congrats! good job on the purchase, less than $170/sqft on a Davidson home in a good area is more than anyone can ask. sub 4% interest rate is icing on the cake.
homes in this tract went for upward of $1.1 million at the peak of the market in ’05-’06.
and even though on the surface you only reaped a 30% discount from the peak, the difference in the amount financed plus the 2% difference in mortgage interest rate and also accounting for inflation means your monthly obligation is at 50% discount from peak.
I’m sure you’ve seen this prior thread on the subject:
I think consensus here was mid $600k as the bottom for the high 3000 sqft models back in ’09. but of course that did not account for inflation and the ultra low interest rate.
