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BeatriceDaRaven t1_ix0qogs wrote

Reply to comment by nicecupoftea02116 in For people that bought single family homes in Boston or adjacent suburbs since last summer, how much are you paying per month in mortgage, taxes, insurance? by Bostonosaurus

I'm curious where OP got $5000/mo figure from, i'm in a 1600sf 3bd in dedham and it's abot $2800/mo... I know my payment would be a lot worse at market rate (bought summer '21) but I still don't see anywhere near 5k/month

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zipykido t1_ix0zn74 wrote

Lexington, Arlington, Needham, etc are what OP is probably referring to. 5k is about 800k-1mil house.

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BeatriceDaRaven t1_ix1fnz6 wrote

Considering Dedham quie literally a "boston adjacent suburb" as well as adjacent to Needham, i'm not sure how OP couldn't be referring to Dedham.

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SynbiosVyse t1_ix1oek1 wrote

Yeah Dedham has a significant border with Boston proper but this sub is predominantly north of Boston so if doesn't get mentioned frequently, like Milton and Canton (large and small borders with Boston proper, respectfully). Quincy I think is big enough it is still mentioned quite a bit.

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BeatriceDaRaven t1_ix1psnz wrote

interesting, where do you get the impression this sub is predominantly north of Boston? I've never heard or noticed that before. And if that's the case, why are literally none of the other top responses (Roslindale, Hyde Park, Lexington, Needham) on the north shore? your assertion doesn't really hold up at all

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tapo t1_ix1slad wrote

what was the purchase price?

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BeatriceDaRaven t1_ix1tb2s wrote

$500-550k range, 1930s house that needed decent work

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rainniier2 t1_ix3qrew wrote

I’m not sure what interest rate you’re using but a $550k mortgage is about $3600-3800/month right now. If you’re using the estimates in Zillow the interest rates they use in their calculations are not up to date. You have to go in and change them to todays reality.

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BeatriceDaRaven t1_ix4bkbe wrote

I know, that's why I literally said "my payment would be a lot worse today at market rate". Your own calculations being you to 36-3800, that's a far cry from 5-6k op is talking about. Which was exactly my point.

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giritrobbins t1_ix8kzid wrote

Are there homes even at that price point any more?

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BeatriceDaRaven t1_ix8lcko wrote

yes, and the market has cooled off substantially you have so much more negotiating power as a buyer then I did at time of purchase

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giritrobbins t1_ix8kigz wrote

Property taxes. The difference between towns can be quite steep. I think if my place was in Nedham or Dedham I'd be paying probably 500 dollars or more monthly in taxes.

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