| Is Zillow accurate? |
| $345K in 2006. Probably worth $260K now. |
| 1.25 mil in 2007. Zillow says 1078000 but was appraised for refi at 1.3. It's probably worth about what we paid. |
| Bought in '06 for 435K (handyman special) and assessed for 575K (Alexandria). We put down 260K. |
| Bought for 770K in 2005, probably worth 625K now. Of course the house we sold to get this one we bought in 1999 for 250K and sold for 650K so I'm not too crushed by this. |
Don't worry, I bought mine in 2005 and it's down 150K! |
This is me as well, sigh. Underwater by about $100k. Bought in 2007 |
| Why is no one who has lost value identifying his/her location? |
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We bought this past June for 950K.
We got it way under market price before it went on the open market. Zillow says 1.1. Our realtor said that if the house had gone on the market there would have been a bidding war and it would have sold for 1.2-1.3. This is in Arlington. This is our 3rd property. Property #1 bought for 315K in 2001 and sold in 2005 for 603K. Property #2 bought for 815K in 2005 and sold for 750K in 2012. All are in Arlington. Our current house is our forever house. |
forgot-- the best part is the NW house used to rent for 2900/month and now rents for 3650/month. The rental market has also increased significantly. Location really matters when you look at this thread. |
| Bought in 2003 $422,000. Now worth $785,000. Takoma Park, MoCo., Md Blair cluster. We bought right before the market went way up! Never really came down. |
| Ps we could afford to buy our house now. |
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I paid 220k for a DC rowhouse foreclosure in 2003. Have spent about 80k in renovations and it recently appraised for just under 600k.
When I bought the neighborhood was pretty sketchy. Now it's all coffee ships and yoga studios and bidding wars and lack of inventory. |
| Coffee shops, that should be. |
| Ours is pretty bad. Bought in 2007 for 1.265 and zillow estimates it at 854 now. We are staying put. Never sure if we should pay off second mortgage which has very low interest because it adjusted down to LIBOR. Guess we will wait to see what happens with mortgage deduction |