We still have a bit of a mortgage, but with an interest rate of only 2.875%. At the moment the equity in our home is on the order of about 4 times what we owe.
Note that they just sold a house on the next block over for $1,020,000 and there's one a few doors down on our street that just went on the market for $1,200,000. While both of these houses are a bit larger than ours, it's still the same neighborhood and this activity could raise the estimated (on Zillow.com) value of our property. Note that the one that sold last week was the first one in our association to actually close above $1 million since before the start of the recession, and I think the $1.2 million is the highest that anyone has ever asked for a home on our street. I hope they get that and perhaps even a bit more 
OCU
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