[quote=jimmyle]The typical home in NW MM along Calle Cristobal is similar to the listing below. Right now it is in contigency. The listing price is $439k and I think the sale price will be in the range of $420k to $440k. Perhaps you can be patient and look for a smaller home in this area. There are houses in this area that are around 1700 sq ft that can go for $400k. Recently, there was one that closed at $360k. There was another one that close last year at $420k. One drawback of these houses is that many are along Calle Cristobal so road noise is a problem.
Home insurance for a $400k home is usually around $450-$650 annually. PMI is around $180 monthly and if you put 10% down, it will take 7 years until your equity reaches 20% of sale price when PMI will stop.[/quote]
The problem with this NW corner of Mira Mesa which is the nicest area of MM – is that is mostly North of Calle Cristobal. And MOST houses fall in 2 categories – canyon view (a 30-50K worth canyon view – i.e. more expensive) OR you get a LOT of road noise from Calle Cristobal. I said MOST houses. There are a few in-between. So if you are ok with the ‘hood and Mira Mesa in general and you can find yourself one of those “in the middle” houses, great. Also the commute may be still an issue with the bottleneck at the railroad tracks at Sorrento Valley. I personally like the houses there on Cristobal quite a bit – I looked at 5 or 6 – only the road noise bothered us, and I didn’t care to pay for a canyon view, so I gave up on MM. I had enough other areas (PUSD, SR) to monitor without adding NW Mira Mesa to them.
