Help – Considering San Elijo Hills.

[Anonymous]

So, it sounds like I’ve got some time to keep looking, which is good. 🙂
What about the mello roos and/or HOA there? Does anyone know what I might expect to pay if I bought…say that 269k condo (which I think is one of the ones I was looking at)? Are we talking $200+ monthly on top of the mortgage payments? Less? More?

[Anonymous]

So, it sounds like I’ve got some time to keep looking, which is good. 🙂
What about the mello roos and/or HOA there? Does anyone know what I might expect to pay if I bought…say that 269k condo (which I think is one of the ones I was looking at)? Are we talking $200+ monthly on top of the mortgage payments? Less? More?

[propertysearchaddiction]

Here is a listing from Redfin on a condo
1371 Catail

* Homeowners Fees: $230
* Community/Master Home Owner Fees $82
* Monthly Total Fees: $531

In a condo situation…you pay an HOA/ and a community master fee/and mello roos. If you add the first two and subtract from the total…I would guess the mello roos is about $200.

I think this is why condos should continue to decline in SEH more than in other communities because $500 a month in fees that aren’t tax deductible should be reflected somewhere which in my opinion is the price.
I think there are deals to be had out there especially at $269,000 and with the great interest rates. You are smart to figure out all the fees before you jump.

[propertysearchaddiction]

Here is a listing from Redfin on a condo
1371 Catail

* Homeowners Fees: $230
* Community/Master Home Owner Fees $82
* Monthly Total Fees: $531

In a condo situation…you pay an HOA/ and a community master fee/and mello roos. If you add the first two and subtract from the total…I would guess the mello roos is about $200.

I think this is why condos should continue to decline in SEH more than in other communities because $500 a month in fees that aren’t tax deductible should be reflected somewhere which in my opinion is the price.
I think there are deals to be had out there especially at $269,000 and with the great interest rates. You are smart to figure out all the fees before you jump.

[propertysearchaddiction]

Here is a listing from Redfin on a condo
1371 Catail

* Homeowners Fees: $230
* Community/Master Home Owner Fees $82
* Monthly Total Fees: $531

In a condo situation…you pay an HOA/ and a community master fee/and mello roos. If you add the first two and subtract from the total…I would guess the mello roos is about $200.

I think this is why condos should continue to decline in SEH more than in other communities because $500 a month in fees that aren’t tax deductible should be reflected somewhere which in my opinion is the price.
I think there are deals to be had out there especially at $269,000 and with the great interest rates. You are smart to figure out all the fees before you jump.

[propertysearchaddiction]

Here is a listing from Redfin on a condo
1371 Catail

* Homeowners Fees: $230
* Community/Master Home Owner Fees $82
* Monthly Total Fees: $531

In a condo situation…you pay an HOA/ and a community master fee/and mello roos. If you add the first two and subtract from the total…I would guess the mello roos is about $200.

I think this is why condos should continue to decline in SEH more than in other communities because $500 a month in fees that aren’t tax deductible should be reflected somewhere which in my opinion is the price.
I think there are deals to be had out there especially at $269,000 and with the great interest rates. You are smart to figure out all the fees before you jump.

[propertysearchaddiction]

Here is a listing from Redfin on a condo
1371 Catail

* Homeowners Fees: $230
* Community/Master Home Owner Fees $82
* Monthly Total Fees: $531

In a condo situation…you pay an HOA/ and a community master fee/and mello roos. If you add the first two and subtract from the total…I would guess the mello roos is about $200.

I think this is why condos should continue to decline in SEH more than in other communities because $500 a month in fees that aren’t tax deductible should be reflected somewhere which in my opinion is the price.
I think there are deals to be had out there especially at $269,000 and with the great interest rates. You are smart to figure out all the fees before you jump.

[LAAFTERHOURS]

[quote=propertysearchaddiction]
I think this is why condos should continue to decline in SEH more than in other communities because $500 a month in fees that aren’t tax deductible should be reflected somewhere which in my opinion is the price.
[/quote]

How much do you want to bet on the % of people that deduct MR taxes? I could name 10+ who live near me in another MR area that deduct theirs. Is it legal? No but I havent heard of it being enforced.. ever..

Edit – Im a renter btw.

[LAAFTERHOURS]

[quote=propertysearchaddiction]
I think this is why condos should continue to decline in SEH more than in other communities because $500 a month in fees that aren’t tax deductible should be reflected somewhere which in my opinion is the price.
[/quote]

How much do you want to bet on the % of people that deduct MR taxes? I could name 10+ who live near me in another MR area that deduct theirs. Is it legal? No but I havent heard of it being enforced.. ever..

Edit – Im a renter btw.

[LAAFTERHOURS]

[quote=propertysearchaddiction]
I think this is why condos should continue to decline in SEH more than in other communities because $500 a month in fees that aren’t tax deductible should be reflected somewhere which in my opinion is the price.
[/quote]

How much do you want to bet on the % of people that deduct MR taxes? I could name 10+ who live near me in another MR area that deduct theirs. Is it legal? No but I havent heard of it being enforced.. ever..

Edit – Im a renter btw.

[LAAFTERHOURS]

[quote=propertysearchaddiction]
I think this is why condos should continue to decline in SEH more than in other communities because $500 a month in fees that aren’t tax deductible should be reflected somewhere which in my opinion is the price.
[/quote]

How much do you want to bet on the % of people that deduct MR taxes? I could name 10+ who live near me in another MR area that deduct theirs. Is it legal? No but I havent heard of it being enforced.. ever..

Edit – Im a renter btw.

[LAAFTERHOURS]

[quote=propertysearchaddiction]
I think this is why condos should continue to decline in SEH more than in other communities because $500 a month in fees that aren’t tax deductible should be reflected somewhere which in my opinion is the price.
[/quote]

How much do you want to bet on the % of people that deduct MR taxes? I could name 10+ who live near me in another MR area that deduct theirs. Is it legal? No but I havent heard of it being enforced.. ever..

Edit – Im a renter btw.

[sdrealtor]

Those have among the highest fees in SEH.

Plan on about 250 for HOA and 150 to 200/month MR.

The MR will be on your tax bill so they actually are paid semi-annually. Figure your tax plus MR bill will be about 5,000.

I’m guessing that monthly carrying would be under $2,000 all in. Someone will likely step up and put forth the numbers. It would easily rent for that.

Figure an $18,000 item for taxes/mortgage interest on your itemeized deductions.

Everyone deducts MR on their taxes. Technically not tax deductible but it has never been challenged in tax court to my knowledge.

[sdrealtor]

Those have among the highest fees in SEH.

Plan on about 250 for HOA and 150 to 200/month MR.

The MR will be on your tax bill so they actually are paid semi-annually. Figure your tax plus MR bill will be about 5,000.

I’m guessing that monthly carrying would be under $2,000 all in. Someone will likely step up and put forth the numbers. It would easily rent for that.

Figure an $18,000 item for taxes/mortgage interest on your itemeized deductions.

Everyone deducts MR on their taxes. Technically not tax deductible but it has never been challenged in tax court to my knowledge.

[sdrealtor]

Those have among the highest fees in SEH.

Plan on about 250 for HOA and 150 to 200/month MR.

The MR will be on your tax bill so they actually are paid semi-annually. Figure your tax plus MR bill will be about 5,000.

I’m guessing that monthly carrying would be under $2,000 all in. Someone will likely step up and put forth the numbers. It would easily rent for that.

Figure an $18,000 item for taxes/mortgage interest on your itemeized deductions.

Everyone deducts MR on their taxes. Technically not tax deductible but it has never been challenged in tax court to my knowledge.

[Author]

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