If you really think Rising River is at 2000 price, do you think the quality of the Rising River house/lot/location is comparable to the Castello house? Here’s a quick comparison:
Castello vs Rising River
5,413 sq-ft vs 4,464 sq-ft
28,749 sq-ft lot vs ~12,000 sq-ft lot (based on sdr)
6 beds, 5.5 baths vs 4 beds, 5 baths
Castello sold for:
05/21/2007-$1,710,000
07/03/2001-$874,990
In order for the Rising River to be at 2000 price, using Castello data point, you’d have to assume that 2000 and 2001 is the same (i.e. no appreciation between those 2 years), and that these two houses are comparable (i.e. priced the same). Since Rising River sold for $882,500 and Castello sold for $874k in 2001.
