Rancho Santa Margarita down 8.9%

Rancho Santa Margarita Overview

Median home price is $334,000. Based on a rental parity value of $529,000, this market is under valued.

Monthly payment affordability has been improving over the last 2 month(s). Momentum suggests improving affordability.

Resale prices on a $/SF basis increased to $223/SF to $224/SF.

Resale prices have been falling for 12 month(s). Price momentum suggests falling prices over the next three months.

Median rental rates increased $0 last month from $2,231 to $2,231.

Rents have been rising for 11 month(s). Price momentum suggests rising rents over the next three months.

Market rating = 7

Proprietary OC Housing News home purchase analysis

43 SUMMITCREST Rancho Santa Margarita, CA 92679

$680,000 …….. Asking Price
$627,000 ………. Purchase Price
6/27/2003 ………. Purchase Date

$53,000 ………. Gross Gain (Loss)
($50,160) ………… Commissions and Costs at 8%
============================================
$2,840 ………. Net Gain (Loss)
============================================
8.5% ………. Gross Percent Change
0.5% ………. Net Percent Change
0.9% ………… Annual Appreciation

Cost of Home Ownership
——————————————————————————
$680,000 …….. Asking Price
$136,000 ………… 20% Down Conventional
4.04% …………. Mortgage Interest Rate
30 ……………… Number of Years
$544,000 …….. Mortgage
$130,414 ………. Income Requirement

$2,610 ………… Monthly Mortgage Payment
$589 ………… Property Tax at 1.04%
$0 ………… Mello Roos & Special Taxes
$170 ………… Homeowners Insurance at 0.3%
$0 ………… Private Mortgage Insurance
$0 ………… Homeowners Association Fees
============================================
$3,369 ………. Monthly Cash Outlays

($424) ………. Tax Savings
($778) ………. Equity Hidden in Payment
$192 ………….. Lost Income to Down Payment
$190 ………….. Maintenance and Replacement Reserves
============================================
$2,549 ………. Monthly Cost of Ownership

Cash Acquisition Demands
——————————————————————————
$8,300 ………… Furnishing and Move In at 1% + $1,500
$8,300 ………… Closing Costs at 1% + $1,500
$5,440 ………… Interest Points
$136,000 ………… Down Payment
============================================
$158,040 ………. Total Cash Costs
$39,000 ………. Emergency Cash Reserves
============================================
$197,040 ………. Total Savings Needed
——————————————————————————————————————————————-
This property is available for sale via the MLS.
Please contact Shevy Akason, #01836707
949.769.1599……
sales@ochousingnews.com…..

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We're sorry, but we couldn't find MLS # S690611 in our database. This property may be a new listing or possibly taken off the market. Please check back again.

	$558,000 5 RAINIER		0.06 miles 4 bd / 3.5 ba 3,230 Sq. Ft.
	$749,000 39 HIGHPOINT		0.14 miles 4 bd / 3.5 ba 3,069 Sq. Ft.
	$549,900 32031 LOMITA Dr		0.24 miles 4 bd / 3 ba 2,522 Sq. Ft.
	$620,000 21925 VIA DEL LAGO		0.32 miles 4 bd / 3.5 ba 3,347 Sq. Ft.
	$635,000 22 SOMERSET		0.34 miles 4 bd / 2.75 ba 2,506 Sq. Ft.
	$725,000 21802 AMBROSIA Ln		0.35 miles 4 bd / 3 ba 2,800 Sq. Ft.
	$740,000 21912 VIA DEL LAGO		0.35 miles 4 bd / 2.5 ba 3,000 Sq. Ft.
	$579,000 31791 VIA DEL VIENTO		0.36 miles 4 bd / 2.5 ba 2,400 Sq. Ft.
	$699,000 27 BANSTEAD		0.42 miles 5 bd / 3 ba 2,750 Sq. Ft.
	$696,000 29 BANSTEAD		0.43 miles 5 bd / 3 ba 3,000 Sq. Ft.

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