Boutique community with only 10 units and 90% homeowner-occupied. This eight-year-old, corner unit, townhouse style condominium is near major freeways (87, 85, 280), mass transit (Tamien VTA/Caltrain station), and Willow Glen Village plaza. 3 Bedrooms/2.5 Bathrooms with bright and airy Living & Dining rooms. 3 assigned carport spaces provide lots of flexibility! In-unit full size laundry, dual pane windows. Beautiful oak hardwood floor throughout. Granite slab kitchen counter top. Security and intercom system wired-in. Gas fireplace with marble and decorative surround. 4 miles to the proposed SJ Google campus, 7 miles to SJ Airport and only 2 miles to downtown Willow Glen. HOA is $328 which includes water and garbage. Award winning Willow Glen schools.
六、了解買房流程跟時間：時間的掌握點很重要，為了避免急著買到房子，或是在這瘋狂的市場「搶」不到房子，我們要概抓一下時間，首先必須清楚知道租約到期時間、預先搬家所需繳交的違約金、如果需要month by month繼續租下去，需要多少時間給房東通知，又要繳多少房租，預期拿回多少押金。了解買房流程所需時間、了解什麼是「下offer」，什麼又是「Escrow、Title insurance…. 」什麼又是Close of Escrow? 等等。
Newly remodeled condominium located in a quiet neighborhood on the Los Altos and Palo Alto border. Close to downtown shopping and dining. Gourmet kitchen includes custom cabinetry, granite slab counters and stainless appliance. Spacious Living room & Dining area with sliding door leads to private patio area. Large Master Suite with Den and Walk-in closet. Master bath with dual vanities. Hardwood floor, Central air conditioning, Dual pane windows, 2 designated gated underground parking spaces. Interior Laundry. Excellent Los Altos Schools!!
Q:Should I buy a house for 400K or rent a apt for 2400/month?
Since your rent is pretty high, I will suggest that you just buy a condo.
I believe you did some math already.
Let’s compare renting an apt for $2400 vs. buying a 400K condo.
If you buy a 400K house with 320K, 30 fixed rate 3.75% mortgage.
Mortgage monthly payment is $1481
Property tax:$416 /month
From the above, it’s already cheaper than what you are paying per month for rent, but it requires that you have a $80K down payment available.
Mortgage interest and property tax are tax deductible:
The first 48 month, mortgage interest accrues to $46,216. Property Tax (assuming 2.5% annual increase) is around $20762. The tax break is roughly $23K (assuming 35% tax rate).
With that said, 48 months of living in your condo will cost you:
$46216 (interest) + $20762 (property tax) – $23000 (tax break) + $12000 (HOA) + $960 (insurance) ~ $57K.
If you can get 5% annual return on your $80K down payment (if you had invested it rather than buying a house), the “cost" there is $17.2K.
So, the total cost is $74.2K. That’s still significantly less than $115K that you paid in rent over the same period. When you sell the house, there’s ~5% commission, which is $20K (at $400K sale price, assuming no gain). Your total cost is $94K assuming a flat house price. You can easily add or subtract from that number based on your forecast.
Therefore, I know you probably will choose to buy a condo than paying rent.