Edmunds Members - Cars and Conversations (Archived)

tjc78

@Michaell said:
Moms house went on the market today.

https://www.zillow.com/homedetails/1511-Evangeline-Pl-Oxnard-CA-93030/16378391_zpid/?utm_campaign=iosappmessage&utm_medium=referral&utm_source=txtshare

It will be gone by next weekend. Shows nice. Good luck.

Michaell

@jmonroe1 said:
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I don’t know what the market is like in that area but it doesn’t look like you should have a problem selling that house in the shape that one is.

Good luck.

jmonroe

Thanks. We’ve been told there is very little inventory. And, the paint and flooring are new.

Michaell

@tjc78 said:

@Michaell said:
Moms house went on the market today.

https://www.zillow.com/homedetails/1511-Evangeline-Pl-Oxnard-CA-93030/16378391_zpid/?utm_campaign=iosappmessage&utm_medium=referral&utm_source=txtshare

It will be gone by next weekend. Shows nice. Good luck.

Thanks. Open house Saturday and Sunday, and we will review offers the middle of next week. Everybody predicts it will sell for above the asking price.

explorerx4

@michaell,
When we sold our house in 2022, we got an offer on the first day that the realtor said they've never seen before.
Wasn't the highest money offer, although about 11% over asking, but was no inspection, no contingent and buyer would cover any difference if house didn't appraise for enough.
Realtor also knew the buyer's agent pretty well. I also looked up the buyers and they lived in town.
We took it and cancelled all other showings. No regrets.

P.S. I looked it up on realtor dot com and property taxes are listed at $833. It not clear if that is yearly or monthly.

Michaell

@explorerx4 said:
@michaell,
When we sold our house in 2022, we got an offer on the first day that the realtor said they've never seen before.
Wasn't the highest money offer, although about 11% over asking, but was no inspection, no contingent and buyer would cover any difference if house didn't appraise for enough.
Realtor also knew the buyer's agent pretty well. I also looked up the buyers and they lived in town.
We took it and cancelled all other showings. No regrets.

P.S. I looked it up on realtor dot com and property taxes are listed at $833. It not clear if that is yearly or monthly.

Those are the annual property taxes. As my folks bought the house in 1968, when Proposition 13 was passed in the 70’s, it effectively froze the tax rate, despite the massive appreciation of the property value.

I think we may owe the pro-rated taxes once we let the county know. We are consulting with the trust estate attorneys on this.

stickguy

Explorer, that is what just happened with us. 1st day of showings (well, first full day, we had on Thursday night) and the people wanted it bad so asked if we would take it off the market and cancel weekend showings and the open house. They made an offer that we had to say yes to. Not just the money (which was at the top end of what we hoped for, so no clue if we would have seen more) but even better, they were cash offer, no inspections, very flexible on closing, and a much larger DP than normal. Basically the dream offer so we had no problems signing the papers and cancelling showings.

fintail

Michaell said:

Moms house went on the market today.

https://www.zillow.com/homedetails/1511-Evangeline-Pl-Oxnard-CA-93030/16378391_zpid/?utm_campaign=iosappmessage&utm_medium=referral&utm_source=txtshare

1969, Oxnard - price maybe 35K or so when new?

Just over 2 years ago we sold my grandma's similar one owner house in a not too distant Seattle suburb. 3/2/2 on a shy quarter acre, they don't do it like that anymore in that area. I think they paid 18-19K for it in 1965. Mostly original finishes, very well kept like your mom's place - we had 20+ offers in the first 36 hours and it brought around 20% over list. This was when low rates were known to be fading and people were in a frenzy. A couple weeks ago a quickie-doo flip a few houses down the street was listed for 25% more than grandma's final sale price (she would have been very amused) and went pending in a few days. In some areas and price ranges, 7% rates haven't cooled things much. I bet your mom's place will sell fast.

Michaell

Actually, around $23-24k, and it was a new build.

I think the note was at 6%, and the mortgage payment around $200/mo. They paid it off a few years early when my dad started talking about retirement.

28firefighter

@Michaell said:
Actually, around $23-24k, and it was a new build.

I think the note was at 6%, and the mortgage payment around $200/mo. They paid it off a few years early when my dad started talking about retirement.

Even adjusted for inflation, I think I’m gonna be sick.

Michaell

28firefighter said:

@Michaell said:

Actually, around $23-24k, and it was a new build.

I think the note was at 6%, and the mortgage payment around $200/mo. They paid it off a few years early when my dad started talking about retirement.

Even adjusted for inflation, I think I’m gonna be sick.

I did that. Inflation from 1968 to 2023 puts the value around $225k.

The lack of new housing in the area is driving prices up. My friend there says that some new 1200sf homes built on some infill land are expected to be $840k

This is an hour northwest of LA, on the coast.

kyfdx

Looks like it’s about a mile from the Pacific?

sda

Michaell said:

Moms house went on the market today.

https://www.zillow.com/homedetails/1511-Evangeline-Pl-Oxnard-CA-93030/16378391_zpid/?utm_campaign=iosappmessage&utm_medium=referral&utm_source=txtshare

Looks great! Clean, crisp, uncluttered.

oldfarmer50

Michaell said:

Moms house went on the market today.

https://www.zillow.com/homedetails/1511-Evangeline-Pl-Oxnard-CA-93030/16378391_zpid/?utm_campaign=iosappmessage&utm_medium=referral&utm_source=txtshare

Wow, $5200 mortgage (that is the mortgage I assume). If I ever had a mortgage that big I would be living on the street a long time ago.

oldfarmer50

Michaell said:

28firefighter said:

@Michaell said:

Actually, around $23-24k, and it was a new build.

I think the note was at 6%, and the mortgage payment around $200/mo. They paid it off a few years early when my dad started talking about retirement.

Even adjusted for inflation, I think I’m gonna be sick.

I did that. Inflation from 1968 to 2023 puts the value around $225k.

The lack of new housing in the area is driving prices up. My friend there says that some new 1200sf homes built on some infill land are expected to be $840k

This is an hour northwest of LA, on the coast.

Not everybody likes Oxnard:

https://youtu.be/ZD1q_vx4VIc?si=W1jMcHrd0EX9cNYe

Michaell

kyfdx said:

Looks like it’s about a mile from the Pacific?

A couple of miles, yeah.

Michaell

oldfarmer50 said:

Michaell said:

28firefighter said:

@Michaell said:

Actually, around $23-24k, and it was a new build.

I think the note was at 6%, and the mortgage payment around $200/mo. They paid it off a few years early when my dad started talking about retirement.

Even adjusted for inflation, I think I’m gonna be sick.

I did that. Inflation from 1968 to 2023 puts the value around $225k.

The lack of new housing in the area is driving prices up. My friend there says that some new 1200sf homes built on some infill land are expected to be $840k

This is an hour northwest of LA, on the coast.

Not everybody likes Oxnard:

https://youtu.be/ZD1q_vx4VIc?si=W1jMcHrd0EX9cNYe

Yeah, most references to my fair home town in movies is generally not positive. There is a reference to Oxnard in Its a Mad Mad Mad Mad World, and also in Sideways.

There has been talk about renaming the city Channel Islands.

fintail

Michaell said:

Actually, around $23-24k, and it was a new build.

I think the note was at 6%, and the mortgage payment around $200/mo. They paid it off a few years early when my dad started talking about retirement.

Not bad, I am sure mom would be amused by the 2024 price - roughly 35x the original. Not many places in the world have been so fortunate. And for as basic as old houses can be, some new builds are even sketchier - someone will buy it and update it a little.

IAMMMW is my main reference to Oxnard - also the filming location for the race/Rolls-Royce seen in BTTF3.

roadburner

FYI, anyone who wants to watch the Nurburgring 24 can see it on SS1 on Amazon Prime or on freevee (haven’t tried freevee, however).

laurasdada

The better 3/4 and I went into Boston for dinner and a show last night. Drove the A7, left with 5/8 battery charge. Inbound, with the expected stop/go on the Southeast Expressway (and in Boston) averaged ~52mpg. Outbound, after Boston traffic, smooth sailing and an empty battery, ~32mpg.
Moral of the story, try to have some juice in the tank!

Also, if you haven't seen "Come From Away," do so. Marvelous, eh. Big standing O at the end, well deserved.
And, for a nice steak (and, per the wife, ambience), Mooo...

qbrozen

@oldfarmer50 said:
Wow, $5200 mortgage (that is the mortgage I assume). If I ever had a mortgage that big I would be living on the street a long time ago.

Just wait till those taxes get adjusted for the new sale price!

roadburner

@laurasdada said:
The better 3/4 and I went into Boston for dinner and a show last night. Drove the A7, left with 5/8 battery charge. Inbound, with the expected stop/go on the Southeast Expressway (and in Boston) averaged ~52mpg. Outbound, after Boston traffic, smooth sailing and an empty battery, ~32mpg.
Moral of the story, try to have some juice in the tank!

Also, if you haven't seen "Come From Away," do so. Marvelous, eh. Big standing O at the end, well deserved.
And, for a nice steak (and, per the wife, ambience), Mooo...

That was a daring excursion- I hope you kept your fire extinguisher close at hand.

kyfdx

laurasdada said:

The better 3/4 and I went into Boston for dinner and a show last night. Drove the A7, left with 5/8 battery charge. Inbound, with the expected stop/go on the Southeast Expressway (and in Boston) averaged ~52mpg. Outbound, after Boston traffic, smooth sailing and an empty battery, ~32mpg.
Moral of the story, try to have some juice in the tank!

Also, if you haven't seen "Come From Away," do so. Marvelous, eh. Big standing O at the end, well deserved.
And, for a nice steak (and, per the wife, ambience), Mooo...

Is that the one with the plane landing in Canada, after 9/11?

Also, probably the better 7/8.

laurasdada

kyfdx said:

laurasdada said:

The better 3/4 and I went into Boston for dinner and a show last night. Drove the A7, left with 5/8 battery charge. Inbound, with the expected stop/go on the Southeast Expressway (and in Boston) averaged ~52mpg. Outbound, after Boston traffic, smooth sailing and an empty battery, ~32mpg.
Moral of the story, try to have some juice in the tank!

Also, if you haven't seen "Come From Away," do so. Marvelous, eh. Big standing O at the end, well deserved.
And, for a nice steak (and, per the wife, ambience), Mooo...

Is that the one with the plane landing in Canada, after 9/11?

Also, probably the better 7/8.

It is, indeed. Warning for those with small bladders, no intermission.
Your math is likely correct, at least according to all friends and family that are incredulous that "She's with him? Really? I guess pigs do fly..."

laurasdada

roadburner said:

@laurasdada said:

The better 3/4 and I went into Boston for dinner and a show last night. Drove the A7, left with 5/8 battery charge. Inbound, with the expected stop/go on the Southeast Expressway (and in Boston) averaged ~52mpg. Outbound, after Boston traffic, smooth sailing and an empty battery, ~32mpg.

Moral of the story, try to have some juice in the tank!

Also, if you haven't seen "Come From Away," do so. Marvelous, eh. Big standing O at the end, well deserved.

And, for a nice steak (and, per the wife, ambience), Mooo...

That was a daring excursion- I hope you kept your fire extinguisher close at hand.

I've put all Fire Departments along the route on speed dial.

jmonroe1

qbrozen said:

@oldfarmer50 said:

Wow, $5200 mortgage (that is the mortgage I assume). If I ever had a mortgage that big I would be living on the street a long time ago.

Just wait till those taxes get adjusted for the new sale price!

————————————————-
You sound like the type that would give kids going to birthday parties pins for the balloons.

jmonroe

Michaell

qbrozen said:

@oldfarmer50 said:

Wow, $5200 mortgage (that is the mortgage I assume). If I ever had a mortgage that big I would be living on the street a long time ago.

Just wait till those taxes get adjusted for the new sale price!

I think the trust (i.e., my sister and I) will be responsible for the new pro-rated property taxes. We are working with the estate attorney that drew up the trust to figure out the details.

stickguy

if you are selling it what do property taxes matter?

tjc78

Yeah I don’t understand. The taxes get prorated at settlement. Typically the seller gets a credit since it’s mid quarter and you paid the full quarter.

Michaell

stickguy said:

if you are selling it what do property taxes matter?

We paid the taxes for 2024 without informing the county that the homeowner died in August; the estate attorneys think we may have to pro-rate the increased amount for 2024 up to the time of sale (hoping to close on or about 7/1), so we'd owe about half the year.

Figure the property taxes will jump to around $10K annually, so we'd owe $5K.

Of course, this is what I think I remember from the conversations we had with the attorneys back in September and October of last year.

tjc78

Absolutely gorgeous day here at the Jersey shore. Having some wine and apps with our friends across the street. They have an amazing place on the Harbor.

Crazy what 100’ does. Places on the harbor are double what our place costs.

ab348

Michaell said:

We paid the taxes for 2024 without informing the county that the homeowner died in August; the estate attorneys think we may have to pro-rate the increased amount for 2024 up to the time of sale (hoping to close on or about 7/1), so we'd owe about half the year.

Figure the property taxes will jump to around $10K annually, so we'd owe $5K.

Of course, this is what I think I remember from the conversations we had with the attorneys back in September and October of last year.

I don’t understand this. Until the property changes hands the property ownership status would not change and so logically the previous tax benefit should not change. It seems to me that if the closing occurs halfway through the year you would receive half of the full year amount you paid in advance and the new owner would owe half of their new higher annual bill.

Michaell

ab348 said:

Michaell said:

We paid the taxes for 2024 without informing the county that the homeowner died in August; the estate attorneys think we may have to pro-rate the increased amount for 2024 up to the time of sale (hoping to close on or about 7/1), so we'd owe about half the year.

Figure the property taxes will jump to around $10K annually, so we'd owe $5K.

Of course, this is what I think I remember from the conversations we had with the attorneys back in September and October of last year.

I don’t understand this. Until the property changes hands the property ownership status would not change and so logically the previous tax benefit should not change. It seems to me that if the closing occurs halfway through the year you would receive half of the full year amount you paid in advance and the new owner would owe half of their new higher annual bill.

I’ll find out after we close on the sale.

stickguy

ab348 said:

Michaell said:

We paid the taxes for 2024 without informing the county that the homeowner died in August; the estate attorneys think we may have to pro-rate the increased amount for 2024 up to the time of sale (hoping to close on or about 7/1), so we'd owe about half the year.

Figure the property taxes will jump to around $10K annually, so we'd owe $5K.

Of course, this is what I think I remember from the conversations we had with the attorneys back in September and October of last year.

I don’t understand this. Until the property changes hands the property ownership status would not change and so logically the previous tax benefit should not change. It seems to me that if the closing occurs halfway through the year you would receive half of the full year amount you paid in advance and the new owner would owe half of their new higher annual bill.

sounds like the issue is that the ownership did change when the owner passed away, and it moved into the trust.

kyfdx

This. ^^^^^

Michaell

kyfdx said:

This. ^^^^^

Not exactly. The ownership was put into the trust while mom and dad were both alive.

I’ll keep y’all updated as we move forward.

pensfan83

It isn't the shore, which is georgeous BTW, but a nice spring evening with a hockey game and some New Riff my BIL brought me.

qbrozen

@jmonroe1 said:
————————————————-
You sound like the type that would give kids going to birthday parties pins for the balloons.

jmonroe

Now why would I let THEM have all the fun?

roadburner

I've bought a few Mercedes-AMG F1 shirts and over the past few weeks I've had several people comment on them; a coupe of people even knew the drivers. Liberty Media must be doing something right.

jmonroe1

qbrozen said:

@jmonroe1 said:

————————————————-

You sound like the type that would give kids going to birthday parties pins for the balloons.

jmonroe

Now why would I let THEM have all the fun?

————————————————
Yeah, I should have known that.

jmonroe

kyfdx

Michaell said:

kyfdx said:

This. ^^^^^

Not exactly. The ownership was put into the trust while mom and dad were both alive.

I’ll keep y’all updated as we move forward.

Having just done this 18 months ago (sold a house put into trust by the owner, now deceased). There are time limits on how quickly the house must be sold, to retain the stepped-up basis, which affects possible capital gains tax on the rise in value.

Also, converting it to rental use might also have more of an effect with the local taxing authority. (hopefully, that was done on the down low).

Michaell

kyfdx said:

Michaell said:

kyfdx said:

This. ^^^^^

Not exactly. The ownership was put into the trust while mom and dad were both alive.

I’ll keep y’all updated as we move forward.

Having just done this 18 months ago (sold a house put into trust by the owner, now deceased). There are time limits on how quickly the house must be sold, to retain the stepped-up basis, which affects possible capital gains tax on the rise in value.

Also, converting it to rental use might also have more of an effect with the local taxing authority. (hopefully, that was done on the down low).

Yep - we didn’t let anybody know about the change to rental status.

We did, however, have to refinance the reverse mortgage my folks had on the house to a traditional one when we moved my mom out in 2020.

snakeweasel

kyfdx said:

Michaell said:

kyfdx said:

This. ^^^^^

Not exactly. The ownership was put into the trust while mom and dad were both alive.

I’ll keep y’all updated as we move forward.

Having just done this 18 months ago (sold a house put into trust by the owner, now deceased). There are time limits on how quickly the house must be sold, to retain the stepped-up basis, which affects possible capital gains tax on the rise in value.

Also, converting it to rental use might also have more of an effect with the local taxing authority. (hopefully, that was done on the down low).

Also a lot has to do with the laws of the state you are in. What happens in one state may not happen in another. Best to let the lawyers do their thing and hope for the best.

sda

On my way to full up for the commute next week, this milestone was passed. The commute for the week is 400 miles, about 75 miles in the week between. I commute in every other week. 33 mpg on RUG.

oldfarmer50

So what do people think of the great missing oil dipstick conspiracy? I hear that more and more car makers are doing away with them. I know that upscale models like BMWs dis away with them some time ago but why design engines that need rather precise care and then take away the means to do it?

While I’m at it I guess I’ll rant about the passing of the transmission dipstick as well. Both my Fords require a lift or some snake like contortions to access the tiny little tranny dipstick. My newer Kia kept both dipsticks so if it’s a cost cutting thing why does the cheapo manufacturer keep them?

stickguy

both mine have oil dipsticks. No clue why makers don't put them on now, other than saving money. If they are monitoring level anyway, really should not matter if you do it that way. Other than hoping it is accurate!

tranny, well, I might have them but I never looked for them or checked the AT fluid level.

explorerx4

Mt guess is that there isn't a lot of room around the engine.
My Explorer dipstick seems like it is 2 feet long.

sda

I don’t like it. To me it is easier to pull the dipstick to check the level. The Q5 does not have one and requires checking from the information center that requires multiple steps to get to. Assuming the sensors are correct it gives the oil level. Dipstick please.

roadburner

The C43 has a dipstick which is nice, as does the Jeep and ti- although I never had an issue with my BMWs that lacked a dipstick.

jmonroe1

I like that both my Genny and the Legacy have an oil dipstick. However, neither car has a transmission dipstick. That I don’t like but that’s seems to be a sign of the times. FWIW, I’ll trust a dipstick over a sensor for level indication every day and twice on Sunday.

Once again the car manufacturers have fixed something that wasn’t broken. Maybe they’re trying to impress us with technology but I’m not impressed.

jmonroe

Michaell

One offer came in tonight - $800K even. Got to look at the details regarding escrow length, contingencies, inspections, etc.