“Submitted by no_such_reality on August 10, 2006 – 1:45pm.

$300,000 Looks about right.

1**7 Elm Ridge Drive, Vista, CA 92081
Price Reduced: 07/28/06 — $525,000 to $495,000
Price Reduced: 08/07/06 — $495,000 to $450,000

Zillow sez:
Zestimate: $530,989
03/12/2002: $275,000
12/23/1997: $179,500”

no_such_reality – I am on board with you on this. 300K from the price in 1997 gives a compounded annual return of 6%. Assuming inflation has been 3-4%, it is still more than 2% over inflation. Let’s generously assume that 1997 was undervalued. That would make about 300K the right price.