For Owners of Homes Over 7,000 SF – Share Your Experience!

[Anonymous]

I'm curious to hear from those of you who own homes over 7,000 square feet. Please share the details of your property, including:

How large is your home (exact square footage)?
Where is it located?
When did you buy it, and for how much?
What is the current estimated net worth of the property?
Did you buy it with cash or through a mortgage, and do you currently have a mortgage on it?

[Anonymous]

I will start

8005 SF Mclean/Langley area
Built in 2009
Paid 800k for the land + 900k to build
Estimated value 3.2m
Did a 140k down construction loan
2.75% mortgage which I refinanced in 2020 which a 1.3m balance

[Anonymous]

Anonymous wrote:I will start

8005 SF Mclean/Langley area
Built in 2009
Paid 800k for the land + 900k to build
Estimated value 3.2m
Did a 140k down construction loan
2.75% mortgage which I refinanced in 2020 which a 1.3m balance

You don’t need to announce “I will start.”

[Anonymous]

Anonymous wrote:

Anonymous wrote:I will start

8005 SF Mclean/Langley area
Built in 2009
Paid 800k for the land + 900k to build
Estimated value 3.2m
Did a 140k down construction loan
2.75% mortgage which I refinanced in 2020 which a 1.3m balance

You don’t need to announce “I will start.”

But I did?

[Anonymous]

My neighbor has a 7,500 sf house he paid $150,000 for in 1974.

Is that helpful

[Anonymous]

Only strivers get houses that big. It’s grotesque and shows poor taste. 2k-3k is the ideal house size

[Anonymous]

I can’t even keep up with my 1900 sq ft house. I give it to people who have to time and energy and money to live in a gigantic house.

[Anonymous]

Anonymous wrote:

Anonymous wrote:

Anonymous wrote:I will start

8005 SF Mclean/Langley area
Built in 2009
Paid 800k for the land + 900k to build
Estimated value 3.2m
Did a 140k down construction loan
2.75% mortgage which I refinanced in 2020 which a 1.3m balance

You don’t need to announce “I will start.”

But I did?

Because you’re stupid.

[Anonymous]

Anonymous wrote:I will start

8005 SF Mclean/Langley area
Built in 2009
Paid 800k for the land + 900k to build
Estimated value 3.2m
Did a 140k down construction loan
2.75% mortgage which I refinanced in 2020 which a 1.3m balance

I'm so sorry for you. That sounds awful.

What are your utility bills like?

[Anonymous]

Anonymous wrote:Only strivers get houses that big. It’s grotesque and shows poor taste. 2k-3k is the ideal house size

I have heard over 2k is huge and ridiculous. I disagree but this is really subjective.

[Anonymous]

Anonymous wrote:

Anonymous wrote:

Anonymous wrote:I will start

8005 SF Mclean/Langley area
Built in 2009
Paid 800k for the land + 900k to build
Estimated value 3.2m
Did a 140k down construction loan
2.75% mortgage which I refinanced in 2020 which a 1.3m balance

You don’t need to announce “I will start.”

But I did?

Which we can tell from the thread. Is your money inherited? Because you obviously didn't get it by being well-educated.

[Anonymous]

Ours is about 7,500. We owe about $1.25m on it, and it is worth about $2.5m. As far as it being a "striver" house, it is the right size house for our current needs as far as spaces for everyone to spread out, and ability to host guests. We had a much smaller house before we built this one and it wasn't comfortable. It's intentionally not showy (no great room, relatively closed floor plan, mid-market appliances, etc.). When we were first drawing up plans, we told the architect we wanted it to be "bigger on the inside than the outside." Obviously, we can't hide a large house but the goal was never to have a show-off house, just a place where we could live comfortably and welcome friends and family.

[Anonymous]

Anonymous wrote:Only strivers get houses that big. It’s grotesque and shows poor taste. 2k-3k is the ideal house size

Well the bank encourage us to build the largest possible to maximize equity based on our down payment. not sure who 2k is ideal for? Market forces basically forced us to build the largest home possible and our equity does show it paid off.

[Anonymous]

Anonymous wrote:

Anonymous wrote:

Anonymous wrote:

Anonymous wrote:I will start

8005 SF Mclean/Langley area
Built in 2009
Paid 800k for the land + 900k to build
Estimated value 3.2m
Did a 140k down construction loan
2.75% mortgage which I refinanced in 2020 which a 1.3m balance

You don’t need to announce “I will start.”

But I did?

Which we can tell from the thread. Is your money inherited? Because you obviously didn't get it by being well-educated.

ok not sure how this is relevant to the thread, i don't need to explain my story from lmc to upper by leveraging degrees and work experience but that's ok

[Anonymous]

What do y’all do with all that space?? I can’t picture it. I live with my son in 1500sq ft and feel like we have a huge house. The only thing I feel I’m missing is more space for exercise equipment and a laundry room - but that could be an extra 500 ft?