Is this a good deal ?

[CA renter]

Holy cow…almost $6,000/yr Mello-Roos!?!?!?!?!?

Add to that $177 (IIRC) in HOA fees, and that house would only be a “good deal” if it were priced at $200K.

Sorry, no way anyone should ever have to pay fees like that on their “own” home.

Add property taxes on top of that, and you’re really screwed.

[ocrenter]

[quote=CA renter]Holy cow…almost $6,000/yr Mello-Roos!?!?!?!?!?

Add to that $177 (IIRC) in HOA fees, and that house would only be a “good deal” if it were priced at $200K.

Sorry, no way anyone should ever have to pay fees like that on their “own” home.

Add property taxes on top of that, and you’re really screwed.[/quote]

everything has to be in prospective.

nearby south of pomerado home built in ’85 that’s slightly smaller at 4500 sqft recently sold for 1.025 million. with HOA of $235 per month.

http://www.sdlookup.com/MLS-110030145-11645_Caminito_Magnifica_San_Diego_CA_92131

so let’s do some math.

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.

[ocrenter]

[quote=CA renter]Holy cow…almost $6,000/yr Mello-Roos!?!?!?!?!?

Add to that $177 (IIRC) in HOA fees, and that house would only be a “good deal” if it were priced at $200K.

Sorry, no way anyone should ever have to pay fees like that on their “own” home.

Add property taxes on top of that, and you’re really screwed.[/quote]

everything has to be in prospective.

nearby south of pomerado home built in ’85 that’s slightly smaller at 4500 sqft recently sold for 1.025 million. with HOA of $235 per month.

http://www.sdlookup.com/MLS-110030145-11645_Caminito_Magnifica_San_Diego_CA_92131

so let’s do some math.

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.

[ocrenter]

[quote=CA renter]Holy cow…almost $6,000/yr Mello-Roos!?!?!?!?!?

Add to that $177 (IIRC) in HOA fees, and that house would only be a “good deal” if it were priced at $200K.

Sorry, no way anyone should ever have to pay fees like that on their “own” home.

Add property taxes on top of that, and you’re really screwed.[/quote]

everything has to be in prospective.

nearby south of pomerado home built in ’85 that’s slightly smaller at 4500 sqft recently sold for 1.025 million. with HOA of $235 per month.

http://www.sdlookup.com/MLS-110030145-11645_Caminito_Magnifica_San_Diego_CA_92131

so let’s do some math.

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.

[ocrenter]

[quote=CA renter]Holy cow…almost $6,000/yr Mello-Roos!?!?!?!?!?

Add to that $177 (IIRC) in HOA fees, and that house would only be a “good deal” if it were priced at $200K.

Sorry, no way anyone should ever have to pay fees like that on their “own” home.

Add property taxes on top of that, and you’re really screwed.[/quote]

everything has to be in prospective.

nearby south of pomerado home built in ’85 that’s slightly smaller at 4500 sqft recently sold for 1.025 million. with HOA of $235 per month.

http://www.sdlookup.com/MLS-110030145-11645_Caminito_Magnifica_San_Diego_CA_92131

so let’s do some math.

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.

[ocrenter]

[quote=CA renter]Holy cow…almost $6,000/yr Mello-Roos!?!?!?!?!?

Add to that $177 (IIRC) in HOA fees, and that house would only be a “good deal” if it were priced at $200K.

Sorry, no way anyone should ever have to pay fees like that on their “own” home.

Add property taxes on top of that, and you’re really screwed.[/quote]

everything has to be in prospective.

nearby south of pomerado home built in ’85 that’s slightly smaller at 4500 sqft recently sold for 1.025 million. with HOA of $235 per month.

http://www.sdlookup.com/MLS-110030145-11645_Caminito_Magnifica_San_Diego_CA_92131

so let’s do some math.

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.

[bearishgurl]

[quote=ocrenter][quote=CA renter]Holy cow…almost $6,000/yr Mello-Roos!?!?!?!?!?

Add to that $177 (IIRC) in HOA fees, and that house would only be a “good deal” if it were priced at $200K.

Sorry, no way anyone should ever have to pay fees like that on their “own” home.

Add property taxes on top of that, and you’re really screwed.[/quote]

everything has to be in prospective.

nearby south of pomerado home built in ’85 that’s slightly smaller at 4500 sqft recently sold for 1.025 million. with HOA of $235 per month.

http://www.sdlookup.com/MLS-110030145-11645_Caminito_Magnifica_San_Diego_CA_92131

so let’s do some math.

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.[/quote]

ocrenter, you’re “payment shopping” again. That’s not the way to look at a RE investment, even if it is intended for a primary residence.

Lets put this particular property in perspective. Assuming arguendo you keep this property for 25 years, $5994.58 x 25 (remaining) years of MR = approx. $149,884.50.

$ 801,250 + $146,885 = $948,135

The HOA dues difference may be attributable to the fact that Scripps Crown Pointe (SCP) is a gated community. Piggs, does anyone know if SCP was originally-built as a tract or custom community?

Putting all that aside, the sold comp you posted at SCP is far superior in that the garages are not broken up, as in the SB comp (if you park in front of one, you can’t drive into the other), and the lot and its configuration, home design (glaring example is tiny stock windows and little setback (SB) vs. large custom windows/doors and wall of windows in back (SCP), landscaping and location are all far superior to the Stonebridge subject. In addition, the buyer got a lot of “bang for the buck” in Scripps Crown Pointe, incl very expensive wrought-iron stair-railing and front door, italian marble, fountain w/trellis, pool, patio/deck, covered gazebo, mature landscaping, etc. Why don’t the SB pics show the backyard? Any Piggs know? Could it still be primarily dirt and weeds? All this stuff costs a lot of $$, ocrenter.

Also, do any Piggs know if SCP suffers from high power lines, as SB does?

IMO, the SB sold comp looks to me like a ticky-tacky “McMansion” with “church windows” and one stick tree on the (postage-stamp size) front yard. Bad, bad design for the $$. Just ba-a-a-a-a-ad.

I’m with CAR. If you are patient and diligent, for $948,135, you can get a cosmetic fixer in SD’s finest hoods, namely 92037 (Muirlands/LJ Farms), 92106 (Fleetridge, Roseville) or 92107 (Sunset Cliffs) all with “picture windows” or patio doors overlooking a partial or total city view or whitewater view. Not to mention with all the authentic “period accoutrements” thrown in. No, it probably won’t be 4000 sf and your voice will not echo inside :=]

Why on earth would anyone want to live in this monstrosity, located on the moon??

[bearishgurl]

[quote=ocrenter][quote=CA renter]Holy cow…almost $6,000/yr Mello-Roos!?!?!?!?!?

Add to that $177 (IIRC) in HOA fees, and that house would only be a “good deal” if it were priced at $200K.

Sorry, no way anyone should ever have to pay fees like that on their “own” home.

Add property taxes on top of that, and you’re really screwed.[/quote]

everything has to be in prospective.

nearby south of pomerado home built in ’85 that’s slightly smaller at 4500 sqft recently sold for 1.025 million. with HOA of $235 per month.

http://www.sdlookup.com/MLS-110030145-11645_Caminito_Magnifica_San_Diego_CA_92131

so let’s do some math.

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.[/quote]

ocrenter, you’re “payment shopping” again. That’s not the way to look at a RE investment, even if it is intended for a primary residence.

Lets put this particular property in perspective. Assuming arguendo you keep this property for 25 years, $5994.58 x 25 (remaining) years of MR = approx. $149,884.50.

$ 801,250 + $146,885 = $948,135

The HOA dues difference may be attributable to the fact that Scripps Crown Pointe (SCP) is a gated community. Piggs, does anyone know if SCP was originally-built as a tract or custom community?

Putting all that aside, the sold comp you posted at SCP is far superior in that the garages are not broken up, as in the SB comp (if you park in front of one, you can’t drive into the other), and the lot and its configuration, home design (glaring example is tiny stock windows and little setback (SB) vs. large custom windows/doors and wall of windows in back (SCP), landscaping and location are all far superior to the Stonebridge subject. In addition, the buyer got a lot of “bang for the buck” in Scripps Crown Pointe, incl very expensive wrought-iron stair-railing and front door, italian marble, fountain w/trellis, pool, patio/deck, covered gazebo, mature landscaping, etc. Why don’t the SB pics show the backyard? Any Piggs know? Could it still be primarily dirt and weeds? All this stuff costs a lot of $$, ocrenter.

Also, do any Piggs know if SCP suffers from high power lines, as SB does?

IMO, the SB sold comp looks to me like a ticky-tacky “McMansion” with “church windows” and one stick tree on the (postage-stamp size) front yard. Bad, bad design for the $$. Just ba-a-a-a-a-ad.

I’m with CAR. If you are patient and diligent, for $948,135, you can get a cosmetic fixer in SD’s finest hoods, namely 92037 (Muirlands/LJ Farms), 92106 (Fleetridge, Roseville) or 92107 (Sunset Cliffs) all with “picture windows” or patio doors overlooking a partial or total city view or whitewater view. Not to mention with all the authentic “period accoutrements” thrown in. No, it probably won’t be 4000 sf and your voice will not echo inside :=]

Why on earth would anyone want to live in this monstrosity, located on the moon??

[bearishgurl]

[quote=ocrenter][quote=CA renter]Holy cow…almost $6,000/yr Mello-Roos!?!?!?!?!?

Add to that $177 (IIRC) in HOA fees, and that house would only be a “good deal” if it were priced at $200K.

Sorry, no way anyone should ever have to pay fees like that on their “own” home.

Add property taxes on top of that, and you’re really screwed.[/quote]

everything has to be in prospective.

nearby south of pomerado home built in ’85 that’s slightly smaller at 4500 sqft recently sold for 1.025 million. with HOA of $235 per month.

http://www.sdlookup.com/MLS-110030145-11645_Caminito_Magnifica_San_Diego_CA_92131

so let’s do some math.

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.[/quote]

ocrenter, you’re “payment shopping” again. That’s not the way to look at a RE investment, even if it is intended for a primary residence.

Lets put this particular property in perspective. Assuming arguendo you keep this property for 25 years, $5994.58 x 25 (remaining) years of MR = approx. $149,884.50.

$ 801,250 + $146,885 = $948,135

The HOA dues difference may be attributable to the fact that Scripps Crown Pointe (SCP) is a gated community. Piggs, does anyone know if SCP was originally-built as a tract or custom community?

Putting all that aside, the sold comp you posted at SCP is far superior in that the garages are not broken up, as in the SB comp (if you park in front of one, you can’t drive into the other), and the lot and its configuration, home design (glaring example is tiny stock windows and little setback (SB) vs. large custom windows/doors and wall of windows in back (SCP), landscaping and location are all far superior to the Stonebridge subject. In addition, the buyer got a lot of “bang for the buck” in Scripps Crown Pointe, incl very expensive wrought-iron stair-railing and front door, italian marble, fountain w/trellis, pool, patio/deck, covered gazebo, mature landscaping, etc. Why don’t the SB pics show the backyard? Any Piggs know? Could it still be primarily dirt and weeds? All this stuff costs a lot of $$, ocrenter.

Also, do any Piggs know if SCP suffers from high power lines, as SB does?

IMO, the SB sold comp looks to me like a ticky-tacky “McMansion” with “church windows” and one stick tree on the (postage-stamp size) front yard. Bad, bad design for the $$. Just ba-a-a-a-a-ad.

I’m with CAR. If you are patient and diligent, for $948,135, you can get a cosmetic fixer in SD’s finest hoods, namely 92037 (Muirlands/LJ Farms), 92106 (Fleetridge, Roseville) or 92107 (Sunset Cliffs) all with “picture windows” or patio doors overlooking a partial or total city view or whitewater view. Not to mention with all the authentic “period accoutrements” thrown in. No, it probably won’t be 4000 sf and your voice will not echo inside :=]

Why on earth would anyone want to live in this monstrosity, located on the moon??

[bearishgurl]

[quote=ocrenter][quote=CA renter]Holy cow…almost $6,000/yr Mello-Roos!?!?!?!?!?

Add to that $177 (IIRC) in HOA fees, and that house would only be a “good deal” if it were priced at $200K.

Sorry, no way anyone should ever have to pay fees like that on their “own” home.

Add property taxes on top of that, and you’re really screwed.[/quote]

everything has to be in prospective.

nearby south of pomerado home built in ’85 that’s slightly smaller at 4500 sqft recently sold for 1.025 million. with HOA of $235 per month.

http://www.sdlookup.com/MLS-110030145-11645_Caminito_Magnifica_San_Diego_CA_92131

so let’s do some math.

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.[/quote]

ocrenter, you’re “payment shopping” again. That’s not the way to look at a RE investment, even if it is intended for a primary residence.

Lets put this particular property in perspective. Assuming arguendo you keep this property for 25 years, $5994.58 x 25 (remaining) years of MR = approx. $149,884.50.

$ 801,250 + $146,885 = $948,135

The HOA dues difference may be attributable to the fact that Scripps Crown Pointe (SCP) is a gated community. Piggs, does anyone know if SCP was originally-built as a tract or custom community?

Putting all that aside, the sold comp you posted at SCP is far superior in that the garages are not broken up, as in the SB comp (if you park in front of one, you can’t drive into the other), and the lot and its configuration, home design (glaring example is tiny stock windows and little setback (SB) vs. large custom windows/doors and wall of windows in back (SCP), landscaping and location are all far superior to the Stonebridge subject. In addition, the buyer got a lot of “bang for the buck” in Scripps Crown Pointe, incl very expensive wrought-iron stair-railing and front door, italian marble, fountain w/trellis, pool, patio/deck, covered gazebo, mature landscaping, etc. Why don’t the SB pics show the backyard? Any Piggs know? Could it still be primarily dirt and weeds? All this stuff costs a lot of $$, ocrenter.

Also, do any Piggs know if SCP suffers from high power lines, as SB does?

IMO, the SB sold comp looks to me like a ticky-tacky “McMansion” with “church windows” and one stick tree on the (postage-stamp size) front yard. Bad, bad design for the $$. Just ba-a-a-a-a-ad.

I’m with CAR. If you are patient and diligent, for $948,135, you can get a cosmetic fixer in SD’s finest hoods, namely 92037 (Muirlands/LJ Farms), 92106 (Fleetridge, Roseville) or 92107 (Sunset Cliffs) all with “picture windows” or patio doors overlooking a partial or total city view or whitewater view. Not to mention with all the authentic “period accoutrements” thrown in. No, it probably won’t be 4000 sf and your voice will not echo inside :=]

Why on earth would anyone want to live in this monstrosity, located on the moon??

[bearishgurl]

[quote=ocrenter][quote=CA renter]Holy cow…almost $6,000/yr Mello-Roos!?!?!?!?!?

Add to that $177 (IIRC) in HOA fees, and that house would only be a “good deal” if it were priced at $200K.

Sorry, no way anyone should ever have to pay fees like that on their “own” home.

Add property taxes on top of that, and you’re really screwed.[/quote]

everything has to be in prospective.

nearby south of pomerado home built in ’85 that’s slightly smaller at 4500 sqft recently sold for 1.025 million. with HOA of $235 per month.

http://www.sdlookup.com/MLS-110030145-11645_Caminito_Magnifica_San_Diego_CA_92131

so let’s do some math.

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.[/quote]

ocrenter, you’re “payment shopping” again. That’s not the way to look at a RE investment, even if it is intended for a primary residence.

Lets put this particular property in perspective. Assuming arguendo you keep this property for 25 years, $5994.58 x 25 (remaining) years of MR = approx. $149,884.50.

$ 801,250 + $146,885 = $948,135

The HOA dues difference may be attributable to the fact that Scripps Crown Pointe (SCP) is a gated community. Piggs, does anyone know if SCP was originally-built as a tract or custom community?

Putting all that aside, the sold comp you posted at SCP is far superior in that the garages are not broken up, as in the SB comp (if you park in front of one, you can’t drive into the other), and the lot and its configuration, home design (glaring example is tiny stock windows and little setback (SB) vs. large custom windows/doors and wall of windows in back (SCP), landscaping and location are all far superior to the Stonebridge subject. In addition, the buyer got a lot of “bang for the buck” in Scripps Crown Pointe, incl very expensive wrought-iron stair-railing and front door, italian marble, fountain w/trellis, pool, patio/deck, covered gazebo, mature landscaping, etc. Why don’t the SB pics show the backyard? Any Piggs know? Could it still be primarily dirt and weeds? All this stuff costs a lot of $$, ocrenter.

Also, do any Piggs know if SCP suffers from high power lines, as SB does?

IMO, the SB sold comp looks to me like a ticky-tacky “McMansion” with “church windows” and one stick tree on the (postage-stamp size) front yard. Bad, bad design for the $$. Just ba-a-a-a-a-ad.

I’m with CAR. If you are patient and diligent, for $948,135, you can get a cosmetic fixer in SD’s finest hoods, namely 92037 (Muirlands/LJ Farms), 92106 (Fleetridge, Roseville) or 92107 (Sunset Cliffs) all with “picture windows” or patio doors overlooking a partial or total city view or whitewater view. Not to mention with all the authentic “period accoutrements” thrown in. No, it probably won’t be 4000 sf and your voice will not echo inside :=]

Why on earth would anyone want to live in this monstrosity, located on the moon??

[ocrenter]

Low $1 million for 4000+ resales in scripps is the going rate, regardless of whether there are over the top wrought iron staircases. Just saying you got to factor in the big discount in price before the crying and screaming regarding the MR and HOA.

Not going to get into another long argument with BG. It is bad for my mental well being.

[ocrenter]

Low $1 million for 4000+ resales in scripps is the going rate, regardless of whether there are over the top wrought iron staircases. Just saying you got to factor in the big discount in price before the crying and screaming regarding the MR and HOA.

Not going to get into another long argument with BG. It is bad for my mental well being.

[ocrenter]

Low $1 million for 4000+ resales in scripps is the going rate, regardless of whether there are over the top wrought iron staircases. Just saying you got to factor in the big discount in price before the crying and screaming regarding the MR and HOA.

Not going to get into another long argument with BG. It is bad for my mental well being.

[ocrenter]

Low $1 million for 4000+ resales in scripps is the going rate, regardless of whether there are over the top wrought iron staircases. Just saying you got to factor in the big discount in price before the crying and screaming regarding the MR and HOA.

Not going to get into another long argument with BG. It is bad for my mental well being.

[Author]

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