Chef Jim Posted September 13, 2013 Posted September 13, 2013 Here is a listing of a house posted on SFgate.com (the SF Chronicle's website). http://www.redfin.co...10/home/1213734 Now here is it on google maps (look at the street view) of what it looked like before the flip. They paid $735k a year ago. My issue is if that place looked that bad there have to be others in the 'hood that are just as bad. However this could be yours for a measly $1.7m. Oh BTW this was posted on SFgate.com today and it's sold already. http://goo.gl/maps/TsSHL
ExiledInIllinois Posted September 13, 2013 Posted September 13, 2013 I don't think atheletes making serious coin are going to want to play in the Bay Area. Taxes are too high! ;-)
Fan in San Diego Posted September 13, 2013 Posted September 13, 2013 Lets say they put $500K to $600K into the place. They are into it for 1.4, Not a bad profit for a years effort. Go to 77anderson.com to see the inside.
Chef Jim Posted September 13, 2013 Author Posted September 13, 2013 (edited) Lets say they put $500K to $600K into the place. They are into it for 1.4, Not a bad profit for a years effort. Go to 77anderson.com to see the inside. Oh they made some serious profit on it. And the $1.4mil (if that's even what they were out of pocket) probably was done in cash. That's the MO here and most places now. Oh and you'd think for $1.7m they'd have at least put of a decent fence and some better landscaping in back. Looks like ****. I don't think atheletes making serious coin are going to want to play in the Bay Area. Taxes are too high! ;-) Have you compared property taxes in CA to what they are in NY? Edited September 13, 2013 by Chef Jim
KD in CA Posted September 13, 2013 Posted September 13, 2013 I can't speak to the quality of the neighborhood, but assuming it's nice, the price doesn't seem that outragous to me for a house right in the city. Great views, close to the park, etc. I don't begrude builders making their margins; it's hard work and not everyone is good at it. Personally I'd prefer to spend $1.7MM to get 10X the land and double the sf out in the 'burbs, but I get the appeal of city living too. I'd probably be doing it if I didn't have kids.
ExiledInIllinois Posted September 13, 2013 Posted September 13, 2013 Have you compared property taxes in CA to what they are in NY? No. How much would they be on a 200k house. I pay about 6k on a 150k house in Illinois.
boyst Posted September 14, 2013 Posted September 14, 2013 No. How much would they be on a 200k house. I pay about 6k on a 150k house in Illinois. mine is $110k. I pay $780.
ExiledInIllinois Posted September 14, 2013 Posted September 14, 2013 (edited) mine is $110k. I pay $780. LoL... We gotta lot more RUSTED infrastructure here! And I am NOT in Cook county! I am in a conservative collar county. If I moved my house a mile into Cook, I would pay 2k LESS! BUT, they would get me other ways! Edited September 14, 2013 by ExiledInIllinois
BuffaloBill Posted September 14, 2013 Posted September 14, 2013 mine is $110k. I pay $780. I don't even want to think about it. Too depressing.
Just Jack Posted September 14, 2013 Posted September 14, 2013 mine is $110k. I pay $780. Is that because it's considered a farm house?
Chef Jim Posted September 14, 2013 Author Posted September 14, 2013 No. How much would they be on a 200k house. I pay about 6k on a 150k house in Illinois. Well first off you'll never find a place here for $200k but taxes would be about $2000. Our taxes on our $500k is about $7000.
boyst Posted September 14, 2013 Posted September 14, 2013 Is that because it's considered a farm house? I live in the country. I still have to pay fire taxes, and such. Altogether it comes to like $900. The farm itself, I forget, but Ag is the second lowest tier in most states. Forestry is lowest, but recent crackdowns have been catching people with wooded lots claiming them as forestry. You need a forestry management plan and actively maintain a healthy forest. And once caught you often get changed without notice to light industrial...its on you to have it changed.
ExiledInIllinois Posted September 14, 2013 Posted September 14, 2013 Well first off you'll never find a place here for $200k but taxes would be about $2000. Our taxes on our $500k is about $7000. That is what I figured. Here, houses are dirt cheap. 1/2 what they go elsewhere. Houses are cheap like BFLO and taxes through the roof! My house would be double if I moved it from the south of the Chicagoland area to north Chicagoland.
Nanker Posted September 14, 2013 Posted September 14, 2013 Well first off you'll never find a place here for $200k but taxes would be about $2000. Our taxes on our $500k is about $7000. Just about twice that here. $13k for $550k appraised.
Chef Jim Posted September 14, 2013 Author Posted September 14, 2013 Just about twice that here. $13k for $550k appraised. Where is here? What kind of house will you get for $550k
ExiledInIllinois Posted September 14, 2013 Posted September 14, 2013 Where is here? What kind of house will you get for $550k Here, south of Chicago/NW Indiana... A mansion with 5 acres and a pole barn w/stables. If you are Ann Romney, you can keep your horse there! And since you are out in the country, unincorporated... Taxes would only be 2 or 3 grand... My estimation of course. :-P
Just Jack Posted September 14, 2013 Posted September 14, 2013 Where is here? What kind of house will you get for $550k For the central NY area, about the same in taxes as Nanker stated (I selected single family, between $500K and $600K).... http://realestate.syracuse.com/?classification=real+estate&temp_type=browse&finder=buy&ad_type=residential-listing%2Cvacation-listing%2Cnew-homes-listing&tp=RE_syr&property=syracuse.com&adpricemin=500000&adpricemax=600000&feature_includes_property_type=single+family
Chef Jim Posted September 15, 2013 Author Posted September 15, 2013 For the central NY area, about the same in taxes as Nanker stated (I selected single family, between $500K and $600K).... http://realestate.syracuse.com/?classification=real+estate&temp_type=browse&finder=buy&ad_type=residential-listing%2Cvacation-listing%2Cnew-homes-listing&tp=RE_syr&property=syracuse.com&adpricemin=500000&adpricemax=600000&feature_includes_property_type=single+family Oh I knew what they were in NY. I was just wondering where Nanker was from.
ICanSleepWhenI'mDead Posted September 15, 2013 Posted September 15, 2013 For a state by state comparison of average property tax rates as a % of market value, based on 2007-2009 data, see: http://local.dexknows.com/property-tax-rates-by-state-find-out-where-you-rank/
plenzmd1 Posted September 15, 2013 Posted September 15, 2013 Here in Henrico(Richmond) it is .87 per $100. Had dinner with friends the other night in NYC. They bought a condo in Harlem bout 5 years ago before completely gentrified, paid $550/sq ft, going now for about $1,000/sq st. They said mid town or Chelsea now at $ 1400 sq ft.Wowser, $1.4M for a 1000 ft condo.
Recommended Posts