🚀 go-pugleaf

the property will be re-assessed at the sale price (assuming that it is 
the asking price) the will make the property taxes:
$350,000 * 3% = $10,500/year = $875/mo
at 6% and 30 year (financing the entire purchase price)
$2,100/mo

making the total monthly expense (no insurance) = $2,975

assume that this represents ~50% of gross income of the family (cuts 
things a bit thin... but for the sake of discussion)
this would mean ~$72,000/yr

income taxes on this would be $72,000 * 3% = $2,160

so-- a this proposed purchaser would be paying:
$ 2,160 - income tax
$10,500 - property tax
-------
$12,660 - city taxes

this does NOT include the additional 1% sales tax
nor any of the taxes, and fees for transferring the property (part of 
the closing costs)

This also does not include the rising water and sewage fees
Nor does this include any of the proposed local taxes.


This also does not include points made elsewhere regarding the 
neighborhood, or school.

so... why would anyone buy this place???



M Christine Lamanna wrote:
> HIGHLAND PARK HOME FOR SALE BY OWNER
> 
> 128 HIGH PARK PLACE
> Pittsburgh, PA 15206
> 
> $349,000
> 4 Bedrooms, 2 Full Baths, 1 Half Bath
> MUST SEE!
> 
> 
> County: Allegheny
> School District: Pittsburgh
> Taxes: $6200
> Lot: 54X103X56
> 
> Garage: Integral/ 2 Car
> LR/DR: 24X22- Main Level
> L Shaped Kitchen: 16X10
>                  13X9- Main Level
> Den: 12X9- Entry Level
> Finished Game Room: 33X19- Lower Level
> Laundry Room: 17X7- Lower Level
> Master Bedroom 1: 18X14- Upper Level
> Bedroom 2: 14X10- Upper Level
> Bedroom 3: 12X11- Upper Level
> Bedroom 4: 12X11- Upper Level
> 
> Floors: Ceramic, Wall to Wall
> Cooling: Central
> Heat Type: Gas, Forced Air
> 
> Sunny, Large Eat in Kitchen, Dining Room/Living Room Combination, 
> Wonderful Finished Family Room on Lower Level, Great Enclosed Backyard 
> with Deck, Cathedral Ceilings on Main Level
> 
> Best Lot on Street!
> End of cul-de-sac
> Nicely landscaped
> Walking distance to park and bus line
> Wonderful neighborhood!
> 
> Conatct Information: Jim Lamanna 412-760-5108
> 
> 
> Christine Lamanna
> Audit Coordinator, Sponsored Projects Accounting
> Carnegie Mellon University
> 5000 Forbes Avenue
> Pittsburgh, PA  15213
> 412-268-4549 phone
> 412-268-7068 fax
>