Market is competitive. Prices are going up rapidly. People are being priced out of the Bay Area, and the surrounds rapidly, and have to move further out and commute more. Mountain House used to be affordable, now it’s become very expensive to live in, and people are being priced out of there, and Tracy.
It moves like a wave, buyers get priced out in one place, move to another - that creates competition and demand, which in turn starts to price out another group of buyers, and so on.
I’m looking at Century in Mountain House, as well. But is the property tax always 1.75% of the base price annually? & is the insurance always typically between $50-$70 a month?
Property tax rate changes as property value assessment changes. Insurance also depends on multiple factors, I just gave a base range but if you want I can connect you with insurance representatives I know for a free consultation.
I'd be happy to schedule a free Zoom call with you to go over different school districts and their ratings. Got to ZoomVlad.com and pick the best time for you.
There are talks about Safeway coming, don't know the exact timeline but aside from that there are some brand new commercial buildings that are finishing construction, I expect that to be up for grabs by commercial tenants very soon.
Hi Vishal, I am not a CPA and this is not a tax advice, but the short answer is that rental income is taxed as ordinary income. If you're in the 22% marginal tax bracket and have $5,000 in rental income to report, you'll pay $1,100.
@@vladwestbrook i saw the rental going for about 1500 in mountain house. that still leaves enough to cover for taxes. but the question is, do the casitas find customers? do they even get rented in mountain house currently or sit vacant? thanks for posting such useful information.
@@xxvishxx and now with the fall term still being online are there even going to be students who are renting? I cannot imagine many students want to take out a loan to pay that much for rent. You can only work so much and get top grades.
Rentals are not taxable given certain constraints. You pay taxes on the property, and lease it in the same form as which you acquired it, and you will not be taxed. www.cdtfa.ca.gov/formspubs/pub46.pdf
Price $650,000 x 1.75% = $11,375 annually; divide that by 12 months = $948/month. I included Mello Roos in property tax, that's why it's on a higher side. Still a good deal but it's just better to be fully informed.
Mountain House has a Mello Roos tax in addition to regular property taxes, so it's calculated in that 1.75%. I am a resident home owner in Mountain House.
Love Mountain House! You can also check out the video about 5 things I like about Mountain House. Great community, great people
Market is competitive. Prices are going up rapidly. People are being priced out of the Bay Area, and the surrounds rapidly, and have to move further out and commute more. Mountain House used to be affordable, now it’s become very expensive to live in, and people are being priced out of there, and Tracy.
It moves like a wave, buyers get priced out in one place, move to another - that creates competition and demand, which in turn starts to price out another group of buyers, and so on.
I’m looking at Century in Mountain House, as well. But is the property tax always 1.75% of the base price annually? & is the insurance always typically between $50-$70 a month?
Property tax rate changes as property value assessment changes. Insurance also depends on multiple factors, I just gave a base range but if you want I can connect you with insurance representatives I know for a free consultation.
Great video! What's the first song that plays around 0:50?
What about the school(elementary, middle and high school) rating?
I'd be happy to schedule a free Zoom call with you to go over different school districts and their ratings. Got to ZoomVlad.com and pick the best time for you.
When the stores are coming to Mountain house?
There are talks about Safeway coming, don't know the exact timeline but aside from that there are some brand new commercial buildings that are finishing construction, I expect that to be up for grabs by commercial tenants very soon.
Thank you so much for getting back to me
How easy is it to find tenants for casitas? [I guess there are no universities around so no chance for students)
Those that I see are usually listed for 3-4 weeks before they are taken off market
Vladimir Westbrook thanks. Do you know who generally rents there - professionals?
Condo tours?
3 bedroom and facility plz
Is the casita rent taxable? If yes how much?
Hi Vishal, I am not a CPA and this is not a tax advice, but the short answer is that rental income is taxed as ordinary income. If you're in the 22% marginal tax bracket and have $5,000 in rental income to report, you'll pay $1,100.
@@vladwestbrook i saw the rental going for about 1500 in mountain house. that still leaves enough to cover for taxes. but the question is, do the casitas find customers? do they even get rented in mountain house currently or sit vacant? thanks for posting such useful information.
@@xxvishxx and now with the fall term still being online are there even going to be students who are renting? I cannot imagine many students want to take out a loan to pay that much for rent. You can only work so much and get top grades.
Rentals are not taxable given certain constraints. You pay taxes on the property, and lease it in the same form as which you acquired it, and you will not be taxed. www.cdtfa.ca.gov/formspubs/pub46.pdf
Does the casita have a different meter for electricity?
I believe in these particular designs it's on one meter.
you said $950.00 a month for property tax, that does not sound right
you right that is a lot
Price $650,000 x 1.75% = $11,375 annually; divide that by 12 months = $948/month. I included Mello Roos in property tax, that's why it's on a higher side. Still a good deal but it's just better to be fully informed.
Mountain House has a Mello Roos tax in addition to regular property taxes, so it's calculated in that 1.75%. I am a resident home owner in Mountain House.
Great video, but these houses are for rich people.