Please note this property was bought originally from the developer for 279,915 on 06/21/2000.
So in about 5 years the property went up 136% for a sale of 661,000 in late 2005. If it had appreciated by 6% a year (compounded) the price would be 375K in 200 late 2005. If that theoretical 6% had continued for another two it would be valued at 421K today. However, the price it is being offered at is 619,000 or 47% more then the 421K value if the value had increased 6% a year for the next 7 years from its original year 2000 price.