Today’s Welcome Home Wednesday is the Townhomes/Condo’s of Vista Del Valle. Vista Del Valle is located off of 24th Street and Elks Lane. Built in the mid 1970’s, you can find 1, 2 & 3 bedroom Townhome/Condo’s ranging from 890 square feet, to 1848 square feet.
This community is a HOA community and depending on which community you live in, will depend on the amount of the HOA fees. HOA fees include different benefits depending on the community you live in.
Currently there are a total of 5 homes listed for sale in Vista Del Valle and the average listing price is $103,640. Within the last 6 months, a total of 8 homes have sold with an average selling price of $91,909 as a sold price. That’s a price increase of about 13% within 6 months.
So, what’s a mortgage run on a home in Vista Del Valle? Well, the good people over at Guild Mortgage located at 2755 South 4th Avenue Suite #104, Phone # 928-343-7995 say that a mortgage for $104,000 would breakdown like this;
A Conventional loan with a 5% down payment would be $702.77 / month and that includes P&I, Insurance, Taxes, PMI, and an interest rate of 4.75% and an APR of 4.960%.
If you were to put 20% down, your payment would be $565.68 / month and includes P&I, Insurance, Taxes, PMI, and an interest rate of 4.75% and an APR of 5.001%.
FHA users would have 3.5% down payment, with a monthly payment of $761.99 / month and includes; P&I, Insurance, Taxes, PMI, and an interest rate of 4.50% and an APR of 6.432%.
PMI based on .67, Property taxes based on 1% of sales price.
Disclosure: Loan base amounts of $98,900 and $83,200 on a 30 year fixed conventional loan. Loan rates are subject to change.
Disclosure: Loan base amounts of $102,116 on a 30 year fixed FHA loan. Loan rates are subject to change.