Introducing:
13248 Pomona Street, Hesperia CA 92344
Buyer just walked, back on the market pending cancelation of previous escrow. [misspelling in original listing]
So? Other than no jobs, crushing utility bills and $4 gas what's the problem? The problem is taxes. With a valuation of $140,000 the taxes run $3,500/yr. Yup, 2 1/2% not the 1% promised by Prop 13 in days of yore. $300 per month.
Zillow back data here.
Why am I calling hijinks? Well because of the listing history. See for yourself. And now the most recent buyer backs out?
| Date | Description | Price | Change | $/sqft | ||||||||
|---|---|---|---|---|---|---|---|---|---|---|---|---|
| 10/22/2012 | Listed for sale | $138,000 | -1.4% | $63 | ||||||||
| 07/16/2012 | Listing removed | $140,000 | -- | $64 | ||||||||
| 06/21/2012 | Listed for sale | $140,000 | 55.6% | $64 | ||||||||
| 02/05/2011 | Listing removed | $90,000 | -- | $41 | ||||||||
| 01/16/2011 | Pending sale | $90,000 | -- | $41 | out of area agent | |||||||
| 01/08/2011 | Listed for sale | $90,000 | -67.4% | $41 | ||||||||
| 09/14/2007 | Sold | $276,000 | -- | $127 | new home |
5 comments:
Apologies for the crappy formatting. The new blogger tools are anything but intuitive or consistent.
WTH? Why no reassesment??
Almost every property built in the 2000s has any number of surtaxes embedded to circumvent Prop 13 letter and intent. There are special assessment district fees for such luxuries as roads, schools, street lights, sewers etc that aren't part of what regular people pay for with property taxes.
Ah, yes, they had to have those because THEY WERE BUILDING IN A FRICKIN' DESERT! :-)
By my figuring the $300/mo tax bill subtracts $50k of asset value compared to any of the thousands of nearby houses that don't carry such fees.
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