The tax rate is 1.5%. Mello Roos is ~$3300/yr and HOA is ~$60/mnth. Total monthly fees would be ~$340.
The auction fee would be 5% of bidding price so technically it’ll be 525K for this home. This home is not backing up to a busy road. There’s openland south and east of Venzano – a very quiet neighborhood.
Would I be better off waiting a few more months and see where the market is (in terms of interest rates, home prices, etc). Or are there better deals out there (short sales, REO(not through auction), etc).
