Again, here are the comps for 2001:
2000 sq-ft $360k
2000 sq-ft $359k
2000 sq-ft $340k
2300 sq-ft $359k
2300 sq-ft $359k
2300 sq-ft $343k
2300 sq-ft $338k
As you can see, the 2300 sq-ft floor plan sell roughly for the same as the 2000 sq-ft floor plan in 2001. So, I have to assume it would be selling for similar prices in 2000 as well.
The 2 sold comps for the 2300 sq-ft house in 2000 are:
2300 sq-ft $285k
2300 sq-ft $324k
Also, the 2000 sq-ft floor plan usually sell for ~5-10% more than the 1800 sq-ft floor plan and the one 1800 sq-ft floor plan that was sold in 2000 is:
1800 sq-ft $275k
Also, the 2000 sq-ft floor plan usually sell for ~15% higher than the 1600 sq-ft floor plan. These are the sold comps for the 1600 sq-ft floor plan in 2000:
600 sq-ft $260k
1600 sq-ft $274k
1600 sq-ft $267k
So, if I have to guess, the 2000 sq-ft floor plan market value would be around $285k-$325k depending on location and condition.
Using the 3 comps in 2001, the median is $359k and the average is $353k. Using the $360k sold in May with rates ~7.15%, payment was 7% higher than mine. Using the $359k sold in August with rates 7%, payment was 5.7% higher than mine. Using the $340k sold in June with rates 7.11%, payment was 1% higher than mine.
Since there’s no exact sold comp in 2000 other than the $250k, I’ll just leave it at that and say that owner was paying 15-20% less than me. Still not bad for being 10 years apart.
