No longer homeless!!

[Toecutter]

Congratulations, Art! :clapping:

If it's not already there, you might want to trade some of that equity in for a pool in the backyard. Those should be standard equipment in Cactusland. We're gonna have a great time staying close to home this summer, enjoying our new $30,000 hole in the ground out back.

 

[Auburn]

Congrats - now you have a pretty good write off in intrest charges. You'll be surprised how much that helps the bottom line.

 

[CRMH Eagle]

I went broke just by looking at this house:

https://premier.colorado.remax.com/listings...D=38063144#aTop

 

[rickysnickers]

Very nice!! Congrats, you will enjoy it.

Rick

 

[painman]

I went broke just by looking at this house:
https://premier.colorado.remax.com/listings...D=38063144#aTop

I say save a bunch of good folks here on the board some money and just move NAFO over to your house.....PM. <><

 

[Fred W]

I went broke just by looking at this house:
https://premier.colorado.remax.com/listings...D=38063144#aTop

Nice. A standard 30 year mortgage on that baby would only run you ~$580k per month. And with a tax bill of only $60k per year it's a bargain...

 

[kaitsdad]

I went broke just by looking at this house:
https://premier.colorado.remax.com/listings...D=38063144#aTop

Nice. A standard 30 year mortgage on that baby would only run you ~$580k per month. And with a tax bill of only $60k $600K per year it's a bargain...

Fixed it fer ya.

$600K per year if not more!

 

[Fred W]

I went broke just by looking at this house:
https://premier.colorado.remax.com/listings...D=38063144#aTop

Nice. A standard 30 year mortgage on that baby would only run you ~$580k per month. And with a tax bill of only $60k $600K per year it's a bargain...

Fixed it fer ya.

$600K per year if not more!

One would think so. But right there in the listing it says:

Main FeaturesType Single Family

Full Bath 6

Status For Sale

Half Bath 3

Year Built 1995

County Pitkin

Lot Size 2,920,698 SQ. FT.

Taxes $59,968.68

Garage 4

Tax Year 2007

Floors 3

Subdivision Owl Creek

They must have some kind of a mansion subsidy in Pitkin County... :blink:

 

[Fencer]

just an FYI as a new homeowner.

If you have not already done so, file your homestead papers. I bought my house as a forclosure from the bank, it was easy, but my first year of taxes was assessed at a comercial rate (for the bank), then I was able to get the assessor to drop to the homeowner rate.

Also look to Refinance as soon as you can to drop that damn P&I insurance crap. That is money wasted and just extra $ for the lending party. Typ you need a better than 80% Loan to Value Ratio. so if the market goes up and you can get a higher apprasial or you do improvements to the home to increase value, or you just pay it down, get rid of the P&I stuff and it'll drop your monthy bill.

 

[Wolfhound]

Way to go Art ! Very Nice !

 

[SkooterG]

Schwing!!!! Sucker!

So when's the housewarming party for the moochers like me out there?

 

[vectervp1]

just an FYI as a new homeowner.
If you have not already done so, file your homestead papers. I bought my house as a forclosure from the bank, it was easy, but my first year of taxes was assessed at a comercial rate (for the bank), then I was able to get the assessor to drop to the homeowner rate.

Also look to Refinance as soon as you can to drop that damn P&I insurance crap. That is money wasted and just extra $ for the lending party. Typ you need a better than 80% Loan to Value Ratio. so if the market goes up and you can get a higher apprasial or you do improvements to the home to increase value, or you just pay it down, get rid of the P&I stuff and it'll drop your monthy bill.

I'll check on the tax rate thing in the next few days. Hopefully all will be well with is.

As for the P&I insurance, I don't quite have enough equity to be able to refinance it and get rid of it yet. I'm hoping to hit that mark in about a year to a year and a half, depending on what happens in the housing market.

 

[vectervp1]

Schwing!!!! Sucker!
So when's the housewarming party for the moochers like me out there?

The house warming will probably be sometime in the next few months, but that all depends on how long it takes to get situated. There's a lot of crap that needs to be unpacked, and I'm not exactly motivated to get that done anytime soon. I may do some sort of small BBQ later in the summer/fall timeframe. Probably invite some M/C peeps over to hang out and b/s.