

Built: | 2008 |
Square Feet: | 4,500 |
Lot Size: | 21,000 |
Property Description:
5 Buildings To Choose From. Walking Distance To Top Walnut Schools And Is Surrounded By Million Dollar Homes. Build To Suit. Buyer Can Choose Sq And All Material
Southern California Walnut Real Estate
Bedrooms: | 5 |
Full Baths: | 3 |
1/2 Baths: | 1 |
Built: | 1986 |
Square Feet: | 3,735 |
Lot Size: | 21,501 |
Bedrooms: | 4 |
Baths: | 3.00/ |
Built: | 1984 |
Square Feet: | 3,817 |
Lot Size: | 42,689 |
Bedrooms: | 5 |
Total Baths: | 3 |
Full Baths: | 3 |
Built: | 1988 |
Square Feet: | 3,524 |
Lot Size: | 45,000 |
Bedrooms: | 4 |
Total Baths: | 2 |
Full Baths: | 2 |
3/4 Baths: | 0 |
1/2 Baths: | 0 |
1/4 Baths: | 0 |
Built: | 1964 |
Square Feet: | 1,232 |
Lot Size: | 7,410 |
Description: | Walnut School District. Nice Area. Lots Of Million Dollar Houses Built On This Street. Big Lot Size: 9400 Sqft. Lots Of Space To Construct Additional Rooms. Show By Appointment. Call Listing Agent. Listing Price Is Under Real Appraisal Value. Disclosure: Owner Is A Lic. |
Description: | Large Price Deduction, For Quick Sell>>>Beautiful 3 Bed Manufactured Home In A Great Family Park.Spacious Kitchen And Large Family Room. Indoor Laundry Room With Washer And Dryer Hookup. Hugh Master Suite With Sitting Area. Large Front Porch. 2 Car Deep Covered Carport. Seller Motivated |
In real estate lingo, a point is one percentage point of the overall loan that is paid up front, typically at the time of closing. For example, if you are borrowing $150,000 on a mortgage loan and will be paying three points, you will pay $4,500 up front. Paying points generally lowers the interest rate on your loan.
When determining whether you want pay for points, think about how long you expect to live in the house. Over a short time frame — less than five years or so — paying points usually doesn’t makes sense, as you will pay more in points than you will save in interest. However, if you plan to stay in the house for 10 or 20 years or longer, points will pay off over time. Although the prospect of paying a few thousand dollars more initially isn’t very attractive, you may be able to save money over the duration of the mortgage.
Another advantage of paying for points on a residential mortgage is that you can deduct the money you pay on that year’s income tax return. In some areas, it’s customary for sellers to pay your points at closing. As the buyer, you can still deduct the points payment from your taxes, as long as they meet IRS guidelines.
This applies only to new mortgage loans, however. If you are buying points to refinance your home, the IRS considers this prepaid interest. That means you will have to deduct them over the life of the loan rather than all at once at closing. Check with your accountant or tax advisor for his or her professional opinion on deducting points.
Don’t confuse the aforementioned kinds of points with origination points (also known as “origination fees”). Origination points won’t lower your interest rate, and are called origination “fees” for a reason: you pay them for work your lender does on your behalf. Not all lenders charge origination fees; if your lender does, you may be able to negotiate them down or out of your load entirely.
When shopping for a mortgage, factor in your loan with points and see when you will break even. If you see that by paying $2,000 for two points you will break even in 7 years, and you plan to stay in the house for at least 15 to 20 years, you will come out ahead.
You can finance points, which allows you to pay them off as part of the loan. But this increases the cost of your points, and it will take longer to break even. If you can, pay for the points in full at closing.
Real Estate Home seller financing is when a seller helps to finance a real estate transaction by taking back a second note or even financing the entire purchase if the seller owns the home free and clear. Usually sellers do this when a buyer has difficulty qualifying for a conventional loan or meeting the purchase price.
Home seller financing differs from a traditional loan because the seller does not give the buyer cash to complete the purchase, as does a lender. Instead, it involves extending a credit against the purchase price of the home while the buyer executes a promissory note and trust deed in the seller's favor. These special circumstances must be acceptable to the lender who makes the first mortgage on the property.
The necessary paperwork is prepared by the title or escrow company after the terms are worked out between the buyer and seller.
If you are a seller considering such an arrangement, it is critical to thoroughly evaluate the creditworthiness of the buyer first. Fear of default makes many sellers reluctant to take back a second. But seller financing can bring a higher price plus complete the sale sooner in some situations.
Description: | Upper Unit With Laundry Hookup, One Detached Garage, Carpet Floor, Close To Freeway/Market/School(Elemental/Middle),Well Maintained Condo, Good Condistion To Move-In. Associated Pool, Small Park With Playground |
Parcel Size: | Acres |
23,797 SqFt |
Financial | ||
City stats | Best places avg. | |
Median family income (per year) | $93,700 | $90,316 |
Family purchasing power (annual, cost-of-living adjusted) | $76,866 | $82,867 |
Sales tax | 8.30%* | 6.74% |
State income tax rate (highest bracket) | 9.30%I | 6.38% |
State income tax rate (lowest bracket) | 1.00%I | 2.74% |
Auto insurance premiums (Average for the state) | $2,076 | $2,121 |
Job growth % (2000-2006) | 9.69% | 13.41% |
Housing | ||
City stats | Best places average | |
Median home price | $731,750 | $359,352 |
Average property taxes (2006) | $3,532 | $3,585 |
City stats | Best places average | |
Colleges, universities and professional schools (within 30 miles) | 48 | 29 |
Junior colleges and technical institutes (within 30 miles) | 53 | 18 |
Test scores reading (% above/below state average) | 69.3% | 20.1% |
Test scores math (% above/below average) | 56.0% | 24.8% |
% students attending public/private schools (located within town limits) | 98.0/2.0 | 91.1/8.9 |
Quality of life | ||
City stats | Best places average | |
Air quality index* (% of days AQI ranked as good) | 32.1% | 77.3% |
Personal crime incidents (per 1,000) | 1 | 13 |
Property crime incidents (per 1,000) | 15 | 206 |
Median commute time (in minutes) | 32.1 | 23.1 |
% population with commute 45 mins. or longer | 34.8% | 15.6% |
% population walk or bike to work | 1.0% | 2.7% |
Leisure and culture | ||
City stats | Best places average | |
Movie theaters (within 15 miles) | 51 | 30 |
Restaurants (within 15 miles) | 6,728 | 2,899 |
Bars (within 15 miles) | 320 | 287 |
Public golf courses (within 30 miles) | 203 | 125 |
Libraries (within 15 miles) | 95 | 71 |
Museums (accredited by AAM; within 30 miles) | 16 | 11 |
Ski resorts (within 100 miles) | 7 | 17 |
Arts funding (Dollars per person of state funds spent on arts) | 0 | 1 |
Weather | ||
City stats | Best places average | |
Annual rainfall (inches) | 16.96 | 40.18 |
% clear days in the area | 40 | 28 |
High temp in July ° F | 88.7° | 86.1° |
Low temp in Jan ° F | 41.5° | 24.0° |
Health* | ||
City stats | Best places average | |
Has health plan (% of residents) | 83.2% | 90.5% |
Body mass index (avg. for residents) | 27 | 27 |
Diabetes rates (% of residents diagnosed) | 7.3% | 9.3% |
Hypertension rates (% of residents diagnosed) | 28.4% | 30.6% |
Elder-care facilities** | 275 | 107 |
Meet the neighbors | ||
City stats | Best places average | |
Median age | 37.4 | 36.8 |
Completed at least some college (% of residents) | 73.2% | 72.4% |
Married | 58.5% | 60.8% |
Divorced | 4.4% | 8.0% |
Racial diversity index (100 is national average; higher numbers indicate greater diversity) | 706.5 | 59.2 |
Amount spent on vacations (domestic and foreign, household avg. per year) | $9,243 | $8,250 |