Friendship Heights and Chevy Chase, Md., the neighborhoods that stretch along Wisconsin Avenue NW and straddle the border of DC and Montgomery County, Md., are not places that come to mind when buyers are looking for affordable housing. Some of the most expensive homes in the DC area can be found in this part of town along with high-end shopping, but that doesn’t mean it’s entirely devoid of budget-capped $400,000 condos.
The median sale price for a home in Montgomery County was $538,500 in March, according to Bright MLS. In DC, the median sale price was $660,000 in March. But persistent shoppers can find lower-priced options in almost all parts of the region.
For example, the condo at 5500 Friendship Blvd. #1627N in the Willoughby Building at Chevy Chase is priced at $299,900. Annual property taxes are $2,952. Monthly condominium fees of $654 include gas, electricity, water, heating, air conditioning, garbage disposal services, maintenance of common areas, reserve funds and management fees. A garage is available for rent.
The Willoughby condo features security, 24 hour front desk, concierge services, restaurant, library, fitness center, rooftop lounge and an outdoor swimming pool. Residents of Willoughby can walk to the Friendship Heights Village Community Center, which has a library and programs such as lectures, book clubs, art exhibits and concerts, some of which are currently virtual. The condo has a free shuttle to the Friendship Heights subway station, community center, bus stops, shopping areas, and a Whole Foods grocery store. Shops, restaurants and the metro station are also within walking distance of the condo. Nearby Mazza Gallery is slated for redevelopment.
The 879 square foot condo on the 16th floor has one bedroom and one bath. The unit has hardwood floors, walls of large windows with courtyard views, and an open floor plan with a combined living and dining area. The galley-style kitchen has been updated with slate flooring, black granite countertop, tile backsplash and stainless steel appliances. The bedroom includes a walk-in closet and an updated bathroom.
Affected schools include Somerset Elementary, Westland Middle and Bethesda-Chevy Chase High.
Photos are available here.