In 1993, this sold for $527,000. Twenty-four years later it sold for $1,275,000.
I think the fridge was newer:
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Jim Klinge
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Jim and Donna demonstrated exceptional professionalism, offering expert guidance on market conditions and pricing strategy, which resulted in a quick and successful sale. Communication was prompt and we were well-informed throughout the entire process. For anyone looking for a dedicated and knowledgeable real estate team, look no further! ---Trustindex verifies that the original source of the review is Google. Donna and Jim Klinge of Klinge Realty Group have our highest possible recommendation. From Donna and Jim’s first visit to our house through closing their advice and counsel was candid and honest in all dealings. They kept us fully informed throughout the process. The house sold less than three days after listing with a two-week closing. My wife and I have sold several houses during our lives. This was by far the best experience. Klinge Reality is a premium service realtor. 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Jim understanding my needs, recommending potential places, pointing out the pros and cons of each property was invaluable. Then when the offer was accepted Donna’s organized guidance through the inspections, paperwork etc made the whole process seem effortless. So grateful that I had them on my side!Load more
Sounds like quite a profit. However, if you bought 1000 oz. of gold in 1993 for $500 an ounce and sold it today for $1200 an ounce, you’d come pretty close to the same profit.
With the gold, you have no property maintenance, no property taxes, and no kitchens and bathrooms to upgrade.
But you can’t live in or collect rent from 1000 oz. of gold.
Good they sold it. We are looking at another housing bubble folks. You heard it here first… ? Sell while you still can. This one will be worse than 2008, affecting the stock market worse, cars (loans) involved, student loans, bank derivatives, commercial real estate and more… it won’t be pretty. I’d buy physical gold & silver too if I had some funds to spare. Congrats to the seller… If you are selling then I’d hurry before it bursts.
close to tracking inflation – $527k in 1993 dollars is 900k today.
Assuming bought with 20% down, it’s probably paid off by now so nice 800 profit – and you lived in it for 20+ years
You sell when you need to, but I wonder how much it could have sold for in 2005?
Or could you have bought it for 600k in 2012?