Who tends to buy $500k 1BR townhouses?

[multifarious]

Originally Posted by YorktownGal

It was sold 1/8/2014 for $165,172. The owner updated it and increased the value/price to $500,000.
.

I wonder if the $165k was super low. I think it was. That's the price of a 1BR co-op, not a condo in a top shelf town. Maybe fair price even 2014 was more like $300k? Then add in $100k of theoretical renovations (kitchen, bath, floors, etc) Then some general appreciation and it doesn't seem as outrageous anymore. Thanks.

[multifarious]

That 1BR seems like a poor value.
I bet someone overpaid for renovations.

Here is a 2BR in the same complex for only $30k higher
1700 ft vs 1100 ft

https://www.coldwellbankerhomes.com/.../pid_39619396/