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Reply to "Another example of runaway prices in Arlington"
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[quote=Anonymous][quote=Anonymous][quote=Anonymous]Bought for a little under $1.1M in 2024 and listed for $1.5M under 2 years later (with what looks like minimal work done). That's 36% appreciation in under 2 years. Wow! https://www.homes.com/property/425-n-norwood-st-arlington-va/y817f3m4e71j2/[/quote] While the property sales prices/listing price shows a 36% increase, the investment returnshould be dramatically higher as the owner/investor would have invested only about one-third (33.3%) of the sales price of $1.1 million (includes down payment & Reno budget). So probably will generate closer to 100% rate of return to the seller.[/quote] Sure, because the seller got a sweetheart deal in 2024. It wasn't a house that was offered to the public at that time, so nothing about this is replicable. Arlington homes have not risen in price by 36% in the past two years, but it's cute that anyone would believe that.[/quote]
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