Chevy Chase, DC and Chevy Chase, MD
The area called Chevy Chase is located partly in the upper northwest tip of the District of Columbia and partly in a selection of condos, coops, townhouses, and detached homes in a variety of price ranges. Prices for detached homes are similar in Chevy Chase in the two different jurisdictions.
Chevy Chase, MD has almost exclusively single family detached homes. There are very few condos or coops. The median Sold price in 2013 was $690,000, a decrease of 23.76% from the previous year. The average Sold price was $977,228, a decrease of 10.35% from the previous year.
Chevy Chase, DC had a median Sold price of $885,000 in 2013, an increase of 12.74% from the previous year, and an average Sold price of $1,003,721—an increase of 28.82% over 2012 prices. Property values are skyrocketing. In addition, the area offers a wide variety of housing options at a variety of price points: detached and fully attached and semi-detached houses, homes with income, rental and condo apartments and co-ops.
Real estate taxes are similar in the two jurisdictions, except for the fact that assessments in MD are more consistent. In both jurisdictions, a $1,000,000 home typically pays approximately $7,000 per year in property taxes. The variation in DC is wider, from $5,000 to $10,000.
There are convenient local shopping areas in both Chevy Chase areas, located along Connecticut Avenue. DC boasts the beloved Avalon movie theater, saved, renovated, and reorganized as a nonprofit by a determined and united community. See www.TheAvalon.org for details.
Chevy Chase, MD has Zagat rated La Ferme restaurant as well as the Columbia Country Club and the 4-H Youth Development Organization headquarters.
Residents make use of the Friendship Heights and Silver Spring Metros, as well as commuting to Downtown DC by express commuter bus routes or by car along Rock Creek Parkway. The Capital Beltway is easily accessible to the north.