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ocrenter
Participanti did a lot of santaluz posts, but not on this house specifically.
Participantthis 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.
Participantthis 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.
Participantthis 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.
Participantthis 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.
Participantthis 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.
November 23, 2008 at 9:39 AM in reply to: Stonebridge Estates / Scripps Preserve – What’s going on there? #308124Participantnybuyer, developers are already hurting because the banks are pulling line of credits from under them. that’s why some of the developers are actually taking offers for less than replacement cost. of course, some builders are more flexible than others. in the case of brookfield and cornerstone, knowing that they switched strategies and decided to build cheap knock-offs of their original grand productions do make it harder to bargain with them. so you are left with other builders that did not go that route.
generally, $100-$150k off latest discounted asking will likely be taken.
November 23, 2008 at 9:39 AM in reply to: Stonebridge Estates / Scripps Preserve – What’s going on there? #308493Participantnybuyer, developers are already hurting because the banks are pulling line of credits from under them. that’s why some of the developers are actually taking offers for less than replacement cost. of course, some builders are more flexible than others. in the case of brookfield and cornerstone, knowing that they switched strategies and decided to build cheap knock-offs of their original grand productions do make it harder to bargain with them. so you are left with other builders that did not go that route.
generally, $100-$150k off latest discounted asking will likely be taken.
November 23, 2008 at 9:39 AM in reply to: Stonebridge Estates / Scripps Preserve – What’s going on there? #308511Participantnybuyer, developers are already hurting because the banks are pulling line of credits from under them. that’s why some of the developers are actually taking offers for less than replacement cost. of course, some builders are more flexible than others. in the case of brookfield and cornerstone, knowing that they switched strategies and decided to build cheap knock-offs of their original grand productions do make it harder to bargain with them. so you are left with other builders that did not go that route.
generally, $100-$150k off latest discounted asking will likely be taken.
November 23, 2008 at 9:39 AM in reply to: Stonebridge Estates / Scripps Preserve – What’s going on there? #308530Participantnybuyer, developers are already hurting because the banks are pulling line of credits from under them. that’s why some of the developers are actually taking offers for less than replacement cost. of course, some builders are more flexible than others. in the case of brookfield and cornerstone, knowing that they switched strategies and decided to build cheap knock-offs of their original grand productions do make it harder to bargain with them. so you are left with other builders that did not go that route.
generally, $100-$150k off latest discounted asking will likely be taken.
November 23, 2008 at 9:39 AM in reply to: Stonebridge Estates / Scripps Preserve – What’s going on there? #308594Participantnybuyer, developers are already hurting because the banks are pulling line of credits from under them. that’s why some of the developers are actually taking offers for less than replacement cost. of course, some builders are more flexible than others. in the case of brookfield and cornerstone, knowing that they switched strategies and decided to build cheap knock-offs of their original grand productions do make it harder to bargain with them. so you are left with other builders that did not go that route.
generally, $100-$150k off latest discounted asking will likely be taken.
November 20, 2008 at 11:05 PM in reply to: Stonebridge Estates / Scripps Preserve – What’s going on there? #307923Participantcompared to brookfield, davidson, and warmington, cornerstone and shea have been the most resistant in price reductions. both builders have not dropped prices below $1 million.
the problem with waiting for cornerstone to drop prices is if you go in to tiburon to offer your lowball, they can just point you to montero.
kinda like if you try to get the price down on a lexus, they just tell you to go across the street to the toyota dealership.
November 20, 2008 at 11:05 PM in reply to: Stonebridge Estates / Scripps Preserve – What’s going on there? #308295Participantcompared to brookfield, davidson, and warmington, cornerstone and shea have been the most resistant in price reductions. both builders have not dropped prices below $1 million.
the problem with waiting for cornerstone to drop prices is if you go in to tiburon to offer your lowball, they can just point you to montero.
kinda like if you try to get the price down on a lexus, they just tell you to go across the street to the toyota dealership.
November 20, 2008 at 11:05 PM in reply to: Stonebridge Estates / Scripps Preserve – What’s going on there? #308308Participantcompared to brookfield, davidson, and warmington, cornerstone and shea have been the most resistant in price reductions. both builders have not dropped prices below $1 million.
the problem with waiting for cornerstone to drop prices is if you go in to tiburon to offer your lowball, they can just point you to montero.
kinda like if you try to get the price down on a lexus, they just tell you to go across the street to the toyota dealership.
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