“The home that closed for 703.5k was originally sold for (drum roll please) 285k back on 9/20/99. Yeah I would say that the seller did okay. Looks like he pulled out some cash along the way but it seems he still did okay.”
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Nice pull on the purchase price SDR. Helocs/refi’s aside and playing the assumption game, with 10% down in ’99, the owners turned a $28.5K investment into about $400K in less than 8 years. Tax free if it’s a couple. Nice. Imagine if they would have opted to buy into and ride the tech stock craze instead…
