Bah that's nothing they're like 1.9% here in Madison.

I found the city assessor's online lookup, it's fun to see how much lower all the current real estate listings are compared to their assessed value. :loco:

 

shutup :slap:

 

don't hate because I pointed out the obviousness of your statement.

 

Yes but my question was could you afford this place if you made about 100K a year?


These are my guesses as to what it would cost...

Federal Income Tax...~700K financed for 30 years @ 6% = ~4200 per month
State Property tax...~22-30K ~1800-2500 per month
Homeowners' Association dues...~500 per month
Homeowner's Insurance...~300 per month
All utilities (water/sewer, electricity, gas, etc.)...~500 per month

100K / 12 = $8500 per month income before any taxes taken out...

 

good job.

 

right i got that but you are including the income taxes on it, which i mentioned in the past, there has been a cash stipend that comes with the winnings to help handle the taxes. so chances are, you wouldnt have to come up with 700k for federal income tax... at least not the whole 700... so depending on how much, if any cash is part of the grand prize, it is possible that a 100k earner could afford to live in the place.

myself, id just sell the mf, if for no other reason than because its is on the opposite side of the country... regardless of taxes... there are a few nice lakes here in NY i would be able to choose between and build on with the proceeds from the sale.

 

Their prize is valued at 2.2Million there is no stipend to pay the Fed it's 700K+ listed in the prize package. There is another home in that subdivision listed right now for 2.9M.

 

Damn, I guess I don't wanna win after all

Here in central Ohio, our homes are still selling for right around the assessed values b/c they were originally asessed kinda low.

 

I found out the winners live in Danville, CA h:

same town as "Sully" Sullenberger the pilot that landed the A320 in the Hudson

 

convenient