[SK in CV]

A few comments about Del Cerro.

Like Kobio, i grew up there. During the 60’s and early 70’s. My mother lived there till she died a few years ago.

The homes you linked to are in a nice part of the neighborhood but kind of a hassle to get to compared to some of the rest of del cerro. Going over the hill takes forever and if you do it daily, your tires will never last more than 20,000 miles. And going the other way via Navajo takes a bit longer. It’s a slightly newer part than the more southern part of madra by Norman Lane and below (which has some very nice homes, btw)

Kobio makes a good point about living on the hill. there are a few flat streets up at the top, but most of it just isn’t near as kid friendly.

The homes at the east end of Del Cerro blvd, where it starts to turn north towards Elaine are 20 to 25 years newer, my recollection is that they were built mostly in the late 70’s as opposed to most of the stuff east of college which was built in the late 50’s/early 60’s. You’ll find more high ceilings in the new part, almost none in the older part, except for a few on the hill. (Back then, the hill was Del Cerro Highlands. Not sure if that name is still used.)

My sister still lives there near the elementary school, and it seems that the neighborhood feel has remained there a bit more than up on the hill. But the homes are a bit smaller, and dated, almost all ranch. The number of 2 story homes on the west side of college is nil.

And yes, there is a difference between del cerro and princess del cerro. Nobody that lived there when i did considered them the same neighborhood. For that matter, even the homes you linked to were considered San Carlos. Anything on the down hill side towards the high school was. No one would get away with calling those homes part of the highlands. Whether that neighborhood snobiness remains, i have no idea.

[SK in CV]

A few comments about Del Cerro.

Like Kobio, i grew up there. During the 60’s and early 70’s. My mother lived there till she died a few years ago.

The homes you linked to are in a nice part of the neighborhood but kind of a hassle to get to compared to some of the rest of del cerro. Going over the hill takes forever and if you do it daily, your tires will never last more than 20,000 miles. And going the other way via Navajo takes a bit longer. It’s a slightly newer part than the more southern part of madra by Norman Lane and below (which has some very nice homes, btw)

Kobio makes a good point about living on the hill. there are a few flat streets up at the top, but most of it just isn’t near as kid friendly.

The homes at the east end of Del Cerro blvd, where it starts to turn north towards Elaine are 20 to 25 years newer, my recollection is that they were built mostly in the late 70’s as opposed to most of the stuff east of college which was built in the late 50’s/early 60’s. You’ll find more high ceilings in the new part, almost none in the older part, except for a few on the hill. (Back then, the hill was Del Cerro Highlands. Not sure if that name is still used.)

My sister still lives there near the elementary school, and it seems that the neighborhood feel has remained there a bit more than up on the hill. But the homes are a bit smaller, and dated, almost all ranch. The number of 2 story homes on the west side of college is nil.

And yes, there is a difference between del cerro and princess del cerro. Nobody that lived there when i did considered them the same neighborhood. For that matter, even the homes you linked to were considered San Carlos. Anything on the down hill side towards the high school was. No one would get away with calling those homes part of the highlands. Whether that neighborhood snobiness remains, i have no idea.

[SK in CV]

A few comments about Del Cerro.

Like Kobio, i grew up there. During the 60’s and early 70’s. My mother lived there till she died a few years ago.

The homes you linked to are in a nice part of the neighborhood but kind of a hassle to get to compared to some of the rest of del cerro. Going over the hill takes forever and if you do it daily, your tires will never last more than 20,000 miles. And going the other way via Navajo takes a bit longer. It’s a slightly newer part than the more southern part of madra by Norman Lane and below (which has some very nice homes, btw)

Kobio makes a good point about living on the hill. there are a few flat streets up at the top, but most of it just isn’t near as kid friendly.

The homes at the east end of Del Cerro blvd, where it starts to turn north towards Elaine are 20 to 25 years newer, my recollection is that they were built mostly in the late 70’s as opposed to most of the stuff east of college which was built in the late 50’s/early 60’s. You’ll find more high ceilings in the new part, almost none in the older part, except for a few on the hill. (Back then, the hill was Del Cerro Highlands. Not sure if that name is still used.)

My sister still lives there near the elementary school, and it seems that the neighborhood feel has remained there a bit more than up on the hill. But the homes are a bit smaller, and dated, almost all ranch. The number of 2 story homes on the west side of college is nil.

And yes, there is a difference between del cerro and princess del cerro. Nobody that lived there when i did considered them the same neighborhood. For that matter, even the homes you linked to were considered San Carlos. Anything on the down hill side towards the high school was. No one would get away with calling those homes part of the highlands. Whether that neighborhood snobiness remains, i have no idea.

[SK in CV]

A few comments about Del Cerro.

Like Kobio, i grew up there. During the 60’s and early 70’s. My mother lived there till she died a few years ago.

The homes you linked to are in a nice part of the neighborhood but kind of a hassle to get to compared to some of the rest of del cerro. Going over the hill takes forever and if you do it daily, your tires will never last more than 20,000 miles. And going the other way via Navajo takes a bit longer. It’s a slightly newer part than the more southern part of madra by Norman Lane and below (which has some very nice homes, btw)

Kobio makes a good point about living on the hill. there are a few flat streets up at the top, but most of it just isn’t near as kid friendly.

The homes at the east end of Del Cerro blvd, where it starts to turn north towards Elaine are 20 to 25 years newer, my recollection is that they were built mostly in the late 70’s as opposed to most of the stuff east of college which was built in the late 50’s/early 60’s. You’ll find more high ceilings in the new part, almost none in the older part, except for a few on the hill. (Back then, the hill was Del Cerro Highlands. Not sure if that name is still used.)

My sister still lives there near the elementary school, and it seems that the neighborhood feel has remained there a bit more than up on the hill. But the homes are a bit smaller, and dated, almost all ranch. The number of 2 story homes on the west side of college is nil.

And yes, there is a difference between del cerro and princess del cerro. Nobody that lived there when i did considered them the same neighborhood. For that matter, even the homes you linked to were considered San Carlos. Anything on the down hill side towards the high school was. No one would get away with calling those homes part of the highlands. Whether that neighborhood snobiness remains, i have no idea.

[SK in CV]

[quote=scaredycat]
SO IS THE BOTTOM LINE

that the payment would be the same, and just some of it would be deemed interest and some principal?[/quote]
Good research. The answer is yes.

[SK in CV]

[quote=scaredycat]
SO IS THE BOTTOM LINE

that the payment would be the same, and just some of it would be deemed interest and some principal?[/quote]
Good research. The answer is yes.

[SK in CV]

[quote=scaredycat]
SO IS THE BOTTOM LINE

that the payment would be the same, and just some of it would be deemed interest and some principal?[/quote]
Good research. The answer is yes.

[SK in CV]

[quote=scaredycat]
SO IS THE BOTTOM LINE

that the payment would be the same, and just some of it would be deemed interest and some principal?[/quote]
Good research. The answer is yes.

[SK in CV]

[quote=scaredycat]
SO IS THE BOTTOM LINE

that the payment would be the same, and just some of it would be deemed interest and some principal?[/quote]
Good research. The answer is yes.

[SK in CV]

[quote=Eugene]
The treasurer issues a bill based on the old assessment value. The escrow company collects part of the bill from the seller and the rest of the bill from the buyer (prorated based on the exact closing date.) When the next billing cycle arrives, it would appear to me that the treasurer would send two supplemental bills/refunds, again prorated based on the closing date, one to the seller and one to the buyer.[/quote]

The escrow company will almost always do the prorate based on an actual bill (except for a few months during the summer, the first few months of the tax year when assessed value may change). Bills are typically of record by Sept., (though they don’t become liens until 11/1, and I may have been wrong before, the lien date for the 2nd installment may actually be 1/1, not 2/1) and unless they’ve really sped up their processing, it usually won’t include changed assessment values based on transfers after about May. This is because assesments are done by 6/30, when the appeals period begins. (all of this is, for the purpose of these timelines, ignores issues of multiple transfers and/or appeals of assesed values)

Escrow companies do screw up sometimes, but it’s usually human error, not because they don’t know what the tax bill will be. Within a few pennies, they do.

The reassessment based on the transfer doesn’t apply to the seller, only the buyer. So the seller won’t get a supplemental bill (or refund). The buyer will, prorated from the date of transfer through the end of the tax year (June 30).

[SK in CV]

[quote=Eugene]
The treasurer issues a bill based on the old assessment value. The escrow company collects part of the bill from the seller and the rest of the bill from the buyer (prorated based on the exact closing date.) When the next billing cycle arrives, it would appear to me that the treasurer would send two supplemental bills/refunds, again prorated based on the closing date, one to the seller and one to the buyer.[/quote]

The escrow company will almost always do the prorate based on an actual bill (except for a few months during the summer, the first few months of the tax year when assessed value may change). Bills are typically of record by Sept., (though they don’t become liens until 11/1, and I may have been wrong before, the lien date for the 2nd installment may actually be 1/1, not 2/1) and unless they’ve really sped up their processing, it usually won’t include changed assessment values based on transfers after about May. This is because assesments are done by 6/30, when the appeals period begins. (all of this is, for the purpose of these timelines, ignores issues of multiple transfers and/or appeals of assesed values)

Escrow companies do screw up sometimes, but it’s usually human error, not because they don’t know what the tax bill will be. Within a few pennies, they do.

The reassessment based on the transfer doesn’t apply to the seller, only the buyer. So the seller won’t get a supplemental bill (or refund). The buyer will, prorated from the date of transfer through the end of the tax year (June 30).

[SK in CV]

[quote=Eugene]
The treasurer issues a bill based on the old assessment value. The escrow company collects part of the bill from the seller and the rest of the bill from the buyer (prorated based on the exact closing date.) When the next billing cycle arrives, it would appear to me that the treasurer would send two supplemental bills/refunds, again prorated based on the closing date, one to the seller and one to the buyer.[/quote]

The escrow company will almost always do the prorate based on an actual bill (except for a few months during the summer, the first few months of the tax year when assessed value may change). Bills are typically of record by Sept., (though they don’t become liens until 11/1, and I may have been wrong before, the lien date for the 2nd installment may actually be 1/1, not 2/1) and unless they’ve really sped up their processing, it usually won’t include changed assessment values based on transfers after about May. This is because assesments are done by 6/30, when the appeals period begins. (all of this is, for the purpose of these timelines, ignores issues of multiple transfers and/or appeals of assesed values)

Escrow companies do screw up sometimes, but it’s usually human error, not because they don’t know what the tax bill will be. Within a few pennies, they do.

The reassessment based on the transfer doesn’t apply to the seller, only the buyer. So the seller won’t get a supplemental bill (or refund). The buyer will, prorated from the date of transfer through the end of the tax year (June 30).

[SK in CV]

[quote=Eugene]
The treasurer issues a bill based on the old assessment value. The escrow company collects part of the bill from the seller and the rest of the bill from the buyer (prorated based on the exact closing date.) When the next billing cycle arrives, it would appear to me that the treasurer would send two supplemental bills/refunds, again prorated based on the closing date, one to the seller and one to the buyer.[/quote]

The escrow company will almost always do the prorate based on an actual bill (except for a few months during the summer, the first few months of the tax year when assessed value may change). Bills are typically of record by Sept., (though they don’t become liens until 11/1, and I may have been wrong before, the lien date for the 2nd installment may actually be 1/1, not 2/1) and unless they’ve really sped up their processing, it usually won’t include changed assessment values based on transfers after about May. This is because assesments are done by 6/30, when the appeals period begins. (all of this is, for the purpose of these timelines, ignores issues of multiple transfers and/or appeals of assesed values)

Escrow companies do screw up sometimes, but it’s usually human error, not because they don’t know what the tax bill will be. Within a few pennies, they do.

The reassessment based on the transfer doesn’t apply to the seller, only the buyer. So the seller won’t get a supplemental bill (or refund). The buyer will, prorated from the date of transfer through the end of the tax year (June 30).

[SK in CV]

[quote=Eugene]
The treasurer issues a bill based on the old assessment value. The escrow company collects part of the bill from the seller and the rest of the bill from the buyer (prorated based on the exact closing date.) When the next billing cycle arrives, it would appear to me that the treasurer would send two supplemental bills/refunds, again prorated based on the closing date, one to the seller and one to the buyer.[/quote]

The escrow company will almost always do the prorate based on an actual bill (except for a few months during the summer, the first few months of the tax year when assessed value may change). Bills are typically of record by Sept., (though they don’t become liens until 11/1, and I may have been wrong before, the lien date for the 2nd installment may actually be 1/1, not 2/1) and unless they’ve really sped up their processing, it usually won’t include changed assessment values based on transfers after about May. This is because assesments are done by 6/30, when the appeals period begins. (all of this is, for the purpose of these timelines, ignores issues of multiple transfers and/or appeals of assesed values)

Escrow companies do screw up sometimes, but it’s usually human error, not because they don’t know what the tax bill will be. Within a few pennies, they do.

The reassessment based on the transfer doesn’t apply to the seller, only the buyer. So the seller won’t get a supplemental bill (or refund). The buyer will, prorated from the date of transfer through the end of the tax year (June 30).

[SK in CV]

I have to disagree with SD Realtor. When lenders require it (which is almost always) escrow does pay property taxes when escrows close and property taxes are due. 1st installments are due 11/1 and delinquent if not paid by 12/10, 2nd installments are due 2/1, delinquent if not paid before 4/10. They lien on the due dates. So most months, taxes will not be paid, only prorated, but if they are upaid from 11/1 to 12/10 and 2/1 to 4/10 they will be paid directly from escrow.

So if you close after 2/1 but before 4/10, and property taxes haven’t been paid, escrow will pay it, but from the sellers funds, not yours. (At least that’s usually the way they do it, because it will technically have liened against the seller.) You will have a precise prorate of the actual tax bill which is due on 4/10.

Between July 1 and November 1, taxes may be estimated because they have not yet liened, and the precise amount may not be known (though the estimates are usually pretty good.) That estimate will be based on the previous assessed value. If the new assessed value is less, you’ll get a refund and a negative supplemental tax bill.

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