It’s rather unbalanced. Even aside from my pet peeve (no land, awfully close to your neighbors). 100 feet from Camino Del Sur. And you can’t even get onto Camino Del Sur directly, you have to take a long detour. 6 bathrooms. Who could possibly need 6 bathrooms in a single-family house?
IMHO these houses are best suited as multi-family residences. You could comfortably fit 5 Mexican immigrant families in one. Comes out to only 200K mortgage for each family. Alternatively, it could be purchased by an investor and each bedroom could be rented to a separate family at $1200/month. It would even cash flow. Residents could pay their rent cleaning neighbors’ houses and mowing neighbors’ lawns.
this one was purchased for 1.47 million in 2005, the current owner is paying $22,700 in property tax yearly as well as $500 in HOA monthly. that gets to around $2400/month prior to her mortgage.
I think $850k would be reasonable for the house itself. but because mello roos is at 6800/year, that purchase price would only bring the total property tax down to $15000, which would still be roughly $1300 in taxes monthly, adding the $500 in HOA, still at $1800/month prior to mortgage.
and remember the $500 in HOA is not tax deductible.
this one was purchased for 1.47 million in 2005, the current owner is paying $22,700 in property tax yearly as well as $500 in HOA monthly. that gets to around $2400/month prior to her mortgage.
I think $850k would be reasonable for the house itself. but because mello roos is at 6800/year, that purchase price would only bring the total property tax down to $15000, which would still be roughly $1300 in taxes monthly, adding the $500 in HOA, still at $1800/month prior to mortgage.
and remember the $500 in HOA is not tax deductible.
this one was purchased for 1.47 million in 2005, the current owner is paying $22,700 in property tax yearly as well as $500 in HOA monthly. that gets to around $2400/month prior to her mortgage.
I think $850k would be reasonable for the house itself. but because mello roos is at 6800/year, that purchase price would only bring the total property tax down to $15000, which would still be roughly $1300 in taxes monthly, adding the $500 in HOA, still at $1800/month prior to mortgage.
and remember the $500 in HOA is not tax deductible.
this one was purchased for 1.47 million in 2005, the current owner is paying $22,700 in property tax yearly as well as $500 in HOA monthly. that gets to around $2400/month prior to her mortgage.
I think $850k would be reasonable for the house itself. but because mello roos is at 6800/year, that purchase price would only bring the total property tax down to $15000, which would still be roughly $1300 in taxes monthly, adding the $500 in HOA, still at $1800/month prior to mortgage.
and remember the $500 in HOA is not tax deductible.
this one was purchased for 1.47 million in 2005, the current owner is paying $22,700 in property tax yearly as well as $500 in HOA monthly. that gets to around $2400/month prior to her mortgage.
I think $850k would be reasonable for the house itself. but because mello roos is at 6800/year, that purchase price would only bring the total property tax down to $15000, which would still be roughly $1300 in taxes monthly, adding the $500 in HOA, still at $1800/month prior to mortgage.
and remember the $500 in HOA is not tax deductible.
