On April 30, 1803 the nation of France sold 828,000 square miles (2,144,510 square km) of land west of the Mississippi River to the young United States of America in a treaty commonly known as the Louisiana Purchase.
This is considered by most to be the greatest real estate deal of all time.
The United States purchased the Louisiana Territory from France at a price of $15 million, or approximately four cents an acre. The ratification of the Louisiana Purchase treaty by the Senate on October 20, 1803, doubled the size of the United States and opened up the continent to its westward expansion.
So what was the interest rates at back then for this deal???
6%
I know a little crazy right but with today's hikes in interest rates I think it is amazing to think back to that real estate deal and see just how much the interest rates were back in the 1800's.
"There is no I in Real Estate only YOU!"
Bill Yarnall
Real Estate Expert
Real Estate Expert
Keller Williams Realty Sun Coast
St. Pete Beach
263 Corey Avenue
St. Pete Beach, FL 33706, US
Cell: (859) 200-7449
Office: (727) 367-3756
Fax: (727) 367-6170
Website: http://wyarnall.kwrealty.com/
Facebook: https://www.facebook.com/BillYarnallRealty
Twitter: @StPete_Homes
263 Corey Avenue
St. Pete Beach, FL 33706, US
Cell: (859) 200-7449
Office: (727) 367-3756
Fax: (727) 367-6170
Website: http://wyarnall.kwrealty.com/
Facebook: https://www.facebook.com/BillYarnallRealty
Twitter: @StPete_Homes