Do you know the sale of your old house when it was first sold?
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Anonymous
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My Glover Park rowhhouse from the early 1930s was first sold for $7,600 !
According to the CPI calculator, that would be $136,000 in 2013. http://data.bls.gov/cgi-bin/cpicalc.pl (A GP rowhouse now sells for $750K-$900K depending on condition). |
Anonymous
| ^^ That was, the sale *price* of your old house, of course. |
Anonymous
| Where did you get that information? |
Anonymous
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OP here. Sorry, I was wrong -- the original price of a typical rowhouse built the development of the neighborhood was $9,750, or $175K in 2013 dollars.
http://gloverparkhistory.com/glover-park/residential-development-since-1926/glover-park-advertisement/ |
Anonymous
Zillow provides this info. Our house was built and purchased in 1967 for $48K. Its now worth about $1M. |
Anonymous
Is the house in the same condition it was in during the 1930s? No plumbing, climate control, or electrical upgrades, for example? |
Anonymous
It has been improved throughout the years, so, no, it's not the same house. I think that GPS homes that have had little to no improvement, but that been maintained well, would sell now for about $750k or so. |
Anonymous
That's about $340k in today's dollars. Good for you! |
Anonymous
| A few years ago an economist at George Mason University traced the appreciation of his Ol Town Alexandria house built in the 18th Century. The average rat of appreciation was 7% |