As they say in the Real Estate world…location…location…location.
Mountain Park Ranch has it all!! A Great home owner’s association , close proximity to shopping, great dining, and easy access to freeways, Sky Harbor airport and downtown. You want Mountain Views…this is the place. Looking for highly rated schools. This is the place. In Fact, Monte Vista Elementary school in Mountain Park Ranch is rated #2 in the state!
Did you know that you can still find homes in Mountain Park Ranch for just over $200,000? See the current inventory by clicking on Mountain Park Ranch Homes for Sale. This community offers single family homes starting at just over $200,000. Town homes are available under $200,000. One of the great things about this community is home prices can also be over a million dollars. This means as your family or needs change you will find many home options in Mountain Park Ranch where you can move to larger or smaller homes and stay in the same community this is a very affordable community! What many buyers forget to consider is the hidden costs or indirect costs of home ownership that give Mountain Park Ranch great value!
What makes up your payment?
A mortgage payment is made up of the following;
-Principal
-Interest
-Taxes
-Insurance
The indirect costs that you will pay here or anywhere are HOA fees This is why Mountain Park ranch gives you exceptional value with a HOA fee only $25 a month per month. For this low fee you get Three community pool and spas. One of the pools is heated all winter! You also get tennis courts volleyball courts along with exceptional landscaping in common areas In many communities in the valley you will pay over $100 a month in a comparable community to get only one community pool (unheated in the winter) and common area maintenance. See my blog on Mountain Park Ranch HOA Fees. Something else to consider is how well the HOA is managed. What percentage of home owners are delinquent on their HOA dues? Does the HOA have sufficient cash reserves? Are there any upcoming HOA assessments you should be aware of? This HOA is extremely well managed with a healthy financial state.
This $75 a month difference between Mountain Park Ranch and other areas gives you an extra $75 per month you could pay on a mortgage. This translates into $15,000 in buying power on your mortgage. You could get an extra bedroom, a larger lot, a pool, a 3rd car garage etc.....As you can see by my blog on HOA Fees, this area provides exceptional value. Few other communities offer great mountain views, top rated schools, wonderful neighbors and convenient location along with great HOA value. This is one time where you will actually get more than you pay for!
What I would Like you to Take away....
As a Realtor, as well as a consumer, I know that Mountain Park Ranch offers great value. If you are looking somewhere else in the valley, it is important to look beyond the House. We all want value for our dollar. The reoccurring cost of HOA fees is an important consideration. This indirect housing cost will be a monthly fee, even if you pay cash for your home. Look at the overall feel of the area. How well are the common areas managed? How well are the community pools and play areas maintained? These things will affect your joy of personal use and be a factor when you are ready to sell your home. Before you go out and start looking at houses because you know what you qualify for....It's important to prioritize what is important to you and your family. This is generally the biggest investment you will ever make.
Shirley Coomer
Keller Williams Realty
602.770.0643
If you are interested homes in the area of Mountain Park Ranch or other great Phoenix areas feel free to give me a call or click on the link to my website to see what I am all about
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