - $549,900

Chevy Chase | 1 bed, 1 bath | 820 square feet

Features: Brand new condo in a luxury boutique building that includes waterfall quartz countertops and top-end appliances in the gourmet kitchen; floor-to-ceiling windows; wide-plank hardwood floors.

Listing agent: Samer Kuraishi, The ONE Street Company.

An open concept condo with a view into the living room through the kitchen with a large white countertop. — Photo courtesy of ONE Street Media Company

1514 17th St NW #305/303 - $599,000

Dupont Circle | 2 bed, 2 bath | 1,036 square feet

Features: The Copley Plaza co-op has hardwood floors; 10-foot ceilings; walk-in closet, gourmet kitchen with updated quartz countertops and stainless steel appliances; renovated guest bathroom.

Listing agent: Hans Wydler, Compass.

A bedroom with a bed with white bedding and a blue blanket, light green walls, and hardwood floors. — Photo courtesy of David Molina with Townsend Visuals

516 Redland Blvd - $599,900

Rockville | 3 beds, 4 baths | 1,968 square feet

Features: The home has two full and two half baths with a two-car garage; hardwood flooring on the main level; stainless steel appliances and granite countertops in the eat-in kitchen; free shuttle to Metro.

Listing agent: Rex Thomas, Samson Properties

A look into the kitchen from the living room with hardwood floors throughout. — Photo courtesy of HomeJab

11335 Drumsheugh Lane - $599,990

Upper Marlboro | 4 bed, 4 bath | 2,870 square feet

Features: All-brick colonial home with marble flooring in the two-level foyer; sauna; heated pool; stone kitchen flooring; two fireplaces; finished basement with a wet bar and a full bath.

Listing agent: Kimberly Trimble, Trademark Realty, Inc.

An all brick colonial home with a bright green yard and red garage door. — Photo courtesy of Kimberly Trimble, Trademark Realty, Inc

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