I’ve read in a property listing nearby they recently increased the HOA in order to replace the siding of the houses with something more fire-retardant (composite or something like that), plus repainting the exterior of the houses. That’s something that should add a little value to the complex.
But still, 250K-300K for 4 bdr 1700 sf in Scripps Ranch![/quote]
Scarlett, a trex deck is nice but it is no bigger than the private patio in your first listing
The biggest drawback to this complex is that the HOA dues ARE MORE THAN TWICE that of the “Timberlane” complex and, as an owner occcupant, this exp. is NOT tax-deductible.
Add up the price of all the upgrades in this unit that the unit at Timberlane doesn’t have and then subtract at least $5K for the wood floors at Timberlane. Installing upgrades yourself is WAY CHEAPER (if the property is worth it) than paying all that additional monthly dues, IMO.
Maybe the Timberlane owner would entertain offers in the low threes?? Remember, every additional $10K you borrow to buy Timberlane over this complex costs $50.70 more in mo. mortgage payment, assuming a 30-yr. fixed rate at 4.5%. This will be tax-deductible but the your purchase price should be a little under recent sales comps, imo.
3rd listing has one-car garage – won’t work if you have two or more vehicles (where will you park the rest?)
4th listing is high HOA dues again. I noticed notes in there about soundproofing. Do Miramar jets fly over these complexes? Is Timberlane close to this complex (looks like they are near the same lake, to me).
You can get a tax credit on double or triple-paned windows (up to $1500 on a =>$5000 purchase) thru 12/31/10. Watch for Lowes’ sales on these – they have them 2-3 times per yr.
I’d stay with the lower dues if I could negotiate an acceptable price that would build in some upgrades, but that is just me.
