How much did you pay for your house, year built, year purchsed, zip code/school, worth today?

[Anonymous]

Anonymous wrote:$1.1 million
2009
ASFS/Swanson/W-L
recent realtor comps $1.45 million. Zillow has it at $1.54 million.
we did nothing to it.

$350-400k appreciation (with no home improvements put in) in only 4 short years. Is this the time to cash in/sell? I read through the string and this seems to be more appreciation than a lot of homes saw in 10-20 years. I only question because homes are getting bigger and bigger (as their knocked down and replaced) and the above 1.75mill. market is much slower to move--while the 1mill-1.7. market is going in a matter of days or before market. If the upper market homes (which also tend to be 5-6 bedrooms) start slashing==my reasoning is this could directly effect the prices in the hot range. Right now there is zero inventory and we get personal letters frequently asking us to sell.

We've been contemplating it. We do love our location and schools--but the idea of cashing in and moving to a lower cost area (DH and I) can both work anywhere is tempting. Our rental house in NW has only appreciated $70k in 10 years.

Thoughts? I think of so many people that 'missed the boat'...held onto something and then value crashed.

[Anonymous]

Anonymous wrote:Just to bring a little middle class perspective to the conversation...

Paid $170
Built 1950
Bought 2003
20707
Zillow $220

Thanks! Now I know I'm not alone.

[Anonymous]

$699K
1920
2010
20016 - Janney/Deal/Wilson
Appraised last year at $789K.

[Anonymous]

Anonymous wrote:$699K
1920
2010
20016 - Janney/Deal/Wilson
Appraised last year at $789K.

Oops, meant we paid $669K.

[Anonymous]

Anonymous wrote:

Anonymous wrote:$1.1 million
2009
ASFS/Swanson/W-L
recent realtor comps $1.45 million. Zillow has it at $1.54 million.
we did nothing to it.

$350-400k appreciation (with no home improvements put in) in only 4 short years. Is this the time to cash in/sell? I read through the string and this seems to be more appreciation than a lot of homes saw in 10-20 years. I only question because homes are getting bigger and bigger (as their knocked down and replaced) and the above 1.75mill. market is much slower to move--while the 1mill-1.7. market is going in a matter of days or before market. If the upper market homes (which also tend to be 5-6 bedrooms) start slashing==my reasoning is this could directly effect the prices in the hot range. Right now there is zero inventory and we get personal letters frequently asking us to sell.

We've been contemplating it. We do love our location and schools--but the idea of cashing in and moving to a lower cost area (DH and I) can both work anywhere is tempting. Our rental house in NW has only appreciated $70k in 10 years.
Thoughts? I think of so many people that 'missed the boat'...held onto something and then value crashed.

Where in DC is your rental house? $70k in 10 years is nuts. Ours has gained $500k in ten years.

[Anonymous]

Anonymous wrote:

Anonymous wrote:

Anonymous wrote:$1.1 million
2009
ASFS/Swanson/W-L
recent realtor comps $1.45 million. Zillow has it at $1.54 million.
we did nothing to it.

$350-400k appreciation (with no home improvements put in) in only 4 short years. Is this the time to cash in/sell? I read through the string and this seems to be more appreciation than a lot of homes saw in 10-20 years. I only question because homes are getting bigger and bigger (as their knocked down and replaced) and the above 1.75mill. market is much slower to move--while the 1mill-1.7. market is going in a matter of days or before market. If the upper market homes (which also tend to be 5-6 bedrooms) start slashing==my reasoning is this could directly effect the prices in the hot range. Right now there is zero inventory and we get personal letters frequently asking us to sell.

We've been contemplating it. We do love our location and schools--but the idea of cashing in and moving to a lower cost area (DH and I) can both work anywhere is tempting. Our rental house in NW has only appreciated $70k in 10 years.
Thoughts? I think of so many people that 'missed the boat'...held onto something and then value crashed.

Where in DC is your rental house? $70k in 10 years is nuts. Ours has gained $500k in ten years.

I am thinking the size of it--1,000 square foot rowhouse. Don't get me wrong--it is a great investment. We have the easiest time renting it. Only 2 tenants in 8 years. It also is in a very established neighborhood. It never lost value and I doubt it ever will. It's just slow and steady.

[Anonymous]

999k
1964
2010
22101
$1.10k

[Anonymous]

Anonymous wrote:

Anonymous wrote:We do love our location and schools--but the idea of cashing in and moving to a lower cost area (DH and I) can both work anywhere is tempting.

If we had decent equity and both of us could work anywhere - i'd get the f--- out of dodge. We stay in DC because of the job market and our retirement savings as a % of (higher) income. Not to live in a $700k post-war shitbox. If I had it my way we'd be in Colorado... one day my friend.

[Anonymous]

Anonymous wrote:

Anonymous wrote:

Anonymous wrote:We do love our location and schools--but the idea of cashing in and moving to a lower cost area (DH and I) can both work anywhere is tempting.

If we had decent equity and both of us could work anywhere - i'd get the f--- out of dodge. We stay in DC because of the job market and our retirement savings as a % of (higher) income. Not to live in a $700k post-war shitbox. If I had it my way we'd be in Colorado... one day my friend.

Hear! Hear!

[Anonymous]

Anonymous wrote:

Anonymous wrote:$385K

1953

12/1/2012

22043

$500K

In a year? That's wishful thinking.

maybe they spent a ton to update it. Just because it is worth more now doesn't mean they are making money.

[Anonymous]

Anonymous wrote:

Anonymous wrote:

Anonymous wrote:$385K

1953

12/1/2012

22043

$500K

In a year? That's wishful thinking.

maybe they spent a ton to update it. Just because it is worth more now doesn't mean they are making money.

But 22043 is the magic Pimmit Hills! Instant equity for everyone!

[Anonymous]

Anonymous wrote:

Anonymous wrote:

Anonymous wrote:

Anonymous wrote:We do love our location and schools--but the idea of cashing in and moving to a lower cost area (DH and I) can both work anywhere is tempting.

If we had decent equity and both of us could work anywhere - i'd get the f--- out of dodge. We stay in DC because of the job market and our retirement savings as a % of (higher) income. Not to live in a $700k post-war shitbox. If I had it my way we'd be in Colorado... one day my friend.

Hear! Hear!

I know, I know...but my family parents are 20 min away--my sister and her family 45 min.

My boys are very, VERY close to my mom and dad. They go for sleepovers and ask when they can see them again. Grandpa comes to all of their sporting events. Let me tell you---24 hours of freedom--no kids in the house every few weeks is priceless.


Without family in the area--it would be a no-brainer. With my parents in their early-mid 70s I know I will want to be close by as they get older. This is why I'm thinking of staying put until kids are older.

oh--but I think about it...even think of getting everyone to relocate too.

[Anonymous]

$60k
built 1900?
bought 1997
20001
Zillow says $800k and the city says $650k. So, somewhere between those I guess.

[Anonymous]

Paid $910k in 2008 (put in a pool after)
22066 (Langley pyramid)
Built in 1980
Zilliow estimates $881k

About to spend $100k renovating the kitchen with a bump-out. Hoping that metro in Reston/Tysons bumps up our value. This is our forever home so we're willing to put in some $ to make it perfect.

[Anonymous]

Paid 630K
Built 1912
Bought 2004
20009 Columbia Heights
800K