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Property Analysis Purchase Comparisons
Annual Costs
other than One-Offs
For property purchase forms or to request more information contact us at:
support@eleereid.com
Location/address/size Market Value
2007 Net Price 2008 One-off costs Annual
fees Taxes Rental income Net
[cost]/Income*
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1
Reunion Resort
704 Desert Mountain Ct.
35' wide golf front
Nicklaus
course |
$300,300
this is the actual property
appraiser assessed value |
asking
$85,000, suggested offer $70,000 including golf membership |
$3,000 estimated |
$7,344
golf; $1,632 HOA |
2008
forward estimated $1,700; taxes higher for 2007 based on past year higher
dollar purchases*** |
Not
applicable; hold for estimated 6-12 months, then build |
[10,676] |
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2
Reunion Resort
1213 Molona Street
51' wide Homestead
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$187,100
this is the actual property
appraiser assessed value |
Homestead near Reunion Grande; asking $72,500, suggested offer $65,000
(short sale) |
$3,000 estimated |
$1,632
HOA; (no membership) |
2008
forward estimated $1,500; taxes higher for 2007 based on past year higher
dollar purchases*** |
Expedited home build for Guest of Rene Club |
[3,132] |
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3
Villas at ChampionsGate
Omni Hotel, 101
3 beds/3 baths (LAST ONE)
"Turnberry"
1,971 s.f. |
$799,900 |
Asking
$799,900 Golf
view
suggested offer $685,000
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$4,000 estimated |
$7,452
annual; 1st year paid by developer; $2,397 master association annual fee;
$749 CDD** fee |
2008
forward estimated $10,240 |
$60,000 annual on 3-year guaranteed lease-back |
year
1 $46,614
year 2 and 3 $39,162 |
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4
Bella Trae
404/2/5
Santa Anna
2 bedroom, 2 bath & den*
1,447 s.f.
* office or 3rd bedroom |
$282,480
based on 20% above actual property appraiser tax assessed value
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$168,332
*
59.5% of
2007 fair market |
$1,000 average
assumes cash purchase. (Note that seller is paying $3,000 toward one-offs) |
$4,608
HOA is paid by developer for two years; $888 CDD*** fee is added to annual
tax bill |
2008
forward at estimated $2,938 rounded |
$14,400 on annual lease (Note: lessee/renter pays monthly utility
costs) |
year 1
and 2
$10,574
years 3 on $5,966 |
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5
Bella Trae
101/2/5
Sonoma
3 bedrooms, 2 baths 1,247 s.f.
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$259,200
based on 20% above actual
property appraiser tax assessed |
$156,404
*
60.3% of
2007 fair market |
$1,000 average
assumes cash purchase. (Note that seller is paying $3,000 toward one-offs) |
$4,608
HOA is paid by developer for two years; $888 CDD*** fee is added to annual
tax bill |
2008
forward at estimated $2,938 rounded |
$14,400 on annual lease (Note: lessee/renter pays monthly utility
costs) |
year
1 and 2
$10,574
years 3 on $5,966 |
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6
Bella Trae
104/1/5
Santa Cruz
3 bedroom, 2 bath
1,391 s.f.
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$271,440
based on 20% above actual
property appraiser tax assessed |
$166,384
*
61.3% of
2007 fair market |
$1,000 average
assumes cash purchase. (Note that seller is paying $3,000 toward one-offs) |
$4,608
HOA is paid by developer for two years; $888 CDD*** fee is added to annual
tax bill |
2008
forward at estimated $2,938 rounded |
$14,400 on annual lease, (Note: lessee/renter pays monthly utility costs) |
year
1 and 2
$10,574
years 3 on $5,966 |
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7
Bella Trae
204/2/5
Santa Anna
2 bedroom, 2 bath & den*
1,447 s.f.
* office or 3rd
bedroom |
$282,480
based on 20% above actual
property appraiser tax assessed |
$171,235
*
60.6% of
2007 fair market |
$1,000 average
assumes cash purchase. (Note that seller is paying $3,000 toward one-offs) |
$4,608
HOA is paid by developer for two years; $888 CDD*** fee is added to annual
tax bill |
2008
forward at estimated $2,938 rounded |
$14,400 on annual lease (Note: lessee/renter pays monthly utility costs) |
year
1 and 2
$10,574
years 3 on $5,966 |
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8
Bella Trae
304/15
Santa Anna
2 bedroom, 2 bath & den*
1,447 s.f.
* office or 3rd bedroom |
$282,480
based on 20% above actual
property appraiser tax assessed |
$170,628
*
60.4% of
2007 fair market |
$1,000 average
assumes cash purchase. (Note that seller is paying $3,000 toward one-offs) |
$4,608
HOA is paid by developer for two years; $888 CDD*** fee is added to annual
tax bill |
2008
forward at estimated $2,938 rounded |
$14,400 on annual lease (Note: lessee/renter pays monthly utility costs) |
year
1 and 2
$10,574
years 3 on $5,966 |
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9
Lake Nona Golf Club
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upcoming |
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10
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11
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12
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13
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14
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15
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*
Estimated net costs do not included mortgage
payments, if any
** CDD fee is Community
Development District charge, generally used for recreation and
amenities construction bond repayment
*** Specific example: Lot 65 on
Molona Street was purchased through me this year for $90,000 yet the 2007 tax
bill, which is based on 2006 values, was $182,900, for a tax of $2,926. I will
be filing a petition with the tax assessor for a re-valuation based on actual
sales data. They will then blend all sales to come up with a "fair"
assessment upon which taxes will be finally based. Also, taxes are figured in
arrears, so the 2008 tax bill is for 2007 values, which was before big
price-drop sales began occurring.
*
One-Off Net Prices were calculated
based on developer's current discounted pricing, minus the totals of: 2-years
HOA fees ($9,216) paid by developer; $3,000 closing costs paid by developer;
and a $3000 commission cash-back "Thank You" rebate from Lee Reid on each
purchase
For property purchase forms or to request more information contact us at:
support@eleereid.com
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