[quote=kcal09][quote=ocrenter][quote=kcal09]Looks like price has come down quite a bit on this home-this type of home used to be over $1 million. Is it a good deal now or still overpriced?
Well, these went for around $700k new in 2002. Which means 2001 pricing. Adjusted for inflation and upgrades, this is actually quite a bit lower than 2001 prices.[/quote]
Thank you for the information. Does that mean it’s fairly priced as most other properties have not reached 2001 levels (yet) or is the 2001 price still too high?[/quote]
Assuming this house was 700k in 2002, adjusted for today’s dollar the price without interior/exterior improvements would be 880k.
There’s a smaller model that sold for 740k late last year, smaller by 300 sqft. That house was sold in the high 600k in 2002.
