Monday, May 13, 2013


I closed on the sale of my Ossining townhouse last Monday.  The sales price was 1.59 times what I paid back in 1989 off a bit from the high point of about two times for units like mine (back around 2006). At about 2% a year appreciation this didn't keep up with inflation. Even before deducting for the 5% real estate commission and other expenses. So in one sense this wasn't a very good investment. Although it wasn't terrible compared to renting. And on the other hand I got to live there 23 years rent free and I liked the place. Which is also an important consideration. 

I might done a bit better financially if I had been less slothful and gotten the place listed 6 months earlier in the Spring instead of the Fall of last year. Spring seems like a better time to list. There are more potential buyers looking and I think the complex is more attractive at that time of year with warmer weather and more greenery. Also I would have (potentially) saved some months expenses. 

I took the picture two days before the closing when I visited the place for the last time. My unit is behind the middle tree. It faced South so it was nice and sunny and I liked the views of the pond.

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