at 20% down ($205000), south of pomerado home will incur $4033 per month of mortgage payment. monthly property tax and HOA equals $1174, total monthly cost of $5200.
the stonebridge home, with the same downpayment of $205000, will be at 25% down. mortgage will be $2955. monthly property tax and HOA and MR equals $1400, total monthly cost would be $4365.
despite the high MR, the monthly cost is still almost $1k less than more established areas of Scripps.
today if other 4000+ sqft homes in the Scripps and Poway area are going for $300k, then yes, this house should be $200k.
I know some folks automatically scream and run when they see large MR. and this is when you capitalize on that screaming and running. look at the final numbers and decide for yourself.
