Boing Boing points out that the house from the Amityville Horror is up for sale again. The last owner paid $310k for it in 1997, and is now asking $1.15 million. That calculates out to a 11% annual compounded rate of return. And they say the real estate bubble has crashed.
The horror.
Tags: Amityville Horror, Housing Bubble, Real Estate
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2 Responses to “Amityville Horror”
May 26th, 2010 at 3:29 pm
Zillow guesses ~$860k (http://www.zillow.com/homedetails/108-Ocean-Ave-Amityville-NY-11701/32596605_zpid/). Quarter acre lot, though it is on a lake. Welcome to Long Island.
May 26th, 2010 at 4:17 pm
Zillow’s value implies a healthy 8.2% annual compounded rate or return. Still way high by historical norms.
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