62cutlassParticipantStatus: PhysicianPosts: 27Joined: 01/11/2016
Medical school /residency condo
Bought 2006 for 184,500
Sold 2015 for 255,000
Recently sold for 220,000
Bought 2016 460,000
Sold 2018 525,000
Recently sold for 510,000
Just built new home.August 14, 2019 at 3:05 pm MST #238966MSoonerParticipantStatus: SpousePosts: 200Joined: 02/25/2016
Bought our house at the end of MS2 (I know, I know) for $175K in 2012. Current Zestimate is $302K. Home down the street (similar size/finish out) just sold for asking price (had 2 offers of $340K!) on the day it was listed.
We’re selling next spring–dear sweet baby Jesus let this market hold just a little bit longer, because that would pay off the med school loans and then some!August 14, 2019 at 8:49 pm MST #239033spotty_dogParticipantStatus: SpousePosts: 88Joined: 01/08/2016
One house, one spouse! LOL.
The places we considered at $300 in 2006, before deciding to rent for residency, are now going for about $250. Our current home is now valued on Redfin at about $150 more than we paid in 2009. Doesn’t matter much though. We won’t be going anywhere anytime soon.HankModeratorStatus: AttorneyPosts: 1408Joined: 03/27/2017
Residency in San Antonio, bought in 2001 for $74K, sold in 2004 for $80K. (Still cheaper than renting equivalent housing) Now Zillow says $174K
Northern Virginia SFH, bought in 2004 for $445K, kept it. Zillow says it’s worth $708K.
San Diego condo, bought in 2008 for $431K, kept it. Zillow says it’s worth $631K.
San Diego SFH, bought in 2012 for $778K, now Zillow says $1.2M.
We’ve bought other places as pure investment properties and gotten better cash on cash returns. Still, we’ve gotten decent appreciation by holding onto previous residences.STMParticipantStatus: SpousePosts: 53Joined: 12/03/2016
Bought during residency in 2010 for $342K, sold in 2015 for $575K. Zillow says it’s worth $623K now. Thank you Portland real estate market!August 15, 2019 at 6:36 pm MST #239270Marko-ERParticipantStatus: Resident, Small Business OwnerPosts: 140Joined: 03/09/2016
Ok, I will share mine too..
#1) A small house (rancher) in a medium-sized university town in the midwest for undergrad –> medschool with help from parents, had roommates for all 7 years. Purchase mid-2003 for 190K, sold in 2010 in the midst of the post-2008 housing crash for 170K (ouch! supposedly recession-proof town). Resident/fellow who purchased from me sold again in 2013 for 183K. Current zestimate = 307K.
#2) Didn’t learn my lesson, purchased house mid-residency in early 2012 on the East Coast in a somewhat shady, but up & coming neighborhood for 180K. I was getting married that summer; marriage worked out (knock on wood), but the handshake fellowship offer fell thru. Had to apply & move out of town and rather than being a long-distance landlord, sold after just over 2 years mid-2014 for 220K. Luck, pure luck. Current zestimate 267K.
Finally learned my lesson. Rented during fellowship (despite a ‘handshake’ job offer at the institution where I landed), got a better private-practice job, bought 6 months into the job.
#3) Current home in a small-medium midwestern town, purchased for 270K. Happy with it, though lots of land (1+ acres) may come with privacy, it’s also a lot more maintenance than I expected. Current zestimate = 367K.August 15, 2019 at 8:52 pm MST #239282SLC OBParticipantStatus: PhysicianPosts: 571Joined: 06/23/2018
Residency (I know!) bought for $86K, Sold for $115 3 years later. Zillow says $92, but all other houses around are $150-190K
Bought a year prior to getting to first job (I know!), $390, lived in it for 8 years, still own it and rent it out, Zillow is wrong but says it is worth $783K (maybe worth $700K on a good day, I would think). Renting it out.
Bought in 2013, $870K, Zillow is wrong and says $2.257M; Likely more like S1.7-1.8M
We’ve done well.August 16, 2019 at 9:51 am MST #239327Dont_know_mindParticipantStatus: PhysicianPosts: 957Joined: 11/21/2017
1. 2001- Bought (B) 300k, sold (S) 2012 – 600k
2. B-2000: 300k, S-2014-800k
3. B-2008: 500k, S-2013-900k
4. B-2013: 1.1M, S-2017-1.5M
1. B-2007-1M, current value (CV) 7M-9M
2. B-2004-800k, CV 2.2M
3. B-2016-2.5M, CV 2.5M
4. B-2019-400k, CV 400k