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re: When did you buy your first house and how much did it cost?

Posted on 9/2/26 at 4:17 pm to
Posted by Cali-to-Death Valley
SF Bay Area
Member since Dec 2004
804 posts
Posted on 9/2/26 at 4:17 pm to
Bought it in1983. Built in 1946. 2 beds, 1 bath, 970sf on a 7500sf corner lot, paid $108K. Sold it in 1987 for $183K
Posted by Jake88
Member since Apr 2005
81989 posts
Posted on 9/2/26 at 4:20 pm to
quote:

Thread made me think of my parents, who bought the house of my childhood in 1956. Paid $9,000. Zillow says it's current estimated value is $1,840,00.
If they had dropped that 9k in the stock market it would have been worth a bit more.
Posted by ronniep1
Baton Rouge
Member since Mar 2016
808 posts
Posted on 9/2/26 at 4:21 pm to
Bought in January '86
Built in '76 or '77
3 beds, 2 baths, 1730 sq ft
$65,000
Half acre lot in a subdivision

Thought we were doing good, because we got a "low" interest rate for first time buyers of 9.95%

In April '99, I sold it to my mom for the remaining mortgage balance, which was $41,000. We had an agreement that I'd get my equity out of the house when she could no longer live there. She was there until June, 2021, when she could no longer live alone. My younger brother and I did a ton of work making it look/feel more modern or updated, and we sold it in January '22 for $215,000.
This post was edited on 9/2/26 at 11:49 pm
Posted by stelly1025
Lafayette
Member since May 2012
10481 posts
Posted on 9/2/26 at 4:22 pm to
2009, $129,500. Bulit in 1987 1150 sq ft and last I looked the estimated value is about $175,000. It is a good little 2 bedroom, 2 bathroom house in a good area in Lafayette.
Posted by gumbo2176
Member since May 2018
20678 posts
Posted on 9/2/26 at 4:31 pm to
Most will find this very hard to believe but I swear it's absolutely true.

First house I bought was the old single shotgun on a narrow lot in the Lower 9th Ward I bought in 74 for a grand total of $9,200. It had 5 rooms and a bath with a small utility shed attached to the rear with a shed that ran across the width of the lot at the very back of the yard.

I did my own repair work, kept it for 5 years and sold it for $32K to the first people who looked at it.


Edited to add this: Current house in Mid-City N.O. bought in 92 for $54K. Two story and roughly 3200 sq. ft. that I did just about all the repair and upgrade work on it over the years.

Current market value unknown but comps are selling in the low to mid $400K range.
This post was edited on 9/2/26 at 4:38 pm
Posted by Ironmanfl04
Member since May 2024
56 posts
Posted on 9/2/26 at 4:40 pm to
First house, purchased around 1989
1244 square feet
3br, 2ba
$75,000 at a mortgage interest rate of 10%+
I see it's currently estimated at $234,000.
Posted by redfish99
B.R.
Member since Aug 2007
19995 posts
Posted on 9/2/26 at 4:40 pm to
1992
1450 SqFt
75K

Posted by NytroBud
LaFayette
Member since Jun 2009
6495 posts
Posted on 9/2/26 at 4:44 pm to
Purchased in 2000 for 40,000...was a fixer upper and interest rates were terrible
Posted by Popths
Baton Rouge
Member since Aug 2016
4572 posts
Posted on 9/2/26 at 4:47 pm to
1981, 1800 sqft
69,000
Salary was 20,800. I was 21 married
Posted by dat yat
Chef Pass
Member since Jun 2011
5121 posts
Posted on 9/2/26 at 4:53 pm to
Gwinnett County, GA - 3/2 on half acre $84K in 1992.
Posted by pochejp
Gonzales, Louisiana
Member since Jan 2007
8162 posts
Posted on 9/2/26 at 5:12 pm to
quote:

When did you buy your first house and how much did it cost?


December 1991 - 3 BDR 1.5 BTH Brick single story 1200 sq. ft. living - $29,900.00 My note was $285.00 a month included taxes and insurance.

Lived there 5 years and sold it for $55,000.00
Posted by Bayou_Tiger_225
Third Earth
Member since Mar 2016
13280 posts
Posted on 9/2/26 at 5:21 pm to
Purchased - 2021
House built - 2001
Size - 4/2.5
Cost - $320k
Posted by Slip Screen
Magnolia, Texas
Member since Jan 2005
2216 posts
Posted on 9/2/26 at 5:22 pm to
1999

$130K

West Houston (just outside Beltway of I-10)

Single story, 2,200 sqft

1/4 acre

Built in 1979 (I think)
Posted by JohnnyKilroy
Cajun Navy Vice Admiral
Member since Oct 2012
42252 posts
Posted on 9/2/26 at 5:26 pm to
2017.

Built in like 92 or so

4/2.5 ~2100 sqft

Bought for 450k the day it hit the market. Sold it 4 years later for 650k the day it hit the market.
This post was edited on 9/2/26 at 5:29 pm
Posted by auie93
Auburn
Member since Jan 2021
911 posts
Posted on 9/2/26 at 5:27 pm to
1993 and I was a 23 year old newlywed. We had a 1750 sq ft house built on 1.5 acres about 15 miles outside of the city we worked in for $118,000. Think our interest rate started out around 7% and I refinanced it once before selling in 1999. That was not wise financially but had no idea I would be moving less than a year after doing it. Just checked and Zillow has it at $295,000 today with most of that increase being the last 10 years (doubled in value).
This post was edited on 9/2/26 at 5:51 pm
Posted by choupiquesushi
yaton rouge
Member since Jun 2006
36093 posts
Posted on 9/2/26 at 5:37 pm to
1996 built 1968

158K 2200 sq ft.

Lake side of west esplanade between transcontinental and causeway.
This post was edited on 9/2/26 at 7:24 pm
Posted by Sugarbaker
Peachtree
Member since Jun 2023
694 posts
Posted on 9/2/26 at 5:38 pm to
1997
2000 sq ft, 3Br, 2ba.
100x150 lot
Built in 1965. Solid as a rock.
$95k

Per realtor.com it last sold for $160k in 2010 and estimated value now is $230k
Posted by chinesebandit56
Brusly
Member since Apr 2017
241 posts
Posted on 9/2/26 at 5:42 pm to
1993 2500 sq ft. $124,000. House was 3 years old when we bought. Sold it 7 years later for $169,000.
Posted by CHEDBALLZ
South Central LA
Member since Dec 2009
23416 posts
Posted on 9/2/26 at 5:44 pm to
2004
3br 2ba
138k

Still in, worth about 285-300 now.
Posted by LSUfan4444
Member since Mar 2004
57597 posts
Posted on 9/2/26 at 5:50 pm to
2008, $295,000
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