Seems it never rain in Southern California Seems I've often heard that kind of talk before It never rains in California But girl, don't they warn ya It pours man it pours.
Albert Hammond -- It Never Rains In Southern California
The former owners of this property paid $605,000 on 9/19/2003. Within nine months, they had their downpayment back, and by the time they stopped HELOCing this place, they had $712,323 in mortgage debt for a mortgage take of over $100K.
Home Purchase Price … $605,000 Home Purchase Date .... 9/19/2003
Net Gain (Loss) .......... $146,060 Percent Change .......... 24.1% Annual Appreciation … 3.9%
Cost of Ownership ------------------------------------------------- $799,000 .......... Asking Price $159,800 .......... 20% Down Conventional 4.87% ............... Mortgage Interest Rate $639,200 .......... 30-Year Mortgage $163,001 .......... Income Requirement
$3,381 .......... Monthly Mortgage Payment
$692 .......... Property Tax $150 .......... Special Taxes and Levies (Mello Roos) $133 .......... Homeowners Insurance $247 .......... Homeowners Association Fees ============================================ $4,603 .......... Monthly Cash Outlays
-$822 .......... Tax Savings (% of Interest and Property Tax) -$787 .......... Equity Hidden in Payment $299 .......... Lost Income to Down Payment (net of taxes) $100 .......... Maintenance and Replacement Reserves ============================================ $3,394 .......... Monthly Cost of Ownership
Cash Acquisition Demands ------------------------------------------------------------------------------ $7,990 .......... Furnishing and Move In @1% $7,990 .......... Closing Costs @1% $6,392 ............ Interest Points @1% of Loan $159,800 .......... Down Payment ============================================ $182,172 .......... Total Cash Costs $52,000 ............ Emergency Cash Reserves ============================================ $234,172 .......... Total Savings Needed
Property Details for 88 CANOPY Irvine, CA 92603 ------------------------------------------------------------------------------ Beds: 4 Baths: 2 full 1 part baths Home size: 2,100 sq ft ($380 / sq ft) Lot Size: 4,000 sq ft Year Built: 2003 Days on Market: 33 Listing Updated: 40527 MLS Number: S639085 Property Type: Condominium, Residential Community: Quail Hill Tract: Laur ------------------------------------------------------------------------------ TREMENDOUSLY UPGARDED WITH BAMBOO WOOD FLOORS, CUSTOM DESIGNER CARPET, GARNITE COUNTERS, STAINLESS STEEL APPLIANCES,CUSTOM PAINT, FIRE PIT, BEST SUN EXPOSURE ON THE PLANET! LESS THAN A STONES THROW TO AWARD WINNING ELEMENT5RAY SCHOOL, FANTASTIC RETAURANTS AND EASY ACCESS TO ROADS. THIS WILL GO FAST, SO HURRY! ASSOCIATION AMENTIIES ARE INCERDIBLE - GYM, POOLS, TENNIS, SOCCER, RUNNING TRAILS!
0 comments:
Post a Comment
Note: Only a member of this blog may post a comment.