Distributed teams are great, working remote is less great. The tipping point for me is, are more than 2/3rds of the team you work with also working remote? If they are, you have a distributed team. If not, there's critical mass for an "office core" team, and everyone else is a satellite around it, frequently forgotten/neglected.
I recently started working from an office again after many years working from home or as an external consultant, some of the things I love are watercooler conversations, hearing at the last meeting about in-person meetings, and being able to attend them, and in general feeling like I am clued in to what is going on in different parts of the company. The down sides are bad chairs, limited desk size, interruptions. I have a short commute, so I am not losing 1 or 2 hours of my life in traffic every day, though.
Generally, working remote deprives you of regular hang-out time with people in the same company/industry, and encourages bad personal habits (and work/life balance) - I used to fill that gap by meeting with my other remotee neighbours, organising and attending meet-ups, and generally paying attention to my social life and health.